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....LIFE doesn't work like that, BAMBOO...........timing wise..............the crash is coming, 100%, and we may or may not have the UWBI money........????.......
.....bottom line, BAMBI...............WE TAKE UBS AS DEEP AS POSSIBLE into the sonterra case........THE FDIC HAS A SOLID POSITION......legally...........and is gambling, but holds all the cards.....................and the defendant perp is proven to be guilty............and has $414-BILLION in idle cash............the swiss regulator announced today that it is increasing the capital requirements on UBS, specifically, but SO WHAT..............$10 or $20-billies.......???........
.............ALL THE WAY, BAMBI..................could take a year or two, which is perfectly acceptable...............no worries and no hurries..............
.................THINK BIG, bambi...................TALK BIG................BIG BIG BIG BIG, everything, BAMBI...............then BIG HAPPENS.........bambi............
Agree BUTTTTTT sorry I want it in my hands to KNOW WHAT I/WE WILL HAVE to work with PRIOR to the CRASH, but the crash is coming
...the publicly-traded banks are reporting, today.........window-dressing.............
...to wit..."Every national bank, state member bank, insured state nonmember bank, and savings association ("institution") is required to file Consolidated Reports of Condition and Income (a "Call Report") as of the close of business on the last day of each calendar quarter, i.e., the report date. The specific reporting requirements depend upon the size of the institution, the nature of its activities, and whether it has any foreign offices."..............per FDIC charter................
....but the specific items in the bank's portfolios aren't known, until a formal FDIC exam.............the larger loans are all rated, and required to be reviewed internally, but.............THE FDIC CANNOT MONITOR AND CONTROL ALL OF THE BANKS........just those examined, and then given a C&D and put on the supervision list...............which is a death sentence, imo, unless the bank brings in fresh capital......which has happened during the past 10 years.....too much money......
....the tide in banking always turns and the current situation of an armageddon is long over-due........gonna get nasty..........and I hope - hope holding to EXPLOIT THE SITUATION........(with fresh cash from the uwbi matter).........aimho............
Fred
"""..AT LEAST 400 BANKS ARE INSOLVENT and another 200 are grossly UNDERCAPITALIZED, in the USA....."""
Aren't bank reports due out pretty quick
AN FYI
The bank my family and inlaws own a good position in in S OK when they put out their K1 this year had a letter from the Pres in it.
Now this is a bank that in 2023 pulled a 17% ROI on assets........... BUTTTTTTTTTTTTTT they letter went like this
I wanted to inform you all that in 2024 we will be reducing our divie by 20% and you need to inform you CPA's of this so they can adjust your quarterly withholding payments accordingly......................
NOW our PRES is very conservative and the bank BOBVIOUSLY does very very well !!!!!!!!
My WAG is he is being cautious and at the same time will use that cash to buy up distressed stocks and assets.................
JUST AN FYI which means to me the CRASH IS COMING
.....AT LEAST 400 BANKS ARE INSOLVENT and another 200 are grossly UNDERCAPITALIZED, in the USA................in our opinion..............
....yes, it is a MATH PROBLEM, due to rising interest rates and the banks with problems have securities on their balance sheets that are way down in value.......
....so wait it out, or panic and start seizing......????...........the FDIC has this problem.................
....and then, besides the balance sheet mis-match problem, there are billions and billions of COMMERCIAL REAL ESTATE LOANS that are going bad.....???.....and commercial banks in the USA have 50% of ALL commercial real estate loans on their books.................
.....BANKING ARMAGEDDON........or a non-issue.............????...........dunno........dun really give a damn.....(trying to merge to large banks and both are wobbling.....mightily..........)..........
....and then there is FRANKIE and his failing credit union.......FCNCA could be the first big bank to COLLAPSE..............due to the CIT exposure - - watch how fast the FDIC turns on banker frankenstein............DC EMHOFF ain't gonna be around much longer, either...................
............just pondering while we await the BIG DOLLARS on that nasty Denver THRIFT scandal............payoff gets bigger every day.........aimho............
....we believe there have been at least 45 settlements, re: the LIBOR scandal, totaling over $10-billion.........and only 4 legal cases remain open, according to Bloomberg News..............I see that LAR LAR GREEN's might be the 4th, then our two and Bernie Madoffs.......???.....
