current
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.
RD, thanks for sharing. I hope you are doing well.
I hope and pray you are correct for EVERYONE who signed timely releases by 3/2012 and put a beginning and/or end to this travesty of Justice that should have NEVER happened!
Xxx
newflow, thanks for sharing. Remember, the 15 billion in (SD) Subordinated Debt is the bonds.
1) Tranche four was the Piers that the Judge capped for getting caught in Insider Trading and were not due one cent more and tranche five is where the 15B in BONDS and/or SD reside
2) Tranche Six is where the former Preferred (WAMPQ) and former common (WAMUQ) reside
3) It appears to me the FDIC may be trying to mask the payback in the 15B worth of bonds via Libor. It would seem to me those investors who signed timely releases need to do no more as we are in Tranche six
4) I have all five flavors of the SD and have not seen or heard anything...YET
5) I believe this Libor Settlement is totally separate from those investors who signed timely releases by March of the year 2012 and this may indicate we are very close to getting paid BUT I have no way of knowing if this is related or not other than it seems there may be a link
XXX
LIBOR SETTLEMENT - ANYONE CORRECT ME IF YOU THINK I AM WRONG - THIS IS A TOTALLY SEPARATE SUIT (LIBOR) THAT INVOLVES A MAXIMUM of AROUND 70M WITH ONE DEADLINE OF THE LARGER AMOUNT of 68M HAS EXPIRED AND I BELIEVE THIS HAS NOTHING TO DO WITH SIGNING TIMELY RELEASES BY MARCH OF YEAR 2012 IN THE WaMu BK CASES
https://bondholderliborsettlements.com/Home
Welcome to the website for LIBOR Bondholder Settlements, filed in the United States District Court for the Southern District of New York (the “Action”).
In 2022, the Court granted final approval to seven settlements in the Bondholder Action with an aggregate dollar value of $68.625 million (the “initial Settlements”). Bondholder Plaintiffs have reached new proposed settlements with three additional banks: Bank of Tokyo-Mitsubishi UFJ Ltd. (now known as MUFG Bank, Ltd. (“MUFG”)), Credit Suisse Group AG (“Credit Suisse”) and The Norinchukin Bank (“Norinchukin”) (the “Subsequent Settlements”). These banks are known collectively as the “Settling Defendants.” The Subsequent Settlements, if each is approved, will create an aggregate Settlement Fund of $1.749 million.
In December 2021, the Court of Appeals upheld the District Court’s dismissal of the Bondholder Action on the merits, ending the case as to the remaining non-settling defendants. That dismissal is now final, and as a result, the Subsequent Settlements are the only remaining opportunity for members of the Bondholder Class to recover on the claims in the litigation. The only aspects of the Bondholder Action remaining before the District Court are the preliminary and final approval of the Subsequent Settlements and the ultimate distribution of the total aggregate of Settlement Funds from the Initial and Subsequent Settlements to members of the Bondholder Settlement Classes, and any related ancillary matters.
If you are a member of the Subsequent Settlement Classes, your rights will be affected, and you may be eligible for a payment from the Subsequent Settlements. The Subsequent Settlement Classes consist of:
XXX
Or, poor ole Fred got locked up in the Pokey!
Xxx
Posting for those who JUST DO NOT UNDERSTAND who cannot receive assets from the former WaMu Estate.
http://www.kccllc.net/documents/8817600/8817600120507000000000001.pdf
1.6 No Reversion to Debtors. In no event shall any part of the Liquidating Trust Assets revert to or be distributed to any Debtor or Reorganized Debtor.
Xxx
EXO, you are correct. Here are some of the proof and facts.
FDIC TRULY states HUNDREDS of BILLIONS in WaMu Assets - Yes, HUNDREDS of BILLIONS
https://www.fdic.gov/about/strategic/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf
***Bottom of page 7***
'Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF
These investment decisions had to be made prior to 2/8/2012 in order to exchange a former WaMu EQUITY investment to receive NewCo/WMIH shares multiple times and also our BELOVED Escrow shares. The following are the simplified facts about the former WaMu investment vehicles.
