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Bops 600B claim has been stated by her on numerous occasions, and she Did say she spoke to her source again. So someone is FOS but it isnt me.
Bops source firm on 600B.
She has spoken to him twice now and the source remains confident.
So, is he FOS and playing a cruel game to discredit her or does he get pleasure out of the dialogue?
Possibly, but doubtful.
She stands by the sources credibility.
I understand the skeptics. Seeing zero in our accounts for 14 yrs...
But, keep in mind the silence of the hedgies. No lawsuits despite losing billions. Any of the skeptics find that curious?
I think the corruption we are up against is why 14 yrs passed with nada. But money of that size eventually must see daylight. Let's hope it's soon.
That is a fact Ron.
Few seem to remember that....
Lots of talk on BP about $150B offering by JPM last week on 4/6.
Could it be? Hmmm.
Plus the $500B in cash they've been holding for an "investment" for a year. Maybe they want to invest in some assets. Any ideas? Any assets out there they could pay for?
JPM pays cash for new HQ with WAMU money they stole from us.
Dimon will rot in hell, no doubt.
Bop and dmdmd are quite confident.
I personally don't believe their premise of 600B, however she does say that total could take 10 yrs to pay out. They also believe 75 25 to the end. Hmmmm.
So let's see.....bop is a bk attorney, who has worked for JPM and DB. Anyone here have those credentials??? Bet not.
New Ps will be issued.
I think this could all work out very easily. COOP or JPM would replace the Ps with new Ps that would be tradable, which costs COOP/JPM nothing to do.
Commons will get paid with either cash and/or shares.
Interest payments will be paid to all classes.
So based on who has the assets, IMO we will get paid. Why oh why are the hedgies and UWs so quiet? Think about it. They got screwed out of billions, yet no lawsuits?
Maybe, just maybe, bop's source is right after all. Let's hope so.
Word is end of Mar early Apr.
So, we shall see if the source is right or FOS.
Billions doesn't just vanish. Bring it on...
So who is The Source?
My guess is a JPM lawyer friend. She used to work for them, remember? So this source could have some credibility.
I doubt it is a UW lawyer, Rosen, or a hedgie lawyer. They know better than to discuss a matter as big as this with anyone in the corridor/back channel.
I also do NOT believe she is lying about this. Something is up.
The Mar Apr bop post also referred to the source, who she said she again had recently spoken with. That post is gone!
She/we only have to be right once. Right?
Bops post about Mar/Apr.
So, her post was edited and one was deleted, however she still refers to Mar Apr and does not consider it a deadline, but did state it as a date/time frame in the original post.
CSNY:
Just to clarify: I did not believe the 65 day rule was applicable, and said so. I also don't think March (or early April) is necessarily a deadline. I stand by what I said in 2014: holders of WMI legacy interests will receive stock in WMIH/Mr. Cooper. While I'd love for there to be an announcement in the next few weeks, it could be longer.
So the post was edited but she still refers to that time frame. Got it?!
You people need a chill pill.
The source last week told bop they stand by their info about payout this month or early Apr.
They also stand by their prediction of 600B, though that total will take years.
2.5 par could happen very soon. Lets see if they are right...
LargeGreen question on JPM buyout.
While I agree a buyout is possible now, wouldn't COOP be flying in anticipation of that event? It is not.
Maybe it is just a normal transfer of mortgages.
If JPM is going to service COOP mortgages, it is obvious they will be buying COOP. Why else would COOP do this? Makes no sense.
Escrows to be paid soon. IMO.
temocat, we are up against grave evil.
We all knew that from the start. The government, hedge fund managers, bank system, and elite are all evil and orchestrated the financial heist of the century. The FDIC and Dimon put this together because WAMU refused to sell for 8 bucks a share, so they just took it for free. Hundreds of billions. And why aren't the hedgies suing? Either they know something about us getting paid, or they already got paid under the table somehow by Dimon.
And our worthless, corrupt government was in on it. The money is hidden offshore, likely Switzerland. We may never see a penny.
If they were smart they'd pay us something just to shut us up. But that could be unlikely because they can easily just keep it all. I hope those who did this to the shareholders and employees rot in hell for what they did.
Bop recently talked to her source again.
The source sounds legit to me. I was skeptical at first but as this goes on I'm starting to believe her. She is brave, as she knows everyone now knows her ID. Give her credit. I don't think she'd be making all this up.
Her source is unwavering. She is confident he is accurate, so it must be a solid source in her opinion. While I think $600B is extreme, I'll go with the source. Now, that's over time, not immediately.
Dmdmd is confident in 109B. I am in that camp near term.
And remember Doreen can only speak of the LT, which now is history. Let her have peace. Her work is done.
The LT is done. Got it?
There are multiple avenues for payments, discussed ad nauseum. Hope to hear something in the coming weeks, but certainly in this year.
Does anyone really think the big boys gave up billions on this??? Ha.
Relax. Have a cocktail. Smoke a fat one. Whatever you do, relax!
Doreen is only able to discuss the LT. Got it?
