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I hope his basis for starting slow is not the pittance of shares we just received.
That's believable sincerely.
I'll agree with you on the point we'll have to fight for it.
3% is all we need!
Right on especially with the coming contractions.
Once the litigation fund is insolvent does the LT cease to exist?
Unchecked they could be bought. Lot's of money here.
Dagnabbit I think I'm on a roll.
Really George your here posting on a pink sheets message board. Have you personally converted the majority to coin as a hedge?
Sure I get it, making 4.5% over a 30 year mortgage has a negative net yield when the government loans it to you at 0% and you can leverage it at 10 to one. I'll take that all day long. I call horse manure.
It's a wonderful life.
I'm finally going to understand the underpinnings of big time banking at 57 years old. I always thought banks leveraged deposits. Darn that Jimmy Stewart.
Reducing deposits to offset capital requirements has to be a oxymoron.
What's your opinion as to who owes who based on reading the attached story? My thoughts lead me to feel DB has no claim to money coming back but more likely would be on the hook for damages. http://m.dailykos.com/story/2013/03/12/1193599/-FDIC-Deutsche-Bank-Secret-Settlement-Allegation-Omits-Material-Info-Leaves-Questions#
That's what I would have said.
I love you're enthusiasm.
Did FDICR state this in one of your casual conversations with them or in writing. Don you must have friends in high places.
Thanks DSpencer,
I agree we need to keep them on a leash so as to not let them stray to far.
Are you stating nothing is left to come back to LTI
We should file a legal demand for this information directed at the LT. They surely do not hold the power the FDIC does in withholding information. We have every right to know at this point.
OK, just another individual mortgage suit. What's so significant about this one?
Did WMIH also receive shares in this distribution?
Don't hold your breath, I held mind so long I stroked out. From experience, winning is easier than collecting. Who will represent us to collect? How much will they get to keep, how much will we get to keep? This is the merry go round that keeps crooked lawyers and the corrupt judicial system in business.
If they think this satisfies the masses wait until the lawsuits are filed.
You're right. I spoke before thinking.
Should be both actually.
Fair and reasonable? The value I received from WMIH stock was one third what I had in assets prior to signing releases
Then my only satisfaction will be to see heads roll and blood in the streets waist high. Time for revolution from the masses.
So you are saying this was the
largest injustification and govt theft of all time and we just have to accept it and move on.
Don't expect that until they get the dummies to agree to a LT assets for stock exchange.
Yes! This was the investment of a lifetime, some say a 10 fold return is an anomaly, maybe. But it has happened more than once and it will happen here!
I'm in the same camp Rockie.
This guy is a former high level official from the old WAMU.
A billion would be a welcomed slap on the wrist.
It would have to be tens of multiple billions for them to care.
This escrow situation has so many similarities as when I owned a Independent Manufacturers rep agency. Your owed the money but have very little leverage over the principal to get it unless you want to go all out and sue for whats rightfully yours at your own expense. In the back of your mind you think about many retaliatory options beyond what is legal. I'm at this point with thiS!
WMI had no assets of their own, basically they were just a shell company,a store front in name only with no assets. And the earth is flat by the way.
Where is our LT representation on this found 30 billion? If JPM did not get the mortgages but only servicing rights, we need those in power for the LT to communicate on this issue. Or will JPM just get to rewrite the P&A?
Ditto Man!
For those who insist that JPM just discovered 30 billion of highly performing apartment loans from the ashes of what they purchased in 2008, nah baba nah. Did they also just discover the income stream they have been receiving for 7 years from those loans nah baba nah. And the value of the loans purchased from WMI would include the income derived for the past 7 years.
Are the ones in charge of the new Wmih also in charge of the decision making for the LT?