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Thackeray Holdings LLC’s / Bridge
LG, whoa, completely ‘out of the box’ code for resolution lol
April 8th 2024 Eclipse
AZ feels Triple plus one X is going to appear soon
And Pliss , Picky and co needing JPM newly expanded wealth management services to handle all their hard earned $$
Seems stars, Sun, Moon all are aligning
How about 'COOP"?...Definitely this would have been the Coup of the Century IF they Hid all of them Assets from the "Prying Hands" of JPMC & escaping the diabolic machinations of Demon Puppet XFDIC Boszo....
Really??? Like Who? I am not the biggest holder but I got enough...And no one contacted me...I don't want to speak for them but there are BIG holders here and none of them seem to have been contacted either....
LG
YEPPERS they did and we OR AT LEAST YOU AND I always WONDERED why they came up with such terms!!!!!!!!!!!!!!
WAND ECLIPSE and I even thin there was another one.
Now we both agree this is a STRETCH to say the least but, there is SOMETHING as we have said for years on end, THAT IS THE TRIGGER maybe just maybe this is it "" ECLIPSE""
ALSO wasn't there another one we QUESTIONS FOR YEARS AS WELL????????????
They gave us WAND and ECLIPSE but like you I think there was another one as well
WHAT WAS THE OTHER ONE anybody remember after all these years
The WaMu Planners Had Fun Coming Up With The Terms Wand & Eclipse During Project, "Hide The Sausage" Program
***Thanks to BBANBOB for the helpful thought process***
1) We know these terms mean something and they thought long and hard about them
2) I believe there was a third term the Planners used but I cannot remember what it is
3) Now, how would one feel if we were able to connect a meaning with one of the terms leading to the date of the distribution process. The Planners would have known it would be well over ten years before the distribution took place
4) So, how about Eclipse meaning the time frame for distributions
5) The next Eclipse is once every 20 years which has been well known for years is on April 8, 2024 and the following Eclipse will be year 2044
6) So, the Planners would have known twelve to fifteen years ago that the next Eclipse would be in year 2024 so could this term Eclipse be a secret code for the distribution timeline
7) Lets face it, the Planners did use two code words in their filings and we all know they have real and distinct meaning or they would not be in the court filings
...
As another poster from BP pointed out it looks to be boilerplate language. And, the other poster from BP provided an excerpt of this similar language used by the FDIC for Advanta Bank.
Pg. 10
"SECTION IV: Waiver of Dividends and Proceeds from Litigation
To the extent, if any, that Settling Defendants are or were shareholders of the Bank or its holding company and by virtue thereof are or may be entitled to, but have not yet received, a dividend, payment , or other distribution upon resolution of the receivershjp of the Bank or proceeds in any litigation that has been or could be brought against the Federal Deposit Insurance Corporation in any capacity or against the United States based on or arising out of, in whole or in part, the closing of the Bank, or any alleged acts or omissions by the Federal Deposit Insurance Corporation in any capacity, the United States government, or any agency or department of the United States government in connection with the Bank, its conservatorship, or receivership, Settling Defendants hereby knowingly assign to the FDIC-R, upon the effective date of the releases in Section III, any and all rights, titles, and interest in and to any and aJI such dividends, payments, or other distributions, or proceeds."
https://www.fdic.gov/foia/plsa/ut-advantabankcorp.pdf
To those that signed releases and actually have Beneficial Interests in WMI, this should warm your heart. To those that didn't release or sold out, My heart bleeds for you.
SECTION III: Waiver of Dividends and Proceeds from Litigation
To the extent, if any, that Gateway is or was a shareholder of WaMu or its holding company and by virtue thereof is or may be entitled to a dividend,
payment or other distribution upon resolution of the receivership of WaMu
or proceeds in any litigation that has been or could be brought against the
Federal Deposit Insurance Corporation in any capacity or against the
United States based on or arising out of, in whole or in part, the closing
of WaMu, or any alleged acts or omissions by the Federal Deposit Insurance
Corporation in any capacity, the United States government or any agency or
department of the United States government in connection with Wamu,
its conservatorship, or receivership, Gateway hereby knowingly assigns
to the FDIR-R any and all rights, titles, and interest in and to any and all
such dividends, payments or other distributions, or proceeds.
https://www.fdic.gov/foia/plsa/10015-wamu-gatewayfirst-2022.pdf
It is not difficult at all to convince ChatGPT that it is wrong. The fact that it can be done is testament that something strange is going on behind the scenes.
IMHO they had the RIGHT TO KEEP whatever was given them but if shown not to be an asset of WMB, they had to pay book value for all they kept.
The wording BOOK VALUE concerned me way back and I told all that could hurt bad. KMARTS building had been depreciated down to ZERO on the books, but their actual value was 16 plus bill $$$$$$$$$$$$$$$$$$$$$$$.
