~ Raj, I’m Not Sure What The GSA Between WMI & the FDIC Entailed Financially, As A Fair Settlement for the Wrongful Taking of WMI’s Property (WMB) By the FDIC’ ~
So, I refer to the text ... the following text is one of many of my own financial considerations ... as I reference Docket Filings # 5885 and # 9901 respectively’, for the acknowledgement of the Global Settlement Agreement ... GSA’ ...
”Notwithstanding the numerous operational changes undertaken by WMB management asset quality has deteriorated significantly Non-performing assets NPA rose to 38 percent of total assets as of June 30 2008 compared to 14 percent for the same period in 2007. The increase in NPAs concentrated primarily in permanent SFR loans, prime, sub-prime, option ARM, and home equity lines of credit HELOCs Loans, secured by SFRs are WMBs primary asset representing approximately 60.0 percent of total assets at June 30 2008
Problem assets have also increased significantly The ratio ofclassified assets to core capital plus loss allowances increased to 433 percent at June 30 2008 an 85 percent increase the ratio from the same period one year earlier The absolute level of classified assets has steadily increased over the last several years from $26 billion 08 percent of total assets as of December 31 2005 to $12.9 billion as of June 30 2008 4.2 percent of total assets”
So, From the Text, I consider the possibility of the numbers that are already revealed, and reverse engineer them’ ...
* NPR’s are approximately 60% of WMB’s total assets at June 30th, 2008 ... (in my opinion ? ... after all of these years of refinancing, foreclosures, streamlining, other lender solicitation, etc. ... the sub-prime, option arms, and HELOC’s are probably all done or written off by now) ... so, ...
* as of June 30th, 2008’ ... 4.2% of the WMB total assets was equal to $12.9 Billion ... ? interesting ? ... (307B X’s 4.2% is right around ... ? ... )
* Now for a conservative view ?, ... remove the 60% referred to from any current consideration ...
* Understand what WMI’ the parent corp., actually was ... and what you were able to actually purchase ... ? ... and what is still owned by the reorganized WMI ...
... So, what or how much was agreed upon ... ? ... I wasn’t allowed in the GSA negotiations between WMI and the FDIC ...
AZ
