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I remember posting about this back in 2021, jpm has to pay 515,463,917.53 for 40 rmbs , uwb owned 17 of them so is about 218 million . we will see if we get any.
Common that can't be true---Fred said we don't get squat from JPMORGAN
ROTFLMFAO
UWBK. Page 2&3 section F
https://oag.ca.gov/sites/all/files/agweb/pdfs/mortgage_settlement/jpm-settlement-agreement.pdf
ya think CHINA, and RUSSIA, and IRAN............are afraid of DC EMHOFF's wife...............as USA PRESIDENT..........????..............get real.......
how can DONNIE be down.....down by 10% in the polls to DC EMHOFF's wife........????.........when the REALTIME electoral college map has donnie with 304 votes...................LOCKED UP...............are these lunatics crazy.....................????...........
....and whatever happened to that Denver THIFT stock........holding (ahem!!!) company for the bank that was UNLAWFULLY seized......and tied to a JOB KICKBACK SCANDAL............arranged by the head of the law firm that promised the OTS crook a job...............???.........DC EMHOFF.......AH.....AH......AH..........
....to much stress with all of this............and WTF......UWBI is connected to the WEIRDEST PRESIDENTIAL RACE IN USA HISTORY.............aimho.........
.......MATH..............????..........estimates are $145mm +/-..........and $132mm +/-.........................(with 0 from sonterra).................
................29.6mm shares, minus maybe .4???..........$9.25 per.............?????........c'mon, baby.......up, up, up........CLICK.......CLICK...........
AT the exchange rate that was being discussed of 1 fcnca for 98 uwbk you run the numbers
How much per share do you think we would have received if we did get FCNCA stock? Just a bit curious since there's nothing else to do except wait.
All the makings of a great politician....
WHY would the FDIC give a rats ASS about him giving away paper doesn't hinder or hurt his company one bit
You make no sense sometimes
....ya rubbing our nose in it, BONGWATER BOB.................might even hit $3,000 per before we ever get paid.................we shoulda kept the fudge, assuming we had the option, which it appears WE DID NOT.........????............because I truly believe Guy would have kept it.......unless the FDIC conned him with that stock cancellation problem......................water under the bridge, BONGWATER......................
........and FCNCA could FAIL..........the CIT portfolio, that grows by millions and millions EVERY DAY, with fat interest rates (2% over prime = 10.5% interest rate on a lot of the new CIT loans being made daily).....................IF THE USA ECONOMY CRASHES.............the CIT LOAN PORTFOLIO WILL VAPORIZE.......and even a 20% markdown on CIT...................$10-billion shrinkage to frankie's house of cards CAPITAL......FAILURE and SEIZURE.......in a couple of months.......will happen..........
.......sure would like some fresh cash on our nightmare, BONGWATER..................this waiting game is PAINFUL.....(although in my mind, I am earning over $1,250 every day.........legit..............and our timing might be perfect.......donnie or DC EMHOFF's wife as USA prez...........USA IS OVERDUE FOR THE MELTDOWN)....
.....tingle, tootle............up frankie's...............karma will get that bastard...................aimho...............
OUCHIE and NO ASTRO GLIDE but we are taking it up the
DAYAM
First Citizens BancShares, Inc. (FCNCA)
$2,158.84
+63.00
(+3.01%)
GO DC EMHOFF's WIFE
Dude: the hard money, at present is $140mm and $116mm.....empirical...measureable....evidentiary...
......larry's bad at division, but divide the total by 29.6mm shares +/- (there are a lot of treasury shares, which are netted out)........$8.50 per.....SCARY REAL......
.........................mouse clicks......................and this is how the FDIC does business..........................
..........whatever......................aimho.......................sonterra decision, notice of UWB receiver termination and the mouse clicks..........any moment........???...
....still a few UNDETERMINED aspects.......1.......who had the option on the pledged stock...........and 2. what's the dollar amount coming from the FDIC....???.....
....only problem is, the FDIC is combining their payment, with the holdco proceeds...........which gets the favorable tax treatment, on the non-IRAs, but masks where the monies are coming from..............whatever...........F**K 'em all....................
