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LuckyPanda

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Re: Bluzie2 post# 483451

Wednesday, 07/26/2017 8:36:46 PM

Wednesday, July 26, 2017 8:36:46 PM

Post# of 730095
Bluzie, if you take a look at wamu 2007 10k, I believe they booked closed to $14 billion as gross interest income. If Wamu's main business was to simply make money by servicing the loans for the various ABS certs, you would not see this large of a number booked as gross "interest" income. I believe as a "savings and loan" they owned a huge percentage of these ABS certs to be able to book $14 billion gross interest income
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