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The processes quoted, Safe Harbor, True Sales, Bk

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hotmeat   Sunday, 06/16/19 11:56:03 AM
Re: Large Green post# 578789
Post # of 601157 
The processes quoted, Safe Harbor, True Sales, Bk Remoteness, SPE's etc all do exist as means of securing assets, the problem is they do not apply to WMI/WMILT or us.


What I believe occurred was that WMI never believed they would be seized and co-mingled their most valued assets under the control of WMB as a means of stabilizing the bank's finances.


This is what inevitably resulted in virtually all their assets being seized and sold to JPM by the FDIC. They screwed up royally!!!

IF I'M WRONG I WILL HUMBLY APOLOGIZE, BUT IF I'M RIGHT...WILL YOU???
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