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Yes John, AZ did say buy at 5. I recall that.
Did I listen? No. Duh! I wonder if I called COOP and told them I meant to buy it at 5 if they would consider giving me shares at that price. Worth a try.
LOL. Man do I hate hindsight!
Wwhatthe. Thanks. I believe all retail investors were required to submit a W9.
If our payout goes into an IRA then we need to request that the 28% withheld be returned to us. Good luck with that!
Also, if this is argued as a settlement untaxable, then we also need to do battle with the IRS.
I hear many schools of thought on that! The IRS are crooks and will milk every penny they can. 87,000 new agents need to justify their jobs.
Correct on the W8.
I was just referring to US releasers, which make up 95%.
As for releasers......they received the first distribution. Non releasers did not. And so it goes.
Prove me wrong.
wwhatthe. Sorry but I disagree.
I respect your opinions but I believe you are wrong this time. Those who did not release also did not submit a W9. That is a necessary element to payment. How could distributions be made to those who did not submit a W9? No way. And Walrath made the release a necessary endeavor to any payments.
So while I think it is the morally right thing to do to pay all shareholders, it just cannot happen. If you talk to some BK attorneys on this issue I'm sure they will agree. No release, no payments.
Dear Lord, forgive them for they know nothing.
LOLOLOL! Yeah sure you do.
Sure, you own 100,000 Ps and 50 million Qs.
Ahahahahaha!
Where do these people come from? Anybody?
LOL
Andyg. LIBOR has not concluded yet. We still await the final big group which includes Wamu. Unless you know otherwise. Lets hope it wraps up soon.
I could say something but I wont.
Just trust in the process.
Despite all the squabbles, banter, trolls, adversity, and corruption, we are going to see escrows get paid.
I will not say how much or when but just trust me.
I'm not going to say any more.
Relax and enjoy the ride.
Dont listen to AI.
FDIC will get 10% of our Libor deal trust me. They have invested a lot into lawyers etc and they dont work for free.
Let them get their cut. The IRS too. And be good citizens and spend a lot of your escrow money by buying things. Dont hoard your money!
You cant take it with you.
Split, I believe that generally the fee FDIC charges is `10%. Also note that LIBOR has been virtually silent lately which I think means settlement talks are underway or are already concluded and the payment details are being worked on. Remember our case is under an order of protection. Shhhh.
The next couple months will be very interesting.
Oh we will get paid. We wont have to hold our breath much longer.
Gary. Any corrupt activities will be so covert that they will not be detectable trust me. I do think the big boys are watching all this closely though. But look at all the crucial material in the BK that Walrat put under seal and redacted. And you think this is all on the up and up? I have a bridge I'd like to sell you!
Keep in mind that nothing is guaranteed in this saga. We are up against almost insurmountable corruption these days.
But, this is the best things have looked for us in 16 yrs. Our chances are good now. So while still a long shot investment, this is the closest we have been to payment.
The FDIC has sued for $400B. I expect much less. I hope I am wrong. But even 100b should give escrows about 50b. I'm not going to get into the 75 25 debate. Those heavy in Qs think they get it all. Those heavy in Ps think 75 25. I'm fine either way but I have my opinion on what it will be.
Stay positive. If you are a spiritual person I'd start praying. A lot.
Yes WMIH Owns COOP. Fact. I've said this in the past here and nobody seems to realize it. Weird.
By Oct we should know our LIBOR fate. Summary judgment by Naomi. Could be any day now. Dimon needs to pay for OUR bank. So many avenues for payment. This year going into 2025 will be very big times for escrow holders.
Once payments are announced expect your brokers to offer loans in advance of payment. Bop is right on this. Why would loans be good? Tax avoidance! Leave your bounty in your account and do not withdraw it and just do auto payments for your loan. Minimum tax. Say you buy a $5M house.....why pull out all that from your account and pay $1M in LTCG tax when you can just take out a mortgage, make auto payments from the account, and write off part of the interest on your mortgage payments. Rich people use other people's money, not their own.
16 years was a long ass wait but it will be worth it.
