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Hell, if we are going to go with outlandish prognostic predictions, I like $1600.00 per
....is that an acknowledgement, sweet pea dear, that Francis Scott Key was a slave owner, abolitionist and confederate sympathizer............????............BALTIMORE's finest.....................and a jury pool from Baltimore, calculating the LIBOR damages.......worldwide...............nice..............
.
Careful...some of those animals have been known to sling that poop around, much like BK attorneys.
.....$125 per, click bait, and you fairies just yawn and get back on the porn site..........????..........WTF.........
....I know, I know, we gotta see HARD EVIDENCE.........but we know the composition of the cross appeals, and one was UP-held, or should be and the other, which is ours..............should get sent back, due to technicalities................WIN WIN................
.....AGREED that, if we do cash in, BIGTIME...........REALLY, REALLY BIG...............gonna be a year or two.................adding back the defendant class brings about 20.............20..........law firms back into the case................the 15 defendant banks are lawyered up...........I mean, being responsible for ALL OF THE PUNITIVE DAMAGES ON THE LIBOR SCANDAL IS GONNA BE MASSIVE...............lotsa billies, imo........................
........whatever.............I'm happy we have tickets to the zoo..............sit and watch the animals............eat, poop and have rough sex.............aimho.............
.....LEGAL SPECULATION ON SONTERRA.................imo...........................
.....I believe, after consultation we are in a GOOD NEWS + RE-FILE decision on the cross appeals..........meaning UBS is in the cross hairs and lost its appeal........but plaintiff must re-file to get those other 15 perp banks included as defendants on ALL OF LIBOR - - that is, the 15-perps (including Deutsche Bank, btw)........are complicit, possibly, on all of LIBOR, but not on the specified sonterra project.......(this was our appeal and it was simply sent back to be re-structured???)..........
....TO ME, that is GREAT NEWS, all around..........we just gotta, I think re-sue those perp banks on another action...............?????............possibly a special type of enjoiner, but it's all paper mache crap..................not a problem..............and it puts those 15 other banks on the hook FOR ALL OF LIBOR.......with UBS (of $414-billion cash fame)...................
.....THIS COULD BE HUGER THAN HUGE................UBS and that pool of banks is gonna get stuck with lots more than $2-billies, imo.......try $50-billies.......and calculate back the UWBI purple polecats take.........$125 per arena...........HELL-----------mother-----f**k----ing------O.....let's do this......aimho....
..........NEAL KATYAL..............fought hard to keep sonterra out of BALTIMORE.......not sure of his logic, but we believe Neal's firm represents UBS, or at least was on the team that got those 15 banks removed from the basic sonterra suit (which is our appeal on the cross appeals).............
https://www.sifma.org/wp-content/uploads/2018/01/Hogan-Lovells_MarketingPDF_CLA18.pdf
Neal knows Marty and could intercede and try to outline a settlement..........we believe he has and Marty is emphatic that the case get to a jury of citizens, who assess the CRIMES and determine a damages DOLLAR AMOUNT.....................there's your settlement.........ain't ever gonna be one..........
it appears both sides want the cross appeals to see what the appellate court judges say in their review and decisions.......aimho...........
interest read on the primary libor perp, tommy hayes...............
https://www.reuters.com/world/uk/tom-hayes-former-libor-trader-hopes-put-nightmare-behind-him-2024-03-07/
note the 2 Deutsche Bank associates were cleared in the USA....???...........
this freak wants his name cleared...............whatever..........BREXIT BRONIE.................
FDIC simply asks that the LIBOR SCANDAL to be presented to a federal jury of REAL PEOPLE.........who, then after assigning guilt, fiddle with their calculators to come up with a dollar amount...........(jury will do whatever the prosecution asks them to do...............$15-billies is "fair and reasonable".................
..........$75 per, to the UWBI cusip polecats.............let's do this............aimho........
....WE'D RATHER HAVE THE libor/fdic/holdco/frankie's mother/drew sandler........PROBLEMS.........THAN NOT.............we could have been wiped out, or low-balled out............YEARS AGO.........................
....but being alive, with active cusips, is A WIN, imo..............one more Receiver clawback and we cash in..........appears to be a problem with the cross appeals, but still could turn out quite nicely................I believe sonterra is either OVER and UBS walks..................or UBS is gonna face a monster antitrust action for all of LIBOR............either ZERO or $50 per+++, on sonterra, imo...................only other possibility is the SUIT is on, but there is a compromise settlement......I say no way.....
