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CONSERVE & PROTECT TO CARRY THROUGH A SPV LIKE WMILT
CONSERVE AND PROTECT ASSETS/RETAINED ASSETS LAWYERS TALKED ABOUT WHICH COULE BE CARRIED THROUGH WMILT PASS-THRU ENTITY? OFCOURSE WITH EQUITY COMMITTEE AND FDIC TOO, MOST PROBABLY JPM TOO.
in JULY 2010 in the court
We also have in there the part (b) of what is to be
14 retained, and that is because in negotiations that we had with
15 all of the settling parties, with the equity committee last
16 week, with the FDIC, we did talk a great deal about the concept
17 of the retained assets. 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.
-------------------------------------------------------------------------------------------------------------
IN 2011 Mr.Rosen IN THE COURT
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
-----------------------------------------------------------------------------------------------------------------------
In Oct 2011 Mr. Folse in the court about $30 Billion or more flowing back to estates down the road.
And frankly,
4 Your Honor, it would imprudent for the estate to do so relying
5 on the speculative ability to go out and recover up to thirty
6 billion dollars or more in money paid out to someone at
7 somewhere down the road.
----------------------------------------------------------------------------------------------------
In 2012 EC FAQ mentioned about sources of distributions and WMILT
Equity Committee explained potential sources of recovery and what is LT clearly in 2012 by releasing this FAQ and LT agreement also covered about Trustee's limitations on the ASSETS.
https://www.sbroker.de/pdf/Washington-Mutual-Chapter11.pdf
--------------------------------------------------------------------------------------------------------------------
In 2012 LT Agreement was executed with what Trustee can't touch
6.3 Limitations on Liquidating Trustee.
(a) The Liquidating Trustee shall, on behalf of the Liquidating Trust, hold the Liquidating Trust out as a trust in the process of liquidation and not as an investment company. The Liquidating Trustee shall be restricted to the liquidation of the Liquidating Trust Assets on behalf, and for the benefit, of the Liquidating Trust Beneficiaries and the distribution and application of Liquidating Trust Assets for the purposes set forth in, and the conservation and protection of the Liquidating Trust Assets and the administration thereof in accordance with, the provisions of this Trust Agreement, the Plan and the Confirmation Order.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
Page 22
Thats why Kosturos stepped out before administration started in JAN 2020
-------------------------------------------------------------------------------------------------------
IN 2012 "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[color=red][/color]."
https://www.sec.gov/Archives/edgar/data/933136/000090951812000138/mm03-2712_8ke991.htm
-------------------------------------------------------------------------------------------------------------------
IN 2019/2020 FINAL CLOSURE OF CH11
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm page 21
Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets.
------------------------------------------------------------------------------------------------------------------------------
IN 2020 after creditor claims were paid off.
WMILT restated and amended LT agreement was executed in Jan 2020 and Trustee was relieved after class 18 is satisfied.In Jan 2020, WMILT appointed Mr.Smith and Ms.Logan as administrators of WMI Liquidating Trust.WMILT restated and amended LT agreement was made between certain parties who are unknown yet.In DEC 2021 they cancelled WMILT.Meanwhile who knows what they did with the whole Enchilada?.May be one hot ticker with some good dividend pay is my wish.
The manipulation of LIBOR interest rates was not the cause of WAMU to fail...as a matter of interest, WAMU benefited by the bogus rates by getting more interest on loans , and MBS they sold to be packaged and sold to Freddie and Fannie than what the true value backing the loans were worth...how?....the FDIC backs the Liabilities of the banks that they insure, NOT THE ASSETS!!!!!....banks pay the FDIC premiums to insure the liability on their books to protect savers in case of failure, so that depositors do not lose money...if the liabilities of the banks were INFLATED BY BOGUS INTEREST RATES, THE LIABILITIES WERE OVERINSURED BY THE FDIC which did not get the added premiums from this overinsurance....this is why the FDIC instituted a lawsuit against those that set the LIBOR rates, and not the banks... the FDIC are the plaintifs in the lawsuit in the name of the banks.... my point?...the FDIC will keep any rewards from the lawsuit, and the banks, WAMU included, will get nada....Lodas
4/16/2024 - Notice to All Interested Parties of Intent To Terminate Receiverships
A Notice by the Federal Deposit Insurance Corporation on 04/16/2024
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.
