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Fable 1; $50 for 60 Days.
That $50 for 60 days was about the PIER’s (H). Had nothing to do with WMIH/COOP.
Fable 2; mysterious COOP shares distributions multipliers. .058? .04?
With corporate buy back programs, the shares no longer exist after the buy back. Weird funny multipliers?!?!
Fable 3; SOON.
Just a way to draw attention to himself.
Admit It AZ. You Can’t Do Numbers.
You criticize others numbers, but offer no numbers yourself.
Maybe that’s best.
Sorry but you have proven that you can even do an interest rate conversion.
Yes indeed; WMI sued the FDIC for $307.2 Billion. The DC Dual Track.
Required JPM is to pay Full Book Value for WMB and it’s assets.
The FDIC;
$299 Billion for WMB and it’s Assets.
Their numbers, not mine!!!
Yes Retained Earnings from the February MOR.
How is the TPS doing to be paid?
Checkmate!
2.5-2.7X face value from the DCR/RE.
2.2X more for Series R in Performance Payments.
Yes, proven two different ways.
None of these numbers are of my creation.
The second number I needed came from you to calculate the Performance Payment accumulation.
Thanks.
Yes, $43 Billion in un-accounted for non-BK assets.
I haven’t inflated any numbers.
Then we have 41.6 Release for Project West.
? What’s Your Number?
No more BS about that you are the only one that has read and sequenced the documents correctly.
Because you haven’t.
The proof is above. ^^^
Please don’t forget to see the reply to post.😁
Ron
It Just Simple Accounting.
Retained Earnings Explained.
Formula
RE=RE_{0}-NI-D
RE = retained earnings
RE_{0} = beginning retained earnings (February MOR)
NI = net income profit or loss
D = dividend
RE_{0} = $20.77 Billion gaining interest in a Treasury Note, ~$25B-$27B and becomes RE_{F} (RE Final) at distribution.
NI = 0
RE goes to zero at distribution.
Because Nothing is held in reserve at distribution date.
Therefore;
0 = RE_{F} - D.
RE_{F} = D.
RE_{F} dividend payment split 75/25% between Class 19 and Class 22.
The end of 75/25%.
The TPS are satisfied with a 2.5X-2.7X gain.
The Retained Earnings are the assets from the 363 Sales that the Equity Community presented to the Court.
The Equity Community requested and took control of the AAOC Plan 6 LT.
Yes it’s Documented!!
😎😎😎😎😎
Still No Answer.
Proven By a Question.
How is the TPS of Class 19 getting paid?
as I said;
Checkmate!!!
Ron
MUST!
Must demands all back interest associated with the final payment for WMB and it’s assets valuation.
The back interest has nothing to do with the Preferred back interest.
Different topic.
JPM MUST settle
Same for all other WMI assets.
Ron
Therefore Lehman’s is a Going Concern.
One cannot offer new contracts if one hasn’t paid their past debts.
Excellent post.
Ron
SS; “It’s A Matter of Rule of Law”.
JPM/FDIC lost the Dual Track in DC Court for “WMB and it’s assets “.
JPM must pay for WMB and it’s assets.
LIBOR is closure for the Derivative Market contracts to cover the ABS losses. More Rule of Law regarding Contract Law.
Contract Law must be satisfied.
Must is a more exact term, but doesn’t say when.
‘Soon’ doesn’t say when either.
‘Soon’ is just a way to say that they don’t know either, but want the resolution like we all do.
As I said; JPM/FDIC MUST settle.
Must;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175033793
Ron
The Same for Lehman’s in a Different Court.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175117472
It’s all connected due to the ABS Derivative Market contracts.
F&F too.
Ron
Asset Backed Securities.
ABS Trusts are asset backed.
That simple!
The ABS are not a liability of the Parent LBH, or a sub.
The responsibility lives with the Trust/Trustee.
The ABS became bonds with the securitization of the Trusts that were insured by Derivative Contracts as insurance policies to cover all the losses of the Trust.
