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DC EMHOFF's WIFE WOULD MAKE A GREAT USA PRESIDENT...............................................
didn't this DC character assist in the REMUNERATION of that Denver THRIFT seizure SCANDAL....???......the same one that he may, or may not have ENGINEERED......???..........just asking, larry......I know DC and frank holding want UWB/UWBI to disappear ASAP........but, seriously...???.....
back to my $138,000 birkin HERMES handbag..............????.....................no worries and no hurries...........DC or BUST..............PRESIDENT KAMALA, or DONNIE.......
only comment is GOOD NEWS on sonterra/LIBOR = the case sent back to the federal district court in Baltimore for rectifications???.......that sounds like rectum, larry and might be in the same category..............financially...............or legally.........whatever.............
up yours to all.........flip 'em off, larry...........and then give the minions pinions............................
She is another rino
.....BANK'S DURATION MISMATCH, COMMERCIAL REAL ESTATE LOAN REPRICING (on falling asset values).....and PANDEMIC OVER-BOUNCEBACK......
....are combined with higher interest rates, overall, not-yet absorbed into the USA economy..............tsunamy + depression..........USA owes $34-TRILLION and has an annual deficit of nearly 2-trills................2 trills...................
.....geo-political instability...........hello..................WTF................WW-3, at a minimum.........................
............BE PREPARED........USA economy is going to collapse..........law of nature in the economic realm.......might be perfect timing on those worthless, wiped-out UWBI cusips.........
.......no worries from this vantage point.............up yours to all ..................
....DONNIE should pick Nikki Haley, which is how the party works and would benefit DONNIE the most............the consensus is Marco Rubio, another good choice and brings in Hispanics, which are 5 times the black vote (that donnie ain't gonna get, no matter, even with a black VP).................
...but DONNIE is DONNIE and the leak this morning was Gabbard.......????................Grandpa Joe is pathetic..............fighting to stay in the race is making matters worse................for anyone who replaces him...............JOEY should take control of the process and try to get KAMALA a ground-swell, which she will get..........
....HERE'S THE KICKER, bobbie...................KAMALA's hubby................oh yea!!!!!!!!!!!!!!!!!!!!!!................WE MIGHT CASH IN OVER THIS, bobbie...........remember that Denver THRIFT seizure scandal.....................????..................a couple of internet sociopaths BELIEVE THAT KAMALA's hubbub engineered the entire unlawful event.......and might do some leaking (ahem!!)...................DON'T SUNSHINE MY PHONE.........................DON'T SUNSHINE MY PHONE.......................
......follow my logic, bobbie......??..........watch how fast UWBI disappears from Earth if KAMALA gets traction.................... give 'em the opinion waiver, larry.....I ain't touching this monster...............................flip 'em off, too, larry......................
.
......actually I'm both FASCISNATED and FLABBERGASTED.........with sonterra.........that the UWBI sewer rats are in the middle and could cash in...ON THE BIGGEST OF ALL LIBOR SUITS...........and $9-BILLIOM has already been paid out...........WTF...........???........
.....the FDIC is full bore into trying the end-game on sonterra/LIBOR.....they venue-shopped for 2 years and fought a group of big-money law firms and never waivered.............even on the basic sonterra suit................16 defendant banks.........15 were released, which is our appeal in the cross appeals................
........can a trader on a security, that is interest-rate sensitive but not contractually-tied to a LIBOR-indexed-interest-rate.............SUE, under an ANTRITRUST claim.............for, call 'em calculated damages, at this point..............????................one issue in our fund, traded 2 F/X futures contracts, and lost $38,000, during the LIBOR-fixing window, 2005-2010................there were side issues, all resolved..............THIS IS OUR SUIT..............appealed...................
......and really, the orals were 4/30/24, so the time has not been that long..........but DECISIONS are due, or over-due, imo, because the case is simple.......
........to me, the law is, we can present the case to a jury, in Baltimore and move for punitive damages, for all of LIBOR........the law provides for that......UBS is NOT GOING TO GET OUT OF THIS MESS.....................imo...............might take 3 years, but we ain't backing down..................tingle, tootle, aimho...and FU.....
