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This is what at AZ has been saying.
Any ideas about what’s happening to P’s?
Checked my ballot. There was a yellow sheet which I completed for 939322814.
Thanks. You confused the heck out of us bringing in these registered shares and now saying we are fine. Another issue less to worry.
Very good question. How were we supposed to know to register our shares?
Understood. How can I register those released shares? Others say the got a second ballot, I didn’t. Someone should explain this process.
Why not say in plain English that everybody who signed the releases and filled out the tax form and send to their broker is good.
I hope so. AZ has a tendency to complicate things. Has difficulties to say yes or no. He is however very helpful.
Now over $ 89
Getting confused. I submitted my ballot election to E*Trade in 2/18/2012. Got a couple of shares in return. Isn’t this sufficient. Never got any documents to fill out a second ballot.
If this happens the market might see this as a dilution and might be $ 50 and not $ 85
Sounds all great but the big question is always when.
Note the FDIC still shows a deficit on their website. Seems any LIBOR returns should rectify this.
Refreshing to hear someone appreciating AZ’s input.
We filled out what was sent to us by our brokers. Who are we supposed to know we should have filled it out otherwise? That would not have matched the ballots.
I don’t mind.
He never said we get JPM shares. We would get new shares in COOP or its successor.
Take the number of your old common shares and multiply by 0.06 and that’s the shares you would get. However due to dilution might go down from $80 to $50.
My case 83000 old common x 0.06 = 4980 x $50 = $249,000
Hope I have this right.
Very educational. Any idea’s what’s going to happen to former p’s? recovery.
Really don't understand why all this hoopla and what reason for it. What are they trying to gain? A statute of limitation they have to wait for? Anyway, we will see, soon.....
We know but this is the first time O have seen in writing that there is a parent. That was my point.
Isn’t this was AZ always said and many did not believe it?
is there anything more to this like can one research what this actual case was all about, i.e. how many billions did the FDIC sue for and I guess for multiple banks, one of them WAMU?
Thanks. And when do they pay up? They had 26 years to settle. What makes them settle now.
They will not close because they still claim a deficit of $ 24 billion. Even if LIBOR would be in the billions they find an excuse. Hoe you are right.
Ron. Didn’t see the one between the FDIC and banks where it said settlement would be “secret” and not disclosed.
You don’t think the FDIC has to conclude the bankruptcy before any of this happens or are they mutually exclusive?
And what has this to do with COOP?
Some emails say the FDIC suede for 400 to 600 Billion. The internet says they settled but actual settlement is secret. This is why I say there should be enough to cover the 14 Billion shortfall and thus conclude this bankruptcy. Let’s see what happens.
I know the feeling. Wouldn’t one think that if the FDIC gets $ 30 Billion for LIBOR they could finalize this bankruptcy? Some are claiming 300 Billion which is in my view fantasy.
Thanks. If that is the case why doesn’t the FDIC update based on what you are showing? It is all a mystery to me. I waiting now for 16 years?
Is your name AZ and you talk in riddles?
Wouldn’t you think the LIBOR settlement would resolve that deficit?
Doesn’t that come up to 4.6 face value = $ 4,600 x whatever number of shares you add. The question was if it is $ 10.000 per share and one had 1000. I answered that but I personally don’t think that will happen.
10 Mil. Others think it’s more like x 4.6 which is still 4.6 Mil.
I believe means the ones that signed releases. So the ones not having signed releases are excluded and thus the pool shrinks and instead of 0.4 it goes to 0.7. Let’s see what AZ says.
They say old x 0.04 or up to 0.7
This form dated January 2020.
That last update of this document is from Last Updated: 10/23/2020. The LIBOR settlement is from 2 weeks ago. I try to be an optimist and not a pessimist.
That was before LIBOR!