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You Are Misusing the Terminology.

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ron_66271   Wednesday, 11/08/17 05:54:40 PM
Re: hotmeat post# 494857
Post # of 522772 
You Are Misusing the Terminology.

It's NOT 'Equity', it's "Equity Interest".

In the case of WMB; "Equity Interest" as is like when you are buying the car. You have "Equity Interest" in the car as you make loan payments to the bank for the car. When you make "the Final Payment", then the bank sends you the title. The FDIC is using the WMB "Equity Interest" released by WMI to close the Receivership's litigation and to sell WMB to JPM.

The FDIC needed the "Equity Interest" as a 'owner' of WMB to have legal standing to prosecute claims of the receivership.


In the case of WMIIC; "Equity Interest" is when and investor owns 25% or more of a Trust CERTs, then that investor can request a "Equity Interest" Certificate in the Trust, and use the participation as collateral due to the revenue stream created by the Trust. "Equity Interest" is not the WMIIC corporate stock that is being refereed to.


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