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LIBOR is LIBOR
And if you end up being the last one in line and it goes to a JURY YOU GONNA GET HOSED
Those that settle have a fixed amount they KNOW they will have to pay, ALL THE OTHERS are the ones out on the limb for the ACTUAL damages
Hey BBANBOB is this good news for our case? I don't know much about all this kind of stuff??
Judge approved FDIC and FHLM requests:
4066 05/30/2024 NOTICE OF VOLUNTARY DISMISSAL WITH PREJUDICE OF MUFG BANK, LTD. (F.K.A. THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.), AND SOCIETE GENERALE PURSUANT TO F.R.C.P. 41(a)(1)(A)(i): PLEASE TAKE NOTICE that, Plaintiff The Federal Deposit Insurance Corporation as Receiver for 20 Closed Banks, by and through its undersigned attorneys, hereby dismisses with prejudice all of its claims against Defendants MUFG Bank, Ltd. (F.K.A. The Bank of Tokyo Mitsubishi UFJ, Ltd.) and Societe Generale in the direct action Federal Deposit Insurance Corporation as Receiver for Amcore Bank, N.A., et al. v. Bank of America Corporation, et al., 1:14-cv-01757 (S.D.N.Y.), pursuant to Rule 41(a)(l)(A)(i) of the Federal Rules of Civil Procedure, without interest or costs to any party. SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 5/30/2024) Filed In Associated Cases: 1:11-md-02262-NRB, 1:14-cv-01757-NRB
4065 05/30/2024 NOTICE OF VOLUNTARY DISMISSAL WITH PREJUDICE OF MUFG BANK, LTD. (F.K.A. THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.), AND SOCIETE GENERALE PURSUANT TO F.R.C.P. 41(a)(1)(A)(i):PLEASE TAKE NOTICE that, Plaintiff The Federal Home Loan Mortgage Corporation ("Freddie Mac"), by and through its undersigned attorneys, hereby dismisses with prejudice all of its claims against Defendants MUFG Bank, Ltd. (F.K.A. The Bank of Tokyo-Mitsubishi UFJ, Ltd.) and Societe Generale in the direct action The Federal Home Loan Mortgage Corporation v. Bank of America Corp., et al., 1:13-cv-3952 (S.D.N.Y.), pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, without interest or costs to any party. SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 5/30/2024) Filed In Associated Cases: 1:11-md-02262-NRB, 1:13-cv-03952-NRB
Dominoes are falling
.........THE FED SHOULD RAISE INTEREST RATES......aggressively................
.....naive idiots......YES, 400 banks will collapse due to duration risk and a failing commercial real estate industry....so what....???....
....core inflation is 15%..............deal with it.........lying and hiding ain't gonna get KAMALA HARRIS elected president....c'mon.......
.....no worries............UWBI purple polecats are getting nice payouts, soon..............while FCNCA fails and gets seized..................
.......................better be FCNCA....$1,667.50..... -21.30...... (-1.26%).......divided by 100.....or we sue frank bank and B/H/A, assuming the jerk ain't in the BUTNER prison...............aimho.......
.....USCA/2 could literally cite our sonterra/LIBOR case as a "laughable" effort.......and dismiss.......with limited comment...........OR THE EQUIVALENT................
......sonterra/LIBOR = DEAD.......no money..........no whiskey.........no weed........no BLOW........(couple of consolation lines, larry, please, please???).....no sex...
......GOOD NEWS............UWB Receiver terminates and "effects all remittances".......????......nice.....even if only $3.88 or whatever, per...............
.......if sonterra staggers ahead, based upon legal loopholes..............sure........no problem wit dat..............$NINER per, today........or drag the nightmare out and do the BOXCARS, per, in a few months....................
.............................WINNING........................aimho.......................prison ain't off the table for frank holding until the UWBI rats get their payouts...........
...BEAUTY OF THE APPEALS COURT DECISIONS......the court summarizes and concludes the entire case in a few sentences...........
....the USCA/2's explanation, imo, WILL PUSH UBS to TRY TO SETTLE......or to stay and fight...........?????.........problem is, for Sergio P. Ermotti, it might be too late to settle.............OR WE MAY NEVER SETTLE...............(settle today, Sergio P. Ermotti, you F**KING IDIOT)...............
