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...THE FDIC FROWNS MIGHTILY ON CONSERVATIVE BANKS LENDING TO OTHER LENDING ENTITIES.......and yet frankie's dumpster fire credit union is pouring money into sketchy funds............OUTRAGEOUS.................$400-million whizzed away...........WTF..........???......
NEW YORK, June 11, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund.
Both funds are managed by WhiteHawk Capital Partners, which seeks to earn attractive returns by sourcing and structuring asset-based loans to private and public companies. The credit facilities leverage the funds' existing portfolios and provide capital for future growth.
...get the UWBI SEWER RATS PAID OFF, frankie.......or we take you down............aimho.........
no worries on either, LAR LAR ME LADY.........super BIG legal entanglement on our LIBOR - - WaMu's is settled.........DONNIE's in........304 electoral votes.......only weirdness is the PINKO-CRATS are going to replace grandpa joe at the DUMBCRAT CONVENTION........after gramps blows the DEBATE 6.27.24........Jeffries and/or G. Newsom....??......still DONNIE 'cause RFK will spoiler the 3 swing states.................(the Koch Bros said they'd give DONNIE $200mm in a donut, IF IF he chose Nikki Haley as VP......DONNIE said he'll ponder, but she is not on the record/vetting list....??).............
we don't do calendars, LAR LAR..............kinda wanna tip toe into 2025, particularly since Donnie is going to RESTORE THE CONFEDERACY on 1.20.2025.....
only 2 gents left on our shareholder party invite list, LAR LAR.........me, you and our guests (and there are restrictions on your guest - NOT HIM, please).......
$4 per dividend, $5.25 per, in fudge..........................soon, LAR LAR......................very soon, imo...........IF sonterra mushrooms (ahem!!!) into a GARGANTUAN SUIT..............another year...........but tons more on the divvy.............aimho.................
Looks like the big Libor cases will be settled before 200 million plus votes go to orange man so our distribution should be between mid September and mid October.
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go back like, 4 chapters......they stole a motorcycle and left behind a designer handbag purse....probably worth more than the motorcycle..........
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...no clue........might be connected to the ONION DIP.........cher's fave..............????.........
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just wonder who VENNIE IS
are you insinuating that skullduggery could be happening behind the scenes..........on that failed Denver THRIFT.....???......BIG LOTS BOB.......???.......
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gruenie going to vennie ??????????????????????????????????
gruenie going to vennie...........WTF.......ain't that the legal hood of the (pending) USA President's hub.......business partner of FCNCA.....????.....
larry, how much more BIZARRE can this uwbi stock become....???........biggest LIBOR suit out of the 45 already settled.......billy billy bang bang...too much stress with this POS...aimho.......
....no comment on rumors, except that the math works to the penny per, on that $275mm puma (144+131???)............
.......definite complications at the USCA/2....on our sonterra/LIBOR action..........correlation does not automatically = causation.........but in a civil case, the respondent is burdened to DISPROVE this premise...............on LIBOR, UBS must convince the court that a LIBOR victim was NOT DAMAGED by the malicious unlawful manipulation of the interest rates........
......WE HAVE UBS BY THE BALLS................ANTITRUST.............PUNITIVE DAMAGES..........PAY THE F**K UP................etc.................
....and at the 4.30.2024 orals, at the USCA/2 hearing, the UBS attorney READ, word for word, a SCRIPT......denial......denial.....denial..........
......SERGIO P. ARMOTTI.........$10-BILLION, sir, ASAP and then EXPULSION FROM THE USA (was SERGIO FIRED YESTERDAY????)........aimho......
........ruma puma: $275mm being distributed......no details.........assume libor case and receiver are dead.....roadkill...............????.......
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NO LOITERING........on this BLOG, please..........................................................
you non-binary sand fleas got Y0SELF in the middle of a HUM-DINGER...........biggest LIBOR suit of all........MONSTROSITY.....OMG HUGE......
somehow, the sonterra/LIBOR suit got bound over, we understand, or speculate........for a federal jury PUNITIVE DAMAGES trial.......in Baltimore, MD......
each passing day, WITHOUT....WITHOUT decisions from the USCA/2 = = = = deep legal complications and interpretations and ultimately...."DECISIONS"........
well, ITS the LIBOR ANTITRUST WORLDWIDE CRIMES OF THE CENTURY........admitted, or "DETERMINED".......GUILT.........by UBS Group AG....???.......
more time and it might be a long, long time........WHICH MEANS MORE MONEY..........let's do this......................aimho.....................
