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Footballer,
As I have spoke with the FDIC at length yes They have the power and as to many here who are under the incorrect belief there is no 10 year time frame as to the limit of their Resolution Powers! Janice Hearn explicitly stated they are not bound by a predetermined time frame. When its done its done and not a minute before.
Hope that helps,
B
Well soon it will be time to start swatting the hornets nest with a flame thrower ....I think it b's about time. I sometimes get stung and some times I get what I was looking for. Hehehhe. Will see its about time to start getting the gear ready. Will see. Probably get stung bad LMAO
Flame thrower regards,
B
All this talk! It is set in stone! The rest is speculation
There are only Four things here that really matter.
1. Are you an Escrow Holder of any of the flavors?
2. Did you sign your timely releases?
3. Do you know how many of those markers you have and whom in what account is holding them for you.
4. Did you speculate and purchase shares of the new Co and only risked money on those shares that may receive a very healthty appreciation; or may get crammed down and be force to accept pennies.
The rest is set in stone!
1. POR 7 has set the return formula for escrow markers.
2. The return of assets to WMI is priority 1 as we own the Co.
3. There is no offers that will be made for markers as priority was set forth in a non negotiable order. The court decided this!
4. New co shares are a the wild card. They may have tremendous value however are more than likely forced to accept what the controlling holders of the company will offer.
Sunday Regards,
B
Because The Frank Dodd act with respect to unwinding Hold Co's due to the complexity of bank Holding Companies and their Subs allows for the Fdi-r to address the Hold co's with new power. They screwed the pooch with respect to WMI and got in over their heads due to the existing laws in 2008. So they went back to address the Hold co issues and subs in the new laws.
Regards,
b
Yes I have read the act and yes you are correct anything 2010 back was grandfathered .
Regards,
B
Ron
when the new Co Delaware 1031 was formed was that to hold the assets in safe harbor but are on a 1 year delayed reverse Exchange. My understanding is if it was it would have a total of 360 days from June 27th when it was formed. I am trying to still figure out why the delay in 1031 and the extension that was announced.
Regards
B
My mistake Rockie101 ...I misread and thought you were responding to the delay reverse 1031 Exchange so I STAND CORRECTED IN REPLYING TO THE WRONG MESSAGE My apologies,
Big Love
B
Obviously rockie101 you failed to read completely my message sitting behind your computer on a message board now did you not?
BoWinkel regards,
Still love my squirrels though especially my Rockie101
Big Love
B
BBANBOB
If you look at the original 180 Days and then we see the 180 day extension it seems that might have been used in sync as a vehicle to return some of the real assets being returned safe harbor as a delayed safe harbor reverse exchange.
Regards,
B
Hence how would you pull real property into the equation that is being returned to its rightful owner outside the Bk safe harbored ? 1031 Reverse Delayed Exhange? The dates just add up..
?
Regards
WAMU 1031 EXCHANGE Thinking out loud Pt2 Combine Reverse
Combine Reverse and Delayed Exchange for 360 Days ~did WMIH just extend by 180~ ?
DO YOU WANT 360 DAYS TO EXCHANGE?
SAFE HARBOR GUIDANCE
Tax-deferred exchanges have been part of the U.S. Tax Code since 1921. Since that time, the government has approved certain methods to structure exchange transactions that are so-called “safe harbors.” For example, in 1991 the U.S. Treasury issued final regulations that provided important guidance on the structure of delayed exchanges including the 45 day identification period and 180-day exchange period timelines and certain other procedural requirements necessary to complete a tax-deferred exchange safely. On September 15, 2000, the Internal Revenue Service released Revenue Procedure 2000-37 that provided guidelines for structuring reverse exchanges (a transaction in which replacement property is acquired by an accommodating party before the sale of the relinquished property and held as replacement property to complete the exchange). A replacement property may be acquired and held (sometimes called “parked”) by the accommodating party for up to 180 calendar days. Recently, the IRS provided guidance (See ILM 200836024) approving the combination of a reverse parking arrangement exchange and a forward delayed exchange resulting in two sequential 180-day exchange periods associated with one exchange transaction.
Since the accommodating party in a reverse exchange can only hold the replacement property for 180 days, the relinquished property must generally be sold by the taxpayer within that 180-day accommodation period. If the parked replacement property is the only property that is desired by the taxpayer to complete the exchange, then the exchange is complete upon the accommodator’s transfer of the replacement property to the exchanger. But what if the parked replacement property is just one of several replacement properties desired by the taxpayer? In that event, the standard delayed exchange that commences with the sale of the relinquished property may be used to acquire other replacement properties over the second 180-day exchange period commencing with the sale of the relinquished property. In this fashion, the exchange transaction spans two exchange periods starting with the accommodator’s acquisition of the parked property and ending on the exchanger’s acquisition of the last replacement property, potentially spanning 360 calendar days.