Fred
"" DONNIE is choosing Tulsi Gabbard??, for VP, which is a huge mistake, imo...... ""
I for one do NOT SEE THAT as it would be a HUGE MISTAKE and a good way for him to get bumped off so she could be a RINO PRES
Dude: FU and no worries connected to this POS.....I'm truly burnt out and have long moved on..............yes, I would like a BIG FAT PAYDAY......but I'm over this weird-as-f**k disaster...................and don't TRUST anyone associated with this freak show, including me and my aliases........................
off the record, were I chatting with my most trusted homie...............I say we have $150mm, almost, safely in the bank earning interest.......100%............beyond that, we have an informal promise from the FDIC that UWBI common stock shareholders will receive ALL of the Receiver's recoveries.....(the FDIC said all recoveries to date are publicly-disclosed, but I had to DIG AND DIG and pay someone who helps me dig..............$116mm..........with a few holes, such as RBS???.......and no mention of sonterra, which is ongoing litigation).................
that's all............$5.25 per.........PLUS, $3.80 per..............and possibly more........????...........$9.05 per, total............if the nightmare ends today, and it might......
upside is a big payday on sonterra............possible.............probably not more than $3 per (boxcars, baby)................onward, speer..........aimho.............
on the CROW'S NEST topic in ameriKKKa...........Biden's gonna quit, KAMALA is the pinko pink and DONNIE is choosing Tulsi Gabbard??, for VP, which is a huge mistake, imo......
Since most here have an avg under 1$, yes 16.41-20$ would be great
I personally started buying this in the 1.17 range but got the majority of my holdings in the .17-.20 range
No kidding. Me and my wife could pay off our debt and pay for our wedding. It'd be great if we get $20+!!!
....sonterra/LIBOR status and outcome......????.......dunno.......we re-read the Deutsche Bank Settlement Agreement narrative and listened to the special orals at the court on 4/30/24...............????..............not being able to see the judges nor the attorney's faces and body language make predictions even tougher..............
.......still very, very, very serious BIZ, imo..........at present, UBS is on the hook for punitive damages on all of LIBOR..............almost no way out with only the "attachment" of ANTITRUST VIOLATIONS..........UBS read their defense at the orals.....scripted, monotone DENIAL and claim of total absolution.....???........
...........should end soon................the deeply embedded legal issues cannot be discounted, even though the judge seemed like the case was a stretch.......???......
.....we're playing the game, with house money, and can only lose TIME....while we earn interest on the holdco proceeds...........and we are now getting deeper into year 2025..............so let's ride this horse a while longer...............and ENJOY THE SCENERY.......give 'em the opinion waiver and the middle fingers, larry......
...as for as RY sniffing at frankie's AH.............very doubtful.............one, we presented FCNCA to RY back when we thought we had the FCNCA stock, from the holdco sale.............two, RY ain't "touching" frankie now that FCNCA has CIT's commercial loan portfolio of about $85-billion in junk loans and growing daily........
......FDIC might want frankie to sell his body to another devil, or even unload CIT only, before the coming CRASH.............either or, F**K frankie and the BANK he rode in on..................forward, speer..............
Then for some of us 2 nightmares are over
......................(CLICK)......................(CLICK).......................................
......nightmare is over..........................................................................
.
..THE FED AIN'T CUTTING INTEREST RATES...........Jay Powell is pandering to grandpa joe..................
...........politics, as the USA economy DROPS into a DEEP RECESSION........long overdue to weed out the excesses and move on from the pandemic.....
.....if KAMALA becomes the USA President......and the DONNIE tax cuts are reversed in 2025, as scheduled.............GREAT DEPRESSION 2.0.................
....the UWBI SEWER RATS GET THEIR HUGE PILE OF DRY POWDER...........as ameriKKKa's asset classes get DIRT CHEAP....very cool.....aimho............
.
