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.....NO COMMENT....................heard off record that some BIG BOYS are "crafting" paper, on the worthless POS cusips................makes sense.............ya got an ANTITRUST VIOLATOR, child-abuser, dirtbag MIGRANT bank.................with $500-BILLION cash in its knockoff Hermes Birkin 20 Faubourg Sellier Bag purse (real ones are $400K).......
....some kinda complication at the appeals court on the cross-cases.....????........which is GOOD, regardless of the details.....simple solution........PAY THE F**K UP, SERGIO, OR WE TAKE YOU DOWN...................for $10-bills and immediate EXPULSION FROM THE USA.............
....we should probably take this BLOG, private, to maybe, TRUTH SOCIAL...........invitations ONLY.............no salamanders or sand-fleas or bipoles.........
.....up yours to all......aimho......no hurries and no worries..........none..........and ORIOLES are the best team in baseball, at present.................
never happened nor will it
.....will take your apologies under advisement, BEST INTEREST BOB.................accordingly, feel free to work on your sense of humor, thickening of skin and a possible enhancement of the man region area..........................your "best interests"........BEST INTEREST BOB...............
.....fascists are obligated, imo, to deliver a price point on our cusips of anything GREATER THAN, OR EQUAL TO...............1 / 100 of frankie's fudge factor.......to wit, comes now............................we don't really trust the devil, but these creeps do throw around BIG CHUNKS of MONEY, best interest bob............in the end........and UWBI remains a very serious matter, best..........aimho.......
.
BRING THE 20 ON DUDE I'd be down wid it
...........$2-billies on sonterra = $20.50 per, bobbie.......versus.......$1,756.64......+117.01....(+7.14%).......FCNCA, at this moment......
.................so, $17.50 per, worth of frankie's fecal matter.............OR MY $20.50 per................BOBBIE........were you a math major in grade school, biglots......???.....
YES YOU SHOULD HAVE SINCE YOU SUPPOSEDLY HAD GUYS EAR
....not to rub it in, my fellow non-bines, but..............this is painful..........ARMAGEDDON in the USA, then this..........
.....First Citizens BancShares, Inc. (FCNCA)......$1,759.18......+119.55.............
....you fudge-packers shoulda taken and kept frankie's stock............versus trusting fascist bank regulators to remunerate you....???.....
......whatever.................early cocktails today, larry...........the vase, too....................
.............."GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates"................
....(yawn)...........(yawn)..............where the F**K is our money on the Denver THRIFT stock, ms. scott.......???........
....ARMAGEDDON, WWWIII...........nukes in middle least.........CHINA ECONOMY COLLAPSES.........(yawn).....DONNIE IN BUTNER, WTF........................
..........USA COMMANDER IN CHIEF..........kamala harris..........(1st GENT....????.......UWBI caper perp...???....DC something - - - - weirdness with UWBI never ends....)
..............$$$$$$$$$$$$$$$, ms. scott...........F**K YOU on all else...........all else...............except weed, whites and wine).............
https://finance.yahoo.com/news/svb-owner-first-citizens-profit-114527251.html
whatever.............until we get our money, frankie is the world's biggest AH.................
one day, the FDIC will turn on the FRANK BANK..............
1,721.61
+81.98
(+5.00%)
Pre-Market: 8:34 AM EDT
.......KEEP OUT.....only news on this POS comes from the U.S. Court of Appeals, 2nd CIRCUIT........("sonterra vs barclays")........
.......we check this, 1st thing, every morning.................LONG OVERDUE FOR DECISIONS......but there are two cases, cross appeals........
.....these cases indirectly involve the U.S. government, so we believe both appeals will be "upheld" but could be remanded on legal technicalities.......
......no worries and no hurries......let the rats run around the bottom of the nasty dumpster..........$1,500 per day, accruing on my tab......aimho...
....FREE DONNIE...........RESTORE THE CONFEDERACY..........and GO ORIOLES...........
...bobbie, please....you're piling on the poor man........who threw his own mother under the bus to placate the UWBI sewer vermin............
...but seriously, bobbie.........WE DON'T KNOW WHO IS MAKING THE DECISIONS ON THIS POS...................beyond the holdco stock pledge chicanery.....Guy and I truly thought we were getting FCNCA stock..............then the bizarre waiver and the pledged stock was sold and sold with a kicker that the special issue stock would be converted to PREFERRED............????..............beyond freakie...................????.......................