....In 2021, the Commodity Futures Trading Commission (“CFTC”) awarded just under $200 million to a single whistleblower who assisted the agency in its sprawling investigation of the LIBOR scandal. At the time, that was the largest whistleblower award in history........May 10, 2023...........
....remember, fellow fairies, BY PROCLAMATION, hereon, WE, as uwbi cusip vermin, stated, without reservation, THAT WE WANT A FULL JURY TRIAL ON THE SONTERRA CASE.............with punitive damages on all of LIBOR, assessed to the defendant.................NO SETTLEMENTS and NO RESOLUTIONS OF ANY KIND.......EVER..................
....if any of you limp-wristed, emotionally unstable, panic stricken uwbi sewer rats want to SELL OUT, dirt cheap.........WITHOUT A FULL JURY TRIAL ON SONTERRRA.....................GET LOST..........STAY ON the ETSY AND PINTEREST AND WaMu websites...................aimho.................
NEW LIBOR INFO
David Kovel made history on 4/11. He has an impressive profile in handling a settlement with so many defendant banks as this one.
4011 04/11/2024 DECLARATION of David E. Kovel in Support re: (880 in 1:11-cv-02613-NRB) MOTION to Approve Preliminary Approval of Settlement with Credit Suisse AG, Lloyds Bank plc, Bank of Scotland plc, NatWest Markets plc, Portigon AG, Westdeutsche Immobilienbank AG, Royal Bank of Canada, RBC Capital Markets, LLC, Coperatieve Rabobank. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.
1Exhibit 1
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More filings related to this settlement....If you did any exchange-base trading you may want to review some of these links.....doc #6 for POC...... I don't know if this apply to our K but in either case you don't have to resubmit if you already done so......
4013 04/11/2024 PROPOSED ORDER. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Related Document Number: [4009]. Proposed Order to be reviewed by Clerk's Office staff.
4012 04/11/2024 DECLARATION of Elaine Pang in Support re: (880 in 1:11-cv-02613-NRB) MOTION to Approve Preliminary Approval of Settlement with Credit Suisse AG, Lloyds Bank plc, Bank of Scotland plc, NatWest Markets plc, Portigon AG, Westdeutsche Immobilienbank AG, Royal Bank of Canada, RBC Capital Markets, LLC, Coperatieve Rabobank. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.
1Exhibit A - Curriculum Vitae
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-A-Curriculum-Vitae/nysd-1:2011-md-02262-04012-001
2Exhibit B - Profile of A.B. Data's Background and Capabilities
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-B-Profile-of-A-B-Data-039-s-Background-and-Capabilities/nysd-1:2011-md-02262-04012-002
3Exhibit C - Postcard Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-C-Postcard-Notice/nysd-1:2011-md-02262-04012-003
4Exhibit D - Summary Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-D-Summary-Notice/nysd-1:2011-md-02262-04012-004
5Exhibit E - Long Form Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-E-Long-Form-Notice/nysd-1:2011-md-02262-04012-005
6Exhibit F - Proof of Claim Form
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-F-Proof-of-Claim-Form/nysd-1:2011-md-02262-04012-006
7Exhibit G - Plan of Distribution
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-G-Plan-of-Distribution/nysd-1:2011-md-02262-04012-007
8Exhibit H - Redline of Long Form Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-H-Redline-of-Long-Form-Notice/nysd-1:2011-md-02262-04012-008
9Exhibit I - Redline of Summary Notice
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-I-Redline-of-Summary-Notice/nysd-1:2011-md-02262-04012-009
10Exhibit J - Redline of Proof of Claim Form
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-J-Redline-of-Proof-of-Claim-Form/nysd-1:2011-md-02262-04012-010
11Exhibit K - Redline of Plan of Distribution
https://www.docketbird.com/court-documents/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-K-Redline-of-Plan-of-Distribution/nysd-1:2011-md-02262-04012-011
11 Attachments ?
......the knife used in the Nicole Brown/Ronnie Goldman incident came from Nicole's cutlery set...................does this have any impact at the trial of the century.........???........moot, would be the legal description, of the knife source........????...........