.....ok, ok, BAMBI.........if WaMu and UWB Receivers terminate and monies are paid out to the holdco legacies.............THEN YOU ARE A CHARISMATIC GENIUS.................
............HOW-----MOTHER------F**KING-------EVER, bambi.............gotta see your GUARANTEED $16.41 per (or higher)............LESS YOU FALL RIGHT BACK INTO THE DUMPSTER, bambi.................your rear end gets beaten, the $100K validated debt you have with me is re-instated with accrued interest...........ETC.....you might even get sued.....................???................hello, bambi...........
....point being, BAMBI..........all is well that ends well.........................
.............BRING THE THUNDER, bambi..........................aimho.......................
.
FRED
""ARE UWB AND WaMu RECEIVERS......connected.....and due to TERMINATE.....at any moment...........????.....""""""""
YES And I am very glad to see that reality has set into your head finally
"""What is causing the DELAY...........????...........dunno..........definitely behind the scenes, something....
JOE WANTS HIS CUT BEFORE HE SPLITS, why do ya THUNK he has not stepped out of the race yet???????? SERIOUSLY
no comment on Neal's position......relative to sonterra/LIBOR......he made public statements when we were venue shopping, and he was adamantly opposed......but Neal makes a living, sucking off of banks.............and hating on the FASCIST regulators.......................
on sonterra, we iz the FDIC....................noodling with the devil...................ALTRUISM......versus a money grab...........?????.............
anyhoot........we love playing the game and being in the spotlight............attention cravers...............(up yours, larry, you double-crossed us, remember......had everything under control and then your close friend, johnny bowman, STOLE US..............for frankie..........and you.........onward)..........aimho.........
gotta see money, someday, on this worthless, wiped-out POS.....................makes my blood boil...................aimho.........SCREWBALL peanut butter whiskey.......???....pass....but I will take a few hits off of that hash weed vape cartridge..................
.
ARE UWB AND WaMu RECEIVERS......connected.....and due to TERMINATE.....at any moment...........????...................
I BELIEVE SO.........and because both are included in the JPM MASTER AGREEMENT, between JPM and the FDIC.....and this AGREEMENT has been court-ordered to, essentially "CONCLUDE"................FACT..........
the only outstanding business/legal matter on either UWB or WaMu is this nagging sonterra/LIBOR.....which is overdue for DECISIONS from the USCA/2......what is causing the DELAY...........????...........dunno..........definitely behind the scenes, something............DANGEROUS (for either side) TO BE DOING ANYTHING WHEN DECISIONS ON THE CROSS APPEALS ARE MOMENTS AWAY........................
the legalities on the sonterra/LIBOR case are SUPER, SUPER deep................imo................both POWERFUL and frivolous, which is very weird........could go either way............THE LAW FAVORS US, imo......................USCA/2 cannot rule against us and also cannot determine damages - - that has to go back to the district court and a trial is required - - - - and a PUNITIVE DAMAGES request can be added...........THIS IS OUR CASE.......WTF.........USCA/2 is dropping the ball, imo......
no worries and no hurries................a.m. decaf and donettes...............p.m. cheery gin bombs and sirloin strip aperitif slices..............tingle, tootle, aimho........
......Sergio P. Ermotti IS WORRIED....UWBI FEMDOMS AIN'T....not one iota............
.......sonterra/LIBOR v. barclays is a freakshow legal case.......BUT SO WHAT..........WIN OR LOSE, WE WIN..............(only loss would be a remand, and another year of legal shenanigans and then we lose or the case is dropped...........and we get ZIP outta sonterra.......BIG DEAL.......we are accruing 5.40% on our holdco holdings, which just about equals $150mm.......nice...........let's accrue for a while)...........aimho............
...btw, SERGIO is cooked, imo..........the court is hesitating affirming the enemy's appeal and we might lose, our appeal, which is only adding back the co-perp banks.......(we believe that a few are being added back, which is what is causing the delay.........................)..............
