Replies to post #4969 on Dime Bancorp Inc (fka DIMEQ)

[jmbell42]

Half-full,

I like the way that you think, and I would love for that possibility to occur!

Who knows if that is a possibility. I'm sure that JPM would not be too happy.

[philipmax]

That JPM is the owner of the Anchor litigation was my understanding as well. Over time, I was convinced by this board, that WMI was the successor in bankruptcy. That is why we needed a trial, to assure that we are classified as debtors, in order to collect our claim.

I put it to the Judge that if JPM was responsible,how could they represent the LTW when JPM and the FDIC were in cahoots? This is still an unanswered issue.

So, I accepted the thesis that WMI was given the Ltws, thru a Breach of Contract, and that the Ltw are now a claimant against the WMI as a result of that Breach.

[goldcanyon341]

There are three possibilities that could include the LTW's.

1) The GSA could be amended and the LTW's liability transferred to JPM, as you suggest.

2) The GSA could be amended to return the Anchor Litigation back to WMI and we would be reinstated as the 85% claimant.

3) Judge Block could make the decision in his court and do a distribution of 85% of the proceeds directly to the LTW's, bypassing both JPM and WMI.

In the Post entitled "Judge Block's Court" there is a very interesting phrase in the "Conclusion."

"until reasonable time has been allowed for the real party in interest to ratify the action"

Who is the real party in interest that the Justice Department refers to? That's the phrase I find so interesting.

[REALtime64]

You are correct dimeq is not in the wamu Inc waterfall this is a JPMC issue and they are not going to give dime a dime