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Re: Tradeinman post# 633857

Tuesday, 09/22/2020 12:38:30 PM

Tuesday, September 22, 2020 12:38:30 PM

Post# of 728272
Az has posted a few times about the IRS 90% rule. From years ago research I know this to be true. WMI and WMIIC are discharged from BK. I cant fathom what else stands in the way. The REITs can no longer legally hold onto the money that whose who released, are due.

Keep in mind, this is important...of the 40 registered security ISIN numbers that WMIH CORP (not COOP) owns that are "ACTIVE" and "FULLY CORROBORATED" per the DTC, from my homework (that I'm still trying to upload here) half would be liquidated or matured into cash plus interest over some portion of the last ten years during the BK, and the other half are still ongoing cash producing securities.

This is a 2 fold return: 1 Part as accumulated cash, and 1 Part future and Ongoing investment. This jives exactly with how my escrow positions are held at Schwab...... 1 Part in Cash account, and 1 Part in Bonds account. Hand meets Glove. Its makes perfect sense.

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