Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
not even the depositors have been paid back??
Despite the difference in size (and others), United Western Bancorp Inc.(fkaUWBKQ) has been in a similar "FDIC-R process" :
https://www.fdic.gov/about/freedom/plsa/co_unitedwesternbankberlingbullockcodori.pdf
I found this SETTLEMENT AND RELEASE AGREEMENT interesting, maybe some logic applying to Washington Mutual Bank, Henderson, NV and Washington Mutual Bank, FSB, Park City, UT can be found :
SECTION IV: Waiver of Dividends and Proceeds from Litigation
To the extent, if any, that Settling Defendants are or were shareholders of the Bank or its
holding company and by virtue thereof are or may be entitled to a dividend, payment, or other
distribution upon resolution of the receivership of the Bank or proceeds in any litigation that has
been or could be brought against the Federal Deposit Insurance Corporation in any capacity or
against the United States based on or arising out of, in whole or in part, the closing of the Bank, or
any alleged acts or omissions by the Federal Deposit Insurance Corporation in any capacity, the
United States government, or any agency or department of the United States government in
connection with the Bank, its conservatorship, or receivership, Settling Defendants hereby
knowingly assign to the FDIC-R any and all rights, titles, and interest in and to any and all such
dividends, payments, other distributions, and proceeds.
Let's cross fingers
Precisely, just my opinion
Yes, that's what I think it means
When does WMILT (if not extended) expire?
Is it in 2018? We will have all the answers then
Those controlling this are at the very top of the financial (food) chain, They will IMO make it coincide with the new market crash/collapse, this is: Get your WMILT $$$ when you can buy/merge low
Those in control of this bankruptcy are the same ones in control of the "markets" :)
Just my opinion
who knows, this is a zero or hero
Thanks New¡
Your contribution to this board is unique /priceless
Priceless "Dentists insight" Large ,
For other folks following this WAMU Saga (you already know this...),
Just a (large picture) reminder:
$8,37 Billion in net capital loss
$6,00 Billon n NOL
When do the $8,37 Billion expire (year and month)?
Are the new hired dentists' awards linked to this date??
" On May 15, 2015 WMIH issued restricted stock grants to our Chief Executive Officer, William C. Gallagher and our Chief Operating Officer, Thomas L. Fairfield in conjunction with employment agreements totaling $9.8 million of aggregate fair value (“the EXEC Grants”) based on the $2.76 trading price of WMIH shares at the close of business on the date issued. WMIH may be required to issue additional shares if the conversion price applicable to the Series B Preferred Stock is less than $2.25 per share. The EXEC Grants will vest in full and will be recognized as compensation expense upon the consummation of a Qualified Acquisition, subject to the executives continued employment with the Company until such time. The foregoing description of the restricted stock agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Gallagher Restricted Stock Agreement and the Fairfield Restricted Stock Agreement, which were filed as Exhibit 10.3 and Exhibit 10.5, respectively, of Form 8-K filed on May 13, 2015 and incorporated herein by reference. The fair market value of the EXEC Grants as of June 30, 2015 approximates $9.3 million as a result of the stock price of $2.61 per share at the close of the market on June 30, 2015.
The total unamortized value related to the unvested restricted share grants totals $10.4 million and $1.2 million at June 30, 2015 and December 31, 2014, respectively.