Have I told you lately how much more I really love my Timely-Signed Releases which continue to grow immensely every single day forward?
xxx
Stox, I posted about this more in-depth before regarding a DST. I will just speak now in cliff notes. You can look my longer post up regarding this if you choose.
1) Around the second week in March of the year 2012 WMI (yes, WMI still alive) became a (DST) Delaware Statutory Trust with William Kosturos with God-like powers as DST Trustee
2) The (ED) Effective Date of March 19, 2012, goes down in the history of this case as one of the MOST significant actions in case history
3) The ED case confirmed WMI as a DST and more than likely Safe Harbor, BK Remote assets were transferred into this DST
4) We cannot prove it but I say investors who signed timely releases by 3/2012 are BENEFICIARY RECIPIENTS of this DST and will be notified at some point
5) Remember, point number six of seven of the Seven Deadly Sins of a DST and this point describes a DST timeframe for pre-agreed distributions MUST happen in a timely manner
6) The problem is we do NOT know the pre-agreed timeframe for these distributions but there are a few cast of Characters that know and the real reason we have not seen adversary filings filed to date
xxx
ItsMyOption, the reports you speak about such as 10Q and 10Ks are nothing MORE than historical documents.
Everything that will be in these reports has ALREADY happened so nothing new and nothing more other than if the company lost and or made money in the case of a 10Q.
A publicly traded company has four BUSINESS days to report ANYTHING material in form 8K filing and these are strict filings that MUST happen in a timely fashion.
A (DST) Delaware Statutory Trust is a different animal and does not have to report filings similar to an SEC ACT 34 reporting company and the same applies to WMI. If WMI issues private placement securities to those investors who signed timely releases then WMI will not have to file SEC ACT 34 public filings either.
xxx
Thank you Cura
1.6 No Reversion to Debtors. In no event shall any part of the Liquidating Trust Assets revert to or be distributed to any Debtor or Reorganized Debtor.
Xxx
Great to hear from you, Cura. Do you still believe in returns and if so any timeline?
WMI accounts and DISPUTED accounts.
https://www.sec.gov/Archives/edgar/data/933136/000090951811000067/ex-459pgs3_test.htm
____________________________________________
Large Green
Member Level
Re: cura asada post# 685533
Saturday, January 14, 2023 4:03:48 PM
Post#
701383
of 701408
cura, I hope you are doing fine as we have not heard from you since September of the year 2022. You wrote the following that I find very interesting and I am sure others also.
______________________________________
cura asada
Re: soundincrest post# 685256
Thursday, April 14, 2022 5:15:52 PM
Post#
685533
of 701381
We need to wait till the end of the Closing Date period. Which is 12 months after February 11 2022 the Closing Date.
_________________________________________
I believe you were discussing finishing the NSM merger with shares issued to those investors who signed timely releases by 3/2012.
Your date of February 11, 2023, for issuance of those shares, is almost upon us already, and curious if you still feel this way.
Thanks for your thoughts...LG
xxx
cura, I hope you are doing fine as we have not heard from you since September of the year 2022. You wrote the following that I find very interesting and I am sure others also.
______________________________________
cura asada
Re: soundincrest post# 685256
Thursday, April 14, 2022 5:15:52 PM
Post#
685533
of 701381
We need to wait till the end of the Closing Date period. Which is 12 months after February 11 2022 the Closing Date.
_________________________________________
I believe you were discussing finishing the NSM merger with shares issued to those investors who signed timely releases by 3/2012.
Your date of February 11, 2023, for issuance of those shares, is almost upon us already, and curious if you still feel this way.
Thanks for your thoughts...LG
xxx
EXO, you are correct. Here are some of the proof and facts.
FDIC TRULY states HUNDREDS of BILLIONS in WaMu Assets - Yes, HUNDREDS of BILLIONS
https://www.fdic.gov/about/strategic/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf
***Bottom of page 7***
'Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF
These investment decisions had to be made prior to 2/8/2012 in order to exchange a former WaMu EQUITY investment to receive NewCo/WMIH shares multiple times and also our BELOVED Timely-Signed Releases. The following are the simplified facts about the former WaMu investment vehicles.
