FALSE....WMIH owned the equity interests in WMIIC, it never said equity interests in assets. WMI owned everything and now we do. Stop making up quotes. WMI owned the equity in WMB,...when WMB 's assets were seized those equity interests were worthless until abandoned to create the NOLS.
Safe Harbor protects assets, a bankruptcy cancelling stock does not affect the assets except for who will eventually get them. Old commons are gone, new Equity Interests will inherit any assets 75%/25% as agreed by everyone.
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