This whole long game is about the derivative insurance contracts needing time to generate the money to cover the contracts.
LIBOR is nearing completion.
I’m expecting similar numbers from my LB P’s as I am from my WMI P’s.
2.1 face, minimum from the Performance Payments from the Trust associated with the ABS Trust.
I have proven my numbers multiple times.
Similar numbers for all LB ABS Securities.
Same here with the four sisters.
Ron
Counsel to the Joint Liquidators.
NOTICE OF WITHDRAWAL OF APPEARANCE AS COUNSEL
AND REQUEST FOR REMOVAL FROM COURT MATRIX AND SERVICE LIST
PLEASE TAKE NOTICE that James H.M. Sprayregen hereby withdraws as counsel to the Joint Liquidators in these chapter 11 cases and the Joint Liquidators requests that his name be removed from the Court’s mailing matrix and service list for these chapter 11 cases.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175093658
It is finished!
Very good news!!!
Ron
If JD Wants to be Treasury Secretary.
Then JD/JPM Must Settle WMB, for either future Presidential admission.
The 41.6 Release only Released the Then JPM BOD.
No future JPM CEO/executives are covered by the 41.6 release.
The release is not global.
Total “Willful Misconduct” exposure for the incoming CEO that didn’t commit the crime.
Good news.
Payment is coming.
They told us.
“WMB and it’s assets.”
You do the math/timing.
P.S.
I still have not received any response yet regarding my TPS question!!
Ron
The Retained Earnings Answered Your Question.
AAOC Plan 6 LT was taken control over by the Equity Community.
True!
Why is the Retained Earnings of $20.77 Billion listed in the February MOR, but not in the final right hand column for the Plan 7 payments to the Plan 7 Creditors?
Few understand the use of the ().
The Retained Earnings are never discussed in the body of the document.
The Retained Earnings have nothing to do with the Plan 7 payment to Creditors.
The Equity Community satisfied all Plan 7 Creditors Claims with the final right hand column of the February MOR.
The Retained Earnings has nothing to do with the Plan 7 Creditors.
The Retained Earnings is about paying Class 19 Preferred’s 75% of the RE.
2.5-2.7 face.
In general to the MB; What is your problem?
Ron
Retained Earnings Explained.
Formula
RE=RE_{0}-NI-D
RE = retained earnings
RE_{0} = beginning retained earnings (February MOR)
NI = net income profit or loss
D = dividend
RE_{0} = $20.77 Billion gaining interest in a Treasury Note, ~$25B-$27B and becomes RE_{F} (RE Final) at distribution.
NI = 0
RE goes to zero at distribution.
Nothing is held in reserve.
Therefore;
0 = RE_{F} - D.
RE_{F} = D.
RE_{F} dividend payment split 75/25% between Class 19 and Class 22.
The end of 75/25%.
The Retained Earnings are the assets from the 363 Sales that the Equity Community presented to the Court.
The Equity Community requested and took control of the Plan 6 LT.
Yes it’s Documented!!
😎😎😎😎😎
Still No Answer.
Proven By a Question.
How is the TPS of Class 19 getting paid?
as I said;
Checkmate!!!
Ron
LIBOR Litigation Docket.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Not directly about Lehman’s.
Ron
Thanks Real777.
The Tucker interview of Mr Sacks was great because it did show how much the story has been manipulated by the Marxist media, and subject to truth exposure.
CDS need to pay for the insurance contracts losses, or the system melts down.
Lehman’s is solvent.
Payment of all legal fees is proof.
No DIP financing.
Ron
The Derivative Market.
Unregulated insurance companies pretending to be Banks with insufficient capital assets to cover a shift in economics for the insurance contracts they wrote.
2008;
$83 Trillion in notables.
JPM owned 57% of the exposure.
Lehman’s lived on both sides of the track.
According to the Treasury;
$13 TRILLION in mortgages, primarily RMBS in covered Trusts insured by derivatives.
