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Re: AZCowboy post# 546330

Saturday, 11/10/2018 1:50:58 PM

Saturday, November 10, 2018 1:50:58 PM

Post# of 728842
When do the NOLS disappear and name one Trust, just one, that was "class segregated" to Preferred's or Commons??? Less exalting of one's self but rather more facts are required.

NOTE: Only the Trust Preferred Securities (TPS) were supported by actual Trust assets, but those were stripped upon the "Exchange Event" and went to JPM. This occurred because according to the TPS docs and OTS rules those assets were deemed to be "core capital" to the bank, WMB. The investors securities were then converted into WMI Preferred stock, now known as REITS...100% FACT!

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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