Replies to post #1681 on Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[etzetrade]

Thank you for your expertise. There are two different comments regarding selling of "H". One is your posts, "H" is responsible to recoup whatever the loss of Senior bonds from FJR plus 30 million dollars expense per month. Another is related to Catz' post that HFs disgorge the illegal gain in IT. Any thought?

I am thinking,.... H should receive more waterfall due to the FJR. If H has to recoup loss from senior bonds recovery, additional FJR for H would set it back before the next class. So, there seems, from $$ point of view, equal out.Moreover, H would get NOLs in WMI2. Personally, I think, IMHO, HFs lost all the interest in this part because EC will be on board for WMI2. HFs could no longer manipulating NOLs for their own advantages. Any thought buy or sell H? TIA