Thanks Ron. I hope this is it and they will close the receivership after.

Is the Libor fairness hearing still happening tomorrow? TIA

Just close this damn recwivership already!!! lets see the cards! lets see whats in remote bankruptcy!

So I assume the October Libor settlement fairness hearing is postponed until 2025?

Seriously?!? These mofos are going to draw this out into 2025??

Xoom, did Hold give an estimate for the timeline to complete this? Thank you

RD, I thought this fair and reasonable hearing is the last one related to the Libor lawsuits. Is FDIC-R not ready to close after the October hearing?

RD, whats interesting about the chart on this page is showing is that the banks were making about the same income in interest by 2012 as they were in 2007 prior to the 2008 crash....The Wamu loan portfolio was generating about $8B annually interest profit in 2007....so if it has been protected in remote bankruptcy for all these years, it is very likely there is at least $80B+ of interest profit sitting there. Whether those profits will come back to retail escrow holders is still in question. I will not be surprised at this point if the institutions will try to go around retail and grab everything for themselves.

I was a young man full of hope back in 2008. Now I'm close to 50 and in some ways, I wish I had never followed the Wamu takedown. The lack of justice in this case is one of the biggest disappointment in my life.

Lodas, werent you in your 80's back around 2012? You must be close to 100 years old by now. Congrats old man for staying so sharp at your age and responding so actively on this board every day!

Its so sketchy how they are concealing the LIBOR settlement amount. For a lawsuit that affects so many shareholders of so many banks, I cant believe the settlement amount is not public information. They probably settled for $1 for all we know. Again, I expect nothing from LIBOR. I just want the receivership closed. Our best hope is the loan portfolio collecting interests for the last 16 years in remote bankruptcy. JPM claimed they did not acquire the loans...so there should be at least $80B+ in interest profits sitting in remote bk.

Wow! thanks RD. Is this the same fairness hearing that was originally scheduled for October? She moved it up?

RD, the last link I saw for Fair and Reasonable hearing was in October. Has there been an update to September 5th? Do you have a link?

Thanks!

Hey, is there a court date today regarding LIBOR settlement? I'm an escrow holder. I really want LIBOR to end so that the receivership can close and we can see what's in remote bankruptcy. I'm not expecting anything from LIBOR other than to have it settled and close.

Is there a court date today?

Will FDIC close the receivership this year? What can hold it back?

What's the latest on LIBOR settlement? I figure the only closure on escrow would be closure of receivership + 3 months. If nothing by then, I would be willing to give up on this.

TIA

What are the odds of FDIC closing Wamu Receivership in 2024?

LG, when is the potential date for Libor settlemt?
TIA

RD, there seems to be a fairness hearing date set in October....I guess Libor wont close until after that hearing?

Sorry, false alarm. I dont think I received it recently. I cant find the history of the issue. I think there was just a share left in that account by accident when I liquidated it last. It was an oldTD Ameritrade account that just got transferred into my Schwab. I apologize again for the false alarm. Still waiting on the FDIC Libor settlement like the rest of you.

Did anyone get a Coop share in your account for old escrows? I just got one share in one of my Schwab IRA account. Of course the escrow markers have been deleted from that account but it just showed up.

I'd be happpy if they returned $30B but I would restore my faith in our justice system if we see $87B+.

JPM makes over $90B in net profit a year....and they have been doing it for over 15.5 years....That's about $1.5T (trillion, like $1500B) in profits they have collected since Wamu robbery. You guys dont think there are a few billions in interest collected for old Wamu in remote bankruptcy? I guess the question comes down to if FDIC is totally corrupt and robbed Wamu of its remote bankruptcy assets ..aka interests from a $300B+ loan portfolio at time of robbery at about $9B annual interest...ok, maybe escrow doesnt get it all but there has to be a few billion collected for escrow over the last 15.5 years...otherwise the hedgefunds would not have agreed to the settlement. I would say $30+B hidden away is not an unreasonable ask (F&R) when JPM made over $1500B over the same 15.5 years.

