Mr Cooper Group Inc (COOP)

[AZCowboy]

~ LOL', Yepperini, It Is Up To Me ! ! ... Isn't It ? ... I don't have any questions ... None' ... ~

"Well, it is up to you"

... LOL' ...

just sayin' :) :) :)

AZ

[KeyKey]

@AZCowboy: You would be taken much more serious without writing words like "Cactus" "LOL'" etc etc .. Is it really important for you to communicate on that level ?? It is really difficult to understand and follow you .. Well, it is up to you, but with just reading the sentences, I would trust lodas much more ..

[jhdf51]

Mid summer soon? Fall soon?

JHD

[AZCowboy]

~ Well' ... WMIH / "COOP" Has Already Made This ol' Cactus Cowboy ! ! Quite Happy ~

... don't quite get any thoughts related to a ... "Pig In Poop" though' ... ? ... But the source consideration' explains that ! ! LOL' ...

the 2018 Acquired Sub, now symbol "COOP"s pps ride up from the single digits, allowing for the recovery of ALL WaMu expenditures for anyone and everyone to take advantage of ?, ... worked out quite well ... Thanks ! ! ... including what was (cowboy) spent on the WMB Bond DIRECT PURCHASES', after the Holding Company's Reorganization and before "Globic" settled, showing the included cusips' ... rock on' ... those Directly Owned WMB Bonds are saweeeeeeet ! !

Now ?, ol' cactus is just waiting around for the completion with everything "now freebies" ... COOP' / released P's, K's, and WMI Common Share uq's ... and the WMB Bonds' ... it should be soon' ... (XXXX) is comin'

"Abba Da Ayy" ... and those that have "Pigs In Poop" ? on their mind ? ... well, good luck with all that, SMH' ... wow ! ! LOL' ... LOL' LOL

just sayin'

AZ

[KeyKey]

@mufa: Ok, let us assume that lodas didn't release .. ok ..
But would this really be a reason to post here ongoing .. day by day ?
And again: Where does lodas have all this knowledge from ??
Still wondering.
Well, I am not a native english speaker .. ok ..
But also when I would be a native speaker, it would not understand all the things which are written in the court documents ..
You need to be familiar with this business also when lodas will not agree.
So who is lodas ? Is it an US-finance lawyer ?? And how old is he really ?
We probably can still just guess .. But something seems to be strange ..
Anyhow .. We should find out the next months .. or LG is right and it needs further time till Jamie retires .. So one extension after another after another after another .. And lodas just insists on his documents and nothing else beyond .. strange strange strange .. so he might know more but he will not tell .. so again the question to @lodas .. do you have another source than just reading information from documents ?? Did you speak to somebody from FDIC or whoever ? And again: Are you a lawyer ? Which profession do you have ? Thanks

[BBANBOB]

I'll be as happy as a pig rolling in poop

Didn't say I WOULD ROLL IN POOP

This is the whole problem with what is being discussed, PEOPLE DO NOT READ WHAT IS WRITTEN, THEY interpret it THE WAY THAT THEY WANT TO SEE IT or read it

[xoom]

Please ask somebody to make a video when you do this, and post it on Instagram and YouTube
I can guarantee that you will make millions with just the number of views for that video

so if 4.6 X's face comes back to P's and face to K's I'll be as happy as a pig rolling in poop

[BBANBOB]

I have always told RON and AZ that we agree on the important things, there is money left to come back here and all will be just time no matter how it ends up.
But I also say that we are gonna have to agree to DISAGREE on just how it comes back and who ends up with the bulk of the estate.
Again if 13%(12.7) of face comes back here, I am made whole plus some bank, so if 4.6 X's face comes back to P's and face to K's I'll be as happy as a pig rolling in poop and even with the few commons I have if if if they get the bulk I'll be happy as well..............................Gonna be real hard imho for me not to count this as the best ROI I have ever pulled on a large scale, SO HURT ME

But I just don't see how DA BOYZ would have negotiated themselves into a subordinate position to commons, just doesn't make sense to me.