Notice of Intent To Terminate Receiverships
Fund Receivership name City State Date of appointment of receiver
10334 Firstier Bank Louisville CO 01/28/2011
10463 Nova Bank Berwyn PA 10/26/2012
The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201. No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on April 11, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-08035 Filed 4-15-24; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2024/04/16/2024-08035/notice-to-all-interested-parties-of-intent-to-terminate-receiverships
Maybe but necessary to get the Big $$$ from the Dimon JPM
This Libor suit is going to break hearts, then it's on to the next heart breaking fantasy.
Rinse and repeat.
Going on two decades.
Truly amazing!
4/16/2024PROPOSED PROTECTIVE ORDER. Document filed by FDIC, as receiver, Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation.
04/12/2024***NOTICE TO COURT REGARDING PROPOSED ORDER. Document No. (4013 in 1:11-md-02262-NRB, 884 in 1:11-cv-02613-NRB) Proposed Order was reviewed and approved as to form. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB (Text entry; no document attached.)
Ron
Yes Ron, this could be us. This is the first I've seen the FDICR mentioned in these recent filings.
Let's see what the coming days bring. We are close to something. I don't see this getting dismissed.
No wonder Compass Point raised their evaluation of COOP to $95.00!
Powell Says It's Likely To Take Longer To Achieve Confidence Inflation Is Slowing
Citing a "lack of progress" toward reaching the central bank's inflation goal, Federal Reserve Chair Jerome Powell suggested that interest rates are likely to remain higher for longer.
WHY CONSERVE & PROTECT?
CONSERVE AND PROTECT ASSETS/RETAINED ASSETS LAWYERS TALKED ABOUT WHICH COULE BE CARRIED THROUGH WMILT PASS-THRU ENTITY? OFCOURSE WITH EQUITY COMMITTEE AND FDIC TOO, MOST PROBABLY JPM TOO.
in JULY 2010 in the court
We also have in there the part (b) of what is to be
14 retained, and that is because in negotiations that we had with
15 all of the settling parties, with the equity committee last
16 week, with the FDIC, we did talk a great deal about the concept
17 of the retained assets. 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.
In Oct 2011 Mr. Folse in the court about $30 Billion or more flowing back to estates down the road.
-------------------------------------------------------------------------------------------------------
And frankly,
4 Your Honor, it would imprudent for the estate to do so relying
5 on the speculative ability to go out and recover up to thirty
6 billion dollars or more in money paid out to someone at
7 somewhere down the road.
In 2012 EC FAQ mentioned about sources of distributions and WMILT
------------------------------------------------------------------
Equity Committee explained potential sources of recovery and what is LT clearly in 2012 by releasing this FAQ and LT agreement also covered about Trustee's limitations on the ASSETS.
https://www.sbroker.de/pdf/Washington-Mutual-Chapter11.pdf
In 2012 LT Agreement was executed with what Trustee can't touch
---------------------------------------------------------------
6.3 Limitations on Liquidating Trustee.
(a) The Liquidating Trustee shall, on behalf of the Liquidating Trust, hold the Liquidating Trust out as a trust in the process of liquidation and not as an investment company. The Liquidating Trustee shall be restricted to the liquidation of the Liquidating Trust Assets on behalf, and for the benefit, of the Liquidating Trust Beneficiaries and the distribution and application of Liquidating Trust Assets for the purposes set forth in, and the conservation and protection of the Liquidating Trust Assets and the administration thereof in accordance with, the provisions of this Trust Agreement, the Plan and the Confirmation Order.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
Page 22
IN 2012 "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."
https://www.sec.gov/Archives/edgar/data/933136/000090951812000138/mm03-2712_8ke991.htm
IN 2019/2020 FINAL CLOSURE OF CH11
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm page 21
Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets.