.......BALTIMORE BRIDGES ARE FALLING DOWN...............BAD BAD KARMA for UBS...............UBS could come crashing down in BALTIMORE..............
......gosh, I love this drama...........I hope it doesn't end for awhile...........seriously, who cares....??.........aimho...............
100%%%%%%%%%%%%%% BULL SHITTTTTTTTTTT
""DONNIE should simply settle for the $175mm"""
ANd when he WINS they gonna owe his legal fees
AND like you say he will win everyone of these BS CASES
DONNIE should simply settle for the $175mm........................and move on....................
the stormy daniels hush money case is a joke..............should get thrown out.............
donnie's gonna win every one of these kangaroo court, fake legal cases........horrible......
............and GET THE UWBI CUSIP MONEY SOON, please.....we're solving donnie, now solve uwbi........tyia......
.
...................FED SHOULD RAISE RATES THREE TIMES IN 2024...................
....core inflation = 14.9%..........THE FED IS A LAUGHING STOCK......out of touch..........
....whatever.........MORE DRAMA gets donnie back in the crows nest...................
............WE THEN RESTORE THE CONFEDERACY..................1.20.2025........................
...(hopefully, we'll have our $75 per uwbi cusip share, by then)..............GO ORIOLES............
...EXACTLY, cream puff dear.....high-level BIG BOY poker...........with a couple of dynamite sticks that could get lit...............UBS cannot, cannot, cannot get an ANTITRUST conviction.......too dangerous.......aside from the money damages..........
....fascinating stand-off..............and uwbi cusip vermin can only win........I've been in the middle of a few of these CONTESTS.......(FDIC vs bank or related).......100% ALWAYS a surprise ending...........I've tried to mediate and the end-game always CLOSES DOWN strongly one way or the other.....BAFFLING.....
....this case will, likewise, imo.........have a SURPRISE ENDING........today or in two years but something WEIRD will end this nightmare, or case (the nightmare is really ours due to the Receiver).........THE $414-billion in cash UBS has, to me is HUGE, HUGE, HUGE........fdic sometimes doesn't care a hoot about money???.................
....end soon with little money.........or a HUGE PILE, soon..........or take forever and then end in a whimper or with a GARGANTUAN PILE (my choice).......aimho.....
Reminds me of that Clint Eastwood spaghetti western where he was playing both sides off each other...
...........MY free LEGAL ADVICE TO EACH SIDE OF OUR SONTERRA Case...........
1. to the FDIC.....create a HUGE MEDIA CAMPAIGN loudly saying the WORLDWIDE LIBOR SCANDAL HURT LITTLE PEOPLE THE MOST.....and then play up how rich GREEDY, SWISS BANKERS did financial shenanigans to RIP OFF POOR, inner-city, UNDERPRIVILEGED SCHOOLCHILDREN.......play up the crimes all over every media type............and then show how this little sonterra suit is going to BRING JUSTICE to the poor schoolchildren in ameriKKKa.........hammer and hammer and then show how UBS is infiltrating the USA to take over wealth management................
2. to UBS.....get aggressive with 3rd party lobbyists, Janet Yellen, Neal's on board already, DC EMHOFF, JAMIE DIMON.......BEG and BEG marty gruenberg to settle sonterra...................then bring in all the 3rd parties and flood marty with the sidebars.............I would go limp, or passive if the trial process starts......go through the motions without challenging anything..........play the victim card...............honestly, DO NOT MAKE ANY OFFER TO SETTLE, once the trial process starts.....drag your feet and stall and be stubborn, but don't fight back.......and then see if marty asks for a number................concede defeat..............
..........great legal fight going on, if it continues.............we can't lose except for the time factor and who cares........fine-wine-ESQUE...............aimho.......
....we trudged through a big chunk of sonterra.............a rough legal junkpile..........with the venue shopping = 2 years of a legal paper war......then the basics with the underlying doubt of the "sterling" version of the index, challenged and lost.........and on and on..........to this point.........????......cross appeals.............
....we have a super weak, loop-hole case that UBS is left fighting.........????...........BOTH SIDES HAVE POSITIONS THAT COULD COLLAPSE.......