.....the FDIC clearly is involved with all of this...........????.......even if it was only a "promise" to make a distribution of recoveries..........????......
....gotta see the END RESULT, bobbie.......but this entire situation DOES NOT PASS THE SMELL TEST..............and because FCNCA has gone up five-fold since WE DECIDED NOT TO TAKE IT................and trust the fascists to pay out more than we would have made with the stock.........????.................
.....I've got LAWRENCE D. KAPLAN, ESQUIRE, on speed dial if we get stiffed again, bobbie...............aimho.................
GO BACK sue his ass for breach of contract and get 1/98 he has used our NOLS so what can he say he BREACHED the contract and its just paper and not even that anymore COSTS HIM NADDA
DUDE: I don't care WTF ever happens with this POS.........1. we have to get al least the holdco proceeds, or frank holding goes to prison.....because the FCNCA transaction must be completed, legally, or the deal was fraudulent and there is a criminal statute applicable to this 'arrangement'........2. we - we optioned not to accept a conversion of our stock into FCNCA, but rather to keep the securities alive, in order to possibly accept distributions from the failed bank receiver.....
that's where we are.......all I wanna do is get high, have sex and play with my toys.............THAT'S IT, in life for me.............but I have this pile of worthless, wiped out UWBI cusips that are nagging on me, because they could be converted into a lot of money............could be...............any day, or in 2+ years.............onward........
.
.......heard tons of communications between the FDIC and UBS.....????............which is good, regardless.................
.......my take is, there is a pre-packaged settlement, and that both sides are waiting on the cross appeals to capture the legal ruling and then complete the settlement.........THIS IS STANDARD FDIC GAMESMANSHIP...............probably 100% accurate.........
........now, the numbers...........the dollars............WTF is in it FOR US..........????............absolutely no real numbers disclosed anywhere, except for what we scrape up...............and/or fabricate...........................
.........probably on the LOW side.........barely $5 per on the frankie's feces..........and $3.75 +/- per, pre-LIBOR.......and LIBOR might be nice ($2-billies)........or nothing....
.....REMEMBER, 1. we fought for 2 years to get a favorable venue, 2. we got Deutsche Bank to rat out UBS, 3. we secured the "Hague Letter" from the court.........so we have UBS/sergio BY THE BALLS.................which leans to a BIGGER PAYOLA..........$2-billies = $10 per, added to the sh*t pile......
First Citizens BancShares, Inc. (FCNCA).......$1,641.74....+18.99........(+1.17%).......
step-daddy/conspirator is cashing in, BIGTIME...........iz we...............????..............
.
"Parties to a federal civil suit may consent to dismiss the case pursuant to a settlement agreement.' Because settlement is an option available until final judgment is entered, it may occur while an appeal is pending.
When it does, the parties to the case often decide to condition settlement on vacatur of the lower court judgment. Vacatur has the effect of "voiding" a judgment. Parties to a settlement agreement seek vacatur for several reasons."
LAWYERS ARE SETTLING SONTERRA TO GET CONTINGENCY.........cool.......do it................
seriously, UBS agreed to pay $2-billies.......???.......legal rats get 33%, versus a jury verdict in a year and no 33%......
WE GET IT..........standard, typical legal weasel-ing........we'll take it..............super secret and fast track.........
also, $2-billies, less the legal stake, equals about $10 per, ON sonterra LIBOR............
............$10.50 per, from frankie's feces and recoveries to date, and the hamilton, PER from LIBOR........$20.50 per, in 30 days.....aimho....
you fairies thinking, what I'm thinking.....???....re: FRANK B. HOLDING, Jr. getting nominated for USA President....???.....
WTF...but the democrats are gonna backstab GRANDPA JOE and nominate another candidate at a brokered DEM convention....???...
....First Citizens BancShares, Inc. (FCNCA)......$1,618.12...... +50.76............(edit - - stock now over $56, up) (+3.64%)............
...oh and those UWBI sewer rats that Mr. HOLDING ripped off.....wiped out dirtbags....vermin....aimho....
related, but ain't our case, LAR LAR, my dearest............keep the RAILYARD within reach, however, LAR LAR...............our case is likewise almost completed........
my question is, how will the settlement be PROCESSED.........????...........after the cross appeals are decision-ed, which are do at any moment......we understand our case is provisionally settled.........????...................
if UBS wants a grand-standing, court-endorsed, GUILT-DENIED, treatise............6 months of yap yap.........then, the Receiver terminates and the dividend gets paid and the cusips liquidated..........????............mouse clicks, LAR LAR...................
if the FASCISTS and UBS want a super-secret, no detail closure..........very cool..........15-day expedition..............FAST MONEY.............
going with the BOXCARS PER, lar lar sweets................not great, but if FCNCA craters down to $1,250 and our payola ends up around $12.50 per, total.......BRING IT...............aimho......................