2020 after creditor claims were paid off.
-------------------------------------------
WMILT restated and amended LT agreement was executed in Jan 2020 and Trustee was relieved after class 18 is satisfied.In Jan 2020, WMILT appointed Mr.Smith and Ms.Logan as administrators of WMI Liquidating Trust.WMILT restated and amended LT agreement was made between certain parties who are unknown yet.In DEC 2021 they cancelled WMILT.Meanwhile who knows what they did with the whole Enchilada?.May be one hot ticker with some good dividend pay is my wish.
You are actually completely wrong!
1) I don't need to work anymore ...
2) When I invested in WAMU, Killinger no longer existed ...
.... so there must be others now who try to hide my money.
Think about why you preach for a hundred times that there is nothing left to get!
"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."
https://www.sec.gov/Archives/edgar/data/933136/000090951812000138/mm03-2712_8ke991.htm
Thanks LG for correcting me.
Newflow, here you go.
The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.
Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
...
newflow, this was NOT Rosie speaking it was a lawyer for Akim Gump making the equity statements and the EC can go after it later as it will still be there.
...
Like WAMU was one of the worst offenders. Learn something.
👉👉👉"...our STRATEGIC FOCUS is now SQUARELY on RETURN ON EQUITY..."
...said the COOP BOD at the last earnings call
See: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173821650
Well, if the scrap was sold, WAMU cannot have incurred any losses from it, at worst a small amount in servicing fees
the values that you once had in WAMU "junk sh*t" is gone, and now resides at the FDIC who is trying to "milk the values out of them" to pay back the 14 billion dollar loss on the balance sheet cause by the 16 billion dollar bank run backing them up....there will never be one cent returned to anyone holding common or preferred claims as they were cancelled, extinguished and all rights associated with payments attatched to them are Null and Void"... did you read the documents that accompanied the closing of the chapter 11?... these claims are impaired from further recovery... why are you waiting for money you will never get?.... go to court and sue WMIH if you think that you have a case of fraud... no amount of posting on a message board year after year will bring you money... and quit with the wise cracks and produce some evidence for your assertions with links from WMI, XXXX, WMIH, FDIC, or whomever that you expect this money to come from....so far, nada from you... Lodas
Uncle Sodas,
Here is a picture of cash flow
WAMU > Some Banks > Uncle Sodas, Picky etc
the following is what happened to your money when you bought preferred stock in WAMU......Killinger took your money and invested it with "crappy unsecured liar loans, HELOC loans, vacation loans, and all sorts of sh*t loans, sold them to GSE, and Barclays bank to package and sell this junk all over the world with the label of MBS, to greedy buyers looking for big returns ... Long Beach Mortgage was engaged in lending out sh*t with "liar loans to pedros coming across the border buying homes with bogus information on loan documents all the while WAMU was selling this sh*t to Freddie and Fannie, and getting money back to do it all over again and again....you want money after 15 years?... go get a job.and earn it if you can....... Lodas
👉👉👉Only 6 BUSINESS DAYS until COOP Q1 earnings on April 24 (pre-market)
See: https://www.businesswire.com/news/home/20240404446961/en/Mr.-Cooper-Group-Inc.-to-Discuss-First-Quarter-2024-Financial-Results-on-April-24-2024
I thought on it for a long time:
It almost looks like someone is part of the dark power that took over our money illegally. Now he definitely tries to convince us with all the strength that is available to him that our considerations are completely wrong. He probably knows all too well, or get this "facts" of third parties, to prevent us from finding out something in which he is involved for himself.
the Litigating arm of the WMIL-T was funded with 20 million dollars to conduct court cases to retrieve assets that WMI says were illegally taken from them...The LT only pursued the DEE shares that were supposed to be given to employees claims, which they did and won....subsequently, the GSA was being negotiated, and the work of the Litigating Trust was abandoned......in actuality, the LT was never zealous in pursuit of assets that Rosen claimed was there....Lodas
Hey Ray...i think you are on ignore.Thats ok, look below.
