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Why COOP? COOP Doesn’t Hold Our Assets.
COOP is a Registrant-sub of the Parent Corporation.
I see absolutely no reason for why the Retained Earnings have not been paid-out to Class 19, 22.
Ron
JWW, Now Use A Longer Term Chart.
+$58 was for a past high.
Now do your cup and handle charts including the $58 PPS.
Totally different picture.
COOP isn’t the answer.
COOP needs to reach +$600 PPS for P’s to see one face.
Not happening.
Ron
?? Why Bring In New Capital?
Why not just use our capital, if this has anything to do with us?
We Equity have multiple sources of distributions but nothing happens!
Is Paladin working for us?
Ron
Life, Liberty, Property!
The True Fabric of Your Construction.
The Conservatorship is a Fifth Amendment Takings from the shareholders by the government.
Just Compensation is due.
The Nationalization of personal property is illegal.
Just like WaMu; 5AT, “Willful Misconduct”.
Ron
Being the Insurer is Free Money When Nothing Happens.
Insuring a good driver is free money.
Free money for the Trustees from late 1900s to 2008.
The Trustees paid for the Insurance (CDS) not the CMO/CDO Originators like F&F, WaMu...
As I said, DB was the Trustee for WMB/Long Beach.
And, according to the FDIC; “WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F .”
JPM was the dominant generator of Derivative Contracts, 57% of the Market.
AIG was NOT a primary Derivative writer.
AIG was probably more of a clearinghouse for the Contracts.
No, I’m not digging for a link. The referenced bulletpoint answered the question.
The ABS/RMBS (CMO-CDO) Prospectus was rather boilerplate in that the trustee is required to insure the portfolio.
Ron
The Community Reinvestment Act.
The Community Reinvestment Act and the litigation against a Chicago Bank (1998 time frame) regarding the CRA forced all banks to offer loans to applicants that would not normally be approved.
That is why banks like WaMu securitized the loans as insured Bonds.
The banks only obligation was to replace failed loan with an equal loan back into the tranche.
All losses were recouped to the CMO/CDO by the Insurance (CDS) grantor.
Quote from the FDIC; “WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.”
Lehman’s did some CDSs but was largely an investor in insured ABS/MBS CERTs like Bear Stearns.
Ron
The Community Reinvestment Act.
The Community Reinvestment Act and the litigation against a Chicago Bank (1998 time frame) regarding the CRA forced all banks to offer loans to applicants that would not normally be approved.
That is why banks like WaMu securitized the loans as insured Bonds.
The banks only obligation was to replace failed loan with an equal loan back into the tranche.
All losses were recouped to the CMO/CDO by the Insurance (CDS) grantor.
Quote from the FDIC; “WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.”
Ron
The Community Reinvestment Act.
The Community Reinvestment Act and the litigation against a Chicago Bank (1998 time frame) regarding the CRA forced all banks to offer loans to applicants that would not normally be approved.
That is why banks like WaMu securitized the loans as insured Bonds.
The banks only obligation was to replace failed loan with an equal loan back into the tranche.
All losses were recouped to the CMO/CDO by the Insurance (CDS) grantor.
Quote from the FDIC; “WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.”
Dinner. Later.
Ron
DB Was The Trustee for WMB CDOs.
“Key Point by Investopedia
• Financial guarantors, who promise to reimburse investors for any losses on the CDO tranches in exchange for premium payments.
Most of if not all Prospectus of ABS/RMBS are required to be insured.
Hence; the losses are covered.
Insured Bonds.”
‘Financial guarantors’ third party. The Trustees.
AIG, JPM Investments, and DB as WMB Trustee.
Remember the DB/WMB Case in California?
I know that WaMu didn’t have Synthetic Derivatives.
I’m having a good discussion with donotunderstand on the Fannie board regarding derivatives.
Ron
I Think You Missed One of My Posts.
“Key Point by Investopedia
• Financial guarantors, who promise to reimburse investors for any losses on the CDO tranches in exchange for premium payments.
Most of if not all Prospectus of ABS/RMBS are required to be insured.
Hence; the losses are covered.
Insured Bonds.”
‘Financial guarantors’ third party. The Trustees.
AIG, JPM Investments, DB as WMB Trustee.
Remember the DB/WMB Case in California?
