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chivalri

01/15/09 7:21 AM

#52237 RE: invest1980 #52224

Like I said, this represents the Shareholder's Equity (or the amount that WMI received from the sale of the stock).

http://www.investopedia.com/terms/s/shareholdersequity.asp
"Investopedia explains Shareholders' Equity...
Shareholders' equity comes from two main sources. The first and original source is the money that was originally invested in the company, along with any additional investments made thereafter. The second comes from retained earnings which the company is able to accumulate over time through its operations. In most cases, the retained earnings portion is the largest component."