......stock market might....CORRECT........due to TRUMP-FLATION......USA economy ROCKETS UP...........
.....IF....IF.........DONNIE selects Nikki Haley....as VP......Koch Bros. said $200mm..........GUARANTEES DONNIE THE PREZ......???.....
.......I say do it, DONNIE..............MAGA..........MAGA............MAGA............MAGA..................
.....and we want the $16.50 per on that pesty UWBI cusip matter...............aimho....................
....minor MELTDOWN over at that Raleigh, NC CREDIT UNION...............................
....First Citizens BancShares, Inc. (FCNCA).... $1,616.30.....-36.16..........(-2.19%).........
....heard the commercial loan portfolio is............CRASHING..................OMG.........
.......and martin j. gruenberg ain't around to COVER UP frankie's mount everest-sized pile of sh*t..................aimho.....
.....................................SERGIO P. ERMOTTI.......................................
.....you are spot on in the cross-hairs of the USA's FDIC and DOJ's......HOWITZER..........(figuratively, but the USA's armament is the legal system).......
.....GUILT has long been established, SERGIO P. ERMOTTI.............and UBS has never admitted, on record, "responsibility" for the LIBOR CRIMES.....
....so, admit, SERGIO P. ERMOTTI, or continue to weasel out of responsibility................BUT PAY PUNITIVE DAMAGES, SERGIO P. ERMOTTI...........
......SERGIO P. ERMOTTI..........end the nightmare.........................sonterra/LIBOR..................write a check for $2-billion, and offer it up.......aimho......
...2 - TWO LEGAL STATEMENTS WHICH SUPPORT US WINNING SONTERRA (or at least continuing the action to a Baltimore federal jury)........
.....1. we have an ANTITRUST case - - which is SUPER, SUPER BIG LEAGUE LITIGATION - - the biggest........hundreds of millions$$$, once the ANTITRUST TAG is slapped on a case..........and our case is confirmed.........ANTITRUST............broad judicial horizons, as well..........meaning, if the case is close to inclusion.....we are in the category of horseshoes, hand grenades and yard jarts ('member those???)...........INCLUSION.......close counts in ANTITRUST.............. ....
.....2. the FDIC is the lead party in our suit......hello.......these AHs don't exactly file frivolous suits (excepting BOBBIE RICHARDS - - but we beat the FDIC on this, remember???).....anyhoot......the FDIC filed or now leads our sonterra/LIBOR action......and since it is a confirmed ANTITRUST case, the suit is endorsed by the DOJ...................the DOJ......in ameriKKKa..........hello....................
....message to UBS'.........SERGIO P. ERMOTTI........GET THE F**K OUT OF THE USA...............ABHORRENT CRIMINAL ANTITRUST ACTIONS......will not be tolerated by the FDIC and the DOJ.........GUILTY.............PAY UP..............$10-billion and admit responsibility for all of LIBOR........THEN GIT........
aimho....
....IF.....IF......we do prevail on sonterra/LIBOR, and we move on to the jury trial in Baltimore..........gonna be a big fight put up by UBS............
....point being, we move, in time, for the trial and then normal BIG CASE legal shenanigans...........UBS is in a very, very tough position.......because a jury could calculate MONSTROSITY-sized PUNITIVE DAMAGES................UBS will probably start begging to settle...............because the only question is......HOW MUCH.......???.....
......WE SHOULD NEVER SETTLE.............NO MATTER...................why......???.........because UBS is loaded with cash...........and they ain't ameriKKKan.....SO F**K 'EM.......................might take 2-3 years, but WE WILL CASH IN............BIGTIME..................
....the facts are clear and the LAW FAVORS.............US...........plaintiff.....................no more appeals, no SCOTUS...............nothing..........PAY UP, UBS........we have Mr. Sergio P. Ermotti...............BY THE BALLS...............................aimho.............................
