Chase was, and constantly might have been, a complete stranger to title. The only commitment Chase ever had having one WMB loan was the latest uncertain and worry about-offering umbilical wire called the Buy & Expectation Contract, including (powerless) Minimal Energy out of Lawyer data granted so you’re able to Chase in the FDIC (a narrative from carelessness and complicity for the next big date). Shortly after ten years + exploring it design, the fresh cord one to offered the lifeblood towards Chase program can now getting cut ranging from WMB, Mommy FDIC, and Pursue.
When the audio stopped into the nine/, discover zero documents evidencing people marketing of the 10s from tens and thousands of mortgage loans securitized and you can offered by the WMB (zero tasks away from mortgages payday loans Chester Center no endorsements upon cards), just worthless permits kept from the traders
There are no identified repurchases of them WMB funds from the WMAAC, Pursue, or perhaps the FDIC blog post-receivership, merely dollars agreements you to definitely recognize so you’re able to little.