Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Pick AZ has already given you the name of XXXX or The big dog. You have to put two of his posts together over the last couple of weeks to figure it out but it’s there. Now what is the important issue we all need to work on is how the monies from all these MBSs, WMIH assets, etc reaches our personal brokerage accounts!
Semper Fi
Why not just tell everyone who XXXX is and why there is only one sub NationStar….watch what happens….you yourself may not know yourself….just throwing out XXXX to gain relevance……just give everyone your input of who XXXX is and why NationStar is relevant……watch what happens
HERE WE GO AGAIN with ""I KNOW SOMETHING YOU DON'T KNOW"" and for what purpose or gain?? LMAOROTF
"""""""""is the rest of the proof is revealed in Docket # xxxx as well as docket # xxxx """"""""...
TRUE COLORS EVENTUALLY ALWAYS SHOW
But is totally ridiculous imho
~ Keep Up The Good Work, You Make Me Proud of You ! ! ~
the Proof and the original Chapter 11 Docket Filings, have now all come together within an elaborate initiated process' ...
the continuing of the WMB Bonds to function, ... The continuation of the WMI / WMIH Preferred Managing Sub, ... the Separated Capital Trust', etc ... and the need for the Reorganized Washington Mutual Holding Company, to eventually "Acquire" a loan servicing mechanism ... obviously now, NationStar and its Sub group "Acquired" back in 2018' ...
Have A Great Day
just sayin'
AZ
So you are suggesting 2 separate subservicers. Nationnstar servicing old Wmih mbs and other assets and Coop a subserviver of everything new? Both of which are owned by Wmih, with the parent company of xxxx? That could explain, i think, where our distributions might be released from.
~ John, (Yes, answering John) ... So, now with COOP as an acquired loan servicing sub grouping (in 2018), the FDIC can and will be able to complete the seized WMB's sale to JPMC. WMI's producing sub's were intertwined with producing Trusts embedded within WMB. (the WMB Bonds, reveal the process) ... ~
early on in the Chpt 11 (Oct 2008), M Goldstein and B Rosen filed to include the WMI' (separate) producing subs into the WMI Holding Company's BK (Filed as Docket # xxxx) ... Judge Walrath "denied" that motion, and specified that those Subs would continue to function, separated from the WMI Holding Company's Chapter 11 filing and eventual reorganization in 2012' ...
... I believe that M Willingham and his financial backer, Venerable, also saw this happening back in 2008' at the same time that ol' cactus did ! ! ... (he' approached Joyce to be able to represent equity') ... now due to the Judges actions, the subs have continued to function throughout' ... pre and post WMI's BK ... now with the acquired sub grouping NationStar as the servicer, reporting as a corporate registrant only' ... NationStar Mortgage LLC being reported by an SEC allowed registrant for the entire corporate structure is hilarious LOL ...
the Preferred Managing Sub, cash in and cash out ... also PROVES this' as its SEC trackable pre and post BK submissions ... as a sub of WMI and then of WMIH ...
the specifically settled GSA was between WMI and the FDIC only', (JPM was allowed to be an intervenor only', but never needed to take any action) ... is the rest of the proof is revealed in Docket # xxxx as well as docket # xxxx ...
just sayin'
AZ
COOP BOD wants to "...COMPOUND tangible BOOK VALUE at a DOUBLE-DIGIT PACE"
The COOP BOD said at the 4Q'24 earnings call on Feb. 9, 2024:
But we will work diligently to compound tangible book value at a double-digit pace which for us is an exciting prospect.
Who or what is your XXXX?
AZ where do you believe the securities will be coming from? The big dog XXXX(Thank you), the middle dog WMIH, the little dog COOP or something new. It may be premature but I’m tracking some new Cuspids coming soon some paying 10%. That wound be sweet!
No battle has ever been won with defeatism, let alone a war!
