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hotmeat

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hotmeat

Re: fwh3334zeke post# 544105

Thursday, 10/25/2018 7:23:27 PM

Thursday, October 25, 2018 7:23:27 PM

Post# of 730254
Post# 543826 in response to your post# 543812

Quote: "Any Trusts that WAMU retained an interest in for which cash returns were pledged to WMI will return to WMI after the bankruptcy is closed. WMI never owned any Trusts, only Participating Interests in those Trusts so that question is moot. When bankruptcy was filed in 2008 it was usual for entities in bankruptcy to stop receiving payments to secure those assets as stated in most Trust's documents. They would have continued to function, it's just that payments to the WMI estate would have ceased."


Ring any bells yet?




25.2 Cancellation of Common Equity Interests:.., on the Effective Date, ALL Common Equity Interests shall be deemed extinguished and the certificates and ALL other documents shall be deemed cancelled.

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