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newflow

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newflow

Re: None

Monday, 09/11/2017 1:08:53 AM

Monday, September 11, 2017 1:08:53 AM

Post# of 731253
THOUGHTS OF ONLY COMMONS DISTRIBUTION FROM FDIC

In response to WMI's claim filed against FDIC, FDIC responded 1821...etc rule was to apply in distribution priorities.I never seen preferreds in that priority.Only debt claims and equity of the holding company claims were in the priority.
I did have around 1500Ps, around 33000Ks and some commons.What do you think?.I do not think FDIC distributes anything to preferreds if it follows the distribution priority,JIMHO.
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