The unamortized value of $10.4 million at June 30, 2015, if all are ultimately vested, would be amortized according to the following schedule. The fair value of the EXEC Grants will vest and be recognized on the date of the consummation of a Qualified Acquisition.... "
Vesting schedule of shares subject to repurchase
June 30, 2015 unvested shares
3rd quarter 2015 — 0
4th quarter 2015 — 0
1st quarter 2016 - 370,570
2nd quarter 2016 — 0
3rd quarter 2016 — 0
4th quarter 2016 — 0
1st quarter 2017 - 207,170
2nd quarter 2017 — 0
3rd quarter 2017 — 0
4th quarter 2017 — 0
1st quarter 2018 - 3,619,656
Total -4,197,396
Thanks so much for sharing Large Green, I love them (my escrow shares ) too
As you know, In recent 08/03/2015 WMIH shares distribution, many brokers have distributed according to these ratios Don shared:
" WAMUQ Known as WMIH CORP COM STOCK DISTRIBUTION FROM 939ESC968 AT 0.00056842/SHARE
Example 1000 shares of Equity = 10000X.00056824=5.568 shares per 10k shares owned at exit (no fractionals they go to charity)
WAMKQ Known as WMIH CORP COM STOCK DISTRIBUTION FROM 9393ESC84 AT 0.00238911/SHARE 10000X.00238911=23.8911 per 10k shares owned
WAMPQ Known as WMIH CORP COM STOCK DISTRIBUTION FROM 939ESC992 AT 0.095562/SHARE Known as 10000X.095562=955.62 shares per 10k owned. "
So the ratios on 08/03/2015 were consistent with these proportions:
WAMPQ to WAMKQ = 40 to 1
WAMPQ to WAMUQ = 168,12 to 1
WAMKQ to WAMUQ = 4,20 to 1
do you believe these ratios are consistent with the distribution of common shares on the Effective Date?
You know that the ratios on Effective Date were consistent with these proportions:
WAMPQ to WAMKQ was 40 to 1
WAMPQ to WAMUQ was approx 591.09 to 1
WAMKQ to WAMUQ was approx 14.77 to 1
In my humble opinión, WAMUQ received much more than it should while both WAMKQ and WAMPQ received less than they should
That is why I am really worried and upset about recent WMIH shares distribution and they way it was done:
" Note 8: Disputed Equity Escrow
In addition to the DCR, the Plan established a Disputed Equity Escrow to hold shares of Reorganized WMI common
stock for distribution based on the resolution of disputed equity interests. A dismissal of disputed equity interests
will result in a distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date. The shares and any cash distributed on behalf of
the shares are held in a separate escrow account that is not recorded as an asset of the Trust. The Liquidating
Trustee is the escrow agent for the Disputed Equity Escrow. The Disputed Equity Escrow is taxed in a similar
manner to the DCR (see description above). All expenses of the Disputed Equity Escrow (other than taxes) are
borne by the Trust. As of June 30, 2015, there were approximately 2.9 million shares of Reorganized WMI common
stock in the Disputed Equity Escrow.
On December 23, 2014, the Bankruptcy Court approved a settlement of certain Disputed Claims that would allow a
distribution from the Disputed Equity Escrow. On January 5, 2015, an appeal was filed in connection therewith,
which appeal has been dismissed with prejudice. (See Note 10) Based on the D&O Settlement Agreement,
approximately 1.4 million shares of Reorganized WMI common stock will be redistributed from the Disputed
Equity Escrow on the next Distribution Date ",
[ See http://www.kccllc.net/wamu/document/0812229150730000000000001 ]
This is the Key factor:
.... distribution to common shareholders of Reorganized WMI consistent with the allocation of, and manner of distribution of, common shares on the Effective Date.; so in my opinion the initial ratios and THE RELATION/DIVISION/PROPORTION AMONG THEM described bellow still applies:
WAMPQ to WAMKQ was 40 to 1
WAMPQ to WAMUQ was approx 591.09 to 1
WAMKQ to WAMUQ was approx 14.77 to 1
( See http://www.wmitrust.com/wmitrust/document/8817600120730000000000001 ):
" In the Initial Distribution, newly issued shares of the
Company’s common stock were distributed to claimants who elected to receive such common stock, as
well as claimants in each of Classes 19, 21 and 22 under the Plan. Class 19 included holders of preferred
securities identified as the REIT Series, Series K Perpetual Non-Cumulative Floating Rate Preferred
Stock (“Series K Preferred Stock”) and Series R Non-Cumulative Perpetual Convertible Preferred Stock
(“Series R Preferred Stock”), in each case as defined in the Plan. The chart below summarizes shares
issued to claimants in Classes 19, 21 and 22 and the conversion ratios for each class...."