........WINNING........BIG MONEY.......MAJOR LEAGUES.............let's do this.....................
then this.....either FRANKIE or DC are dry-humping that new FDIC director.............go figure..............
FCNCA.......$1,725.45..........+39.53................(+2.34%)...............
whatever happened to those cusip stock rats who had their BANK unlawfully seized...????......
then the perp's THRIFT takes off like a rocket.........now a $250-billion bank..........UWBI......???....wiped out......
fill the BLOW bottle, larry........................aimho......................
.....CORE INFLATION = 15%.......THE FED IS F/O/S.........RAISE RATES........HIGH........
.....WTF is wrong with these idiots....???.....JAY POWELL.....???.......flat-headed, naive DORK..................
....whatever......let the rats play with themselves................judgement day is coming soon...............
.....NOT GETTING THE UWBI MONEY......is a GOD SEND.......seriously........ARMAGEDDON......then we get piles of dry powder..........
....we got DONNIE back in the crow's nest, but DANGER is on the horizon (remember, the pandemic hurt donnie....grandpa was soothing...in a close race)......
...............no worries and no hurries..........WE GOT THIS.....perfect timing as the tide turns............in larry's opinion.....fred ain't got cred............
....each passing day WITHOUT decisions on sonterra/LIBOR from the USCA/2......INCREASES THE SEVERITY......in whatever manner........but the appeals are not being upheld, imo..........do not appear to be getting reversed.........SIMPLY JUDICIAL INTERRPRETATION OF THE APPLICABLE LAWS......."inclusion"......and legal "association"................and other related applications.........UNDER THE PROVEN ANTITRUST UMBRELLA......................
....and what is very COOL about the USCA/2 CONFLAGRATION........sonterra ain't going to the SCOTUS.........the TRAIN STOPS HERE.........there ain't nothing constitutional about LIBOR and the court has stated, on record....."no more libor"................................ANTITRUST..........
....no worries...........USCA/2 says "FU, GET OUT"..............(yawn)..........(yawn)..................(hash vape cartridge tokes)................(another toke)...........etc.......
........gotta watch the DONNIE DRAMA................UN----mother------F**K----ing-----believable........the presidential process and candidates in ameriKKKa......????....too weird.......whatever..........get high, have sex and play with your toys.....our motto.............aimho................
Dude: Martin J. Gruenberg leaving the FDIC, under pressure, is the BIGGEST EVENT IN BANKING since the financial crisis.....................
....and gruenie getting forced out, as the NEW FINANCIAL CRISIS IN BANKING BEGINS.............is huge, imo...........400 banks are still AT RISK TO FAIL, according to the FEDERAL RESERVE analysts.......IF duration risk continues on the banks balance sheets deteriorates.........and commercial real estate continues to spiral down............................
....F**K martin gruenberg and F**K the FDIC........the USA economy WILL RESET.......call it a recession..........LONG OVERDUE and the timing was warped due to COVID......donnie is walking into a DISASTER, imo.........on the USA economy and commercial banks......whatever............
....and the biggest bank I target to fail..........FIRST CITIZENS BANK...........heard a dem?????................TIMBER................100% failure predicted, imo......
...onward................awaiting the payoff on that worthless, wiped-out denver bank stock...........?????...................aimho...............
.....he was the HUD Secretary under DONNIE #1..........not political and is 72...............but still a good choice..................
.....my interest, BERYL BOB, is getting money into the pockets of the UWBI odor ants???................levering DC EMHOFF, via KAMALA, is our only hope......and really frankie's............FRANKIE WANTS UWBI TO CLOSE OUT AS MUCH AS WE DO, or MORE, Beryl.......trust me on that..............
....no worries, BERYL...................the last step on UWBI payouts is the sonterra/LIBOR LOTTERY TICKET................looking like a secretive, low-ball, settlement.....???..........very, very, very WEIRD.................UBS doesn't want to pay PUNITIVE DAMAGES FOR ALL OF LIBOR..............but the FDIC has UBS trapped, BIGTIME....................and the UWBI vermin could cash in, HUGELY..........we'll know shortly, imo, BERYL.................