......further, the Bruno Magli shoe prints, outside Ms. Brown's condo, were shoes proven to be sold to Orenthal.......however, the shoe salesman did not come forward until the civil trial of Orenthal..............shoe prints cost Orenthal $33mio...............rightfully, wrongfully.............
...........RIP, juice........................
......................awaiting juice on those f**king worthless, wiped out uwbi cusips........................hope - hope holding we ain't in heaven with juice before we get the juice on the uwbi cusips...........just sayin'.................................
......dunno what SERGIO would do if you were his counsel, BAMBOO...........or if there are any tall buildings in Zurich..............
......numerous legal undercurrents (defendant class add-backs, case itself remanded on a legal technicality, ANTITRUST tag could be removed, even if suit stands, etc)............
.......settling, however and/or whenever, is the BEST ADVICE, bamboo..........but when.....???..........UBS ain't gonna prevail, even if on a remand......I would recommend throwing out anything to get a response from marty gruenberg, or his counsel, to smoke out the FDIC's position......FDIC might not want to settle, EVER, no matter..........using ALTRUISM and wants a jury of little people to slam UBS...........?????...............
....also, the BERNIE MADOFF trustee/cusodian, Irving Picard has entered a request to 'enjoin' on our decision as a relator...???.....meaning Madoff is gonna sit at the end of the line.......????......a little peculiar, but whatever.............then LAR LAR's case and our two..............
.............maybe SERGIO should hire you as counsel, BAMBOO...................might cost him $50-billies..........(wink wink, bamboo)...........aimho..........
.
Fred
Based on the following, would you really want to be the last ELEPHANT in the room in a case like this and in front of a JURY over it.
This make UBS appear as ONE OF THE LAST ARROGANT DEFENDANTs , while OTHERs are apparently settling and admitting some mistake or liability.
LETTER MOTION for Conference Regarding Preliminary Approval of Exchange-Based Plaintiffs' Settlement with Remaining Defendants addressed to Judge Naomi Reice Buchwald from David E. Kovel and Christopher Lovell dated April 9, 2024. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.
Also ever day that goes by, the values GO UP, if I was acting as their counsel I WOULD SUGGEST they settle SOONER THAN LATER, like yesterday.
Holding out in this case is a very bad legal decision to make and in turn will cost them much much more.........................IMHO
...legal expert on LIBOR said UBS will take sonterra case to trial, then settle as late as possible in the process and pay the standard $800mm, ANTITRUST penalty....in a settlement......???.....probably another year +/-.....................
...the math on that = about $14 per, in the end............$9 of which is a qualified dividend..................sounds legit...............could be sooner..........aimho.............
.
much love, my dearest LAR LAR...........the action you referenced is a court recognized "related case" and cited in sonterra v. barclays (our case)................but I don't believe the FDIC as Receiver has any skin in that game.........?????.................the settlement in your case will weigh upon our case, so there is a connection.....
sonterra v. barclays....with UBS remaining as the lone member of the defendant class, subject to the appeal which is pending at USCA/2...............
dunno what to think, LAR LAR, at this point.......same old, same old.............pain and agony waiting and not knowing anything other than SPECULATION.........
we ain't dead, LAR LAR.................and we know we have about $10.50 per, on account, with $5-per, accruing nice interest.............
appears your i-HUB wife, BALTIMORE BOB, is bogarting the weed vape tool....again.....aimho....
Thanks, LG, we can only hope.
LIBOR SETTLEMENT NOW HAPPENING? Thanks goes to Ron on BP
Libor settlement may be happening now.....
Thanks Ron.
LETTER MOTION for Conference Regarding Preliminary Approval of Exchange-Based Plaintiffs' Settlement with Remaining Defendants addressed to Judge Naomi Reice Buchwald from David E. Kovel and Christopher Lovell dated April 9, 2024. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.
....CHINA's ECONOMY HAS TOTALLY COLLAPSED...........but the CHINESE government is paranoid that donnie trump is getting back in the usa crow's nest......
...so the chinese fascist government can buy time and try to game the USA presidential election.....again..........might work......putin wants donnie back......saudi arabia wants donnie back..................europe wants grandpa joe................dunno.............lots will happen between now and 11.5.2024........great entertainment.....is DC EMHOFF doing anything for us/frank....??.
....personally, the USA economy needs a reset..........might get ugly if the stock market starts to spiral down...............