....definitely, bowel movements going on, behind the curtains..........this is good, because the end is near.........
..............back to DC EMHOFF's wife............leading donnie by 8%..................in the straw polls..........ELECTORAL COLLEGE......???.........donnie's still way ahead, and that's the vote that counts...................not the pinko poll..................aimho...................
IF FAIR and REASONABLE, I am all for shutting it down, but BUTT not interested in a settlement that we will need astro glide
GUY thought we were getting paid with the FCNCA stock...............????......further, Guy has never made one negative comment about frankie or the FDIC......???...
and GUY also refuses to estimate or guess on any final payout.......????..........he kinda nods at my prognostications.........but says he doesn't know what the payouts will be...........???...........
no worries from that angle..........and he's mad at me for bad-mouthing frankie..........???.............whatever.................
"BEST INTEREST" is a legal position..........meaning actionable, if lacking full integrity.............we get stiffed, in the end.........Guy gets sued.......trust me on that......because we'll have whatever we get safely and can still sue..................and Guy will have a huge pile and will settle, imo............hopefully, we get paid and move on........................
.
MAN DID GUY MAKE A GOOD DEAL !!!!!!!!!!!!! For himself maybe
First Citizens BancShares, Inc. (FCNCA)
$2,132.00
+36.16
(+1.73%)
....clarification: the sonterra case, our LIBOR mess.........is still in the USCA/2.......the decisions appealed came out of the judge broderick court......???......
...the 4/30/24 ORALS, gave clarity to the main issues...........CASE IS WEAK AS F**K, imo.................cloud of inclusion......???......NO WAY, hose, imo......
...whatever.........let's just finish the game here...........the secrecy and sleight-of-hand with all of UWBI is UN-AMERICAN......fascist crap.....whatever........
..................that CLOSURE rumor and the $8.50 per, net payout is firm......so, who cares........better to have these rumors than getting WIPED-OUT......aimho.....
.
These imo are NOT THE BIG ONE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This is just house cleaning of the malpractice suits claims, according to a lawyer friend of mine
....that FDIC attachment from BANJO BOB showed the UWB Receiver getting $16mm, from the RBS settlement........that still only brings the recoveries total, to date to about $116+mm, by my calculations.....??...........what's weird is, we might only have $140mm, or A TAD LESS, in the holdco fund........$256mm, total....????....
....scary math = about $8.50 per......................????..........whatever, bring it or find for the BIG BUCKS on sonterra, or shut down sonterra, for zero.......aimho.....
sonterra:......WTF..........this case was never lifted out of the FDC in NY, or there is no record of a remand......????.......did we buy the position from a "Dennis" entity, which settled separately.......
THE JUDGE APPEARS TO ME TO SUPPORT OUR POSITION AND IS GIVING US SEVERAL OPTIONS TO REFINE THE CLAIM/ALLEGATION......????......
Unbelievable, but probably true, or the judge would have upheld the appeal......deep complications we are trying to figure out.......BUT, THE LONGER THIS CONTINUES, the more likely WE GET OUR REQUEST FOR A JURY TRIAL TO DETERMINE PUNITIVE DAMAGES FOR ALL OF LIBOR........so, sontera is still on, imo............
Likewise, there are discussions at the high, high, high altitudes of Boulder County, CO that we settled, somehow, or that the sonterra case is over, the FDIC Receiver is terminating and the FDIC is paying out the roadkill directly, so as to mask the details on both distributions.......$8.50 per....????......
BACK TO SERGIO P. ERMOTTI over at the UBS thrift shop.............DUDE.........don't play poker with this situation.........SETTLE TODAY..........aimho.......
This is closing out the malpractice suits, but that is again working towards closing this chit down
Re: None
Monday, July 29, 2024 2:43:02 PM
Post# of 731960
Settlement agreement
HSGWSWAMU26YEARS
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20 Closed Banks and MUFG Bank and Societe Generale (PDF)
HEADING TO THE CLOSE UWBK WMB both on the list, this is for malpractice claims
Washington Mutual is listed on Page 10 as 1 of the 20 Banks. (Exibit A)
MUFG Bank, along with Sumitomo Mitsui Banking Corporation and Mizuho Bank, is recognized as one of the three major megabanks in Japan.
