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.
So, on the statute of limitations in Sept...
The reason that they previously said no settlement could occur while there was potential for litigation, could explain why no distributions could happen.
Now stay with me here...it could be why the hedgies haven't pursued legal action and have remained quiet. They knew that they had to wait for this 15 year period to pass. Those who did not release, plus the employees who lost their jobs, could have sued if disbursements were made before the 15 yrs was up. Now, once the 15 years passes, disbursements could happen to the hedgies and escrow holders without the encumbrance of a multitude of lawsuits from the employees and non releasers.
This could explain why nothing's happened. Once the statute passes, any funds can be distributed without legal action from those other parties.
Think about it. Makes sense. Even if you don't believe in the hundreds of billions in assets, it's indisputable that there is ~$30B sitting on the sidelines for escrows. Let's see how this all plays out. But the silence of the hedgies has been deafening. This may be why.
Also, remember, escrows were not issued till 2012. So this 15 year period does not apply to escrows in 2023. If funds are not disbursed after the Sept date then law suits could commence from the hedgies.
It's a hot mess, but this could make sense.
Releases don't apply to corruption. Watch and learn.
Congrats to COOP/WMIH and investors.
It will be interesting to see how the assets will tie into this.
Escrows looking better and better. I say something's up.
Sooner rather than later.
Lawsuits will not be permitted after the statute expires in Sept.
But for those who released in 2012, the statute does not apply until 2027.
Got it? Too complex for you to understand?
To lodas pick reiko vodka and the other resident trolls:
I've stopped trying to please people here like you who don't like me. Instead, I embrace the idea of being the most annoying person in your lives.
People here are sick of your 24 7 troll crap. They are here to find information and justice in their investments. I am here for what is good and just in our pursuits of that justice for the shareholders of COOP, WAMU, and its employees who got screwed by the financial cabal that stole billions from innocent people.
So if you are a good, just person looking for a productive board, I'm here for you.
But, if you are a troll bent on making peoples' lives miserable day in and day out, I am your worst nightmare.
Get a life. You torment people here daily and now you think you will get their sympathy?
Sympathy for the devil.
Get a life old man.
Do your own DD. I don't work for you. Get a life.
And another douchebag.
Walmart must have them on sale.
Another douchebag heard from.
I feel sad for those who did not release.
I understand their bitterness. Once the statute expires in Sept they are SOL. No lawsuits for you!
I don't give a FF if you care or don't.
Catch this.
I don't do other people's DD for them. Do it yourself. You are not the boss of me.
Stop telling everybody what to do.
Stop telling everybody what to do, loser. Who the hell do you think you are? I'm sick of your garbage here. Mods, please do something about this jerk will you??? He's ruining this board and driving away good posters. People are sick of it.
Sarcasm aside, you are entitled to your opinion.
Hope it happens!
Yep, you're a character all right!
So what's your point vodka? Isn't that what message boards are all about? Opinions, speculations, theories? What do you think they are here for?
I swear sometimes I wonder how some people get through life since they aren't as perfect as you.
Who are you to tell people to stop posting?
I can't believe you are even permitted on this board.
I have called my broker. Fidelity says the escrows are still listed in my account records. The LT markers are gone, but the escrows remain in the records. You people are like a broken record on this issue. You just don't seem to get it.
Has the FDIC receivership closed yet? Nope.
We are talking billions of dollars. No way could there have been a back door deal. If that leaked out, which it eventually would, all hell would break loose and people would go to jail.
We all wait together...
I understand why JPM investors here are upset about the prospects of the escrows receiving payment. They think it will tank their stock, so they bash escrows. But that is misplaced. In fact, JPM will receive a huge amount of this payout if it happens.
Yes. I meant in the retail accounts. The brokers and insts have the vast majority of escrows.
That's why I do think there is hope for payment.
I find it hard to believe that they haven't sued, which leads me to believe escrows may be paid.
The escrows were not deemed worthless! Geesh. You people just don't get it do you? How many times has this been discussed?
The markers were removed because they were in place for the LT, which is now gone. The escrows were NEVER removed. They are in the historical records. Period. Got it?
Dockb, yes, I recall they owned a substantial number of all flavors.
No way will they walk away from that. Plus the majority of any escrow payments will likely wind up being deposited in JPM accounts.
So once any payout comes they will benefit bigtime.
The economy sure could use this shot in the arm now.
Wonder how many escrows JPM owns.
I'd bet its a huge position. Was this ever disclosed, or was that too redacted?
So much is cloaked in secrecy.
Why did Walrath allow all the redactions? What was there to hide?
I bet Holder and "his boss" know all the answers.
