Replies to post #3149 on Rocket Companies Inc (RKT)

[novascotiaSTS]

So WMI owned mineral rights worth 1 Trillion?

Somehow WMI‘s management seems to have forgotten to mention this asset (worth more than the entire MCap of JPM) in any of their financial filings before or after 2008.

Interesting 😃

[novascotiaSTS]

So WMI owned mineral rights worth 1 Trillion?

Somehow WMI‘s management seems to have forgotten to mention this asset (worth more than the entire MCap of JPM) in any of their financial filings before or after 2008.

Interesting 😃

[sometimes_right]

WaMu's Holding Company's assets purportedly included hundreds of miles of railroad right-of-aways ROWs throughout the West including Texas. These many miles long, on average 100 foot wide corridors, can prove to be invaluable and functional for utility expansion through rural mountains terrain or areas that have been developed around since the 1880's. The company was said to have acquired the land after mining operations defaulted on their loans after the mine played out or ore prices collapsed . That's the same way WaMu acquired the mineral rights you speak of, all socked away into the holding company trusts. If I am remembering correctly.