Have I told you lately how much more I really love my Timely-Signed Releases which continue to grow immensely every single day forward?
xxx
NDT, thanks for pointing that out, Yes, it was Madbadger who discussed Magic Money.
Cxc
Strike, check with poster, Mwd44 about what he knows about MAGIC MONEY.
He will be spot-on 100% CORRECT in my view!
!!!
kevins, this is a good find. Now let me posit the following. WFC held three jumbo accounts for WaMu tax refund in the multi-billions, also for remittance of funds from JPM per Amended POR 7.
Further, I believe WFC was also a Trustee for some of WaMu securities including the 65 billion case involving JPM, DB, and the FDIC settled and 2B plus paid out to DB with 750M paid to JPM of the 65B. We never heard anything further from these accounts...hmmm...no doubt Safe Harbor monies...
Now could COOP be in the market to issue preferred shares for a huge portion of the WFC action then paid into a DST where the beneficial owners are those investors who signed timely releases by 3/2012? Seems extremely logical to me.
Just trying to connect some dots with a few facts tied in so interesting, to say the least in my view.
xxx
MadBadger, LOVE THE TERM MAGIC MONEY!
The MAGIC MONEY is linked by those MAGICALLY SIGNED TIMELY RELEASES by 3/2012 which in turn will spew LARGE GREEN upon those investors who had the MAGIC ABILITY to accumulate those MAGIC CUSSIP numbers.
xxx
Hard to say but if the FDIC has their prints on this then we may be at their mercy but who knows for sure.
In a DST point six of the 7 deadly Sins they discuss preagreed timeframe for distributions but we do not know what that sealed document states time wise
Xxx
Mwd44, you gave several valid points. There are many, many more. They have been posted many times by the reputable posters and many of these are backed up with facts and proof.
If posters really want to know all they have to do is read the reputable posters posts.
It is possible we may have to wait until the Receivership is reconciled and released along with the FDIC.
Xxx
Nova, very simple. The Perps are generally able to zero out ALL of equity in the majority of cases where there are actually assets.
This just as they tried to do for four years in the WaMu case before allowing Equity to play because the Perps were caught with Insider Trading so enter Nate Thoma who testified successfully in front of Judge Walrath. The Wall Street Journal wrote an excellent article about Nate Thoma successfully neutering the Hedge Funds.
Xxx
nova, you ask the following:
Is there a single precedent for a company completing a BK and subsequently distributing BK remote assets to former equity?
______________________________________________
Obviously, there are probably many BUT unless you were part of one of these there is no way to know which is why the Perps tried endlessly to zero us out so there would be no tracking in the bk cases of BK Remote assets.
Further proof is if there were not any of these cases then legal terms such as Safe Harbor, BK Remote assets would have NEVER existed because there would be no need for them to exist.
xxx
He Fred. Hope you are having a great New Year!
I told you about UWBKQ distribution will not be until year 2050 a couple of years ago so I am right so far
Courtesy of BP newflow:
FDIC as Receiver for Washington Mutual Bank v. Am. Fin. Network, Inc., Case No. 8:22-cv-00281 (U.S. District Court for the Central District of California Filed Feb. 22, 2022).
FDIC as Receiver for Washington Mutual Bank v. Trustworthy Mortg. Corp., Case No. 8:22-cv-01075 (U.S. District Court for the Central District of California Filed May 31, 2022).
FDIC as Receiver for Washington Mutual Bank v. Ark-La-Tex Fin. Servs., LLC., Case No. 8:22-cv-01491 (U.S. District Court for the Central District of California Filed Aug. 10, 2022).
FDIC as Receiver for Washington Mutual Bank v. Everett Fin. Inc., Case No. 8:22-cv-01692 (U.S. District Court for the Central District of California Filed Sept. 15, 2022).
