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I contacted him way back in Feb/March and asked him whether i could share the info with the forum.He said they could contact him directly instead of me sharing whatever communication i had with him,probably he did not want to hear too many questions,I dont know.
Bob 240million only for KKR,citi..etc if i am not wrong.For old WMI shareholders atleast 1.2B and for preferreds same as the conversion happened initially IMHO.That all equates to around 2 or 2.2B shares outstanding.AJMHO.
Remember, i provided the contact info, i was asked not to share with other holders except the contact email.
WMIH has to issue around 240million shares for all preferreds,notes converted to commons if i am not wrong.Some where it was mentioned long time ago.
He said he could answer instead of me sharing the info.
Jim, before Plan 3, Cts had prospectus.They can't just get rid of the debt and issue shares to former employees including Dick Fuld.They know better than me anyway, but debt has priority over equity.IMHO, the claims allowed should be paid,eventually.Matter of time bro, i dont care how they circulate the cash in BK.
$55B NOL
It has to survive, equity should get 51% or 49%, if equity has to survive debt needs to be satisfied whether sr or subordinated.
Contact gary.bush@bnymellon.com with your questions.
55. I did not receive a distribution in the prior distributions because my claim was not allowed
at the time, but now my claim was allowed prior to the thirteenth distribution. How much
will I receive in the thirteenth distribution?
If your claim was not allowed during the prior distributions, but is allowed prior to September 8,
2017, and you submit properly completed tax and OFAC forms prior to the September 8, 2017
deadline, you will receive all distribution payments on or around October 5, 2017. In addition, you
may be entitled to interest on the prior distributions from the initial distribution date of April 17,
2012 in accordance with the terms of the Plan.
How about CT claims?.The claims were allowed, but not paid,right?.Are we going to receive distributions?
From latest FAQ
http://dm.epiq11.com/#/case/LBH/info
Oh yeah?
Ron the case was WMI vs FDIC, WMB debt holders intervened FYI and Judge agreed.They did the same with DB vs FDIC,Hughes Hubbard and Wilmer Cutler were the reps.However we tweak a two page document, any party could sue anyone if that matter is not covered in GSA.Are you the same old Ron?.If so, i like you bro.
THOUGHTS OF ONLY COMMONS DISTRIBUTION FROM FDIC
In response to WMI's claim filed against FDIC, FDIC responded 1821...etc rule was to apply in distribution priorities.I never seen preferreds in that priority.Only debt claims and equity of the holding company claims were in the priority.
I did have around 1500Ps, around 33000Ks and some commons.What do you think?.I do not think FDIC distributes anything to preferreds if it follows the distribution priority,JIMHO.
Didn't the CEO mention in the SH meeting that certainly they were not looking into Banks?.
WMI et.al vs FDIC STIPULATED TO DISMISSED WITH PREJUDICE TO REFILING THE SAME
SIGNED ON MARCH 21,2012
Did you read the filing?.
Read the filing first before pushing out the definitions.
BOB WMI et.al vs FDIC STIPULATED TO DISMISSED WITH PREJUDICE TO REFILING THE SAME
1st pdf in the middle of the page
STIPULATION AND ORDER OF DISMISSAL WITH PREJUDICE. Signed by Judge Rosemary M. Collyer on March 21, 2012
https://www.plainsite.org/dockets/mj2e06pr/district-of-columbia-district-court/washington-mutual-inc-et-al-v-federal-deposit-insurance-corporation/
Looks like everything is a done deal, FDIC has to fulfill its duties to WMI estate and the case is near the end.If those duties are not fulfilled as in agreements, WMI may reopen the case if i understand the stipulation correctly.