......the SCOTUS, in Feb/2007 struck down a PUNITIVE DAMAGES case wherein the suing party was not directly involved in the original damages case.......
February 23, 2007
In a 5-4 opinion issued this week, the United States Supreme Court struck down a $79.5 million punitive damage award as unconstitutional under the Due Process Clause of the Fourteenth Amendment to the U.S. Constitution. In so doing, the Court held for the first time that a jury may not issue a punitive damage award in order to punish a defendant for injuries suffered by nonparties to the litigation. Moreover, the Court set aside the Oregon jury verdict on the ground that the trial court had failed to establish sufficient procedural safeguards to prevent the issuance of such an award based on harm to nonparties........
...this case may, or may not apply to our case..................on sonterra, the damaged party claims two F(X) futures trades were negatively impacted by the LIBOR loan index manipulation................"cloud of inclusion"...........the securities (this was challenged and we won, and there was also an assignment question, which we won).................and, we heard that $38,000 was lost on each trade???.........as a result of the interest rates moving up, or being raised, artificially....????......
...THIS IS REALLY REALLY TOUGH STUFF...............AND THE FDIC POSITION IS ALTRUISTIC, MEANING THEY ARE SEEKING PUNITIVE DAMAGES BECAUSE LITTLE PEOPLE WERE DAMAGED BY THE LIBOR ANTITRUST CRIMES............???.......
.......SONTERRA SUIT COULD GO EITHER WAY..............however, a stretch, our case is quite LAWFUL, imo.................the securities trades suffered a loss, and the loss was a result, INDIRECTLY, of the LIBOR CRIMINAL ACTS..............UBS is 100% guilty of the LIBOR ANTITRUST CRIMES........and the sonterra trades were negatively impacted by the criminal behavior.....................we should take the case to a jury in Baltimore and get a PUNITIVE DMAGES award......by the statutory calculation.......................GARGANTUAN NUMBER, imo............$2---to---$50-BILLION.......................
.....whatever, the UWBI sewer vermin just got $5,000 in free legal analyses......now they need $25 per in a payouts on their worthless, wiped out cusips........aimho...........and we need to pardon DONNIE and RESTORE THE CONFEDERACY........................ .
.....serious legal hang-up at the USCA/2, relative to sonterra/LIBOR...........clearly a HUGE MESS.....??.......which means definite REMAND, for any number of issues........??............
.....the appeals court WILL NOT BRING CLOSURE to sonterra/LIBOR................which is a problem, because the case is going to continue........I say this is good because the case is ALIVE and WELL....................UBS IS STILL ON THE HOOK FOR PUNITIVE DAMAGES.........for ALL OF LIBOR.........simple FACT.........
......no worries and no hurries...................USCA/2 COULD DISMISS THE ENTIRE CASE AND COMMENT THAT THE CASE IS A STRETCH, is piling on has no merit on the face of the claim.............?????............OUCH........!!!!!................
....WE KNOW THE LAW.........seriously..............UBS AIN'T GOT ANY OUT, imo.................there are numerous common law precedents on PUNITIVE DAMAGES getting attached to a valid ANTITRUST VIOLATION................this SERGIO creep over at UBS should write a check, for $2bills and shut down this mess, or the case is gonna get ugly...--ER......aimho....
.........SERGIO P. ERMOTTI...............START TALKING, sir..............DOLLAR AMOUNTS, only................$$$$$$......UBS NEEDS TO PAY FOR THE LIBOR CRIMES.........
.....first word better start with a "B".......SERGIO P. ERMOTTI........PUNITIVE DAMAGES FOR ALL OF LIBOR.......PAY UP, NOW, SERGIO P. ERMOTTI.....
....OUTRAGEOUS......ATROCIOUS......DISGRACEFUL.......................BEHAVIOR.................by UBS......and.....and.......THIS ABHORRENT CRIMINAL BEHAVIOR VIOLATED ANTITRUST LAWS IN THE USA............................and hurt little people the most........underprivileged, inner-city, poor schoolchildren........