SO I imagine the headquarters probably had been depreciated to a pittance of what is was worth so JPM took it
ChatGPT says this:
"When JPMorgan Chase acquired Washington Mutual's banking operations in 2008, it did not acquire the physical headquarters itself. However, as part of the acquisition, JPMorgan Chase gained control over various assets and liabilities of Washington Mutual, including certain real estate holdings. This likely included leases, properties, and other assets related to Washington Mutual's operations, but not necessarily the physical headquarters building.
After the acquisition, JPMorgan Chase would have had the authority to make decisions regarding the disposition of assets acquired from Washington Mutual, including any real estate holdings. This could have included selling properties, terminating leases, or making other strategic decisions to optimize its newly acquired assets.
So, while JPMorgan Chase did not acquire the Washington Mutual Headquarters directly in the transaction, it likely gained control over certain assets that allowed it to make decisions regarding the sale or management of properties previously owned by Washington Mutual, including its headquarters."
........so, my understanding here, is that, even though JPM didn't acquire it directly and physically, they were given authorization to do with it what they pleased. Looks like another situation where an entity is allowed to sell that which it does not own. I hope this is not the case. (I don't put all my stock in ChatGPT, either. I just wanted to share what I found there.) GLTA
PTi
BB, you are correct but Sheila Bair tried to convince Congress to let her go back in time and change the rules so she could legally seize all assets but was totally denied.
Trying to do something retroactive would destroy the legal process as it would not mean anything, however the law was changed in year 2012 to allow FDIC to seize the entire holding companies of To-Big-To-Fail banks.
Yes, they must pay book value for all assets of the holding company and this is clearly stated in Amended POR 7 signed by the court on February 23, 2012.
…
BB, you are correct but Sheila Bair tried to convince Congress to let her go back in time and change the rules so she could legally seize all assets but was totally denied.
Trying to do something retroactive would destroy the legal process as it would not mean anything, however the law was changed in year 2012 to allow FDIC to seize the entire holding companies of To-Big-To-Fail banks.
…
I’m of the understanding that the headquarters building, works of fine art, aviation assets, mineral rights etc. all belonged to the holding company Washington Mutual (WMI) and not Washington Mutual Bank (WMB). Therefore, in my opinion, those assets should not have been seized. I could be wrong; it has been a long time. Maybe someone else can chime in to help out.
JPM acquired all of WMB’s assets, including its HQ etc
https://www.sec.gov/Archives/edgar/data/19617/000119312508201638/dex992.htm
Been flat or down a few times but again the real tell LOL is gonna be from our all time high period,we got up there for a reason and I believe it was to short it
Who can answer ? Thanks
//
BigBang
Re: BBANBOB post# 724983
Tuesday, March 26, 2024 8:36:19 AM
Post# of 725040
Then how is it possible that JPMC was able to sell off Washington Mutual’s headquarter building, works of art, aviation assets, etc?
Yep...they have sure been holding this thing tight here..
JHD
WHY
PREFERRED EQUITY and COMMON EQUITY takes care of the need for of a cusip for all three, THE TPS P's K's
WHAT prefrd equity DID WAMU have that they are talking about?????????? TPS P's K's
Contrary to your narrative which is directly related to your thought process, my opinion does have value. Some much so that you responded. Gezzzzzz!! RLMAO. That ego, working overtime.
you HAVE NO OPINION SO THERE IS NOTHING OF VALUE TO YOUR POSTS!!!!!!!!......why are you here if you do not expect a return???.... you said that you care less about the assets of WAMU and related stuff.... whats the point of posting....? YOU WILL GET NOTHING FROM WMIH IF YOU WAIT FOR ETERNITY.....the chapter 11 is closed 12 years ago......Lodas
Yes, guidance was given in the last earnings call
From: https://www.fool.com/earnings/call-transcripts/2024/02/09/mr-cooper-group-coop-q4-2023-earnings-call-transcr/
COOP can be $95+ OVERNIGHT when NEWS about the successful MONETIZATION of their subsidiary XOME hit the wires IMO...
This is a long planned strategic initiative as the BOD confirmed in the last earnings call...
I care not about the existence or non existence of WAMU assets and even less about your narrative regarding the aforementioned! Just LMAO that one’s ego is so big that his/her opinion is valued as much by others as his/her own.
HOLDING COMPANY WAS NOT TOUCHED SUNSHINE !!!!!!!!!!!!! FACTS ARE FACTS !!!!!!!!!!!
