HM, forget about the old preferred being associated with any trust and even if they are, the stocks were canceled. There is no such thing and we don't need to discuss further.
But I am talking about the securitized assets. Questions:
1) Do all secuterized assets belong to WMI and cannot be included in the WMB sale?
2) are securitized assets held by multiple institutions such as DB, JPM, WF, BoA, USBank, etc., and therefore lending credential to RD theory that some of the transferred money by banks can be ours?
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