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Sunday, 04/14/2024 7:21:25 PM

Sunday, April 14, 2024 7:21:25 PM

Post# of 731298
so why are hedge funds, SNH, Bonderman, Tepper , Savitz, and the UW's been quiet for the past 11 years since the chapter 11 was closed, IF THEY BELIEVED THAT A PAYOFF WAS CERTAIN,AND THEY HAD LEGAL RIGHTS TO WMI'S ASSETS!!!!!!!!!!!!....no financial institution that is legally owed money is going to wait over 11 years without collecting, or at the least a forward contract that the obligation will be honored at some future time...the fact of the matter is that they read the documents when WMI said classes 19, and 22 were impaired...why were they impaired from future recovery?...because they were unsecured debt, and reclassified as common equity, and treated as such...again, no one with a legal right to money will wait 11 years for it, without filing a lawsuit to get it... so far, no such lawsuit has been filed by anyone expecting a recovery, because there is no money to recover... Lodas
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