InvestorsHub Logo
icon url

tcr7309

03/07/15 6:00 PM

#416337 RE: iPrelude #416334

I just went through the same exercise looking at the 7th amended plan. I see these as being the only assets belonging to wmi per the plan.

the current market value is listed as approximately 681 million from all the subs listed in your table in blue.

I realize some of you think that wmi had billions and billions in various subs that jpm stole or the fdic is holding on to ready to turn over to escrows but if they are not being identified why do you think they will ever end up in wmi's hands.

logically, hiding 10s of billions from wmi and then the fdic saying oh, these are all your assets just does not make sense to me.

like I said before, I hold escrows from the past but have invested heavily in wmih since the announcement of kkr and citi.

I just don't get your analysis. Not one time has anyone ever explained the procedure how the funds or assets will come back to escrow. Just cite one occurrence where the fdic returned assets like this that was outside the knowledge of all involved, ie, oh, guess what here are your 10s of billions and please make sure escrows get the money right away.

What would have happened by now is that all this stuff would be unwinding in the public's eye and if things were not going accordingly wmih would be filing one heck of a eye opening lawsuit somewhere somehow.

I hope I am dead wrong on my logic.