~ Most Large Banks, ... Wells, JPMC, BofA, etc., Offer Clients the Use of "Sweep" Accounts" ... "Sweep" Accounts Are Used to Manage Customers Pass Through Funding for Taxation Accounting Purposes ... the Wells Fargo Property / Indentured Trustee as a Funding Manager QUALIFIED to Use (3) "SWEEP ACCOUNTS" as MOST BUSINESS's DO' ... ! ! ! ... I've Posted About This Before ~
... Now, ol' cactus is Quite Happily Retired', ... However, ol' cactus' own business also used a "Sweep Account" while operating ...
I suppose there are many that DO NOT understand the basics' of business ownership accounting and what's available ... LOL' ... toothpick anyone ?
... remember, ... Rocket was Quicken Loans, ... also a troubled entity similar to NationStar' ... back in the day, BofA followed the WaMu Bond Model into Europa' ... just sayin' ... way, way, way, ahead of these get rich quick servicing entity's ... ~ Watch Your Six People ~
... Diversify & Do Your Own DD ... and ... IF One Can't Afford To Lose Money ? ... Well, the obvious' ... Right ?
... No Matter What Happens' ... ol' cactus owns RKT' because I can afford to lose as well as win' ...
BUT, BUT, BUT, ... the WMI Holding Companies Estate', IS NOT. nor HAS NOT BEEN COMPLETED YET FOR THOSE THAT RELEASED TO PARTICIPATE IN IT's REORGANIZATION ... March 2012's Plan 7 ... period' ...
While p's and k's were WaMu Bond offerings, ... the wamuq common share holder, ... Owned The WMI Holding Company ... that "75/25 to the end" clown' ... didn't know his a' from a hole in the ground' ... and his emotional pal' is nutttzzzzzzz ! ! !
Happy Holiday's to All
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