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Re: None

Wednesday, 01/08/2020 7:46:11 AM

Wednesday, January 08, 2020 7:46:11 AM

Post# of 728589
Ddmd1...IMO...my conclusions as of December 05, 2019 @ 1110 CST:

***Thank you for sharing your due diligence***

1) Let me tie in the connection of Grayken and Bonderman. They both worked for the Robert M. Bass Group in 1988 when Bass bought out American Savings (California) in 1988. In 1996 WMI bought American Savings.

Bonderman first became a director on WMI in 1996. Bonderman by 1992 had already founded TPG, and Grayken founded Lone Star in 1995.

2) By virtue of their long time collaboration since the Robert M. Bass Group, Bonderman and Grayken kept in close contact.

3) Bonderman et. al., IMO...upon the seizure of WMB (September 25, 2008), was the biggest shareholder approximately holding 41.356%.


4) IMO...Grayken probably knew all the value that WMI had in its banks (assets such as portfolio loans = $231 billion) and outside of its banks (bankruptcy remote MBS Trust retained interest owned by WMI = $101.9 billion). Grayken's Lonestar Parterners LP probably started buying the TruPS (Trust Preferred Securities) after the bankruptcy at a 99% discount like the other TPS holders (26 of 30 institutional TPS holders bought in 2010 at a 99% discount).

5) So, all the big players: Bonderman et. al., Grayken et. al., Savitz et. al., Tepper et. al., the other SNHs (Aurelius, Owl Creek, Centerbridge), and all the other Hedge Funds, and of course currently the Underwriters are all Class 19 Equity Escrow Marker Holders.

6) We retail, do not know any Material Non-Public Information, but I assume that the list of the above big players do.






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