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ReikoBlack

11/09/17 10:48 PM

#495069 RE: LuckyPanda #495066

If you do a google search for "All significant intercompany transactions and balances have been eliminated in preparing the condensed consolidated financial statements" you'll see that this statement is not just unique to WMIH's filings.

https://www.google.com/search?ei=ACAFWtevA8TNjwTx5Zj4Aw&q=All+significant+intercompany+transactions+and+balances+have+been+eliminated+in+preparing+the+condensed+consolidated+financial+statements&oq=All+significant+intercompany+transactions+and+balances+have+been+eliminated+in+preparing+the+condensed+consolidated+financial+statements&gs_l=psy-ab.12...0.0.0.313768.0.0.0.0.0.0.0.0..0.0....0...1..64.psy-ab..0.0.0....0.BNJ8f97Sef0


Very interesting! It could potentially imply that any safe harbored assets coming back to WMIIC would have been immediately flowed back to WMILT and hence would not be reported on the WMIH 10q balance sheet.