......whatever, at least the end is very, very near.....................or the clarity to the next step........and we could be in the sonterra/LIBOR case for MEGABUCKS.......
.....................frank holding eats poop..............................................................
Dude: I ain't gotta clue as to predicting what happens with this POS............play out sonterra/LIBOR and then work the case........
....we read the Deutsche Bank settlement agreement and narrative..........FDIC wants to get the sonterra case in front of an inner city jury, and then get a punitive damages settlement for all of LIBOR..............super simple case....................??????.....................
.....seems the appeals court, in the 4/30 special orals hearing, that the assigned judge.......scoffs at the case and asked 3 times why specified damages were never calculated or cited or included................clearly the judge knows the GAME HERE...............UBS response, which was read, made light of the case and said it had no weight and then UBS discredited the entire case............????...............the judge, in the end demurred and probably stared at the attorneys....????.......
......totally weird.......case ain't getting dismissed......no basis............imo, the appellate court judges can only criticize the case, but uphold both appeals.........this is usually what happens...................THE LAW IS THE LAW..........UBS broke the ANTITRUST LAWS and caused DAMAGES.........END OF CASE............
....UBS should see if the FDIC would do a quickie settlement given martin j. gruenberg's RESIGNATION from the FDIC.......that might be a lever to settle the case, for whatever amount..............$2-billies.................which adds $9 per, to our net............added to the $9.40 per, we have, at present........aimho......
.....still no DECISIONS on sonterra/LIBOR.........= GOOD NEWS via no news...................................
....point being, sonterra/LIBOR has the USCA/2 turned upside down and is all mixed up......which means no dismissal or quickie resolution......
......all while UBS and pimp daddy, Sergio P. Ermotti, writhes in FEAR........$10-billion punitive damages judgement and expulsion from the USA....STILL ON THE TABLE AND STARING DOWN, Sergio P. Ermotti, AH.........................
....no worries.......no hurries.........worst case on sonterra/LIBOR is getting strung out for 2 more years and then ending on a fluke with no money.......or dismissal of the case on Monday, 6.10.24................(yawn)................tingle..........tootle...............aimho.................
....not sure how THIS is connected to frank holding getting comfy in the BISCAYNE BAY area of Florida, billboard bob.....????........FRANK DID STEAL A BANK DOWN THERE, one that is one of the largest CURRENCY EXCHANGE and trading banks in the USA........?????.............RISKY AS F**K.................imo...............
.....back to ON TOPICS, like global warming and P. Diddy.........and...........sonterra "decisions"........???........we have the LAWS clearly in our favor.......WE SHOULD BE ABLE TO TAKE SONTERRA TO A JURY IN BALTIMORE, AND EXPAND THE CLAIM FOR PUNITIVE DAMAGES ON ALL OF LIBOR...............no alternatives to that decision................can't be..............or we go to the SCOTUS...................and take down UBS, in full....................hello............
...........also, we got $5 per, from banker frankenstein, less this creep wants to go to prison for 10 years....on deposit, earning fat interest..........and the fascists have a $116mm, or more, pile of fecal matter, with our flag-pole stick.............impaled..............only missing piece is sonterra/LIBOR and we have the defendant, BY THE BALLS..............and UBS pimp daddy, Sergio P. Ermotti is HOLDING (ahem!!!!) $500-billion in cash..............and getting bigger each quarter.........aimho.......
.....no hurries.............no worries................GO DONNIE...................restore the confederacy.................alfred p. murrah, notwithstanding.......to wit, comes now......
6/6/2024 Notice of Termination of Receiverships
A Notice by the Federal Deposit Insurance Corporation on 06/06/2024
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
10463 Nova Bank Berwyn PA 06/01/2024
10535 Ericson State Bank Ericson NE 06/01/2024
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 June 3, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-12404 Filed 6-5-24; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2024/06/06/2024-12404/notice-of-termination-of-receiverships
Still praying we get at least $27. Does anyone know how much we would've been getting if they had given us FCNCA stock which has been mentioned years ago?? Cuz that thing went through the roof since the bank went under. I know that we won't be getting FCNCA stock probably. Just wondering. And how come people's estimates for a settlement are all over the place it's like 2 months ago it was $20 to $30 now it's like $8 to $15????