...who me...??....WIN WIN WIN WIN.......armageddon.........world war III.......china collapses..............n. korea launches a big one.....<yawn>......<yawn>........gotta get some juice outta that Denver THRIFT stock nightmare........but we got good intel from marty, so no worries......just a timing issue....no hurries, either....aimho.....when is the next eclipse.................???,,,,,,,,,and GO ORIOLES.....................
................$16.41 per, BOBBIE..................or much much much more..........but $16.41 per, if soon, works...............
...as for donnie and grandpa......GREAT ENTERTAINMENT........fascinating......donnie is off-the-charts captivating.....????...dude is a freak.....the stuff he takes on every single day and he keeps on going...?
......but, bobbie...we gotta close out this uwbi matter, soon.....seriously.....I can't solve it, yet......but I'm trying every day..... ..
.....I'd like to muscle the F**K up and take UBS deep into a jury trial and try to get MAJOR DOLLARS from UBS on all of LIBOR....quite possible.....
...as stated earlier today, bobbie...............UWBI SHAREHOLDERS WANT THE FULL JURY TRIAL ON SONTERRA.....no panic low-ball sellouts, bobbie...please stay on ETSY if your wrists are getting limp or your knobby knees are starting to wobble............aimho................
.
BREAKING: Inflation is up 3.5% over last year — "HOTTER than expected."
— RNC Research (@RNCResearch) April 10, 2024
Overall prices are up 19.4% since Biden took office. pic.twitter.com/YfTcMe4Bel
...AGREED, BIP.......totally a contrived number.....meaningless...........this entire RATE CUT FRENZY is bonkers...........the FED ain't cutting rates.......
...what's scary is how naive everyone is.......brain-dead dorks.....playing on their phones all day..............
....asset prices are going to get dirt cheap, imo...........or some are..........just as the UWBI sewer rats get piles of FRESH CASH.................
....and Electric Vehicles is another ruse.....TOTALLY SUCK.......hate those f**king turds...........hybrids are cool.......FAKE WORLD.....delusional suckers......
......work on that $16.41 per, BIPPIE................might pop quite soon...............BIG TIME SERIOUS BIZ..............aimho.................
FRED
It is IS IS an election year and OBIDEN needs all the help he can get and the DIMWHITLIBS will just buy his spew
Notice they did NOT add in food or fuel of any type
""inflation is running at 15%, imo and not 3.5%..........WTF.....NAIVE AHs.........GET REAL.....""
....slight blip UP in March inflation and the stock market COLLAPSES...free fall....?...
.....inflation is running at 15%, imo and not 3.5%..........WTF.....NAIVE AHs.........GET REAL.....
....FED NEEDS TO RAISE INTEREST RATES.....3 times in 2024 and bring prime to 10%..........
....ARMAGEDDON, the WORLD GOES DOWN THE TUBES, donnie or no donnie...dunt matter one iota...
.....UWBI cusip femdoms iz gonna cash in, BIGTIME....as baltimore burns.....aimho....(F**K YOU, SERGIO)..
...AGREED, beanbag, sir..............class action lawsuit, and the defendant class is gonna get SLAMMED........note in the Deutsche Bank settlement agreement how complicated it was for DB to request removal from the D/class - - - - and that was conditioned, in that DB could be added back to the case, and then, by court approval, removed and thereby not bound by any reversal at the appellate court...........
....POINT BEING, BALTIMORE BOB.................we don't care, one way or the other........UBS is on the hook, regardless and UBS is the main perp......AND....AND.....did I mention that UBS has $414-BILLION in idle cash on its balance sheet..........????..........and plans for a HUGE EXPANSION IN THE USA TO BUILD ITS WEALTH MANAGEMENT BUSINESS.........................no worries, BIPPIE.............no hurries, either...........................aimho..............
Fred
""" that a few of those perp banks are getting added back to the formal action............that's my take................"""
Adding them back to aide in the penalties, so NO SINGLE or few banks have to take that heavy of a direct hit.
ALL were guilty so spread fines out to all
Dude: we are waiting on the sonterra cross appeals............obvious problem of some sort......????......appears to me the main, basic suit will be upheld, in our favor, but that our appeal, that a few of those perp banks are getting added back to the formal action............that's my take................
there really can't be much else, although the legalese on the suit and the appeal and the briefs entered on both sides are just piles and piles of meaningless word-isms and double-talk gobble-dee-gook.....................
