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How long has it been since Willingham has even mentioned escrows?
Wonder if anybody that signed the releases had any idea that this would be such a long process. A we are still "in the dark" about any future distributions with nowhere to turns for information on the status of escrows.
Can there be a court order to force JPM to pay the Jr Bonds if they are JPM's responsibility? If so, and they refuse, could they face stiff repercussions?
zeke, I thought DB, JPM, and the FDIC already settled. What's the last third of DB and the FDIC to be settled?
It has long bothered me the lack of interest any politicians and media have had in checking into the Washington Mutual seizure as well making sure the ravaged preseizure shareholders got some retribution.
What I am wonder now is, if the hedge funds that have a bunch of escrows, could be huge donors to some politicians. If so, maybe they can encourage some politicians to check into the lack of movement on escrows distributions.
Ditto !
"Already in the Works" AzCowboy, do you plan an inquiry of some sort?
Did Susman take pride in getting "fair and reasonable" for escrows? It remains to be seen.
It's high time for our hedge fund buddies assert themselves. 9 to 10 years, whatever in the hell it is. They must be getting impatient, too. Don't they have clients to answer to after all these years?
Large you seem to be getting more realistic. It's looking to me like escrows will continue to get"strung along". Obviously, our Congressional representatives and the media could care less about justice in this matter.
Donald J. Trump could help us. If he just would. No other politicians or media have ever.
I know there are many "tagging a long". That doesn't bother me. I'm just am praying for justice for me and many other pre-seizure holders.
As a Washington Mutual pre-seizure shareholder, after enduring the injustice the Washington Mutual seizure fiasco. The lack of empathy from those elected and appointed to monitor such behavior, nothing unethical surprises me anymore. Also, the media coverage of this was preposterous. Shameful !
gary, I'm just saying the pre-seizure holders were wronged "big time". They deserve to be rewarded for that.
Is ron the only person on this board that knows what Rule 144 pertains to? Obviously, I don't. Among the multitude of rules and regulations that I don't know.
lodas, another reason Washington Mutual pre-seizure holders deserve to be compensated handsomely via their escrows.
Is the injustice toward Washington Mutual pre-seizure shareholders the biggest injustice to common shareholders in the history of the stock market?
What's Rule 144? Could it be significant or just a hopeful fantasy for escrows distributions?
goodie, thanks for the explanation.
goodie, what the heck does that mean?
"the preferred escrows get all the safe harbor waterfall."
Needless to say that would be very disconcerting, and subject to serious legal challenges.
Point very well taken, LG. That fact has remained in the back of my mind throughout this ordeal.
We have a BOD that doesn't say much. That could be good or scary. I would prefer that they offer more guidance to shareholders.
ron, please tell me briefly about Rule 144. Must be a significant factor here.
Should this "trickle down" to escrows in February 2018?
This, too, is interesting and encouraging.
ron, are you in the camp that escrows distributions could, potentially, come in February 2018?
These are certainly very interesting and encouraging statements to decipher,
"Distributions of the Received Funds will be included with the monthly distributions on the WAMU Securities; accordingly, distributions to holders of particular WAMU Securities will be made to holders as of the record dates for such WAMU Securities for the month or months in which such distributions are made."
"The Trustee does not anticipate that distribution of the Received Funds will occur prior to the January 2018 distribution dates for the Trusts."
So then it comes down to if "washington mutual security holders" = escrows marker holders.
Large Green, not to nitpick, but how did you determine this to mean escrows distributions?
Large Green, did DB say that sometime in 2018 there would be escrows distributions, specifically, from the 65B settlement?
Is there any solid evidence that there could be an escrows distribution by the end of February 2018?
Were none of the politicians or any of their relatives not victimized by the Washington Mutual seizure travesty?
I just don't get why somebody with some real influence hasn't given this more attention. Maybe they still will if no "fair and reasonable" pretty soon. I would think 10 years is long enough.
Why NO help from anybody in Congress after all these years, for their escrows constituents, after getting their investments ripped apart. That has bothered me. Why hasn't anybody at this capacity stood up for us?
Obviously, that would be better than nothing. But not ideal for many older escrows holders that have already had to have bountiful patience to see any "fair and reasonable" fruition from their releases.
Not to mention many of the recipients of the payments who have waited along time.
Why would the payments have to be extended out for that long of time (432 months)?
Don't know what RD posted about Dell. But DVMT is looking very good at the present. I wish I could say the same for WMIH. Maybe one of these days.
I do ask a lot of questions. Maybe it's because I see so much ambiguous stuff posted. At least it appears that way to me. I guess I'm just hoping something actually "sticks to the wall".
Royal Dude, please elaborate. I just don't see the possible connection. I certainly hope you're right.
Royal Dude, please help me understand how this relates to escrows. There may be others curious, as well.
Royal Dude, how does this relate to escrows?