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TO MY DEAREST CALENDAR-CONTROLLED CONFEDERATE PAGAN COMRADES............much love......the end of the UWBI nightmare is very, very near........
to wit, comes now, martin j. gruenberg (lowercase bypasses search engine algorithm traps).....was TOTALLY, TOTALLY involved in UWB/UWBI.......this dude leaving the FDIC, when a successor is named???.........means marty is scrambling to close out all of his games.......and we are front and center, given marty's love of frankie and pressure from dc emhoff...............
probably no connection to a national holiday, although I plan to see the sonterra/LIBOR case completely shot down........and this triggers marty terminating the UWB receiver..................and then, the dividend is sent to the uwbi paying agent/trustee...................and we are LAUNCHED......................oh yea!!!!!............
bottom line = bottom line........NOT GREAT, imo.....but we'll take it.........THE MATH........$4 per, on the fascist cookie sheet, $5 per in frankie's fudge...+/-......aimho.......
Bbanbob, when the FDIC does things like distributions or active trading stock issues with companies they have taken, these decisions are usually on Fridays.
So if Fred is correct on an imminent distribution and/or closure, then this Friday before the Memorial Day Holiday weekend is a prime timeframe.
..,
To the honorable Fred Scott: And all Share Holders I hope that we get paid soon. Weather, it is $4.00 $5.50 $9.00 $10.00 $12.00 $16.50 or greater take 1/2 of the win buy gold or silver .When we go on gold/silver Standards the gold should be $8,000/$12,000 or greater per troy oz silver should be $1500.00/$2500.00 troy oz or greater at that point this is what we should have got for as long as we have waited !!!!
FRED
IFIN YA AINT READ THE TEA LEAVES PROPERLY YET
IT MEANs THE WHOLE FUKING BANKING SYSTEM IS ABOUT TO FOLD!!!!!!!!!!!!!! and he has no interest of it being on his watch, CAN YOU SAY COMMERCIAL LOANS THAT WERE NOT ADDRESSED IN 2008
Dude: I really haven't processed marty gruenberg being gone from the FDIC.......marty basically has ruled banking regulation for the past 20 years......gruenberg has held positions in various levels of leadership at the FDIC for nearly 20 years, and this was his second full term as FDIC chair...............
anyone at a high-level of banking in the USA........is afraid of the FDIC.......the FDIC aggressively regulates banks.............there is a physical bank exam every 18 months...........these AHs dig into the bank's books and go through a sample of the commercial loans.....at least 25% and all of the larger loans and/or concentrations................every bank cuts corners and over-looks certain details on the commercial loans, both real estate and commercial/industrial............
the FDIC assigns a rating to every bank.................the rating determines the banks required "reserves" and the deposit insurance premiums.........both which come out of earnings..........the FDIC also can put "restrictions" on the bank, limits to borrowers are other no-nos, or no-gos.............and issue fines and warnings.......
again, the FDIC is big in all bankers lives and Martin J. Gruenberg was the FDIC for the past 20 years......he was eminently involved in the UWB/UWBI matter, imo...........although he inherited the mess from the OTS.................RIP, Martin J. Gruenberg..............and god-speed on taking care of the UWBI rodents, as promised...........aimho.....
.....martin j. gruenberg was a super supporter of one frank b. holding, jr..................frankie is now a $250-billion power bank...............marty handed frankie SVB after approving the CIT merger..................
....just sayin'...............frankie could TANK, and will, imo, with the loan expusures that CIT had..............has.................$75-billion worth of crap loans, imo........a markdown of frankie's CIT portfolio would WIPE OUT frankie's Tier 1 capital level..................FACTS AND REALITY............whatever.....F**K FRANKIE...........none of our business after we get our money and hopefully frankenstein ends up in the BUTNER PRISON.......................aimho..................
Chairman Martin J. Gruenberg RESIGNED YESTERDAY from the FDIC....!!!!!!......marty made the original "deal" with guy to drop the bank's suit and in return marty would "allow" frankie to buy the uwbi holdco nols and guaranteed ultimate recoveries from the receiver (he noted the JPM $80mm, from the MBS scandal, on day 1 and said there would be much more, but only that it would take some time.....????)..................
so, we ARE/WERE marty's baby.......watch how fast UWB/uwbi closes......probably today...
not a good read on the final payout dollars, but whatever.......just close it out, ASAP, marty........
can't promise more than the 3-6-9 MAGIC....................but we'll take it...............aimho.............no comment on marty until the dollars hit our accounts.........