FACTS: LIBOR actions were "tortuous"...........PROVEN............damages assessments will be made in a jury trial, soon to be scheduled, following the decisions on the cross appeals..........................BASIC LEGAL PROCESS IN THE USA...........................
ya gonna get slapped with a $10-billion punitive damages DECISION, SERGIO.......and plaintiff should move for "EXPULSION FROM THE USA" upon convictions of egregious and horrific Sherman and Clayton ANTITRUST VIOLATIONS, along with the international commodities act......you are toast, SERGIO......F**K YOU and GET OUT NOW.....................aimho....
..... KNOW ALL MEN BY THESE PRESENTS, now and forevermore, that the UWBI cusip shareholders, support and proclamate that all efforts be afforded to secure a jury verdict and award of punitive damages in the action so titled, sonterra v. barclays, Case No. 15-cv-3538........
In His Holy Name, this tenth day of April, in the year of our Lord, Two Thousand, Twenty-Four
__________________________________
FREDERIK QUICKSILVER SCOTT I
Registered Representative
UWBI, shareholders united
...
SCREW it bring the $16.41 and we'll all JUST disappear anyway
CONSTRUCT a CHAT/GPT on this entire debacle, BALTIMORE BOB..........ya get a read-out that is a SLOPPY MESS OF GIBBERISH AND NONSENSE.......most taken from the BK filings, the BJ articles, the SCOTUS case..................AND..........AND............several of my pronouncements and decrees......FROM HERE.....???.....very, very weird and the posts were some, well, deep and accurate....???......
TRUTH WILL SET YOU FREE, baltimore bob...........and being a wimp and weak is not always BAD, baltimore........bipolar, not so much..................
you know our motto, BIP.......all is well that ends well...........
bring home the $16.41 per, BIP and we will forgive many of your transgressions, hereon.........................
I still contend it will be real close , but you just don't tell the truth
.....probably not related to that snippet, baltimore bob................specifically.........that was the adjusted asset side of the balance sheet reflecting what frankie DID NOT BUY.........crap..........and the LIABILITIES side of that sheet was omitted, balt...........no problem.....................
....oh and TOO LATE TO RENEG ON YOUR $16.41 per GUARANTEE, balt.................stop with the wimping out.....and why be weak...??....$16.41 per works all day long, and is my 3rd estimate, based upon FACTS and EVIDENCE........stay on ETSY if you are having a panic attack, BALT, but do deliver on the $16.41 per......
FRED
YOU DO MEAN MY WAG based on what was NOT ASSUMED by the acquirer
"" is your $16.41 per share, GUARANTEE"
I do not make guarantees
THIS IS JUST SIMPLE MATH
3.5 Assets Not Purchased by Assuming Institution
3.5 (l)Excluded Securities
the securities listed on the attached Schedule 3.5(1)
THEN THIS SHOWN I GREEN
$256,846,259.85
...your quantum physics and advanced calculus might confuse our readers, BALTIMORE BOB................to wit, comes now................the great irony in all of this, BOBBIE, is your $16.41 per share, GUARANTEE just might be the closest approximation in our entire universe of FORECASTERS, hereon...................might be genius, or even the blind squirrel / broken clock luck factor............
...BUT WE DO ACCEPT THE $16.41 per, PROCLAMATION, bobbie................matches all metrics perfectly.................($1-billie on the SERGIO SURRENDER)........nets us $4 per on Libor, added to $12.50 per, on accounts, at present..........GETERDUNN........
GOTTA KNOW WHEN TO HOLDEM AND KNOW WHEN TO FOLDEM
..........SURRENDER, SERGIO P. ERMOTTI, OR WE EXPELL UBS FROM THE USA...............
....seriously, sir, REREAD THE CORE SONTERRA v. BARCLAYS action statement...............UBS is responsible for the HARM created and manifested by the LIBOR crimes.............and BLATANT VIOLATIONS OF USA's ANTITRUST LAWS.......PUNITIVE DAMAGES APPLY............
......gotta bring this matter to a close, SERGIO.......................sooner rather than later....................
