InvestorsHub Logo
Followers 22
Posts 3022
Boards Moderated 0
Alias Born 03/14/2012

Re: None

Tuesday, 03/12/2019 3:47:30 PM

Tuesday, March 12, 2019 3:47:30 PM

Post# of 111125
From AZ Cowboy over Mr. Cooper Board

~ Mr Gold, I’m Unfamiliar With The LB’ Capital Trust’ (s) ~

However, ... let me say a few things regarding Washington Mutual, or ours (plural), ... Ours are ALL’, “Private Equity”, and “CMBS Supported” (Commercial Mortgage Backed Security), ... so because Washington Mutuals Capital Trusts Are ALL Private Equity, ... we’ve never been able to participate in them with purchases on the Secondary Market ... or ... have we ever been able to view their financial movements ...

as Private Equity Issued, all of WaMu’s Capital Trusts (plural) have been limited to a participation by an Accredited Investor That were initially able to follow the Capital Trusts initial participation requirement ... usually offered by invitation anyway, at these financial levels ...

In reading your question ... ? ... I would gather a few things as possibilities ...

First; ... It appears that the LB CT’s are currently able to be purchased on the Secondary Market ... ? ... that ? sounds intriguing to me’ ...

Second; ... remember the process we’ve learned here, ... LB’ would also be subservient to the US Code’, ... and if ? ... the Plan Approved LB’ “Senior Indebtedness” has not yet been completed ?, ... well that would ALSO restrict the LB CT’s from being in a position to function properly ...

Third; ... If ? ... the LB Plan Allowed “Senior Indebtedness”, ... is going to be completed ? (as our own Tranche 4 just was ?), ... then the Secondary Markets ability to be involved in LB’s CT’s ... would become seriously interesting ...
smile smile smile

I would like to know how many of these are available ? ... and feel free to share this message with your LB friends if you choose ...

AZ