..............BRING THE THUNDER, beryl....................and try to avoid making BAD DECISIONS, beryl......................aimho.................
....DONNIE's PICK FOR VP...................????....................no clue......................
.....odds are Marco Rubio, J. D. Vance, Tim Scott, or "other"............Vance would lock in Ohio, but Rubio has national name recognition.......donnie could go rogue with one of the chicks, but definitely will not..............Tim Scott covers a BIG BASE, but really that ain't gonna bring in any votes on the swing states.....???....
...I would choose Nikki Haley..........even though donnie is mad at her.............if I was a gambler, I would take Marco Rubio.......best "bet"............
.....now, WE GOTTA KEEP GRANDPA JOEY ON THE BALLOT..........???..........never......soros said "get him off"...........watch.......aimho....
...
ARMAGEDDON is a POZZIE........................seriously.............................
definite delay in the USCA/2 on the sonterra/LIBOR cross appeals.........on purpose......???......
very rare for a federal appeals court to voluntarily DELAY DECISIONS......but a LIBOR/antitrust case might be an exception.....
reverse both appeals, or one, or remand, or throw out the entire frivolous case.....????.......(yawn).......(yawn)......(what's for aperitifs, later???..dat be my only question for the day.....F**K UWBI....).......
no hurries and no worries...............btw, ARMAGEDDON = $9.25 per, total, paid out within 20 days...........
and DC EMHOFF was diagnosed as having COVID, yesterday.......remember DC in your prayers.................aimho...............
......imo, BIDEN IS OUT.....pinko party power brokers told grandpa, if he voluntarily steps out of the race, he can choose his replacement, which is KAMALA.......who could put up a better fight against donnie, than joey...............the electoral vote count is wobbly, imo............donnie's still got 294, rock solid.........
....back to the POS........wethinks.....wespeculate.....all of LIBOR might be settling............pre----sonterra decisions.......the "standard" payout on BIG BOY ANTITRUST is $800mm..........in a settlement and, as always the LEGAL RATS get one-third+/-..........(Neal "supports" the defendant class, and I do not know what his deal is, with a settlement.............)..........................
....dunno if LIBOR/sonterra and all of LIBOR CLOSING DOWN.........is connected to the USA political situation......correlation is not causation..............
.....show us the MONEY, however any of these FREAK SHOWS play out.....CLICK....CLICK....and FU to all...with special mention to frank holding......aimho......
BIDEN wants his CUT of all of these payouts FOR THE BIG GUY and is exactly why he is NOT STEPPING OUT of the race, he will have no PULL or power after NOV 5th
SO imho libor settles prior to that date
......are you thinking, what I'm thinking, BILLBOARD BOB..................????.......................
.....which candidate puts the most money into the cargo shorts of those UWBI dumpster divers, BILL......????.......
.......not a pretty site, if donnie fumbles and stumbles, BILL......but, the DC problem might expedite the closure of UWB/UWBI.......???.....
......BRING THE THUNDER, BILL...................aimho.......................
ON HER KNEES KAMALA doesn't stand a chance
..........................DONNIE versus KAMALA..........................
...a little scary, but WHAT'S IN IT FOR ME/US...............????.......................
....we believe we have DIRT on well, the possible FIRST GENTLEMAN, DC EMHOFF.....former business partner with FRANK HOLDING, Jr.....???....
......(careful on this larry)......the allegation, however factual, is DC was the managing partner at the law firm that might have promised a job to the OTS Chairman, in the event a specified Denver THRIFT was absorbed by a hand-picked buyer......FRANK BANK.....hello....????.......hello........???......
....could be polluted water under the bridge, and donnie might beat kamala............and, the uwbi sewer rats might be long REMUNERATED prior to 11.5.24, also the day that WEED BECOMES LEGAL IN FLORIDA.......................etc............aimho............go donnie and bring home the money for the uwbi vermin, asap......
.....sonterra "resolution" of $800mm........????........nets the rats $3...p/s....