FORTUNE MAGAZINE FRONT PAGE ABOUT BLOCKCHAIN
https://www.magazines.com/fortune-magazine.html?affiliate_id=20337&cvosrc=ppc.google.shopping&gclid=EAIaIQobChMIk-yKreqZ1gIVAm5-Ch1h_QOxEAYYAiABEgL_mvD_BwE
A LEGAL BENEFIT DOES NOT SOUND LIKE GETTING CASH
A legal benefit of 645mm in Corporate related to a settlement with the FDIC receivership for Washington Mutual and with Deutsche Bank as trustee to certain Washington Mutual trusts
IMHO, reduce the amount from JPM payments to FDIC.Makes sense.
Where is WMI vs FDIC Ron?.Thanks.
I see DB track separate from BK track.
If WMI vs FDIC closes for good,we might see final payments/distributions from FDIC.
But WMILT track is separate and nothing to do with DB IMHO.
HEY BOB Chuckles BR IS BACK
He can't leave this...LOL
http://www.kccllc.net/wamu/document/0812229170908000000000001
WHAT ABOUT THE TITLE - PRIOR PREDICTIONS
What is this about?.Its like a headless man.No title?.
Do you remember Maria Cantwell?. Kirstin Grind?....MW ?
I agree with you and i did not say that he is JUST any other politician, but sure he is one of the politicians.I dont say whether he is good or bad, i dont know him on any level.But i take your words, he may be a good politician.
Dont know yet.But these claims have to be addressed or settled before class 19 and 22 see any thing IMHO.It could happen in 2017 or 2018 it all depends on WMILT.Its time is ending in March 2018,they were allowed to a max of 6 yrs,we will see whether they file for extension or not.I know they put employee claims on stay thru Sept 2018 if i am not wrong, dont know why.
Coordinated Effort LOL
Thanks Bob, Mr.Coburn is just one of the politicians.
Mr.Obama could have done better looking into financial crimes of 2008.No, no cases were brought into fruition against any CEOs.
Look at Equifax, they managed to sell their shares before revealing the data breach to public.They failed miserably in protecting customers information.They should be sent to jail so that others can stop doing the same and take precautions to take care of the data breaches.Why hire some firm after the data breach, why not before it happens?.
FDIC IG investigated WAMU saga and they did not look into details ,you know why?.Because there was no burden to FDIC.LOL.How easy it is?.FBI did some investigation immediately after the seizure and found nothing?.Project West was mentioned clearly in court,but nothing happened?.
IMHO 5 things should be addressed before Classes 19 and Classes 22
1. Class 16
2. Class 17, certain claims have been negotiated or rejected
3. Class 18 unsecured(uncertain as of now)
4. Mortgage-Pass through issues.
5. Employee claims
Unless these 5 issues get addressed, IMHO we have to wait.Sad saga, involvement of deep pockets and some very bad insiders.
BROKEN HEART OR BRAVE HEART?
This is good that DB case is settled ,JPM is free,FDIC might start distributions pretty soon IMHO.Big hurdle is gone, we have to wait and see whether capital contributions claims of WMI are settled or not.The case WMI vs FDIC has to close in my opinion to start seeing FDIC payments.Lets see what THJ-RMC says.
AHMANSON OBLIGATION COMPANY & OTHER STUFF
AHMANSON DEVELOPMENTS, INC
AHMANSON INSURANCE, INC
Ahmanson Obligation Comapny is merged into AOC LLC
AHMANSON RESIDENTIAL DEVELOPMENT OWNS AHMANSON RSIDENTIAL 2
All are under WAMU 1031 finally IMHO.
--------------
IN 2016 the following entities are merged into FA-OUT OF STATE HOLDINGS operated by JPM.Dont know why they took such a long time.But imho, all these are subsidiaries of WMI.
