***WMIH***My Perspective***
The P&AA has just expired on 9/25/2014 and we all agree that the former WaMu organization was over a 350 billion concern. We also all know that JPM did NOT get everything. We also all know that there indeed has to be some form of reconciliation whether there is small value or VERY LARGE value that has to come back to the trust, WMIH or both. Tranches five and six have yet to be worked which contain over-funded claims, claims listed as assets in the final POR, court registry accounts that have to be resolved that are under court seal.
Not to mention all of the assets that are mortgage servicing, certificates that are not part of the bankruptcy legally and yes, most of us know this. So has it occurred to investors that once most of this is resolved that WMIH may not even need an immediate merger? That is if we are to stay in the financial servicing business such as loan servicing that we may get back from the trust or the FDIC either directly to WMIH or indirectly through the trust.
Folks, there are many moving parts and we should start to see some of this through filings relatively soon now that the P&AA has expired. It could also be this expiration became the trigger for WMIH to do something which is what I believe, so in time we will see.
One thing you can be assured of and that is BIG MONEY WILL NOT let this little Golden Goose called WMIH fly away without it being capitalized in one form or another. So these same BIG MONEY PLAYERS can LEGALLY avoid paying taxes on MEGA BILLIONS in future profits!. Yes, this is EXACTLY what these type of people we are now affiliated with do for a living and they do it very well, but maybe not on our timeline.
Yes, I said the aforementioned about our little Golden Goose called WMIH BEFORE the effective date of March 19, 2012 and during the last couple of years. Then low and behold to help prove my point, KKR showed up in early 12/2013 and now we wait for the next 8K explaining more of the business plan for WMIH which will revalue WMIH again, just as it did in 12/2013. Not to worry folks, the business plan is coming for WMIH and this is something I have never worried about which is why I have posted little on this topic. IMHO, a NO BRAINER!
