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Hey fred, it appears to be a massive rush of filings for the larger Libor8 cases as it they all want a settlement by yearend 2023. I believe some of these filings include Baltimore so must be our case as well.
What you say?
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Here you go thanks to another IHUB poster, RD:
10/23/2023LETTER MOTION for Leave to File Request for International Judicial Assistance (Letter of Request) pursuant to the Hague Convention of 18 March 1970 on the Taking of Evidence Abroad in Civil or Commercial Matters regarding MUFG-BTMU addressed to Judge Naomi Reice Buchwald from James R. Martin dated 10/23/2023. Document filed by FDIC, as receiver, Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation.
1Supplement Declaration of James R. Martin
2Exhibit A
3Exhibit B
4Exhibit C
5Exhibit D
6Exhibit E
7Exhibit F
8Exhibit G
9Exhibit H
10Exhibit I
11Exhibit J
12Exhibit K
13Exhibit L
14Exhibit M
15Proposed Order granting Issuance of LOR
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
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newflow, you said the following:
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FDIC claims process and who is holding the CERTIFICATE now?
How do I file a claim as a general creditor?
The notice that creditors receive will include instructions and the appropriate forms for filing a claim against the receivership. Documentation of the claim is required and must be submitted in a timely manner. The notice will provide a deadline by which all claims must be filed. Most general creditor claims will be acknowledged or denied by the FDIC within 180 days. A creditor will receive a Receiver's Certificate in the amount of the claim and may receive payments from the receivership as the assets are liquidated.
https://www.fdic.gov/consumers/banking/facts/creditors.html
WMILT exists as a Winding-up entity. IMO otherwise who would take care of estates claims as a creditor and shareholders?
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Very interesting as we know the two people who know where all the bodies are buried especially the trigger for payment when presented must be paid within a preset time that was established years ago under sealed docs.
Yes, good ole Charles Smith and Doreen Logan are the only two left BY DESIGN and remember once WMILT filed their certificate of cancellation on December 31, 2021 and miscellaneous details finished no later than March 31, 2022, they advised there would not be any further updates from WMILT PERIOD. However, those two VIPs know where the bodies are and when to present the final bill to the Powers-That-Be which they must pay within agreed upon timeframe with no questions ask or further delays.
I believe we are getting very close to distributions in my view.
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Newflow, perfect! Thanks for sharing the filing again and this should bring a huge LIGHTBULB MOMENT to many here once they reread this refresher filings or it should!
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Newflow, yes, good points and we agree with this but just may have been worded differently. As I was saying, tranche five are the 15 to 35B in SD and or bonds then tranche six for all preferred equity interests and common equity interests
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BBANBOB, yes, I fully believe we NOW know the trigger for distributions and/or payouts and that is the LIBOR8 CASE. Once the FDIC announces a settlement with LIBOR8 which I believe will be in the neighborhood of 50 to 85 billion and the MONEY actually transfers to the FDIC then from THIS point which may be two or three months we should see some distributions.
So if Libor8 is settled in late December of the year 2023 we should see distributions by late March of the year 2024 and if we see the settlement in April of the year 2024 then we should see distributions by late July 2024, just in time for the entire MARKET CRASH of year 2024 and in time for the POTUS election in November of the year 2024!
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BBANBOB, Exactly. Otherwise, how would the Powers-That-Be explain around 15B being paid to cover the (SD) Subordinated Debt (bonds) in Tranche Five of the former WaMu BK cases? So, according to the payout Matrix, the SD of 15B is ahead of the former Preferred and Common shares that are in Tranche Six waiting for eventual distributions
Without Libor to play cover for the 15B in payout to the SD controlled by the Texas Insurance Litigators, (who by the way have not filed any current adversary filings for their huge returns) it would look like the entire former WaMu bk cases would be fraudulent, so for current and historical reasons, the former WaMu BK cases must look very legal without questions or facts to prove otherwise so we wait for Libor to settle, thus providing cover for the payouts/distributions.
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Fred you said the following:
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USA's economy is in a fake tsunami, imo........gonna be a RE-SET, at a minimum............probably worse............something is BROKEN
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I say the collapse of the worldwide markets WILL HAPPEN between MAY and MID-OCTOBER of the year 2024, HOWEVER until that point, the markets continue higher.
