Pursue are, and always could have been, a complete stranger so you’re able to title. The sole connection Pursue ever had with any WMB financing is the new unknown and you can mind-providing umbilical cord known as Get & Presumption Arrangement, along with (powerless) Minimal Energy from Attorney data files supplied to Chase regarding FDIC (a narrative regarding carelessness and complicity for another date). Immediately following a decade + exploring this strategy, brand new cord you to offered the latest lifeblood to your Chase scheme can become severed ranging from WMB, Mother FDIC, and you may Pursue.

In the event that musical prevented on the 9/, discover no documentation evidencing one sales of one’s tens of tens and thousands of mortgage loans securitized and you will ended up selling of the WMB (zero assignments away from mortgage loans with no recommendations through to notes), simply worthless certificates kept by the investors

There are no recognized repurchases of these WMB funds by WMAAC, Chase, or even the FDIC blog post-receivership, only cash agreements you to know in order to nothing. Read more