20 liquidating trust can go ahead and pursue them. They will
21 still be there; they can be carried through.
20: I think I heard Rozen saying our equity committee can go after retained assets, those assets are there. I think he did not say LIQUIDATING TRUST.
Then go ahead and argue.
CONSERVE AND PROTECT ASSETS/RETAINED ASSETS Mr.Rosen TALKED ABOUT WHICH COULE BE CARRIED THROUGH WMILT PASS-THRU ENTITY? OFCOURSE WITH EQUITY COMMITTEE AND FDIC TOO, MOST PROBABLY JPM TOO.
in JULY 2010 Mr.Rosen said this in the court
We also have in there the part (b) of what is to be
14 retained, and that is because in negotiations that we had with
15 all of the settling parties, with the equity committee last
16 week, with the FDIC, we did talk a great deal about the concept
17 of the retained assets. 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.
In Oct 2011 Mr. Folse in the court about $30 Billion or more flowing back to estates down the road.
-------------------------------------------------------------------------------------------------------
And frankly,
4 Your Honor, it would imprudent for the estate to do so relying
5 on the speculative ability to go out and recover up to thirty
6 billion dollars or more in money paid out to someone at
7 somewhere down the road.
In 2012 EC FAQ mentioned about sources of distributions and WMILT
------------------------------------------------------------------
Equity Committee explained potential sources of recovery and what is LT clearly in 2012 by releasing this FAQ and LT agreement also covered about Trustee's limitations on the ASSETS.
https://www.sbroker.de/pdf/Washington-Mutual-Chapter11.pdf
In 2012 LT Agreement was executed with what Trustee can't touch
---------------------------------------------------------------
6.3 Limitations on Liquidating Trustee.
(a) The Liquidating Trustee shall, on behalf of the Liquidating Trust, hold the Liquidating Trust out as a trust in the process of liquidation and not as an investment company. The Liquidating Trustee shall be restricted to the liquidation of the Liquidating Trust Assets on behalf, and for the benefit, of the Liquidating Trust Beneficiaries and the distribution and application of Liquidating Trust Assets for the purposes set forth in, and the conservation and protection of the Liquidating Trust Assets and the administration thereof in accordance with, the provisions of this Trust Agreement, the Plan and the Confirmation Order.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
Page 22
IN 2019/2020 FINAL CLOSURE OF CH11
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm page 21
Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets.
2020 after creditor claims were paid off.
-------------------------------------------
WMILT restated and amended LT agreement was executed in Jan 2020 and Trustee was relieved after class 18 is satisfied.In Jan 2020, WMILT appointed Mr.Smith and Ms.Logan as administrators of WMI Liquidating Trust.WMILT restated and amended LT agreement was made between certain parties who are unknown yet.In DEC 2021 they cancelled WMILT.Meanwhile who knows what they did with the whole Enchilada?.May be one hot ticker with some good dividend pay is my wish.
just look at the plethora of champions of the "bully pulpit" extolling the deity to punish Jamie, and consigning him to eternal damnation for Greed committed upon them.....perhaps the condemnation is misplaced , and they should be blaming Kerry Killinger for losing the WAMU ship , and causing it to sink....the fact is, we are all greedy and seek to profit from the loss of another.. thats what we all do when we seek opportunity in anothers misfortune when we buy and sell stock...Jamie was "at the right place, at the right time, with the most money and influence to capitalize on Kerry's screwup.....anyone else, even you, would have done the same thing in this swamp called high finance... Lodas
That like saying cactus will you truth….never going to happen
what would you talk to Jamie about?.... you have not even read the documents that brought all this closure of the chapter 11 beginning with the POR 7, GSA. and why you signed a release form signing away the rights to your assets and giving Jamie freedom from lawsuits in perpetuity.... as a matter of fact, you cant even explain the reason why you are waiting for a return when every agency associated with this affair said no more payments are coming after the judge signed off on the chapter 11...because you signed a release does not entitle you to money... you signed a release to let WMI abandon your shareholders retained earnings to get the GSA completed... Lodas
Will Libor be a summary judgment? Maybe.
