Certified Forensic Loan Auditors, LLC

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Washington Mutual Bank Closing Book

March 17, 2014

View the Washington Mutual Bank Closing Book on Scribd.

FDIC and WAMU always withheld the ENTIRE agreement which is 112 pages and only produced the FIRST 38 pages. The KEY language is below:

SCHEDULE 2.1 - Certain Liabilities Not Assumed

  • Preferred stock and litigation pending against the Failed Ban related to liabilities retained by the receiver.
  • Subordinated debt
  • Senior debt
    • the Failed Ban except
    • the tax-qualified pension and 401 (k) plans and employee medical plan
  • All employee benefit plans sponsored by the holding company of
  • All management, employment, change-in-control, severance, unfunded deferred
    • compensation and individual consulting agreements or plans
      • between the Failed Ban and its employees or
      • maintained by the Failed Ban on behalf of its employees
      • 34 Execution Copy Washington Mutual Bank Whole Bank P&A Henderson, Nevada

Chase has always argued they DID NOT ASSUME liabilities for the bad acts of Wamu in the toxic loans. The language above proves otherwise! There is no exclusion for WAMY loans in the above list!


Nancy Duffy McCarron, CBN 164780
Attorney, Real Estate Broker, BBB Arbitrator, CA Notary Public
Certified Forensic Loan Auditor, Property Manager


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