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Bob, let's see her response to you. Why won't you post her "response"?
These public boards require people to post on their own volition and are not subject to people's threats of use.
I just post THE TRUTH. So I have nothing to worry about...
Let's see the quote from her BOB.
Then we can compare it to the screenshot.
BOBPHRASED? LOL
Let's see your quote from her. Then we'll compare it to the factual screenshot. I do not lie. I can get the screenshot from my friend to corroborate what I stated.
Also, I don't see this as a big deal as some here bobviously do. It's minutia. But as I said, these attacks drive off good posters because they don't want to deal with the grief. It's a good tactic by the opposition.
Looks like I will have to post a screen shot.
What was her quote to you? The screen shot never lies.
I don't care if people think this is accurate. It is what it is. Bop said this. Contact her if you wish. She PM'd a friend about his on BP.
So, don't believe it. I don't give a FF. Geez. No wonder many choose not to post anymore. People wonder why CBA, dmdmd, Jiminy, and many other great posters have left the building.
Bop agrees with my statutes theory.
She contacted a friend on BP who forwarded her my theory.
She agrees with it, and said we Will get paid. Not sure of the when, but we will get paid.
Believe what you wish.
But remember this. She is a bk attorney and worked for jpm, so she has more connections than anyone.
She says she has a source. Why would she lie about that?
She stated it publicly knowing full well that everyone knows who she is.
The rest of us hide in obscurity behind our secret screen names.
So I give her a lot of credit. She has guts, regardless of what you might think or say about her.
As for the markers being deleted. Puleeeeze! Those escrows are etched in stone in historical records. They are not gone! The markers were for the LTs use, period. The escrows never went away, so please stop with that nonsense.
In closing, is bop right? Am I right?
Time will tell. After 15 years we are still in the ball game, and that's huge. I like our chances.
Is there a country that still has Rule of Law? If so let me know because I want to move there...
Things are a mess Ron. Are we entitled to payment? YES! Will we get payment? That's the $64,000 per P question.
I have lost faith in all that. Thank God I still have faith. In the only aspect of life that really matters.
Bop hasn't posted in a month. Looks like she is dubious now as well.
I do not ascribe to the $50 theory.
But I do think the 15yr statute theory may have legs.
It's the only thing that has made any sense thus far as to why this delay has occurred and why the big boys haven't sued for 5th amendment unjust taking.
They waited patiently knowing we needed to get past it.
Who knows for sure, but it makes sense why in the past it was said there could be no settlement with pending potential litigation.
If no settlement occurs after the statute passes, then I contend lawsuits will be filed against JPM and the FDIC.
And with billions involved it's all but certain.
I also think the hedge funds are willing to take this all the way to the Supreme Court if necessary.
Of course its JPMC.
I assumed all knew that. Duh. It's the only solution. Absolves everything. That's why so many of their investors hang around to discredit escrows. They think it will tank their stock. But it won't because XXXXJPMC owns a huge amount of escrows. In essence they will mainly be paying themselves. And no doubt "the number" won't be an accurate figure. So they will walk away basically even steven, and will own it all.
Diabolical. And brilliant.
If that's what happens....after the 15 yr statute passes.
I don't expect anything before.
We shall see.
Thanks to the statute-esque for your comments.
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.
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.
Jamie and Sheila better prep for court action.
After or most likely before the Sept date the hedgies and UWs will pursue legal action against them, no doubt.
If there isn't a payout settlement soon, the lawyers will have a feast from this travesty.
Just 2 more months. Walrath better start preparing her notes.
"So why did you gift a $300B+ company to JPM for $1.88B?".......
Sheila - "Oh gee, I don't know. I don't recall. Jamie do you recall why we did that.
May I plead the 5th?"
Happy 4th. Lets hope July brings news to escrows.
Please be careful around fireworks today. Have fun.
https://www.facebook.com/reel/545742441102773?s=yWDuG2&fs=e&mibextid=Nif5oz
We shall see if bops prediction of a settlement in the next few months comes to fruition.
The retained earnings of ~30B is 75 25, no doubt, regardless of what happens to the rest.
So whats the holdup Ron? Release the retained and lets get the process underway.
Nice shot in the arm for this failing economy.
Just remember the hedgies are the cavalry. They will charge when the timing is right.
Anyone who thinks they've thrown in the towel is sorely mistaken.
They know something.
Their silence is deafening.
And of yeah, the UWs always send teams of lawyers to meaningless hearings where there is no money involved.
LOL
The proof Walrath was corrupt was when Dimon bragged and laughed about finding 30B in the rubble of the bankruptcy.
She should have demanded that be distributed to the shareholders and employees who got wiped out.
The fact that she stayed silent proved she was appointed for a reason.
Welcome to the banana republic of america.
Once a small local thrift, WaMu rose to become a national highflier with more than $300 billion in assets. Its crash cost 18,000 people their jobs, including nearly 4,000 at the headquarters in Seattle. The bank's shareholders were wiped out.
With Sept 2023, 15 yr mark approaching, don't think for a minute that the hedge funds are lying down and forgetting about their billions they are owed.