If this were true/right, it would mean that the distrubution of 1,4 million WMIH shares on August 03, 2015 was not correctly developed/done by the distributing agents , because it was done with these proportions:
WAMPQ to WAMKQ = 40 to 1
WAMPQ to WAMUQ = 168,12 to 1
WAMKQ to WAMUQ = 4,20 to 1
And not these ones:
WAMPQ to WAMKQ was 40 to 1
WAMPQ to WAMUQ was approx 591.09 to 1
WAMKQ to WAMUQ was approx 14.77 to 1
kind Regards
Thanks so much for your answer Don,
I've already claimed this to mi bank in Spain but it's taking/it'll take some time, the mistake (if this is the case as I believe) has been massive and has affected brokers all over the globe (US, EU, etc); regarding this same issue, this is good info as well:
Recent WMIH shares distrib ution and they way it was done:
" Note 8: Disputed Equity Escrow
In addition to the DCR, the Plan established a Disputed Equity Escrow to hold shares of Reorganized WMI common
stock for distribution based on the resolution of disputed equity interests. A dismissal of disputed equity interests
will result in a distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date. The shares and any cash distributed on behalf of
the shares are held in a separate escrow account that is not recorded as an asset of the Trust. The Liquidating
Trustee is the escrow agent for the Disputed Equity Escrow. The Disputed Equity Escrow is taxed in a similar
manner to the DCR (see description above). All expenses of the Disputed Equity Escrow (other than taxes) are
borne by the Trust. As of June 30, 2015, there were approximately 2.9 million shares of Reorganized WMI common
stock in the Disputed Equity Escrow.
On December 23, 2014, the Bankruptcy Court approved a settlement of certain Disputed Claims that would allow a
distribution from the Disputed Equity Escrow. On January 5, 2015, an appeal was filed in connection therewith,
which appeal has been dismissed with prejudice. (See Note 10) Based on the D&O Settlement Agreement,
approximately 1.4 million shares of Reorganized WMI common stock will be redistributed from the Disputed
Equity Escrow on the next Distribution Date ",
[ See http://www.kccllc.net/wamu/document/0812229150730000000000001 ]
This is the Key factor:
.... distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date.; so in my opinion the initial ratios described bellow still apply
( See http://www.wmitrust.com/wmitrust/document/8817600120730000000000001 ):
" In the Initial Distribution, newly issued shares of the
Company’s common stock were distributed to claimants who elected to receive such common stock, as
well as claimants in each of Classes 19, 21 and 22 under the Plan. Class 19 included holders of preferred
securities identified as the REIT Series, Series K Perpetual Non-Cumulative Floating Rate Preferred
Stock (“Series K Preferred Stock”) and Series R Non-Cumulative Perpetual Convertible Preferred Stock
(“Series R Preferred Stock”), in each case as defined in the Plan. The chart below summarizes shares
issued to claimants in Classes 19, 21 and 22 and the conversion ratios for each class...."
If this were true/right, it would mean that the distrubution of 1,4 million WMIH shares on August 03, 2015 was not correctly developed/done by the distributing agents
kind regards
Thanks so much for sharing Large Green, I love them (my escrow shares) too
That's why I'm really worried and upset about recent WMIH shares distribution and they way it was done:
" Note 8: Disputed Equity Escrow
In addition to the DCR, the Plan established a Disputed Equity Escrow to hold shares of Reorganized WMI common
stock for distribution based on the resolution of disputed equity interests. A dismissal of disputed equity interests
will result in a distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date. The shares and any cash distributed on behalf of
the shares are held in a separate escrow account that is not recorded as an asset of the Trust. The Liquidating
Trustee is the escrow agent for the Disputed Equity Escrow. The Disputed Equity Escrow is taxed in a similar
manner to the DCR (see description above). All expenses of the Disputed Equity Escrow (other than taxes) are
borne by the Trust. As of June 30, 2015, there were approximately 2.9 million shares of Reorganized WMI common
stock in the Disputed Equity Escrow.