More filings.
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
4021. MOTION for Disbursement of Funds AFTER DETERMINATION OF REASONABLE
FEES DUE, IF ANY. Document filed by David Klusendorf. Return Date set for 5/6/2024 at 11:59 PM.
1. Supplement Notice of Motion
2. Affidavit Affirmation in Support of Motion
3. Supplement Memorandum of Law
4. Exhibit A Order
5. Exhibit B Affirmation of David Klusendorf
6. Exhibit C Retainer Agreement
7. Exhibit D Invoice
8. Exhibit E- Petition for Fee
…
agreed, bobbie.....but again, my point was to stick SERGIO for 10 $bills, which is peanuts to UBS...........and gets us to $53-ish, per.................two mouse clicks, bobbie.....................and some of us rake in many, many millions..............and we still might................????.............
and, in the meantime, bobbie.................interest on frankie's packed fudge accrues DAILY...............while we save ourselves from making possibly BAD DECISIONS on other investments...............I'd have lost on a couple of deals that have cratered badly.........those ASHFORD hotels, for example..............one land deal that is a monster mess I sidestepped and even US BANK itself.............etc...............rock on, bobbie..............DON'T GETERDUNN, bobbie............not a problem......WIN WIN, either way, bobbie...............
.
BOX CARS aint a BUZZ KILL at least to me it isn't
there you go again, BUZZKILL BOB.............my point from day one, on this sonterra mess (after reading the Deutsche Bank Settlement Agreement narrative which explained the basics of the suit, that we never would have known).............is TO CASH IN BIGTIME, and capture the punitive damages on all of libor.....WTF......from a jury trial in a venue that we fought for, for over two years.............
FEW OPPORTUNITIES IN LIFE TO WIN THE LOTTERY, buzzkill..................and we are earning heathy interest from the holdco proceeds............
but whatever, BUZZKILL...........if your prediction accuracy is 100%, buzzy and we get paid within 6 months.............GETERDUNNN..............with limited hocus pocus gibberish, BUZZY...........
onward and upward................................GO ORIOLES, until we have confirmation of a settlement.....and FREE DONNIE........and RESTORE THE CONFEDERACY.............................
.
Fred
I have said from the get go , THIS THING SETTLES BEFORE IT GOES TO TRIAL
....kinda looking to me, BOXCARS BOB, that the FDIC might NOT wanna fight a wounded foreign zebra that has $500-BILLION in cash......???........can pay lotsa legal fees in defense, BOXCARS..............just sayin'......................
.....back to the math, BOXCARS BOB..............fascists said we have $116mm in our recoveries kitty......????.........$450mm to settle sonterra = $300mm, net to plaintiffs, and we get 20% of the plaintiff net...............$60mm, or about $2 per............added to the $116mm, or $4 per, from the FDIC.............
.....dunno how to add, BOXCARS BOB...............but larry does and $6 plus $6 = well, hansel & gretal???, per.......BOXCARS, BOXCARS...............
.....whatever & SERGIO might wanna court-endorsed resolution.......???......6 months of yapper yapper.....then we click the mouse twice, BOXCARS....BOXCARS........nice........aimho...
HOPE your math is correct, as it works for me and I am sure it works for you as well
.....BOXCARS (12) per math.....scary cool accuracy.....sonterra settled for $450mm.....???.................
.....metaphysics and math.....MAGIC..........
"Newts" have the ability to regenerate not only their legs and tails, but also their hearts and brains! This amazing regenerative ability has long attracted the attention of regenerative medicine researchers.............................
To wit, comes now...........wewonders if this newt, salamander-esque amphib can REGENERATE its man region.............????.................start with the BRAIN, first, NEWT, and then work your way down................
and newt, you might also wanna trade in your wetback ladyboy lovers for more intelligent news sources...................
BOXCARS PER, on the wiped-out, worthless POS.........6 + 6, later this year after the sonterra proposal goes full SETTLEMENT process thru the court........no worries......aimho....