Still praying we get at least $27. Does anyone know how much we would've been getting if they had given us FCNCA stock which has been mentioned years ago?? Cuz that thing went through the roof since the bank went under. I know that we won't be getting FCNCA stock probably. Just wondering. And how come people's estimates for a settlement are all over the place it's like 2 months ago it was $20 to $30 now it's like $8 to $15????
Hey Tman, you came back just in time to see us receive our LIBOR money that should be in our pockets soon.
I think I have been out of iHub for a year or more.
And then today…..you clowns still think we are going to get paid?.?.? ?
....................................NO BEGGING..................................
we are waiting to see if the FDIC can get our sonterra case in front of a jury and try to STICK UBS for all of LIBOR.....punitive damages.....???......
definitely, this proposition has the USCA/2 turned upside down.....????.....but we might......looking good, imo..................
WIN WIN...............(yawn)..............(yawn).....................(burp)...................(MOSTROUS fart sound).................
we'll find out soon.....................aimho..........................................
.....methinks the USA economy is collapsing due to 15% inflation, the need for a recession to slow down the pace of rising costs, and the covid rebound/revenge mentality...........the USA economy NEEDS A RESET THAT IS LONG OVERDUE..............
....only problem, imo, is at least 400 banks are underwater..........and the FED should RAISE INTEREST RATES.......which will only make the banking crisis WORSER..........................
....and then................NO MO Martin J. Gruenberg at the FDIC.............HOOOOOO------mother----f**king---------RAY..............the FDIC might collapse.....no more AUTOCRATIC, FASCIST, BULLYING bank regulators..........UNBELIEVABLE THAT THIS AUTHORITARIAN IS GONE..............I believe a lot of ongoing legal cases will be dropped or settled.........????............marty's hardcore, no settlement, stick 'em mentality is gone.................UWBI.......????......dunno, but the DC EMHOFF influence might or might not be real.................and maybe the sonterra/LIBOR case was meant to benefit the UWBI shemales........????.............
......THE BIG BULLY IS GONE FROM THE FDIC.....T/Y/J......seriously, this guy was EVIL...aimho...
.....ABSOLUTE SOONEST POSSIBLE PAYOUT......????.............10 days.............
.....that would ASSUME (and DC EMHOFF) that Sonterra is dismissed or adjudicated.....in a day or two.......??.....possible.....
....if the FDIC has a mandate to close out the Receiver, and records on United Western Bank...which it does.....a week or two, tops.....
....there it is........THE END............no money on LIBOR.........FDIC regular DIVIDEND to the uwbi filth........$4.50 per +/-........???
.....almost simultaneously, the paying agent trustee starts sending out liquidation and cancellation payments to the uwbi sewer rats.....$4.90 per......
.......$9.40 per.......with the $4.50 as ordinary income (non-ira accounts).........up yours to all......aimho........oh wait, and F**K Frank Holding.....
.
I check the USCA/2 every morning for the Sonterra v. Barclays/LIBOR...."DECISIONS".....absolutely will happen within the next two weeks.....also, there is some type of problem with these decisions, imo......??......which are cross appeals..................CAN ONLY BE GOOD FOR US.......BECAUSE PROBLEMS = continued litigation.......................MORE MONEY IN THE END FOR PLAINTIFF BENEFICIARIES.....................hello...................
MORE PAIN = MORE PLEASURE...........even with this worthless, wiped-out POS stock...............100% happy ending, imo..............
on sonterra, deep legal and technical issues.........totally a legal loop-hole weird situation............WORST CASE, really, is the case gets dragged out for a couple of years and then ends on a fluke with no monies paid out............OUCH!!!!!...............but we would drop, probably before then........or not......who cares....???.......
DREAM BIG and stay positive, my fellow trannies..............we got this...................aimho.................
...........FRED SCOTT for the FDIC chair...................???????????????...................................
............years back..............I would have responded if one of those gov't headhunters called.....I have the paper.....and the experience, etc.........but the reputation might have been a problem...................slight...................best bank mechanic in the USA.........but I'm too wheely-dealy....???.......FDIC needs a banker-hater slasher with stripes...............
.....whatever........F**K the FDIC..................any seasoned banker will express hatred of these AHs.........and grueny epitomized the fascist attitude......relentless pricks, and for no reason.......
...............$$$$$$$$$$$$$ on UWBI, please.................we do not G/A/D about the other charades of life........ME ME ME ME ME......soon, please......weed doesn't grow on trees......??.......aimho...........
