... The Defined Mechanics ...
Are involved and complex, ... More complex than I will be in a position to go into here
The main point, the important issue' ... The information that I wanted to share with the larger group is the study of the initial plan. The realization of a designed planned process put into place, to maintain the value of WMI
The plan was obviously designed and at the ready for implementation, upon the OTS / FDIC showing up on the 25th of Sept to seize ...
WMIIC' is the entity, the sub, that was utilized ...
I continue to believe, ... WMIH Corp will shortly, need to do business with the Original Debtors Estate, ... and the holders of ownership of the estate' ... escrow marker holders, ... will be generously rewarded' ...
However, again my point is, ... this was planned out prior to the seizure, implemented right after the seizure, ... and planned out long before anyone cared if equity participants would end up being a participant within the ending reorganized company
It's all good' ... everyone made their individual choices' ... at the end of the day ? individual ROI' becomes relative to individual choices made ...
What is important, ... Is the study and realization of the steps that were initially taken prior to seizure, in an effort to protect the extreme value of WMI, for the future, with the ultimate wealth able to be saved with the reorganized company' ... future tense
... Everyone gets what they wanted' ... The FDIC didn't collapse ... JPMorgan got the Western Footprint, and the ability to cherry pick the massive WMI Loan File for six clean years, ... The creditors all got paid with interest, ... And now ? ... The estate is renewed via WMIIC's elimination upon consolidation with WMIH Corp
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