FDIC as Receiver for Washington Mutual Bank v. Guild Mortg. Co., Case No. 8:22-cv-01832 (U.S. District Court for the Central District of California Filed Oct. 6, 2022).
https://www.fdic.gov/resources/resolutions/professional-liability/lawsuits.html
Xxx
NUMBER 6 of 7 WILL PLAY A VITAL ROLE IN OUR POTENTIAL DISTRIBUTIONS-THE DOTS ARE CONNECTING
Remember, WMI NOT to be confused with WMILT became a (DST) Delaware Statutory Trust around 3/8/2012 then became effective on the (ED) Effective Date of March 19, 2012
https://seracapital.com/1031-exchanges/the-seven-7-deadly-sins-of-delaware-statutory-trusts-dsts/
"The Seven Deadly Sins of Delaware Statutory Trusts (DSTs) Explained
***REALLY, REALLY REALLY LET NUMBER SIX SINK IN NOW***
6. All Cash, Other Than Necessary Reserves, Must Be Distributed To The Co-Investors Or Beneficiaries On A Current Basis According to the IRS regulations, DSTs are allowed to keep cash reserves on hand to cover emergency maintenance and repairs issues. However, they are required to share the earnings and proceeds realized from the DST to its beneficiaries within the agreed distribution date. This deadly sin prevents trustee misappropriation of funds and protects beneficiaries’ rights to receive their earnings promptly.
***NOW JUST READ THE FOLLOWING AND LET THIS SINK IN FURTHER***
required to share the earnings and proceeds realized from the DST to its beneficiaries within the agreed distribution date.
xxx
IPrelude, you said the following:
Common sense + Big BoyZ in our boat + UW (way more recently) also in our boat + R alive + ... + indicate differently :)
———————————————-
This is the BEST short post I have seen in a long time filled with PROVABLE FACTS that always seem to be very troubling for investors who did not sign timely releases by 3/2012
Xxx
Actually, this will not be over until the “R” is resolved and terminated with the FDIC and other Players released
All it takes are signatures from these high level Players to release the monies and will NOT happen until this action takes place!
Xxx
jhdf51, remember December 31, 2021, when we found out around January 10, 2022, that a HUGE procedural action happened and that was WMILT being canceled and NOT to be confused with dissolved which meant more actions such as combination, merger, distribution, and more and we have yet to find out what these actions were.
Also, remember what the Source said regarding assets. They will have to be shown on COOP's balance sheet at some point.
Maybe this happened in the last few days of the year 2022 such as Friday, December 29, 2022 they would have FOUR BUSINESS days to file the 8K and other filings such as stock issuance.
So, we wait a few weeks into January 2023 to see if anything actually happened in late December 2022 similar in principle to what happened on 12/31/2021.
xxx
Delaware Statutory Trust Certificate of Cancelation
https://www.realized1031.com/blog/what-is-a-delaware-statutory-trust-dst-certificate-of-cancellation-and-how-does-it-work
Xxx
JHDF51, I believe itis apparent to many here that COOP has and is being held in a range UNTIL the missing piece arrives. Yes, that could be Tuesday or later this year.
ONLY time passing and filings will show us the way forward. It appears this case and another one similar in principle has TWO actions in common and they are THE PERPS were caught doing the DIRTY and LIBOR.
So, it appears Libor is the action holding both of these cases at bay until resolved.
xxx
newflow, GREAT sleuthing! YOU ARE SHOWING THE VERY PROOF of ASSETS IN QUESTIONS #s 68 & 69…SO, IN PREVIOUS PORs THE ASSETS WERE DISCUSSED!
This is SUPER REREAD and a reminder of the assets as the Equity Committee was challenging the court to get our assets and value on the record. So in the end yes, those assets are still there and should very soon be available to those investors who signed timely releases by 3/2012.
This was obvious in previous Plan of Reorgs such as POR 5 and/or 6 where they tried to zero out equity so the Perps could be the last man standing in tranche four with Piers which was a Hybrid Security, part equity and part creditor which legally allowed them to receive all the spoils.
However, the Perps were caught and had to share with equity in Amended POR 7 which was signed by the court on 2/23/2012.