Fourth down on link page.
https://www.fdic.gov/foia/plsa/index.html
* 20 Closed Banks and MUFG Bank and Societe Generale.pdf
767.06 KB
downloaded 20 times
.....did judge Brodie gives us a lever to settle........????.....................something is amiss....................????...........sonterra closure, today............
.....definitely THE END.............BIZARRE, as usual......all good, because the end is near..........or here..........????...........low-ball, imo........????...........
..............go DC EMHOFF's WIFE......I think..............WE HOPE - HOPE HOLDING.................the nightmare is over..........ya think frank holding is happy......
....no me like this SNOWMAN fitty per, nonsense but, bring it............SNOWMAN, fitty.......per.............sounds good, anyhoot...........give the opinion waiver, larry.....how did you miss that judge BRODIE connect????.....................too weird...............SNOWMAN, fitty.......per.......
.
https://en.wikipedia.org/wiki/Vernon_S._Broderick
no real comment after the obvious...................might benefit us.............might backfire...............
go KAMALA...........................
https://www.nysd.uscourts.gov/
btw, it appears we wuz sent back............either way.........WE WAIT.................
.
...dude: UMH.....too big for us.......they own like 135 trailer parks and some Fla swampland................bill and a half.........but we wanna package of trailer parks.......tuff stuff...............either a big black hole or a home run........................we'll see.......................
check engine lights on both daily drivers.........flooded bathroom at one of the cribs................tons of similar non-problems...........<yawn>...................little people problems I ain't got time for.............text the rats......................onward.............
not sure about that denver thrift..............new lie every day, but the end is near........per new braunfels................F**K 'em all..........show us the money.......$8.50 per hurts, but end it........
wanna know what's gotten PAINFUL as F**K..........watching DONNIE and DC EMHOFF's wife...........pathetic mess..................RFK might cost one of these freaks a state..................donnie's in...............but WTF...........................aimho............................
.
....poop = fdic is 'combining' fascism payout with frankie's fecal matter......???........all LTCG, however total = $255mm.......or $8.50 per.........????.............
....whatever..........one of these fairy tales is gonna come thru......someday............HOPE - HOPE----HOLDING------fully, not today........tomorrow.....???.....
.
what a surprise FDIC DRRIP finally has been updated, now total assets are 9308000, nice bump . is that from interest? where is that money coming from?
....not sure what kind of posse you hang with, SANDFLEA SIR.......????......bikers, priests, girl scouts, peewee herman wannabes..................???........and unlike, BANJO BOB, you ain't got an "inkling" for Mrs. EMHOFF..........????............
.....back to the nightmare, sandy...........my "soon" demonstrative adverb refers to the speed in which the FDIC closes out failed bank projects..........we gotta jump out of the sonterra/LIBOR spectrum.......and that case is weak.......pathetic, really, imo and is not going to continue..................but it could..........
....also on the super soon, FLEABAG............gruenie's gone and DC EMHOFF is in the hot-seat......which also contribute to the FDIC wanting to be rid of me, you, BILLBOARD BOB, lar lar green, and others..................
....no worries and no hurries on the POS, SANDY........hope your friend lines up a few rails??? for your feedback.......aimho............
Is “super soon” sooner than your regular soons? Asking for a friend…
........"ah, did not have sexual relations, with that woman, USA PRESIDENT KAMALA EMHOFF, and if I did, I would have bound and gagged her husband in the next room, for assisting in the THEFT of that DENVER thrift back in January, 2011".............
.....money this week on UWBI............????........mayhaps, not this week, but sonterra could die, and the FDIC might start the Receiver termination process.........which means the FDIC files the notice in the Federal Register and mouse clicks out the receiver's closing payouts.......takes minutes.............
.....in REALITY, might be another 15 days, or more.......to see the monies in our brokerage accounts.....BUT SOON......SUPER SOON, imo.......
....no worries, no hurries................watching DONNIE and KAMALA harris-EMHOFF........do battle...........comedy act............freak shows, daily...........aimho......