[xoom]

Not taking sides, but I think what Ron is trying to say is that :
* There is a kids line with lots of goodies (class 22)
* There is a grownup line (class 19) with limited goodies ( too much goodies not good for grownups)

Bop asked UW’s to go stand in the kids line as kids are more flexible , but UW’s said they don’t see it that way, as they don’t consider themselves as kids, so they prefer the grownup line, class 19.

[BBANBOB]

Goodie

"" they SNUCK into the P line"" hehehehe with a little additional help by not putting the stipulation on the JUDGES DESK for her review, OH and that was the only stipulation out of 49 that DID NOT MAKE IT TO HER DESK FOR REVIEW, HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

One then needs to ask themselves WHY THEY DIDN'T JUST stay in CLASS 22 if CLASS 22 is gonna inherit the bulk of the ESTATE and CLASS 19 will only get a fixed payout rate...

I'm SOrry but you can't tell me the UW's lawyers would have missed such a BOBVIOUS choice as it has been suggested here, ALSO they had almost a whole additional yr TO CHOSE where they WANTED TO BE and to STUDY the plan .

One then would have to ASS/U/ME that their lawyers missed such a BOBVIOUS choice since some little ol message board LEGAL EAGLES have been able to see it.

It just make no sense to me that they would have missed something that is supposedly SO OBVIOUS to some


COMMON SENSE AND LOGIC USE THEM THEY WORK

[goodietime]

"the UW's had the opportunity to move to the only dilution allowable CLASS which was class 22. WHERE THEY were ONLY SUPPOSED TO BE PLACED IN THE FIRST PLACE "

That is the way I understand it also. BUT, for 'some reason', they SNUCK into the P line.

[BBANBOB]

Mufa

""they can go and sue for fraud .""

WHAT FRAUD ??????? the POR /GSA was done the way it was as a COVER YOUR REAR TYPE THING imho.
They told all up front the payout matrix (CYA) and they told all you either elect to participate or you do not(CYA)
Now sure they can sue because of anything but they would not win.
If they went into court imho the judge would make quick work of them by simply asking, were you informed of the payout matrix and that if you did not elect to participate that you would get nothing, their answer would have to be YES I WAS BUT, the Judge would then say there is no but and case dismissed. imho

[BBANBOB]

RON
IF ALICE had the right to offer or not, the UW's had the opportunity to move to the only dilution allowable CLASS which was class 22. WHERE THEY were ONLY SUPPOSED TO BE PLACED IN THE FIRST PLACE

""Alice made up the Class 22 offer to the Underwriter’s.""

You do NOT know this statement to be FACT at all, so looks like you may be making things up don't it

[mufa]

KeyKey, he is nobody! He did not released, that s it. Many of them have hope we won t get pay, and when the door is closed, they can go and sue for fraud .

[KeyKey]

@lodas: And how does it come that you know all these things in detail ??
I am from Europe and I have not read the documents or just superficial.
Why ? I am working in another profession and I am far away from understanding all the US -law and -finance topics. But I still do not understand your intention and your role here. Sometimes I'm thinking if you are an insider who wants to prevent us from spending too much money which we might not get from our dreams. But how can I find out, if you are an insider or not ??
I am pretty sure that you have or you had a job in relation to US -law or -finance (e.g. as a lawyer). Otherwise you wouldn't have the knowledge.
However, if you are not an insider and if you are just referring to documents without looking beyond them, then I still can further dream-on about the chance that former shareholders will get further distributions somewhen.
When will you be in the age of 90 years ??
Still thinking who you really are .. I can not imagine that Brian Rosen would write here daily But who are you ????

[lodas]

Large Green.....there is a misconception about the term change in control that gives old shareholders the estate....such is not the case for the following reason......a change in control is more about the use of the Tax Nols granted to WMIH in connection with the settlement of the GSA, whereby, a change in 5% of the shares in WMIH would cause the IRS to deny WMIH the benefits of the use of the NOLS.... why?... anyone with a large tax obligation to the IRS could buy ownership of WMIH and use the tax benefit illegally to circumvent his taxes owed to the IRS...so, although there is an ownership change in the company through 5% of the O/S does not imply shareholders "own the estate through a chapter 11 restructuring".......Lodas

[Nightdaytrader]

4/2/2024 Notice of Termination of Receiverships

A Notice by the Federal Deposit Insurance Corporation on 04/08/2024

Federal Deposit Insurance Corporation

Document Statistics
Document page views are updated periodically throughout the day and are cumulative counts for this document. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day.

as of 04/06/2024 at 10:15 pm EDT

Published Document
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.