Those of the "losers" who continue to fight, even though they supposedly have nothing left to win, do so for their descendants so that they can one day live as free as possible from the poison of lies, some of them for more than 100 years. The supposed "winners" hate this and they bait the rebellious "losers" with all kinds of enticements from their oh-so-great world of "winners", such as the oh-so-great options trading or other breadcrumbs. "Look how great our world is, you can even fight with your brothers for a few breadcrumbs as long as you leave our cake alone. Then you'll be a winner too", hissed the snake ...
GoGooooooCOOP!😁
Newflow we all know you are on point but it just doesn't fit some ones agenda... They are on IGGY since I know they bring nothing to the discussion. Let me guess the nothing coming back right,hahahahaha to them they are correct, to those that did buy shares, sign releases will get paid. Simple... Ch 11 kids, on going concern... hahahhahaaha
Have a great day!!!
EXO
When was this statement made, 12 or 14 years ago?
What happened to the equity committee or the neutral party investigation since?
You need help. Please get some
Why bother about equity committee's stand?
Now, it's my position, Your Honor,
18 that the examiner doesn't need to do much with the retained
19 assets other than say the assets are retained and therefore the
20 liquidating trust can go ahead and pursue them. They will
21 still be there; they can be carried through. But I understand
22 that the equity committee is very interested in having a
23 neutral third party do an investigation of those retained
24 assets.
Mr.FOLSE's comments and the rest THE TRAIL ALONG MR.FOLSE's AND MR.ROSEN's COMMENTS
Mr.FOLSE & Mr.ROSEN UNDER OATH FACTS
Mr.Rosen & Mr.Folse 2010-2011 Connecting Dots
JULY 2010 Mr.Rosen in court
Now, it's my position, Your Honor,
18 that the examiner doesn't need to do much with the retained
19 assets other than say the assets are retained and therefore the
20 liquidating trust can go ahead and pursue them. They will
21 still be there; they can be carried through. But I understand
22 that the equity committee is very interested in having a
23 neutral third party do an investigation of those retained
24 assets.
Page 71
http://www.sidedraught.com/stocks/WashingtonMutual/Transcripts/2010%20July%2020/08-12229-20100720.pdf
MARCH 2011 MR.ROSEN IN COURT
THE COURT:what about the value of the nondebtor entities?
8 MR. ROSEN: All of that is already reflected by way of
9 the dividends that flow up to the debtors' estate. All of that
10 is in the opening balance sheet of the liquidating trust. If
11 somebody wants a breakdown of that, Your Honor, we will go
12 through the brain damage to do that, and we will include it.
13 It doesn't matter. The number is already there. But if they
14 want the breakdown, so be it, Your Honor. It doesn't matter.
15 We will include it.
16 THE COURT: All right.
Page 141
http://www.sidedraught.com/stocks/WashingtonMutual/Transcripts/2011%20March%2021/Hearing%20transcript%2008-12229-20110321.PDF
--------------------------
OPENING BALANCE SHEET IN FEB MOR 2012 FILED IN APRIL 2012
1. "Stakeholders were issued beneficial interests in the WMI Liquidating Trust in exchange for their unpaid claims against or equity interests in the Debtors (“Liquidating Trust Interests” or “LTI’s”). "
2. "The following chart summarizes distributions to creditors and equity interest holders in both the Initial Distribution and as represented by the transfer to the WMI Liquidating Trust."
"and as represented by the TRANSFER to the LIQUIDATING TRUST"
https://www.sec.gov/Archives/edgar/data/933136/000090951812000138/mm03-2712_8ke991.htm
What did they "TRANSFER"?.
CHECK DISTRIBUTIONS TO LT/DCR EFFECTIVE DATE.
----------------------------------------
OCTOBER 6.2011
Mr.Folse's Estate Recovery argument in the court
"
And frankly,
Your Honor, it would imprudent for the estate to do so relying
on the speculative ability to go out and recover up to thirty
billion dollars or more in money paid out to someone at
somewhere down the road."
