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2221, he may be right because of crooked accounting methods, but back in 08 when all assets were deprecated, would you have guessed that JPMORGAN stock was going to be $159 when it was trading at $19? No.
Would you have guested that Bank of America would be trading at $41 when on February 20th it hit a low of $2.53? No, we were told that we’re crazy, some wished me wrong and called me a Dreamer and Loser. My crazy as$ bought into them and now those that said I was a crazy loser are Broke.
So it may be real plausible that those MBS SECURITIES and Assets , would have appreciated in Value over the course of 13 years just like JPMorgan and Bank of America’s Assets did.
This is not over as you can see and read.
Still,
This happen back in the early 90’s. I remember it was an older Caucasian woman getting a large cup of coffee going drive thru and it spilled on her lap as she was driving off. The settlement was in the millions. It was big news at time.
Thank you, for the clarity, I appreciate it.
What is the underlying meaning of this “Coffee Lady” you guys keep mentioning? I’ve been wanting to know but never ask.
Yes I can recollect you mentioning it multiple times over the years.
Now you have your confirmation.
Pete, thank you, also we already got the short end and they’re using the long end to ram it up our anuses as they gift themselves more and more company shares yearly all the while we bicker, argue and moan among ourselves. They’ve had us preoccupied here while they transfer the wealth among themselves. We can only wait and see what the end may bring. Also , what can be done when they are protected? These Attorneys know what they’re doing. It’s their job and everyday business, a routine sort of speak. Remember they have Armies, better yet, Battalions of Attorneys and Attorneys to watch those Attorneys, etc. etc. Majority of them and our Government are Attorneys and they really can give two shieets about us. All we can do is wait and those who are intelligent enough will learn. I know I did. I even learn to admire them being a Capitalist myself. Well Executed Plan! I come from the Underground and adapt and learn when I see a Hustle. I too walked the streets in the Financial District. I didn’t want to be with the Upper Class men Brokers on Wall Street so I stayed on the side on William Street. Still we are one of the same. Also, after reading about Peter Freilinger it seems I’m no different and we’re about the same age. Maybe we even crossed paths around the block. I did make it into the lobby at 270 Park Ave and made the decision to walk out on my interview date. Go figure. Mark at S&P termed me one of a Kennedy’s Boys, after my Senator and in my Office I was known as Trinidad after the undefeated boxer at the time because I didn’t go down without a fight and I always Won. At the beginning I Commuted from Massachusetts broke stocks and commuted right back. Nothing will stop me but me. We are of a different Breed, Pete and I and even some here that won’t admit it. Like Peter, I too can be long winded and full of myself.
With the explanation Peter gave in Essence of Water, they already have it Pre Planned we just have to wait until they realize the actions taken to Harbor the assets.
Large,
The agreement may have been amended but for the Series R preferred shares were convertible any time at the holder's option into 47.0535 common shares of Washington Mutual Inc. an initial conversion price of $21.25 per common share. if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, ($48.875) the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation,
What’s interesting about that is that conversion rate brings the common shares back to the original authorized common shares approved before the merger.
I’m still looking for more information regarding the agreements of the 10 Million Preferred shares Mr.Cooper Group has in their Treasury.
Your more than welcome to chime in with any information.
Split, he also worked for JP Morgan before WAMU.
Bond, yes but if paid in form of a Dividend than it’s a 15%. It may have changed but last that I knew.
Newflow, “System Overload!” Lol
Thank you! For your Due Diligence and also sharing with the rest of us.
This gives us an understanding of the actions taken.
https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=01800910-14777737
Split, I have a whirl wind of emotions, warm and fuzzy followed by a chill down my back and butterflies in my stomach that are churning. I won’t count my chickens until the eggs hatch. Lol Also, is that last paragraph, is that from the same article? That give you and insight that we are dealing with wolves. Wolf killers, we are not. Simply we don’t have the power nor the money to go against them and win. So plan B it is, shave off the wool and get a wolf costume to disguise ourselves in their presence. Metaphorically speaking.
SplitT, He is correct it failed like it was designed to. Wiped out their debt, eliminated their liabilities, created a Tax Credit and now have what’s left which is the Accumulated Equity Interest. Perfectly Executed.
955, I mentioned this in one of my past post 667136 as key wording in part of the Agreement.Thank you for wording it to get the attention it has and bringing it back to light.
Thats exactly what they want to hear. He’ll no, after 13 years pay me in full.
Hotmeat, you are correct more information is needed but this “may” be the start. You and I both know we’re dealing with Professional Cons who have the Support of the Federal Government and Rigged the financial system to their benefits. They are professionals who have mastered the art of hiding Assets Legally in plain sight. Like I mention in past post, Legal “Thimble shilling in Corporate Form.”
Remember, month before the Bankruptcy the CEOs and Board Members transferred their Assets under their Spouse’s names in ”LIMITED LIABILITY TRUST,” assigned themselves as Chairmen and Treasurers to still be in control of their assets not to mention have Absolute Protection. They did it for themselves, what makes you think they didn’t already do it for the Company. They learned it from past Corporate Maneuvers. Duplication not Imitation.
assets of the Assets, are Not part of the Agreements!