MY GUESS is it will be BIG MIKE
....not to pile on our favorite AH..................but, TIMBER................mofo.................
....First Citizens BancShares, Inc. (FCNCA).........$1,673.08........... -19.91................(-1.18%)................
.....ideally, we'll end up with BOXCARS, 12, per.................and frankie's dirty THRIFT will tank down to that (divided by 100) per.....$1,200.....then crash.....
....no worries and no hurries.....................WATCHING FRANKIE WRITHE IN PAIN...........oh yea!!!!!!!!!!!......then his thrift gets SEIZED......and I'd like to add.....then I B/H/A......but whatever, do the boxcars and we forget all about the frank-furter...............
.....as for dollar amounts on the POS.....??.......probably, about $8.85 per, imo............if we shut down UWB/UWBI within the next 30 days...................
.....the language in the sonterra/LIBOR appeals court "DECISIONS" will set the stage for a damages trial, or a miniscule actual damages decision (rare, but possible) or some other legal and binding conclusion...............could be very, very WEIRD.................the court could even admit that the case is a stretch, but that the (antitrust) law allows for these types of stretch cases........plaintiff's atty and the hearing judge, in the 4/30, orals alluded to the antitrust special circumstance.............AND THIS IS WHY WE FILED THE SUIT.................LOOPHOLE LITIGATION...........(money grab - - ahem!!!)..............
..............no hurries, although the DECISIONS definitely will happen within the next week or so..........imo...................and no worries.................
...................pardon donnie and restore the confederacy.............latest political rumor is that the democrats are going to replace grandpa joe at the DEM CONVENTION...................voluntarily or not................Hakeem Sekou Jeffries, NY congressman.....???......too weird and donnie will still win, imo.....
..............................NO LOITERING................................
TRUTH IS...........sonterra/LIBOR is a WINNER, my fellow losers....................WIN or WIN.............
if the USCA/2 dismisses the case..........all of UWBI should shut down.....a remand could go on for years, but doubtful that happens and if it does, which is what we want................we get to ask a jury in Baltimore to calculate punitive damages..........on all of LIBOR................
legal point is, imo, that a "cloud of inclusion" occurred over our transaction.........maybe, maybe not.............UNTIL YOU ADD THE AINTITRUST CRIMINAL ACT INTO THE QUESTION..............(damage incident would not have happened.............if the LIBOR CRIME HADN'T HAPPENED)................GUILTY............pay the F**K up, Mr. Sergio P. Ermotti....or you will be kicked out of the USA...................
so, whatever.................the case is a stretch, but this is ameriKKKa..........LEGAL QUAGMIRE SOCIETY.......................and we have Mr. Sergio P. Ermotti BY THE BALLS...............tightly.................and this Sergio P. Ermotti fella has $500-billion, in cash, in his piggy bank.....................aimho............
GUARAN-------mother----F**King------------------TEED...............FCNCA CRASHES....................and martin J. gruenberg ain't gonna be around to COVER UP THE DISASTER....................
FACTS: the CIT loan portfolio is DIRTY, imo.........BIGTIME FAILURE............it's just a numbers game...............CIT has a $50-billion CORE of COMMERCIAL LOANS...............really, it's about $75-billion, but $50-billion is suspect.................so, mark down 15%, conservatively, of the CIT roadkill............just 15%.......the real rot is bigger than 15%, imo............BUT............15% carve out..........equals.......................$7.5-BILLION.....in FCNCA CAPITAL...................($20-billion, at present)................
.....imo, FRANKIE's dirtpile credit union is almost INSOLVENT....conservatively....TODAY...RIGHT F**K--ing NOW...THE END, frankie.....
......just simple math, frankie and martin is gone.............THE END....................up yours, frankie......shoulda left that Denver THRIFT alone....AH.....aimho...
Dude: Guy just says what the FDIC told him to say....."they wanted the full five years"......."they" he says = the bank.....???.......frankie, we assume......then Guy says the "government wants five years"...................Guy kinda knows some details but doesn't seem to care, imo...........Guy absolutely thought we were getting the FCNCA stock for the holdco sale/NOLs............instead of the cash frankie did the switcher-roo on (which proves frankie had the option to replace the fudge with cash - not Guy......????.....)