Notice of Termination of Receiverships
Fund Receivership name City State Termination date
10029 Bank of Clark County Vancouver WA 04/01/2024
10048 Omni National Bank Atlanta GA 04/01/2024
10538 Almena State Bank Almena KS 04/01/2024

The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on April 3, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024-07371 Filed 4-5-24; 8:45 am]

BILLING CODE 6714-01-P

https://www.federalregister.gov/documents/2024/04/08/2024-07371/notice-of-termination-of-receiverships

[tzebedee]

Bb, why do you continue to argue this? It is what it is. Right? Either way ,it is what it is.

[Large Green]

Exactly, yes, the APR was a vital part to this otherwise commons would have been canceled in their entirety and the Waterfall would have stopped with Preferred

Also do not forget the important fact concerning Preferred is they were NOT reduced with the Reverse Split or previous reduction. So, as we speak, there are still ten million Preferred authorized and shelf-ready for immediate use unlike the 300M common authorized shares




…

[ron_66271]

No BBob, That’s 100% Fiction.

Alice made up the Class 22 offer to the Underwriter’s.
Alice had no right or standing to even make the offer. There was no structure for the UW to receive a Class 22 claim.
The goal was to force a renegotiation of the Plan. The Court, WMILT, and the UW were not going back to renegotiate the Plan. The WMILT paid for the UW’s expenses.

The Court, by hearing Alice has able to shut her down.

Class 19 redemption is in the Retained Earnings and in the accumulation of performance payments for the Series R.

Series R;
~2.5X + ~2.1X = ~4.6X.

Series K;
~2.5X.

TPS;
~2.5X.

75/25% stops at the Retained Earnings of the February MOR.

Class 19 doesn’t get Class 22’s properly!



Ron

[DarkB4Dawn]

changing pants... LMFAO... STOP it!!!!

[goodietime]

Excellent post LG!

I would like to add one fact:
The Prospectuses (Preferred and Common) followed the Absolute Priority Rule (APR). The affected parties came to an agreement to adopt a new payout matrix (75%/25%). In order to implement the new payout matrix the Prospectuses needed to be voided.

[BBANBOB]

AZ

curious why NO COMMENT ON THIS VERY IMPORTANT FACT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

""
"""6) The UWs challenged Alice for almost three years fighting her to STAY OUT of CLASS 22 for a reason as the UW's lawyer advised Alice they did not want class 22 because they do NOT SEE the case the way she does....this should tell one all they need to know about value BECAUSE the UWs could have selected class 22 as late as the year of 2020""



THINGS THAT MAKE ME GO HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

AND TWICE

HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

Crickets I am sure since it is really hard to dispute this and several other FACTS AINT IT

OR YOU CAN ASS/U/ME that the UW's and all of their lawyers are just IGNORANT LACKEYS, but ya can't since they WERE AND ARE THE BEST OF THE BEST

[jhdf51]

When this hits $150 I might part with a few...I would love to see a forward split.

JHD

[PickStocks]

What are you so angry about….that you followed cactus’s advice and bought in single digits and at or below 50.00…..sold……coop is the tell and I am not ashamed of buying and selling coop….right now look for it to go higher……

[BBANBOB]

LG

"""6) The UWs challenged Alice for almost three years fighting her to STAY OUT of CLASS 22 for a reason as the UW's lawyer advised Alice they did not want class 22 because they do NOT SEE the case the way she does....this should tell one all they need to know about value BECAUSE the UWs could have selected class 22 as late as the year of 2020""


This bullet point alone SHOULD SHOW all where were the value is OR AT LEAST WHERE THEY PERCEIVED IT TO BE

ANd ifin it had been discovered like some here thinK they have discovered WHY DID THEY NOT JUMP AT THE CHANGE to get into class 22???????????????????