No loss exposure for the ABS creator other than to replace the failed mortgages. The losses are covered by the insurance contracts right!
Currently as of 2023;
$362 Trillion in Derivative Notables.
Yes the Swaps needs to pay up, or a $362 Trillion market place freezes up.
$362 Trillion is five times the total GDP for the Whole WORLD.
Real, you have my phone number.
Send me a text if you want to chat.
Ron
Set/Reset Hearings: Fairness Hearing set for 10/17/2024 at 11:00 AM before Judge Naomi Reice Buchwald. (Text entry; no document attached.)
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Ron
But, Still the Derivative Market Meltdown.
Wasn’t explained.
JPM didn’t have the money to cover Lehman’s closing of Lehman’s books mark to Market.
$17 Billion no payment as agreed on a daily practice.
ABS payments are paid on the the 15th of the month.
JPM didn’t have the money to cover their derivatives contracts exposure.
So very few people understand the Derivative Market Meltdown of 2008.
It wasn’t the Mortgages. It was the CDS/CDO… that insured the mortgages in ABS like RMBS.
Ron
The Retained Earnings of $20.77 Billion.
Was placed into Treasury Notes.
Ron
The Government Didn’t Have the Money in 2008.
To bail JPM out.
That is why JPM needed WMB/WMBfsb cash.
$188 Billion in WMB deposits.
$50 Billion in WMBfsb deposits.
$40 Billion in cash at WMBfsb.
$278 Billion in cash infusion into JPM in one day.
JPM had $900 Billion in derivatives contracts to cover.
Hence;
The Credit Crisis of 2008.
Plus, JPM paid themselves for the WMB RMBS that JPM needed to cover.
Same for Bear Stearns.
JPM looks good due to WMB assets.
JPM now/then;
$225/$26
8.65X increase.
JPM current Derivative Market Notables exposure is Trillions.
A derivative is a Naked Call option.
The writer of the contact doesn’t own the base assets.
Compound Fiat money.
Two years ago the Derivative Market was $362 Trillion in notables.
Five times the total GDP of the Whole plant!!!
Ron
When Did The Clock Start?
Settlement of the GSA? …
17% for 15 years.
41.6 Release for “Willful Misconduct” for RICO.
From RD’s posts. JPM has been doing a lot of capital raises for a long time.
Just thinking out loud.
😎
Ron
In The Big Picture, We Win.
Yes WHEN has me mad tooo.
The numbers are there.
WMI; $375 Billion in Assets.
WMI actually had basically few liabilities.
Real Liabilities;
Vendor Claims, Paid.
$3 Billion in Senior Notes, Paid!
CCB, Paid.
The Little Stuff, Paid.
Maybe $10 Billion in liabilities. All paid.
WMB Notes are Covered Notes by a factor of 2X. (asset backed).
TPS were asset backed. JPM paid the ~$4 Billion back to WMI for the Exchange Event.
The RMBS are backed up by definition.
WMB had the mortgages ready to cover all defaulting mortgages.
Series R is covered by a factor.
Series K, maybe not backed by a asset pool, but will be generously filled. DCR/RE.
Ron
Struck a Cord, Just Like Denke!
Remember Quake, Quake?
He gave us the coordinates for a WMI Gold mine across the Columbia River at Entiat. Just south of the agricultural land. About the second ravine down.
I have been on 97A many times.
Earthquake Point.
https://www.hmdb.org/m.asp?m=129261
Ron
Wenatchee, Wenatchee!!
There is Gold in them Hills.
? C/B 15B = 62,5% ?
? C/B 125 million = 62,5 % (look above) ?
C/B; ? WMB Notes?
17%? How?
Not saying no, just asking how,why?
Let’s have a real discussion regarding this topic.
Please!
As I said;
DCR/RE is a positive number of $20.77 Billion.
And I still have a unanswered question regarding TPS.
Only DCR/RE can satisfy TPS claims.
No other mechanism available.
Ron
My Post Was Not About When.
Not when.
I do numbers.