Guy, imo, thinks we are getting $5 per from "them" and $5 per +/- from the "government"................all the drew sandler/liana dirt, and the ITR/scotus mess......and now even sonterra..............???.........Guy said he didn't know anything about that...?????.............
....so...............Guy's take.......same as the FDIC's legal statement to the ESOP, with the ERISA compliance statement............about ten bucks, per.....soon......
...............the honorable Muhammad Quicksilver Scott I.............????..........ditto.........ten bucks per, soon.........(F**K FRANK HOLDING)......aimho....................
......REALITY.......USCA/2 could easily dismiss sontera/LIBOR.....and should.......a longshot, loophole case.......but the FDIC is suing using an "altruism" or a do-gooder platform........could work................if a party lost $1 due to the LIBOR ANTITRUST CRIMES...........the party can sue for actual and punitive damages........THE LAW IN AMERIKKKA.........(see the donnie trump hush money case, for support)................
......CLICK.........CLICK..........that is all we care about, fellow purple polecats..................other than getting high, having sex, and playing with our cool toys...........whenever................follow the money, have a plan, be prepared, trust in God.........(ok, and F**K frank holding)............let's do this.........aimho..............
I looked a couple of weeks ago, haven't paid too much attention--the FDIC accounting is screwed up--can't make sense of it!
I just check to see when they say we are done!!!!!!!!!!!!
Newtogame were you checking on this a couple of weeks ago , finally updated I guess for the period ending on March 31, 2024 , the receivership balance sheet cash and investment was paid $84000 . For now total assets are $8592000.
HOW IN THE F**KING WORLD DID THOSE nonbinary nobody UWBI cusip sandfleas.............GET CAUGHT UP IN THE BIGGEST AND WEIRDEST CASE IN ALL OF LIBOR..................seriously, WTF...............WTF................?????....................
THERE WERE THOUSANDS of debt issuances of all types all over the WORLD.........and it was only for three years, then five.....2005 to 2010.......????....affected by the LIBOR scandal........
JUST A FLUKE...................we won the powerball...............????...........or we have tickets and the winner was drawn from the 7-11 where we buy our tickets...???....
WHATEVER..........MIGHT TURN OUT......and our only cost is the time lag..........worth the gamble...........I say the appeals court is trapped and will remand the case back to the district (BALTIMORE.......oh yea.....murder capital of the USA.......world, too).......court........for damages assessments......THIS IS THE ONLY RULING THE COURT CAN MAKE............then we supplement.............and add the request for PUNITIVE DAMAGES ON ALL OF LIBOR..........oh yea!!!!!!..........
...............START BEGGING, Mr. Sergio P. Ermotti...................and make sure your settlement offer starts with a ............"B".................aimho.......
....we reviewed several legal cases with the same "metrics" as sonterra/LIBOR v. barclays..................that is expanding a narrow case into a larger span........basically................making a much bigger case and then requesting PUNITIVE DAMAGES for the "inclusions"...........many were successful (monsanto and dioxin, is one).............but went on for years...........................and were reversed, ultimately with mountains of legal wrangling...................OR SETTLED........
..................point being, sonterra/LIBOR definitely has legs................has case history precedents, and has a guilty perp............WITH DEEEEEEEP POCKETS......and, could be on the hook for a few billion............easily.......................
....only problem, imo, is the specific case................those F/X future contracts.............."derivatives"............we have court sign off that they were securities........BUT WAS THE TRADING IN THOSE SPECIFIC SECURITIES IMPACTED BY THE "CLOUD OF INFLUENCE".........the unlawful manipulation of the loan index, even though these were not directly based upon the libor index.............???????................???????.................
.....if I was UBS, I would say.............hell no.............outrageous claim................but, there was a loss, on the derivatives and the loss was a result of the interest rates moving..........up, we believe..........and up, due to ANTITRUST ACTIONS...............????...................aimho.......................
....THE GHOST OF EDGAR ALLEN POE MIGHT PUT SOME BIGTIME MONEY INTO THE CARGO SHORTS OF THOSE UWBI doppelgängers.......given that Baltimore is a domain of haunts and demons....................CASPER, mayhaps, for our cause......................a friendly ghost..............
....assuming that the sonterra case is passed back to the federal district court in Baltimore.........WHICH IS OUR PLAN...................let's do this................
