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WELL
The first problem is I NEVER SUGGESTED $2.50, LG and I have said now for yrs,$ 6.50 or better or it would have already been done and over with long ago
Get your facts straight and don't make up fairy tales like most liberals dooooooooooooo
....CLICK....CLICK...$10-million, stuffed into my cargo shorts......NET....any moment...
but, as stated, BIPOLE, there are other situations in which I would have lost my ass..................Ashford hotel package, which included the Ritz in Atlanta.......???......40-50% complete loss, bipole.............USB itself, down from $50 per to $39, after dropping to $28...............
no sense in looking at the WHAT-IFs, BIPOLE...............WHAT IF WE HAD TAKEN YOUR PANIC, limp-wristed SELL-OUT on UWBI.......for $2.50 per........EACH OF THREE DIFFERENT TIMES..................run those numbers, BIPOLE..................versus the $10.50+, checks in the mail....................onward, BIP..........
SO by your own admission NOW
""..I can't do enough of these.................million dollar cookie............""
You could then have used the money and not taken a hit on it
....BIPOLAR DISORDER and "best interest" don't mesh, bob................just sayin'.....................
.....re: UWBI............the bottom line = the bottom line..............agreed land has only gone up.....however, through some weird dynamic, BUILDING A LUXURY, water-associated house................................COSTS 50% of the ultimate sale price.................the luxury builders know this, but those boys want SCALE, and doing single custom home builds...........is not economical.................the small guy comes in and buys the water-view lot for $750K, erects a steel frame for $250K, does the build-out for $300K, the finish for $300K and $50K in contingencies...........$1.650mm..........(the house is 12-feet+ off the ground and has a steel frame which saves over $1,000 per month in hazard insurance - - $1K per month)...................
.............as the house gets near completion, we get multiple offers for $2.995mm...................and some bid beyond that..............AMAZING.......
...I can't do enough of these........a million dollar cookie, each one.......(seven on the board)..........BTW, up yours to you, BIPOLE BOB, and that NEWT AH........................little people.......gnats........
IFIN I didn't KNOW better , I would think you are a liberal
Since when liberals get called out or slapped down on facts , they just get louder and start calling names and throwing out the F bomb
As for investment since we started this CHIT, land has ONLY GONE UP AND HUGELY so YEPPERS I have lost out, BUT just like BIG in @ 4.59$ and out at 10.45 to 11$, MAN I sure got smacked on that one didn't I !!!!!!!!!
....ignore genius at your own PERIL, ms. NEWT..................I have missed out on numerous opportunities awaiting the PAYOUT on this POS.......I couldn't take a piece of a bank merger in Florida, several real estate deals, and a few choice stocks.........and who knows what else, because I stopped actively looking at deals knowing I couldn't EAT CANDY............so I STAY OUT OF THE CANDY STORE................
....btw, ms. NEWT, as the self-proclaimed EXPERT on RBS and LIBOR................nary a peep from the "expert"...............know-nothing EXPERT.....???......a NEWT................non-binary SALAMANDER....................perfect fit........................and even dumped by the wetback ladyboy former lovers.....with expired green cards, nonetheless........???....
..........disappear forever, please, ms. NEWT..........................tyia..................
ROTFLMFAO==== You have pointed out many times now that the delay in getting our $$$$$$$$, has saved you from making shity investments. I don't remember one time, when you have said you lost out on a good investment!!!!!!
Why in HELL should we listen to anything you say???????????
...................DREAM BIG........POSITIVITY ONLY.......longer chase = BIGGER CATCH....................
...I have a model portfolio "constructed" with about 20 stocks, = $6mm +/-..........................
....had I bought these stocks 3 weeks ago, as planned on day one after we CASH IN ON UWBI........
....I'd be DOWN over 14%................in under one month..........$840,000.......SAVED BY STRINGING OUT UWBI......
....point being......this time lag with UWBI..........BENEFITS US, tremendously.............no hurries and no worries.....
