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Re: jerrylev post# 559412

Friday, 02/15/2019 3:22:26 PM

Friday, February 15, 2019 3:22:26 PM

Post# of 735164
I agree with you that it wont be hundreds of billions but 10s of billions is very likely. Remember, WMI reported something like $9B in interest profits for 2007. So if all those securities are left intact under WMI (securtity laws prohibits WMB from owning the securities backed by loans it originates..it can only service) it is possible to see somewhere between $40B and $80B after 10 years of interest profits. Remember Dr. A that estimated $86B in court. I believe his analysis was based on the liquidation value of these securities. It wasnt based on how much JPM should have paid for WMB.

Also, didnt Team Bonderman own something like 300 million shares? So essentially, big money will get at least 1/4 of all returns coming back to common escrow. I wouldnt doubt a much higher percentage if you count the common positions of the other hedge funds.
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