....1. the FDIC wants damages and therefore justice for the little people negatively impacted by the lawless libor actions........2. UBS is saying it has made restitution many times over and that the FDIC/plaintiff is piling on in a money and power grab......
....anything is possible but the BIG BUCKS DAMAGES AWARD or SETTLEMENT, imo, are unlikely because UBS has billions to pay silk-stocking lawyers to get them out of this mess......easily, imo......but the FDIC is also formidable and has a valid ALTRUISTIC PURPOSE........and a favorable venue.......
....maybe a formal trial is the best way to go..........gonna be a couple of years and lotsa legal gamesmanship.....I SAY BRING IT......aimho..............
we could lose our appeal and UBS WINS ITS APPEAL AND SONTERRA IS OVER............????...........ZIP on LIBOR to the uwbi sewer rats (via the FDIC)......
this would be the WORST CASE and it means the FDIC Receiver terminates and forwards any dividends paid out to proven creditors.....in our case the money would go to the paying agent and be combined with the holdco proceeds...............THE END.................very possible..................
dollar amounts, imo, are quite low...............barely $5 per from holdco and only about $3.50 per expected from the fascists......and the $3.50 would probably be an ordinary dividend............= ordinary income..................
so there it is, for the panic attackers, who want their money NOW...........and soon........aimho...............
I WOULD PREFER BALLS TO THE WALL AND FORCE UBS INTO A MONSTER SETTLEMENT.....$15-billies for PUNITIVE DAMAGES on all of LIBOR following a HUGE NEWS BLAST...........all over the MEDIA.........UBS FINALLY PAYS FOR THE LIBOR SINS....................and $75 per, to the UWBI sewer rats....$70 per of which is a "qualified dividend".......................
.............PICK YOUR POOP, losers..................peanuts now or fight for the BIG MONEY........(we ain't gotta choice, but you see my point??).................aimho......................
........GONNA GET THE BIGGEST SETTLEMENT THE LONGER YA GO INTO THE COURT CASE............this applies to a defendant with DEEP POCKETS that get deeper and deeper every day.........and has admitted to being responsible for the criminal act, maybe not guilty, but who cares if this perp pays BIG $$$$$.......(but yes, I would accept that Aug/2023 settlement agreement with UBS and the DOJ on the MBS settlement - - make a few edits, ADD THE $2-billion dollar amount and we move on in life - - - - and that's the $20-bill per.....the current 11, plus this libor 9)...........................
.....UBS is trapped and can't try a political pressure trick to settle soon and cheap....UBS is a MIGRANT.....foreign national......on the USA turf and ripping off OUR poor, underprivileged, BLACK schoolchildren, with their OUTRAGEOUS CRIMINAL ACTIVITIES..........
....SO, sit back and relax and watch the animals in the ZOO.............might be a couple of years.....EARNING BIG FAT INTEREST ON THE HOLDCO TRUST DEPOSITS, while we party.....hard.....BIGTIME back in business.........
...........perpetual tingle...........tootle................GO ORIOLES.................aimho...................
FRED
I am here till whenever and aint going no where but YOU YOURSELF SAID,, DOJ ALWAYS ALWAYS ALWAYS SETTLES
ANd SOrry I still say this settles so OL JOE CAN GET HIS CUT before he is booted out the door
...lay off the THC-edibles EASTER CANDY, buffy....................WE AIN'T SETTLING................
.....the whole purpose of the sonterra action was to make the LIBOR perps PAY PUNITIVE DAMAGES......because little people were hurt by their despicable criminal behavior........
....sorry, buffy, UBS, as the main and only perp left............DID THE DEED, hurt people, violated the Sherman and Clayton anti-trust LAWS....and needs to be punished, in accordance with its financial status and using the statutory calculations for antitrust damages.....................
....sorry, buffy........few chances in life to CASH IN, bigtime..........and WE IZ GONNA FIGHT........no wimps or fairies or emotionally unstable bipoles, hereon, please.............aimho....
FRED
THe very reason they brought the DOJ into this debacle imho is IS IS just because of this, as it doesn't then taint the FDICKs rep of NOT
"".the DOJ always, always, always...................SETTLES ANTITRUST CASES."""
