This Conversation Makes No Sense!!!

I read the whole thread!

Just creating fictitious fear for no reason.


Totally worthless waste of time, or please better explain what and why regarding the origin of the claim?




Ron

My Transition to Schwab was Full Successful.

Full historical data as TD Statements provided.
I see all my past history of WMI and Lehman’s.



Ron

WMI and The FDIC’s Numbers.

Not mine.
I just read the documents, and pay close attention to the numbers.

The difference is basically the $7.9 Billion JPM paid back to WMI for the $4 Billion TPS Exchange Event and ~$3.9 Billion for the Turnover settlement.

Therefore; WMI and the FDIC numbers are correct.
Me?
I’m just reporting their numbers.


It takes a lot of time and expertise to build up a customer base of $189 Billion in deposits. That is part of the business. Both WMI and the FDIC agreed on the numbers.

Plus, WMB was solvent and JPM was insolvent.
JPM’s own 2008 10-K Report reported the TEIR 1 numbers for both Banks.
WMB; 7.9 after the’Bank Run’.
JPM; 3.5.

CWG; your discussion/argument isn’t about me.

Please go tell the FDIC that the FDIC’s numbers are wrong!?!?

“$299 Billion for WMB and it’s assets”.



Ron

And The View Will Be the Same,

For other Credit Derivatives Settlements distributions to others like Vue.

WMI/WMB are major players as recipients regarding both LIBOR and other Derivatives settlements.


The Money is Overdue.

Question to the MB;
What is the current Derivative Market Notables in the market?

I have posted last year’s numbers.
And no one responded…



Ron

“Willful Misconduct” is the Polite Legal Term for Civil RICO.

The Equity classes released JPM for “Willful Misconduct” as stated in the 41.6 release form associated with the W-9 and signature.

Yes JPM settled the RICO charge with the terms in the GSA in BK Court based on the ruling in the DC District Court.

The ‘in my opinion’ from the documents is that the parties agreed to not publicize the RICO charge, and JPM would pay book value plus a multiple for WMB and it’s assets. The FDIC is establishing book value.

The public RICO charge for JPM would have been devastating for JPM.

$307 Billion, me? I’m just stating that WMI sued the FDIC for. Not my numbers.

Current number is ~$299 Billion according to the FDIC.



Ron

That is Why The Goobermint Needs new Revenue!

The IRS needs new revenue to feed the‘game’.


Ron

41.6 is The Proof.

We released JPM for “Willful Misconduct” with our signed W-9.

The IRS is awaiting your taxation. The goobermint needs the money.

72% smiles :)



Ron

Yes, Class 17 WMB claims were waived of due to 510(b).

Two reasons;
• 510(b) is an over funded claim. The money retuning to the WMI Estate is greater than Class 17’s claims.

• Class 17’s claim is to be satisfied by JPM, not WMI.

Therefore “Class 17 WMB claims were waived of due to 510(b)”.

True statement!!!

All claimants have been satisfied, or have a method to be satisfied.



Ron

When Ever I Read about;

Credit Derivatives Settlements I’m happy.

The 2008 Credit Crisis was all about the Derivative Market Meltdown, and currency manipulation driving down the LIBOR rate that the contract writer would have to pay the insured.
The FDIC has sued the Big Banks on WMB and other banks behalf.

The LIBOR Docket almost never speaks of the CMO/CDS derivative contracts LIBOR interest rate adjustment’s being settled.

I see it as a good thing that Credit Derivative Settlements distributions are taking place.




Ron

510(b)? Please Tell Me!

Your answer?
Please tell us about 510(b).

Yes I have told the meaning of 510(b) to both MB’s many times.



Ron

Correction; 510(b) and the WMB Notes are Class 17.

Class 18; Dimes settlement.


…
What is 510(b)?
I have posted the answers many times on BP and here.