How might the combination of a reverse exchange and a delayed exchange permit an exchanger to take advantage of current market conditions? Suppose that an exchanger owns a single family rental property in San Jose, California, worth $600,000. The exchanger would like to take advantage of excellent purchase opportunities in the Sacramento region where he can now acquire single family rental homes at a significant discount. The investor negotiates to purchase three replacement properties with an aggregate value of $450,000 by using a reverse exchange in which closes at the end of June, 2014. When the relinquished property in San Jose is finally sold in December, 2014 as part of a regular delayed exchange, the net sale proceeds are used to purchase the three parked replacement properties held by the accommodator. Now, in this second leg of the exchange transaction, the exchanger has 45 days following the sale of the relinquished property to identify other suitable replacement property and a maximum of 180 days to close on one or more identified replacement properties.
Regards,
B
WAMU 1031 EXCHANGE. Thinking out loud. Is it a possibility that If Jpm was conveyed Wamu 1031 exchange as per the Bk proceedings, as we saw the closure of the California 1031 exchange a the Delaware formation is it a possibility that Wamu 1031 was a reverse exchange event ? Meaning the parties actually are going to used the Delaware 1031 to re-convey back to WMI some of the Real Assets that where Conveyed thru the transfer of the original Ca Wamu 1031 exchange or in other words a reverse exchange
A reverse exchange is somewhat more complex than a deferred exchange. It involves the acquisition of replacement property through an exchange accommodation titleholder, with whom it is parked for no more than 180 days. During this parking period the taxpayer disposes of its relinquished property to close the exchange.
Thinking out loud regards,
B
Thanks for the Clarification Jinsong.
Appreciation Regards,
B
Jinsong Let me get this straight!
So you spoke with your broker and he said that he wish he owned Escrows eluding to a forthcoming value. Is that what you are implying ? There is a serious need for all not to embellish or misstate. I just want to clarify your statement and make sure I am understanding you correctly......SAAAAAKKKKKEEEEE!
Jinsong regards,
B
Az Nice Work! Way to keep the hammer down and both eyes on the finish line. Thank you for continuing to share...As my pop always said do the big thing ,do the right thing, and share your spoils with those whom even ridicule, as they are the most wretched and need the sunshine the most.
Nice work regards,
B
HE was involved as per the H.S. Senate Select Subcommittee On the Financial Crisis Hearings. HE is without a doubt in the know! My Mama gave them all a blank check to Gag order the Case, bury the truth, all in the name of Security.
H.S.regards,
B
So with over 90 Billion at DB this article says they have another 100 billion in contention.
Funny you should say that? WMIH has been in violation of the Nasdaq rules for quite some time now and not the 1 dollar rule ..how about the 3 -4 dollar rule capital standards, insider rule etc..... and the only reason is They have seen the value and have let it remain because they know it meets all criteria once the Vail is lifted. Go look it up folks!
Nasdaq Regards,
B
Absolutely Probably Nothing , however my description is gone on my Escrows in my TDAMERITRADE acct. I just happen to look at a few other positions and now the description is gone on my escrows. Just the amount of shares and cusp # Before it gave what they each were and now nothing.....Probably nothing.
Regards,
B
Now that is an interesting Line... including,without limitation, unvested restricted stock.
Interestung Regards,
b
Anyone's best chance is The U.S. Trustee Joseph A. McManhon who abruptly left the case! Why because he could not lie openly in court as he valued the letter of law and knew Equity was in for a GOAT ROPING and the judge and all the players knew he was not going to keep quite so they gave him an option and he took it! If you could ever get the D.O.J to turn him witness and find a solid prosecutor in the D.O.J you may have a chance ...however you would need some serious political power to even get them to listen to both the Trustee and the attorney representing former shareholders.... Big hill to climb while getting shot at from all directions. Boys like this would rather just erase your sorry AZZ than get drawn into another scandal. It would be made clear to you as it has many, Even some who got a little vocal on youtube ended up getting all kinds of visits and gov investigations into their existence so they caved in and figured it was better to shut their mouths and keep their life than continue. Heck they even turned Kirsten Grind and paid her off with a book deal and a award. The book is a Joke a 3rd grader could have written a better book than she did...Why because she had to re-write it in a hurry.
Although good luck with suing anyone as BBBAN said once Home Land S got involved we were gonna get what we where gonna get as they have the power to almost bend time! So good luck with suing anyone and besides the time would be after we see the Sausage and not a minute before....So everyone needs to sit tight for now... I think many will be very surprised what we get...Besides this train is moving and we don't need anyone to throw themselves on the tracks as it will just take longer if the even do make it in front of the choo choo In the end their reward will delayed and the will be cut in three parts.
Gov regards,
B
HotMeat Thank you! I can appreciate the very black and white letter of the law interpretation. I greatly appreciate your opinion and definitely highly value your interpretation of the legal proceedings and subsequent filings. Again I am now going to go back and try to square all this up in my own findings and research. Thank you!
Much appreciated Regards,
B
Az & Hotmeat
You two have very convincing arguments. What I am not getting Hotmeat is it seems you feel that everything must flow thru the LT and I reading that right? I am curious in simple terms can you give a short Synopsis of how you see recovery if any to the different classes? Also if I may Hotmeat, why would would they dissolve the KKR guaranty/collateral?
