Excellent reply. It is very refreshing to speak with EDUCATED investors who know and UNDERSTAND the facts as they happen and are discussed without being blurred due to bad decisions made.
The song that really applies is SHAKE-IT-OFF by Taylor Swift.
That is WMIH, as I stated, very important capital raise and looking forward to a merger and/or acquisition. NOTHING TO DO WITH WMB SENIOR AND JUNIOR WMB CREDITORS OF THE FDIC RECEIVERSHIP.
FDIC RECEIVERSHIP AND BANKRUPTCY PROCEDURES ARE DIFFERENT.
WMIH and the WMILT are separate legal entities and, except for potential participation in the AAOC holdings in WMILT on "certain litigation proceeds" (which the WMILT has indicated it is not pursuing), there is NO RELATIONSHIP OF KKR'S INVESTMENT IN WMIH AND THE WMILT.
KKR is quite a sophisticated financial player. I am confident they are following the organizational governance guidance of their various entities in regard to investment in WMIH.
Agreed, that is the purpose of the post.
Very comfortable with the financial sophistication of the players going forward (and actually, will assess risks after M&A announcement). NONE OF SUCH RESOURCES ARE LOOKING IN THE WMILT REAR VIEW MIRROR IMO.