The only thing that changed was the payout Matrix where Piers was capped in tranche four with NO FURTHER PAYOUT (penalty by Judge for I.T.) thus allowing Equity to receive all the spoils in tranche six.
Please look at numbers 68 and 69 which it discusses the assets and questions concerning why the value is hidden from Equity.
http://www.sidedraught.com/stocks/WashingtonMutual/Equity%20Committee/Missing%20bytes%20-%20-EC_DS_objection%20to%20POR.pdf
HAVE I TOLD YOU LATELY HOW MUCH MORE, MORE AND MORE I LOVE MY TIMELY SIGNED RELEASES THAT CONTINUE TO GROW IMMENSELY EVERY SINGLE DAY FORWARD?
xx
To layer and hide actions through these type of filings only means one thing in my view…
so this must involve some type of assets otherwise, why perform these actions?
Xxx
HAPPY NEW YEAR 2023!
So now we wait to see if anything was filed in late December 2022 similar to what happened on December 31, 2021, when WMILT was canceled leading to more UNKNOWN actions such as consolidation, mergers, distributions, and more. This was a HUGE procedure and process move to get us closer to the finale.
Thanks to Newflow who found an active address for WMILT in Arizona...hmmm, hmmm so look at his recent posts concerning this action.
Yes, there is more in play here than meets the eye so we patiently wait for filings and passing time to show us the way forward!
xxx
Wow Newflow, excellent due diligence and find. So, let us hanicap what we know for facts.
1) WMILT was canceled on 12/31/2021 not to be confused with dissolved as canceled means more actions such as merger, consolidation, distributions, and more
2) Per WMILT advised after the cancelation of WMILT on 12/31/2021 that they would be finished with Ministerial Details on or before March 31/2022 and they would not make any further filings regarding the same
3) Could it possibly mean they have one year from the end of Ministerial Details which was March 31, 2022, for distributions...hmmm, hmmm
4) Since you found WMILT with an Arizona address, I am not sure what this means other than a possible combination with another entity or similar as stated in number one
5) ANYONE's thoughts on newflow recent discovery
5594 W CREEKSIDE Ln, Queen Creek, AZ 85142 - Redfinhttps://www.redfin.com › Arizona › Queen Creek › 85142
4 beds, 3.5 baths, 3869 sq. ft. house located at 5594 W CREEKSIDE Ln, Queen Creek, AZ 85142 sold for $485000 on Apr 25, 2014. MLS# 5052957.
Missing: 85142-3163 ?| Must include: 85142-3163
_______________________________
LG and others check this out.Cheers.
License Information:
New search
Back to results
Entity name:
WMI LIQUIDATING TRUST
Business name:
WMI LIQUIDATING TRUST
Entity type:
Trust
UBI #:
603-195-774
Business ID:
001
Location ID:
0001
Location:
Active
Location address:
5594 W CREEKSIDE LN
QUEEN CREEK AZ 85142-3163
Mailing address:
5594 W CREEKSIDE LN
QUEEN CREEK AZ 85142-3163
Excise tax and reseller permit status:
Click here
Governing People May include governing people not registered with Secretary of State
Governing people
Title
Governing people
Title
LOGAN, DOREEN
SMITH, CHARLES EDWARD
dor.wa.gov
check business look up
WMI Liquidating Trust
xxx
Newflow, thanks and I fully understand. Could you give me a timeframe of when I can expect my move to SW Florida?
Xxx
How about a PM? If no, no worries
Is it worthy of discussion and/or off topic to distributions?
Yes, so I do not think they would have made that big of a mistake
Nova, Amended POR 7 was approved by the bk court on 2/23/2012 in the case of WaMu
Xxx
Murdock, thanks for your reply. I believe your assessment may be spot-on correct! In my post you just responded to which I find very, very encouraging...it basically proves there are returns or the entire agreement is baseless and I highly doubt this battery of very expensive legal work is for nothing.
So my conclusion is the FIC basically admitted there will be returns or this would not have been drawn up as the FDIC is NOT going to hold worthless WAMPQs claims waiting for ZERO to return for which the FDIC would have screwed itself out of monies otherwise paid for by other means.
xxx