AHMANSON LAND COMPANY,AHMANSON MARKETING,INC,FA California Aircraft Holdings,Irvine Corporate Center,110 East 42nd operating company
$20 billion in assets were contested
Status of Washington Mutual Bank Receivership
On September 25, 2008, the Federal Deposit Insurance Corporation was appointed the Receiver for Washington Mutual Bank ("WAMU"). The Receiver transferred substantially all WAMU's assets and liabilities to JPMorgan Chase ("JPMC") pursuant to a Purchase and Assumption Agreement dated September 25, 2008 - PDF ("P&A Agreement"). The next day, Washington Mutual Inc. ("WMI"), the holding company for WAMU, filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware (assigned to Judge Mary F. Walrath). Thereafter, WMI, JPMC, the FDIC, in its Corporate capacity, and the Receiver became involved in several lawsuits contesting the ownership of over $20 billion in assets.
Only 6.5B was paid to debt in WMI.What happened to the missing Billions(just talking about contested assets of atleast $14B),rest we know.
https://www.fdic.gov/bank/individual/failed/wamu_settlement.html
Its a misdirection Bob IMHO.Its not a 1031 exchange as the name suggests.Its all old assets all bundled up into wamu 1031 exchange operates from 9200 oakdale avenue chatsworth ca 91311 now. Actual wamu 1031 exchange patents and property were sold or transferred to
http://assignments.uspto.gov/assignments/assignment-tm-5350-0630.pdf
http://www.downstreamexchange.com/1031-articles/guru-of-exchange.aspx
As per plan WMILT assets never come back to WMIH,unless they sell to WMIH.
Is that joke bro?.Seriously. FOIA FDIC, they might give a clue.
Now Oct 15 - Oct 31st and beyond?
3.1 Closing. Unless this Agreement shall have been terminated or the transactions herein
contemplated shall have been abandoned pursuant to Article VIII hereof, the closing of the transactions
contemplated herein (the "Closing") shall take place at noon (eastern daylight time) on October 15, 2017
(the "Scheduled Closing Date"), and in all events on or before noon (eastern daylight time) on October 31, 2017,
the final deadline for Closing (unless another time or date is agreed to in writing by the parties).
The Closing shall be held at the offices of Seller, or at such other location as may be mutually agreed in writing by the parties.
The Closing shall be deemed effective as of 12:01 a.m. (eastern daylight time) on the Closing Date (the "Effective Time").
The FDIC has taken the position that no payments will be made from the
Receivership Estate until all of the Trusts’ and JPMC’s indemnity claims against the
Receivership Estate and the FDIC-Receiver are resolved.
I see light at the end of the tunnel.
Page 100/184
http://www.globic.com/wamurmbssettlement/pdfs/3.%202017%2004%2028%20FILED%20WAMU%20TIP%20Decl%20of%20Robert%20Stevens%20re%20Notice%20to%20DTC%20of%201%20Complex%20Designation,%202%20Notice%20of%20Hearing%20Date,%203%20Civil%20Complex.pdf
Jutice... no. "WaMu 1031 Exchange is still a subsidiary of WMIH." is not.
Some assets were transferred to WMILT, these are under the control of WMILT.Check the "SI-COMPLETE" documents in the list of all, you would see the management team and who controls what.
7. CHIEF EXECUTIVE OFFICER/ ADDRESS CITY STATE ZIP CODE
William Kosturos
8. SECRETARY ADDRESS CITY STATE ZIP CODE
Charles Smith
9. CHIEF FINANCIAL OFFICER/ ADDRESS CITY STATE ZIP CODE
Doreen Logan
Names and Complete Addresses of All Directors, Including Directors Who are Also Officers (The corporation must have at least one
director. Attach additional pages, if necessary.)
10. NAME ADDRESS CITY STATE ZIP CODE
CUrt Bruower
11. NAME ADDRESS CITY STATE ZIP CODE
Doreen Logan
12. NAME ADDRESS CITY STATE ZIP CODE
Charles Smith
13. NUMBER OF VACANCIES ON THE BOARD OF DIRECTORS, IF ANY:
And in the first MERGER 6/29/2016 document, PAGE 1, under RECITALS point # B, it clearly stated
"Corporation is a california corporation.All of capital stock of corporation issued and outstanding on the date hereof are held beneficially and of record by WMI Liquidating Trust (sole shareholder)