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Monday, May 16, 2016 12:53:50 AM
Possible hidden mortgage assets in legal isolation in the WMI family: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115671029
Possible assets under FDIC-R ; Safe Harbor: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121462197
Then my estimate as deducted from above:
1. WMI[WMILT]: $240B-278B
2. FDIC-R[WMILT]: $151B-220B
Total: $391-498B returning to WMILT, by taking average: $444.5B will be returning to WMILT then to escrow holders in tiered time.
I could had been instilled/intoxicated/hypnotized by many +ve thinkers on this board. But please tell me my reading was based on thin air: “You are totally WRONG!” Please enlighten me why these happened in history and not being related:
1.WMI in 2003 began to manage how to preserve assets in case WMB will be taken over one day. FASB implemented "legal isolation".
2.WMIIC & WMI filed independent bankruptcy on 9-26-2008 in Delaware and will merge into WMIH. WMB servicing loan of $689.7B, including $442.7B for other banks (? Large portion could be for WMI) and $247B owned by the bank. Where are the WMB mortgages now? Do you still remember PAA regulations of FDIC: 1% premium on cash deposit + book value ?
3.The $151B showed up 3 times in 3 entitles:
a. WMB statement 12-31-2008
b. FDIC subrogated claim 2015 balance sheet
c. JPM 8k 4Q2015
( http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122318420 )
Could my teachers from this board set up a “day dreaming” trap for you and me? Or their reasoning stands on solid grounds.
Because of the escrow markers, I am thinking of forming a charitable foundation to help the needy; first priority will be on relief: 21,000 human die everyday due to starvation and diseases from malnutrition. Are you hearing their cry for food? Are we dreaming together for a good purpose?
Would Jamie donate to this foundation out of remorse? (IMHO)
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