FRED I know ya want to hang for another 5 yrs but , IMHO THAT AINT GONNA HAPPEN.
THe boy on the way out the door is gonna want some pocket change to live on SOOOOOOOOOOOOOOO THIS SETTLES so he gets his piece of the pie.
NEGATIVE or POSITIVE...........????............the DOJ always, always, always...................SETTLES ANTITRUST CASES.............????......look 'em up...............
now, the FDIC is calling the shots on sonterra, and we reviewed the Deutsche Bank Settlement Agreement (which is where I got all of my insights into this case)...............the DOJ might just be a figurehead that is automatically added to the antitrust cases to show muscle.........????..............
GETTING SUED BY THE FDIC FOR ANTITRUST IS BAD...........just sayin'.................SERIOUS BIZ..........how------mother-----f**K----ing------ever...........(larry, word)..................the defendant, UBS has $414-billion in idle cash..........and any damages award or settlement is an EXPENSE, and UBS pays out over 50% in taxes..............$2-billies to settle the last LIBOR suit and get a LIBOR suit off its back....................PEANUTS to UBS.......WHY ARE WE EVEN SITTING HERE..??..
write the $2-billion check, SERGIO...............or SELL the UBS BIZ and GET THE F**K OUT OF AMERIKKKA..................Sergio......you animal.....BLATANTLY RIPPING OFF POOR INNER CITY BLACK UNDERPRIVILEGED SCHOOLCHILDREN IS DESPICABLE......CRIMINAL INSANITY...................aimho......
btw, my post of 2/27/24, re: just a yapper, but it specified a $2-billion settlement on sonterra and a final payout of about $16.50 per............somebody, somewhere has tagged that as accurate enough to add to the google algorithm.......???........(wish they woulda taken the $75 per lie/falsehood/opinion).........
too weird.....and I ain't exactly joe cred......or am I...mother teresa wannabe......??.....aimho.....
.
DTCC REPO INTEREST RATE on 3.22.2024...........TREASURY (which means on deposits)..........5.346%.....................................nice............
so, whatever the balance is on the holdco proceeds............originally, $136.8mm????........and we saw a receipt that had a balance of $144mm.....(how weird, matches to the penny the amount of the FDIC's "subrogated liabilities" labeled on the DRRIP balance sheet)..................whatever............
some of us little folks, MIGHT be earning nice interest, which is accruing on our portion of the holdco proceeds...........which we are and further, are protected by law.......if we use the rough estimate of $4.80 per cusip share......times however many shares one owns...........NICE.........VERY NICE............
take all the time necessary on that sonterra, or whatever the F**K it is..................and keep accruing about $1,500 PER DAY in my speedo..........no worries and no hurries........................aimho...............
...the other problem we have re: sonterra........and/or whatever else..............WE CANNOT BE IN RECEIPT OF THE HOLDCO PROCEEDS WITHOUT TRIGGERING THE CANCELLATION OF THE UWBI CUSIPS...........................
...so we have to wait on the termination of the UWB RECEIVER, then the concurrent shutdown of the United Western Bank account..................DRRIP...........and at this point, any remaining monies held by the Receiver will be paid out to "proven creditors"...................in the form of a "dividend"................
..........so we gotta wait.............aside from whatever happens with sonterra......................we gotta survive the termination of the UWB Receiver..............
...btw, WILL WE GET ANY MONEY, from anywhere...............???............holdco proceeds......????..........maybe..........and the FDIC/RECEIVER.....???......maybe.....
This is what we are awaiting...............
https://www.lshllp.com/news/post/sonterra-capital-master-fund-ltd-et-al-v-barclays-bank-plc-et-al-case-no-15-cv-3538-vsb-s-d-n-y
I only saw FIVE.....FIVE............named plaintiffs on the sonterra v. barclays suit (barclays itself was the primary perp on all of the LIBOR rigging, although UBS was 2nd and a UBS employee took most of the fall, imo)..............one of which was the FDIC (now an intervenor and basically lead legal counsel).....as Receiver, for United Western Bank...............
further, the specific fund, sonterra XX????, was one of many sonterra funds, which were smallish bond issues sponsored by the sonterra investment company.....the FDIC got involved in this specific sonterra suit.........BECAUSE OF IT's POSITION as a Receiver for UWB......an allegation in the many responses, including the main appeal, is that the FDIC is using this sonterra suit as a loop-hole to PILE ON UBS, which has already paid out many millions to small borrowers impacted by the LIBOR crimes..........THE FDIC SAID UBS IS RESPONSIBLE FOR PUNITIVE DAMAGES WHICH HAVE NEVER BEEN PAID, to date, BY THE LIBOR PERPS.................