NEW LIBOR SETTLEMENT WITH SIX BANKS
https://www.reuters.com/legal/six-banks-settle-european-bond-price-fixing-litigation-new-york-2024-07-26/#:~:text=NEW%20YORK%2C%20July%2026%20(Reuters,prices%20of%20European%20government%20bonds.
Friday's settlements would upon approval end the litigation, with $120 million of settlements. JPMorgan Chase (JPM.N), opens new tab, Natixis, State Street (STT.N), opens new tab and UniCredit (CRDI.MI), opens new tab previously settled for a combined $40 million.
The case is part of more than a decade of litigation in the Manhattan court accusing banks of colluding in various markets including U.S. Treasuries, currencies and commodities, as well as on interest rate benchmarks.
The case is In re European Government Bonds Antitrust Litigation, U.S. District Court, Southern District of New York, No. 19-02601.
Andy Sachar, our attorney on sonterra/LIBOR responded to our request for a status report...........
on sonterra, it appears that the USCA/2 let appellant, us...........submit something, or add, or clarify, or amend.......at the 4/30/24 ORALS, the presiding judge asked our atty............if he needed to file an amended petition, or otherwise clarify something.........THE JUDGE WAS ASKING AND THE ATTORNEY SAID HE WOULD FOLLOW-UP.........................this could cost another 30 days, even if it is something bogus or vague...........???.........
the final decisions on sonterra gotta be near.............the judges really gotta punt the whole case.......there was not a damage caused by the scheming on the LIBOR/sterling index...........indirectly, but the dollar amount, if favorably adjudicated, is all that could be claimed, imo...........$38K............????....
WASTE OF TIME......................the FDIC should not be party to this nonsense..........
no worries, no hurries...................DONNIE and KAMALA harris-EMHOFF.....are in a dead heat.............TIED..............TIED........OMG........OMFG.....aimho.....
...DEFINITELY a smart idea to have a SPECIFIC PLAN, banjo bob..................re: a big pile of fresh cash..................I have an allocation and investment plan for each and every dollar................simply boxes with GRID LINES...........each of the 4 boxes is an asset class.......I. BANKS, for example, and 5 named, possibly 6........................one grid is Real Estate and there are 5-6 lines..........real estate companies holding land, 2 BIG REITS, etc........
....point being, BANJO.............be smart..........and plug in FAST MONEY to rock solid investments................there are open lines, for toys, of sort.......a couple of beach-connected building lots..............but still smart business..............
.............FUN FUN, bingo bob...........this UWBI monster might pay off........call it a 25-banger..........took 10-12 years, but worked out well.............
.....POSITIVITY, bingo..................and smart business....................WIN WIN...................(note that I haven't mentioned any tools of the devil.....booze, weed, blow, bigger boat, jewelry, lambos, more blow, netjet card reloads..................etc..................DANGER, bobbie)................
Pard
I AM just a ready as you are, I WANT LOTS of DRY powder going into the market crash that IS IS IS COMING as I can get my hands on
....BEST CASE, imo, BINGO BOB...............sonterra fizzles and is dead............TODAY...................FDIC gathers up, like, $200mm, or $7 per, and wires that to the paying agent..................in the next 3-5 days............................the FDIC statement, triggers the holdco distribution/cancellation................................
................BOXCARS, per, BINGO.........................12....................within a week................nice....................could happen, BINGO.........will, imo.........
Fred
IF they would just click the fricking mouse we'd all be POOF GHONDI in NY SECOND
......FDIC is nasty, but in the end, of a failed bank clean-up, the FDIC always THROWS CASH AT THE RATS STILL ALIVE AT THE BOTTOM OF THE DUMPSTER..............no explanation, nor accounting.................CASH......................
.....we have recourse, but if ya wanna fight the FDIC, on final payouts.........YA GOTTA SEND THE MONEY BACK, immediately and then start an ominous legal process that WILL....WILL.........take years..............????.....
....we'll take this $9.25 per, or $10.50 per, or boxcars, per...........soon, bobbie.........and disappear into the night...................
....only alternative to this quickie, soon..........a sonterra ruling of something FREAKISH........but keeps sonterra alive on technicalities......which isn't bad, except it might not end with ANY MORE MONEY.........and take another year or two........???.....that's the worst case, BOBBIE...........
