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This is a copy and paste from TD Ameritrade;
REMOVAL OF WORTHLESS SECURITIES (9393ESC84)
Just so everyone knows, Those are pref.Ks, they are deemed to be valued at zero, NOT $BILLIONS$.
Here's the scoop on the escrows, hope all are ready for it.
https://docs.google.com/spreadsheets/d/1pwCKc7u2dfGuduf29OuF9u1Jag44gUl-q3ycCZgwz3w/preview/sheet?gid=0
After a few years away from this board, it seems everything is stuck in limbo as far as the escrows are concerned. Nothing has changed on that front, and nobody has offered a convincing reason why the escrows have not been paid. I'll come back in a few more years and maybe by then, someone will have figured out the answer.
So, when do the escrows pay off?
My professionals say the they have already gotten their money long ago, and laughed all the way to the bank.
Well, nothing that has come from that source has ever been right, Nothing.
They are not spending big money, it's all standard lawyer business, and you have again shown how much you don't know.
Or............ you are very much misunderstanding what's going on. That's much more likely imo.
The place to see the proof was given in my previous post.
Nothing is being hidden, read COOPs SEC filings, it's all up front and out in the open, no blocks from the past, and no money left from the BK for escrows.
Coop was free and clear from any bk restrictions from the get go, we all know that. Next!
Think of it this way, what good would knowing inside info get you? you can't buy escrows retroactively, and COOP stock is going to go way up someday, that's known by many. If there were someone who knows something, there would be no reason at all not to divulge it. In this case, the old adage, " the absence of evidence IS evidence of absence".
There is no significance to that information because all of the assets of WMI, WMB, and ALL of the subs were identified and accounted for. As of now, we have zero sources for any money returning to escrows.
The S in the GSA, stands for SETTLEMENT. That in itself means that all issues are in fact settled.
The GSA settled things, it's over.
That's where you are wrong, WMB assets were never in question, that's why JPM took the bank off the hands of the feds. I might add, there has NEVER been a challenge to JPM's ownership of the former wamu bank, nor any thing that it encompassed ,, NEVER.
No, it doesn't make sense, and as for who owned what assets, those were questions about WMI, WMB was the bank and it's assets and subs were well established, that's why JPM wanted it, it was a bargain, they knew it. And they have paid the full payment consisting of $1.88 Billion, plus another $50 Million. That is all they will ever pay, it's a closed purchase. All of that info is included in public filings. You can read them for yourselves. Or you can continue listening to other non official sources, it's up to you.
Saying that JPM has only made a partial payment for the Bank makes no sense, why would there be a delay in the final payment, by what kind of financing would that be? There has never been a purchase made in history with those kind of financing terms, you are simply hoping, wishing for some means of a bonanza and there isn't one.
Hey RD, forget that, that's chicken feed, the real money was passed tonight by the congress giving $Billions, and I'm sure that seeing how bad shareholders in WAMU were treated, many, many of those $Billion will be set aside for escrows holders. WHEEEEEEEEEEEE, our ship has finally come in!!!
No wait, my Professionals say not so. Sorry.
Hey, the WMB was seized and sold lock, stock and barrel to JPMC, many years ago, they have been reporting that on their books for many years, they paid for it in CASH. So why don't you know that? That's WAMU history 101.
Try to keep up bob, it's all been publicly documented.
This bank; https://en.wikipedia.org/wiki/Washington_Federal
Has NOTHING to do with coop, or escrows, or wmi or wmih or the former wamu. it's another rabbit hole among all other rabbit holes.
Are you sure you want the stock up to that price? If it does, I make over $100,000.
It didn't come from the LT, because the LT of course has NOTHING to do with the assets put in safe harbor by the BK court.
That has already been answered, the bk remote assets were identified and they were put there to protect the INVESTORS, who had bought them, not he holders of securities such as equity, or escrows.
Hope all are focusing on COOP's drop in price to take ever increasing bites as it dropped. Or, you could have been wasting time entertaining the false evidence of escrow riches being presented by those who really haven't got a clue. I'm set to make a REAL bonanza in COOP soon!!!!
I don't know of anything that was stolen, but if you are missing an apple or two, or maybe an orange, you shouldn't worry about it, the perpetrator may have needed it more than you.
Please explain the correlation of your question with your point, meaning, the correlation of apples to oranges.
No, because it's not full of money from stocks. I have all of my stocks in brokerage accounts. And the gov. has no rights to any of that as long as I pay the taxes owed. You are attempting to equate apples to oranges,,, again.
Buying stocks are much like gambling, in fact that is what you do when you buy a stock. So, no I do not agree that shareholders are owed money.
As you say,"can't go into details", well that's because there are no details to go into. In order to get payments, there needs to be a source to fund those payments. As of this date, no one, not a single soul, has shown any such source. That is why you can't go into details.
"... the WMI, now WMIH-Corp., trading as symbol “COOP” DD I present is all verifiable ... I simply figure there is a segment of responsibility to each investor to carry their own level of information forward ... "
That above little DD is in error, WMI is NOT now COOP.
You should keep up with the FACT that there is NO MONEY for escrows. It's over for them, and that information is out there in the public forum,,,,,,,,,,, KEEP UP.
I can't help anyone who wasn't here from the beginning, and who only knows what he has read on IMBs. All you have to do is read the SEC filings of JPM from the time that they bought the "SERVICEING RIGHTS TO ALL OF THE WMB SECURITIS.This purchase was made by JPM from FDIC. it is all very well documented in PUBLIC filings. Go read them. The "titles" that you refer to must be the titles to the real estate that were used as collateral to secure loans. Those titles are in the hands of the borrowers who have paid off the loans. Or they are in the hands of the purchasers of the MBS that were packaged and sold to investors, many years ago.
Nope, not comparable at all. IF you buy a house, and it is financed, you STILL are the legal owner of that house while you are paying off the mortgage holder. You have a copy of the contract spelling out the terms of your payments etc., but you STILL are the owner even before you pay it off. JPM, has no such contract, if they did, it would have to be reported publicly every qtr. Guess what, it's not there. The reason JPM isn't reporting a purchase contract, is because the purchase was completed and CLOSED many years ago. THEY OWN the former WAMU bank known as WMB. It's been theirs for years. You didn't really nail it.
My Professionals said COOP is the fair and reasonable that was agreed to by the equity committee and by timely releases signed. They also said there is no interest in COOP by the administration.
All assets that remained after the WMIH spin off were sold and the creditors paid. Nothing is remaining for equity, as has been shown in many filings. It's over for equity, except for what you already got, that being shares in WMIH. That happened about eight years ago, remember? The escrow markers are still worthless.