------------------------------------
DISCLOSURE STATEMENT
"The use of a liquidating trust structure is common to reorganization cases where assets unassociated with the reorganizing debtor are distributed to a liquidating trust to be liquidated for the benefit of creditors and/or equity holders."
"UNASSOCIATED WITH REORG DEBTOR"
From WMI Disclosure Statement
https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/jg02-2712_8ke22.htm
PAGE 16
----------------------------------------
FYI - DELAWARECOUNSELGROUP TRANSACTIONS MAY BE RELATED OR NOT.I AM NOT SURE BUT FYI...
"Issuance of a legal opinion as required by the SEC in order for a Delaware statutory trust, which manages assets in excess of USD 20 billion, to issue shares of a new trust series"
https://delawarecounselgroup.com/noteworthy-transactionsengagements/
Newflow has no valid question to ask, because if he had read the amended POR 7 document, it expressly state the answer to his question ... he is fishing on the message board in the hope of someone will corroborate his assertions... here is the answer to his question.... WMI disclosed both mandatory assets required by the court, and non mandatory assets not required by the courts.... to wit from the actual document.... WMI held 7 trusts , involved in the reinsurance of mortgages that were not required to be stated to the court, but they included them anyway because the assets were an integral part in funding the WMIL-T to pay creditors to close the bankruptcy, and also the funds in the 7 trusts were used to value the 200 million shares given to equity holders , as part of the chapter 11 closure...so, here we have WMI stating that non mandatory trust fund disclosure was used as part of the chapter 11 closing....This was all explained in the links to the documents that I have been posting for months now, but newflow does not read any documents, he just asks the same questions trying to game answers from any nitwit that will engage him.... YOU DID NOT READ THE DOCUMENTS EITHER... I can tell by your ignorance of the subject matter.... Lodas
Wow, great wall of angry text, that doesn't address the question at all.
you just dont read or understand the documents!!!!!!....the Amended POR 7 states that WMI declared ALL ASSETS WERE DECLARED... both those that were required to be presented to the bankruptcy court, and those that did not be required to disclosed......for gods sake man , read the fu*cn documents and quit with your B.S, asking questions no one expecting money can answer, because they dont read the documents either.... the chapter 11 closed, and was signed by the judge 12 years ago!!!!!!!!!!!!!!.... if you got a problem with that, THEN GET AN ATTORNEY AND REOPEN THE CHAPTER 11...WMI liquidated 7 subs of WMMRC and placed the funds in the WMIL-T for disbursement to creditors.... there is no hidden money that was with held from equity holders.... Read the 2013 WMIH 10-K, it IS A FORENSIC ACCOUNTING OF ALL RESIDUAL ASSETS OF WMIH POST CLOSING OF THE CHAPTER 11, done by independent accountants who signed their names under the penalty of perjury, and issued to the SEC....you still got a problem with that?... then get an attorney, and dont labor this message board with your Bull sh*t......the documents read 12 years ago that equity holders were paid and nothing else is forthcoming... end of story........Lodas
WHY DID THEY HIDE RESTATED & AMENDED LT AGREEMENT IF THERE WERE NO ASSETS TO ADMINISTER?.
Key... these FDIC words "Bankruptcy Case
After WMI filed the Bankruptcy Case, WMI, JPMC, the FDIC in its corporate capacity (“FDIC-C”), and the Receiver became involved in several lawsuits contesting the ownership of over $20 billion in assets.
The parties reached a settlement in the Bankruptcy Case that was approved by the FDIC's Board of Directors on May 20, 2010, and WMI filed a plan of reorganization incorporating the terms of the settlement ("WMI Bankruptcy Settlement"). Several parties objected to WMI's proposed plan, in particular, WMI's proposal to release its claims against JPMC, FDIC-C, and the Receiver. At the request of WMI's equity holders, the Bankruptcy Court appointed an examiner to thoroughly investigate WMI's claims against JPMC, FDIC-C, and the Receiver, and determine whether the proposed settlement (which would release these claims) was fair and equitable to WMI. The examiner found that the WMI Bankruptcy Settlement was a fair resolution."