The evil CABAL will need to keep the markets going higher until Trump's reelection landslide where 70% plus of American Citizens will vote for him USING PAPER BALLOTS and VOTER ID...(yes, this will happen so wait, watch and see)
*************************AND***************************
The GOOD will need to topple the MORE THAN BANKRUPT US SYSTEM BEFORE the Trump reelection total wipeout and landslide of early November 2024
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RD, yes, Edgar did the numbers and that email but WithCatz took it a step further and engineered that calculator.
WithCatz then changed his screen name to Catz then all but disappeared several years ago after having some admin duties with Board Post.
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RD, you said the following:
______________________________
Use "calculator" created by Edgar Sargent , Susman Group and A & A
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Edgar Sargent DID NOT create the calculator you refer to and this has been discussed many times over the years. Former poster, WithCatz designed and implemented this calculator
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MAGIC MONEY DISTRIBUTION/NOTIFICATION
1) By yearend 2023 = 40% chance
2) By April 01, 2024 = 80% chance
Just my thoughts
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MAGIC MONEY DISTRIBUTION/NOTIFICATION
1) By yearend 2023 = 40% chance
2) By April 01, 2024 = 80% chance
Just my thoughts
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Newflow, good find and due diligence. Hmmmm…complete WIND-UP in year 2023 with MUST DISTRIBUTE by yearend 2023?
This MAY BE correct but as usual will have to wait and see with time passing and filings show us the way forward
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Serafino1, a former Executive of a large company and do not remember the name said a couple of years ago what we are waiting on is called MAGIC MONEY!
He advised this type of distribution will just appear one day as if it came out of thin air hence the nickname of MAGIC MONEY.
I expect within six months Libor will be settled and Tranche Five in the former WaMu bk where the 15B sits waiting to be paid by JPM then at the same time or thereabouts Tranche Six will be advised of forthcoming distributions of MAGIC MONEY
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Thank you, Eli, Sidedraft, and iPleude. This has been out since 9/5/2023 but very interesting as we should be seeing the final closeout of UWBKQ very soon, I would think.
https://storage.courtlistener.com/recap/gov.uscourts.cob.364850/gov.uscourts.cob.364850.757.0.pdf
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Now very close to something? Let us all hope distributions happen before the final closeout but then that would make this case look wrong because no monies left according to final closeout posted a while back.
So if we get anything at all, it appears it will happen on the sly POST final closeout of Receivership but who knows…Fred…hehehehe
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Well Fred, this all sounds good. How long will it take for the money to actually transfer to the FDIC? This could be months or even a year or as little as 30 to 60 days which would mean we MAY see monies by yearend 2023 and/or within the first three months of year 2024.
What YOU say, Fred?
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I thought you were waiting for the Libor case in Baltimore to settle. It seems this is a different case
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Fred, you said.
LIBOR/sterling/sonterra secretly settles.
I thought you would view this as good news
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Hey fred, does this mean anything to you at this point?
CWG, obviously, you must think they would show Safe Harbor assets within a fraudulent-made-legal bankruptcy case (s), and sorry, that is not how it works.
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CWG, you asked the following.
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What does “Total Assets”mean to you?
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If you look at the Pie Chart at the bottom of page 7 this will give you an idea of how the players handled their monies and yes, I know, this totally EXCLUDES 299B in WaMu assets but should help give you an idea they were not deposits or they would have NO DOUBT pointed this out.
There is no way to answer your question because they hid 299B of WaMu assets HOWEVER, at a bare minimum there is tremendous money to be made from a base of 300B even if WaMu did not own the monies. Think about this really hard, Why would they hide the money? In my view, it would prove WaMu was never legally bankrupt among many more very important points about assets.
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CWG, here is what the words say from the Horse's mouth. Further, at the bottom of page 7, you will find the following verbiage.
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' Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF
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FDIC TRULY states HUNDREDS of BILLIONS in WaMu Assets - Yes, HUNDREDS of BILLIONS
https://www.fdic.gov/about/strategic/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf
***Bottom of page 7***
Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF
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Hey fred, you said the following:
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.UBS tactic will backfire, but it really gives a SIGN that UBS wants to settle LIBOR..........very cool..
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It appears (if the letter is true) that they want to discuss settlement rather than litigate. Wow, if this is true then it would appear that reasonable people should be able to get to a settlement within a few weeks or even days. Guilt has already been assigned so just a matter of HOW MUCH LARGE GREEN.