There are no doubt negotiations behind the scenes. I'd be shocked if we don't hear something about a settlement in the coming weeks. If we don't, it's over, and the corruption has won and run off with secret offshore accounts stuffed with billions. But I think the hedgies are too smart and greedy to let this go. And the FDIC and IRS want their pieces of the pie too.
This isn't over yet. Not by a long shot kids. And if the money doesn't start to flow I expect mega lawsuits to follow. Dimon and the FDIC don't want to go there.
Paladin offering 30mm.
Not big dollars but this could just be a setup fee with more to come. Who knows!
COOP boarded hundreds of billions in assets.
So where do you think those assets came from?
This saga has worn us all out. 15 yrs is a long time!
But it appears as though it is coming to conclusion.
While Libor may drone on till 2025, my gut says we are close now.
They need cash infusion to save this dying economy or elections next year will be a bloodbath and they know it.
So dont kid yourself, they are well aware of this Wamu saga. My letter to the administration got passed on "to the appropriate agencies", so said in the reply letter I received. That may have been BS, who knows.
But if they need an influx of cash to stave off a worsening economy tens or more likely hundreds of billions would help a lot.
I for one would gladly like to help the economy!
I say we hear something very soon. It may not be the whole enchilada initially, but it could be significant. We know the money is there.
Release it! We will all gladly spend it.
The UWs obviously wanted Ps over Us. They had the court connections to make that stick.
They wanted Ps so bad that they sent a team of high paid lawyers to her meaningless hearing to ensure that nothing would change. They never had to raise an objection. Alice lost.
Now...
Alice and hold2 and others think that it is likely that Libor be resolved before the R can be closed. If true, we could be waiting for some time. But we continue to accrue interest.
We shall see who is right then.
I contend, as I have all along, that if escrows do get paid, it will come out of the blue when we least expect it.
If so, we will awaken one day from a call by our broker telling us we need a financial advisor immediately.
Scathing book could force a quick settlement to avoid 3x RICO.
This book is just the thing to get the hedgies fired up and demand payment or commence major legal action and treble damages.
https://wallstreetonparade.com/2023/05/the-fed-has-a-new-scandal-on-its-hands-colluding-with-central-banks-to-rig-libor-evidence-is-being-tweeted-out/?fbclid=IwAR3cyKAr76-eKqNEJdoY7uHxMd3n19ePU8vZgjxuMfRhJVb_Ushh75CjF58
And as bop said, "Quote CSNY/Alice Griffin, Bankruptcy Attorney -
...extraordinary, and greatly improves both settlement prospects and the scale thereof."
And hold2wm, "With the courtesy of BBC correspondent Andy Verity’s new book, it seems to me Great Britain is hesitant of paying off 3X damages so including and exposing the Fed in this LIBOR rigging schema, is part of the continued legal tactics and international disputes. With the Fed involvement we might even see the large settlement come to fruition in order to shut down the lined-up trial, IMO."
The corruption of the FED and FDIC stinks to high heaven, and now it is finally getting exposed and challenged. Hundreds of billions for $1.88B?! Ahahahahahaha! If you released you should start feeling pretty good about where this all sits now...
Kalepower. Very interesting indeed.
May be nothing, but.......
Holdings Inc?
Thanks for bringing that to light.
Exo = Exollent. Good post, and true.
This is taking much longer than we had hoped for. But the hedgies and UWs are waiting patiently without lawsuits. They know. Simple.
The payday will come sooner than we expect. From out of the blue. Wake up to a new life one day.
Bob, watching The Silence of the Hedgies now. Great movie. Hero or zero huh?
Do you think these hedgies would just throw their hands up and say, "Oh well, guess we just lost billions, no biggie."
Uhhhh no! And why no lawsuits??? They can afford the best lawyers in the country.
Reason we have not heard from them is bobvious.
They know what's to come....just like the UWs who sent a team of attorneys to bops meaningless hearing.
Wake up people. Youre listening to lodas and team too much.
There is the FDIC C and the FDIC R.
Two different animals.
You are a warrior AZ.
Stand up for what you believe.
Lets hope we hear something this month...I'll buy you a nice lobster dinner at the resort of your choice. Ron too.
We are due...
Things looking promising for escrows finally!
For bop's source....well not sure about 700B. But 30-100B looks very possible. Maybe more down the road. Let's get this ball rolling!
The FED wants to inject liquidity into the economy and this is one way to do it.
Read cura's doc. Charles Smith, Wand, KKR. This could be it folks. Say your prayers.
"Wand Merger Corporation (“Buyer”), a newly formed shell entity which is an affiliate of WMIH Corp. (“WMIH”), intends to acquire, directly or indirectly, all of the outstanding equity interests of the entity previously identified to us by you as “Eclipse” (the “Company”) from the equity holders of the Company."
Dimon deposits $30B for LIBOR settlement.
Why is nobody talking about this??? 30B is exactly the number Dimon "found" in the rubble of the Wamu bk, and he bragged and actually laughed about "finding" it. Not funny dude! Thousands lost their jobs in the heist and shareholders lost everything!