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html
START FROM THERE WITH ATLEAST THEY HAD $20 BILLION IN ASSETS AND ITS UNDER OATH THE PARTIES TALKED ABOUT.
Strike...why do you think, Mr.Nelson asked THJMW at minimum Equity should take the control of the Liquidating Trust once the settlement funds are distributed to claims holders?. Jan 2020 class 18claims and all classes above were satisfied and two former executives were appointed as administrators of the estates. Charles Edward Smith and Doreen Logan are fiduciaries of WMI Liquidating Trust estates.
IMO, they issued LTIs for class 19 and class 22 in a Book-Entry form(Which is very important to know about) and transferred those in 2018 (may be to WAMU 1031 EXCHANGE DE) and closed the cases and release a PR that they won't file MORs and SEC filings any more.Meanwhile, two former executives of WMI created a company called Paladin Acquisitions Corporation in DE and TX.They raised capital using sec form-D, in the second one they mentioned that they raised money in anticipation of a merger,acquisition..etc.
White and Case or Fox Rothschild, dont remember exactly but they mentioned that EC received value which was never heard of in the world of bankruptcy.
FDIC Receivership is open, other cases have been ongoing such a LIBOR.
ALL THESE ARE FACTS.ITS NOT EASY TO GET THERE TO SWIM THRU THE WHALES AND SHARKS.LETS SEE.
So?.They asked W-9 to receive anything from WMILT and WMILT is still in liquidation or transformation.
Pick....
C’mon cactus states it is all happening soon……..big rewards……how can he be wrong…..lol
Because he has been saying this for years and nothing has materialized. Not sure why he continues to play this game with the people on this board. He won't tell the name of the so called owner but use XXXX to refer to this info. Why is it such a secret? There must be some emotional high he gets from this which is pretty sick. Good, normal, decent people don't do things like this. STRIKEEAGLE's post (which was excellent) was an expression of how I and probably many who reads this board feels.
BTS... I hear ya... and I appreciate the information coming out of all 4 corners here... but, and I hate to be a broken record... but after all this time, one has to believe that if monies were coming back to equity, some sort of verifiable evidence would have surfaced... by now.
I would be more than happy to eat my words... but I have not seen any evidence, real evidence that equity has been earmarked for any payment or payments. Early on, I believed the "evidence" would surface and be presented by someone... some are still waiting for that evidence and believe it is forthcoming... $5 B, $10B... $100B... RICO... FDIC-R... LIBOR... Escrows...
All I know is that I have made some descent coin off of my COOP investment... and I am glad for that.
AIMHO, STRIKE
Agree completely!...And BTW, I am also NOT a Basher...But over the years, after hoping year after year..And hearing 'one court Hearing' after 'another'...we are all pretty "Numb"....Weren't we told in that Court Hearing that BOP "Forced upon the BK Court' and upon D'Hon'ble Judge MJW and that Snake'n Brian Rosen that the BK was getting 'CLOSED' in 2020? Yes, By the D'Hon'ble Judge Herself...What a Lie! There is so much "Corruption" by the DE BK Court-UST-FED-FDIC-JPM & Their Hedgie Buddies in this Case! Now we have the LIBOR...I won't fault BTS for his Enthusiastic Posts...that's why I am willing to wait till that 4/14/2024 Date before which he says a "LIBOR" "Settlement" could happen...Fingers Crossed...EVEN IF that "LIBOR Settlement" happens by 4/14/2024, there is no evidence anywhere that any of those 'LIBOR Money recoveries" that FDIC gets will be 'forwarded' to COOP or WaMu 'Escrows'...As it is FDIC is very corrupt, aswe all know very well by now...They may just take that money and put it to 'Plug' the Huge BKs that are on the Horizon for the Regional Banks...The same way that FHFA/UST have been stealing FnF'sShareholders $100s of Billions of $$$monies with the NWS (Net Worth "Swipe"), for the last 10 years and counting now...