On December 23, 2014, the Bankruptcy Court approved a settlement of certain Disputed Claims that would allow a
distribution from the Disputed Equity Escrow. On January 5, 2015, an appeal was filed in connection therewith,
which appeal has been dismissed with prejudice. (See Note 10) Based on the D&O Settlement Agreement,
approximately 1.4 million shares of Reorganized WMI common stock will be redistributed from the Disputed
Equity Escrow on the next Distribution Date ",
[ See http://www.kccllc.net/wamu/document/0812229150730000000000001 ]
This is the Key factor:
.... distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date.; so in my opinion the initial ratios described bellow still apply
( See http://www.wmitrust.com/wmitrust/document/8817600120730000000000001 ):
" In the Initial Distribution, newly issued shares of the
Company’s common stock were distributed to claimants who elected to receive such common stock, as
well as claimants in each of Classes 19, 21 and 22 under the Plan. Class 19 included holders of preferred
securities identified as the REIT Series, Series K Perpetual Non-Cumulative Floating Rate Preferred
Stock (“Series K Preferred Stock”) and Series R Non-Cumulative Perpetual Convertible Preferred Stock
(“Series R Preferred Stock”), in each case as defined in the Plan. The chart below summarizes shares
issued to claimants in Classes 19, 21 and 22 and the conversion ratios for each class...."
If this were true/right, it would mean that the distrubution of 1,4 million WMIH shares on August 03, 2015 was not correctly developed/done by the distributing agents
kind regards
Thanks For your answer Justice Will Win
Appart from the answer in my previous post, I believe that this info I found could help:
" Note 8: Disputed Equity Escrow
In addition to the DCR, the Plan established a Disputed Equity Escrow to hold shares of Reorganized WMI common
stock for distribution based on the resolution of disputed equity interests. A dismissal of disputed equity interests
will result in a distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date. The shares and any cash distributed on behalf of
the shares are held in a separate escrow account that is not recorded as an asset of the Trust. The Liquidating
Trustee is the escrow agent for the Disputed Equity Escrow. The Disputed Equity Escrow is taxed in a similar
manner to the DCR (see description above). All expenses of the Disputed Equity Escrow (other than taxes) are
borne by the Trust. As of June 30, 2015, there were approximately 2.9 million shares of Reorganized WMI common
stock in the Disputed Equity Escrow.
On December 23, 2014, the Bankruptcy Court approved a settlement of certain Disputed Claims that would allow a
distribution from the Disputed Equity Escrow. On January 5, 2015, an appeal was filed in connection therewith,
which appeal has been dismissed with prejudice. (See Note 10) Based on the D&O Settlement Agreement,
approximately 1.4 million shares of Reorganized WMI common stock will be redistributed from the Disputed
Equity Escrow on the next Distribution Date ",
[ See http://www.kccllc.net/wamu/document/0812229150730000000000001 ]
This is the Key factor:
.... distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date.; so in my opinion the initial ratios described bellow still apply
( See http://www.wmitrust.com/wmitrust/document/8817600120730000000000001 ):
" In the Initial Distribution, newly issued shares of the
Company’s common stock were distributed to claimants who elected to receive such common stock, as
well as claimants in each of Classes 19, 21 and 22 under the Plan. Class 19 included holders of preferred
securities identified as the REIT Series, Series K Perpetual Non-Cumulative Floating Rate Preferred
Stock (“Series K Preferred Stock”) and Series R Non-Cumulative Perpetual Convertible Preferred Stock
(“Series R Preferred Stock”), in each case as defined in the Plan. The chart below summarizes shares
issued to claimants in Classes 19, 21 and 22 and the conversion ratios for each class...."