WE DO HAVE A HOLIDAY MARKET CLOSED DAY coming next week
Dude: the logistics on the closing down of this nightmare are..............SUPER SIMPLE..............the FDIC completes a form that is sent to the FEDERAL REGISTER...........names the bank RECEIVERS cited for TERMINATION...........takes 3 minutes.................there is an internal treasury/accounting dept. at the FDIC which is given an order to close the books on a RECEIVER and then go through a easy checklist............."final remittances" and the category...........CLICK CLICK................there is a priority order for dividend payout.....................(the whole thing is a scripted joke - - the FDIC knows the cash balance in the UWB Receiver's account and knows that only the UWBI freaks are getting the entire balance)......................
The paying agent/trustee knows that the FDIC transfer triggers the holdco balance payout.............simultaneous, imo............THE END............
a few mouse clicks and the nightmare ENDS......................
today, would be nice..........the FDIC might not even wait for the sonterra decisions.......obvious what happened there........CLICK CLICK.........aimho......
I HAVE ALREADY "committed" nearly all of the monies I expect as payouts on the UWBI incident............(the unlawful seizure)..........me me me me............
90-day leash......................better happen within that window, or else...............only complication, in terms of timing, is something WEIRD coming out of sonterra/LIBOR, but that case is DEAD DEAD DEAD, imo.................no settlement and you fairies heard the defendant's counsel and UBS directly flat out trash the sonterra suit.........and even the judge asked three times, where is the damages statement..........ain't one..............but, anyhoot..........
TIME FRAME FOR PAYOUT....??......dunno..........we defer to the FDIC and those AHs are totally unpredictable...............only good sign with the FDIC is, they are powerful, imo and when they want a case closed, records destroyed, internet trolls beaten and a failed bank memory ELIMINATED FROM EARTH......ZAP.....gone, done, buried....without a trace........seriously......
no worries and no hurries............wish the dollar amounts were bigger, but they are what they are........and a paper trail PROVES the right at $9 per, THEORY....aimho................
where are we on the wiped out, worthless UWBI cusips..............????...............
$116mm dividends being paid out;
$142mm in holdco proceeds balance;
soon.........burn off sonterra, terminate UWB Receiver........FDIC wires money to Wellington Capital Mgt (Guy said Broadridge is "doing it").....paying agent clicks the computer mouse a few times......simple process.......whomever does the mouse click dance routine, dun't matter.....wire the money.............aimho.....................
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First Citizens BancShares, Inc. (FCNCA)
$1,767.54
+10.25
(+0.58%)
At close: May 17 at 4:00 PM EDT
$1,646.72
-120.82
(-6.84%)
Pre-Market: 8:00 AM EDT
might be an anomaly, given it is off-market pricing on only a few shares........but we're watching that infamous AH, frank holding........the BUTNER prison is not off the table for this creep, until we get our money................just sayin'...............aimho....................
Dude: no clue on timing, other than the FDIC is in control and has one objective.......ELIMINATE UWB Receiver and any related entities......????......ASAP........these people are ROCK SOLID TOUGH AND SMART........they don't futz around with folks like us..............
My only "discussion point" with the FDIC at this stage is.............THE DIVIDEND being paid out to the lone proven creditor............"qualifying" the dividend versus not doing anything................= ordinary income treatment (for the non-IRAs - which is only delayed) and this is PAINFUL as hell, for some of us........pushes all of our income, including this mess into the 33% tax bracket......or higher...............over a million dollars, for me......total......but at least 1/2-million??......MORE.....in 2024.....by not "qualifying the divvie.....(we can appeal the treatment with the IRS, but still have to pay the tax and then start a long, arduous process that we always lose, imo).....
THE FDIC IS GOING TO FLEX AND SHOW OFF, imo.............with UWBI..........a payout of $116mm, as a dividend, brings back about 25%, on average right back to the US Treasury/IRS...........for year 2024..................$29-million comes right back to the gov't, FROM UWBI's receiver payouts..............
WHATEVER........end the nightmare, please...........................aimho...............
