Sunday, May 03, 2026 5:50:11 AM
I copied your entire post, fed it into Chat (Bing), and asked the question: "What is newflow describing here?"
Chat wrote quite a lot, and ultimately summarized it as follows:
Chat: He is describing a completely fictional, technically-sounding story involving alleged recoveries, mergers, and payouts.
He uses real terminology (DTC, QSBS, Section 368, Lehman, WMI), but within incorrect or impossible contexts.
This is not an official process, a genuine announcement, or a real corporate action.
Mmmmm: Apparently, there isn't a single shred of evidence indicating that WMI actually *owned* any assets from which it could have received a payout prior to its insolvency. WMI's business model consisted of issuing loans, securitizing and selling those loans, and then using the proceeds to issue further loans.
You and AZ—just provide us with a single piece of proof that WMI was the *owner* of insolvency-protected assets, rather than merely the *administrator* of assets that had already been sold.
Chat wrote quite a lot, and ultimately summarized it as follows:
Chat: He is describing a completely fictional, technically-sounding story involving alleged recoveries, mergers, and payouts.
He uses real terminology (DTC, QSBS, Section 368, Lehman, WMI), but within incorrect or impossible contexts.
This is not an official process, a genuine announcement, or a real corporate action.
Mmmmm: Apparently, there isn't a single shred of evidence indicating that WMI actually *owned* any assets from which it could have received a payout prior to its insolvency. WMI's business model consisted of issuing loans, securitizing and selling those loans, and then using the proceeds to issue further loans.
You and AZ—just provide us with a single piece of proof that WMI was the *owner* of insolvency-protected assets, rather than merely the *administrator* of assets that had already been sold.
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