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LuckyPanda

02/23/17 2:04 AM

#472484 RE: Bizreader #472482

Yes, that explains it. But you can see the margin for yourself in the 2007 Wamu 10k.

https://www.sec.gov/Archives/edgar/data/933136/000104746908006870/a2185889z10-ka.htm

Its right there on page 11. The total interest producing asset and the interest rate vs. the total interest burden on the liabilities.