.....and we might sidestep a HORRIFIC economic downturn........CHINA is going down.............and the rest of the world will follow...........aimho.....
SEEEEEEEEEEEEEEEE DEATH is only thing that is certain in life, and NO NOT TAXES ya can get away without paying taxes, gonna do time but
.""".UNLESS the FDIC does something outrageous, LIKE SEIZE IT, after co-mingling it..."""
....the five per, is 100% gonna happen, bobbie......unless the FDIC does something outrageous, like seize it, after co-mingling it.........unlikely.............but ya never know.............????...........
....end-game is near, bobbie...........probably, sonterra fizzles, the FDIC pays out the $4+ mysteriously, and soon...........and the $5 distribution/cancellation follows......no details, no fan-fare.............$$$$ entered into our brokerage accounts..............FLASH...................game over................100% guaranteed this is how we close out the nightmare, BOB............continued weirdness, but cannot come sooner....................
.
SEE
SO is it SAFE IN TOW or are we gonna get zapped and never paid
...trust me, BINGO BOB..........we have $5 per, safely in tow...........less your good friend, FRANK B. HOLDING, Jr. wants to spend 10 years in the BUTNER prison............especially, now since frankie is worth $1.5-BILLION.........and counting, higher by the minute.............
....it's the FDIC's "promise money" that is causing us great stress, BINGO BOB...............and now the FDIC's chief bobble-head.....martin j. gruenberg is GONE....?????...............DANGER.....DANGER.....DANGER...........and marty's last harrah was sonterra/LIBOR............how pathetic is that frivolous suit..???...
....UWBI, bingo, always gonna be STRANGE........and never gonna end..................???...
....glad I have "tickets" but sometimes I wonder if we will ever get PAID OUT.............even the ABE LINCOLN, per, could get zapped................
BOUGHT ????????????????????
I aint seen any payments, I HEAR supposedly monies have been set aside BUT HOW FAR TO THE SIDE ARE THEY
pure insanity....FCNCA
$2,105.73
+54.68
(+2.67%)
what's going on with that Denver THRIFT stock......backing the BANK that frankie bought.....actually the bank holding (ahem!!) company that frankie also bought, on a tax-cheat basis using his mother's GRAT stock.........?????...................hello....................
water under the bridge, BINGO BOB........gotta play on...........
we still could WIN, long-term, BINGO..........fit-teen per, for example, or even boxcars per........THEN FCNCA CRASHES........
.
YEPPERS we got hosed by the exchange from stock to cash!!!!!!!!!!!!!!!!
WHAT A DEAL THAT WAS MADE
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UNITED WESTERN BANKCORP INC. (UWBK)
Shares Outstanding: 29.26
PR FROM FEBRUARY 2011 ANNOUNCING COMPLAINT AGAINST THE OTS (OFFICE OF THRIFT SUPERVISION):
DENVER--(BUSINESS WIRE)-- United Western Bancorp, Inc. (the "Company"), a Denver-based holding company whose principal subsidiary was formerly United Western Bank® (the "Bank), today announced that on February 18, 2011, the Company filed a Complaint in the United States District Court for the District of Columbia against the Office of Thrift Supervision (the "OTS"), the Acting Director of the OTS (the "Acting Director") and the Federal Deposit Insurance Corporation (the "FDIC").
On January 21, 2011, the Acting of the OTS, in cooperation with the FDIC, seized the Bank and appointed the FDIC receiver based on three alleged grounds: (i) the Bank was undercapitalized and failed to submit an acceptable capital restoration plan ("CRP") within the time prescribed by statute; (ii) the Bank was likely to be unable to pay its obligations or meet its depositors' demands in the normal course of business; and, (iii) the Bank was in an unsafe or unsound condition to transact business. The Company alleges in the Complaint that none of these grounds existed at the time of the seizure.
A. Gibson, Chairman of the Board of the Company said, "The seizure order issued on January 21, 2011 by the OTS, appointing the FDIC as receiver, is arbitrary and capricious and lacked any rational basis in applicable law."