If this were true/right, it would mean that the distrubution of 1,4 million WMIH shares on August 03, 2015 was not correctly developed/done by the distributing agents
kind regards
Thanks so much for your answer Justice Will Win, really appreciated¡¡
You said in your post:
"I have Ps and Qs and received exactly 1.04% = 0.0104 of my initial(!) 2012 distribution of WMIH shares (for Ps and Qs together. I have no Ks). "
The fact is that you (as everybody else, I believe) received much more than 1.04% for your WAMUQ escrows (former WAMUQ shares) and much less than 1.04% for your WAMPQ escrows (former WAMPQ shares) , and that is what apparently "doesn't fit" with the announcement in the WMI Liquidating trust website { http://www.wmitrust.com/WMITrust }
SPECIAL ANNOUNCEMENT DATED 07/30/2015:
A CASH DISTRIBUTION OF APPROXIMATELY $53 MILLION WILL BE MADE TO TRANCHE 4 LTI HOLDERS ON AUGUST 3, 2015. THESE LTI HOLDERS INCLUDE SENIOR FLOATING RATE NOTE, PIERS AND GENERAL UNSECURED CLAIMANTS. IN ADDITION, APPROXIMATELY 1.4 MILLION SHARES OF REORGANIZED WMI COMMON STOCK WILL BE REDISTRIBUTED FROM THE DISPUTED EQUITY ESCROW TO FORMER SHAREHOLDERS WHO PROVIDED RELEASES AND OTHER INFORMATION REQUIRED BY THE SEVENTH AMENDED PLAN.
nothing more is specified (about WAMUQ "vs" WAMPQ "vs" WAMKQ "vs" REITs), while in the link I provided (regarding that July 30, 2012 payment in Kind/ payment in WMIH shares) it was clearly stated that:
" ... SEATTLE, July 30, 2012 –WMI Liquidating Trust (the “Liquidating Trust”), which was formed
pursuant to the Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States
Bankruptcy Code (as modified, the “Plan”) of Washington Mutual, Inc. (“WMI”), today announced that,
on August 1, 2012, it will distribute 927,862 shares of WMI Holdings Corp. (OTC: WMIH) (the
“Company”) to Class 22 claimants (the “Distribution”).
In connection with the Distribution, eligible claimants in Class 22 who held shares of common stock
issued by WMI prior to September 25, 2008, will receive 0.00076346 of a share of the Company’s new
common stock for each share of WMI common stock they previously held. The common stock issued by
WMI prior to September 25, 2008 was cancelled on March 19, 2012, the Effective Date of the Plan. ..."
but in the SPECIAL ANNOUNCEMENT DATED 07/30/2015 nothing else was specified...
as you said I cannot assume that the original distribution key has been used! but nothing in the SPECIAL ANNOUNCEMENT DATED 07/30/2015 states it was not used ...
Can anybody chime in? It would be really appreciated, TIA
any way, thanks for your help Justice will Win,
Kind Regards
Don,
thanks so much for sharing, many brokers have distributed according to the ratios you shared:
" WAMUQ Known as WMIH CORP COM STOCK DISTRIBUTION FROM 939ESC968 AT 0.00056842/SHARE
Example 1000 shares of Equity = 10000X.00056824=5.568 shares per 10k shares owned at exit (no fractionals they go to charity)
WAMKQ Known as WMIH CORP COM STOCK DISTRIBUTION FROM 9393ESC84 AT 0.00238911/SHARE 10000X.00238911=23.8911 per 10k shares owned
WAMPQ Known as WMIH CORP COM STOCK DISTRIBUTION FROM 939ESC992 AT 0.095562/SHARE Known as 10000X.095562=955.62 shares per 10k owned. "
do you believe these ratios are consistent with the distribution of common shares on the Effective Date?