This is how bonehead
In Re: Libor-Based Financial Instruments Antitrust Litigation
New York Southern District Court
Judge: Naomi Reice Buchwald
Case #: 1:11-md-02262
Nature of Suit 410 Other Statutes - Antitrust
Cause 15:1 Antitrust Litigation (Monopolizing Trade)
Case Filed: Aug 12, 2011
Docket
Parties (351)
Related Cases (3)
News (4)
Docket last updated: 04/17/2024 11:59 PM EDT
Wednesday, April 17, 2024
4018 order Protective Order Wed 04/17 2:53 PM
PROTECTIVE ORDER AND STIPULATION...regarding procedures to be followed that shall govern the handling of confidential material... So Ordered. (Signed by Judge Naomi Reice Buchwald on 4/17/2024) (va)
how is that in any way connected to GLOBAL WARMING and/or ELLA ANN HOLDING............????.................FDIC wants all records destroyed on an UNRELATED CASE................standard protocol............
paper doll cut-outs and sock puppets............????..........time frame......................ETSY..............
.
It would appear that the FDIC is in the HUNT
Wednesday, April 17, 2024
4018 order Protective Order Wed 04/17 2:53 PM
PROTECTIVE ORDER AND STIPULATION...regarding procedures to be followed that shall govern the handling of confidential material... So Ordered. (Signed by Judge Naomi Reice Buchwald on 4/17/2024) (va)
4014 misc Proposed Protective Order Tue 04/16 1:38 PM
PROPOSED PROTECTIVE ORDER. Document filed by FDIC, as receiver, Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation..(Martin, James)
......assume (and DC EMHOFF) that the cross appeals are both UPHELD, with lengthy gibberish.................SUIT ON vs. UBS...................in Baltimore........IDAHO, ???, or is that in, like VERMONT..........whatever, wherever.........murder capital of the USA and nasty, decrepit urban area...............GREAT PLACE FOR A JURY TRIAL AGAINST RICH, WHITE OPPRESSIVE FOREIGNERS who abuse poor, underprivileged schoolchildren...............OUTRAGEOUS CRIMINAL ANTITRUST BEHAVIOR............................
........GAME ON.............might be a huge trial with back-and-forth legal shenanigans.................and on and on....................settle.......????......or get the full jury adjudication which really only decides on PUNIVIVE DAMAGES............and then gives a VALUE, using the statutory calculation, which exceeds $100mm.........
............same old, same old, ladies............waiting on the mailman to bring the check.................
.....and WE - WE make the decision on any early settlement.........which at present..............NO...........NO..........NO.........NO...........aimho....................
....problem is, UBS has no incentive to settle the sonterra LIBOR case............even if UBS were slammed by a jury for Antitrust and other crimes and hit with punitive damages of $2-billion, or even $5-billion....................so what.........says SERGIO...............LIBOR is long-defined...............
....and UBS is projected to NET....NET over $35-billion in 2024...............and further, any punitive damages paid is an OPERATING EXPENSE, and UBS pays about 55% in taxes...................so cut in half, net, the penalty UBS pays in damages...........(yawn).......(yawn)..............
....so, honestly, were I advising SERGIO...........I would say...........do nothing on sonterra........make the FASCIST amerikkkan PIG REGULATORS WORK......and WORK.............and maybe lose their piling on, grand-standing frivolous kangaroo case...................will take at least 3 years............or more..................
........................whatever..................we move for a $50-billion punitive damages award and EXPULSION from the USA................sergio won't be so cocky and he will have been long fired.....................ART OF WAR................aimho....................
PREPARE TO FORFEIT ALL OF UBS ASSETS IN THE USA, sergio................ANTITRUST VIOLATIONS ARE QUITE UNFORGIVING, sergio..................
TO WIT, comes now, UBS criminal behavior with the LIBOR scandals is outrageous, egregious and despicable.............severely damaging to innocent, underprivileged schoolchildren in ameriKKKa.............................$50-BILLION in PUNITIVE DAMAGES is the only fair punishment.............and GET THE F**K out of the USA, sergio............................
BIGTIME FUN................beating up on UBS..................scumbags...............abhorrent behavior............................
ART OF WAR, sergio................on the USA's home turf......................aimho........................and GO ORIOLES.............
...........early or mid-2025, BIGLOTS.........sorry................no early paranoid panic collapses, BIG............your "best interest" BIGSTER, might get you sued......and your rear end beaten............so, sit back and let the BIG BOYS PLAY HARDBALL...........bobbie...................