Others make believe about knowing when
SOON…..??!?!?
Dead shares from COOP?????
The Math Doesn’t Work!
In the numbers the when question maybe answered because my question must be answered.
The FDIC/Court didn’t tell us.
The money is there.
PROVEN.
You forgot to answer my question.
Checkmate,
Ron
Please See PDF12/22.
Retained Earnings;
Note forth column from the left.
$20,770,849,000(in thousands).
The Heading is;
DISTRIBUTIONS;
Distribution to the liquidation trust/DCR.
$20,770,849,000 with no parentheses (not a loss).
The parentheses around the Preferred and Commons in the same column is because they are an obligation to the LT/DCR to pay.
DCR/RE is the source for this payment.
Yes; 75/25% Class 19/Class 22.
How come no one wants to answer my question regarding the TPS Class 19 claim?
Ron
Yes BOBBYEA, I have Posted the Links.
The links are no longer available.
Please go way back in my posting history on BP. Maybe even Yahoo MB.
Ron
Let AZ ANSWER.
Why do you need to run interference?
If AZ can sequence the documents, than he should have a number!
I got my numbers from the sequenced documents I read.
I have already found errors in AZ’s exaggerated reading of the “sequenced documents”.
$50 for 60 days for example!!!!
AZ; What’s Your Numbers?
JB, because you butted in;
What’s your numbers?
WMB?
RE?
Performance Payments?
Unaccounted for assets?
…
What is your Savior’s Numbers?
The Great Sequencer of the Documents.
And why?
JB; can you answer the question;
How is the TPS going to be paid?
I have given you the background for my numbers.
You?
Ron
Admit It AZ. You Can’t Do Numbers.
You criticize others numbers, but offer no numbers yourself.
Maybe that’s best.
Sorry but you have proven that you can even do an interest rate conversion.
Yes indeed; WMI sued the FDIC for $307.2 Billion. The DC Dual Track.
Ruled; JPM is to pay Full Book Value for WMB and it’s assets.
The FDIC;
$299 Billion for WMB and it’s Assets.
Their numbers, not mine!!!
Yes Retained Earnings from the February MOR.
How is the TPS doing to be paid?
Checkmate!
2.5-2.7X face value from the DCR/RE.
2.2X more for Series R in Performance Payments.
None of these numbers are of my creation.
The second number I needed came from you to calculate the Performance Payment accumulation.
Yes, $43 Billion in un-accounted for non-BK assets.
I haven’t inflated any numbers.
Then we have 41.6 Release for Project West.
? What’s Your Number?
Ron
The Dr. A Presentation.
Dr. A Presentation of WMB’s valuation is based on revenue generation of WMB only. The valuation doesn’t account for the assets held by WMB, like WMBfsb, SafeHarbor holding, Mineral Rights, and other assets.
WMI sued the FDIC for $307.2 Billion.
$7.9-&8 Billion came back to the Estate.
Now $299 Billion according to the FDIC.
WMI knows what they owned!!!
Ron
Still No Answer.
Proven By a Question.
How is the TPS of Class 19 getting paid?
as I said;
Checkmate!!!
Ron
The GSA was created before Plan 6.
The GSA is part of the approved Plan just like the Plan 6 LT.
LG; your argument failed.
As did your argument Pick.
Agreements agreed to in the BK process live on through the process.
Checkmate again!!!
Ron
Class 19 Is The Responsibly of WMI.
Not JPM or any other party.
Checkmate
Ron
During The Plan 6 Hearings!
The Equity Community requested control of the Plan 6 LT. That request was granted by the Court.
Yes AAOC created a Plan 6 LT to hold the FDIC Receivership Claims for WMB and more from Classes 19-22.
• $43 Billion in non-accounted assets of WMI.
• Safe Harbor Assets
• Assets of the 363-365 Sales which became the RE split 75/25%. The end of 75/25%.
BK is all about Contract Law and Property Rights.
You don’t get other peoples property!
Yes the EC killed Plan 6, but the EC took control of the created AAOC LT of Plan 6.