Plan 6 AAOC Trust tried to hide the sausage.
But The Equity Community Presentation proved the available assets to the Court to satisfy all creditors.
That happened.
~$33B in assets available.
~$8B outstanding liabilities
~$25B remaining.
$20.78B became the Retained Earnings in the February MOR.
All Top of Table for all to see to please the Court.
75/25.
Placed into Treasury Notes as stated by Rosen.

Class 19 satisfied by WMI.

I have not seen a reason to adjust my numbers or opinion by any poster

Please give me a reason.



Ron

More OTC Derivatives Settlements.

3721
09/01/2023
MEMO ENDORSEMENT on re: (3720 in 1:11-md-02262-NRB, 618 in 1:11-cv-05450-NRB) Letter, filed by Mayor and City Council of Baltimore. ENDORSEMENT: Application granted. SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 9/1/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB.

3720
08/31/2023
LETTER addressed to Judge Naomi Reice Buchwald from Michael D. Hausfeld dated 8/31/2023 re: requesting the Courts approval of attached letter agreement by OTC Plaintiffs and Deutsche Bank. Document filed by Mayor and City Council of Baltimore. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB.

More derivative settlements.
The 2008 Credit Crisis was the Derivative Market that insured the ABS Certs.



Ron

How About a Direct Link to the Registrant.

Or a ticker symbol.



TIA,
Ron

Exhibit H Changed Between Plans 6 vs. 7.

Why?

I don’t believe that you know what changed, or why!

The GSA was created before Plan 6, and is part of both Plans. So are other agreements and Stipulations.

Many ‘things’ carry through.
BBob please tell us about 510(b). I’m sure that you have an opinion.
Newflow; what have I said 510(b) was on BP?


510(b) belongs to Class 22.



Ron

510(b) is In Class 18 in Plan 7.

Along with the WMB Notes!
Why would that be?

Remember Exhibit H?
What changed between Plans 6 vs. 7?



Ron

So I Guess Everyone Understands 510(b)!

No comments, questions?!

I very much doubt the mb understands 510(b).

What is unique about Class 18, and 510(b)?

I have answered this question in many posts back when I was on BP.



Ron

Answer; Class 18.

WMB Notes are JPM’s responsibility and not WMI’s problem.

510(b).



Ron

What PDF Page from the Document is This?

Please give us the PDF page number so we can read it for ourselves.

This is a very large document with sub-documents.

Did you read PDF page 150? Where the Equity Community requested control of the existing Liquidating Trust during the Plan 6 hearings?



TIA,
Ron

Please see PDF 150.

http://wmish.com/docs/transcripts/2010.12.07%20Transcript.pdf



Ron

The GSA Was Established Before The Creation of Plan 6.

So yea, agreements and provisions carry forward.

The Equity Community requested, and was granted control of the Plan 6 Liquidating Trust.



Ron

Please Prove WMB’s Liabilities Outstanding?

The FDIC has never discussed the liabilities of WMB other than the WMB Bank Notes.
Yes WMI sued the FDIC for $307.2 Billion.
Documented!

Conciser this regarding WMB’s liabilities;
The FDIC has sued the big banks regarding LIBOR on WMB’s behalf.

The ABS are all insured by Derivatives as required by the Prospectus of the ABS Offerings.



Ron

So You Proved Me Right!

And the original litigation against the FDIC is correct?!

….
“$299 Billion for WMB and it’s Assets “.
Not my numbers.
Documented!


Ron

Prove it!

I know that you can’t prove me wrong.

I know the numbers.



Ron

So Bop, The JPM Representative is Lowering the WMB Valuation?!

Yes Bop has/is working with JPM.

Dr. A’s numbers are based on the revenue steam of WMB banking system, not the total performing assets of the total corporation of this sub of WMI.

WMI sued the FDIC for $307 Billion, JPM paid for assets received. The FDIC adjusted the numbers to $299 Billion.
The numbers work!!
Not my numbers!!
All documented!



Ron

No Response AZ, LG???

Why because I’m right!
Fully Correct!?