....your call, SERGIO.....smart business settles this case ASAP.....................aimho.................
......IF.....IF.... Sergio P. Ermotti were smart..........which he ain't..........SERGIO would float a settlement offer under Marty Gruenberg's BIG NOSE.........both dorks realize there is a problem on the cross appeals.................Marty might sense a problem and sell out cheap..........$250mm, for example and he lets UBS use that INNOCENT/IMMUNITY DISCLAIMER settlement language in an agreement....................????...........
.....and again, the point here is SERGIO can smoke out Marty's strategy on sonterra..............very smart, imo..........sergio's legal team UNDOUBTEDLY either did approach Marty, imo, or at least bounced the concept off of SERGIO....................
....if both sides are stonewalling...........OK by us, as well.........BIGGER POT.................but this remains a very, very, very serious LEGAL CASE facing UBS........SERGIO can play games and act tough, but UBS is gonna get SLAUGHTERED, imo.......and cannot win, in the end and the dollar amount grows by the minute...........................
.....once the sonterra appellate decisions come out.......BOTH SIDES LOSE LEVERAGE...............but, imo, SERGIO CAN ONLY LOSE.....so the logic matrix = control the losses with the stongest negotiating position........whatever........F**K SERGIO, either way........pay up, or get the hell out of the USA, sergio....aimho...
....ONLY CREDIBLE NEWS ON THIS POS WILL COME OUT OF THE U.S. COURT OF APPEALS, 2nd CIRCUIT.......................
....re: the sonterra v. barclays, cross appeals because there are two, directly related.......(I check the court records, every day)...............
....beyond that, no clue...........definite COMPLICATION, imo at the appellate court....100% certainty, given the extensive time of review.....100%......
....but a problem at the appeals court is GOOD NEWS, imo, because there are "changes" being made to the decisions........
....WIN WIN............we can't lose, except that sonterra gets reversed and is DEAD.....<yawn>.....<yawn>......the we get paid out in 30 days......OTHERWISE, we take down UBS for $10 bills and await a $60 per cusip share payout..........hello...................aimho....
....corner of our eye.........FCNCA.....$1,637.00 +42.43 (+2.66%).......................
....Guy asked politely that we leave "the AH" alone....???.....so we won't................whatever.......
...as long as we get paid out at, a minimum of 1 / 100 of the FCNCA share price.....$16.37 per, TODAY......all is well, or will be.............
....prison ain't off the table, yet, for BANKER FRANKENSTEIN................aimho....
...oh and SERGIO..............cruising for a bruising...............$10-billies and EXPULSION FROM THE USA.......stiff freddie scott and, as with frank holding.........gonna pay........dearly..........
DUDE: assume (and DC EMHOFF - - who dat???)................that the UWBI cusips are WIPED OUT AND WORTHLESS..............who cares....???.........
x.xx, per..............uwbi doesn't exist..............(yawn)..........(yawn)........so what, life happens.....the THRIFT FAILED and was seized........(yawn)........
minor problem with the WIPE-OUT mentality..................???..............FRANK..........'member that AH...........???......no.......well, this FRANK dork bought the uwbi holdco and captured the NOLs..........used 'em up...............netted over $25mm on the transaction, via the spread......(but his mother saved over $55mm in estate taxes and also benefitted the bank's capital level and was able to convert mommy's stock into preferred = tier II capital)...............
if the UWBI holdco sale to FCNCA transaction is not completed in accordance with the strict IRS rules on like-kind NOL/tax credits.......=.........CRIMINAL SUPPLICATIONS........if we don't get paid on the holdo proceeds......FRANK B. HOLDING, Jr.....goes to prison (possibly).....hello.........???
ARMAGEDDON on uwbi = $8.50 per......worst case.......probably nearer to $9........$6 per on frankie's feces and $3 from the FASCISTS.......if sonterra dies on legal loop-holes......aimho.....
.....the ULTIMATE success in a capitalist society is to make money, while asleep................???...................
......and the UWBI purple polecats are doing just that.......SNORING LOUDLY in a deep slumber......all while the proceeds from the sale of the holdco EARN BIG FAT INTEREST.....5.35%...................................