Not to insult any here but anyone that thinks they are sharper and smarter than the CLASS of LAWYERS that the UW's had at their beckon call, SORRY but they are sadly mistaken

THINK !!!!!!!!!!!!!!!!!! COMMON SENSE AND LOGIC USE THEM THEY WORK

[BigBang]

mb' reporting of same* [I assume XXXX] has stopped for obvious reasons

Can you at least explain to us what those “obvious” reasons are?

[AZCowboy]

~💩💩💩 ... 💩... "COOP" merely the symbol being used for the 2018 Acquired Sub Grouping ~

... TOOOOOOOOOOOOOOOOO Funny DarkBFour' ... there's a couple of "yurds" for lil' mstr' to roll round' on'

... "mr infatuation" ... still laughing' ... Thanks' LOL

Have A Great Day

just sayin'

AZ

[Large Green]

Serafino1, greetings. I hope you are doing well. You wrote the following post and I would like to point out some very important facts that change the outcome of the WaMu bankruptcy cases.

____________________________________________

Greetings folks, I had a peek in the room, to see if there is anything new about 04.04, but I see nothing about it.
Our opinion on the 75/25% is as follows, WMIH was not part of the WMB insolvency, .
As I have read and re-read the arguments and information from RON and AZC several times. , it also seems to me logical to think, that the 75/25 has no termination regarding the values of the WMIH which SHOULD NOT HAVE BEEN SEQUESTRY.
I think both RON and AZC are right, also because in any seizure or insolvency, the assets if any, belong by law always to the owners, ALWAYS.
This skein with so many knots, the knots are coming to the boil.
Only then can we be sure of knowing how they plotted
scheming to save the JPMC institution, stealing a large bank on Thursday all under the clear sky, this happens in imperial nations, but never in a free and democratic nation hiding it under the cloak of national security.
JPMC was already insolvent
Seraphim1 sends greetings with me.

____________________________________________

1) The common shareholder ALWAYS owns a publicly traded company UNLESS that company files a bankruptcy case which happened. There were two cases filed which means the Creditors ARE IN CHARGE. This also means there is usually a negotiated settlement. There were two months of closed-door Mediation ordered by Bankruptcy Judge Mary Walrath

2) The Creditors were found (COLORED) which is the same as guilty when Judge Walrath held in her court a trial for Insider Trading and this would have been upheld by ANY court in the USA per Walrath

3) On March 19, 2012, which was the (ED) Effective Date of the case, there was an (OC) Ownership Change which changed the ownership of not only the bk cases but the ownership of whatever assets there were whether inside the bk cases or Safe Harbor protected again going back to the ED which completely changed the ownership of assets to those who signed timely releases by the first part of March of year 2012

4) The ED date of 3/19/2012 also cancels ALL Preferred and Common Prospectuses ALONG with ALL associated documents otherwise, there would be dual ownership of assets which could never happen in a Delaware bk case

5) The (UW) Underwriters who performed the very work that WaMu required knew where all of the assets were, their value when they would be ripe and they were also given an ENTIRE year LONGER to RELEASE than all of the rest of the investors for REASON

6) The UWs challenged Alice for almost three years fighting her to STAY OUT of CLSS 22 for a reason as the UW's lawyer advised Alice they did not want class 22 because they do NOT SEE the case the way she does....this should tell one all they need to know about value BECAUSE the UWs could have selected class 22 as late as the year of 2020

7) Also from the ED of March 19, 2012, there were ten million sheld-ready and authorized PREFERRED shares approved to be issued on a minute's notice when ready, and these shares were NEVER diluted or (RS) Reverse Split even in October of the year 2018 when the 12-1 RS happened. The Players will issue these shares at some point soon as they would have never been authorized on the ED, would NOT have avoided the RS in 10/2018, and CERTAINLY would not be on the books CURRENTLY if they were of no use when they could have been deleted numerous times by now

8) Serafino1, so obviously, I and others do NOT agree with who owns the assets if those in opposition claim the assets are owned by class 22 due to the previous facts. So to me and others, the ONLY fact that makes sense is the fact that 75/25 applies not ONLY in the bk cases but also to the ownership rights that would carry on through to any potential Safe Harbor assets or not otherwise, there would be dual ownership rights of assets that could NEVER happen in Delaware bk cases

Thank you and take care


...

