Rocket Companies Inc (RKT)

[ron_66271]

According to the FDIC;

“WMB securitized $2 Trillion in Residential Mortgage Backed Securities of which $500 Billion was sold to F&F “

How much did WMI/WMIIC reinvest into the same securities WMI/WMB ?
We don’t know because they didn’t tell us.
The RMBS are all protected by CDS derivatives.
Therefore no loss to the RMBS holders.

We do know that WMB had a TIER 1 rating of 8.4 pre BK, and TIER 1 of 7.8 according to JPM 2008 10K.

Therefore WMI/WMIIC was invested in their own and other RMBS offerings like F&F because they were still in the cash flow and profitable.

Hint; WMBfsb had $40 Billion in cash after the $16 Billion run on the bank.

Yes this is not over.

WMI sued the FDIC for $307 Billion.
DOCUMENTED!
41.6 “Willful Misconduct”
JPM can buy their way out of the RICO with a $298B*X payment as settled in the GSA.
Class 22 owns the FDIC Receivership Claims.

I believe X is 2.
JPM doesn’t own it until they pay for it.

Payment Pending!!

Preferred Funding belongs to Class 19.



Ron