Howzit Tanj! Thinking about past years of Alvarez & Marsal blending and folding WMI subs (like the 3 Thackeray's, etc.), future WMIH acquisitons/mergers, and the different RMBS, MBS and other ABS - each filing as individual LLCs with individual prospectus'.... Here's an interesting link about Hedge Funds and Series LLC strategies called "Ring Fencing" that a friend pointed out to me.