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hotmeat

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hotmeat

Re: Dmdmd2020 post# 563125

Saturday, 03/09/2019 10:55:11 AM

Saturday, March 09, 2019 10:55:11 AM

Post# of 730679
The real issue is whether WAMU securitizations were held by WMB or shielded by WMI subsidiaries. If they were held by WMB, they were seized and sold as apparently the $26B in Available for Sale Securities were ($18B in MBS's). To date we are yet to see any tangible proof that WMI kept beneficial interests in MBS's or actual MBS assets off WMB's books. If there are we could be in good shape but to date, I have not seen any proof of such.

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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