This mess could be over by the end of October followed by distributions by yearend or nudged into 2024.
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Well fred as Mel Fisher would always say, "TODAY IS THE DAY" and maybe late Friday is THE DAY. This is also the end of the quarter which also makes sense. Regardless, we should be no longer than a week or two at the most if not today.
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Fred, well we saw the final filing that did not include anything for us around a month or so ago. So we should be seeing the final closeout with case terminated any day. Maybe even today after hours as the FDIC seems to like to do filings on Friday.
So if we see the case terminated then that tells me we have been hosed however if we see monies any day then the termination of the case would follow and to me makes the most sense.
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They fought Alice tooth and nail over asset ownership and you honestly believe they are just going to tell you? at least be a little bit real. I would take at minimum litigation and then I still say they will not divulge but go ahead and try.
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Hey Fred you said the following.
WSJ or similar news org. is investigating the entire FCNCA/venable/FDIC incestuous relationship
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It would seem to me if this were accurate, the bad people would want this closed down, buried, records destroyed much sooner than later otherwise bad conduct will be exposed
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goodie, you said the following.
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They made a distinct effort to be put in Class 19. (snuck in) WHY
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The UWs are the very people who performed this kind of work. They know all the ins and outs of the MBS, the eventual worth, timing and so much more.
With that said, I am sure they wanted to be placed in a LESS VALUABLE CLASS such as class 19 something they spent three years fighting to ensure they stayed in this LESS VALUABLE
CLASS 19
DOES THIS SOUND EVEN REMOTELY LIKELY? EXACTLY, NOT A CHANCE IN HELL so yes, when this moves forward it will be obvious why the UWs are in class 19 not to mention they received an extra year to investigate the worth and make their play for which class they wanted...Oh, yes, Class 19
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CWG, how challenging could it be to understand the following?
In the state of Delaware during a Chapter Eleven Filing, when a (POR) Plan of Reorganization is denied can it be used at all, or is it canceled in total?
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BARD:
If a Plan of Reorganization (POR) is denied in a Chapter 11 bankruptcy filing in Delaware, it cannot be used at all. It is canceled in total.
The Bankruptcy Code requires that a POR be confirmed by the bankruptcy court before it can be implemented. Confirmation requires that the plan meet certain criteria, including that it be fair and equitable to all creditors and shareholders. If the court finds that the plan does not meet these criteria, it will deny confirmation.
Once a POR is denied, the debtor has two options:
File a new POR.
Convert the bankruptcy case to Chapter 7 liquidation.
If the debtor chooses to file a new POR, it must make changes to the plan to address the court's concerns. The new POR must then be approved by the court and confirmed by the creditors and shareholders.
If the debtor chooses to convert the bankruptcy case to Chapter 7 liquidation, all of the debtor's assets will be sold to pay off creditors as much as possible. The debtor will then receive a discharge of its debts, but it will also lose all of its assets.
It is important to note that a debtor may not be able to file a new POR if the court has already denied confirmation of a previous POR. This is because the Bankruptcy Code prohibits debtors from abusing the bankruptcy process.
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CWG, you are exactly correct in that POR 6 was denied. Ron said the following.
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Plan 6 LT WA Holds all the other assets I listed in the linked post.
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I have tried to tell this to Ron before but it falls on deaf ears because it does not fit the agenda. Sure, it is possible some of the DENIED POR 6 contents, actions, and others made it into Amended POR 7 signed by the court on 2/23/2012 however, Ron should locate it in POR 7 what it is he wants us to believe and show us the location in POR 7
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FROM A (Libor) SUBJECT MATTER EXPERIENCED (hold2wm) POSTER ON BP:
09/22/2023 Set/Reset Deadlines: Responses due by 9/28/2023 Replies due by 10/12/2023. Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB (Text entry; no document attached.)
I hope the above means a settlement. FDIC last filing asked the court to hold onto its latest "take evidence abroad" motion till FDIC and BBA both complete their meet and confer discussion.
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WMI INC, WMIH, WMI HOLDINGS INC, COOP, WMI DST or Whatever
Where there are a lot of money, assets, gold, silver, real estate issues ANYWHERE in the ENTIRE WORLD, JPMC is ALWAYS smack-dab in the middle {I have witnessed this for decades) of the case using their corrupt influence as the fourth branch of the United States Government hiding behind a publicly traded company and ticker symbol.