.....UBS COULD GET HIT WITH PUNITIVE DAMAGES, for all of LIBOR............and there is a court AFFIRMED calculation for PUNITIVE DAMAGES associated with an ANTITRUST CONVICTION..............when damages exceed $100mm.............which they do, on ALL OF LIBOR...................
.................OMG..........OMG..............THIS IS GOING TO BE GREAT FUN.........KA-----------mother---F**K----ing--------CHING....................aimho........
.............sure, BIP...........but 2025................IF YA WANT THE BIG MONEY............................
.....appeals court would have upheld and dismissed by now, if the court wants the case deep-sixed...............my take is, the court is gonna admit that plaintiff has all involved by the balls, legally....................which could be good for us.............
....ya might get to play with the paper dolls and sock puppets for another year, BIP..........but longer chase = bigger catch.....and it might be HUGE......
................when ya got a chance, however slim, to CASH IN, bipole.................PLAY HARDBALL AND FIGHT LIKE A RABID DOG, to the bitter end........NO WIMPS, hereon, please........aimho......
HMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
""JUNE OR JULY"" as has been suggested
...TWO DISCUSSION POINTS
1. fascinating conceptualizing what could come out of the USCA/2 re: sonterra/LIBOR.......bizarre, really......using a fringe, fringe turd lawsuit against the MAIN LIBOR PERP................F/X futures which did not even set the interest rate based upon LIBOR/sterling......????........"cloud of influence".........????........who knows......appeals court is trapped, imo..................anything is possible and who cares..........???.....THE PLAN IS FOR THE APPEALS COURT TO SEND THE CASE BACK TO THE FEDERAL DISTRICT COURT TO RULE AGAIN ON THE CLAIM AND ASSESS ACTUAL DAMAGES..............okay.......but we believe, we are able to supplement that decision with a request for PUNITIVE DAMAGES ON ALL OF LIBOR..............?????...........
2. we estimate that, at this time, the UWBI cusip fruitpops have $264mm, on accounts.......$148mm on frank's taint tank??.............and $116mm in receiver's recoveries to date............???...........+/-..................
.....if sonterra blows up, which is possible, and marty doesn't get spiteful...................$8.85 per---ish...............worst case, in 30 days or less.....aimho.............
....also, a lesson and take-away from DONNIE's DRAMA.........................the courts can be funky and unpredictable........GOOD or BAD.................
....which brings us to the sonterra/LIBOR cases......hello......how are you............????............
....sonterra/LIBOR is weak as F**K.............but there is a solid thread.................a damage caused by the LIBOR perps.............then we expand the CONTENTMENT...............and, by law, we request the jury TRIBUNAL to award PUNITIVE DAMAGES for all of LIBOR..........OMG........OMG..........
............WINNING, losers.........WINNING............WINNING...............WINNING............aimho...........
....first of all, BIPOLE BOB, we have to see the ENDGAME..........on our payout and the share price of FCNCA.................
....there are numerous cross-currents re: Guy's "best interest" and what happens in the end.........
....Guy owns $175mm worth of Broadridge common stock - - because the FDIC forced the bank to sell Legent Clearing back to his investment company......this is a side-bar story, but factors into Guy's decision-making, among many other determinants.........and Guy's "relationship" with banker frankenstein...............
....we can create a class action, as a shareholder group and file an interpleader suit to smoke out Guy's legal position on making decisions for shareholders.......IF WE GET LOW-BALLED, for example, in the end...........and FCNCA trades around $20 per...............lawyer up, Mr. Gibson................is my point, BIPOLE......
...stay on ETSY, BIPOLE.............your "best interest", legally, would get you in "TRUMP TROUBLE" and your rear end would get beaten.....or worser......aimho..............
.or we sue the F**K out of Guy..... here ya go again
I guess ya forget ya said ""we can't and it is water under the bridge""
''
First Citizens BancShares, Inc. (FCNCA)
$1,692.51..... -30.85......(-1.79%)
we keep the corner of our eye on the AH's failing credit union.....not to pile on.............
just to make certain that the final payout on UWBI is greater than or equal to FCNCA / 100...........per share......or we sue the F**K out of Guy.....
