JHD
That depends ENTIRELY on what the values shown are, WHO knows 8$ to a U $128 for a U and so on.
It all depend on what the funds were to start with and how much they have grown.
The SEN SUB comm said WAMU had 635 bill in forces at the time in 2008
NOW in 2007 they had 1.7 trillion HMMMMMMMMMMM where in the H E L L did the other TRILLION GO???????
Now lets go back to 635 from 2008 even at 3-5% compounded the 635 could have easily double could it not
Now if there was 635b in Unpaid balance THAT IS not all THAT COMES BACK IN THOSE PAYMENTS as any that have ever seem their amortization schedule on their loans, hell you don't even start paying down much on the principle to get get to half of the loan life. The bank ALWAYS GETS PAID BACK FIRST they make sure of that, so it still leaves the unpaid balance.
Now as faraa at the 1.9 trillion lets paly another what if game.
Lets say and we thing they did sell 500 bill to FNMA ok great, BUT we still don't KNOW what percentages that WMI may have had as a benificial owner in those or to what amount.
You have to understand when WAMU sold those to FNMA and OTHERS those OTHERS JUST became servicers of them,BUT THEY STILL HAVE TO PAY BENEFICIAL OWNERS THEIR OWNED PERCENTAGE AS WELL So lets say WMAU(WMI) owned 10% beneficial ownership in those loans that a 100 bill plus and do the same for the 635 and there is another 63.5 bill
and then that makes money where ever they put it..
SO in short, I honesltyy see NO WAY WE GET HOSED HERE AT ALL
SO in short lest just say the 635 ended up having 800-900 bill paid back
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