........5 + 4 + 3...........?????.........consult math pro BEDWETTER BOB for summation.....on dat.......boxcars, per.....????........
....now, solve the donnie v. kamala problem looming...............WTF............???.......and she could win........OMG.......
....didn't the incumbent FIRST GENTLEMAN engineer that Denver THRIFT scandal.........???...........give the opinion waiver, larry........and the middle fingers.....
....CLARIFICATION BEDWETTER BOB..............I overheard a mole suggest that UBS "outlined" a resolution on sonterra/LIBOR.......but wanted lotsa stuff in return for CASH......including DOJ absolution? (is that a word, larry?).............and you were the grade school math major, BEDWETTER.......................$10.50 plus $10.............. equals $20.50 PERRRRRRRR...........
....anyhoot, BEDWETTER..........guilty on the $20.50 per......................no guarantee............no cred..............ok, some cred................aimho.......and you seem to forget my chant, added along with the $20.50 per hint, BEDWETTER........GO REDSKINS........!!!!!............hello.....................
YOU PROMISED $21 the other day so WE ARE HOLDING YOU TO IT
...are you admitting to a man crush on martin j. gruenberg, LAR LAR............???.......might be time to fire your investment adviser, Bedwetter BOB........guaranteed us nobodies $16.41 per, on the worthless cusips..............and.................nothing..................???.............dude probably even experiments with marijuana..........
....no worries on the wiped out cusips, LAR LAR..................seriously........rock solid, crystal clear STATUS........with the last piece of the puzzle coming from the sonterra/LIBOR suit.......???.......probably some legal drama, another 9-12 months, and a settlement in the $800mm - $1billie range............and, LAR LAR, wil's (one l) wife is not that hot..................wink wink............aimho............
Hey Fred, are you ever going to get us some credible intel? Surely with all those high-level Miscreants you know they could tell us something even if it is negative.
LOS ANGELES (AP) — The damages a federal jury has ordered the NFL to pay for violating antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service is $4,707,259,944.64....................
Since damages can be tripled under federal antitrust laws, the NFL could end up being liable for $14,121,779,833.92.
Damages would be spread equally among the 32 teams, meaning each team could owe $441.3 million.
.......LIBOR.....same category.......memo to Sergio P. Ermotti......dude....................aimho................
.
....one other MAJOR DISCUSSION POINT....Martin J. Gruenberg is gone from the FDIC........THIS IS BIG......really BIG.......................
....I know the major players at the FDIC are jumping up and down.............and we hope the vibes at the FDIC are no longer HATEFUL, and NEGATIVE and ACCUSATORY.................FASCIST REGULATORS...........
...as for what happens to FAILED BANK RECEIVERS and litigation and C & D's.................IN PROGRESS........???...........no clue.......
...but could the FDIC get lovable and warm and fuzzy.........???....which it has never been during my 40 years of aggressive banking in the USA......
.........UWB RECEIVER...........UWBI cusips..........WaMu............Hancock-Witney (FNBC)......FRANK HOLDING SAVINGS AND LOAN.....etc.......aimho.....
...sonterra/LIBOR remains a HUGE, HUGE, HUGE LEGAL ACTION.....if it continues and it will, imo......................
...POINT BEING..........a successful jury-driven PUNITIVE DAMAGES AWARD AGAINST UBS FOR ALL OF LIBOR......WILL BE A WORLDWIDE NEWS EVENT........our suit will rekindle the LIBOR CRIMES and be front page NEWS...............IF....IF................
.....LIBOR is 12+ years old and $9-billion++ has been paid out by numerous perps......the big boys in the USA have paid repeatedly.....JPM....BAC.....
....only 3 cases are left.....our 2 cross appeals and the Bernie Madoff Trustee case.....which I believe quietly enjoined ours..........meaning the trustee could get an "attached" decision..............(with or without consequence, but F**K the other case)............
....ENDGAME on sonterra..............????...........dunno and truly don't GAD, except to end our nightmare, but we might cash in BIGTIME, so let it play out.......