....aimho...............
please stay on topic, mental midgetry notwithstanding, to wit, comes now.......................
tracking sonterra/LIBOR = probably a remand, of some sort.....rinky-dink legal technicalities situation and the appeals court simply cannot shut down this case....
we don't care, either way, except for the time factor, and sonterra ALIVE = possibly a HUGE PAYDAY..............punitive damages for all of LIBOR REMAINS FRONT AND CENTER ON sonterra.......THIS IS WHY THE FDIC IS SOLIDLY BEHIND THE CASE......however weak................
tingle, tootle and up yours to all little people.........I love attention, positive or negative..............and leave my $1,450 daily accrual on this POS in the package drop at my front gate..........then vammoose the F**K out of my hood......tyia..........aimho...................
Oedipus simply must've had a hard day...
😉 LOL I guess that be me. And damn happy to get under it's skin.
What an arrogant prick, I would like to buy it for what its worth, and sell it for what it thinks it is worth----I would make more than this will ever pay.
......know-nothing NEWT..............and then he or she recruited a SWARM of bipolar disordered i-HUB SANDFLEAS............who ganged up on me.............spread lies on the internet........criticized my genius...............even threatened to take inappropriate actions with my mother, in the middle of mass...........????...............
....but, I digress ms. savage..........I actually do love these pathetic losers...........feeds my superiority complex..............and I know, someday, we iz gonna get our money on this UWBI project........matter of fact, ms. savage, I got a 24/7 sack tingle........God Bless, ms. savage.........and Go Orioles....(I'm back on that program)....................
..
Ok, who started off the day by giving ol' Fred a wedgie?!?
....denial, paranoia and being overly defensive is a blatant ADMISSION, ACKNOWLEDGEMENT and legally, thereby.........AGREEMENT of guilt, BIPOLE...............and tarnishing LG's reputation by associating with your unstable behavior is abhorrent, BIPOLE......................
....your "best interest", BIPOLE would get you sued, thrown in jail and your rear-end would be severely BEATEN.................
....stay on WaMu and etsy and pinterest, BIPOLE.................a better fit................
....see what happens with this UWBI mess, before passing judgement on credible, CHRISTIAN gents, bipole.........tyia...................
WELL
The first problem is I NEVER SUGGESTED $2.50, LG and I have said now for yrs,$ 6.50 or better or it would have already been done and over with long ago
Get your facts straight and don't make up fairy tales like most liberals dooooooooooooo
....CLICK....CLICK...$10-million, stuffed into my cargo shorts......NET....any moment...
but, as stated, BIPOLE, there are other situations in which I would have lost my ass..................Ashford hotel package, which included the Ritz in Atlanta.......???......40-50% complete loss, bipole.............USB itself, down from $50 per to $39, after dropping to $28...............
no sense in looking at the WHAT-IFs, BIPOLE...............WHAT IF WE HAD TAKEN YOUR PANIC, limp-wristed SELL-OUT on UWBI.......for $2.50 per........EACH OF THREE DIFFERENT TIMES..................run those numbers, BIPOLE..................versus the $10.50+, checks in the mail....................onward, BIP..........
SO by your own admission NOW
""..I can't do enough of these.................million dollar cookie............""
You could then have used the money and not taken a hit on it
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Moderators Nightdaytrader Docsavag Newtogame fredscott36 |
UNITED WESTERN BANKCORP INC. (UWBK)
Shares Outstanding: 29.26
PR FROM FEBRUARY 2011 ANNOUNCING COMPLAINT AGAINST THE OTS (OFFICE OF THRIFT SUPERVISION):
DENVER--(BUSINESS WIRE)-- United Western Bancorp, Inc. (the "Company"), a Denver-based holding company whose principal subsidiary was formerly United Western Bank® (the "Bank), today announced that on February 18, 2011, the Company filed a Complaint in the United States District Court for the District of Columbia against the Office of Thrift Supervision (the "OTS"), the Acting Director of the OTS (the "Acting Director") and the Federal Deposit Insurance Corporation (the "FDIC").
On January 21, 2011, the Acting of the OTS, in cooperation with the FDIC, seized the Bank and appointed the FDIC receiver based on three alleged grounds: (i) the Bank was undercapitalized and failed to submit an acceptable capital restoration plan ("CRP") within the time prescribed by statute; (ii) the Bank was likely to be unable to pay its obligations or meet its depositors' demands in the normal course of business; and, (iii) the Bank was in an unsafe or unsound condition to transact business. The Company alleges in the Complaint that none of these grounds existed at the time of the seizure.
