~ Hello John, YES', I Remember Those Days of the Process Study' as the Packagerd ABS Certs (Trusts) were listed in Mellon' Vividly ... How interesting it was to monitor them monthly and see if any loans were paid off or refinanced etc., and the watch as the return of the earnings and distributions would always occur on the 25th of the month, back to those that had originally participated' ... obviously WMI was among the participants' ~
... I had studied Landefelds method of packaging the ABS Certs as revealed on the SEC site, and then watching them in action at Mellon' ... was very interesting' ...
... YOU are probably correct about the worth of a REGISTERED', and then RELEASED' wamuq common share being more', ... I have other friends that also believe that, I' just always like to consider the release of the funds and the returns conservatively ... some of the numbers being put out though, are simply ridiculous and actually irresponsible' in my opinion' ...
Have I Great Day' ...
AZ
Bullish