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Re: FredMiller post# 727816

Tuesday, 05/14/2024 1:22:17 AM

Tuesday, May 14, 2024 1:22:17 AM

Post# of 728757
@ Fredmiller.... you said WMI owns WMMSC... in what way?... I just sent you a link stating JPMC owns WMMSC..... secondly, there is no WMI, it exited chapter 11 as WMIH without any former assets to speak of... the 2013 WMIH 10-K makes no mention of owning WMMSC.... what it does say is that 7 re insurance trusts were liquidated as well as liquidating WMIIC and placing the money in the WMIL-T to settle the chapter 11...think about what JPM got thru the receivership.... they got the Federally chartered Banks, Savings and Loans, and the MBS, and the other businesses that were originating and selling MBS...they wrote the "junk assets" to negative equity, shipped the bad MBS to the receiver, and got 650 million from WMI in settlement for bad MBS from the "globic settlement... you say WMI owns WMMSC?...and that in some way money is coming back to old shareholders by this post you posted?...why does JPM have to give you money after you signed a release of your former values?... is this in writing?... where?...quite simply, IMO and judgement, there is no money coming back, but, I will not object to your wishes and hopes...I am the last person that you should put these questions to, but I am flattered that you are the only one on this board who shows respect and values my opinion...I could be wrong, so we will leave it there... Lodas
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