There is a difference between a verdict and a summary judgment. A summary judgment is a decision made based on statements and evidence without going to trial. It's a final decision by a judge designed to resolve a lawsuit before trial.
So if a settlement cannot be agreed to Judge Naomi can make her own decision, which is very likely. Fdic wants 400b. Hoping the judge makes it at least 200b.
I think there was confusion between the rat and the elephant.
The desperate delusional grandeur continues to increase.
It's pure insanity.
Gets worse with each passing year, and ramps up each earnings, or with good news for coop.
Every event, is desperately attached to deleted escrows.
It fails every time... Hundreds, maybe thousands of delusional fantasies, for 16 years.
16 years...
Wowzers!!
He doesn't care who, or what anyone here says...
More delusional grandeur.
Fantasy nonsense.
Pretty funny also! 😂
BTS, I’m on the same page with you.
Some call it “what goes around comes around,” others “karma,” I refer to it as GODS Devine Retribution! Call me a pessimist, I just don’t see JD or the likes of him and there are MANY getting their due just in this life. I use what I consider the most recent JPMC scam, scheme, fraud, contempt of justice, call it a what you will.
JPMC for their involvement (what does that mean) paid out approximately 375 million to rape victims that Jeffery Epstein trafficked! WHAT! That’s a freaking slap in the face of the victims and Justice! JPMC was involved to the very top of the Epstein’s client list and they knew what he was doing and they also knew and know who the Pedofile child rapists were and are.
BTS, it’s a joke of Justice! I lack knowledge or understanding in many things but it’s certainly not what my GOD is capable of and the punishment he will administer to the likes of JD!
I hope you’re right regarding LIBOR and much more, I’m banking on it, pun intended!
JD Needs to Cleanse His Soul of Evil.
JD, pay for WMB plus 41.6 for “Willful Misconduct”.
Too much evil only undermines the value of JPM stock and trust in the cabal’s fiat dollar.
JD, protect your petrol dollar and do the right thing to pay your debts ASAP.
Ron
Thanks BTS. I'll have my secretary contact you and give you details regarding your pending very LARGE settlement. Welcome to the billionaires club.
The Fantastic Four are All Alined…
for a distribution event.
WaMu.
Lehman’s
FNMA.
FMCC.
WMB is already currently proven solvent and the FDIC has no justification to have a hold/lien on WMI property.
Release of the lien on the RE/DCR, along with JPM taking responsibility for WMB notes is a easy task to complete for the FDIC. LIBOR Litigation differential losses can be reimbursed later.
LIBOR litigation is more of an excuse than a resolution.
Too many attorneys making money from the Lehman’s litigation for no reason.
Other important HF wallets are not happy regarding the slow completion and payment schedule.
The F&F nationalization of a publicly traded company is constitutionally illegal.
5AT.
All four are pending a resolution event.
LIBOR Currency Manipulation is a criminal charge.
When multiple banks work together to manipulate the LIBOR interest rates, that’s RICO.
Many Wall Street ECO’s belong behind bars.
Ron
Jamie Dimon, just because you can doesn't mean you should. I'd like to spend 30 minutes just you and me talking in the room you think you need somebody to stand by to protect you that's fine but I'd like to meet and talk.
I'm going to eat a bunch of lettuce for dinner tonight.
I had the same response to AG today, Boris. Instead of producing the filings and showing the way we get someday.
