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Post# of 732154
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hotmeat

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hotmeat

Re: mattchew post# 528007

Monday, 07/23/2018 1:47:45 AM

Monday, July 23, 2018 1:47:45 AM

Post# of 732154
Quote: "WMI was the safe harbor for WMB and hundreds of other subsidiaries! Joint Administration" protected WMI from the seizure of WMB!"


WMB was a BANK therefore it was seized by the FDIC, WMI was not because it was a HOLDING COMPANY and not regulated by the OTS/FDIC.

Safe Harbor or "The Securitization Rule" are FDIC procedures for dealing with securitized assets, nothing to do with WMI since WMI NEVER securitized any assets.

LOLOLOLOLOL...how do you come up with this rubbish?

Amazing!!!

FACTS...NOT EMPTY RHETORIC!!!

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