[suzuki1a]

Now IROTF! “The Baiting Game!” It’s definitely easy to bait some people! Actually it too easy to bait some people, which makes for even more laughter.

[DarkB4Dawn]

Then you are in the right place! I like laughing too.

Its like a spin off of an old TV show hosted by Jim Lange sometimes...

I call it " The Baiting Game".

[DarkB4Dawn]

Tell the truth? Want to walk this post back Mr. Infatuation... 40+ bagger OK... If he dropped a turd emoji you would jump on it and roll around on it like a dog on a dead bird.... So sad.

PickStocks post# 725275

"I am a legacy holder of wamu…..I for one do not care about the pity you spread….i for one bought many wamu shares even after the Wamu P’s drop to 10.00 and sold in high 60.00’s….and bought back end with P’s and U’s. Then I sold again after WMIH at 1.50 and doubled my shares at .49. And sold again at 2.50 and bought back in at 1.00…..sold it all at 15.00….then bought back in at 5.00……and held and kept buying as it continues to grow…I for one did not sell when it 50.00 and continue to see coop rising…."

SMH

[intuitive3]

Many thanks to the Board posters that have consistently added to the readers/investors knowledge/understanding over the years regarding their investment in Coop and WMIH! I personally am grateful!

[suzuki1a]

And yet, more humor! I actually side with Lodas and his belief of no more returns. What I do not side with is his constant attempt to change the other side’s beliefs because of one’s own belief. In the beginning and after receiving the initial shares, I hoped for more, unfortunately, for some, like myself, that’s a human character flaw. Do I still have a little hope? Yeah, but it’s very, very, very little. Gezzz, just let ‘em believe what they want to believe, or keep posting, I love to laugh!

[lodas]

when making "important decisions" there is always a Plan B option with smart executives.... so where was the BOD of WAMU, who represented shareholders, when Kerry turned down the 8 dollar offer for WAMU, "warts and all", meaning Jamie was going to take the liabilities of 299 billion in subprime loans made by Long Beach Mortgage company, and the expanded banking systems WAMU embarked upon in some of the eastern cities which ultimately failed?????????.....the BOD should have thought of the ugly side of Receivership and bankruptcy which would have surely followed...WAMU was already bleeding losses on the balance sheets, and layoffs, and downsizing of offices...Leman, IndyMac, and some other big banks declared bankruptcy before the 2008 financial crisis had started... so where was the BOD of WAMU, and what was their PLAN B????...they were asleep, and had none is the answer... the FDIC and Paulson was already advising Killinger to seek a partner as WAMU was failing...make no mistake about your financial losses.. they fall squarely on Killinger and the BOD who failed to foresee the ensuing 2008 financial disaster that was unfolding because of the crap they were doing, and incidentally, were paid well to do this crap, as well as the government banking regulators who allowed them to do this sh*t....

[PickStocks]

Yes…there is no 75/25….just like there has never been a distribution for special P’s…..also why not just say XXXX is it has already revealed….yet you want to dangle a correct in front of your flock to keep them in line for you to be relevant……tell the truth…..

[jhdf51]

Yes and hey, I am admiring the adventures of Gilligan, but believe that to be about as real
as me paying Bellerophon to ride Pegasus for the day.

