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Sunday, October 18, 2015 6:23:53 PM
...and the WMIH target keeps on biking along.
...it's gonna buy $90 billion (down from $165 billion; why?, who knows, just lost $75 billion; no problem) of mortgages (secured by mortgage backed (get that) securities owned by investors in trust of Deutsche Bank) from WMIIC, a shell; nope, not in WMIH, need the time machine as they are in the debtors estate where WMIIC really is.
...I believe that appropriately sums this theory up to the sunlight.
..BTW, the R-203 attachment in 2014 that was part of the massive uncloaking of WMI laden illiquid nonmonetized value for shares fortunes, was (wait for this) not the first time disclosed.
...shocking, to say the least.
...facts that topple the dominoes.
...WMI escrow (shares, then markers, then shares, then markers) dominoes falling like broken spokes.
...again, no one has disputed this counter.
The R-203 attachment was only in 2014???
???really?
???so the assertion is that, in this 2014 important time period, this R-203 attachment was part of some new revelation that was a secret withheld until then???
???really?
!!!besides that assertion, which no one can seriously take seriously, is that that attachment is about repurchase obligations of mortgage backed securities that are being serviced by JPM as per their purchase of WMB (including the servicing rights).
%%%nothing to do with WMI at all; not off-balance (sans the assertion) or even WMB or FDIC-R.
(((at least not in facts and realities.
###never mind illiquid assets or non-monetized assets (neither of which exist).
^^^and the same for 'shares for value (seriously, how does it compute that WMIH will issues shares to escrow markers (shares???) outside of being LTI's???
&&&because LTI's are now to "difficult" to administer???
...really, some believe this???
@@@must be that WMIIC, the co-debtor, that held these illiquid, non-monetized, off-balance sheet, ready for 'shares for value of the newly discovered in 2014 of the Deutsche Bank Trust MBS disclosure by JPM of no repurchase obligations via R-203???
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