....as we sit, comfortably, awaiting BIG MONEY paid as the final distribution from the failed bank RECEIVER............as promised, by the FDIC...............
.......tingle, tootle..........PAY UP, SERGIO, YOU FOOL.........sonterra damages are INCREASING, exponentially, with each passing day.....aimho.........
didn't BARCLAYS buy up LEHMAN, sans NOLs.......???........complicated mess which triggered the great financial crisis..........in ameriKKKa......and the other great irony of Lehman/Barclays is that almost no one took a big loss on Lehman, other than a small cadre of common stockholders at the bottom on the food chain....
the FDIC can be ruthless with OFFSHORE, foreign national bank entities.....that it does not regulate, and therefore cannot BULLY.......the problem the MIGRANT banks have is..............they still have to deal with the FDIC, indirectly........almost daily on all types of situations the foreign banks have with USA banks.........
WTF, does any of this have to do with UWBI............????...................FDIC is suing UBS for antitrust violations and seeks damages for ALL OF LIBOR, that is, PUNITIVE DAMAGES as a result of the POOR, LOW-LEVEL USA CITIZENS WHO WERE HARMED BY THE CRIMINAL BEHAVIOR...........
so, pay the F**K UP, Sergio P. Ermotti, OR WE TAKE YOU AND ALL OF UBS DOWN...imho.....and GO ORIOLES...
Hmmm, wouldn’t their departure bode well for a Phoenix Lehman rising from the ashes with 50 B in NoLs…
...ALL THAT IS HAPPENING, baltimore bob, is in your/our "BEST INTEREST"..............which is a legally defensible term and assessed on an economic basis (meaning not on emotional weakness or "BEREFT")..............
...to wit, comes now, BALTIMORE BOB..............longer chase = bigger catch.................BIG BOYS PLAYING HARDBALL, balt......................potentially at least 20 silk-stocking law firms are coddling this mess.............................those wiped out, worthless UWBI cusip vermin might cash in BIGTIME on the biggest settlement on all of LIBOR..............(crimes happened in 2005 to 2008, although a court decision stretched it to 2010?)...................onward, baltimore............suggestion to you, BALT...............THINK BIG, TALK BIG, WALK BIG, ACT BIG, BE BIG, balt........................... = you're BIG, balt.....................aimho.....................
ONE DAY !!!!!!!!!!!!!!!!! I just hope we are all still alive
.....Sergio P. Ermotti should be STRESSING over this POS.......not US - US fairies..........................
....UBS should get slammed with a $10-billion punitive damages judgement FOR ALL OF LIBOR and get EXPELLED FROM THE USA (UBS is a foreign national and will not do well in an inner-city federal district court........especially when a jury sees that UBS viciously abused poor, underprivileged cute schoolchildren......outrageous behavior and blatant ANTITRUST VIOLATIONS for hundreds of $$billions)......
............so pay the f**k up, SERGIO.............asap........and then prepare to sell your vast investment banking operation, in ameriKKKa.........the competition, in the USA will be very happy to be rid of UBS as a competitor....................GOODBYE, SERGIO and F**K YOU...................wire the $10-billies within the next 15 days, or sooner..................
........tingle, tootle.............aimho.......................
4/2/2024 Notice of Termination of Receiverships
A Notice by the Federal Deposit Insurance Corporation on 04/08/2024
Federal Deposit Insurance Corporation
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as of 04/06/2024 at 10:15 pm EDT
Published Document
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
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
10029 Bank of Clark County Vancouver WA 04/01/2024
10048 Omni National Bank Atlanta GA 04/01/2024
10538 Almena State Bank Almena KS 04/01/2024
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 April 3, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-07371 Filed 4-5-24; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2024/04/08/2024-07371/notice-of-termination-of-receiverships
Dude: UBS COULD CAVE IN AT ANY MOMENT.....................and throw money at this sonterra problem.......................
I don't G/A/D........................CLICK..........CLICK...........and I net over $100-MILLION.....................CLICK CLICK................
UBS could fight the case all the way back to the SCOTUS and win or lose.................who cares........????.............
I would not want the FDIC suing me for a proven ANTITRUST CRIME.........that's about as BAD as it gets, imo.......UBS has no chance, none.....aimho......
.
