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nranger

03/19/14 5:55 PM

#396762 RE: Large Green #396756

Not being nearly as technically minded as you and Blue, who I feel are two of the great voices on this board, I feel that
1) The escrow shares will be paid simply because our lawyers considered that there must a separation of those that went through the early stages of the bankruptcy from those who buy WMIH today. Some of those that went through the bankruptcy lost a lot of money when WM got wiped out (like myself). Or they lost money in the sense of it being tied up for 4 to 6 years.
2) I don't believe JPM is off the hook for this crime. Somebody somewhere will not allow them to get away with stealing a solvent bank for pennies on the dollar.
3) Elaborate restraints were put on transferring of escrow shares, which means to me that someone in power was instructed to have justice in mind in the sense of the actual person who went through the bankruptcy and possibly was one who was robbed, would be the one who is compensated.
I'm grateful for WMIH. It greatly contributes to alleviating my losses (and maybe will give me added wealth).
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tanjazielman

03/19/14 6:32 PM

#396770 RE: Large Green #396756

Look what I found:

The term escrow is derived from the French word, escroe, meaning scroll or strip of parchment.(2) By traditional legal definition, an escrow is a written instrument representing a legal obligation which is deposited by a grantor, obligor, or promisor with a third party with instructions that it be delivered to the grantee, obligee, or promisee upon the fulfillment of a condition.(3) Virtually any written instrument may be placed in escrow, and modern escrow arrangements often involve the deposit of money."

"A typical use in a corporate transaction is to escrow a portion of the purchase price of a business to secure indemnities given by the seller that cover warranties and representations that cannot be performed or verified at the time of closing."

Source: http://www.facebook.com/l.php?u=http%3A%2F%2Fbusiness.highbeam.com%2F127%2Farticle-1G1-13654255%2Fescrows-and-bankruptcy&h=ZAQFNOZMX