......stay on ETSY, ms. noodle....................we're playing BIG BOY, HARDBALL over here....................aimho................
..IT DOESN'T GET ANY BETTER THAN THIS, my fellow fairies........................and the UWBI RECEIVER stands to NET.....NET.......NET.....12.9% of any damages assessed by the federal court...............or procured in a settlement/resolution.............
First Citizens BancShares, Inc. (FCNCA)
$1,613.63
+32.76
(+2.07%)
sitting here in pain all due to this AH, frank brownshirt holding, jr............CEO................
hope - hope holding the uwbi ENDGAME is as successful as frankie's failing credit union......to date, not so much......
....WE HAVE THE DOJ ON BOARD.......assisting plaintiff with ANTITRUST actions against a foreign national investment bank.........and further, this CRIMINAL ENTERPRISE, UBS, has $414-BILLION in free cash on its balance sheet...........................
.......PUNITIVE DAMAGES.....................to be determined...........by a jury of citizens located in the city of Baltimore, Maryland.................
.....IT DOESN'T GET ANY BETTER THAN THIS, my fellow fairies........................and the UWBI RECEIVER stands to NET.....NET.......NET.....12.9% of any damages assessed by the federal court...............or procured in a settlement/resolution.............
....REJOICE.....REJOICE............O----IS.....IS....IS-RAEL............???? (larry???).............................bring the THUNDER........let's do this.......aimho........
.....................................MATH and MAGIC..............................................
....100%, both...............................................
FDIC's official position is "no settlement is possible" on sonterra with UBS......................currently, or forever, or after the cross appeals, or whenever............
UBS is getting sued for sherman (which is pricing) and clayton (bullying)...ANTITRUST VIOLATIONS........imo....."Whereas the Sherman Act only declared monopoly illegal, the Clayton Act defined as illegal certain business practices that are conducive to the formation of monopolies or that result from them."....................relative to unlawful manipulation of the loan rate index.............
very, very, very SERIOUS action, imo..............and the FDIC can be FEROCIOUS................and will be because UBS is a foreign entity................migrant.........probably ODORLESS............but UBS is squeezing out AMERIKKKAN companies, on ameriKKKan turf................all the more reason for the FDIC to TAKE DOWN UBS...............ruin 'em for what they did to poor, underprivileged, innocent, cute BLACK schoolchildren.........(already beaten down into poverty)....................
...........WE FIGHT TO THE END...............JURY TRIAL IN BALTIMORE....................$25-billion in PUNITIVE DAMAGES...............aimho........
....NO NEWS = GOOD NEWS................and more time, sitting in agony = MORE MONEY for the cusip holders, in the end...............
....and you are kinda sounding like you have obtained YOUR EASTER OUFIT, buffy...................dunno if your easter basket will be filled with THC edible candies.....
FRED
FDICK MOLE, not with the disdain I have for them not hardly, but whatever change the subject
Interesting=For Period Ending September 30, 2023 in the DRRP
When you bring it up, it flashes March31, and then goes to Sept of 2023
...nothing has changed, BUFFY except.......1. frustration over the time line.........dragged out.............and 2. the source of my 1st post = FCNCA stock keeps going up and up and we had 340,000 shares, in our hand.........that we gave up, so we could receive any potential "dividends" from the failed bank receiver.......and this bizarre "pledge" of FCNCA stock and frankie's own mother bailing him out.....etc..........WTF.....WTF........WTF.........WTF.............????.........
....you are starting to act like an FDIC mole, BUFFY.....................a confused zealot...................and now you appear to be defending BROWNSHIRT HOLDING and the FDIC...............?????.....................
Fred
You have also on multiple occasions said he had the right to do this and it could not be challenged, as I have suggested both of this things to be done over the years and you have continually said they can not happen.......... SO what has changed? I'm just asking not slamming you but, WHAT HAS CHANGE that makes it possible today when it hasn't been for years.. SOrry but I am cornfused here
""".and sue Guy and challenge "best interest" decisions..""".