......whatever happens, re: the end-game on UWB/UWBI......will be determined by martin j. gruenberg, or his successor, or by JoJo Brooks, the chief in-house legal counsel at the FDIC and marty's sock puppet, imo..........????..........further, is there pressure from DC EMHOFF, via frankie.........????........to close out UWB/UWBI.....???....
....frankie's own people have communicated with me, personally, several times..........????.......I was advised to not contact FCNCA, or frankie, and to not make any unsubstantiated comments, public or private relative to FCNCA and United Western Bank.............or a cease and desist letter would be issued........????....(threatening to issue a C&D, legally, is a C&D, imo)...............
....point being.........lots of important people want UWB and UWBI removed from the Earth's surface, ASAP..............does marty.....????.....dunno........we'll find out soon.............
....first, we gotta burn off sonterra, which might make some decisions for us..............this nightmare could end, TODAY...............TODAY.............or linger, without a rudder, for years and years...............
....I say, we continue sonterra with a remand from the USCA/2..........we start the trial process and settle all of sonterra, about Sept/2024 for a modest amount ($50mm)............UWB Receiver terminates and the final payout to the UWBI shemales = right at $9 per..................aimho..............
Fed policy may be accomplishing the exact opposite of what it intends as richer Americans enjoy the spoils of higher rates. US consumers just revealed the Fed's backwards problem on rates.
Fed policy may be accomplishing the exact opposite of what it intends as richer Americans enjoy the spoils of higher rates.
Stock markets continue a slide down, with no support....................ARMAGEDDON in the USA economy..............
Perfect timing to have a HUGE PILE OF FRESH CASH...............as assets drop in price..............
.
HAS NOTHING TO DO WITH WHAT YOU OR I WANT, it is just reality, they will not take the chance of going in front of a JURY
....wishful thinking, BAMBI............but we are not SELLING OUT DIRT CHEAP for your 4th .........ATTEMPT....at failure.......only weak-kneed, wobbly WIMPS, quit, bambi...............
....no paper dolls and sock puppets, please, BAMBI...............BIG BOY HARDBALL, for however long it takes.........2 more years is in our "BEST INTEREST".....
....gotta fight for the BIG BUCKS, bambi..............we have the tools and the legal "path" and our "best interest" is to GO FOR THE MOST MONEY........
........I VOTE FIGHT TO THE END.....aimho........stay on etsy and pinterest, bambi.....if you do not have the BALLS to play MAJOR LEAGUE HARDBALL.....
Settles in June or July is my WAG
.....only one minor problem with my BIG MONEY/sonterra THEORY....................TIME FRAME.......ouch!!!!!!.............
.....assuming the cross appeals at the USCA/2 = send back for damages (actual, but no control over what could be supplicated).......and we proceed to a jury trial and add-in the request for PUNITIVE DAMAGES FOR ALL OF LIBOR......and the jury ultimately calculates $2-bills, or even $5-bills..................
.....APPEALS............and APPEALS...................and tons of ongoing and continued LEGAL SHENANIGANS............2++++ years.........or more............
....so, whatever...........with UWBI...........nightmare may never end...................at least we'll know the next step in a couple of days.........aimho................
Dude: I'm accruing $1,450, each and every day the EARTH spins on this POS...........so I feel obligated to post my daily thoughts, hereon.............and return the love to my cherished UWBI shemale cusip friends...........to wit, comes now........................
IF...IF....IF.....we assume (and DC EMHOFF, legal engineer) that sonterra/LIBOR is the last step to payouts on this POS.....................we project that the USCA/2 will uphold both cross appeals but possibly send sonterra back to the district court to determine specific damages on the sonterra trade.......?????........THIS COULD.......COULD......COULD.............legally trigger what we have been trying to do from day 1, with sonterra....................
We get to a jury trial.........and EXPAND..........EXPAND..........EXPAND...............the SUPPLICATION (perfect word, larry)................the appeals court judges realize we have a GENIUS LEGAL TRICK up our sleeves............we use a gnat-turd damages conviction, $38,000 and EXPAND the request for punitive damages on all of LIBOR.........hello...............hello...............hello................hello............