.............WINNING..........give yourself a chance to win big...........few opportunities in life to rake in millions???.......we'll see soon.....aimho.......(F**K FRANK HOLDING, Jr.)..........
....to LAR LAR and related/fellow FAIRYDUSTERS........dunno nuttin'............I simply conduit any morsel of conversation billowing from the elevations of 80202.......and 80304.........probably legal wrangling in a USCA/2 sidebar....................that was the scoop.............CRED IS CRED........FRED IS FRED (polar opposite??)......
....follow the math, ladies...............$20 per, would assume $2-billies from sonterra (without a legal bite???).............$1.6B, with a legal bite would net the uwbi folks $240mm off of sonterra.............$8 per, plus the holdco $5 per, plus the $4 per in recoveries to date......$17 per.........banjo bob money...........etc..............
....FACTS AT PRESENT ON THIS POS....................USCA/2 UPHOLDS BOTH APPEALS (with regret, etc. but F**K 'em)..................and sonterra goes after UBS in the Baltimore federal district court......................THAT IS REALITY, my fictional fairies......................another year or two before UBS caves and settles........
....you losers have $9 per, in your fake Michael Kors purses..........with a lottery ticket betting on spoon f**king UBS outta $2-billies (and a jury verdict on punitive damages does not suck off the 33% legal contingency).......................$20 per..................in a year.............aimho...............
We have seen the “cred” before..
Fred, you said the following.
fredscott36 Free 8:21 AM
Post #59,675
........$20 PER...........checks in the mail...............cred........................
++++++++++++++++++++++++++
The real question is, is the CREDIBILITY PIECE REALLY CREDIBLE or hopeful, wishing, and/or fodder?
...
I just hope he isn’t afflicted with premature speculation…
HOPE THIS IS CORRECT FRED
..$20 PER...........checks in the mail...............cred...........
........$20 PER...........checks in the mail...............cred........................
......whatever.........assumes (and "DC," husband of USA PRESIDENT HARRIS)....$2-billies on the sonterra/LiBOR "resolution".....??.......
....BRING IT..........or keep fighting.......................aimho.............
.....HAPPY CONFEDERATE DAY JANUARY 6........................
.....also, JPM gave the UWB Receiver $80mm, the same week United Western Bank dropped its suit against the OCC, for unlawfully seizing the bank............
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UNITED WESTERN BANKCORP INC. (UWBK)
Shares Outstanding: 29.26
PR FROM FEBRUARY 2011 ANNOUNCING COMPLAINT AGAINST THE OTS (OFFICE OF THRIFT SUPERVISION):
DENVER--(BUSINESS WIRE)-- United Western Bancorp, Inc. (the "Company"), a Denver-based holding company whose principal subsidiary was formerly United Western Bank® (the "Bank), today announced that on February 18, 2011, the Company filed a Complaint in the United States District Court for the District of Columbia against the Office of Thrift Supervision (the "OTS"), the Acting Director of the OTS (the "Acting Director") and the Federal Deposit Insurance Corporation (the "FDIC").
On January 21, 2011, the Acting of the OTS, in cooperation with the FDIC, seized the Bank and appointed the FDIC receiver based on three alleged grounds: (i) the Bank was undercapitalized and failed to submit an acceptable capital restoration plan ("CRP") within the time prescribed by statute; (ii) the Bank was likely to be unable to pay its obligations or meet its depositors' demands in the normal course of business; and, (iii) the Bank was in an unsafe or unsound condition to transact business. The Company alleges in the Complaint that none of these grounds existed at the time of the seizure.
A. Gibson, Chairman of the Board of the Company said, "The seizure order issued on January 21, 2011 by the OTS, appointing the FDIC as receiver, is arbitrary and capricious and lacked any rational basis in applicable law."
The Company's Complaint refutes the allegations made by the FDIC and the OTS, and importantly, among other facts cites:
The Acting Director of the OTS, without any reasonable basis, concluded the Bank had failed to submit a CRP acceptable to the OTS. However, despite the statutory requirement that institutions be given a reasonable time to submit a CRP, the OTS demanded that the Bank submit a CRP within seven days, a clearly unreasonable request in excess of its statutory authority.