ALSO, no one expected the size of the RECEIVER's recoveries.......we knew that in 2013, JPM threw out $80mm.................then gave back the $14mm, which was the only true secured interest in the original BK.....................but the $14mm came to the holdco..........
anyhoot.............the amount of recoveries is/was $186mm, imo, and we could get another few hundred million from LIBOR sterling................
another WEIRDOUT (what's new with this POS).............the subrogated liabilities on the DRRIP balance sheet = $144mm............REMEMBER the CRP that we presented to the OTS.........from Goldman Sachs, that spooked job kickback johnnie bowman into seizing us, for frank............$149mm............and even judge amy said it was strange that the OTS seized us with the CRP offered up...................????............
same old....same old..................NEVER-ENDING FREAK SHOW..........and today we have...............NOTHING......zero....zip.....ziltch...............aimho.....
......we could establish standing, and petition the court to revive/re-instate the suit against the OCC.............
......only problem, COULD BE, the signor for the plaintiff AGREED to something..........????..........and baked into that agreement is provision that the suit was dismissed with prejudice and a reference made in the dismissal request to an undisclosed agreement.........????......not to sue, to drop the subject suit, and not to disclose any details of any arrangement, assuming there is one.......
....the OCC would submit this, in response to the court..........and we would see what Guy agreed to...........
...SO, BUFFY, maybe we can't sue, but we could make a mess............and sue Guy and challenge "best interest" decisions............granted, Guy didn't know the FCNCA stock was "pledged".............he said he did not know............and further, no one expected FCNCA to rise 5 times from the point the pledge was NOT ACTED UPON...............by us..........???.........
.....we have rights, BUFFY...........to at least MAKE A LOUD STATEMENT in court..................but, all of this is UGLY, buffy, because we just want MONEY....aimho....
Fred
I thought you have said multiple times this was water under the bridge and couldn't take place
""or we revive UWBI, as a successor, vs OCC on the unlawful seizure of our bank...........we actually request standing and then revive or re-instate the appeal of judge amy's SJ.........easy............ ""
.....First Citizens BancShares, Inc. (FCNCA)...............
$1,612.51
+31.64
(+2.00%)
we are still in bed with the biggest AH in the solar system...FRANK BROWNSHIRT HOLDING, Jr....
we gotta see our final payout equal to, or greater than............frankie's turd / 100.........per...........or we revive UWBI, as a successor, vs OCC on the unlawful seizure of our bank...........we actually request standing and then revive or re-instate the appeal of judge amy's SJ.........easy............
...tingle, tootle.........same only crap....FCNCA goes up and we go nowhere.....aimho.............
TODAY's POOP CUTTER.....with cred........$20 per, action jackson...........................
dunno.......DB saying the DOJ/fdic settled with UBS on sonterra for $2-billies......????....(that was suggested in the S/A, but by a jury???)........
the math is accurate to the penny......$9 per from LIBOR and we have $11 per, total accumulated........
whatever.....I ain't even out of bed yet and I need a drink.....when is lent over, larry....???....I gave up poison for lent......aimho.......passover ain't until 4/22???......WTF.............
.......this is a deeply legalese case......lots of technical issues (it's the "sterling" LIBOR rate, etc)...............
.......the FDIC fought hard for the venue-friendly court......Baltimore hood........a really, really tough jury.......ghetto situation, imo........UBS would get, well, "lynched" in the Baltimore hood, imo..................
.......whatever.......the beauty of this case, is we get a HUGE chunk, via the receiver.....=......LOTTERY TICKET......WINNER.........and, and, UBS is f**king LOADED.............$414-billion in idle cash....................WTF.................
....let's ride it out..........very rare in life to have a CHANCE, with high odds of REALLY, REALLY cashing in big.........I'm a nobody from nowheresville, came from dirt and I am two mouse clicks away from over $100-million..............even $20--, or $30--million is in the mail............aimho..........tingle, tootle................
Fred
I'm just saying there are calculated risks one may take BUTTTTTTTTTTTTTTTTTTTTTT, but then comes the word CALCULATED and is it worth taking a chance on.
IF in fact is it 100's of billions in damages, the number are just to HIGH TO TAKE A CALCULATED RISK on imho......