Yes, I've been hot and cold on this AS WE ALL HAVE BEEN.
Sometimes it looks like we might have a chance to see escrows paid, then those hopes are dashed, over and over again. I have said all long that I am hopeful but not optimistic. I still think we could get paid. I doubt bop's assertion of 700B. But I think Ron's DCR $30B is doable because it's factual. That would give Ps 3x par and Qs almost 6 bucks.
I think we should keep our day jobs if we still have them. If we get paid we can celebrate and help others in need. But don't hold your breath.
Think abundance.
goodietime, I've thought that for years.
It's our only hope. That's why I have some faith in the 15 yr statute. Maybe they were waiting for that. If not, it's over. It's our last hope as I see it.
When I saw it was all redacted and under seal I knew the fix was in. Walrath bent us over.
jhd, that's the problem. Who will order them or compel them to pay us?
We know the money is there. No doubts. But who will champion this? Where is our white knight? This is the problem. And the dark side knows it. They laugh all the way to the bank with hundreds of billions in secret accounts.
Walrath? Ha! Logan? Ha. Rosen? Ha. Jamie? Ha. FDIC? Double ha!
Nobody. We need a miracle, as the deadheads used to say.
Misery loves company.
BTW, this is not over, not by a long shot.
I respect AZ, Ron, LG, Flo, Alice, dmdmd, and many others here in this Wamu fight to try to unearth truth and bring forth understanding and justice.
They are trying hard to figure out this mess we are in for these last 15 years.
I and we may not always agree with their ideas or theories, but we have to applaud them for trying. Bottom line is, none of us have been right, yet.
This is a difficult conundrum because of the immense corruption we are up against.
Not only do I feel bad for us investors, but my heart is broken for the thousands of employees of WAMU who lost everything, their jobs, their savings, their way of life. Their families were unjustly affected.
So let's hope we are close to some sort of resolution. I have my doubts due to the overwhelming corruption in this country.
A bank with assets of hundreds of billions being gifted to someone for $1.88B. It's hard to imagine something like this could happen. But it did.
Pray for all involved. I do every day.
LG, it never said anything about "Kentucky".
It was just about the 15 year statute. It actually applies to all states. Ask Hunter.
So I guess I don't get an apology from BOB for calling me a liar huh?
Alice agrees with the logic of the statutes theory as I said:
Offline CSNY
Hero Member Level II
*
Posts: 12480
View Profile Email Personal Message (Offline)
Re: Statute
« Sent to: bigtexsolar on: July 17, 2023, 07:14:00 AM »
« You have forwarded or responded to this message. »ReplyQuoteDelete
Quote from: bigtexsolar on July 15, 2023, 07:11:05 PM
Hi Alice,
This was posted on the IHUB board. any thoughts? Seems to be logical
I don't know if my theory is right...we've had thousands of them over these 15 tough years. They come and go like a puff of smoke. Nothing ever happens.
Yet those of us who have dug into this know there is money, somewhere. I have my opinions as to what happened to the hundreds of billions, all for a paltry $1.88B. I won't express them here for obvious reasons...but the levels of corruption in this case are staggering. Our country is a mess! And they get away with these things over and over.
But the money is there, at least the $30B which is VERY liquid and ready to move.
I find it implausible that hedge funds who invested billions, just walked away with their tails between their legs, saying, "Oh damn, too bad, we lost a lot of money for our investors!"
No way. They know what's to come. So do the UWs, who knew more than anyone what was behind the curtain.
So where do we go from here? I wish I knew. But I will say this. Something will happen this year. No way will the perpetrators get away scot free. They may walk away with a lot of it. But they won't get it all. And for those who did this to WAMU's shareholders and employees, know this: There is a such a place as hell. You will pay for your deeds, one way or another. If I were you I'd make it right here...rather than when you meet your maker and get your life review.
Good luck to you all. May justice prevail.
Hi, Tex. It is logical. I don't know about timing, but we will get our money.
So youve said your piece and now I am supposed to shut up?
Wrong. You questioned my integrity and pursued it. Period.
I will post the screenshot. I do not lie.
Nor would I call you "a miserable old crank" as she did verbatim. Guess you missed that. Ha.
I actually respect her. But she too has selective memory.
Watch for my screenshot.
LOL BOB. Looks like I will have to post her screenshot of the message she sent to bigtexsolar. Since you, and her, are questioning my integrity, looks like I'll need to do that. I do NOT lie. Anything I post is factual.
BTW, did you see where she posted on BP about YOU a while back, calling you "a miserable old crank"?
I hereby certify in writing that my post is truthful. I want to let IHUB know in writing that what I post is truthful based on facts.