It must be clear that this one is valued to be funded for our Legacy U's P's and whatever is left for K's
Royal
The Indenture does not limit the aggregate principal amount of debt securities that may be issued under it and provides that debt securities may be issued up to the principal amount authorized by us from time to time. We have previously established the Series A medium-term notes under the Indenture. As of December 31, 2023, we had approximately $32 billion aggregate principal amount of Series A medium-term notes outstanding under the Indenture. Our board of managers has authorized the issuance of New Notes under the registration statement to which this prospectus relates in such amounts as may be required to permit all outstanding Old Notes not held by JPMorgan Financial or its affiliates to be exchanged for New Notes. Our board of managers has also authorized the issuance of securities, including Series A medium-term notes, under certain shelf registration statements with an aggregate initial public offering price not to exceed $130 billion, to be issued on or after February 17, 2023.
The Indenture allows us to reopen a previous issue of a series of debt securities and issue additional debt securities of that issue. We may, in our sole discretion and without providing holders notice or obtaining their consent, issue and sell additional securities having the same terms and conditions as the New Notes. We have no obligation to take your interests into account when deciding whether to issue additional debt securities. In addition, we are under no obligation to reopen the New Notes or to issue any additional New Notes.
We will irrevocably deposit with DTC no later than the opening of business on the applicable date or dates funds sufficient to make payments of the amount, if any, payable with respect to the New Notes on any date or dates. We will give DTC irrevocable instructions and authority to pay the applicable amount to the holders of the New Notes entitled thereto.
Subject to applicable law (including, without limitation, U.S. federal laws), we or our affiliates may, at any time and from time to time, purchase outstanding New Notes by tender, in the open market or by private agreement.
The New Notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank.
PG.49
https://www.sec.gov/Archives/edgar/data/1665650/000095010324005291/dp209785_424b3.htm
Boris, keep the following in mind in relation to Dimon’s departure from Chase as CEO and timing of distributions.
Dimon said first around March 2023 that he would probably be gone in three and one half years.
Think about that statement. Most people would say three or four years, in a few years, three years or even four years but he made a precise timeframe of three and one half years from March of year 2023.
So that would be in September of the year 2026. Hmmm, the very month they legally stole the 100 plus year conglomerate called WaMu.
I have always said Dimon will not leave the helm until he sees distributions as he and his cronies will make more off of their signed releases than in all of their years of salary and bonuses times a few in my view.
So the timeline my view for distributions is sometime between September of year 2024 and August of year 2026.
…
…
Suzuk. If Dimon does monitor this board:
Jamie boy. You have one last chance to right this wrong before you meet your maker. I suggest you consider restitution before you get to the pearly gates. Otherwise you arent going to like the eternal results of your deed. Your choice.
Xoom, the 10 day move up means only one thing.
A settlement was offered. Sounds like it was turned down but who knows. They always start with a low ball and the Fdic pobly said no way. All part of the game.
As I've stated before, BTS, I hope your right and I'm wrong.
My guess is this. Jamie Dimon has multiple JPMC employees, trolls if you will, paid at a rate 375K a year to read and brief him in 20 words or less on what he perceives as nonsense written on MB's. All the while he sips on 1200 dollar bourbon and ROTFLHAO. Of course my stated guess is me being very presumptuous of JD and his two turd concern of what's being stated on MB's regarding his payment of stolen WAMU assets.
I hope your right!
BTS, please think, what was the need to move it by 10 days if there was a whole year for closure ? And why did JD publish his shareholder letter on ‘eclipse day’ right in the middle of those 10 days ?
Picky, I like this post of yours ( cannot believe I just said that ). You only need to be right ‘once’. I feel XXXX needs this more than us.
I agree and disagree with Alice.
No way does the Libor take up to a year. But I do agree that a settlement offer has likely already been made, albeit small and thusly declined.
She is making an educated guess but nobody knows the amount or timing.
I am more in the hold2wm camp. He thinks our Libor deal is only days or weeks away. I think we are very close as well.
My guess is by June. 50-100B
Lettuce pray.
I WAS NOT POINTING AT YOU
But to all that will be left to try and fight this out but HOPEFULLY YOU KNOW THAT
Funny how SO SO SO MANY HERE TWIST STUFF
CERTAINLY YOU DO KNOW I WAS NOT calling you a rat after all these YEARS and if IF IFIN you believe that I fell sorry for ya
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Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 |
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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