Are investors thinking dilution coming due to wamu estate payments? Maybe so. Coop owes bigtime and must pay up.
I opened a checking acct 15 yrs ago with Fidelity in case my escrows paid out so I could have checks ready to go. I never used the account. Then suddenly today I received debit cards from Fidelity in the mail. Very odd. Why after all this time, with an inactive account, did I suddenly receive debits cards for that account?
Things that make you go HMMMMMMM. Do they know something we don't?
Rifle link?
Split yes we could hear soon about Libor.
Naomi at 80? No doubt shes wanting to finish the deal.
Will Fdic get $400B?
Maybe not.
But the numbers will be big.
Don't forget, Dimon and his friends family and staff loaded up on escrows while they were available. Fact. Rest assured escrows will be paid. They want their investment paid just as we do. Even Rosie who hated escrows said LIBOR would likely get paid. He probably owned escrows too. Thick as thieves, as they say.
Z-Man. Right on. Big things coming. We'll have a chick magnet party down in Cabo to celebrate!
Mixed up.
Not yet. But sooooooooon!!!
All things now point to jpm and coop shares plus cash in lump sum and divvies. Libors close to settlement.
Say your prayers. I believe our chances are very good now
If you received shares in the last distribution you are locked in and on the golden list for all future distributions. Easy. You don't need to do anything further other than to keep your account information with your brokers updated.
Bops source said 700b. That would make Qs about 140 or more.
Astronomical numbers. But they have no choice. They owe what they owe. The big boys are waiting but no doubt their patience is wearing thin.
Coattails
Qs would be around $60 ea at 299b.
We are entitled to much more than 299b with 16 yrs interest. However, if JPM made 2 payments to the FDIC of 150b back in 2014 they may be off the hook with interest for the last 10 yrs.
Lets see what happens.
That case is not us. Dont worry. Our case is the big one and as such has been saved for last. Its a 400b suit.
How much we might get is anyones guess. My range is 10-100b, thats how nebulous this matter is.
But most importantly it unlocks Pandoras box.
We shall see what happens.
No offense but I have to say it.
Youre a very odd dude.
What a ridiculous statement 2050.
What's wrong with you?
Sorry Stormy. You have to be very discerning as to who you listen to on this board.
There are many possible avenues for payment. Be patient. 100k escrows could be very significant for you.
Exactly bob. We got paid despite bonds not being satisfied at that time.
They have our list. That payout went smoothly without a glitch.
So their list is accurate and ready for the coming distributions.
Susman Godfrey is involved in our LIBOR case.
Coincidence? I don't think so. The FDIC needed them for their records.
COOP will most likely wait till Libors 2.5% comes in before they do anything with shares to avoid a hit on SP.
This will all happen in phases.
COOP may happen even before LIBOR. Once that settles the waterfall will be like Niagara Falls. Bank payment, assets, etc. Avalanche of money.
I doubt we will be waiting much longer IMO.
If RICO, then 400B is 1.2T.
Think they will settle before that? LOL
APPROVING SETTLEMENT is all we need to read from that filing.
So, no dismissal. Settlement is in the works.
Yes Ron, 10/17 looks to be a big date for us, but as for LIBOR, 10/2 is the last date to settle before our case goes to trial. So not sure how this 10/17 date fits into that.
But for sure, something very big will happen between now and then.
Walrath is corrupt. The fact that she let Demon keep that found 30b proved that.
That money should have gone back to the shareholders. So I dont trust anything she touches.
Could this runup be due to the 2.5% coming from LIBOR?
We are close to settlement, possibly in the coming few weeks. Say if the WAMU estate gets $100B, that's a cool $2.5B that flows to COOP. Not a bad little bonus for the bottom line.
They may wait to see who gets elected. The 45% LTCG may not kick in if there is a change of administration.
JPM will want to hold onto its money based on that. Such scumbags.
So its possible we may have to wait till Nov or EOY to find out if we get bank payment etc.
Libor will likely happen this year however regardless.
Dimon is not your friend.....
Judge wants to retire and enjoy summer so this will wrap up soon.
Name address phone beneficiaries bank etc.
Make sure all is up to date.