I'm talking JUNE JULY for settlement, but hell it could be another 90-120 days for money to change hands SO YEPPERS IN AGREEMENT
ROCK ON, biglots bob..........................I think we're in agreement............but not on the time frames.............sure, UBS could beg for a quickie, the day sonterra comes down..........................but I think UBS will let us run the case for awhile (and UBS doesn't want any BAD PUBLICITY, so a 60-minutes show, or WSJ feature which will also cause a quickie settlement).........................
.....earliest, imo, is later this year......otherwise, early or mid-2025....but $2-billies++++.....aimho.....
.
I'll be right here waiting just like you, but still say the negotiate an agreement with no ANTI TRUST VERBIAGE and settle before trial, just my WAG and we will both be here hopefully to see..........
I'll be really shocked if they risk it, 10-15 bill aint squat for them to stay open in the USA
AT PRESENT, BIGLOTS BOB..................and I am speaking for the plaintiff's legal decision maker................NO SETTLEMENT outside of a citizens jury trial.........period..........that's the plan................
WILL OUR - OUR legal counsel listen to any form of resolution, on sonterra.....?.....absolutely.....but, no response will be offered, imo......
I believe, strongly on a BIG MONEY CASE......with ANTITRUST IMPLICATIONS and a statutory mathematical formula for PUNITIVE DAMAGES.......ya gotta go deep into the process................trial dates, evidentiary processes set, pre-trial hearing rules, ad-infinitum, etc...............TO BRING UBS DOWN TO IT's WOBBLY KNEES..................................with its checkbook in hand........(ahem).................
QUICKIE TWO BILLS, biglots....???.....sure............but a trial date raises the ante, BIGLOTS........by the billions........aimho........
stay on ETSY with your cut-out paper dolls and sock puppets, BIG...........................or muscle the F**K up, for once and taste some really, really LARGE GREEN................
FRED
It doesn't matter WHAT THE HELL YOU WANT TO DO, THEY WILL NOT GO TO TRIAL, too much at risk, JUST WATCH
JUNE JULY
....LONGER CHASE = BETTER CATCH, biglots bob............we gotta show UBS we are playing HARDBALL...................these AHs are dead on guilty.....and they have almost $500-BILLION in cash...................
....UBS ain't gonna risk getting EXPELLED FROM THE USA.............or even an ANTITRUST conviction on LIBOR...............
.............SORRY, biglots...............WE WANNA FIGHT FOR AWHILE...............if ya ain't got sizable ganolies.........KEEP OFF THIS BLOG, please..............
.......however, BIGLOTS, if we see $2-billies, soon..............we'll consider the offer..................
Fred
AGAIN MY WAG is June or July and this settles out of court
WRITE A CHECK FOR $2-BILLION, sergio, OR GET THE F**K OUT OF THE USA....................UBS abhorrent ANTITRUST behavior harming underprivileged schoolchildren is OUTRAGEOUS and EGREGIOUS......................and immediate EXPULSION from ameriKKKa......................
NOT A GOOD LOOK, sergio...............don't BLOW IT, sergio........or the UBS BOD will dump your a*s..............PAY UP, SERGIO.......GAME OVER.......................aimho.....
......BAROMETER ON THE USA ECONOMY, imo............is U.S. BANK...................gotta chunk and have for 30+ years..............various prices......
.....USB has a ton of low-rate Treasuries and such on its BALANCE SHEET............many billies worth..........60+...????...........or more.....looked smart, versus making bad commercial loans, and then rates went up and the Treasuries are down 20+%............bad for capital levels..........
.....U.S. Bancorp (USB) $39.10.....-1.90.......(-4.65%).........I bought a lot in like, 1999 for $32..........(it dropped to $28 last summer).........
.....anyhoot.....F**K everybody and everything until we get the payola on that Denver THRIFT thing-eee.........getting old waiting on dat.........
...............GO ORIOLES............................aimho...................
TWO RELEVANT POINTS
..........1. donnie landed 2 attorneys, out of the first 7 jurors chosen, to date at the stormy daniels corruption trial...........oh yea!!!!!!............acquittal and/or mistrial.......
.........2. recreational marijuana is on the November ballot in Florida, which could become the 3rd highest revenue state for legal week in under 2 years....here are the rankings for the highest volume, legal weed states.....
California. Despite its pitfalls, California remains the world's largest cannabis market in 2023 with projections to record roughly $5 billion in adult-use sales for the year. ...