............SERGIO P. ERMOTTI......................abominable animal...............$10-billion, cash, within 15 days.......and MAYBE.....MAYBE.....MAYBE......UBS WILL NOT BE EXPELLED IMMEDIATELY FROM THE USA.....................pay 10 bills, SERGIO P. ERMOTTI, and then we'll discuss the EXPULSION...........
......SERGIO P. ERMOTTI.......is in BIGTIME TROUBLE.........aimho.....................
...ROCK ON MY DEAREST LAR LAR.............I AGREE IN FULL, conceptually................the new FDIC chief is in.......powder puff city, which is great news..........WaMu and UWB are connected, via JPM and the OTS 'behavior'.................RECEIVERS...............
.....only side-bar is the UWB RECEIVER and the sonterra/LIBOR litigation.............is either a dead fizzle, or a MONSTER MEGA-SUIT......slamming UBS for ANTITRUST and seeking PUNITIVE DAMAGES FOR ALL OF LIBOR...................could be HUGE, lar lar................LARGE GREEN+++++..............
.....as for DONNIE.............electoral college real time map.....................290 easily NOW (270 needed to win)..........Pennsylvania = 20 electoral votes and this is either a WINNER or a LOSER for DONNIE..........keeps swinging back and forth........at present, DONNIE could win without PA..........he's gotta get Mich and Wisc..........onward..........
.......WIN WIN, regardless of the endgames, LAR LAR.........worst case is sonterra dies a sudden death and we get $3.50 per from the FDIC in a dividend and $5.25 per, in the payout from the holdco proceeds.....................WORST CASE in 20 days ain't too bad, lar lar................aimho.................
Fred, I say you are spot-on correct referencing WaMu R shutting down, and now a rather quick resolve for one reason. They would ALWAYS clean up the top scams they have been working on for years such as WaMu, UWBKQ and several other smaller ones BEFORE, BEFORE, BEFORE they bring the new Chief in so as not to sully the new Chief right off the bat with scams that date back 10, 20 and 30 years.
I see this and Libor all deep-sixed before the 200 million votes for Trump
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.....Martin J. Gruenberg is gone from the FDIC and the Washington Mutual Bank Receiver is terminating...........????........too weird..........UWB Receiver and UWBI now are rudder-less...............HOPE - HOLDING for a miracle ruling on sonterra/LIBOR..................ain't happening..................$8.75 per, $3.50 of which is a dividend from the fascists, and $5.25 per from the frank holding fudge factory....on the worthless cusips...then you fairies can get lost..........................
.....weed is legal, donnie trump is getting elected president for the 3rd time...........murdering babies ain't cool................world economies are collapsing..........this entire Artificial Intelligence mania is a FARCE..............idiocracy.......ameriKKKa has morphed into a legal morass......onward.......................
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...larry said not to speculate on the possible LEGAL COMPLICATIONS at the USCA/2..........so we will........on sonterra/LIBOR......................
.....definitely a legal entanglement.........?????.......we thinks the judges can't dismiss or close down the cases.......but we noticed the 4.30.24 orals judge was adamant about "damages" never being outlined by the plaintiff..............the defendant/appellee yelled only $38,000 was lost, on two trades......????......but the issue really isn't "actual" damages.....$1, or $10-billion....PUNITIVE DAMAGES......
....my WAG is the appeals court upholds our appeals but sends back to the DISTRICT COURT the enemies' appeals for damages.........and admits that punitive damages could be added, by plaintiff...........and then whine about that's the law, however adjudicated....................oh yea!!!!!!!......
....IMO, THIS IS THE RULING THAT WE WANT......and we also note that the DOJ is very much aware of our suit...........I believe we get an "endorsement" by the DOJ, given the ANTITRUST ACTION..........whatever.....................F**K EVERYONE INVOLVED WITH sonterra/LIBOR.......show us the money.....aimho.......
....btw, off the record, the/my FDIC clandestine operatives are DANCING IN JUBULATION......................'cause the biggest fascist AH ever, in the history of the FDIC and ameriKKKa..............is leaving..............BEST NEWS EVER............might be for us, as well..................?????..............our endgame will prove that MJG was supporting our cause or not................????......................YES...........YES..........YES............................