You know that the ratios on effective date were consistent with these proportions:
WAMPQ to WAMKQ was 40 to 1
WAMPQ to WAMUQ was approx 591.09 to 1
WAMKQ to WAMUQ was approx 14.77 to 1
As clearly and officially stated by the WMI LT in this Press Release:
{ http://www.wmitrust.com/wmitrust/document/8817600120730000000000001 }
Maybe there's something I'm not considering/factoring in but I'm doubtful due to previous mistakes that have already taken place in previous distributions and by the fact that the ratios in this 03 August 2015 distribution are not consistent with this :
WAMPQ to WAMKQ = 40 to 1
WAMPQ to WAMUQ = 591.09 to 1
WAMKQ to WAMUQ = 14.77 to 1
Your input/opinion on this would be really appreciated Don,
Thanks so much in advance,
Kind Regards
PS: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116298986
Boris
Test or not someone has got part of my shares... :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116298986
Good Luck
Hi Boris
I got less than 0,007 shares per share (received on Effective Date)
, How many did you get?
Thanks in Advance
Catz,
You are right ( that was already included in my post... )
The number of shares I received is on this August 2015 payment is :
0,0048369887 shares per share I initially got at conversion, instead of 0,007 shares per share , this is about 44% less than expected
Many folks here are in the very same situation
Do you still believe 0,007 is the right ratio?
Thanks in advance
Hi Catz,
The number of shares I received is on this August 2015 payment is :
0,0048369887 shares per share I initially got at conversion or,
23.8911 shares per 10k WAMKQ (former preferred securities) shares owned at conversión,
955.62 shares per 10k WAMPQ (former preferred securities) shares owned at conversion
I don't know if the DTC was right on this one, I mean:
Are these ratios correct or should we receive (many folks from the US and EU have received their shares exactly according to these ratios above) a number of shares according to an approx ratio of 0.007 { 0.7% (zero point 7 percent) of the WMIH shares we initially got at conversion. (eg, take your original WMIH share count and multiply by .007 and that's about how many shares we "should" have received in this Disputed Share distribution) } ; 1,4Million / 200 Million = 0.007
Thanks in advance Catz,
kind Regards
Thanks Linda¡¡
Good luck with your health and of course with everything else as well
Take Care
I tried to look for the exhibits and ( yes, I can learn... but currently ) I don't know; All I found is that Laura A Briggs was the Clerk of this federal Complain (
https://livinglies.files.wordpress.com/2015/03/eric-mains-federal-complaint.pdf )
and that this is her contact info
Address: Clerk's Office
46 E. Ohio Street, Room 105
Indianapolis, IN 46204
Telephone: 317-229-3700 Fax: 317-229-3959
E-Mail: Laura_Briggs@insd.uscourts.gov
( http://www.in.gov/judiciary/admin/files/courtmgmt-bulk-data-usdistrict-court.pdf )
"... What is remarkable to me, and what is worth discussing, is not that my case has been the exception to large bank conduct in foreclosure cases, but how all too common it is... "
"... Now in hindsight, I am sure corporate counsel for Chase (and Citibank) is going to sternly chastise the law firm(s) involved for not checking into my background enough to realize I worked for the FDIC, in the division that closed down WAMU (after all it is all public information, along with our grade level and salaries)..."
{ https://livinglies.wordpress.com/2015/03/25/eric-mains-acceptable-casualties/ }
Eric Mains: “Acceptable Casualties”
Posted on March 25, 2015 by Neil Garfield
" At the request of Eric Mains, former FDIC employee, I am publishing his comments on the foreclosure situation and the the banking crisis.
ACCEPTABLE CASUALTIES ... "
See the whole article in this link:
{ https://livinglies.wordpress.com/2015/03/25/eric-mains-acceptable-casualties/ }
PS:
Mr Mains Federal complaint provided in this link { https://livinglies.files.wordpress.com/2015/03/eric-mains-federal-complaint.pdf } is not signed and doesn't include the exhibits; I found potentially relationed with our case what exhibits 13 & 14 are supposed to contain; see number 92 in page 44/91 ( "inflows and outflows of money from the WAMU HE-2 Trust" )
In order to try to obtain those currently missing exhibits ( See num 43 of page 18/91 here https://livinglies.files.wordpress.com/2015/03/eric-mains-federal-complaint.pdf ) Mr Mains case history is available on the Cronology Case Summary ( CCS ) system found at mycase.in.gov ( https://mycase.in.gov/default.aspx )
Thanks Tanja ( I guessed so but wanted to be sure )
Thanks Tanja
Which is that other message board you refer to?