Cactus could be into that……
You are a good man!!!
Roger that TRI... possible?... for some yes. The belief that Team Susman was going to bring the spoils home to equity never panned out. Looking back when I attended numerous court hearings in DE... the "irrefutable evidence" that equity was due monies never surfaced. If Justin Nelson really had proof that $30 billion was earmarked for equity... it would have been documented with a filing of irrefutable evidence, which never was filed, for whatever reason. I guess the hysteria of the hearings and all that went with it just fueled the thought that "justice will prevail". Well, it's clear that it has not... I have said many times, I do not believe we have been privy to the whole story. When I saw the full pages after full pages of redactions I figured it had to be more than just "names and addresses"... I could be wrong... but I doubt it.
I do know the government is corrupt...BIG TIME. The takedown of Washington Mutual was a sham and S show in my mind. Oh well... And so many still have hope... I released and the rest is history. I released... end of story for me. Not even a Lincoln penny... LOL. Hopefully COOP is still the tell and we will see more meaningful appreciation in our share price. One final note... my escrows, markers or whatever the F they were... went up in smoke. That was a sham too. Going through the trouble to read those ridiculous releases, sign them and mail them in time... a sham.
AIMHO, STRIKE
Maybe that's from here he gets his "High"...hopes...LOL...
Roger that PICK... ol Cactus... never wrong... SMH. And such a help to this board... ridiculous.
Sub of a.... and all of the other BS.
AIMHO, STRIKE
"All would love to hear at least what his opinion is on who XXXX is and rightfully so as many have been here LONG before he showed up."
So Funny you said the above...And THEN He showed up on the other board too..tsk. tsk..that other BIG Bank Holding company that went BK (or was also 'forced' into BK, courtesy of 'surprise' - Hanky Panky Paulyson)..Anyways, there also same 'Self Important -High Horse' attitude of how he is 'buying up' all the CTs he could get...when the truth is, they were hardly trading anymore by that time...And I had amassed my Massive position long ago BEFORE that 'Effective Date' and immediately after that date... but After that year, pretty much they went missing. you could hardly buy them anymore - all four flavors...Anyways, he posts these Bossy posts of his 'expertise' in 'amassing' his "Puny" portion of those CTs...and 'unsolicited' Musings about them...
Hmmm...Are you talking to somebody?...OR Talking to yourself? There is another guy that posts 'Cryptic' here that always talks to 'himself' ...all the time...Really getting concerned about his health nowadays...
Exactly...Keeping it Honest...But the funny part is : ...... "Jump"...And folks here asking "How High"? So Funny...
Regarding "pro escrow" posts.
Well its like buying a stock! Do you know that the stock you bought has guaranteed success to go up in value. Of course not! Cmon man. Your argument makes Zero sense that being pro escrow is some sort of abomination that needs to be maligned, attacked and deleted.
If someone posts a pro escrow post, and you dont believe their DD, theory, or viewpoint, then just put them on ignore! Boom. Done. Why attack them?
I am very close to done here. 90% of my posts get deleted because I am positive on escrows. Its been nice communicating with some of you here. But the mod selection here is baffling and driving me out...which I guess is what they wanted all along.
Few will even get to read this post. It will be quickly deleted.
To LG, xoom, AZ, Ron, and those trying to educate and inform I wish you all well. While nothing in this fiasco is certain, I think we have a decent chance especially with Libor. Best of luck to you guys.
Sounds like a porn site.
How about ‘XXXX’ is just a figment of someone’s imagination!
Here’s my theory. In early days of the BK, various and perhaps numerous individuals were tasked by ‘someone’ to spin up hope and theories of something happening soon or at some point when soon did not happen. Why? Quite simply, to prevent any real action or get real facts. Keep ‘em believing (placated) and everyone does nothing, since there is no reason to of course, it is surely a matter of when not if…If the theory is true, just genius and cost next to nothing to pull off in comparison to the $ at stake. This has perpetuated all this time and creating many believers who will not let go ever. Possible?