DOGGONE IT, I love this stuff................FIGHT ON, my comrades..........................BIG MONEY......................but we gotta fight and weasel for it......aimho......
.....AGREED, mr. savage, but I can't figure out the FDIC's scheme on Sonterra/LIBOR.................?????.........super flimsy weak case, imo...........a stretch...........
.....but, as the Deutsche Bank settlement agreement narrative points out...........this loophole case is the only one the FDIC can take to UBS, directly, for punitive damages on all of LIBOR.............the FDIC fought for 2 years and won the venue shopping challenge.........and made a big public splash with the Hague letter approval.............TROJAN HORSE.......????..........maybe, but the FDIC does not do fake muscle-ups in order to settle..............
.......the judge asked appellant's counsel 3 times for any reference or estimate of damages, for the F/X trades, and the attorney danced, nervously around that line of questioning...........????......in the special hearing 4/30/24.......with decisions pending????.....
....rinky-dink legal shenanigans, mr. savage............but great entertainment...................it's UWBI and guaranteed to be strange and never to end....
....BUT..........CLICK............CLICK.............and $10-millies fills my speedo.................aimho......
If it doesn’t settle soon and God forbid that should happen, I think there would be way too much exposure potential.
...my only weird thought about President Kamala Harris (who would take over Prez, if Joey wins and dies 82 days in, like FDR).......................????..............
......DC EMHOFF......??.....ever heard a him.....??........hello...????......engineered all of uwb/uwbi.....??..and wants it closed out for his homie, frank holding...
............follow my logic on President Harris....??.......if we assume (and DC) we ain't been paid by then...............
............hhhhmmmmmmmmmmmmmmmmmmmm......................not sure how to spin this............just want a BIG PILE on the cusip thing-eee......aimho.....
....BE PREPARED..............FOR THE BIG COLLAPSE OF THE USA ECONOMY and the STOCK MARKETS.............................
....gonna happen..........CHINA's stock market is down 50% from 3 years ago and the real estate market is in a depression.....Chinese gov't can only fake it for a while......
.....CORE INFLATION in amerikkka = 15%...................the FED is naive and trying to keep Grandpa Joe in the crows nest............
....WHATEVER.................ECONOMIC ARMAGEDDON is an opportunity for the savvy and smart.........and the cash rich....(like the UWBI sewer rats).....
............(yawn)...........(yawn)................listening for the beautiful music to my ears.............computer mouse CLICKS.........oh yea!!!!!!!!!........aimho......
.....MY WATCH WITH THIS POS.......the ghost of one martin j. gruenberg.......FDIC legend...
....this gent is/was in control of ALL....ALL......ALL.....large and serious bank/fdic problems and issues.......every detail.....
....with grueny leaving, under political pressure, dunno how he closes out the SERIOUS FDIC PROBLEMS, being processed....???.....like, UWBI.......
....and again, UWBI..........ALWAYS SOME WEIRD TWIST AND YEARS ADDED TO OUR CLOSURE......now grueny's canned.....????.....
....grueny could shut down UWBI and WaMu, do nothing, or stir up more related issues.......he's an ODDBALL and UNPREDICTABLE AS F**K.......
.....I think he will drop everything and walk away, with no last minute MANEUVERS, no input, no anything......????........and we sit and rot.....grueny definitely ain't gonna solve UWBI in our favor.......he's a mean-spirited AH....................
still T/B/D, bongwater spiller bob......."best interest".........1. note that the frankie/mommy concoction on buying the uwbi NOLs got us from $2.50 per, to almost $4 per...........given the FCNCA stock increase and the JPM add-back...............2. the jury is still out (ahem!!!) on the FDIC receiver payout/dividend..................
so, sonterra/LIBOR is the last piece of the UGLY UWBI puzzle.......there is a thread of legitimacy to the basic suit.........the assignment problem was resolved, and the claim that derivatives are, in fact securities also worked in our favor............the basic suit remains......DID THE CRIMINAL LIBOR ACTION create a "cloud of influence" over derivative debt instruments.......????.......kinda YES and kinda NOT REALLY.......
no worries and no hurries on any of this disaster.........FOCUS ON THE POSITIVE.....................