I know that WaMu didn’t have Synthetic Derivatives.
Ron
Synthetic CDS, Swaps.
I understand that the CDS was the Insurance Policy for the CDOs as required by the Bonds Prospectus.
I know that back in 2007-8, JPM was the writer of 57% of the Derivative Market. BofA was the second greatest writer of Contracts.
The CDO are collateralized and the Notes was insures.
Therefore F&F, WaMu, and to extent Lehman’s was not the problem back in 2008!
Ron
Key Point by Investopedia
• Financial guarantors, who promise to reimburse investors for any losses on the CDO tranches in exchange for premium payments.
Most of if not all Prospectus of ABS/RMBS are required to be insured.
Hence; the losses are covered.
Insured Bonds.
Ron
Key Point by Investopedia
• Financial guarantors, who promise to reimburse investors for any losses on the CDO tranches in exchange for premium payments.
Most of if not all Prospectus of ABS/RMBS are required to be insured.
Hence; the losses are covered.
Insured Bonds.
Ron
Key Point by Investopedia
• Financial guarantors, who promise to reimburse investors for any losses on the CDO tranches in exchange for premium payments.
Most of if not all Prospectus of ABS/RMBS are required to be insured.
Hence; the losses are covered.
Insured Bonds.
Ron
Please See 3684 Regarding CDO.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
What Is a Collateralized Debt Obligation (CDO)?
A Derivative!
https://www.investopedia.com/terms/c/cdo.asp
The common theme between WaMu, Lehman’s, and F&F.
Ron
Please See 3684 Regarding CDO.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
What Is a Collateralized Debt Obligation (CDO)?
A Derivative!
https://www.investopedia.com/terms/c/cdo.asp
The common theme between WaMu, Lehman’s, and F&F.
Ron
Please See 3684 Regarding CDO.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
What Is a Collateralized Debt Obligation (CDO)?
A Derivative!
https://www.investopedia.com/terms/c/cdo.asp
The common theme between WaMu, Lehman’s, and F&F.
Ron
Constructive Trust Claim.
The AAOC Plan 6 never described the definition of that Trust.
Yes a trust was established before Plan 6.
Yes Plan 7 LT is well defined because it needed to be for the Court in how the Debtor (The Commons, UQ) would satisfy all outstanding claimants.
Creditors are satisfied.
The Retained Earnings snuck-in in the February MOR for Class 19’s satisfaction.
The Court ratified the Plan.
Ron
Was F&F Reserve/Capital Created by Derivative Slow Pay?
That’s the game JPM played on Bear Stearns.
F&F like WaMu was not a writer of Derivative Contracts. F&F and WaMu purchased derivative contracts for insurance reasons as required by the ABS/RMBS Prospectus offerings.
Ron
More 2008 Derivative Market Meltdown Details.
BS;
Bear Stearns was a major holder of ABS/RMBS CERTS/Notes that were insured by Derivative Contracts.
JPM wrote 57% of the market. Therefore JPM was greatly exposed to make large loss claims back to BS.
JPM slow paid BS that made BS cash short. JPM forced/bought BS, so therefore JPM paid JPM for the ABS/RMBS losses.
Lehman’s;
JPM and Lehman’s had an ongoing agreement that JPM would cover Lehman’s Mark to Market for the night so Lehman’s could close their books.
On September 14th, JPM didn’t have any money to cover Lehman’s M2M. Therefore Lehman’s could not close their books and had to file for Bankruptcy.
Lehman’s also held a large portfolio of ABS/RMBS. Now locked up in LIBOR Litigation.
WaMu;
WaMu was a super originator of ABS/RMBS that JPM would need to cover the losses as the insurer.
According to the FDIC WaMu originated $1.5 Trillion in RMBS.
Again JPM forced the payment recipient into LIBOR litigation due to JPM LIBOR Currency manipulation.
Same for F&F as a holder of ABS/RMBS insured by Derivative market meltdown Contracts.
Ron
More 2008 Derivative Market Meltdown Details.
BS;
Bear Stearns was a major holder of ABS/RMBS CERTS/Notes that were insured by Derivative Contracts.
JPM wrote 57% of the market. Therefore JPM was greatly exposed to make large loss claims back to BS.
JPM slow paid BS that made BS cash short. JPM forced/bought BS, so therefore JPM paid JPM for the ABS/RMBS losses.