The Company's Complaint refutes the allegations made by the FDIC and the OTS, and importantly, among other facts cites:
The Acting Director of the OTS, without any reasonable basis, concluded the Bank had failed to submit a CRP acceptable to the OTS. However, despite the statutory requirement that institutions be given a reasonable time to submit a CRP, the OTS demanded that the Bank submit a CRP within seven days, a clearly unreasonable request in excess of its statutory authority.
The Bank's capital position provided no basis to accelerate the standard 45 day time frame for filing a CRP. On December 3, 2010, the OTS directed the Bank to take a capital write-down with the intent of lowering the Bank's capital ratio as much as necessary in order to create the illusion that the Bank was not adequately capitalized. The result of this arbitrary and capricious directive was to lower the Bank's total risk-based capital ratio to 7.8 percent (which is only 0.2 percent below the 8.0 percent ratio required to be considered adequately capitalized). But for the OTS's arbitrary and capricious directive, the Bank would have remained within the technical definition of adequately capitalized and not been subject to the requirement that it submit a CRP.
The Company believes that the seizure of a Bank with a reported total risk-based capital ratio of 7.8 percent and a pending recapitalization is unprecedented. If the standard applied by the OTS to United Western Bank was uniformly applied to banks across the country, a significant number of those banks would be subject to immediate seizure. The majority of the institutions closed by the OTS in 2009 and 2010 were critically undercapitalized, meaning that the ratio of tangible equity to total assets was less than 2 percent. A number of these institutions were insolvent; for example, one of these institutions had a core capital ratio of negative 7.11 percent and a total risk-based capital ratio of negative 7.36 percent.
The Company's research suggests the OTS has not accepted any CRP submitted to it during this financial crisis. Instead, the OTS appears to reject CRPs as a matter of course, regardless of merit, and then asserts that the failure to submit an acceptable CRP is grounds for receivership. The rejection of the Bank's CRP was part of this unreasonable pattern by the OTS.
No grounds existed for the Acting Director to reasonably conclude that United Western was likely to be unable to pay its obligations or meet its depositors' demands in the normal course of business. The liquidity concerns asserted by the OTS and FDIC were based on their unfounded disapproval of the Bank's 17 year-old business model and a fundamental misunderstanding of the Bank's long-term, contractual relationships with certain of its institutional depositors. There was no rational basis for the OTS or FDIC to conclude that the Bank would not continue to effectively manage its institutional depositor relationships as the Bank had for almost two decades, including through the worst of the financial crisis in 2008 and going forward. The institutional depositors would have maintained funds on deposit absent an arbitrary or capricious action by the OTS or FDIC to force withdrawal of such funds. The Bank repeatedly, most recently as of January 20, 2011, advised the OTS that this was the case. The Bank had ample liquidity to pay its obligations and meet depositor demands.
The Bank had over $400 million of cash at the time of the seizure, which represented approximately 25% of total deposits on January 21, 2011.
The Company and the Bank were very close to completing a recapitalization transaction of $200 million, with commitments in place of $149.5 million and parties identified to complete the transaction at the time of the seizure of the Bank by the FDIC. The completion of this transaction would have eliminated the need to seize the Bank, thereby avoiding a significant loss to the Deposit Insurance Fund. This information was provided to the OTS on January 20, 2011.
The Company is represented in this law suit by its internal counsel and certain inside directors of the Company and certain former inside directors of the Bank are represented by BuckleySandler, LLP of Washington, D.C. and certain independent directors of the Company and certain former independent directors of the Bank are represented by the Washington office of Paul, Hastings, Janofsky &Walker LLP.
I am not sure you understand, don't confuse the moneys that belong to the Bank (the ITR and JPM moneys due) even if the Government did not take the Bank, those moneys are the banks.
The government is liable because they took the Bank, our asset, our constitutional rights, under color of law and tired to defraud all of the shareholders as well as the employees the credititors and others. took assets held in the Banks Name and deprived all of us including the community. They Tarnished the management and the Banks Business reputation. I ask you what is it worth? An Unconstitutional move by government thugs.
And now they don't want us or any body to talk about the cover up
Jim Peoples, former CEO, left, and Guy Gibson, former chairman, are challenging bank's takeover.
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