A. Gibson, Chairman of the Board of the Company said, "The seizure order issued on January 21, 2011 by the OTS, appointing the FDIC as receiver, is arbitrary and capricious and lacked any rational basis in applicable law."
The Company's Complaint refutes the allegations made by the FDIC and the OTS, and importantly, among other facts cites:
The Acting Director of the OTS, without any reasonable basis, concluded the Bank had failed to submit a CRP acceptable to the OTS. However, despite the statutory requirement that institutions be given a reasonable time to submit a CRP, the OTS demanded that the Bank submit a CRP within seven days, a clearly unreasonable request in excess of its statutory authority.
The Bank's capital position provided no basis to accelerate the standard 45 day time frame for filing a CRP. On December 3, 2010, the OTS directed the Bank to take a capital write-down with the intent of lowering the Bank's capital ratio as much as necessary in order to create the illusion that the Bank was not adequately capitalized. The result of this arbitrary and capricious directive was to lower the Bank's total risk-based capital ratio to 7.8 percent (which is only 0.2 percent below the 8.0 percent ratio required to be considered adequately capitalized). But for the OTS's arbitrary and capricious directive, the Bank would have remained within the technical definition of adequately capitalized and not been subject to the requirement that it submit a CRP.
The Company believes that the seizure of a Bank with a reported total risk-based capital ratio of 7.8 percent and a pending recapitalization is unprecedented. If the standard applied by the OTS to United Western Bank was uniformly applied to banks across the country, a significant number of those banks would be subject to immediate seizure. The majority of the institutions closed by the OTS in 2009 and 2010 were critically undercapitalized, meaning that the ratio of tangible equity to total assets was less than 2 percent. A number of these institutions were insolvent; for example, one of these institutions had a core capital ratio of negative 7.11 percent and a total risk-based capital ratio of negative 7.36 percent.
The Company's research suggests the OTS has not accepted any CRP submitted to it during this financial crisis. Instead, the OTS appears to reject CRPs as a matter of course, regardless of merit, and then asserts that the failure to submit an acceptable CRP is grounds for receivership. The rejection of the Bank's CRP was part of this unreasonable pattern by the OTS.
No grounds existed for the Acting Director to reasonably conclude that United Western was likely to be unable to pay its obligations or meet its depositors' demands in the normal course of business. The liquidity concerns asserted by the OTS and FDIC were based on their unfounded disapproval of the Bank's 17 year-old business model and a fundamental misunderstanding of the Bank's long-term, contractual relationships with certain of its institutional depositors. There was no rational basis for the OTS or FDIC to conclude that the Bank would not continue to effectively manage its institutional depositor relationships as the Bank had for almost two decades, including through the worst of the financial crisis in 2008 and going forward. The institutional depositors would have maintained funds on deposit absent an arbitrary or capricious action by the OTS or FDIC to force withdrawal of such funds. The Bank repeatedly, most recently as of January 20, 2011, advised the OTS that this was the case. The Bank had ample liquidity to pay its obligations and meet depositor demands.
The Bank had over $400 million of cash at the time of the seizure, which represented approximately 25% of total deposits on January 21, 2011.
The Company and the Bank were very close to completing a recapitalization transaction of $200 million, with commitments in place of $149.5 million and parties identified to complete the transaction at the time of the seizure of the Bank by the FDIC. The completion of this transaction would have eliminated the need to seize the Bank, thereby avoiding a significant loss to the Deposit Insurance Fund. This information was provided to the OTS on January 20, 2011.
The Company is represented in this law suit by its internal counsel and certain inside directors of the Company and certain former inside directors of the Bank are represented by BuckleySandler, LLP of Washington, D.C. and certain independent directors of the Company and certain former independent directors of the Bank are represented by the Washington office of Paul, Hastings, Janofsky &Walker LLP.
I am not sure you understand, don't confuse the moneys that belong to the Bank (the ITR and JPM moneys due) even if the Government did not take the Bank, those moneys are the banks.
The government is liable because they took the Bank, our asset, our constitutional rights, under color of law and tired to defraud all of the shareholders as well as the employees the credititors and others. took assets held in the Banks Name and deprived all of us including the community. They Tarnished the management and the Banks Business reputation. I ask you what is it worth? An Unconstitutional move by government thugs.
And now they don't want us or any body to talk about the cover up
Jim Peoples, former CEO, left, and Guy Gibson, former chairman, are challenging bank's takeover.
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