JHD

[lodas]

all of you here waiting for a payout of more money is a result of Killinger not accepting the 8 dollar per share offer for WAMU ... shareholders could have saved 15 years of anguish of waiting for nothing, and wasted lifetimes...the preferreds would have gotten the regular dividends, Bondholders secured investments would have been protected, and over 16 billion in depositors funds would never had sustained a "run" by withdrawals... jobs would never been lost, suicides, family breakups would never had happened, and so forth of all the bad stuff receivership, and bankruptcy brings...b3 posted Killinger made millions as CEO, as well as the BOD to run WAMU in the dirt by subprime posting, and THEY NEVER APOLOGIZED TO ANYONE NOR SERVED JAIL TIME, OR SUED FOR DISGORGEMENT!!!!!!...sadly, Jamie was in a superior position than Killinger when he made the 8 dollar offer...this is the "fortunes of war" in financial matters when someone screws up, as Killinger did...by not taking the 8 dollar offer, Killinger consigned all of you , and the rest of the shareholders with equity value losses and years of misery which will never end....just think.... had WAMU been absorbed by JPM, you would have suffered no loss in monetary value except the name of a once proud company called WAMU.. such are the vagaries of bad decisions....I am not the bad guy here, Killinger was by being arrogant when he told Jamie to F.O......your prior values in WAMU now show up on the balance sheet of JPM and not in your brokerage accounts... too sad, that Killinger did not accepted the offer of 8 dollars per share.... Lodas

[suzuki1a]

I harbor no anger towards anyone. For me, on the days I log in here, I experience laughter from both perspectives, lots of laughter.! I even find your response most entertaining.

[AZCowboy]

~ There Is "NO" 75/25 Beyond The Holding Company wmi-lt's (Plan 7) Directives ... Now ?, with the wmi-lt "Completed and Closed" (direct from a personal friend ! !, and the Docs' ) ... Any 75/25 Split of ANY Financial Resources Are GONE' ... Past Tense ! ! ... period ~

... turn the page people' ... "it is what it is"

Original Released P's ... continue to be aligned with the WMIH Preferred Managing Sub ... SEC researchable pre BK and Post, Cash In / Cash Out, ... soon to be 10-K recognized AGAIN'

Original Released Common Share wamuq's ... continue as the Original Owners of the Entire WaMu Estate ... well beyond the Reorganized Holding Company

... and Yes, ... as a WMB Bond Direct Owner, that followed ALL of the Guidelines, ... Yes, semi-annual returns have continued, from the Wells Fargo Trustee ... the WMB Bonds are active and functioning, and are and continue to be serviced by a Sub of (XXXX) ... however, the (ol' cactus) mb' reporting of same* has stopped for obvious reasons ... the world is a bit larger than this "arena" LOL ... and, koolaid flavored coffee, can, and has caused dizziness' ... LOL ...

"Abba Da Ayy"

just sayin'

AZ

[BBANBOB]

JHD

""And you are saying no 75/25?""

I believe that YES he is stating that there is no 75/25

I only have 3 problems with that

1. It was REQUIRED AND negotiated and court approved 75/25
2. THE COMPANY came out in an 8K to confirm the 75/25 to QUELL MESSAGE BOARD MISINFORMATION about it and state the payout MATRIX is as follows 75% to PREFERRED EQUITY and 25% to common equity on any and all returns.

3. Then they issued a PR stating the same..........

SO IF IT has/had NOTHING to do with the ongoing plan what so ever, WHY WOULD THEY TAKE THE TIME TO DISPEL mis information on a message board THEY BOBVIOUSLY WERE MONITORING

COMMON SENSE and LOGIC USE THEM THEY WORK

HAs anyone taken ALICE'S advice and taken the matrix payout part of the plan to a LAWYER and had an opinion letter written on it??????????? SKEERT ????????????????????

NOPEY THEY AINT as far as I know

[jhdf51]

So what is your opinion on the likelihood of escrow paying off by summer? And you are saying no 75/25?

Best to you

JHD

[serafino1]

Greetings folks, I had a peek in the room, to see if there is anything new about 04.04, but I see nothing about it.
Our opinion on the 75/25% is as follows, WMIH was not part of the WMB insolvency, .
As I have read and re-read the arguments and information from RON and AZC several times. , it also seems to me logical to think, that the 75/25 has no termination regarding the values of the WMIH which SHOULD NOT HAVE BEEN SEQUESTRY.
I think both RON and AZC are right, also because in any seizure or insolvency, the assets if any, belong by law always to the owners, ALWAYS.
This skein with so many knots, the knots are coming to the boil.
Only then can we be sure of knowing how they plotted
scheming to save the JPMC institution, stealing a large bank on Thursday all under the clear sky, this happens in imperial nations, but never in a free and democratic nation hiding it under the cloak of national security.
JPMC was already insolvent
Seraphim1 sends greetings with me.