A. $116mm
B. $142mm
(disclaimer: the aforementioned are the result of stochastic prognostications and dated postulate projection theory......???? (larry, WTF??)......accordingly, we don't know who won the super bowl, who the USA VP's husband is, nor when the uwbi cusip rats get fed..........please consult with your life coach and investment advisor before buying or selling any of those worthless UWBI cusips............and connecting on GRINDR with any i-HUB trolls is not recommended)...........
Hope you do better with Tarot cards…”I see a tall, dark haired woman in your future…but wait, she has a biker’s tattoo.”
....keep (clicking), losers..........I resigned, larry is not on speaking terms and the FDIC only speaks with profane language (which is a good sign when the hardcore hatchet team takes over).....to wit, comes now...call your mommy, or better yet, call frank holding's mommy......
.......388/488........pennies per......no cred, under the influence of 'substances'......whatever.....bring it, and then FU.......(and LAR LAR dear, ........spin up those speedballs)......................
when the nice "closure" folks over at the FDIC take heed on a cause.........FREAK SHOW IS OVER........their rules and, yes ADMINISTRATIVE LAW still applies, but we ain't messing with these AHs................hardcore............
not sure about anything with this POS, except one prevailing concept...........the FDIC.......when this outfit wants the Earth to be rid of an animal entity........well, like those UWBI cusip rats...........................EXTERMINATION..................pricks are rough for a reason............but, whatever.........
show us the money and we will disappear.............some of those UWBK trolls might pop back up on GRINDR, or even TRUTH SOCIAL, or porn-hub, but this board will be removed.......
onward...........................the math stinks, but we knew we would get clipped...............nine bucks per was whispered........actually, it was four bucks but that was in the fascist-ism language............they claim they don't know any details about the frankenstein bowel movements????.......chin ram fin, per on dat......aimho........
....some combination of $9 per............end is near............100% CRED..................no details and no problem..........................
.
First Citizens BancShares, Inc. (FCNCA)
$1,759.19
+37.35
(+2.17%)
no comment on that AH.....ya gotta believe that FCNCA had the option to convert the stock pledged as payment for the Matrix Funding Corp. NOL tax credits.......because if Guy had the option and chose cash, in order to survive the cusips for any eventual FDIC/receiver dividend.............BAD DECISION.........aimho......
.......simple process...........the FDIC wires $116mm to the UWBI paying agent/trustee with instructions to pay out said funds as a "dividend" to UWBI cusip rats........the paying agent/trustee knows that after the dividends are paid out, the uwbi funds balance will be paid out to those same cusip fleas................and tagged "liquidation and cancellation".................two computer mouse (clicks)...................
.....no clue on the dollar amounts...........conjecture portends that the FDIC dividend is about $3.50 per cusip and the holdco sale proceeds balance is about $4.50 per...........possibly another quarter or two, on each, but not much, imo..........HARD TRUTH IS THE DOLLAR AMOUNTS ARE SMALL.......aimho............BUT TWO MOUSE CLICKS AND THE FDIC HAS A MANDATE TO RID THE EARTH OF UWBI VERMIN....................
.
fdic, sandflea sir................fascist demeanor.............call it..........and suspicion that the team of holding/emhoff asked marty to expedite the process of getting "RID OF THEM"..........."THEM" sandflea dear.......................marty had one small detail left and that turned out to be a ruse.........imo........(their is a 10-year FDIC-imposed statute of limitations, or termination life-span on failed bank receiverships......pandemic extended that, but whatever)................
......but, we know frank holding definitely wants to get rid of "THEM" sandflea sweets............odoress roadkill..............internet trolls bad-mouthed mr. holding, wanted to send him to prison for stealing their failed thrift...........????............and another troll suggested having inappropriate relations with hope holding.....atop mr. holding's desk.........geezo......the FDIC, sandflea.........watch.................CLICK CLICK, sandy...................
.....
.
I seem to recall that "check's in the mail" comment was stated earlier. What is the potential of this being true now?
......NIGHTMARE IS OVER, fellow winners...........checks in the mail..........................
.....obviously, the FDIC walked away from sonterra, which as you heard at the 4/30/24 special orals............pathetic case and entire situation is/was a farce.......
.......and poster BBANBOB, you really owe Mr. Sergio P. Ermotti an apology for all those rants BEATING UP ON UBS for LIBOR.........
.....oh, the MATH on this nightmare......???........low......low.....low....still going with the SNOWMAN PER........total........$4.75 + 3.25 - - ish, PER......
..................onward............speer...............aimho...............
.
Dude: my take is the FDIC is terminating the UWB Receiver...........appears the sonterra action is considered dead by the FDIC..........and there could be political pressures on the FDIC to rid the Earth of that disgusting UWB/UWBI sh*tpile......................maybe frank holding enlisted the support from the USA VP spousal support network.............????......................who knows and who cares..............???.........
FDIC controls this freak show....................when the FDIC wants a failed bank offal trail...............ERADICATED.................ZAP................vague and un-described monies are paid out to "proven creditors".................in our cause, only 1 dirtbag laying on the hard concrete..............you FLUBS................the end.........watch.......aimho........................
.
....I THINK, per the FDIC.....UWB and UWBI are soon to be.......history......good riddance...
......gotta see a notice from the FEDERAL REGISTER that the Receiver for United Western Bank will terminate.........???....
.....then, really, a dividend pops into our brokerage accounts HOLDING (ahem!!!!) UWBI cusips...........$3 per, dividend. just with a note of "FDIC, as Receiver" .........and immediately thereafter, liquidation, distribution and cancellation of UWBI cusips...???.....$5 per.....??.......
.......................SNOWMAN.....................per.............the end..................been real...................onward, speer................aimho..........hope - hope holding I am WRONG...............???...........
.....sonterra, imo, is weak and getting weaker, as for as a SLAMOLA against UBS....................there are serious problems with the suit, beyond the assignment questions..............you heard the UBS dork........who read his limp denial...............whatever................
.....gotta follow the FDIC..............not sure what their take is, except to back up our outside counsel.........the case is a stretch, piling on, money grab and UBS ain't settling.....and a jury would never understand the technical and legal aspects of the case........imo..........
.....DECISIONS pending, but are now very near.....................possible uphold and remand for clarifications..........THIS CASE IS A COMPLETE JOKE, imo........
....this is the FDIC's last recovery effort, for UWB................looks dead to me......which is good news, as for as getting paid out, soon.......but we are looking at a lowball, in the end
...............SNOWMAN PER...........outch and the fascist charity $3 per, could be an ordinary dividend................
........aimho...............
Sonterra Capital Master Fund v. Barclays Bank PLC
Court of Appeals for the Second Circuit
Date Argued: April 30th, 2024
Duration: 26:11
Docket Number: 19-2979, 19-3187
...............WTF WAS THAT...............????.................OMG.....................????............BIGGER THAN ROE v. WADE.......?????........listen to the hearings, friends.......
https://www.courtlistener.com/audio/91813/sonterra-capital-master-fund-v-barclays-bank-plc/
...Dude: I thought sonterra, originally, back in 2018, was a formality, like with RBS.............the FDIC was a member of a plaintiff class via the UWB Receiver, on a fringe LIBOR suit...........nothingness............will settle, and the Receiver might net $30mm (wasn't RBS right at $60mm, net to the FDIC, after some legal wrangling??)...............anyhoot.............sonterra, (yawn), take a year and get the UWBI sewer rats another dollar per.................???...
.....then I read the Deutsche Bank settlement proposal...........and then I read most of sonterra..........and the appeals and the sideview briefs, one from Neal on the venue shopping, we won after fighting to the SCOTUS for two years (SCOTUS said "no more libor"...??).............
.....the DB settlement narrative was super weird and painted a picture that an inner city, urban jury could get emotional and award a punitive damages judgement of $2-billion............????...............and I believe the FDIC, as receiver, is one of only 5 named members of the plaintiff class...........
.....the main suit is being held up by two related cross appeals.........which have been at the USCA/2 for almost 4 years (COVID cost 2)........
.....imo, the main sonterra suit is a totally over-written legal mess.............technical issues, imo.............the Antitrust laws, sherman and clayton APPLY, imo as does that commodities law............all 3 BREACHED............slam dunk.....................but our appeal is to add back the 15 other defendant banks......
...............UGLY, UGLY MESS............we could cash in BIGTIME, but I'm not feeling it, for some reason........we should settle, now, imo......not cheap, but this suit could go on for years and years and get back to the SCOTUS..................those 15 banks should be added back to the defendant class......which complicates the F**K out of the basic suit.............................whatever.................lowball today, or 3 more years of torture for BIG BUCKS............????......aimho...
.
.....AT PRESENT, fellow shemales...............WE HAVE AN ANTITRUST SUIT AGAINST UBS FOR ALL OF LIBOR................FACT.........REALITY..................
......UBS IS PROVEN GUILTY, okay, "responsible"....................but UBS has gotta pay punitive damages as calculated by a Baltimore jury..............or settle..................
.............Sergio P. Ermotti............PAY PLAINTIFF $25-billion and then GET THE F**K OUT OF AMERIKKKA.........................
........Sergio P. Ermotti........................not a good look, sir.................ya got $500-billion in your man purse.............and the FDIC animals are nasty mofos.........PAY UP, Sergio P. Ermotti..................the search engine algorithms also have you, Sergio P. Ermotti, by your little bitty balls..................UBS COMMITTED DESPICABLE ACTS AGAINST UNDERPRIVILEGED POOR SCHOOLCHILDREN......................outrageous, Sergio P. Ermotti.............GET OUT OF THE USA, you creep, Sergio P. Ermotti.................aimho............
....no clue on timeframes with this never-ending POS...............awaiting the sonterra v. barclays decisions..........????.............any moment............and then we follow the FDIC on its next move.......continue with the sonterra suit against UBS, and possibly others or walk away from sonterra altogether...or settle sonterra........then close the UWB Receiver.................????..............
.....the vibes are: definite problem with sonterra/LIBOR...............the FDIC could have pre-settled sonterra...........but very, very doubtful........no reason to except to get some guaranteed monies from UBS in case the main sonterra suit is reversed or remanded or even over-turned...............????....FDIC really doesn't care about the money, because the actual funds get paid to others.......
......IF....IF..........this disaster SHUTS DOWN VERY SOON...........to me, the final payouts are LOW, LOW, LOW.................$3.50 per, ordinary dividend from the fascists................and then the cancellation and distribution on the frankenstein fecal matter.............$4.50 per.....????....
.........BACK TO THE SNOWMAN $8 PER.....with nasty tax consequence on the FDIC portion......................whatever............we expected this from day one, so get it over with...............aimho.................
.....UBS is GONNA GET SLAPPED WITH A $20-billion PUNITIVE DAMAGES CHARGE, for all of LIBOR................Sergio P. Ermotti..............PAY UP NOW.....THEN GET THE F**K OUT OF AMERIKKKA..........sorry.......ya done the ANTITRUST CRIME, Sergio P. Ermotti.........gotta pay for it..................
...so many LITTLE PEOPLE were negatively impacted by the OUTRAGEOUS CRIMINAL BEHAVIOR OF THE LIBOR PERPS...and UBS was front and center....Sergio P. Ermotti....UNCOOL RIPPING OFF POOR, UNDERPRIVILEGED SCHOOLCHILDREN in IMPOVERISHED CITIES...DESPICABLE ACTS....Sergio P. Ermotti.....HORRIFIC....PAY AND THEN SCRAM, Sergio P. Ermotti.....aimho....
.....Federal Rule of Civil Procedure 23(e) requires judicial approval of any class action settlement. Review of a proposed settlement generally involves preliminary approval followed by a fairness hearing. .....(that Deutsche Bank rat out settlement took 9 months and was only $5mm)...........
....this is a potential HUGE PROBLEM if a few, or all of the sonterra/LIBOR appeal DEFENDANTS are added back to the suit defendant class, which is upheld and moves forward to Baltimore.................in the federal district court..................
....point is, it would be SIMPLER to have the full jury trial, rather then try to settle a GARGANTUAN case, for ALL OF LIBOR, with 15 separate banks and their law firms.............?????????????????................WTF.......................and BILLIONS of dollars..................?????..........
....BEST CASE is a full SUIT..............2 years of pain and agony..........and there is NO LEGAL CONTINGENCIES PAID out on a suit punitive damages amount...........let's do it..............aimho.................BAD AND UGLY.....what's new..........???.....
KEEP (clicking) FELLOW LOSERS.............lotsa important gents are working for you, to get endgame juice outta dat Denver THRIFT cusip disaster.............
.....to wit, comes now, DC EMHOFF, Martin J. Gruenberg, Frank Brown Holding, Jr., Guy Allen Gibson, Sergio P. Ermotti, Neal Katyal, Mohammed Quicksilver SCOTT, I, Neil McGill Gorsuch, John E. Bowman, and a bevy of silk stocking law firms,...........ARE ALL VERY INTERESTED IN THE DEATH AND BURIAL OF UNITED WESTERN BANK, and its PROGENY.......................
WASHINGTON, DC (May 8, 2012) – Venable LLP strengthens its highly regarded Financial Services Practice with the addition of former Office of Thrift Supervision Acting Director John E. Bowman, who joins the firm in the Washington, DC and Los Angeles, CA offices as a partner. As head of the OTS, Mr. Bowman also served as a Director on the five member board of the Federal Deposit Insurance Corporation.....(managing partner of CA office = DC EMHOFF).....
....no hurries and no worries............the day will come when those UWBI cusip sewer SHEMALES get paid off.............handsomely..............more time = more money................aimho.................
....IF.....IF......IF.............sonterra v. barclays BLOWS UP on technical legal bases.......and it could........lotsa legal rough edges on "antitrust" and a foreign national bank..............etc..............but, whatever, point being..............the LIBOR suit that could pay HUGE GREEN...........or might fizzle into thin air............
.....and if the RECEIVER terminates, like within a few days....................SUPER SUPER LOWBALL..............imo..........we're barely at $5 per on frankie's feces and the FDIC monies are really not even at $4 per.......................given the $116mm in recoveries quoted...........???..........
....whatever, just covering all bases with this POS.............FAST MONEY = $8.75-ish per.................FDIC's could be an ordinary dividend, as well.......???...........
....no worries when ARMAGEDDON within 30 days = $8.75 per..................or 2 years and $75 per, or $53 per, or even $21 per.......???.....I say let's FIGHT FOR THE BIG MONEY, however long it takes............and at present, the FDIC said "no settlement" ever, and wants a jury of average citizens to calculate PUNITIVE DAMAGES for all of LIBOR, to whomever is named in the defendant class..........????.........GAME ON.........LET'S WIN BIG, fellow fairies.......aimho.................
...DID ONE DC EMHOFF "engineer" the unlawful seizure of UWB........????........and is this DC EMHOFF pushing for and "structuring" the end of that pesky UWBI...............????...........larry said not to ask that question, and if I do, not to answer it.............so we will.................
.....AF-----------------mother-----fucking (on mother's day, nonetheless, larry, you creep)-------------FIRMATIVE.............in larry's opinion..............
....but, in the end, who cares...........as long as we get PAID OUT ON OUR WORTHLESS CUSIP SHARES...............$15 per, total is the target, whenever........
....as for this DC EMHOFF A/H....................probably will be married to the PRESIDENT of the USA.................given grandpa joe steals another prez election and then keels over a couple of months into the new term........................aimho...................
....btw, the new list of the most DANGEROUS CITIES in ameriKKKa just came out..............BALTIMORE is #2, behind Memphis, but the crime totals for BALTIMORE are staggering...............WOULD MAKE A NICE VENUE FOR A BIG DOLLAR ANTITRUST CASE........a jury pool of nice folks beaten down in life.....................
....STAY WORRIED, Sergio P. Ermotti.........AT THIS MOMENT, UBS is spot on "RESPONSIBLE" (we'll use your word, Sergio P. Ermotti) for ALL OF LIBOR......and the sonterra litigation RESULTS IN A PUNTIVE DAMAGES FINANCIAL PAYMENT AND EXPULSION FROM THE USA.............today........
.........WE DEMAND $10-billion and UBS IMMEDIATE EXPULSION from ameriKKKa........however, Sergio P. Ermotti...............if you wanna author a resolution statement, and take full responsibility for ALL OF LIBOR and apologize to the little people SEVERELY DAMAGED BY UBS EGREGIOUS CRIMINAL BEHAVIOR...........wire $2-billion within 15 days and Marty J. Gruenberg will approve of this "understanding and conclusion"..............
..............$2-billies, ladies, done deal and that "takes no predication on the sonterra v. barclays litigation".......in the event the defendant class is expanded or otherwise adjudicated, this arrangement will not be impacted................
.............$21, per, is the final outcome to the UWBI purps (purple polecats)........for $2 bills...........let's do this if it ain't been done already, which I believe it has, but for a lot less than 2-bills, but we'll see............................aimho..................
....no worries, in the slightest.......CONCERN: super complicated mess in the USCA/2 re: sonterra/LIBOR..........???...............
....can only be a GOOD PROBLEM, for either case in the cross appeals..............when a case takes years, like sonterra, the appeals court judges are going through the case, thoroughly and LEGAL ISSUES GET BIGGER AND BIGGER............versus quickie UPHOLDS or even REMANDS or partial/split decisions............
....JUST THE TIME WAITING.............and earning FAT INTEREST on the holdco holdings..........nice.............very nice.................
.......FDIC wants the UWB/UWBI nightmares to END ASAP........and the FDIC CONTROLS THE GAMES................so......onward.....hopefully, more time = more money on the final payouts...................it will................GUARAN-----------mother-------------f**king--------TEED..............aimho..............
With Biden's Cap Rate going to 45% after year 2024, I would say this is proof distributions coming in year 2024
…
the United Western Bank FDIC website DRIPP data has not been updated since the Sept./2023 report.....this is a BLATANT INDICATOR the FDIC has set up a TERMINATION for the failed bank receiver..........100%......
......bobbie........remember, your best interest ain't ours.................panic, cave-in, limp-wristed sellout, dirt cheap.........will get your rear-end beaten and you might end up in the slammer..............
.....point being, bobbie.........BEST INTEREST IS FIGHTING FEROCIOUSLY........for the most money.................BIG MONEY, bobbie...........not your quickie $2.50 per, for the fourth time...................go away, bobbie...........
....go back to Vietnam and fix that mistake, bobbie.............for starters..........BIPOLAR BOOMERS.....
...I VOTE TO MUSCLE UP ON SONTERRA AND TAKE DOWN UBS FOR $20-billion...............UBS is guilty and has mountains of loose cash...............
....GO BIG OR GET LOST, bobbie..................and keep your paper dolls and sock puppets on wamu.........tyia.....................
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DOOOOOOOOOOOOOOO ITTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT
stepdaddy abandoned us, but we might be better off without him.......................
First Citizens BancShares, Inc. (FCNCA)
$1,753.88
+20.96
(+1.21%)
might be.....wanna B/H/A either way...............$21 per, is still in the cards......that's the $1-billie sonterra settlement, vs the $250mm rume rume......aimho.....
JOINED AT THE HIP ALWAYS HAVE BEEN ALWAYS WILL BE, and of COURSE JPMC is in the smack ass middle of both
COULD THE FDIC START SHUTTING DOWN ALL OF UWB/UWBI the day the sonterra/LIBOR decisions come down (TODAY, perhaps??)........................
ABSO------mother------f**king------LUTELY...............seriously and the vibes are leaning in that direction............
the United Western Bank FDIC website DRIPP data has not been updated since the Sept./2023 report.....this is a BLATANT INDICATOR the FDIC has set up a TERMINATION for the failed bank receiver..........100%.......(same with WaMu, larry, but don't attract those rats, please, hereon).....................
the end, for the UWBI cusip vermin is near............my only problem with that is.....................the sooner the PAIN ENDS.............the lower the $$$$$$ amount on the final payouts, the holdco proceeds combined with the FDIC's qualified dividend.............
if the $250mm, settlement on sonterra is true, regardless of the defendant class members.................$11.50 per----ish.......creeping to BOXCARS 12, per.....the end.....aimho.....................probably true................so, call it $12 per, within the next 45-60 days......................
....1. FDIC's Martin Gruenberg is on the hot seat, politically........2. speculation on sonterra..........................
.....1. F**K Marty......had both good and bad experiences with this psychopath......my final rating of this AH will be based upon the final UWBI payout dollar amount.......????.............A+.....or F............only two grades this mofo will receive from professor SCOTT....................
.....2. sonterra is tied up on something technical.......our appeal, which is adding back the complicit 15 banks released by the federal district court....is the issue, imo.......(could be a problem with the UBS and Antitrust tests, but, doubtful).........back to the banks released from the defendant class.......even per Deutsche Bank settlement agreement narrative, those banks might get added back.......and could bankrupt many of them......whatever............
.....the legal issue, imo, is whether the defendant banks can be connected to ALL OF LIBOR, even though the banks were not involved with sonterra......???.......now, those banks might have been on record, by court decision or court record, as "PARTICIPATING IN LIBOR CRIMES THAT UBS WAS ALSO INVOLVED WITH.....or mayhaps simply connected to the LIBOR misdeeds and unlawful acts......????........ADD BACK THESE SCHEMING, CROOKED, FILTHY BANKS....then we stick 'em for $50-billion in punitive damages..............BY LAW.......
.....whatever.....F**K every entity across the board.......FDIC.....LIBOR......ZION......PUTIN.....TRAVIS KELCE......ET-----mother-----f**king-----CETERA.....show me the money on the UWBI sewer juice....aimho.....
....totally FDIC's call on the follow-up to whatever happens on sonterra/LIBOR...............????..........FIGHT ON, or settle or GIVE UP...........????.........
......the under-lying legal points on sonterra are deep and weird...............????..............technicalities, imo..................the ANTITRUST laws are vague, imo.......and there were numerous other legal questions on the basic suit itself.......................imo...........
.....UBS is dead on GUILTY, or should we say "responsible"....for the LIBOR transgressions......SAME EFFECT IN THE LAW, imo................
....POINT IS...............WATCHING THE FDIC..........kinda fascinating, but unpredictable as hell..................CURRENTLY, THE FDIC IS GOING FULL BORE TO GET THE DEFENDANT CLASS (now only UBS) TO PAY PUNITIVE DAMAGES FOR ALL OF LIBOR - - because so many little people were negatively impacted by the criminal behavior.................
..............ROCK ON, losers............LET'S WIN THIS sonterra mess and bank some bigtime coinage...................aimho.................
....off the record, I have met and spoken with the individual who makes decisions which are determined to be in the "BEST INTEREST" of UWBI common shareholders, that include an ESOP, and which carries even more responsibilities due to ERISA..................
.....the issue is, imo, whether shareholders should have accepted 340,000 shares of frankie's fudge and cancelled the stock..........?????.................
.......OR, convert the stock into cash, and accept the cash FOR DEPOSIT............and allow the stock to survive, in order to capture and collect dividends from the failed bank receiver, if any...................THAT'S THE ISSUE.....................
.....dropping the bank's suit, was also done in the shareholders' "best interest"..........tough to sue on that one, but the stock conversion question, could be actionable, imo......
....GUY doesn't wanna get sued by a swarm of non-binary bipolar SANDFLEAS...................and he stands to gain the most, by far when we do get paid out..............
....................GUY'S DECISIONS MIGHT TURN OUT TO BE GENIUS.................$75 per, hello............BUT THE TRUE TEST WILL BE, AND IS......whether the final, total dollar amount to the UWBI sewer rats...............EXCEEDS FCNCA p/s, divided by 100, and that net, per share................THAT'S THE ISSUE......stay tuned.....aimho......
The horse may have left the barn, but they are beating the hell out of him and we haven't seen any movement...
.......GET OUT OF THE USA, Sergio P. Ermotti.........UBS has committed the CRIME OF THE CENTURY with the LIBOR ACTIONS.............EXPULSION IS THE ONLY FAIR REMEDY, Sergio P. Ermotti.............
....time to admit responsibility and PAY UP, Sergio P. Ermotti..........PUNITIVE DAMAGES INCREASE EVERY PASSING DAY, Sergio P. Ermotti..................
............Sergio P. Ermotti.......................SEARCH ENGINE ALGORITHMS love you, now, Sergio P. Ermotti..........due to DESPICABLE CRIMINAL ACTIONS THAT HURT LITTLE PEOPLE.....severely damaged poor, underprivileged schoolchildren.............OUTRAGEOUS, Sergio P. Ermotti............
...ABHORRENT ANTITRUST BEHAVIOR by UBS..............and you are responsible for this EGREGIOUS ABUSE, Sergio P. Ermotti..............
....$50-billion, Sergio P. Ermotti............PAY NOW.........then GET THE F**K OUT OF AMERIKKKA, Sergio P. Ermotti.............aimho..............
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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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