Our money is NOT coming from the LT. Relax.
Please stop bothering Doreen Logan!!
This is stalking and there are laws about this. Enough!
Will the real Doreen Logan please stand up.
How many Doren Logans are there now. LOL
I got this email from Doreen:
Thank you for your inquiry. I predict that $600B will return to equity holders. Enjoy your new lives....happening soon. Your torturous wait is coming to a close.
Sincerely,
Doreen Logan
P.S. You guys got to stop sleeping with dumb girls because it's rubbing off on you!
And please stop bothering Doreen and be respectful of her privacy. Be patient!
thanks
Look, this is about the LT. Geesh!
Why don't people understand the difference? Bizarre.
Doreen worked for the LT, got it?
She cannot comment on ANYTHING outside the LT, got it?
Those who say Ps are 75 25 own Ps. Those who say commons get it all own commons.
BP is heavily in belief that this is 75 25 to the end.
I agree with both schools. Both will do very well. If commons get it all, then I think that Ps will be converted. Bop says 500:1.
Who knows. For now let's hope we all get something.
Rosen and Walrath were correct saying no assets....
There were none. In the LT! That's all they could comment on. Got it?
Our money was not ever going to come from the LT. The $300B + is outside the LT. I wish people would stop stating erroneous information.
The LT was never our source for payment and never will be.
The assets are out there. This has been proven a multitude of times. The challenge is going to be prying them out of the corrupt hands that control them now. Possession is 90% of the law.
It's very sad how corrupt our once great country has become.
Let's face it. This government is corrupt as is banking and Fed, FDIC, DOJ, etc.
Dimon was very well connected so he walked away with the financial heist of the century. I am a believer and think he will pay a dear price someday, as will those who facilitated this robbery. Life is short, but eternity is forever. Let's see if their souls feel any remorse when they are tormented in hell.
Not only did all the shareholders lose everything, but the employees of WAMU lost even more, their jobs, 401Ks, profit sharing. Everything! And surprisingly none of them squawk about this! None of them. Weird.
So let's see if Dimon has an epiphany. Or that we somehow do get paid. I think we have a chance, but I'm not holding my breath.
boarddork, you are right, and wrong.
Her ID was revealed to everyone when she filed her suit and discussed it on BP. That was bold of her. Many of us knew who she was before that, but respected her privacy and didn't reveal that. She did.
I do agree her antics caused delay, despite many saying it did not.
She must have a measly 3000 Ps, which is why she sued for $3M (par). 3000 Ps is NOT a high roller.
As for her source, who knows if she or they are FOS. I find $600B to be a bit unrealistic.
I listen to all opinions and theories. Let's face it, all us unicorns have been wrong thus far. But....we only have to be right once, right?
Bop. Love her or hate her, give her credit.
She is a BK attorney. She has worked for JPM. So has JPM lawyer contacts.
But most importantly, she knows that everyone knows who she is. No one else, not one, on any board, has revealed their true ID but her. She has guts, right or wrong.
I do NOT think she is making up this source. Now, whether or not the source is FOS remains to be seen.
But I respect her for sticking to her guns.
Bop: Q's go to $125. 500 Qs per P.
Let's see if she is right. She recently talked to her source again and he informed her that her opinion on $600B is accurate. She is 100% confident on her source's information.
She also is firm on 75 25 throughout.
She also says we will get coupons of around 8% or more. A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity.
I believe there are 144 hedgies and insts who are involved. The list is out there somewhere. I think bop posted it a while back.
I have a friend from the NFL and I asked him to talk to Tepper sometime about his take on the escrows. Let's see if he asks him.
The hedgies will not sue because they know payment is coming. Obvious. Same with the UWs. They all know.
I still say the admin at the time hid the assets in secret accounts offshore.
Dimon, Holder, Obama. Holder appointed Walrath to finalize the bk. Holder went on to get a big job with JPM.
The question is, will Dimon suddenly have an epiphany, or is he willing to take the chance, keep it all, and go down in flames once caught...
Why all the redactions?
Redactions are meant to hide evidence deemed potentially damaging to the parties involved. Why wasn't that pursued? Very strange.
Not to mention the scriveners error....
Corruption at its finest.
Got LIBOR letter today.
Will go to post office later to see what it's about. Anyone else get this??? Got one from Fidelity and TDA. Hmmm.
Ps will be exchanged for new COOP prefs.
Q's exchanged for COOP shares at a prescribed ratio.
The Ps will be tradable, thus costs COOP nothing, except the Ps will pay divs.
COOP gets the assets.
My best guess. Makes sense.
The DTC and Computershare have all our info.
Does anyone really think the hedgies were going to just let billions be deleted? Cmon man!
Remember who we sit at the table with.
Don't for a minute think that the hedge funds will take peanuts. Never happen.
We are fine. You will all see soon....
This would be a great time to disburse funds and shares. The world has more pressing issues now than some shareholders being repaid.
The stars are aligned. Let's see if that is a stronger force than our government's and banks' corruption.