Pursue is, and constantly could have been, a complete stranger to name. The actual only real commitment Pursue ever endured which have one WMB loan try this new confusing and you will notice-providing umbilical wire known as Buy & Assumption Contract, including (powerless) Limited Electricity off Attorney documents granted so you’re able to Chase on the FDIC (a narrative regarding negligence and you can complicity for another time). After a decade + exploring that it system, the fresh cord one to considering the brand new lifeblood into the Pursue scheme can getting cut anywhere between WMB, Mother FDIC, and you will Pursue.
If the audio avoided on 9/, there can be no papers evidencing one selling of tens out of tens of thousands of mortgages securitized and you may offered by the WMB (no projects away from mortgage loans no recommendations on notes), only meaningless permits kept by the traders
There are no understood repurchases of them WMB loans of the WMAAC, Pursue, and/or FDIC post-receivership, simply dollars agreements you to acknowledge in order to little. Continue reading »
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