There's no "guessing" involved here because the UW's received a fixed number of settlement which now equates to ~117K shares of COOP. If AG wins (SHE WON'T) only those shares or the value thereof will be returned and redistributed to Pref holders. For PQ holders that amount will equate to 0.0156sh/PQ.
Quote: "WAS WMI ONE OF THOSE INVESTORS????????????????"
NO!!! WMB SPE's like WMMSC and WMAAC retained interests in the MBS's they sold for Credit Enhancement purposes. This was routinely done to ease investor fears by showing them the issuer had some "skin in the game", ie the company would also lose if the MBS's did not perform. WMI's only interest was a portion or the full amount of income these interests generated. Since the retained interests were owned by WMB SPE's, it was all sold to JPM in 2008, and along with it went the income generated that WMI formerly received. They are now gone!!!!
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