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shrewd, ms. sand flea dear, you super-sized cream puff............and now you have internet logarithms smearing UBS and Sergio P. Ermotti FOR THE OUTRAGEOUS CRIMINAL ANTITRUST ACTIONS.........................
but, sandy, 10 bills$ shuts down all of UBS and the LIBOR CRIMES, and would allow UBS to continue doing business in ameriKKKa.....................
we might need to piddle in the courts for another year, or two..........but no worries and no hurries.........................
we have Sergio P. Ermotti by the balls.......................this lawbreaking villain needs to PAY PUNITIVE DAMAGES FOR ALL OF LIBOR BECAUSE LITTLE PEOPLE WERE SEVERLY DAMAGED BY THESE EGREGIOUS ACTS..................................aimho.................
so PAY UP, now, Sergio P. Ermotti..................OR GET THE F**K OUT OF THE USA.............
The art of negotiation...pay the $10B now and he can stay...
UBS SHOULD BE FORCED TO PAY $10-BILLION in PUNITIVE DAMAGES FOR THE LIBOR ANTITRUST CRIMES......................
AND FACE IMMEDIATE EXPULSION FROM THE USA..................................
THIS IS OUR POSITION ON THE SONTERRA/LIBOR LITIGATION..............
PAY UP, Sergio P. Ermotti........$10-BILLION.........THEN GET THE F**K OUT OF AMERIKKKA........
aimho.................
....wethinks the UWBI sewer rats are going to be waiting on the sonterra/LIBOR litigation for a long, long time.........and any shareholder party (definitely will be one) is TBD, based upon time frames and dollar amounts................for example, boxcars per, or higher, within the next 60 days = one type of party format..............another 2 years of painful legal crap, and a lowball per, would = another type of soiree.......................we'll see.............
.....having sonterra/LIBOR tied up in knots at the USCA/2 is not a BAD SITUATION.........it's just time and delays and legal maneuvers.....ad infinitum.........our perspective comes from 1. the Deutsche Bank settlement agreement narrative and 2. the orals, during the 4.30.24 USCA/2 special hearing..........F**King WEIRD.................the case is a stretch...........a total legal weasel technicality..................under the ANTITRUST ACTION.........off the chart legal chicanery, imo.....
....whatever............this is ameriKKKa............land of litigation..................win some, lose some and FOLLOW THE MONEY................
...we are sand fleas (called "no see ums" by the blue bloods at the cape and martha's and teddy's island).......and are playing the game with house money and nothing to lose but time and we have a nice pile of frankie's fecal matter earning interest, while we party...........WINNING and we could still really CASH IN, BIGTIME......if we beat up on UBS or we settle........aimho...............
DOC
That won't happen since I am sure he won't let my goat come along so, NO GO
Great idea of the G-Wagon...just let Bban, Newt and I know, we'll bring the beer for the initial road trip...
....IF, and until a court says otherwise, IF.......PAY US $10-BILLION, Sergio P. Ermotti, AND THEN GET UBS OUT OF THE USA.......EXPULSION.........
....UBS NEEDS TO PAY PUNITIVE DAMAGES FOR ALL OF LIBOR..................PROVEN ANTITRUST ACTIONS........................
.........$$$$$$$$$$$$$$$$$$$$$$$$$$, Sergio P. Ermotti..........................THEN GET THE F**K OUT........all of UBS should be EXPELLED..........
............................OUTRAGEOUS CRIMINALS............hurt poor, underprivileged schoolchildren with these EGREGIOUS CRIMINAL ACTS........aimho......
....no quit here......ain't ever gonna be....................
...we have about $9 per, en route to us.......and we have a $10-BILLION punitive damages legal claim against UBS.....with an ANTITRUST conviction in tow.......
........longer chase = BIGGER AND BETTER CATCH...............aimho................
....no fairies, hereon, please................"YOU ARE NOT THE FATHER".............been in that trap a couple of times......T/Y/J.......last time, about 20 years ago, I literally fell to my knees and thanked the almighty and promised/swore NEVER TO GET IN THAT SITUATION AGAIN (maybe slipped once or twice) BUT I HAVE PASSED ON TEMPTATIONS..............