TIA & Good Luck ¡¡
Maybe Mr Mains is not a disgruntled/resentful employee
I believe his reasons are the ones he exposes in his Federal Complaint
{ https://livinglies.files.wordpress.com/2015/03/eric-mains-federal-complaint.pdf }
ps:
No. 10A04-1309-MF-450
{ http://www.in.gov/judiciary/opinions/pdf/08041401jss.pdf }
{ https://works.bepress.com/cgi/viewcontent.cgi?article=1704&context=seth_barrett_tillman ; ( https://works.bepress.com/seth_barrett_tillman/ ; " ... My degrees are from the College of the University of Chicago and from Harvard Law School.
I have given lectures or addressed faculty at: Campbell University School of Law,
University of Chicago Law School Legal Studies Workshop, Thomas Jefferson School of Law,
Lincoln Memorial University -- Duncan School of Law, Loyola University of Chicago Law
School Fourth Annual Constitutional Law Colloquium, Marquette University Law School, New
York University School of Law, Northwestern University School of Law Legal Scholarship
Workshop, Quinnipiac University School of Law, Wayne State University Law School, Widener
University School of Law, Roger Williams University School of Law, and the International
Commission for the History of Representative & Parliamentary Institutions. I have a
current invitation to speak at: Trinity College Dublin's Law Faculty. ..." ) }
Hopefully, let's cross fingers
BTW, section 27 ( 7/91 ) "... knowing every asset FDIC did and didn't transfer..." seems to be a Trojan Horse, even if it's not it might help ...
{ https://livinglies.files.wordpress.com/2015/03/eric-mains-federal-complaint.pdf }
also, he wrote this after the final P&AA closure... IMHO
No idea Pickstocks, it's WAY beyond my pay grade, I'd like it to finish as decently as possible, time will tell...
True, releases ( from memory ) never included fraud ( JPM ) nor FDIC-R
Good point sisipepsi
{ http://files.shareholder.com/downloads/ONE/0x0x283417/92060ed3-3393-43a5-a3c1-178390c6eac5/2008_AR_Letter_to_shareholders.pdf }; March 23, 2009
" Specifically, the Escrow CUSIPs do not, in and of themselves, entitle their holders to any possible future cash distributions from the Trust, WMIHC or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank)."
A share is a share... ( No matter when in this UBWKQ case... ) JMHO
Probably "expense" doesn't fit into loan servicing rights monies back to the FDIC, anyway this same data about the rest of after seizure years ( 2008, 2009,... ) could be revealing
Interesting UncleBo
I find it important that the $ number has decreased ( every year since 2012 ), maybe because ( if $ from Loan servicing rights ) the number of "alive" loans has logically decreased { and so the income they generate, ( if this were true... ) }
Washington Mutual REO – Foreclosures Listings under Chase Properties
http://www.freeforeclosuredatabase.com/washington-mutual-reo.php
- See more at: http://www.freeforeclosuredatabase.com/ffd_wp/archives/971#sthash.UdZVFekZ.dpuf
http://www.freeforeclosuredatabase.com/ffd_wp/archives/971
Current list of commercial banks in Delaware:
http://www.us-banks.net/us/delaware/
Thanks for your answer Tanja,
Maybe we should try to look for all of those banks ( in Delaware those days ) one by one and get the answer, I'll give it a try...
Anyway, the link and State Banking Performance Summary
( FDIC-Insured Institutions ) refers to Commercial banks and I don't think Thackeray III bridge,LLC is that , a Commercial Bank { though maybe, ( in line with the potential connection you mention ) could be a subsidiary/"asset" of one of them }
GL ¡¡
Thanks so much Thony
Hopefully FDIC-R will eventually solve all the issues concerning this controversial and complex seizure and receivership.
Maybe...
{ however eternity is a reasonably long period of time }