The reason being is that it is ALL BUT IMPOSSIBLE to CALCULATE what 12 people in a jury box will do.
NOW FOR THE MOST PART Jurors tend to go against big CORP BULLIES and in BIGLY amounts of money and all know that INCLUDING UBS AND SONTERO, sort of hung before they even get into the court room.
MY WAG is this like yours THEY SETTLE, only question is when, but again calculated risk says they don't even wanna get close to depos or sitting on the stand.........
Let's hope we are correct, yet lets hope they make it a large settlement which again I feel they would to keep it away from an AVG JOE SIXPACK JURY and their possible decision or outcome
assuming both cross appeals are upheld, it is fascinating to observe the legal moves BOTH SIDES WILL MAKE....................
getting sued for ANTITRUST DAMAGES on worldwide debt instruments from 2005 to 2008.......by the FDIC............???...........and note in the Barclays settlement how the debt instruments are measured..............hundreds and hundreds of $$$$$$$$$billions..............SCARY BIG and the damages calculated are a function of the dollar amounts impacted by the criminal behavior...................BILLIONS.................lotsa billions, imo....................
key, imo..........UBS deep pockets and intelligence................they will settle, 100%.........but WHEN.....in the process....??.....as the jury convenes, or today, or there may even be a pre-appellate decision "pledge of support".....................a dollar amount and the legal rulings are preserved.................
again........WIN WIN, buffy........'cause we ain't getting wiped out and we have about $10 per, in the hopper, half earning nice interest.............
TWO MOUSE CLICKS, buff........nice position to be in.....NO WORRIES.......2 more years is fine with me, as well............aimho................
HEHEHE shake someone else's trailer, I don't owe a dime to anyone, but you KNOW that as well
UBS and SONTERO are on a very slippery slope, like a flat tin roof coated with olive oil
And really don't think they will take the chance pard it makes ZERO SENSE
NOBODY gonna sit on a witness stand at the HAGUE ""THE WORLD COURT""
you sayin' that before or after I shake your trailer for non-payment of rent, buffy.....?..........I have a few other legal 'techniques" I apply to bad debtors, buffy....not pretty...
and likewise, buffy, I wouldn't have guessed your 23andme would come back as a member of the washington football club........????.......a little soft for the rez, is my point............
onward and upward, buffy.....we shake down this Sergio P. Ermotti AH and move the F---K on in life, hopefully with a few....well, many millies.......
$$$$$$$$$$$$$$$$$$$$$$$$$$$$, buffy...................................
Would have never thought YOU WERE A TRAVELING MAN, your personality doesn't fit the mold.......
.....we found this in the LIBOR "archives" and believe that ultimately UBS will involve itself in something similar.................or not.........
https://www.justice.gov/d9/323179.pdf
......Our brotherhood welcomes men of all religions and backgrounds, which is why we refer to the “Architect of the Universe” in the sanctity of the lodge room. The letter G is meant to remind Freemasons that all our lives and actions are performed in the presence of God, The Grand Architect.......................
FYI re: my profile.........very cool...........and GO ORIOLES (wink wink).............
.
news re: UBS in ameriKKKa and there is a back-page story in today's WSJ about UBS growing in the USA......and how big and CASH RICH, UBS has become......
https://finance.yahoo.com/news/ubs-group-ubs-seeks-wealth-161900107.html
note to Mr. Sergio P. Ermotti......UBS IS SOON TO BE BANNED FROM AMERIKKKA FOR ANTITRUST VIOLATIONS...............GET OUT, sergio................
OUTRAGEOUS CRIMINAL BEHAVIOR...............cited in the sonterra v. barclays litigation wherein UBS is the lead DEFENDANT...............
NO SETTLEMENT...........WE ARE GETTING A JURY VERDICT FROM THE FEDERAL DISTRICT COURT IN BALTIMORE (city), MARYLAND.....USA ......
.....(we might listen to a settlement offer, sergio...............but start the conversation with the number TEN.....TEN.......TEN.......sergio.......TEN.......???..)......aimho.....
Fred
Your points in this point is the point I have been making by stating THIS WILL NOT GO TO TRIAL, they would be complete IDIOTS to risk being asked to leave or pay 5-10 bill or more if if if they lost.
MAKE NO SENSE and we will never get any to the witness stand imho
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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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