If you think about it...Dr. A's estimate of $87B residual value of Wamu remote bk assets is not an unreasonable estimate over a 15.5 years when JPM made about $1500B over the same period.

The $87B value is there...the question is whether FDIC illegally took remote bk assets and gifted them to JPM. JPM own filing said they didnt buy any of Wamu loan portfolio. only bought the bank...so who owns the $87B? Did the hedgefunds steal it from retail? This is unlikely as it would require too many players in the conspiracy and someone would have leaked it.

The only possibility is it was either robbed by the FDIC for JPM or old Wamu equity is entitled to it once FDIC-R closes the receivership.

FDIC is suing for 400B for Libor...I think its not unreasonable for final settlement to be at least 40B (10%)

https://www.forbes.com/sites/timworstall/2017/08/17/the-fdics-libor-rigging-case-is-a-serious-problem-heres-why/?sh=7ced5d0d42da

Boris, is there a link to the filing showing that the Libor lawsuit is in the amount of $400B? I thought the amount being asked for was much lower. If the $400B is true then I'm hopeful that the settlement amount will be at least 10% ($40B)...that's significant dough...that will make it past the $13B bank bonds

Are you expecting WW3?

Happy New Year Everyone! May our wait come to an end this year with the R closing. One way or another may 2024 bring closure to all.

This is what I have been suspecting all along. I dont think you need to release to receive returns from remote bk assets. I think all shareholders on record at the time of share cancellation will receive returns. There was a period after the release deadline, where I saw a lot of shares being traded around 3 cents. Why would people be buying if they already missed the release deadline? I think the release is tied only to shares of WMIH and not remote bk assets. How can you sign away rights to assets in remote bk that were not disclosed during bk?

b3, if nothing is coming back to equity from Libor then why do we see S&G name plastered in the final negotiations? They represent equity so it must mean the final numbers are large enough to reach commons

Boris, it makes sense to me that there are people like you and others who are still here looking for a potential payout...since I know there are bk remote assets out there. However, it makes no sense to me that there are "concerned citizens" on here trying to talk us "reason" into letting go of payment coming back....for a "bankrupt company" after 15 years...and "supposedly done for good"

I've never seen this many "concerned citizens" for other stocks that arent even bankrupt...look at the number of posts for the last 15 years....they really are "concerned" to supposedly "save our souls"

Thank you Ron. I wish we could confirm S&G is representing FDIC on behalf of WMI and not some other bank....but seeing their name here definitely got my hopes up...if it is for WMI then it means settlement amount is large enough to reach commons

Thank you Boris. I hope this finally ends. We all need closure

Boris, was Sussman involved in any other bank bancruptcy during the 2008 period? So are you still expecting Libor settlement by year end?

This is really a good sign. Remember, Sussman represented common equity...this is a sign that the settlement amount will reach all the way to commons.

TIA

Thanks LG. Are you still confident of our wamu payout by end of year?

LG, do you know if money is going to reach old Lehman commons?

Thank you. It seems like they will drag out the receivership with these cases

What about the UBS and SONTARO that is scheduled to take place in the HAGUE as mentioned by Bbanbob? Do those also need to close before the receivership closes?

IMO, deleting the escrow markers by WMILT was deniability cover by Rosen to show that WMILT knew nothing about assets in remote bankruptcy. When the remote bk assets do appear, he can simply say "see we really thought there was nothing...we even deleted the escrow markers...we didnt committ any bk fraud"

wow, 11/27 filing shows no objection by any class members for the settlement. It looks like this could get approved on Dec12

Thank you Bbanbob. Do you have dates for those cases?

Boris, I recall FDIC opened up some claims against mortgage orginators this year or last year? I recall them opening the claim right before the statute of limitation ran out. Do you know if those cases have been settled? Is this Libor case really the last thing on FDIC plate or are there any other lawsuits out there?

Thanks again!

RD, these dates show 2018.. I thought the FDIC is holding final LIBOR hearings this week?