Nobody involved with the Legacy funds of WMI would have ANY INTEREST in being a bank again. ANY WITH HALF A BRAIN would never risk those values again....
THE NEWCO imho will be the go to """SERVICER for troubled bank assets and that is all it should ever be. As a mortgage broker, lender you're NOT under FDIC control nor are your assets at risked of being seized........
This is another BDC that our value has been used to be distributed among others with Brookfield BN, BAM as the major model. We should see some of our distribution as of the31st (dividend, interest and capital return (capped) The Cartel is not going to give us anything, they will try but I believe there are too many eyes on this. But greed is upon us. There are those more powerful than I and they are in our corner. Coop may be the way out but our value should be recognized in order to put to bed any constitutional concerns. It is all in Demon's design. IMO
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