Newsflow, this is a Great Find! Thank You! Thank you for sharing with us all!
To me, Jamie Lowballed WAMU on purpose to get out of the NDA Agreement and take the Inside information of WAMU’s books and used it to JPMORGAN’s Advantage. Use the Media to Spread Fictitious Lies and Badmouthed WAMU and Used Moody’s to Downgrade WAMU and used the Feds to do the Dirty Work and Confiscate WAMU and Sell WAMU in a Secret Auction. That is after he convince(or Threatened) other Banking Institutions to Stand Down.
Boris, also he’ll go to his grave happy and rich. Not to mention, he’ll go happy and satisfied that he created Generational Wealthfor his Family and Friends. We’re just Casualties of The Economic Game.
Jamie Dimon can care less of thousands of people. He only cares of JP Morgan, His Fed Friends and Himself. We are NOT even a Blip in His RADAR!
That too was Odd. Not to mention Controlling. Makes you wonder, WHO’S THE MOLE OR MOLES! Apparently they control the board and have Administrative Power.
XOOM, one thing that stood out to me was the time the filing was released at 3 AM a may be nothing but in a the years I can’t recall one that early that did not have any significance.
It was a long time ago but it was posted multiple times by you and maybe a few hundred times by Large. One of the first things I look for every time I log in.
I’m just glad to be on the same road as them and will be happier when we reach the Destination.
Too funny. No that can’t be possible. Maybe if you heeded the advice and read the filings and agreements you wouldn’t be asking for an explanation. Let alone dismissing the possible future actions.
What would be the first thing Attorneys do when looking into Merging a Company? Know what Assets they own, the Value of those Assets and how much the Merger is going to Profit from those Assets when the Merger is Complete and you really think that the CEO did not know what was being Merged. That the information was kept away from the Board Members and there really was a Chinese Wall between Attorneys and Attorneys only.
Question: Ok so when you’re looking into possibly buying a Vintage Mercedes, do you not ask what perks and options come in the Mercedes? Has it been in an Accident and if so what would be the depreciation of Value, if it was and if it wasn’t what would be the Appreciation of value? No! You would do your homework or Due Diligence. Now if that’s your way of operating that you would be a Fool to Invest without knowing.
We can keep it with Stocks, do you invest in a company because you believed the Narrative or do you Look into the Accounting? That’s one of Warren’s Best Advice.
Bbanbob, I remember all to well. It’s good to keep your receipts.
Not to mention, Large only posted it a couples of times. Lol
Thanks Bbanbob.
Thanks again Chaarles, I really appreciate you taking the time and typing out all of this useful information. I read and read and reread it again just to memorize it. So I can have a better understanding of it all. Good Fortune to you.
Take care and stay safe.
What I’m asking myself is, why are they selling? Is it because the Company is Buying? Less stocks the Company needs to Reissue? Inside information of a Dip in share price? Last week I heard from a Source that there is going to be another shut down in September or October. At first I thought nothing of it but with Jay’s time frame of selling in September it makes me wonder that may be some truth.
Good night to you too.
Good afternoon SplitT, this has been a real interesting read. I’ve been at it since yesterday. They are Masters at hiding the sausage in plain sigh, just well camouflage. What comes to my mind is “Project Eclipse.”
Obscure to or from another.
Chaarles, I was confused as to why I didn’t read this before but I noticed that this agreement compared to the February filing of the agreement is more detailed.
You are also correct maybe even longer. They have all the time in the world and their Corporations are not going anywhere, but unfortunately we are limited with ours. You and your family be careful and stay safe because that disrupter is nothing to play with and it does not discriminate.
You’re welcome and you are correct it’s very informative. I should have taken the time to read the whole thing sooner but thanks to your direct to point lead. I read article 10 and started from the beginning again. I had glance and read the beginning but not as thorough as I am now. Thaaank You! Good Fortune to Us.
THANK YOU FOR THE MESSAGE, YES AND GOOD LUCK TO US.
If it was possible I would gladly take them off his hands at the price he paid for them.
Thank you Chaarles, you are correct a lot of interesting wording. ,
No money from WMB, but Assets consisting of Equity Interest in WMI Investments Corp and by Coincidence there is an Active WMI Investment L..LC. and WMI Land Investment L.L.C.
MAYBE THAT SECOND INTERNAL MERGER (Merger 2) WAS WITH WMI INVESTMENT L.L.C. NOT NATION STAT L.L.C.
Bbanbob, I agree with your sentiments. For me to be alarmed there has to be multiple shareholders in addition to the CEO, for me to be alarmed and Bail Out as well.
Rumor has it, that he needed the money to fund his Life Long Dream of going to Sri Lanka and circumcising Elephants. So I heard.
Royal, how is this form connected to Mr. Cooper? Can you elaborate? All I see is a blank Form.
No Company Information that Identifies MR COOPER GROUP as the Filer. I may be completely wrong but this looks like a Template.
DISCLAIMER: I’m not trying to argue or offend you. I’m just trying to understand and comprehend.
Thank you in advance,
Badger.