So this deposit to LIBOR would take him off the hook with LIBOR and would go a ways in taking the heat off him with Wamu shareholders for the heist. Will this 30B go to Wamu escrow owners? Who knows.
But that 30B number sure is suspect.
FDIC may now want to close the books on WAMU to release money into the economy at a time when we are close to financial collapse in the country due to pending bank failures. This is the perfect time to release the funds and they know it. The economy is on the verge of collapse if banks start falling like dominoes, which now is looking likely.
The next couple days are crucial. If cash isn't infused now we could see 2008 all over again, but this time it could be much worse.
I talked to Rosie's LT secretary back about 4 yrs ago.
She told me that at the office there, they laugh when they hear escrow holders think they will ever get money. She said there is no money forthcoming from the LT or from anywhere else for that matter. That was discouraging to hear because she sounded very reasonable and professional.
So coupled with Doreen and Walrath's comments I think we are in for tough sledding. Just being honest. I think we still have a chance, but I wouldn't hold my breath. Too much corruption in this matter from the FDIC and DOJ/Walrath/Holder, banks, Dimon, FED, and on and on. We live in a 3rd world country now. Look under the bridges in any city. The America we once knew is gone.
Thats my one post per day allowance, sorry.
And what about that $30B Dimon "found"?
Well he had to disclose that he "found" it in the rubble of the bk. But Walrath then showed her true corruption by not demanding that be distributed to the shareholders who lost everything. Shows how corrupt she is!
Ever notice how that $30B discovery was NEVER mentioned anywhere again??? Interesting huh? Talk about sweeping under the rug.
We had a corrupt judge and if you had any doubt this one instance proves it.
From dmdm today:
Dmdmd1 on Today at 11:26:25 AM
(Note that 2.5x cash is consistent with Ron and others.)
IMO...if the "source" is accurate about WMI recoveries (as of May 20, 2021, the date of Alice's filing) of $625 billion
1) Cash = $25 billion; thus WAMPQ = $2,664.48; WAMKQ = $66.11; WAMUQ = $5.23
2) Stock = $600 billion; thus WAMPQ = $63,467.49; WAMKQ = $1,586.68; WAMUQ = $125.59
3) The cash portion of the WMI recoveries will be taxed at Long Term Capital Gains (please consult your tax professionals)
4) The stock portion can be leveraged to get a loan (I'm not condoning to get a loan, but if you need a loan, I'm just giving a potential scenario of Securities Backed Line Of Credit).
I started a thread on off topics section:
https://www.boardpost.net/forum/index.php?topic=18342.0
The above thread was started in May 2022, so the rates I listed were for 2022. Thus, the interest rates are currently higher now than last year.
5) IMO...the new COOP preferred that will be issued will have a coupon rate, so if the coupon rate is greater than the cost of a loan, then
a) No taxes due on the loan, because it is not considered income
b) The coupon rate should be in excess of the loan costs
c) You might be able to deduct the interest paid on the loan (consult your tax professional)
For example: if the loan cost is 5%, then you need to have a coupon rate of more than 5% to cover the cost of the loan.
From bp. Hold2wm:
First of all, Yahoo and many of the main-street media work for those large banks in one way or another. IMO after June 30 of this year, we are going to see many of the large settlements and FDIC will get some billions but as I said many times, they won't get their target amount. ($400 billion)
Folks need to know the defendant banks, are large banks including JPM, BAA, Citi, CS, DB and BBA ones.
***********
This $400B that many refer to is what the fdic wants. Is it all for wamu? Who knows.
$5B dry eye market. OKYO well positioned now.
This will be a $10 stock near term. Once approved, blue sky territory because it is a lipid vehicle for dry eye plus antiinflammatory for irritation and pain relief. I love this stock.
newflow, that is a bizarre reply from you.
The $1.88B paid by JPM was an administrative fee. That has been noted at least 1000 times now. Geesh.
BOP affirms escrows will get paid.
BP has many very astute folks there and several are adamant that we will be getting paid soon. BOP says the Ps will Eventually pay 70k each! While I find that wishful thinking the math does add up. $700B is due to return based on the actual numbers. Imagine....
I'd be happy with 10B to give Ps par and Qs to get 1.85 ea. But it looks like it will be much more. Hang on. And no....JPM did NOT get it all for $1.88B. Stupid to think it did!
Sounds like AZ deserves several apologies....
Thanks boarddork. We need to give this process time to play out.
I don't divulge any personal finances on the internet boards or anywhere else for that matter.
I have been asked similar questions about how many of each flavor I own, and I say, sorry but it is nobody's business but mine. Why does anyone think they have the right to know someone's specific financial information here or anywhere else???
Boggles the mind...
Bop, dmdm, etc on bp say 75 25 to the end.
Its been dissected and discussed there ad nauseum. Ron and AZ feel otherwise and also put forth a solid argument. In bk, the commons own the estate. However, this bk is different for many reasons. We shall see who is right. If we ever even get anything....
Remember, we are talking Dimon and fdic, two of the most corrupt entities in the financial world.
If you hold your breath you might want to buy an oxygen generator.