AZ...it is correct, let time tell.
We can go back and forth.
1. What was released on the Effective Date, as per the GSA, with specific reference to the WMI Action (the DC action against the FDIC for refuted claims to the receivership).
2. What was WMI creditor claims "against WMB," and the FDIC as it's receiver; intercompany claims settled in the Plan.
It is futile to continue the back and forth as only time will tell. I am very confident that there is no secret deal regarding literally hundreds of billions of dollars that the FDIC is keeping off it's receivership and will pay to WMILT after settling bondholder claims, possible JPM claims and/or Deutsche Bank claims.
But, I respect your opinion, your genuine approach and work product and integrity in presentation.
We simply disagree on this. Only TIME will tell. So we will wait.
As noted yesterday, this is the WMIH board, the WMIH stock is very important (at least to me) and I simply don't want the lack of such expectations about the WMILT to materialize to impact WMIH as it is a completely separate issue, and legal entity.
Again, thanks for the professional exchange and GLTY. I'd be very happy to be wrong and see you right and see hundreds of billions of dollars appear and find its way to the WMILT for escrow holders.
BK
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