Michigan. ...
Illinois. ...
Massachusetts. ...
Colorado. ...
Arizona. ...
Missouri. ...
Washington..
.....as for that Denver THRIFT stock matter...............(yawn)..........(yawn)............Guy Allen Gibson UNDERSTANDS the status, the same as WE DO......seriously.......he protects frankie while we loathe frankie, but other than that.................$5-6 per on the fecal matter and COMPLETE UNKNOWN on the fascist remuneration.................Guy also does not criticize the FDIC....???.......NDA on the bank settlement....???......whatever......
......if soon, $10.50 - $12, per.......IF WE TAKE DOWN SERGIO..............$16.50 per and possibly $20.50 per...............onward......
......FREE DONNIE and RESTORE THE CONFEDERACY............aimho..............
4/16/2024 - Notice to All Interested Parties of Intent To Terminate Receiverships
A Notice by the Federal Deposit Insurance Corporation on 04/16/2024
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.
Notice of Intent To Terminate Receiverships
Fund Receivership name City State Date of appointment of receiver
10334 Firstier Bank Louisville CO 01/28/2011
10463 Nova Bank Berwyn PA 10/26/2012
The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201. No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on April 11, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-08035 Filed 4-15-24; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2024/04/16/2024-08035/notice-to-all-interested-parties-of-intent-to-terminate-receiverships
I will throw him SOAP ON A ROPE and SOME ASSTROGLIDE for his stay
.........BOTTOM LINE on this POS...............FCNCA / 100............per....................................
.....we don't care about any of the FREAKISH SIDE SHOWS on this mess.........WWW III................etc.............
.....First Citizens BancShares, Inc. (FCNCA) $1,517.99 ....-19.60........(-1.28%) / 100 = $15.18 per.....dropping fast, but 1 / 100, however........
.....we are lawyered up and I have DC EMHOFF and MARTIN GRUENBERG on speed dial.........NEAL, as well, but NEAL is on the other side, here.......
...........1 / 100, FRANK..........FRANK...............BUTNER, FRANK...............1 / 100 or BUTNER, FRANK........(trust me, FRANK is familiar with BUTNER and those internet sociopaths who bad-mouth frankie and wanna throw him in prison)...........aimho..................1 / 100, frank............
.....SOCIETY in the USA is totally WARPED by the legal system......mountains of mush and the lawyers and judges and clerks perpetuate the situations.........FOR THEIR PAYOLA..............crazy out of control.......(hey, what's donny trump been up to lately...???).................
......SO--------solution...........GAME THE LEGAL SYSTEM FOR PERSONAL GAIN............seriously.........can't beat this mountain of crap..............so we EXPLOIT THE F**K OUT OF IT...............................I've sued and been sued on numerous occasions and it is always stressful and very, very costly.......legal fees FOR NOTHING.............slick legalese and paper stacking..............ALL FOR NOTHING, in the end..................PATHETIC....................
.....back to WINNING...........................use the crooked legal system in the USA to CASH IN.....................sonterrra v. barclays, for example..........loophole suit which might get US.....US......a huge payday...........a portion of PUNITIVE DAMAGES assessed by a federal jury, in BALTIMORE, Maryland (wherever the f**k that is, like near Vermont, or Arkansas or somewhere?? - dunt matter)...................FOR ALL OF LIBOR...............and the defendant perp is one of the richest entities on planet Earth..................nearing $500-BILLION in idle cash...........and dead on guilty........................
................GAME THE SYSTEM, my fellow fairies...................PUT BIGTIME CASH IN OUR SPEEDOS.............................WINNING........aimho...............
....CRAZIEST IDEA..........normal for this POS......UBS BUYS FRANKIE's FAILING FUDGE FACTORY.........????.........
.....FCNCA...............$1,548.44 -20.73 (-1.32%).................
.....FDIC knows FCNCA is a house of cards and destined to FAIL and cost the FDIC $20-bills......($10B from SVB, but NA)...................
.....then low-ball settle sonterra and get UBS off that hook, cheap...........????.........somewhat cheap........$1-billion............
......FCNCA could go for, $25-bills, imo..............which is over-paying, given what could happen with CIT........but UBS is loaded with over $414-billion in idle cash............
.....I think I'll bounce this concept off of DC EMHOFF and copy in MARTIN GRUENBERG............crazy works, trust me...........aimho...............
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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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