Sunday, June 16, 2019 11:15:29 AM
You contended that according to CBA09, WMI's retained interests in the form MORTGAGE CERTIFICATES did not have to be recorded on the WAMU's Consolidated Balance Sheet (CBS).
That being the case the receipts from those interests would have to be recorded in filings in the form of CASH RECEIPTS.
Do you have any filing where cash receipts from $74B in MORTGAGE CERTIFICATES were ever recorded on WAMU's books???
NOTE: WAMU's $27B in Mortgage based Available for Sale Securities (Retained Assets) were listed in their CBS and based on JPM's filings seems to have been sold to them as a WMB asset.
Again, where are the required reporting of the cash received for the BILLIONS worth of retained Mortgage Certificates?????
IF I'M WRONG I WILL HUMBLY APOLOGIZE, BUT IF I'M RIGHT...WILL YOU???
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