......btw, those new electric G-Wagons........???.......too cool........I might bite on a EV - which I said I would never do........$175K.....bring us boxcars per+ and I order a new, EV G-WAGON......
.......slight concern over the sonterra/LIBOR time lag, awaiting DECISIONS on the cross appeals at the USCA/2............definite deep LEGAL complications.........which to me is GOOD NEWS...................monsterr-sized legal mess..............
....sonterra might mean BIG BUCKS or nothing............and really could go back to the SCOTUS, imo..........the basis would be the ANTITRUST law application to actions not directly, by contract, affected, but rather, the cloud of inclusion......................?????.........DID THE LIBOR LOAN RATE INDEX cause other interest rates, not directly tied to LIBOR......to be artificially impacted, up or down...........????........................
....OUR POSITION, imo, is HELL YES...........all interest rates were negatively affected...........and further..............manipulated interest rates HURT LITTLE PEOPLE AND THIS IS THE BASIS OF OUR ENTIRE SUIT.........................whatever.............
....WIN OR LOSE................we win, imo................aimho....................
....grandpa joe just put a creampuff in the FDIC crows nest...........trust me..........the entire banking world is jumping up and down.....in JUBULATION............
.....the FDIC just went soft...........HOOOOOOOOOO--------F**K-----ING--------RAY..............oh yea!!!!!.................speaking for myself and many, many other banking operatives..............WE IZ GONNA WALK ALL OVER THIS B*TCH...................I'll check with my FDIC mole pack, but they are probably relieved as well..........
......................WTF................WTF..............WTF...............and watch 400 banks start to FAIL..........and FAIL and FAIL................we oughta start with that BIGTIME AH in Raleigh, NC....................FRANK something..........................FCNCA.......................marty's secret lover................TIMBER, frank something.........
............now we just gotta get our money outta that Denver THRIFT...........?????...........we wonder how the legacy of martin j. gruenberg affected the endgame on said Denver THRIFT................marty said he would "take care of us"..............?????...........does that mean sore AH, or $16.50 per......???.....stay tuned..........aimho.....oh yea!!!!!!...............
https://www.cnn.com/2024/06/13/economy/biden-nominates-new-fdic-head/index.html
larry said to comment, so we won't until we know that one martin j. gruenberg is GONE..............tough to kill a rat...............
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.......weird vibes on sonterra/LIBOR and that other LIBOR case that was just settled.......?????........with UBS strategically not included on that case......????......
....COULD THE RECEIVERS FOR UNITED WESTERN BANK..........and WASHINGTON MUTUAL BANK........be terminated at any moment......????.......with no consequence on sonterra (which appears to be stalled at the USCA/2 - - was a legal "hold" entered???)................OMG.............
.....very possible because both Receivers were directly tied to the JPM MASTER AGREEMENT that JPM had with the FDIC...............????......
.....more weirdness...........no worries and no hurries...........show us the money and then F**K ALL ASSOCIATED WITH UWB/UWBI..............aimho.........
.....if we do shut down both Receivers and await THE MONEY.....on UWBI........$3.50 per, dividend and $5.25 per, liquidation/cancellation.....????.......
...sand flea, sir...........we are in the middle of a WAR..........BIG BOYS.......HUGE ARMAMENTS....................hundreds of millions and millions of dollars.......could even be billions...................
...could we keep the paper doll cutouts, sock puppets and fairy cafe du jours.................on etsy, please......???.......tyia....................
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....WERE I TO PREDICT, anything with this FREAKY POS..............????............
.....I truly believe the entire mess ENDS within the next 30 days..............Receiver terminates, dividends paid to us, and the cusips are liquidated......
.................within 30 days.............sonterrra is WEAK and really could = ZIP..........might ROCKET LAUNCH, but, as with the BOB RICHARDS/ITR scotus gamble....waste of time...................
..................$8.75, to NINER NINER, per...............evidentiary.................$3.75 from the fascist regime................DISHONEST ABE, per, on the packed fudge....
.................onward..........give 'em the middle finger and the opinion waiver, larry..........I'm off grid...............................