Q1 ends in a few days, has COOP given any guidance for earnings?
the values that you held in WAMU, and WMI ceased to exist when the chapter 11 was ratified by all claimants to the agreement.. WMI abandoned its ownership of all outstanding stock in WAMU..you are not a shareholder in WAMU anymore, nor do you have any rights to assets of WMI....WMI retains Title to all assets outside the chapter 11 closing, and BELONG TO THE REORGANIZED DEBTOR.... this fact is clearly stated in the amended POR 7 which you did not read..... now, MAKE YOUR CASE WHY YOU WILL BE PAID MONEY OUTSIDE THE CHAPTER 11 CLOSING!!!!!!!!...state clearly your assertions with documentation that will refute what the official documents say.... in addition, submit a rebuttal to the statement that Rosen said in the WMIL-T FAQ that WMI held no SAFE HARBOR ASSETS, and that they were all sold off to the GSE's.... Lodas
LATEST COOP short-interest today AFTER 4:00 p.m. ET
https://www.nasdaq.com/market-activity/stocks/coop/short-interest
Boris,
So you know of escrow marker holders that have been contacted by wealth mangers concerning their upcoming payments for their markers? I haven't seen anyone say that but hope it's true. Is there a link to someone saying this?
Regards
Excellent logical Point!
"(If ? our returns were to be so easily ratio divided by the wrongfully promoted, 75/25' nonsense, then only ONE Cusip would have been used' ."
That is why you should own both…
JPM : $196 ish
COOP : $76 ish
JPM : COOP Ratio : 2.5 ish
COOP’s volume has dried up. Less than 63,000 shares traded so far and it’s 1.:24 PM EST.
But the saddest part of your post, is that you are responding to a Spam Advertisement!!!! WOW.
MRPENNYS
Sad part is, ifin we get anywhere NEAR the amounts that have been discussed here, ALLLLLLLLLLLLLL HERE WILL BE POTENTIAL TARGETS
And, IF IF IF there is any kind of $$$ coming back to the estate, it will ALL go to impaired Class 18, and there will be nothing left for 19 and above.
If anyone on this board feels that this is unfair and unreasonable, you should file a claim with the FDIC:
FDIC as Receiver of Washington Mutual Bank
1601 Bryan Street, Suite 1410
Dallas, TX 75201-3479
Attention: Claims Agent
(888) 206-4662
WAMU and WMI does not exist anymore....shares were cancelled, extinguished, and all rights of preferred shares under the prospectus were deemed null and void...JPM did not want the unsecured debt, those went to the FDIC and is holding them for the 14 billion dollar deficit in the balance sheet of WAMU...Rosen said WMI held no Safe Harbor assets...this fact is borne out in the 2013 WMIH 10-K SEC document... there will be no additional recovery for common and preferred classes 19, and 22, as they were deemed "impaired" by the chapter 11 closing document... all escrow "markers" were deleted by WMIH when it exited chapter 11 as being "worthless"... now , make your case why you will be given added recovery... sunshine.... Lodas
AND ""IF LEFT ON IT'S OWN to move forward with NO FORWARD SPLITS will be 500 in time, aprox 10 yrs"" imho
I remember you saying that BOB... well done!!!!... time for us to take another leg up here.
AIMHO, STRIKE
I never doubted as the company has been OVER BUILT from day one.
I said once we exited BK that we would be 50-150 in 5 yrs
BOB... the trajectory of COOP has been truly amazing... I've done well so far here but really wish I loaded the boat of course. I remember when I added in the low $30's and wondered how much more this would truly go... SMH... LOL
AIMHO, STRIKE
Strike
As you and all here know, I HAVE NEVER DOUBTED what COOP will be
""A HUGE MEGA MULTINATIONAL FINANCIAL CONGLOMERATE"", with a VERY VERY WEALTHY GRANDFATHER able to make it so
Roger that BOB... I agree Coburn WAS a man to be respected and trusted (before his demise)... it's the many corrupt slugs that he and others dealt with day in and day out that worry me. I never close a door but let others do that (burn the bridge)... looking back to my first attendance in DE and fast forward to now just boggles my mind. To say it would be nice for an eventual positive outcome here is an understatement.
Each of my careers has required me to work in an environment of irrefutable evidence... as you have said for so long... this is going to either be a hero or zero. I prefer the hero... LOL
For now, COOP and a few other holdings of mine are the tell.
AIMHO, STRIKE
STRIKE
Remember one thing
Senator Tom Coburns call to me
""THIS WAMU THING ISN'T OVER BY A LONG SHOT and it will be taken care of""
He was a very honorable man and one of the FEW in DC I respected and trusted
$COOP price targets====>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76
For those of us wondering why things take SOOOOO long... Mastercard just settled their swipe fee lawsuit that stemmed from a class action lawsuit back to 2005!!!! Amazing how some can drag things out without any repercussions for that length of time... not always what you know, but who you know.
AIMHO, STRIKE
Then how is it possible that JPMC was able to sell off Washington Mutual’s headquarter building, works of art, aviation assets, etc?
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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
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