The Assets are in the Plan 6 LT.
The GSA was created before Plan 6. The GSA is part of the approved Plan just like the Plan 6 LT.
LG; your argument failed.
Ron
Proven By a Question.
How is the TPS of Class 19 getting paid?
There is only one source for payment that the Court could agree to.
The money needed to be presented to the Court as sufficient to satisfy Class 19’s claims before Class 22 could be part of the Plan.
The Equity Community Presentation proved to the Court that $25 Billion was available from the 363 Sales, Plan 6 arguments.
Yes the EC took control of the Plan 6 LT as requested. DOCUMENTED.
The funds were placed into Treasury Notes.
Because the money was safe to satisfy Class 19’s claims, APR was removed so Class 22 could participate in the NewCo shares distribution.
The DCR/RE of the February MOR have nothing to do with the Plan7 Litigation Trust.
The February MOR is all about paying the Creditors of Plan 7, except page 10. The Table showing the Retained Earnings that never became listed in the Plan 7 LT column (far right-side column).
The Table on Page 10 is the only place in the document that mentions the RE because the RE doesn’t have anything to do with the Creditors of Plan 7.
Just standard accounting methods.
As I have said, EC took control of the Plan 6 LT as requested!
I know why no one wants to answer the question.
Checkmate.
Please read my past messages;
https://investorshub.advfn.com/boards/profile.aspx?user=631267
Ron
Correct BTS; It’s All About the IRS W-9.
A Tax document.
No W-9, No Distributions from anyone.
Ron
Interesting Post by the Snake.
LIBOR.
“v. Bank of America Corp. et al.,” from;
Please see 4101 and 4102;
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
‘et al’ means all of the other Defenses in the FDIC case which includes JPM.
Defendant’s are listed alphabetically.
DCR/RE of currently $25-$27 Billion, 75/25%
I understand the February MOR Retained Earnings.
Again;
How is the TPS Class 19 claim being paid?
I have proven the discussion.
Ron
Raggi65, Same Question!
How is the TPS Class 19 claim being paid?
Ron
Unaccounted For Assets.
There are $43 Billion in unaccounted for Assets of WMI.
Now probably worth much more.
$375-299-33= $43 Billion
Yes WMIH-1 subs are functioning.
WMI Citation.
H. S. Home Loan.
…
DST?
Chad and Doreen managed investment funds?
IMO;
The FDIC has a Lien on all of the assets until the WMB Receivership is closed.
Ron
Only The Debtor WMI Can Satisfy Class 19.
Class 22 cannot become a beneficiary of the Estate without proving to the Court that Class 22 has satisfied Class 19’s claims.
Class 22 did with the February MOR Retained Earnings of $20.78 Billion. Now worth ~$25-$27 Billion.
75/25%.
Class 19 consists of Series R, Series K, and the TPS. All members of the Class must be satisfied in the same way.
>>>AZ’s faulty statement regarding my post;
“~ "Class 19' IS NOT' An Obligation of the WMI Holding Company's 2012' Reorganization" ~”
????
That is not what I said!!!!
>WMI the Debtor< not WMIH!!!??
Double check my posts.
I have asked the question;
How are the TPS getting paid?
No response from anyone.
All Class 19 must be paid in full.
The Equity Community did better than that.
I have posted my numbers.
AZ;
I have challenged you, or anyone for an answer.
How are the TPS getting paid?
Same for the rest of the Class 19.
Is Class 19 going to be paid?
Skunked? Not paid?
Can’t be.!!
Where is the money coming from to satisfy Class 19’s claim?
A MB is about debating the topics and answering questions.
Ron
But WMIH-1 Suffered the Losses.
Therefore WMIH-1 gets the NOLS from the assets I listed.
NationStar investors don’t get our property.
Ron
Class 19 Is A Obligation Of WMI BK.
No other outside source can satisfy that obligation to Class 19.
No; not even JPM!!!
The answer has been presented.
Ron