CLICK...........CLICK..........=..............$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$.................
..............................aimho.........................
we can still sue the F**K out of Mr. Gibson, if we end up with a nasty low-ball on UWBI.............and we file an interpleader suit to smoke out whether Guy passed on the FCNCA stock, bsed on a promise from martin j. gruenberg....................who also will be sued if we get stiffed in the end on the cusip payouts..............
Finally wakiing up to the legal aspect I have suggested all these years but was told THAT IS WATER UNDER THE BRIDGE, and NOW IT AINT
AINT THAT FUNNY
....good point, bullhorn bob, but I purposely have defended Mr. Gibson..............because I believe his "best interest" should pay off, for us.......IF.....IF....IF.....he had no control over the FCNCA stock pledge, re: the purchase proceeds from frankie for the NOL/tax credits................
....and BULL, we haven't seen the final payout AMOUNT...............further suspending criticism of Mr. Gibson...................AND.....AND, bull.......we can still sue the F**K out of Mr. Gibson, if we end up with a nasty low-ball on UWBI.............and we file an interpleader suit to smoke out whether Guy passed on the FCNCA stock, bsed on a promise from martin j. gruenberg....................who also will be sued if we get stiffed in the end on the cusip payouts..............
.....so BULL, unfortunately, this UWBI nightmare ain't over and the DRAMA plays on....................(which I kinda like, to be honest, BULL)...............
....but the end is near, I feel, one way or the other, bull.............and frankie's credit union will fail someday.......guaranteed...........AIMHO........
DO NOT FORGET GIBSON in your list as he WAS THE ONE TO BOTH FILE AND DROP the 5th taking case, which had merit
Frank B. Holding, Jr. should be in prison;
Martin J. Gruenberg is a fascist;
DC Emhoff was fully in control, and is in control of UWB/UWBI;
UBS should pay $5-billion in punitive damages for all of LIBOR, thru sonterra v. Barclays;
AIMHO
....sonterra/LIBOR ain't over yet, fellow fairies......DON'T BE COUNTING YOUR PAYOUT JUST YET........................
.....there is still a long, LEGAL RUNWAY, on sonterra...............I/M/O.............................
.....the case involves distant derivatives from the actual LIBOR/sterling index.......F(X) futures...??...and a $38K stated loss........
.....this is where the entire case gets DICEY......there were "damages" suffered as a result of the LIBOR loan index manipulation/conspiracy and ANTIRUST ACTION......FACTS.....FACTS....FACTS....
...then we apply the law..............GUILTY.............and an inner city jury assesses PUNITIVE DAMAGES FOR ALL OF LIBOR AGAINST UBS.......and any other perp banks added back....................THAT's WHERE WE ARE..................
............back on sonterra/LIBOR for BIG BUCKS..........???...........why not.................???............give 'em the middle fingers, larry............and then the opinion waiver.............................I can't give advice on the internet, without a disclaimer.....................up yours, no disclaimers.....................
waiting to see what type of INTEGRITY, if any, the FDIC has..............or shows us with the UWBI endgame........................
no predictions, except we should get CLIPPED, somehow, someway............?????......lowball or an ordinary dividend split out.......???....
marty j. gruenberg was the FACE and the personality of the FDIC for 20 years.......COLD, CALCULATING FASCIST, imo.......he might redeem himself, if UWBI turns out nice and FAT..............but I doubt it................mofos ARE POWERFUL when they want a "case" closed............we'll see.................
my prediction is the sonterra DECISIONS come in a week or two, and are shut down, shamefully..............$$$$$ of some amount hits our brokerage accounts a couple of days later................and then, a wobbly termination notice citing UWB Receiver termination, along with a slew of other stale receivers.......THE END...and I might see a couple of you i-HUB sinners in heaven, or purgatory, someday............hopefully, not the FOREVER FURNACE...........
won't be any drama...................imo..............................hoping for big money, like maybe BOXCARS, per, but I think we are locked in at $8.75 per, total............
