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Re: dm57 post# 725564

Thursday, 04/04/2024 7:12:06 PM

Thursday, April 04, 2024 7:12:06 PM

Post# of 730420
yoiu are not a shareholder anymore, because your prior values i WAMU, and WMI were abandoned as a result of the GSA negotiations which resulted in WMI being able to exit chapter 11 with 6.5 billions and 5.89 billion in NOLS, in settlement for the 20 billion dollar claim against the FDIC.. WMI was able to negotiate over 12 billion dollars in recovery of the 20 billion dollars they tried to sue the FDIC for, but failed, as the case was thrown out of court for lack of substantiation, and proof...all dividends to preferred were deemed null and void because the claims were backed by UNSECURED LOANS......Long Beach Mortgage was writing gobs of HELOCS on rising equity home values that went sour during the financial crisis when many homeowners went bankrupt.... my tenant who rents one of my apartments went to Las Vegas in 2010 and bought 5 homes... the banks were giving them away at 50,000 dollars a piece... they had been listed at a value of 350,000 dollars before the 2008 financial crisis!!!!!!!!... so he got 5 , 350,000 dollars homes for 250 ,000 dollars.... he was renting them out for more than what the loan on them was worth... today he is a millionaire....timing is everything...someones loss, is your gain in financial matters..... nothing is coming back from the chapter 11 now closed......common sense, use them, they work!!!!!....11 years of nothing speaks volumes... Lodas
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