I appreciate the both of your DD. and the kindness in sharing these hypothesis. I do feel Az& Ron are getting the igniters correctly labeled. I think they have now have had some success in naming the subsequent events that have started to fuel this trains forward movement.
Again I am thankful for the both of you as you have provided some incredibly valuable information for us to do our own research and for that thank you! Glad you both are keeping it respectful to the greater degree. Thank you!
Az and Hotmeat regards,
B
There is a million work arounds with this "One OF". The best in the world were in on this program.
Work around regards,
B
KKR & No collateral Makes No Senses...Unless
Looks Like they found a way out the door or to usher in the sausage for all to behold.
KKR certainly would not be party to such an agreement with no collateral unless that was never the collateral to begin with.
So as a simple HYPOTHESIS.... if the real value is known to KKR then it must be coming from somewhere, otherwise with no amendment surely they(KKR) will walk.Why would WMIH just breach the guarantee, unless KKR knows something of much greater value was in motion and WMIH and BOD had conveyed that.
I think we are about ready to see a whole new set of planned transactions and the answers we have been waiting for will start to be come clear.
Hypothesis Regards,
B
LMAO! This is just getting started and if you cant feel the train starting to move you probably ain't on it. All this despair is making me crack the puck up. I felt the pop of the rail cars popping the slack out of the couplers yesterday. WOO WOO!
Choo Choo regards,
B
Az your right... Nice focus !
I sure as frick missed that !
Az Regards,
B
Anytime Az...Thank you !
All the best for now.
B
Az do you want me to rephrase it or ask something else?
Az regards,
B
Lucky
I see it as they say " As such, WMIIC did not have any assets or operations at the time of its dissolution" again we know if you dissolve it nothing can be left.
I think this whole train is now beginning to move.
Your thoughts?
Lucky Panda regards,
B
Az From WMIH
I got the this back. I do not think he understood what I was asking for, however Look at the last paragraph.
If you could phrase what you want me to ask differently I will take another run at it.
Thank you for your email to Mr. Gallagher (who passed same along to me). While you directed your inquiry to Mr. Gallagher, in his capacity as CEO of WMIH Corp., your questions appear to relate to the operations and activities of WMI Liquidating Trust (the “Trust”). On that basis, I respectfully direct your attention to the information and materials posted at www.wmitrust.com, which includes the Trust’s Quarterly Summary Reports timely filed with the Bankruptcy Court, as well as the Trust’s timely filed Forms 10-K for the relevant periods covered thereby. I also direct your attention to the tab captioned “Frequently Asked Questions”, including #12 therein which provides information regarding Escrow CUSIPs.
For the record, neither A&M nor Mr. Kosturos has any role with regard to WMIH Corp., its operations or business activities.
Regards,
B
can read it many ways
"WMIIC did not have any assets or operations at the time of its dissolution"
Take it as you however will " at the time of it's dissolution" well yeah if you are dissolving it the value has already been transferred . The question is how much and where is it held or distributed too.....in accordance with the plan.
Developing regards, Cricket cricket!
B
Fair and Reasonable. A lot are misinterpreting fair and reasonable.
I would suggest all go read up on the meaning of fair and reasonable with respect to Bankruptcies.
Regards,
B
Mr Reiko Black,
Thank you for taking the time and initiative to gather and garner information that all seek. I appreciate and applaud you effort.
Best Regards,
B
Let me get on it. I will start the process and see what I can get for you. I will get on it Dang Gone it! :) Let me see what I can find AZ. As always thanks for all you do.
Nervous regards,
B
We have been and will continue to do so. I have reached out to many in the Know and most will not comment or site legal reasons why they cannot. I have and will continue to try. I have had a wee bit of success here and there although it is limited. So please strike out and help out read research call, write , email show up whatever you can do would be appreciated.
Help regards,
B
AS TO WHOM IS WRONG AND RIGHT Who knows! We all have our opinions and everything is up for discussion but for God's sake all those on the same side of looking for recovery Lay the Frick of each other.
The A-team members and B team please respect each other as some are, and for those who aren't..... NO PURPOSE is served other than destruction of idea's opinions and hard work when ya'll go at each other.
I for one am appreciative of the many hard working people on both sides pro and con. What I choose to believe in is my own dam business and responsibility. I will either reap the rewards or the loss.
But for Pete's sake lets get a little less Vitriol with each other and challenge our own thinking and agree to disagree. We are all in the same boat and trying to find out when, and if we will reach Treasure Island.
Respectful Regards
B
Hotmeat,
Thank you for your response. I am trying to square up the different payout scenarios from what I would contend to be credible ihub board members with that of what I am researching and reading. Still making up ground. Thank you for your time in answering my post.
Best Regards,
B
Hotmeat,
Respectfully I ask "where do you see or from what source" do you see escrow shares recovery or compensation coming from? I am curious as I am still performing my own research however I lag behind do to my complete absence for 5 years. Just appreciate your posts and input from a few of the very astute holders of escrows.
Appreciated regards,
B
I think we will take off shortly This thing is getting accumulated like I have not seen anywhere in a long time. I mean go look at the Accu/Distr line today its silly accumulation.
Silly regards,
B