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Sunday, October 01, 2017 10:31:43 AM
WMIIC / WMI / WMIH-Corp legal process and "the Parties" separated, ...
I get what your saying I believe. In talking with the FDIC-R they are brutally forward in emphasizing the NO connection between What they seized (WMB) "the bank" and what entities filed for Bk chap 11 .
I have been banging on them to release what the have in accounting for what they received. Talk about "they are peaches an cream", until I get to the point of a list of what they seized and the book value that JPM has paid to date.
My specific question is where do you see the recovery flowing from? And what is the mechanism you see for them doing it?
I am getting more of it daily "thanks mostly to your direction"but this a no joke about the complexities of this legally and Financially.
Thanks Az for your insights and sharing much appreciated. Are you really from AZ/ Got lots of fam in Casa "the big house" as well as Tuscon.
Best regards,
B
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