It isn't sad nor cruel because something is coming. Here's why! The law states that companies who package and sale mortgages must purchase 4% of the martgages they package and sale. It is said that WMI packaged and sold 1T mortgaes. Four percent of that is alot of money. Those mortgages are held in a Trust and is therefore BK remote. When Rosen was asked about beneficiary interest these investments were receiving, he replied the money was used to purchase government bonds. This question was posed to him by the BK Judge. I have no idea when this money will be distributed. But, I am positive it does exist.
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