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Post# of 734848
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ron_66271

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ron_66271

Re: Bizreader post# 728416

Wednesday, 05/22/2024 11:23:30 PM

Wednesday, May 22, 2024 11:23:30 PM

Post# of 734848
WMIIC Filed First, Then WMI Filed for Bankruptcy.

WMB was seized of Thursday afternoon on the 25th. WMIIC and WMI declared bankruptcy on Friday morning the 26th. WMI main assets were confiscated by an illegal 5AT.

Later proven.

WMIIC Investment Corp, and then The Holding Company WMI.
28, 29 respectively. As filled.

WMI/WMB we’re totally solvent.
JPM was totally insolvent.
“WMI wasn’t “clubby enough “‘.

Hence the Derivative Market Meltdown of 2008.

The ABS/REIT market was insured by the Derivative Market Insurance policies.

JPM couldn’t make payment.

That is why JPM couldn’t cover Lehman’s mark-to-market on September 14th.

JPM was totally broke!

I could say more but I’m having dinner.



Ron
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