If you read her other decisions, her fundamental principle is to have all damaged parties sharing all the left over wealth in accordance with her view. So, that is the reason that you will not see any opposite opinion by her, and it is irrevocable.

Furthermore, Dimeq is another good case. Judge finally vetoed
everything as per her judgement, even the same case was proved by other court. So, she has the final says, and 75/25 is her final.

You're right since day 1. AZ's theory only applies classes 16 and 17. Even, judge changed its fundamental rules to put the caps of return for class 16. So, there is nothing could not be changed in BK's court. BK 101, judge can supersede any previous rules. In our case, class 19 and 22 were mingled as only one equity.

BBANBOB, dmceng:

IMHO! Possibly $5B due to 5% participation. So, NSM agreed to merge with WMIH.

If AZ is correct, only common markers get new shares. But, I doubt it.

WMIH gets those unsold and unliquidated portfolios. I guess it is around 100B.

Possible.

10A

Nice found. Thanks

Could WMIH merge with JPM? TIA

IMHO! NO because only those illiquid assets are coming back to WMIH, and the values are much less. also my WMIH lost her income stream. That is the reason that pps is going up. Market is no fool and represents the fact.

You answered all those confusions created by someone. Good Work. Thanks a lot.

So, basically, there is nothing in wmiic.

Thanks for further explaination.

Or, I should use MBS in lieu trusts.

Where does WMIH keep her safe harbor assets. Is it in wmiic or other places?

IMHO, WMIH did not expect to have the present situation. To protect all trusts in safe harbor in wmiic, was hoping one day to get all the trusts back and continue to generate income stream.

Unfortunately, JPMig sold all or converted under her own controlled trusts.

WHIM is in a dilemma today, what direction can she go from now and on.

But, classes 19 & 22 are the parties in assets of WMI's subs, such as cash, illiquid assets, etc.

Hotmeat, you're absolutely 100% right. Why would you waste your time?

In anyway, the result are as follows:

1) all assets sold from WMI's subs in terms of cash go pass through WMILT to markers.

2) All illiquid assets will/ is returned in the same way as (1). But, if WMIH wants, please pay for it by her shares.

3) WMIH has the negative equity interests could be used as NOL. Or, the equity interests in all WMI's subs are zero because there are no assets left because they were all sold.

Is it accounting 101? Equity = Assets - Liability.

Thank you very much

Apparently to WMILT.

What is the equity interest of WMI? Thanks.

Bob, everything in WMILT is 75/25, no doubt.

All remaining assets in safe harbor, after paid to all other creditors, flow back to LT. That is 75/25.

Thank you very much.

If the equity goes to WMIH, are you saying that escrow holders get nothing? Thanks for your comments.

Now, you answered my question which was bothered me for a long time. Thanks again.

Thank you.

Thank you.

How? Thanks

Not so sure.

The price was at the market price somewhere around $3ish.

UST held 80% of AIG common. After redemption, AIG's stock had r/s 10:1, and sub debenture was redeemed at F/V.

I think AIG did not have preferreds.

How much would affect the current market price, i.e.$1.21

Yup, has to deduct liabilities, which belong to depositors with WMB.

If WMI's MBS had so called participation %, IMHO, it has to be appeared on balance sheet somewhere. Otherwise, the WMI pre-holders would sue WMI till pants off.

Safe harbor assets create the income stream,

I always go with BBANBOB's theory 24B since day 1. Any few MBS with some participation is icing on the cake.

Everyone is guessing 25% participation, but none could provide any evidence.

Long time ago, I was told by my friend in this business and posted on this board that there is no requirement in this issue.

Need your opinion. Thanks.

Is it only related with re-insurance gonna finish on or short after 2018? It will only affect Wahuq holders from runoff notes.

However, LT will release everything from the assets in safe harbor, ex. DB settlement.

There are two 25% discounts.

The first one is Assuming WaMu only has 25% participation of the MSB. The other 75% goes to other creidtors.


The second 25% belongs to common, others (75%) goes to P/K and TPG.

Because common holds 25% of it.

Due to the reason of avoiding tax?