The Bank's capital position provided no basis to accelerate the standard 45 day time frame for filing a CRP. On December 3, 2010, the OTS directed the Bank to take a capital write-down with the intent of lowering the Bank's capital ratio as much as necessary in order to create the illusion that the Bank was not adequately capitalized. The result of this arbitrary and capricious directive was to lower the Bank's total risk-based capital ratio to 7.8 percent (which is only 0.2 percent below the 8.0 percent ratio required to be considered adequately capitalized). But for the OTS's arbitrary and capricious directive, the Bank would have remained within the technical definition of adequately capitalized and not been subject to the requirement that it submit a CRP.
The Company believes that the seizure of a Bank with a reported total risk-based capital ratio of 7.8 percent and a pending recapitalization is unprecedented. If the standard applied by the OTS to United Western Bank was uniformly applied to banks across the country, a significant number of those banks would be subject to immediate seizure. The majority of the institutions closed by the OTS in 2009 and 2010 were critically undercapitalized, meaning that the ratio of tangible equity to total assets was less than 2 percent. A number of these institutions were insolvent; for example, one of these institutions had a core capital ratio of negative 7.11 percent and a total risk-based capital ratio of negative 7.36 percent.
The Company's research suggests the OTS has not accepted any CRP submitted to it during this financial crisis. Instead, the OTS appears to reject CRPs as a matter of course, regardless of merit, and then asserts that the failure to submit an acceptable CRP is grounds for receivership. The rejection of the Bank's CRP was part of this unreasonable pattern by the OTS.
No grounds existed for the Acting Director to reasonably conclude that United Western was likely to be unable to pay its obligations or meet its depositors' demands in the normal course of business. The liquidity concerns asserted by the OTS and FDIC were based on their unfounded disapproval of the Bank's 17 year-old business model and a fundamental misunderstanding of the Bank's long-term, contractual relationships with certain of its institutional depositors. There was no rational basis for the OTS or FDIC to conclude that the Bank would not continue to effectively manage its institutional depositor relationships as the Bank had for almost two decades, including through the worst of the financial crisis in 2008 and going forward. The institutional depositors would have maintained funds on deposit absent an arbitrary or capricious action by the OTS or FDIC to force withdrawal of such funds. The Bank repeatedly, most recently as of January 20, 2011, advised the OTS that this was the case. The Bank had ample liquidity to pay its obligations and meet depositor demands.
The Bank had over $400 million of cash at the time of the seizure, which represented approximately 25% of total deposits on January 21, 2011.
The Company and the Bank were very close to completing a recapitalization transaction of $200 million, with commitments in place of $149.5 million and parties identified to complete the transaction at the time of the seizure of the Bank by the FDIC. The completion of this transaction would have eliminated the need to seize the Bank, thereby avoiding a significant loss to the Deposit Insurance Fund. This information was provided to the OTS on January 20, 2011.
The Company is represented in this law suit by its internal counsel and certain inside directors of the Company and certain former inside directors of the Bank are represented by BuckleySandler, LLP of Washington, D.C. and certain independent directors of the Company and certain former independent directors of the Bank are represented by the Washington office of Paul, Hastings, Janofsky &Walker LLP.
I am not sure you understand, don't confuse the moneys that belong to the Bank (the ITR and JPM moneys due) even if the Government did not take the Bank, those moneys are the banks.
The government is liable because they took the Bank, our asset, our constitutional rights, under color of law and tired to defraud all of the shareholders as well as the employees the credititors and others. took assets held in the Banks Name and deprived all of us including the community. They Tarnished the management and the Banks Business reputation. I ask you what is it worth? An Unconstitutional move by government thugs.
And now they don't want us or any body to talk about the cover up
Jim Peoples, former CEO, left, and Guy Gibson, former chairman, are challenging bank's takeover.
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