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Re: bkshadow post# 474800

Tuesday, 03/21/2017 7:32:13 PM

Tuesday, March 21, 2017 7:32:13 PM

Post# of 730594

...WMI/WMIIC has no such retained interests.



Wrong assumption. WMI retained interest of WMB pledged loans. As per Hochberg's report.

...WMI/WMIIC weren't BANKS and didn't securitize MBS.



Wrong assumption. You don't have to be a bank and/or securitize MBS to receive income from a MBS Trust (duh!).

...WMI wasn't seized.



Correct! So WMI's assets could not be seized. Every 32 billion of them. Where are they?


...there are none, see above.



Wrong assumption based on a wrong assumption. WMI retained interests of WMB pledged loans. See above.

...per the P&A 'after adjustments by the ASSUMING BANK.



Wrong assumption. Your statement concerns WMB deposits only.

And the list of wrong assumptions goes on and on.
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