.....NEW MANTRA.........L-A-F........LIFE AFTER FRANK...................................................
.....dunno.......take our money and forget we ever knew that AH...........????............OR........OR.....
....First Citizens Bank is a $250-BILLION MAJOR NATIONAL BANK AND COMMERCIAL LOAN MACHINE (via CIT)......(and has the SVB offal)............
.....my take is..........FCNCA is gonna CRASH........BIGTIME DISASTER, imo, as the USA economy drops, interest rates never go down.......and the FCNCA commercial loan portfolio is written down 20%+++.........which wipes out $12-15-billion in FCNCA Tier 1 capital and makes frankie's THRIFT.....INSOLVENT......
......whatever.............get us our UWBI money and we'll decide what to do with frankie, assuming he is not in the BUTNER PRISON, which, imo, is where he should be............aimho........................
...."related" case, my dearest LAR LAR, although the hearing judge on our sonterra/LIBOR cross appeals made reference to Judge Buchwald's rulings.......in numerous statements.............
.....the sonterra DECISIONS are due at any moment, LAR LAR and we can proceed with the TERMINATION of the UWB Receiver.......which sets in motion the FDIC payment and the final distribution to UWBI cusip holders............................30 days, LAR LAR......??????......or even sooner........
....the END IS DEFINITELY NEAR, lar lar.................dunno about the dollar amounts, but who cares as long as the nightmare ends.............
....STILL STUCK ON $8.75 per, with no details and no explanations.....................aimho.................
i]LIBOR SETTLEMENT? Thanks goes to BP Poster, Sometimes_Wrong
https://www.boardpost.net/forum/index.php?action=dlattach;attach=7613;image
4050
05/24/2024
ORDER granting (4046) Letter Motion for Conference re: (4046 in 1:11-md-
02262-NRB) LETTER MOTION for Conference addressed to Judge Naomi Reice Buchwald from Jeremy A. Lieberman dated May 23, 2024. in case
1:11-md-02262-NRB. Plaintiffs are granted leave to file the proposed motion for preliminary approval of the settlement without the necessity of a pre-motion conference. So ordered. (Signed by Judge Naomi Reice Buchwald on 5/24/2024) Filed In Associated Cases: 1:11-md-02262-NRB, 1:12-cv-
05723-NRB
ORDER granting (4046) Letter Motion for Conference re: (4046 in 1:11-md-
02262-NRB) LETTER MOTION for Conference addressed to Judge Naomi Reice Buchwald from Jeremy A. Lieberman dated May 23, 2024. in case
1:11-md-02262-NRB. Plaintiffs are granted leave to file the proposed motion for preliminary approval of the settlement without the necessity of a pre-motion conference. So ordered. (Signed by Judge Naomi Reice Buchwald on 5/24/2024) Filed In Associated Cases: 1:11-md-02262-NRB, 1:12-cv-
05723-NRB
Looks to be very good news!
…
....we are down the road, with this POS, burning off the "179" expenses................re: business vehicle over 6,000 pounds, vs. under which is a lesser deduction.........POINT BEING............the optimum business vehicle would be a $50K car.........????............over 6,000 pounds........don't wanna truck and so we are limited to the loaded Toyota 4-runner TRD+++++, and the Jeep Wrangler Unlimited.................not really liking either.............whatever..............could do a ROVER, but been down the rathole with ROVERS............whatever...........penny-ante nonsense..........
....NOW, ON TO THE REAL MONEY.......................8/$250,000 (10k shares at $25 per, avg.) preferred stock BLOCKS (all BBB+ - which is the highest rating)..............loading up on two banks that we are trying to merge...........$million++ a pop on each.............then the raw real estate issues............actual farm estate and 4 land stocks......2-beach view homesites..........and then the INVESTMENT GRID..................volatile stock portfolio..........with options' straddles.............long and short..................
...................OMG, this is fun.............................playing games with HUGE PILES OF MOO-MOO...................
.....gotta see the money.............but it's coming.........................WTF.......................WTF.........................
.
