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This is gonna be fun to watch.
If you got 8k per P you wouldn't be happy?
Most would walk away and say thanks Libor, going to buy a new vacation home today.
Of course we want our assets.....but 8k per P is lifechanging.
Thanks milkduds, good find.
It may not take much longer. But if indeed the FDIC is seeking 400B, that is of course massive so it may take a few months yet.
How much of that is Wamu....I cant imagine Indys is all that much. FDIC will take the majority of the settlement, corrupt as they are.
But if 80B is coming back to us that is yuge. I think most would be happy with that! And JPM would be as well because people would be satisfied and that would allow them to keep the assets. Maybe.
So much corruption.
Libor is almost done. I think it will be over by EOY.
Relax. Good things on the way.
Enjoy riding those coattails.
Nothing happens until LIBOR is done.
I don't agree that escrows get paid this month, unless LIBOR settles. That is the key, believe it or not. How much we get in that settlement is unclear. BP seems to agree $80B is ours. I doubt that, though of course I'd take it! My guess is much less than that due to the corruption we are up against with the FDIC. But that opens the door to the big money. The hedgies are waiting with us. Don't for a minute think they aren't expecting something big or there wouldve been lawsuits LONG AGO. And why oh why did the UWs send lawyers to her hearing? Anyone who disagrees with payments forthcoming to escrows have an answer to this UW event? Haha. Thought not!
Bob nobody knows for sure except......
The hedgies and UWs. Their silence is deafening. When you have doubts remember that. And remember their court appearance at Alices "meaningless hearing".
So some here think the big boys just walked away thinking oh well, so we lost billions, so what.
Ha!!!
Bob nobody knows for sure except......
The hedgies and UWs. Their silence is deafening. When you have doubts remember that. And remember their court appearance at Alices "meaningless hearing".
So some here think the big boys just walked away thinking oh well, so we lost billions, so what.
Ha!!!
LOL. Spinning and twisting in the wind of escrow reality.
Yeah right!
It's all in the historical records but it means nothing because they were cancelled.
Too funny. You guys really crack me up!!!
LOL. Spinning and twisting in the wind of escrow reality.
Yeah right!
It's all in the historical records but it means nothing because they were cancelled.
Too funny. You guys really crack me up!!!
Bet they wanted to give Schwab time to transition all accounts and work out any bugs. Makes sense they needed more time. Now we need LIBOR to resolve. Any day now.
Mine too Ron. Guess those escrows didn't get deleted huh? LOL
Tried to tell everyone. But did they listen? Some did...at least those who had them to begin with.
LIBOR winding down so expect the unexpected. Now the FDIC wants 400B. How much of that is for Wamu, who knows.
Word is somewhere around 80B.
If JPM is indeed responsible for the bonds, 80B goes to the shareholders.
Once LIBOR is done the FDICR can close. Thats where the big money is most likely.
Seems like they want to close all this out quickly, maybe to infuse cash into this horrific economy. Elections are coming.
So who the f knows? LIBOR is the next tell.
Then, will JPM issue stock instead of cash? Will they issue new Ps for old? Will COOP issue Ps for assets? Is the 15 yr statute a factor? Are the hedgies ready to sue if payment does not happen now?
So many interesting things on the horizon.
Lettuce pray.
What is this? A jagoff?
You Pittsburgh people know what Im sayin.
Yinz can do don air to pants n at to get some new jeans and go don air ta see Dawney Iris play Renegade after the Stillers game don air.
Go escrows!
You may be right, you may be wrong.
Nobody knows for sure. That is fact.
I believe we will receive a distribution from Libor soon.
After thats lets see what happens.
Remember that movie,
THE SILENCE OF THE HEDGIES?
You should print out your escrow historical records for your files, However....its not necessary. Computershare and kcc have all escrow retail and institutional records on file.
If there are disbursements you will get them automatically.
I kept printouts....I have large positions. But truly it is not necessary. They know who we are and where we live!
JPM will have large numbers of new millionaire accounts.
TDA to Schwab. Have 2 more days to set up your acct.
Simple. Set up new login and password, plus confirmation info.
Then your new account is complete and ready to receive any applicable escrow returns.
LIBOR is close now.
Think abundance. Vacation home, new boat, hot Russian wife, or my preferreds....help those in need and animal rescues.
No Ron, that 80B is just the preliminary payment . She still believes AS US THAT IT WILL BE 600-800B. But that remainder could take some time.
Escrows are not gone. Just called something else. They are all in the historical records. We will know what they are going to call them soon when they make payment. My guess on the Ps is that we will have new Ps issued. We shall see. Nobody knows for sure what and when.
Yes, Dimon and Bair are brutal and will pay their price for what they did to the shareholders and employees someday when they get their life review in the great beyond. But the hedgies are steadfast in their resolve. No worries here. We will prevail.
Bop is quite confident in 80B. Hope she is right.
Look, many including me have theories. But...she is an actual BK lawyer, and she has worked for JPM so she does have more connections than any of us.
Time will tell.
How much longer can they get away with these stall tactics on payment to escrows?
I say once the 15 yr statute passes and non releasers and employees can no longer contest disbursements, the hedgies will sic em. They will start to file suits right after so my guess is Sept is going to prove to be a very interesting month.