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....another day and no DECISIONS on Sonterra/LIBOR.......=......GOOD NEWS, imo, because this case is being delved into, DEEPLY.......BIGTIME PIT OF LEGAL NONSENSE..........antitrust always does that..............????..............ain't gonna be any type of dismissal and sending back antitrust cases is very, very rare........
.....whatever........WIN WIN WIN WIN, regardless of what happens.................will be a techno-gibberish ruling, imo...........
......other concern................AFTER EFFECTS of martin j. gruenberg leaving the FDIC........?????.......micro-manager, mean-spirited fascist, and he is personally all over our case............????............and he has made FRANK HOLDING......................????...............watch that AH lose his fake THRIFT...................
.....no worries...........no hurries...............aimho....................
Chicken, with fresh cherries and kale salad, with a bit of gorgonzola cheese and garlic. Delish...
....cryptography........subliminal..............ms. noodle...................seriously.....................at least the reference to "DC"...............................
.....DC is alleged to have engineered the unlawful seizure of that dirty Denver THRIFT.....ala a job kickback.....???........but this DC character then was called upon to, well, assist in the REMUNERATION of the groundless and unwarranted SEIZURE.......???......on behalf of his former business partner, one frank holding.....???...
......another party to this grave injustice...............martin j. gruenberg........"parent in the room" ---ESQUE.......statutory............issued assurances to all involved.....????......
.....also, you didn't mention what was on your brunch menu, ms. noodle.............should we guess........????................purple hue.......????.............aimho........
Glad I read this before I ate…
Dude: absolute worst possible outcome with this POS.........getting strung out for another year....and then receiving a $3.50 p/s regular dividend from the FDIC and a day later, $5.25 p/s liquidation/cancellation payout on the uwbi cusips...................ARMAGEDDON...........
strange twist..........we could close out the FDIC Receiver in the next couple of weeks..........AND GET THE SAME DOLLAR AMOUNTS AS CITED ABOVE.........
so, the only unknown is the $$$/amount on sonterra/LIBOR................if any.........and when..........
really, not a bad position to be in, also given the interest accruing on the holdco sale proceeds...........5.375%.........today...........aimho...............
.........USA PRESIDENT KAMALA EMHOFF's HUSBAND.................????.............
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.....FCNCA.....$1,641.13......-29.71........(-1.78%)......should we pile on the world's biggest AH...........????......
....many banks are down and FCNCA is in a free fall.................????.............
.......$1,641 / 100....................$16.41 per UWBI cusip................TODAY's PAYOUT...................better be.....or else......
.................dunno, but we would take BOXCARS, per, 12, today on the purple polecat poop.......as FCNCA drops below $1,200.......nice......aimho.....
....each passing day without DECISIONS on sonterra/LIBOR........to me, means the interpretation of the entire case is COMPLICATED and the final verdicts on the appeals will be CLOUDY.....................MURKY AS F**K......................and this is GREAT NEWS, imo.......................
....certainly the appellate court is gonna dig deep into the legal issues surrounding all of LIBOR...............versus snarky dismissals............
....WE - WE (FDIC/RECEIVER) might not cash in on sonterra/LIBOR............HOW-------------mother--F**K--ing---------EVER........WE stand to GET THE MOST IN A JURY PUNITIVE DAMAGES AWARD or a SETTLEMENT.....with the UBS PERP...................given super deep legal and technical court legalese..........which we will get, because of the time taken by the judges reviewing these cases, imo......
...........SO, PAY THE F*8K UP, Sergio P. Ermotti, you weasel turd................ANTITRUST CRIMINAL........THEN GET THE F**K OUT OF THE USA.........OUTRAGEOUS TORTIOUS BEHAVIOR, Sergio P. Ermotti...........GUILTY.........LITTLE PEOPLE WERE HURT THE MOST BY THE BLATANT LIBOR CRIMES..........................THIS IS THE BASIS OF THE SONTERRA SUIT................$10-BILLION DAMAGES AWARD, pending, Sergio P. Ermotti......aimho......
YOU FORGET DIP CHIT I bought at 4 and 5 and got out at 10-11$
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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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