AZ, you and I both posted numerous times in regards to the WMIIC first-First Filing.
Stu (Stew) locked down all discussion regarding WMIIC assets with that filing.


Yes AAOC created the Plan 6 Trust that the Equity Community requested control over.
That control of the Plan 6 Trust was approved.
Did you read the documents that I posted?
Proven!

The Plan 7 LT was only about paying off the Creditors as required by bankruptcy law.
DONE!

Same for Series R performance payments.
AZ you gave me the next set of Series R payout and date. I then used Mathematics to calculate the Series R Performance Payments.
2.1X, with ~2.5X from 75/25.
Proven!



Prove me wrong?!
Ron

Retained Earnings vs. Retained Assets.

Retained Earnings;
Parker referenced the $30 Billion.
The $25-$30 is well documented in the Equity Community Presentation. The assets and their valuation is tabulated for all to see.

Retained Assets;
Even the Examiner Report was bared from discussing the ABS Trusts held in WMIIC.
WMIIC was off limits. Stu sealed the WMIIC bankruptcy with the first-First filing!
Only Stu, the Judge, and Rosen could see what was in WMIIC.

Other Assets;
WMI receivership claim against the FDIC.
…



Ron

?? Is Your WMI DST Plan 6 or Plan 7??

Do you have a way of knowing?

Does Plan 6 need to be a DST?
The AAOC Plan 6 Liquidating Trust was only lightly discussed in court.

Plan 6 LT hind the assets of WMI.
Plan 7 paid off the Creditors.
Retained Earnings will pay off the Class 19 Preferred with a great Bonus as agreed to in Plan 7.
The 75/25% ends with the Retained Earnings.
Documented.
February MOR!
As I said; Series R: +~4.6X!!
Why are you complaining??



Ron

I Have Not Seen nor Receive a Reasonable Rebuttal to My Position.

Yes the Equity Community Presentation proved the WMI ~$25 Billion in assets that AAOC was hiding from the Equity Community.
Documented, Presented, Proven!
Of which $20.78 Billion was placed into Treasury Notes. Now valued around $25 Billion.
It’s in the court transcript.

The Retained Earnings court discussion was all related to the 75/25% discussion.
The Retained Earnings is the end of the 75/25 split.
Preferred Classes satisfied.
Everything else belongs to Class 22.


The Equity Community Presentation was successful in the court granting the Equity Community control of the AAOC Plan 6 Liquidating Trust.
The court granted the Equity Community’s request.
Yes there is a Plan 6 Liquidating Trust!
The Transcripts!! I even gave the PDF page number.


It’s all about property rights.
Proven;
Series R; ~2.5X + 2.1X
I have proven the 2.1X performance payments with links.


TPS’s $4 Billion is greatly satisfied at +~2.5X
Series K; LIBOR will again satisfy their claim with the ~2.5X.



I have proven myself right.
Prove me wrong!
Ron

TD > Schwab.

Just login to your TD account and follow the instructions to create your new Schwab log-in.

Be username and password ready.

My instructions informed my that the transition would be over the three day Labor Day Holiday.
My Schwab account would be active September 5th.



Ron

Which Liquidating Trust?

BARD didn’t define which Plan the LT is associated with the MBS.


These MBS would not be Plan 7 LT property because Plan 7 LT was only created to pay the Creditors as required by the BK Court.
The Creditors have been paid.
DONE.

The AAOC Plan 6 Liquidating Trust was created to hide the assets from other parties(Equity).

MBS?
Hint; WMIIC!



Ron

Document 5885 Footnote 2, 5AT.

One of my favorite documents.


A KCC site document!
How?


The final valuation of WMB has not been determined by the FDIC, yet!!!

Last Current FDIC valuation for WMB and it’s assets is $299 Billion.
Now add more for LIBOR settlements from ABS derivative settlements.



Ron

• Other Assets

Anyone a link for the Washington Mutual Investment Fund created in the 1950’s?