[b3]

You are taking out your anger on the wrong people. Lodas is posting very good documentation, and is asking real questions. Instead of trashing fellow Investorshub COOP posters, why not start attacking the ones who are really responsible for your loss.
Try contacting Killinger, Rosen, JPM, FDIC, Congress, Judge Walrath, and all the other crooks who stole WAMU shareholder value.

[suzuki1a]

Killengers ego? Now that, “ego,” is something you’re most familiar with! Gezzzzz!

[Ray_137]

Ok, whatever discovery if this means anything. If and when we see funny money.

[lodas]

A rearward look at what might have happened if Kerry Killinger was more worried about his shareholders than his ego when he rejected JPM's 8 dollar per share bid for WAMU.......
(1)....JPM was prepared to acquire all of WAMU, liabilities as well from the 299 billion in HELOC loans made against the accumulated equity of shareholders retained earnings of 24 billion dollars, as was handed to the bankruptcy court.......as it was, when Killinger refused the offer, the FDIC took over the liabilities of WAMU when the bank "run" ensued, and WAMU went into receivership... thus, shareholders 24 billion in Retained earnings was "wiped out" due to Kerry's malfeasance for which he was highly paid for..
(2) over a billion dollars in costs for restructuring paid to A/M. lawyers, accountants, and vendors, job losses, real estate assets, losses of some of the best savings and loan institutions. etc, all charged to shareholders losses of retained earnings.
(3)..at the time before the 8 dollar offer was spurned by Killinger, WAMU stock was about 5 dollars per share, and JPM was about 55 dollars per share give, or take, so about 11 shares of WAMU equaled 1 share of JPM...now, in 2024, JPM shares sells for about 200 dollars per share, which is a multiple of about 4... so the value of WAMU shareholders existing shares would now be worth about 8x 4, or 32 dollars per share, and all preferreds would have gotten their interest payments, as well as Bondholders....
(4) ... remember, when Killinger refused the offer and the FDIC took WAMU to receivership, Jamie got the banks and related assets, and did not take the liabilities of the banks... Jamie took the "good stuff" and wrote the rest off to negative goodwill and ended up paying only 1.89 billion for the banking assets....the liabilities of 299 billion in HELOC loans made by Long Beach Mortgage that were written against rising home equity when values skyrocketed during the financial crisis is the housing market ....when the housing market hit the bottom in 2010, foreclosures were rampant during the great recession....all of this crap went to the FDIC , and much of it went worthless when there was the run of 16 billion dollars in savings deposits backing these HELOC loans...
(5) finally, Killinger could not have known in 2008 when the FDIC took WAMU in receivership, that in 2010, the great recession would occur...this is why he was arrogant in not accepting JPM offer... had he been wise, and foreseen what Jamie saw, he would have been a winner, and stuck Jamie with the mortgage loan losses...this was the reason Jamie made an 8 dollar offer for WAMU... even at that, Jamie was prepared to absorb the liabilities of WAMU's 299 billion of chicken sh$t loans.... Killinger should have accepted the offer and would today be a hero...Lodas

[PickStocks]

Yes!!!!! Any minute we will see the cash rolling in!!!!! 2x or more value!!!!

[MikeylikesitToo]

I've been thinking that for years!

[UpTickMeA$AP]

Yeah man!! I see the light!

I was never invested into wamu before it went bankrupt, and wiped out shareholders. So nothing to sign...

I sure wish I could have been apart of this with you and hold escrows! You sure are lucky!

Congratulations!

Next week, you will be rich, and I'll just be the same... No need to donate, I'll be ok. I've got my dog blue, and a couple gallons of shine.

Cheers!