Thanks LG …. Pretty interesting their thoughts align… love this >>
<7) Other than the FDIC-Receivership being open, there is no other impediment to WMI recoveries. So, common logic has me believing that it is the last obstacle. But I don’t think it is. I believe that WMI recoveries can start despite the FDIC-Receivership being open.
8. Everyone is waiting, and since the “source” confirmed the growth of WMI recoveries (since 2008 from $101.94 billion to $625 billion as of 2021), I think the big boys are happy that it isn’t dead money doing nothing.
9) eventually the WMI recoveries will start, and my WAG is in Q1-Q2 of 2023. The announcement might be as early as first week of April 2023 (deadline for proxy materials to be sent out prior to annual shareholder meeting in early May 2023).>
JHD
Bullish