Ultimately, to think JPMC/Executives does not have tons of timely signed releases would be naive at the minimum and very stupid on the other end.
XXXX
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ItsMyOption, you said the following.
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then magically our money will flow
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I do not remember the Executive’s name but he was not with COOP who said the following in regards to Safe Harbor, BK Remote Assets.
It’s basically called MAGIC MONEY because it will just appear in accounts one day when you least expect it.
Yes, I truly do love MAGIC MONEY!
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Lex, you are completely correct in that POR 6 was denied.
However, there may be pieces that made it into Amended POR 7 signed by the court on February 23, 2012 but if some (Ron & others) want to say POR 6 then show where this is located in Amended POR 7 or you statements are not evidence thus are null and void.
When the court denied POR 6, this means it was canceled and should NEVER be used for research because if some materials made it to Amended POR 7 then you should cite this and where it is located otherwise,YOU ARE SPREADING (Ron) FAKE NEWS!
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FROM BING:
From the former WaMu Estate that has been terminated in January of year 2020, will there be any distributions from Safe Harbor monies to those investors who signed timely releases by March of year 2012?
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According to one of the web search results1, the distributions from Safe Harbor will start in early year 2024 for those investors who signed timely releases by March of year 2012. However, this information is not verified by any official source and may be subject to change. You may want to consult a financial advisor or a legal expert for more details on this matter.
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Reiko, why do you say newflow is misrepresenting assets? Assets are assets whether retained or not. Obviously, the group that did the third party evaluation reported this to the court and it was sealed from view. Why? That should be self-explanatory. These assets could not be discussed in the active bk cases due to them being safe-harbor protected.
Now we cannot prove these assets were sealed from public view or reported to the court however, one can bet that the EC did their review and evaluation of the assets by a third party but whatever the results were, these results were not shown for public consumption and kept from viewing by those investors who signed timely releases by 3/212.
We have proven Safe Harbor assets are a reality now the question is will they transfer at some point to us...so, in my view, the answer is they absolutely will as we are riding the coattails of the multibillionaires awaiting their take as well. The actions show the Big Money Playeres no the time frame otherwise we would have seen adversarial litigation filed especially those Texas Insurance Litigators who control the majority and are waiting for their take on the 15B in (SD) and/or Bonds.
________________________________
But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
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JPMC
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nova, first of all, this would take some research on a (DST) Delaware Statutory Trust. Second of all, this would also take a study of a former California, DB, JPM, and FDIC 65 billion dollar suit that was settled and then distributed along with a claim.
You would also have to understand that those investors who signed timely releases by 3/2012 own the former WaMu Estate as shown on the (ED) Effective Date of 3/19/2012 when the court signed off on the new plan. This court signature canceled ALL former preferred and common prospectuses as well as ALL associate documents.
When Amended POR 7 was signed by the court on February 23, 2012, William Kosturos was the DST Trustee. You would also have to know that nobody can own a Trust, thus BENEFICIAL RECIPIENTS of a DST would receive distributions however those distributions will not be sent to those investors who signed timely releases UNTIL THE ADMINISTRATIVE HOLD has been released by ALL PLAYERS including releases given to ALL PLAYERS such as the FDIC R and others. To date, this has not happened YET as proof the Receivership has not been resolved. So if you are looking for WaMu, WMI or similar as owners of a Trust, MBS, or other, YOU WILL NOT FIND.,
Before you reply with your one, two or three-liners, please do your research.
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Reiko, why do you say newflow is misrepresenting assets? Assets are assets whether retained or not. Obviously, the group that did the third party evaluation reported this to the court and it was sealed from view. Why? That should be self-explanatory. These assets could not be discussed in the active bk cases due to them being safe-harbor protected.
Now we cannot prove these assets were sealed from public view or reported to the court however, one can bet that the EC did their review and evaluation of the assets by a third party but whatever the results were, these results were not shown for public consumption and kept from viewing by those investors who signed timely releases by 3/212.
We have proven Safe Harbor assets are a reality now the question is will they transfer at some point to us...so, in my view, the answer is they absolutely will as we are riding the coattails of the multibillionaires awaiting their take as well. The actions show the Big Money Players know the time frame otherwise we would have seen adversarial litigation filed especially those Texas Insurance Litigators who control the majority and are waiting for their take on the 15B in (SD) and/or Bonds.
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But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
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