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ron_66271

Re: Donotunderstand post# 757698

Thursday, 06/15/2023 6:55:29 PM

Thursday, June 15, 2023 6:55:29 PM

Post# of 796302
Was F&F Reserve/Capital Created by Derivative Slow Pay?

That’s the game JPM played on Bear Stearns.

F&F like WaMu was not a writer of Derivative Contracts. F&F and WaMu purchased derivative contracts for insurance reasons as required by the ABS/RMBS Prospectus offerings.



Ron
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