Desde el 14 sept al 4 de octubre, esto viene muy bien e fechas para que el de octubre todo salga a la luz en el informe del examiner y posterior cit n corte el 1 de noviembr para trata este tema.
Esta es la mejor explicacion que he leido...
First, if the exchange event took place, WMI issued preferreds to the TPS holders, in exchange for 100% of the TPS interest in the "let's call them" the Cayman trust assets (mortage home equity line of credits, etc. mostly TX, CA and FL with high scores and performance, which were being serviced by WMB).
Second, if the exchange took place as stated, WMI then immediately transferred the interest in the trust assets it got from the exhange - - - to WMB.
The problem with this is the seizure timing and the conditional exchange timing. One could look at the seizure timing and say that the trust assets were not at WMI at seizure; the conditional exchange was not in effect until 8am the following morning. If they didn't exist at seizure, they couldn't have been transferred to WMB post-seizure.
The WaMu names are those that would be in a position to document what took place when and *who told them to what and when.
Deutsche Bank National Trust CA and Deutsche Bank Trust Company Delaware were the actual "Trustees" of the WaMu Caymans; Mellons was simply the depository.