In the 1950’s, Washington Mutual was a Private company.
Some of you might figure out where I’m going with this.
Hard Assets!
:)
;)



Ron

Released WMI Equity Holders Assets,

are the owners of the AAOC Plan 6 Liquidating Trust.

The document you referenced is only in regards to the Plan 7’s need to pay Creditors.
DONE.

The Retained Earnings needs to be released to the Equity Classes 75/25.
~Plan 6.5.~
The Equity Community had the funds invested in Treasury Notes before Plan 7.


Assets of AAOC Plan 6;
• WMI Receivership claim for WMB, Class 22.
• WMI Certs ownerships in ABS, Class 22.
• Performance Payments from Preferred Funding. 2.1X to Series R. Series K benefits from LIBOR resettlements.
• Other assets, Class 22.
AAOC would have been the beneficiary of all Equity Class assets from the Plan 6.

The Equity Community requested, and was granted control of the Plan 6 Liquidating Trust.

All proven with Documentation.
Not my fault that you didn’t read it!!


Ron

Poor Research Skills.

The Statement is TRUE.



Ron

LIBOR Must Be Resolving.

FNMA has doubled the four days.

Any confirmation from Lehman’s?

We four; WMI/WMB, Lehman’s, FNMA, FMCC and a few others are all dependent on the LIBOR Derivative CDO/CMO/CDS Court resolution for payments back to the ABS/RMBS/MBS Trusts.

The Derivative Market is a stealth market place. That is why the Court never refers to the Derivatives directly.

COOP isn’t coupled to the LIBOR case because COOP is only a Mortgage collection service.



Ron

I Basically Agree on the LIBOR Issue.

ABS; ASSETS BACKED SECURITIES, the general term for RMBS, Credit Cards, and the like....

Many/most ABS are LIBOR interest rates dependent.


JPM and the other large banks like BofA manipulated the LIBOR interest rates down using currency fraud to reduce Derivative Insurance payment rates covering the ABS.

Please remember that the FDIC sued/is suing the Big Banks for Currency manipulation on WMB’s behalf.

SS; “a matter of ‘Rule of Law’”


https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262


No need for Escrow shares, or new Preferred shares because we signed form W-9.
The IRS is now on our side. Well sort of.


Bop hyperboles too much.



Ron

COOP $50 PPS Has Nothing to do With WMI History.

Please stop the $50. PPS BS for a WMI Event.

The document being referenced in the $50 PPS discussion was discussing the PIER’s maturity strike price, and a means to advance the maturity date of the PIER, Series H.

If the Series H, the PIER’s remains above the $50 maturity level for the required time, the Series H would mature early.
That’s it, end of discussion.
DONE.

Remember the 12/1 reverse split?
The WMI/WMIH PPS is a long way from $50.

Face it, it doesn’t make sense.
I read the document.
Prove me wrong!

Have fun,
I’m Right.



Ron

41.6 Has Nothing to Do With Class Impairments.

My W-9 release is all about having a FDIC claim for WMB assets, and WMI assets.
The term ‘impaired’ doesn’t apply to commons, voting rights.

Commons got more than wet.
Impaired???

41.6 is all about Project West, “Willful Misconduct” release of JPM ‘s BOD for civil RICO.

The Civil RICO “Willful Misconduct” release is still pending because the payment hasn’t been paid yet.

JPM’s executives are still exposed to litigation and criminal liability/penalties.

NO PAYMENT, NO RELEASE!!

Try Again!

5885, fn-2.
5AT.



Ron

The Community Reinvestment Act Forced the Banks Hand.

The CRA Litigation was in the late 1990’s(1998ish).

The CRA required the banks to make loans to those who did not meet the requirements.

To protect the WMI Enterprise. WMI/WMB moved the Mortgage Portfolio off the books and onto Trusts.

RMBS/ABS was sold into the market place and Insured by CDS/CMO from the Derivative Market.
Much of that market was LIBOR based.

Resolution is currently being resolved.



Ron

Tolling Agreements Supersede SOL.



Ron