Hmmm, we've been waiting so long for this to be resolved, perhaps that clicking is simply your joints...
...OXYMORON.....=.....an apparent contradiction in terms.....SAVAGE SANDFLEA.....hello...emphasis on "moron"....
....btw, oxy, BIG MONEY and RICH FOLKS................always have tax problems.......it goes with the turf...............BRING me tax problems, oxy............tyia.......
.
I'll gladly paid my fair share of taxes on monies received...IF THEY ARE, that's always been the question, huh?
REF: we understand that the FDIC lops the dividend to the paying agent/trustee, which is considered a value-added to the common stock...........and the payout is a liquidation..........................long-term capital gain tax treatment.................no with-holding..............just like any other stock sold...........voluntary entry on the tax return..........Form 8949 and Schedule D...............
given self-employment status..............and quarterly estimated income tax deposits...................gotta pony up the estimates................
no worries on taxes, REF................assuming we don't get an ordinary "dividend" from the FDIC......whatever, REF.....
ROCK ON, ref................
.
Think they’ll take the taxes upfront or is this litigation taxable?
.........................(CLICK)..................(CLICK)...................................
dunno about you handsome gents, but I personally like being in this position.....right here, right now................
then $10mm pops into my brokerage accounts......(closer to 12, but I have a tax problem, which is a good problem - - 6 months to 'expense' bigboy toys at a 33% discount)...........
(CLICK)..........(CLICK)....................how F**KING cool is that.............????...................
.....what's weird about ENDGAMES involving the FDIC...........the final payouts are made, and the paper filings follow, or at least simultaneously, but the money is wired in seconds and the Receiver Termination filing, related litigation, if any and open accounts closing.........take a week, or two or longer...........but the money drives the train with these AHs......................and that's good for us...................
.....FDIC might wait for sonterra/LIBOR, but that could and should come at any moment and is dead, imo......sham claim, imo......dunno why Deutsche Bank painted this huge LIBOR case that was going to a jury and would put punitive damages on UBS for all of LIBOR.......????.......in theory, yes, but the case itself involved 2 F/X future trades, and the stated loss was $38,000 and had no direct connection to LIBOR/sterling, imo.....and the defense counsel agreed........the UBS counsel read a statement of disgust at the entire suit and repeated the request for complete dismissal.........?????...............embarrassing mess, imo...............
BOTTOM LINE...............checks from the paying agent, on the full liquidation of the UWBI cusips.......are "in the mail"................100% certainty.............100%.......might be another month or so, but no hurries and no worries.............
SLIGHT WORRY ON THE DOLLAR AMOUNT PAID FOR EACH CUSIP SHARE..............educated conjecture is $8.75 per..................(were a couple of missing dollar amounts on the FDIC recoveries statements - - RBS, for example showed $0......whatever)............onward, speer.............aimho..........
FRED MY BAD
I AM THE ONE THAT HAS IT BASS ACKWARDS not you !!!!! DUH
Me THINKS YA GOT BASS ACKWARDs, the OTS DOES NOT SEIZE a BANK the FDIC DOES, the OTS would say if a BANK SHOULD BE SEIZED and in turn the FDIC would or would not based of their take on the banks condition...........................ANDDDDDDDDDDDD in both cases the OTS SAID DO NOT SEIZE
.....I think you meant that the FDIC advised the OTS not to seize UWB...???...WaMu was an entirely different set of circumstances, although the OTS seized WaMu and shouldn't have, imo...........water under the bridge, bobbie......on both..........with UWB, there was a $149mm CRP submitted, by Goldman Sachs, 7 days before the SEIZURE................
...the cases are connected, somewhat, but the "theories" espoused on WaMu over on DB COOPER......are nonsensical, imo, bobbie.......I've never read ONE POST on COOP that comes close to the factual status of WaMu, or the residual legacy cusips (there are about 8, of the 30).........anyhoot, not interested in WaMu, as I have enough problems and watching UWBI is exhausting........................