Lehman’s;
JPM and Lehman’s had an ongoing agreement that JPM would cover Lehman’s Mark to Market for the night so Lehman’s could close their books.
On September 14th, JPM didn’t have any money to cover Lehman’s M2M. Therefore Lehman’s could not close their books and had to file for Bankruptcy.
Lehman’s also held a large portfolio of ABS/RMBS. Now locked up in LIBOR Litigation.
WaMu;
WaMu was a super originator of ABS/RMBS that JPM would need to cover the losses as the insurer.
According to the FDIC WaMu originated $1.5 Trillion in RMBS.
Again JPM forced the payment recipient into LIBOR litigation due to JPM LIBOR Currency manipulation.
Ron
More 2008 Derivative Market Meltdown Details.
BS;
Bear Stearns was a major holder of ABS/RMBS CERTS/Notes that were insured by Derivative Contracts.
JPM wrote 57% of the market. Therefore JPM was greatly exposed to make large loss claims back to BS.
JPM slow paid BS that made BS cash short. JPM forced/bought BS, so therefore JPM paid JPM for the ABS/RMBS losses.
Lehman’s;
JPM and Lehman’s had an ongoing agreement that JPM would cover Lehman’s Mark to Market for the night so Lehman’s could close their books.
On September 14th, JPM didn’t have any money to cover Lehman’s M2M. Therefore Lehman’s could not close their books and had to file for Bankruptcy.
Lehman’s also held a large portfolio of ABS/RMBS. Now locked up in LIBOR Litigation.
WaMu;
WaMu was a super originator of ABS/RMBS that JPM would need to cover the losses as the insurer.
According to the FDIC WaMu originated $1.5 Trillion in RMBS.
Again JPM forced the payment recipient into LIBOR litigation due to JPM LIBOR Currency manipulation.
Time to cook dinner,
Ron
WMB Covered WMBfsb, And WMBfsb Covered WMB.
That was the Corporate Structure between the Banks.
When WMB had the ~$16 Billion orchestrated run on the Bank, WMBfsb had ~$40 Billion in cash to backstop WMB’s TIER One rating of 7.8 (from JPM 2008 10K. JPM was 3.5 [yes I did read it]).
TIER One rating of 8.5 before the bank run.
Wrap-up Insurance!?
Derivatives are the Insurance Policy.
2008 was the Derivative Market Meltdown. $83 Trillion in Notables, JPM wrote ~57% of the market.
~$13 Trillion was housing (FRB).
The Numbers;
For discussion, figure 20% for JPM exposure to RMBS.
$13T x .57 x .20 = 1.482 Trillion
Remember JPM 1.4 Trillion in Euro Notes?
The Facts are still the Facts.
Ron
The Last Ten Percent?
As I recall;
~~When a Trust/CERT reaches the last 10% in value the trust can be sold off.
Ron
Yes Jersey. Lehman’s is Solvent.
September 14, 2008;
Lehman’s couldn’t close their books because JPM didn’t have the money to forward to Lehman’s ‘Mark to Market’ as the ongoing nightly loan.
Lehman’s, like Bear Stearns, and WMI, held large ownership of ABS/MBS CERTS Insured by Derivatives.
Bear Stearns; JPM withheld derivatives insurance payment which left BS cash short.
The True History is True!!
Litigation takes time. JPM has lost in the WaMu case. And with more time, more losses. Just hasn’t paid, yet in WMB’s case. The FDIC is not released yet. For JPM, the real Release comes with payment.
2008; JPM owned 57% of in $83 Trillion Derivative Notables. $13 Trillion was in Housing.
Not just Lehman’s, BS, WaMu was robed by the Derivative Market Meltdown, so was many Hedge Funds with Attorneys.
The Derivative Market isn’t discussed because few even know that that market even exists?!?
The Derivative Market is buried in the LIBOR litigation.
As of last year;
BIS accounted for $632 Trillion in Derivative Notables.
Think about that,
Ron
Correct Xoom.
The WMB depositors liability was transferred to JPM with zero cost to the FDIC.
Liability equals zero.
The Federal Home Loan Bank was already covered and therefore paid.
Liability equals zero.
Ron
Cottonisking, I Just Read Through Your Post String.
