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Post# of 735956
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Re: LuckyPanda post# 628521

Friday, 07/10/2020 12:59:29 AM

Friday, July 10, 2020 12:59:29 AM

Post# of 735956
The ~$14B in WMB Bonds the FDIC owes are UNSECURED BONDS....fact!!!

Do you know what Unsecured means?....it means there were no assets/ collateral supporting the Bonds.

They were paid based on the financial performance of the Bank, ie WMB.

Essentially they were the same as the Preferred Equity issued by WMI, Wampq + Wamkq, in not being directly supported by assets.

Read the Prospectus............

NOTHING IS LEFT!!!!

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