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Post# of 799083
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ron_66271

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ron_66271

Re: ron_66271 post# 792345

Friday, 04/19/2024 9:00:23 PM

Friday, April 19, 2024 9:00:23 PM

Post# of 799083
CDS and F&F.

According to the FDIC WaMu/WMB Securitized Two Trillion in RMBS of which $500 Billion was sold to F&F.

Those RMBS were insured by CDS to cover the losses. Derivatives!

The insurance losses need to be recovered.

The CDS insurance will cover all of F&F outstanding claims.




Ron
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  • 6M
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