C’mon cactus states it is all happening soon……..big rewards……how can he be wrong…..lol
If its in another year.
Hey hey hey they are legends in there own mind LOL
"VOTING AND ELECTION DEADLINE: 5:00 P.M. (Pacific Time) on February 9, 2012."- page 3
Are you getting back in…
Your point?
Tax forms must be sent to your Voting Nominee, along with the completed Beneficial Holder Ballot.
In order to be eligible to receive a distribution from the Liquidating Trust, you must provide the requested
tax information in a timely manner so as not to forfeit your distribution. See Plan §§ 28.14(c), 29.13(c).
https://www.fidelity.com/misc/wamu/WAMU-Class-19-Beneficial-Ballot-93934W-AA-3.pdf
Tax forms must be sent to your Voting Nominee, along with the completed Beneficial Holder Ballot.
In order to be eligible to receive a distribution from the Liquidating Trust, you must provide the requested
tax information in a timely manner so as not to forfeit your distribution. See Plan §§ 28.14(c), 29.13(c).
https://www.fidelity.com/misc/wamu/WAMU-Class-19-Beneficial-Ballot-93934W-AA-3.pdf
Accounting number $125,157,168,784
Planned well ahead of time.
Don’t think anybody would count four $1 bills to finish the deal !!!
We should have the shareholders meeting coming soon…..could the pps break 80.00 by then
👉LATEST $COOP price targets===>DEUTSCHE BANK:$88, Piper Sandler:$88, UBS:$86, Wedbush:$85, KBW:$81, Barclays:$80, Compass Point:$76
Just tell everyone who XXXX is and watch what happens next…..you claim to be your followers savior……just tell them who XXXX is if you know…..I think that is what it comes down to….do you know or are you just dangling out there to be relevant….you are not bound by an nda…..just tell them and watch what happens…..
BTS... like I said... all comments are welcome... what is exhausting is reading endless posts claiming monies are coming back... WITHOUT ANY IRREFUTABLE evidence.
Sorta like that girl in high school that keeps saying you are going to make it to home plate and yet, you have not even gotten close to 1st base. She may be a 10... but that does not mean you will ever get onto 1st base plate... let alone score a home run. At some point, the repeated claims that "I'm gonna get laid" have to stop... in light of no irrefutable evidence to the contrary.
Hope is great... it's what drives many of us in certain directions... but I'd like to see the first Lincoln penny now.... and I mean, NOW.
AIMHO, STRIKE
Roger that UP... it's beyond NUTS... where is the proof?... so far... it does not exist. After all this time, there is no evidence funds will be coming back to equity from ANY source at all... it's all been on hope (I've been there... done that)... which is fine, but after all these years... there is not one shred of verifiable and irrefutlattable evidence that monies are coming back... ever.
Some keep wondering why LODAS keeps pointing to the filings... I agree with him... show me the money... show me the filings that irrefutably support a future payment to equity... even a Lincoln penny.
Enough with "next month"... "soon"... "any day now"... LOL... STOP THE MADNESS.
And if any monies somehow come from FDIC-R or LIBOR... great... I am not holding my breath... again... WHERE IS THE IRREFUTABLE EVIDENCE THAT MONIES ARE COMING BACK... FROM ANY SOURCE... AT ALL?
AIMHO, STRIKE
Followers
|
1761
|
Posters
|
|
Posts (Today)
|
48
|
Posts (Total)
|
733168
|
Created
|
11/07/07
|
Type
|
Free
|
Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 Split T |
Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).
As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.
As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929. WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007. As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards. The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved. WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs). As the US economy slowed down, the number of home loan defaults began to rise in quick succession. This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them. In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.
By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier. Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board. In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC. Overnight the companies banking division was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |