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....UBS has its best leveraged negotiating position, AT THIS VERY MOMENT.................because we could lose THEIR APPEAL and all of sonterra would be lost......
.....and further, once the cross appeals come down, and our case is on.................we request a formal jury trial which implies a trial date, set by the assigned judge.........THIS IS THE SIGN THAT THE ENTIRE SITUATION IS VERY, VERY DANGEROUS TO THE DEFENDANT.................and then symbolic--ly, the full jury trial.................is ON...........the process then begins with requests for documents and interviews, Interrogatories and related................and then whatever Deutsche Bank gives us..........which is POTENTIALLY extremely damaging to UBS................... and the DB stuff, whatever it is......has been sanctioned by the court...(which means it cannot be shot down by UBS).....
.....I SAY...................GAME ON..........FULL JURY TRIAL..............MAKE A GARGANTUAN PRESENTATION TO THE JURY.................create emotion.......
....if Sergio P. Ermotti........BEGS AND BEGS............we listen.............$10-billies, minimum................and wired in 10 days........and we let UBS author a settlement agreement and keep it secret, if so desired........................aimho..............
SORRY CHARLIE
I'd take his 5 bill here and now, my WAG is he will NOT NOT RISK being kick out
..................have you chosen your Easter outfit yet, BUFFY.................????.......................
....point being, BUFF..............BIG BOYS PLAYING HARDBALL, hereon.......................(we reviewed numerous taped presentations by Sergio P. Ermotti.....arrogant, stubborn, slick, European banker....kind of a flowery Jamie Dimon...typical......WEAK, imo.......)....................
.....certainly, Sergio P. Ermotti defers to his SEVERAL law firms......................which usually make bad decisions because they wanna drag out easy FEE INCOME for as long as possible...............UBS has $414-billion in idle, unrestricted cash and we are only a $2-billion problem, although UBS could get banned from the USA, imo........easily, because Antitrust by a foreign entity is actionable and guilty perps are subject to expulsion......................
....WE ARE GOING ALL THE WAY...................jury trial in Baltimore.............gotta show real people the MASSIVE DAMAGE THAT THE LIBOR INTEREST RATE RIGGING DID TO INNOCENT, UNDERPRIVILEGED SCHOOLCHILDREN IN BEATEN DOWN AMERIKKKA....................all the way, buffy...........go soft on DB COOPER, buff..............not here...................
Fred
""..whatever.....F**K SERGIO....aimho""
He needs learn to "" KNOW WHEN TO HOLD EM AND KNOW WHEN TO FOLD EM AND KNOW WHEN TO WALK AWAY""
.....TODAY.....or in 2.5 years............????............THE MONEY.........WHEN...........?????.........
......no clue..........the FDIC venue shopped and wanted the City of Baltimore (which is a county)...venue.....and then the FDIC, directly, filed the Hague letters with the court and got approval to do so............FDIC ain't playing games, imo.......and the FDIC got Deutsche Bank to settle and agree to RAT OUT UBS and any other LIBOR perp...................????..................
......UBS is massive.......and not showing its hands on its LIBOR/sonterra strategy.............could throw pennies at this mess and smash the GNAT............or is in a HEAP OF TRUB.........????......UBS is waiting on the cross appeals and there appears to be a problem at the USCA/2..........????........definitely a full case review, which at the federal appellate level means....................SERIOUS DECISION, of some sort............worst case to us is, we lose our appeal and UBS wins and the cases are over.................or remanded, or partially remanded............???..............definite bowel movement on the cross appeals............100%............
....too weird.......I would just blow this entire mess off, but the seriousness remains and the potential dollar amounts are, well, LARGE....even the DB settlement agreement narrative said a jury would award damages of at least $2-billies, on sonterra.....whatever.....F**K SERGIO....aimho
....awaiting the USCA/2 cross appeals and trying to get into Sergio P. Ermotti's FLAT HEAD.....
....on the MATH VORTEX, the last angle is 30-degrees, which is narrow and acute.......the LEG up, therefore is long.......on that leg, we have about $5 per, from frankie's fudge factory and about $6 per, in recoveries to date..............so the last section of the VORTEX leg = about another one-third of the total length......or, about $5-6, per...............ERGO............dat be yo $16.50 per, total, final payout, and $11?? of which is a qualified dividend, so the whole shooting match is a LTCG.............nice...............
.....and, this MAGIC MATH nonsense also conforms to the standard damages payout on ANTITRUST charges............$800-million..........nets the sonterra plaintiff about $525mm +/- and the individual members of the plaintiff class about $110mm................so $4.50 per, to the uwbi purple polecats, on libor.....???......
..............tee 'em up, handsome gents................$16.50 per, quite soon and all metrics, REAL AND METAPHYSICAL are met....spot on.......aimho.....
....ALL OF LIFE CAN BE EXPLAINED USING VORTEX MATH.....100% spot on...................everything.........
...so what about that dirty POS, uwbi............how does that play out using vortex math..........???..........
....the beginning cross line is LONG....LONG....the drop....the failure or seizure of the bank....SLANTS DOWN........
...the inner lines or angles are proportioned and balanced....we assume this is frankie buying the nol/tax credits......
....then the next set of lines pop up...........this is, we assume the pledged stock, increases in value................
....THEN WE HAVE THE LAST LEG, or slanted line...back up and balances with that 1st ugly down-slanted line....??????.......
.....CONCLUSION.......the last leg up....is a biggie...........and represents the payout and closure LEG of the vortex...........GUARANTEED to be a BIG NUMBER..............really, really big.........but on balance.............$16--to---$26, per share....??........possibly a tad higher.....$33, per, maybe.....???
......re: MARCH MADNESS............University of Maryland - Baltimore County (we're suing UBS in the city of Baltimore, which is a county, but we get the message - - BALTIMORE is a lucky venue, city or county) became the first 16 seed ever to upset a No. 1 seed in 2018, when the Retrievers defeated Virginia and became an overnight sensation. In 2023, FDU (Fairleigh Dickinson University) became just the second 16 seed to knock off a No. 1, shocking Purdue..............
....we need the UBS/libor cross appeals, which are due any day and then we proceed with the basic sonterra suit......in the city/county of Baltimore........where we plan to take down UBS and any other perp, added back by the appellate court.......we told our legal counsel, no settlement, however if the perps wanna talk we will listen, but the 1st word on any settlement proposal MUST BE A DOLLAR AMOUNT, STARTING WITH THE LETTER.................."B".............."B"...............plural, too...............
..........no hurries and no worries..........................
....each passing day = more money for the UWBI purple polecats.................very cool.............aimho...........
........THE FDIC SHOULD SEIZE UBS.....and WILL, given a jury verdict to afford reparations given UBS WORLDWIDE ABHORRENT CRIMINAL ACTS...................
.....and the "Hague letter" has been issued by the federal court..........FDIC HAS A GREEN LIGHT TO DEMAND INFORMATION and TESTIMONY from parties involved in the OUTRAGEOUS FRAUDULANT CRIMINAL ACTS..............perpetrated by UBS and possibly other banks aiding and abetting the criminal behavior....
.......what say you, SERGIO...............????...............silence = admission of guilt.......aimo..................
....is this fun, or what...?...throw out a number, SERGIO....we'll give you one response...one...offer to settle sonterra....then we take you down, sergio...
FOCUS: how is SERGIO playing the game, re: sonterra.....or is he............????..........
dunno.....genius move if SERGIO pre-settled for $250mm......UBS is in the 50%+ tax bracket in Switzy and so the UBS net outlay would only be $125mm = peanuts.....
or UBS pre-settled for the BASIC ANTITRUST CHARGE of $800mm.....????.....($400mm, net)........
as for damages.....unlimited, imo.......if a perp burns down 20 houses but settles the charges on 19, the 20th can sue for all the damage......that's what we call "PUNITIVE" damages..................so, UBS could be on the hook for all of the LIBOR carnage.........and an emotional inner city jury could SLAM UBS....BIGTIME punitive damages........easily $15 billies which would get the uwbi sewer rats $75 per, $70 in a qualified dividend.........tyvm..............
so........F**K YOU, sergio...........pay up or pay up...........................we'll simply wait it out, and the dollar amount gets bigger each day.........aimho.............
now, ms. sand flea dear, ya want me to throw down some BIGTIME shade on Sergio P. Ermotti..................???..............ripping off poor, underprivileged schoolchildren in the decaying city of Baltimore, Maryland..................OUTRAGEOUS...........EGREGIOUS........(throw the thesaurus at this one, larry).........
and also, we tell this SERGIO turd, no settlement.......we want a downtrodden Baltimore jury to determine DAMAGES for the ANTITRUST crimes......UNFATHOMABLE behavior...........this crooked, criminal foreign company has $414-BILLION in cash.....so, $25-billion would be a chin ram to these sleeze-balls....(and the judge reduces it to $15-billies).......onward.........
we got this..................................
........$75 per..............$70 per of which is a QUALIFIED DIVIDEND............aimho........two mouse clicks, if SERGIO wants to pony up $15-billies and spare UBS worldwide disdain and a possible ban from the USA...............
Now you're talkin', bud...
....sonterra "proceeds" will be paid to the FDIC as the Receiver......which adds those monies to the balance of the recoveries.........there is a step in between the litigation proceeds and the dividend..........
....the FDIC can call the ultimate "dividend" either ordinary or QUALIFIED...........qualified dividends CAN BE TAGGED and treated as ordinary income.....A qualified dividend is a payment to owners of stock shares that meets the IRS criteria for taxation at the capital gains tax rate................
.......bottom line on the FDIC payout.......their call..........should be qualified.....but the FDIC has done both and I believe the SIZE of the payments to the UWBI polecats will drive the designation of the dividend............COULD GO EITHER WAY ON THE TAX TREATMENT......
.....A GOOD PROBLEM.............bring the money........we'll pay taxes at whatever rate.....and HAPPILY FUND THE USA SOCIALIST REPUBLIC......
.......AND WE RESTORE THE CONFEDERACY on 1.20.2025..............aimho......
THESE libor funds are having to be sued for to obtain them it is NOT via a negotiated settlement but via LAWSUITS, now I do not see how or why this would not make them LITIGATION PROCEEDS to return VALUES that were STOLEN from the plaintiffs and the FDICK is just carrying this out on BEHALF of those that were harmed and any money that come to THOSE THAT WERE harmed imho would be considered LITIGATION PROCEEDS(from property stolen and being returned) and yeppers that is how I will have my CPA address it and most likely end up fighting with the IRS/FDIC over it
It would be like ya have your car stolen, yet after bringing suit to get it back, you have to pay taxes on the value of the car as INCOME HMMMMMMMMMMMMMM really
....AGREED, ms. sand flea dear.............and BRING THE BIG MONEY, however highly taxable............not a problem in the least...............
....and, to the FDIC........SUE THE F**K out of UBS for that OUTRAGEOUS, EGREGIOUS behavior that blatantly violates Sherman/Clayton ANTITRUST laws.....
...UBS and others RIPPED OFF poor, underprivileged SCHOOLCHILDREN.........arrogant, Cadillac-driving white PIGS DAMAGED poor kids trying to get an education and get out of poverty.........
.......following my LOGIC, ms. sand flea sweetcakes........??.........NATIONAL NEWS................HUGE...........UBS HAS GOTTA PAY FOR ITS ABUSES......or get the hell out of the USA........................BANNED FOREVER......................
.......................sand flea......................?????...........................bring me the tax bill, sandy..................using $70 per cusip share (plus the $5 of which ain't taxable)..........
Dunno ‘bout you, but I’d rather pay 37% on a Millie than 20% on a 100k (numbers just for S&G). The leftover pocket change is bigger, at least from the old math school.
....Dude: my original point IS/WAS..................a HUGE WINDFALL PAYOUT on uwbi.........is a taxable and therefore painful event.......GOOD PAIN......but further, the FDIC is publicly bragadocious (to it's sister the IRS and its parent, the UST) about paying out BIG CHUNKS of dividends...............
.....that's it............BIG MONEY payouts have tax consequences......bigger money = more tax......ordinary income is THE MOST PAINFUL because it has the HIGHEST PERCENTAGE TAX RATE..............pushes the other money earned that year into a higher bracket..............
.....pay a few million into the government, BUFFY....and you will share my sentiment.........supporting socialism is not one of my causes, BUFF............murder babies on your dime, BUFF.......
...so, BUFFY, your apologies will be taken under advisement..................
................................GO ORIOLES.....................................................
.
lol, TIT SUCKER. I miss those days. ;)
NO you pay your own damned bill don't BE A TIT SUCKER off of someone else
And ifin ya don't ALREADY HAVE A CPA comparing size is irrelevant so
Ya already know you holdings are aprox 10 times that mine are here so what
....and should we send the BILLING from the CPA on this POS to you, Mr. BANJO BUFFOON....................????...........which you surely won't pay along with many of your other debts/bills...............????..............
...being overly defensive and thin-skinned is not a good look, BUFFY.........not to mention the continual PANIC-WIMP-SELLOUT approach to the UWBI closure.....= lowball....
.....all is well that ends well, BUFFY..............and we can compare bottom lines at that point (although commiserating with uwbi vermin probably won't happen after we get paid out....sorry.....nothing personal.....)...........
..............GO ORIOLES..................................
Fred
You don't read or comprehend very well do you
"" and we might forgive your unlawful recommendations and continued reckless behavior, BUFFY.."""
GET/HIRE A CPA is not reckless or unlawful
FACTUAL REALITY, Mr. Buffoon....................the FDIC's "dividends" are considered ordinary income in the specified tax year..........and the FDIC makes it very clear in its SUMMARY STATEMENT (made public) that payouts are taxable and therefore the FDIC's recoveries actually benefit the U.S TREASURY..............
keep your CRIMINAL TAX CHEATING ADVICE on WaMu, please, BUFFY..........any competent CPA will give the same advice as I give.......(I do recommend LOADING UP on qualified 179 deductions, BUFFY - - which is smart business and is LEGAL)................
sorry, BUFFY..........another fail...........................
do bring the fitty---tee..........per...................and we might forgive your unlawful recommendations and continued reckless behavior, BUFFY...................................
Fred
NO I DIDN'T
"""You just got all my followers thrown in jail, ROBERT..."""":
My suggestion keeps them out of JAIL, HIRE A CPA not an accountant or a tax preparer, BUT A GOOD CPA
Readddddddddddddddddddddddddddddddddddddddddddddddddddddddddd
And not do we NOT ONLY KNOW how it will be classified, we DON'T KNOW if there will be anything coming back so, again get over yourself would ya
Ordinary dividends are taxed as ordinary income, while qualified dividends are taxed at the lower capital gains rate....................
Ordinary dividends are taxed as ordinary income at your regular tax rate, while qualified dividends are taxed at a lower rate, similar to the long-term capital gains tax rate. To qualify for the lower tax rate on qualified dividends, the dividends must meet certain criteria set by the IRS.................
You just got all my followers thrown in jail, ROBERT..................also consult the FDIC payout policy on "dividends"........which matches the IRS rules......(and the FDIC will send at least notice of the payout activity to the IRS - - they've done it before to me)............
I wish your BAD ADVICE was true, ROBERT......................I've received "dividends" from the FDIC............the amount determines what tax bracket a person is in......but if the amount is large..........TOP TAX BRACKET, robert..........AND IT ALSO PUSHES OTHER INCOME UP.....UP.....UP......robert..............
ANOTHER IRONY, robert.........when you end up in BUTNER.............your bunk-mate might be FRANK BROWN HOLDING, Jr................aimho.............
Fred
We throw SPECULATION out as to HOW it may be taxed and that is ALLLLLLLLLLLLLLLLLLLLLL
That is why one HAS A CPA as they will know EXACTLY how to handle it and that is why ya pay em big $$$ to do your returns
But I agree with this
.""""DO NOT take TAX ADVICE FROM KING FREDERICK QUICKSILVER SCOTT I or BANJO BUFFOON BOB, hereon................"""
Now I will put out a comment, if if IFIN we get this kind of money back, any with a brain will not use TURBO TAX and will hire a CPA
FRED
DIVIES are taxed at a lower rate than ordinary income, now I wish it would be considered damages/restitution and come tax free and still feel it might since it was our first and they are just returning it
GOTTA POINT OUT THAT.........the FDIC's altruism (do-good grandstanding) is super self-serving....................
to wit, comes now..................the FDIC is gonna get BIGTIME DOLLARS on sonterra, but the five beneficiaries are collectors of the sonterra monies.....and ARE GETTING TAXABLE INCOME, imo...............OR MAYBE JUST US, because our money comes to the UWB Receiver...........which then passes the money along to us....(the others might be litigation proceeds, or similar non-taxable income - - but not ours)..........
point being....................at least 33% of whatever the FDIC shakes down UBS for, on sonterra..............is coming back to the U.S. TREASURY (IRS) in taxable income..............(only exception is ROTH IRAs, as regular IRAs pay taxes, eventually)...................
SO CASH IN, fellow purple polecats...............the IRS is getting 37% right back...........and in high-tax states.............44%..total..........cut of our payola......OUCH!!!!.......
so consult your tax adviser for specific guidance..............DO NOT take TAX ADVICE FROM KING FREDERICK QUICKSILVER SCOTT I or BANJO BUFFOON BOB, hereon....................or you'll end up in the BUTNER PRISON..............with a very, very sore AH....................aimho..................
_______________________$53 per UWBI cusip share________________________
...I just spread the whispers......sounds a tad over-the-top...............???.........the MATH is spot on to the penny......UBS pledged $10-billies to walk......????.....
..........only concern is $48 of dat is a dividend................YIKES!!!!!!!!!!!!!!!!........................but we'll still take it......................
............fitty----tee...............per.........................let's do dat................omg, wtf....................give the opie-dope poopoo, larry.......I'm on the floor................
......PUT ON A BIG BOY HARD HAT...........prepare to fight to the end.....for the LARGE GREEN.................
....smart money, on situations like this.......PRE-SETTLE before the appellate court decisions......on the dollar amount and then await for the legal rulings.......
....this locks in the financial consequence for both sides.....preserves the legal rulings..........and both sides move on..................
....DID UBS agree to a financial settlement...........pre appellate cross appeals.....????.......NO IDEA........rumors are YES....but the dollar amount is quite small.......???.....
....................WIN WIN............money soon (although low-ball)........or we fight for another couple of years.........for MAJOR MONEY (my vote).....aimho.....
UBS realtime Balance Sheet...........Cash, Cash Equivalents & Federal Funds Sold...................$413,187,000,000...........................
TWO MOUSE CLICKS..............=..............$100-million.............net.................TYVM..................
.....DTCC repo rate....TREASURY 5.340%.....3.14.2024....................
.....no news = GOOD NEWS........ala the fine wine mentality.............each passing day = more money to be paid out to the UWBI purple polecats......
.....BIG BOY HARDBALL.....and the uwbi rodents fell into what could be the BIGGEST SETTLEMENT ON ALL OF LIBOR..........pure LUCK..........
....mayhaps we take our talents over to the TRUTH SOCIAL internet social media platform........appears you rabid sandfleas ain't having much luck on GRINDR........
.
"Look at the grouse!" Oops, sorry, Fred :)
For Period Ending September 30, 2023
FDIC has not updated this for almost 6 months now.
This is like watching, reruns of THE THREE STOOGES
definitely a settlement, but the deeper the case goes...........imo...........THE BIGGER THE SETTLEMENT AMOUNT....................and when and if, a formal TRIAL DATE is set............GAME ON...............(when Enos and his NFL Rams team got sued by St. Louis or the state or county for leaving the city and violating ANTITRUST LAWS.......everyone thought the case was a joke and Enos would fight back and win.........but the city persisted and finally a TRIAL DATE WAS SET................3 days later.............$800-million settlement and Enos paid it in 5 days......Bank of America wired)..................
the FDIC may have pre-settled with UBS for $250mm.............?????..........which could look smart, if the basic case gets sent back or reversed on loop-hole technicalities, which is possible, imo....................only a dollar per, for us........add that to our current $10 per...........GOALPOSTS.......per...........TENNESSEE WINDCHIMES, per...........and the nightmare is over.................
I say..........FIGHT DEEPER...........settle for the Enos Antitrust precedent of $800mm...............or take it to an angry jury in Baltimore and get the $15-billies, that UBS can easily afford................................ALL THE WAY..........ALL THE WAY.............ALL THE WAY...........no FAIRIES, hereon, please............
$75 per.....no alternatives.............PAY UP, SERGIO......or, like Tik Tok........UBS WILL BE BANNED FROM AMERIKKKA.........GET OUT, sergio...........aimho.....
FRED
""".and a deep-pocketed defendant can fight for years.....only spending $10 million, maybe even $25mm, at the most, in legal fees"""
Me thinks you are way way off on the possible amount that the legal see might cost !!!!!!!!!!!!!!!!!!!
WELL over 875 PLUS Mill and most likely over a billion was spent on the WAMU CASE in legal fees and the HASSLE and damage to their reputation, they won't risk it, TAKE THE HIT, PAY THE PIPER and get on with the dance.....................
....I think there are numerous legal undercurrents that we do not see........and might be politics involved somewhere.............the FDIC knows high-priced defense attorneys can loop-hole out of antitrust allegations...............just a myriad of legal flaws ON BOTH SIDES, imo.................
....however..............sometimes a jury trial brings JUSTICE to a legal dispute......or clarity....or neutralizes a HUGE LEGAL FIGHT.........
.....the FDIC's legal premise is ROCK SOLID, imo......little people got hurt by the LIBOR scandal................let a jury of little people CALCULATE the dollar amount of damages..................inflicted by super rich, arrogant, criminal (white??) bankers......................
....UBS has agreed to pay for its sins, royally and has even long paid off the city of Baltimore, on the sonterra fund that held the school district bonds..............
...................FDIC said no settlement is possible......................but the sonterra suit has holes in it...............and a deep-pocketed defendant can fight for years.....only spending $10 million, maybe even $25mm, at the most, in legal fees...............fending off a damages award of $800mm, a billie or whatever............vs. $25mm to fight/appeal forever............
...........WE WIN, however this plays out, ROBERT.....................let's fight for awhile...........................swell the onion for once, robert and see what happens......
FRED
I aint bailing but SONTERO/UBS will and lay odds WITH LANGUAGE that is NOT GUILT FREE or they can get their butts and offices of US PROPERTY !!!!!!! SO WE WAIT and see right
AGREED, robert, but I know the FDIC.......antitrust charges have been filed against UBS and others for outrageous actions which allegedly resulted in $$billions in damages.........IRONCLAD suit.......
and UBS has tons of idle cash...........and has settled LIBOR suit after suit after suit....with total blameless, guiltfree language in the settlement agreements......
ya ain't ever gonna get the BIG BUCKS if ya go lame and sell out in an emotional no-balls panic, robert...............
but I'm glad it's over, IF....IF....it is................and you can get off Mr. Holding's back, robert..........piling on the poor guy............geezo......after using his own mother's FCNCA stock to placate those rabid uwbi tadpoles.................
no worries and no hurries, robert.......................regardless of what happens...................we have winning lottery tickets with no expiration date..........aimho..........
Fred
""but as far as the FDIC playing BIGTIME hardball and working a full jury trial,...............doubtful..........????.."""
Now weren't you told this by some trailer trash sand flea MONTHS/YEARS AGO?????????? That this will NOT GO TO TRIAL and WILL be settled imho even before anyone sits on a witness stand
OH well at least ya eventually come around and get it
Dude: no clue...but if the FDIC walks, as suggested, game over.........the FDIC filed the Hague letter which is posted on PACER 12.19.2023......just a standard, boiler plate petition, the notice and the transcript......????.............
we heard no money, $1.125B.....and then $800mm and the $250mm (1st, months back and cred).................but as far as the FDIC playing BIGTIME hardball and working a full jury trial,...............doubtful..........????.................something was going on behind the scenes........???.............
if true, FDIC wants the court decisions, the law.............and then shuts down sonterra, and the UWB Receiver...........terminates.............
as usual with this POS.........weird, secretive, waiting on a dead legal case...........nasty bastards.........where the F/-- is the money.........
we'll see soon and when this nightmare is over.......milli-seconds...........we believe the FDIC wants to be rid of US....imagine that.......probably because of that rogue internet hater troll............banjo something........yapper...............bad-mouths Mr. Holding.........promotes Roe v. Wade.........roots for the Redskins........drives green cars and trucks..........insurrectionist wannabe....aimho...
......sonterra DISMISSED or DEAD...???.....closure/payouts = $11 per....5 + 6...............
....whatever.........neal's got less cred than me..............GOALPOSTS......TENNESSEE WINDCHIMES......per....???.....
...this is ARMAGEDDON and it really ain't too bad.....................
...we'll see........I"M STILL ON THE $75 per BANDWAGON...........WIN WIN.............aimho.....
CAN WE SOLVE UWBI - - meaning accurately forecast the final payout - - USING MATH OF ANY LEVEL............????.........
definitely yes, imo..........I've tried using the tesla 3-6-9 MAGIC and we tried to insert some basic numbers into the COLLATZ CONJECTURE.....or 3x +1, and using the calculus graphs.................(no luck on that freak show)..........................
what is weird though, if you have 2 circles, and one's radius is 1/3 of the other..........how many rotations does the smaller circle make around the larger circle.....the obvious answer is 3, by calculations..........but this is WRONG...........the real answer is 4.........(the real answer is a measure of the circle's center point - - that is the distance the center point travels around the other circle - - not circumference over circumference..................MATH WIZARDRY......vortex math applies to the universe 100% of the time......uwbi is no exception..................
FRED, WTF does any of this hocus pocus crap have to do with the UWBI nightmare................????.........I believe we ROLL the net, per share value of the holdco proceeds, call it $4.29 +/-....(126.9mm sale proceeds/29.6 uwbi shares)........around the 3x, larger circle...............4 times...............$17.16 per share..........there it is.........SEE WHAT HAPPENS IN THE END AND THEN COMPARE BACK SOMEDAY..............to the penny, imo..............
.....re: sonterra vs barclays......the cross appeals we are waiting on...............................................
...to me, the long, drawn-out wait for the USCA/2 is a GOOD SIGN..............because it is complicated, legally, but the judges are smart and are definitely digging in to something............????..........which, again, means the BASIC SUIT will continue...........ANTITRUST at the two highest levels and the international commodities laws..................UBS is in a world of hurt.............imo............as the basic case plays out and the trial process begins............
....now, I also believe a couple of those perp banks are getting added back to this sonterra suit.......the entire class (other than UBS) was relieved, or removed and we appealed this ruling with a solid question, I feel...................whatever................the more the merrier..................
....the legal process at all levels.........SUCKS.......ameriKKKa is a HUGE LEGAL CESSPOOL.........way too many lawyers and judges and the process is BROKEN.....(artificial intelligence could one day LITERALLY WIPE OUT THE ENTIRE COURT PROCESS - - the mind-numbing gamesmanship - - ZAP, gone.....how cool will that be - - total automation and even the judges might be replaced with auto-pilot robot judges)...................
...anyhoot, on the sonterra appeals we are waiting on.............will come down soon and the process will continue....GONNA BE AWHILE......a long while, imo......
...................................NO BEGGING....................................
...and I am starting to feel sympathy for UBS......getting brutally attacked by the FDIC on a loop-hole, technicality ANTITRUST ALLEGATION......
...whatever...........we stand to CASH IN, bigtime.........IF THE FDIC PREVAILS, or settles for billies.................WIN WIN WIN WIN...........and our ante is 100% house money............
...with the FDIC, WE WILL BE SHOCKED IN THE END......high or low......GUARANTEED..........I've done dozens of freak shows with these AHs and been surprised with the end-game.....every time.......and...........and..........the end comes in a matter of minutes..........or several years..............always EXTREMES.
....aimho
we are keeping one crossed eye on that FRANK HOLDING AH...............................
FCNCA,,,,,$1,534.10....-19.49 (-1.25%).....probably not going down the tubes for awhile...........
BUT FRANK STILL HAS THE DENVER THRIFT PROBLEM HANGING OVER HIS FLAT HEAD............BUTNER, frank.....???.....mayhaps FRANK should summons his BUSINESS PARTNER, in waiting, DC EMHOFF..............over at 1600 pennsylvania ave.......better hurry, FRANK........cause DC ain't gonna be home much longer.........................GETERDUNN, frank...............Denver THRIFT folks are angry.........mobsters.........insurrectionists..................
...........nap time................<yawn>....................too much stress with that Denver THRIFT stock.........never ends and never pays off..................aimho.............
LEGAL ADVICE TO UBS, re: sonterra..........outsmart the fascists..........to wit, comes now......................
I would suggest DOUBLING UP on a settlement.........that is..........TRY TO BUY FCNCA or USB and tie the purchase to the condition to "resolve" sonterra......
kinda two birds with one stone, SERGIO, but levered, and in a way that benefits you on a related matter...................
even though UBS has unlimited monies in which to throw powerful lawyers at the FDIC, for years.......FDIC's turf and the FDIC is the USA........UBS will lose, in the end........100% guaranteed............smart money would find a creative way to settle, ASAP................smart business to end the LIBOR nightmare.............
whatever..........no worries from this vantage point...............fight and lose, SERGIO..........fight and win on a legal loop-hole or a technicality.....settle for BIG BUCKS or settle cheap..........F/U, sergio, however............<yawn>................aimho.................btw, limited cocktail menu during lent.......no vase-sized glasses, please...............
we noticed that the $4.4mm ITR is in the Receiver's recovery pool..............how cool is that..........(14 pennies per when the pea shooters declare a truce)..........???.....
.....2 DISCUSSION POINTS TODAY.........re: sonterra which needs to close for us to get monies.............
....1. the FDIC's "philosophy" on playing hardball is altruistic (= honorable).....the FDIC wants the LIBOR perps, whichever, to pay big money in damages for all of the fringe, little people who got harmed, by the OUTRAGEOUS FRAUDULENT CRIMINAL BEHAVIOR.............okay.....game on....???......
.....2. the remaining PERP, on record, is UBS.......which has paid out billions, or 1.8B...??..to date......or however much.......and might have pre-settled on sonterra but the FDIC wants the legal decisions to be made on the cross appeals, regardless of the money settlement (which the FDIC does, it did it with us on the bobbie richards ITR)......
the FDIC is formidable.....but has an outside counsel and is using its own internal WEAK, imo, legal team as well...........UBS is huge, loaded with cash and really, in the end COULD CRUSH THE FDIC......(neal is on retainer, we heard).......sonterra will settle and maybe has...............but we might as well run with this game and we could get lucky............SERGIO will write a check, soon, imo................WE FILL IN THE DOLLAR AMOUNT..............one-five....billies........15........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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