My concussion; if Lehman’s was truly broken and insolvent, then the attorneys would have nothing to bill to.
Attorneys need a pocket to feed from.
Lehman’s like WMI/WMB are both Solvent.
Same for F&F.
The 2008 Credit Crisis was all about the Derivative Market Meltdown as the Insurance policy protecting the ABS losses.
Most of the Derivative Contracts are LIBOR Based.
Owner of Series P,
Ron
Tradeinman? Series 19?
SEEK HELP.
Wrong Tradeinman. Not What I Said.
My point is that Class 19 payment isn’t coming from COOP because COOP PPS would need to exceed $600 for Series R to see one face value.
COOP is not the answer.
Class 19’s redemption is coming from 75% of the Retained Earnings Class 22 set aside for resolving Class 19’s claim against Class 22’s Estate.
Ron
LG, COOP Share Price for Class 19 Redemption.
Series R (PQ) needs the PPS to exceed $600 to see one face value.
With hyper-inflation that could happen.
I have already explained how the Equity Community generously redeemed Class 19.
2.07X that has now grown to ~2.5X. The end of 75/25%.
Series R also to receive accumulation Performance Payment not associated with the 75/25%.
Yay yay... but but the Prospectus was canceled.
But your claim and property is your Claim and Property.
I have yet to see a reasonable presentation/response to make me reconsider my position on this topic and other issues.
Same for the Equity Community Presentation regarding a Liquidating Trust created by AAOC in Plan 6.
The Perfect way to Hide the Sausage is in a Trust.
Ron
WMI Holdings Corp Now Only Has Beneficiaries.
WMI Holdings Corp is no longer the Registrant.
WMIH the first went private.
I said it many years ago with the first stage.
WMI Holdings Corp (WMIH-1) is a Washington State Corp because the payment for WMB will come back to the Washington State Lost and found.
The Dual Track!
JPM lost!
Now JD is under the squeeze for financing JE and the Island.
HF want the money.
So do I!
WMIH Corp went to Delaware as the Registrant.
Later WMIH-2 -> COOP
Ron
COOP Is Only The Registrant. EOM.
That Was Stage Two. EOM.
Alice Lost Because Alice Was Wrong!!!
Alice was heard, and denied.
That is the full discussion point.
Alice was trying to brake-up Plan 7 to create greater delays benefiting JPM.
Alice filed in the closing moments of the last day possible. That is what one does for the purposes of delay.
The UW’s were just protecting the Plan from further delays.
Did Alice waste your money too?
I knew that the whole filing was bogus from the start and explained the Stipulations in detail when I was on BP.
Ron
Bob. I’m Right!!!!!
The Stipulation changed because the Plan changed. The Court didn’t have a issue with either Stipulation.
Pretty simple.
Alice invented an issue, and failed.
The Court let Alice waste your money.
The WMI-LT paid for the UW legal expenses.
Ron
UW Had a Claim Just Like You.
No Dilution.
You know what I meant.
Ron
Bob, Please Reread My Post.
UW claim is do to being the Underwriters for Series R.
Therefore Plan 6 Class 20.
Plan 6 Class 19 was only the TPS.
Class 20 merged into Class 19, and Class 20 became empty with Plan 7.
Class 19 wasn’t deluded, just adjusted.
Face it; Alice Lost because she was totally wrong!
Ron
Incoherent Responses.
Who is ‘she’, and approved what, ??
???
Alice created a false narrative.
It didn’t happen and you bought it, but the Court didn’t.
All Preferred are in the same class now.
Alice changed nothing.
Just added time and expense.
Ron
The Underwriters Were the Underwriters for The Series R.
Series R claim lived in P6-Class 20.
Plan 7 moved P’s and K’s to Class 19 to join the TPS.
No! The Underwriters claim never lived in Class 22.
Alice made it up.
The Plan 6 to Plan 7 Stipulation was never an issue with the Court.
Again, Alice made it up.
The Underwriters were just protecting their property/claim on the Debtor’s dollar.
WMI-LT paid for the litigation.
Ron
As You Know Bob.
I don’t support the Alice Class 19 totally bogus claim regarding of offering Class 22 claims to Class 19.
Alice had no legal authority to even make the offer in the first place.
The Class 19 Litigated against Alice was on the Debtor’s dollar (WMI).
Alice was just a Court Jester.
Ron