I am starting to use the ignore feature after many suggested it to me......and it is wonderful not to see the trash of lodass and his like minded followers. Bu bye!
The board is so much better without vermin.
I suggest others do the same. Its wonderful now.
Btw I hate the new beta format. Awful and cumbersome to read. The classic view is way better. If ihub does away with the classic version I am outta here!
lodass, you are hated here. You have no worldly purpose. Just a very sad pitiful old soul, here to torment others. What a miserable existence.
80B is coming so get over it.
Those who laugh last laugh best. Call me and I'll buy you losers lunch. 643-365-7681
Or dial 1800LOSER
Re: Libor, I think .2 -.4 par prevailing wisdom.
It may not be a huge amount of money from Libor, but 400 per P is a nice start. Could be much more but 400 is nothing to sneeze at. Qs would only get a buck or less. Libor wrap up will happen soon.
The FDIC is hoping for 400B but likely won't get it. If they are on the hook to pay escrows they are looking for a way to do it without dipping into their coffers. Very corrupt agency.
BP is all abuzz about new escrows coming. Lets hope we are right.
And COOP issuing new Ps for any assets required makes sense. Some would just cash out but some would hold their Ps and Qs...
Or do a mix.
Libor could be our key to the kingdom.
CSNY/Alice Griffin, Bankruptcy Attorney - I can't disclose any more. Suffice it to say I related much of what I was told, and I believe what I was told was accurate.
That said, and despite the fact that WMI's claim to the assets was unassailable, I was cynical about timing. To people here, the SNs and major banks (e.g., Jamie Dimon (I believe he and, possibly his lieutenants, bought WMI securities before the release deadline in 2012)) seem omnipotent, but I never believed that. I kept it to myself, but hoped rather than believed distribution was 'imminent'.
At this point, my surmise is the players have threatened anyone found to leak anything with professional ruin. Anyone who knows anything is paranoid. There will be distributions (multiple, in my opinion) but no leaks.
Again, I expect LIBOR first, and an announcement there could happen at any time.
Its a nice day for a white wedding.
Newrez is owned by a real estate trust, 2008 founded.
Interesting timing...
Newrez is owned by Rithm Capital, a real estate investment trust. Newrez was founded in 2008 and is headquartered in Pennsylvania.
They would just need to do a conversion calculation of course
I believe new escrows will be issued and activated for those who released. They will appear in our accounts with a notice sent out by the broker.
New Ps will be issued to replace the old Ps for those assets IF acquired by COOP.
The numbers of new escrows will correspond to the number of historical escrows.
A phone number will be provided to call if your escrows assigned do not match your historical records.
Others also believe this is how it will happen if escrows are to get paid. I like our chances. The only possible roadblock is corruption we are up against.
Remember that JPMC, the insts, UWs, and hedgies all want this to proceed. We are not alone.
PRESIDENT LETTER ATTACHED...boarddork, I agree this is a strong possibility.
But we don't know for certain of course. Payment will come when we least expect it. I've thought that all along. There will be no fanfare so as not to cause a public outcry. Payment will be done quietly, maybe in the middle of a Thursday night!
I sent a letter of great WAMU detail to the president, believe it or not. The response was that my letter was referred to the appropriate agency. Could have been BS. But if it wasn't, what better time to inject money into a failing economy than now.
Right or wrong we will know something this year.
December 30, 2021
Thank you for taking the time to write and share your story with President Biden. He is honored by the opportunity to serve you and the American people.
White House staff reviewed your correspondence and forwarded it to the appropriate Federal agency for further action. For additional information about the Federal government in the meantime, please visit www.USA.gov or call 1-800-FED-INFO.
Sincerely,
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You're never alone with a schizophrenic.
Lodass, do you ever have anything better to do?
Its really a sad pitiful commentary on a lonely twisted old man waiting to die, with nothing else to do with his time. I feel sad for you. I loathe you. But mostly I feel sad for you.
Will you still say "inaccurate" when it happens?
It's not always the quantity, it's the viciousness.
Charles Manson only committed crimes twice.
The reason high level posters like dmdmd hold2wm bop etc will not post here anymore is because of lodass pick reiko and the others who attack 24 7. Why bother? So IHUB denigrates the board by allowing them here. This board could be so much more informative without them. But they stay, unencumbered, to attack discourse day in and day out.
Bop is a BK attorney. Are you lodass?
Bop is saying .4 par for Ps from LIBOR. Minimum.
I say it could be much more than that, but certainly $400 per P would be a good start. Then the big money could flow.
There are mixed opinions on LIBOR.
Some say it doesn't matter either way. But now the majority of those in the know who have checked into this say it does likely matter and that Libor must be settled first.
So when the FDIC said the WAMU matter couldn't settle while there was ongoing or potential ongoing litigation, do they mean Libor, or the 15 yr statute. Or both.
Fact is, we don't know for sure. Libor could pay out more than we expected. The FDIC wants $400B. How much they will get, and how much of that is WAMU has yet to be revealed. We just have to be patient. It's close to over now. My opinion is that we are entitled to significant payment for our escrows (WHICH HAVE NOT BEEN DELETED!).
Bite me, lodass
Why is the vile blight of a troll allowed to destroy this board day after day?