"most knowledgeable" dork, re: this UWBI POS..........and I ain't gotta f**king clue as to how, or when the nightmare ends, if if ever ends.............................
HOW--------------------MOTHER----------------F**KING-------------------EVER.........................we have some funds safely in the bank earning interest from the sale of the holdco entity........????........deposit receipt indicated $138.6mm...........??...........but there appears to have been about $6mm, in the account already........call it $144mm with interest accruing now at 5.35%.......tingle...............
further, we are waiting, per DIRECTIVES from the FDIC, on a dividend, from the failed bank receiver.................if applicable???........meaning, if the Receiver has a positive cash balance, dividends will be paid out, to "proven creditors".................we estimate $186mm, but the recoveries log only has about $116mm+......but there is no entry for RBS, which was about $60mm (lot of creepy #6's with this evil case??).....................
super wild card with the sonterra v barclays suit on LIBOR/sterling, that the FDIC has taken control of, as plaintiff lead counsel, although we have two outside law firms representing plaintiff.........................recoveries from sonterra range from 0$ to $600mm (our 12.9%)................on a loop-hole plaintiff is seeking PUNITIVE DAMAGES FOR ALL OF LIBOR.........................ALL OF LIBOR................cross appeals are pending, but the outcome on this will probably be HUGE, imo....(lone defendant has a cash hoard of $414-BILLION and is facing an ANTITRUST action by the USA government) ..
whatever............let the rats scurry around the bottom of the dumpster........more time = more money........give them the middle finger larry and the opinion waiver...........and thank the fairies for my daily $1,500 accrual on the frankie fecal matter..............
For years, I used to always feel a minimum of four to six bucks a share would return if any did at all so about one year ago, I changed so now I am between eight and twelve a share if any returns period.
Summer to late Fall for monies into accounts would be my guess.
…
Is this good for us?? I mean obviously I would LOVE a settlement as soon as possible. But I mean, do you think we'll get a decent settlement for shares if it happens soon?? I hear so many estimates??
....IF sonterra gets traction.......CLICK....CLICK............$100-million, net.........tyvm.......................
....reality is probably BOXCARS/hansel & gretal/12, per..........6 from frankie's AH plus 6 from the fascist clawback............fall of 2024.......
.....our BIG PAYDAY can only come from UBS caving in on the final LIBOR punitive damages settlement......might be no case, no settlement or a small one....
.....no worries and no hurries.....just leave my daily $1,500 cash envelope in the packages box at my front gate and then get the f**k out of my hood........
...............aimho..............and............GO ORIOLES.....................
LIBOR8 SETTLEMENT LOOMING???
Thanks goes to BP Poster, Hold.
——————————————-
After the Judge ultimatum response many of OTC plaintiffs dropped their claims at the end of fact discovery deadline, I guess they were hoping Judge would approve their request. They should have hired additional attorneys if they really wanted to continue this legal battle, imo.
4003 04/04/2024 STIPULATION OF VOLUNTARY DISMISSAL It is hereby stipulated and agreed by and between the parties and/or their respective counsel(s) that the above-captioned action is voluntarily dismissed, with prejudice against the defendant(s) Citibank NA, Citigroup Inc, Citibank, N.A. and without costs pursuant to Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure. Document filed by California Public Plaintiffs, City Of Houston, City of Richmond, City of Riverside, County of Mendocino, County of Sacramento, County of San Diego, County of San Mateo, County of Sonoma, East Bay Municipal Utility District, San Diego Association of Governments, San Mateo Couty Joint Powers Financing Authority, Successor Agency to the Richmond Community Redevelopment Agency, David Sundstrom, The Regents of the University of California, The Richmond Joint Powers Financing Authority, The Riverside Public Financing Authority. Proposed document to be reviewed and processed by Clerk's Office staff (No action required by chambers).Filed In Associated Cases: 1:11-md-02262-NRB et al.
Now with everything said and done, an imminent settlement agreement will likely be formed any day.
…
FRED
""" ASSET CLASSES are all going to DROP, and have been dropping............and we are saving ourselves from ourselves, by waiting..............."""
Guess what EINSTEIN ..
Land aint dropping and that is what I want to buy, screw the markets, I have 3 hopefuls in the markets IF IF IFIN THEY HIT , POOF I AM GHONDI
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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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