....hopefully, bobbie, the end is near for UWBI, and WaMu, if so connected........BY MARTY...............MARTY COULD SAY F/U OUT OF SPITE BECAUSE HE GOT KICKED OUT OF THE FDIC..............and we linger for 2 more years...................?????......with this POS, anything is possible............
.....no worries and no hurries, bobbie...............bring the $8.75 per thunder, or wipe us out........as long as the disaster ends.............aimho.........
FRED
EVEN after all of these years MARTY doesn't want any prying eyes on WAMU/UWBK cases or any scrutiny brought forth on them.
The FDIC is being looked at pretty hard right now and the looking could open up BOTH 5th TAKING CASES, SOOOOOOOO he fixes both(always have said they will close at the same time) before he cuts out and he is hoping that takes care of it
REMEMBER IN BOTH CASES THE OTS TOLD THE FDIC NOT TO SEIZE THE BANKS
Yeah I got shares here, but I sure hope it’s for all the old banks in receivership. This is a twist. Here I am waiting on court cases to close and now I’m trying to figure out when the head man’s last day is…this is absolutely crazy.
Dude: no clue on timing.....IF....IF.....this nightmare DOES NOT close very soon, as a result of martin j. gruenberg's assistance, before he leaves the FDIC........then all of my theories are BOGUS, and every single one of my posts hereon have no cred..............and we might still get wiped out......................
point being..........the FDIC put together the REMUNERATION PLAN for the UWBI shareholders..................who were damaged by the "unnecessary" (marty's word) receivership assignment for United Western Bank......................whatever.....................
I believe that marty is/was embarrassed by the sonterra/LIBOR suit, which was the last UWB receiver clawback, and resulted in $0 dollars......or will, at any moment...............the payout, is the payout................
TWO MOUSE CLICKS, my fellow comrades..............the money hits our brokerage accounts and we move on in life......the end is definitely near.......aimho......
...........one payment from the paying agent/trustee......????......which means the FDIC is going with the 'value added' dividend category.......???.......LTCG tax treatment........liquidation and cancellation distribution.....?????.......................
....."a rose by any other name doth still smells as sweet"......................call it whatever..............just "remit" the F**KER..................
........looks like marty is going to clean out his desk before being escorted out of the FDIC offices.............????...............
....$8.75 per.................????..........not enough, but we'll take it................long strange trip with this POS...................aimho......................
dunno what happens to banker frankenstein....$1,799.30....+21.89.....(+1.23%)....(+0.95%) when those pesky UWBI trolls are paid off.........????......
FCNCA...............has gotta COLLAPSE, some day..........this dork is running a $230-billion THRIFT that is making hundreds of millions$$$ in loans, every month, via CIT..............they are posted daily.............all weird types of properties.................and basic ones as well........................
whatever...........if we ever get paid out...............IF.....IF...........doesn't matter what becomes of frank and hope...........
time will tell..........I'm tempted to short the F**K out of FCNCA (after we get paid)....................and I might, but with the share price so high, it is difficult to get leverage.............takes a few million$$$ to short the stock and then straddle it with options............and if it keeps going up........WIPE OUT trying to short FCNCA....???....
might be better to forget frankie and move on in life (with the uwbi payouts)............aimho..............btw, F**K frankie for causing all of our grief.......
.
.....AGREED, bobbie..........the FED and the FDIC are trying to buy time, but the situation is only getting worse and not better..............CHINA's economy is collapsing and the Chinese gov't is holding on, as long as possible.........................
.....definitely gonna be a collapse of the banking sector...............it's only a numbers game, aside from the politics and FED manipulations................
.................ME ME ME ME ME, bobbie..............and that requires the PAYOUT FROM THAT DENVER THRIFT STOCK...........????........
.....GREAT FUN at the ameriKKKan ZOO.....................WATCHING THE ANIMALS SQUIRM..........................accruing $1,450 each passing day.........aimho......
The 2008 crash was ONLY ABOUT HOUSING, this one is gonna be a HEART STOPPER for many banks as commercial loan values DWARF HOUSING LOAN VALUES
WHY DO YA THUNK MARTY IS """RUNNING FOR THE HILLS""""
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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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