~ PlanetPaprika, Following Up', Again I'm Sure Most' Everyone Appreciates Any Realistic Considerations', Based On Actual Study', However For Our Own Discussion Points ("within this limited format"), I Look At A Few Things Quite Differently' ~
First; It Is My Opinion That The FDIC has already stated on its site', its lack of involvement with "WMIH" ("COOP") beyond the WMB Receivership Finalization, yet to come;
"Washington Mutual, Inc., and the interests of equity, debt holders or other creditors of Washington Mutual, Inc., are not included in the closure or receivership of the Bank."
Second; The gross numbers that have been presented and regurgitated over, and over, and over, to no end, with the ridiculous distribution ratio's applied ... would not belong to an original WMI financial product purchaser on the secondary market' ... the gross participation amounts of "Asset Value" would have always belonged to the company itself, now of course reorganized into "WMIH" the Parent Corp.,
Third; When considering the WMI Holding Company's BK Separated, ... non banking subs, (33, now into 7) ... the "WMIH" Preferred Managing Sub, ... and the WMI Capital Trust, ... it is my opinion that realistic interest generated returns, now having been accumulated, can be considered' ... the "when ?" or the "how much ?" specifically continuing to remain open ended questions' ...
* a great starting point has always been the WMI Plan 7 "Disclosure Statement" of course' ... which defers to the "Fact" that the (BK Creditor Class' Considered, "the piers support, only", the $1,151,000,000.00' debt support carve out' of the whole), Those' considerable "Debentures" were providing $18,000,000.00 million a month' in interest earnings', while the BK's Attorney Fees were chewing through $30,000,000.00 per month, ... so once the "piers" were determined to be a creditor class, subordinated to the senior debt', ... Plan 7' "capped" to their return, Run-Off Notes Issued to pay their continued interest earnings & expenses until paid in full with WMI's allocation of "Cash" ... That released the continuation of the previously mentioned interest earnings generated and now having accumulated at roughly $18,000,000.00 per month since Sept of 2008', to ultimately be returned to a releasing common share original WMI "stockholder" ... currently in possession of the Issued DTC ESC Cusip # 939ESC968
and, a holder of the Issued DTC ESC Cusip # 939ESC992 would be a recipient of the contents accumulated within the, again Holding Companies' BK separated, "WMIH" preferred managing subsidiary' ...
So, In My Opinion, any gross numbers of the Asset Values of WMIH and its Subsidiaries, would be able to be utilized as Debt Collateral by the company "WMIH" as was originally done by the Great WMI' ... referencing the present tense BOD's statement regarding the utilization of "Predecessor Operational Protocols" ...
Thanks Again'
AZ
AI
