~ JustNormal’, You’re Always Welcome, and Greetings From The Arizona “Wild West” ~
... Washington Mutual Was A Multinational “Holding Company” ... so, many of its functioning mechanisms were not controllable by the US SEC and the FDIC’ ... Many of its protected, values, accounts, and securitization issues, were accomplished Off Shore’ ... as a “Holding Company”, this is also the reason that WMI did not qualify for TARP’ ... and other things, but I’m sure you understand the basics ...
The Washington Mutual Capital Trust’, (the reorganized newco & Class 22 Owners), along with the WMB Corporate Notes (Class 17’) ... and many parts of WMI’s preferreds Were Issued outside of the United States, ... Remember, All of WMI’s Preferred's (Class 19) went through the “Exchange Event” making them ALL’ pari-pasu with one another, and’ transitioning them ALL to a $1,000.00 face consideration ... *please review my earlier post with the Court Docket Stated Class 19 numbers of those that chose to opt in ... etc. ... those 61% (ish), of those that chose’ to opt in’ (41.6) will benefit from the eventual release of the entire pool’ ... plus, their associated interest and performance returns ...
Have A Great Day’
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