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thelimeyone
Still bullish on GEQU? only 10c?
TIA
Take Care
David
BBANBOB
Where did you see JPMC closing 750 branches? And BTW the brick and mortar branches(building and land should be assets of WMI and come back to the estate as illiquid assets, imvvho.
Take Care
David
fwh
And you can bet that the hedge funds are on this like white on rice. So glad we are riding their shirttails! The DB case claim is one of the last holdups here,imvvho.
Take Care
David
Boris,
Well said! My sentiments also.
Take Care
David
Donot,
A lot of incorrect statements in your post. I will only address one which is probably the most important:
"The economy has grown massively over last 6-7 years" Actually the growth has been rather anemic in comparison to other recoveries from recessions. We should have seen GDP growth of 4-5%. We have seen 2%-2.5% at best and I am being very kind.
This is directly related to government economic policy. Period!
We are losing ground, not gaining. Nuff said!
fwh
And if 100B comes back they will get 68B and we will get 32B. I for one will not begrudge them that. We opted to keep in the game. Others did not. Plain and simple. And if it comes to only 10B coming back then our take is 3.2B and so be it.
For all marker holders:
Keep the faith and don't get uptight about what you can't control anyways! lol
Take Care
David
fwh
Disbursement of funds by the FDIC-R will last past 2018,imvvvho. Just the nature of the beast when you have illiquid assets to be sorted out. But we will be receiving distributions to our accounts yearly for some time, again imvvvho.
Take Care
David
LG
Thanks of course for posting.
I remember the court proceedings. Just didnot sink in at that time due to my layman status.LOL Very clear now BTW!! It is all coming together for some of us,isn't it?!!
Take Care
David
tcr
Rotella worked for JPMC!
tcr
1..disclaimer-eventually over a few years.
Take Care
David
continuity
Fool again is acting the fool. The 1.9B was an initial payment. They conveniently left that detail out of the article to make the deal more spectacular. These reporting rags are so lame.
Take Care
David
BBANBOB
Well, after all folks, this was one gigantic colossal enormous screw up on the part of the FDIC which is ongoing and has been ongoing for 7 plus years now and there is NO reason to expect it won't take a few more years to "TOTALLY" unwind, don't you know!!
I personally have a good feeling about the markers(of which I have few)and WMIH(of which I have many).
I am still of the opinion that the DB court proceedings are, in some way shape or form, causing a roadblock here as far as claims go.
Time will tell.
Take Care
David
fsshon,
Don
Do you know the status of the DB court proceedings?
TIA
Take Care
David
Boris the Spider
Do we have an up to date status of the court proceedings for the DB vs FDIC case? I think this is in Judge Collyer's courtroom.
TIA
Take Care
David
biblblt
Having a decent summer in Michigan. Finally got hot in August. Let us see if Corus gets hot!!lol
Take Care
David
Royal Dude,
Thought so. What is the possible timeframe in that case.
TIA
Take Care
David
JWW
And for sure WMB was NOT insolvent! Why in the whole wide world would JPMC be going after an insolvent bank of the size of WMB. Ludicrous to even contemplate such a notion!!lol
Take Care
David
yes9
Us?
Take Care
David
fsshon,
Don
I personally don't think JPMC will give much, if anything, back to the FDIC. I believe that JPMC will pay the FDIC for assets received from the "transaction" back in 9/08. The $1.88B was a downpayment,imo. Time for JPMC to pay up, IMO.
Take Care
David
dbg
Same with me
Take Care
David
Large Green
In your opinion, is the Deutche Bank litigation detrimental to the overall progress of WMIH moving forward in the near term?
TIA
Take Care
David
AZCowboy
Do you know the status of the Deutche Bank litigation? Sees that case might be holding up things here.
Keep up the good work and fight!
TIA
Take Care
David
boarddork
Please see my post 430264.
TIA
Take Care
David
investorhub123,
I guess it all boils down to the equity that in the holding company before and after WMI filed for BK. My opinion is around $160B per my DD. Using comparisons with other bank holding companies of its size, one quickly can see the quantity of non-banking subsidiaries and their asset value as related to the total value of the holding company per se. JPMC, BTW, is an excellent example as is Wells Fargo and others. They all have a ton of non-banking subs worth billions and billions.
And I think I may be a little conservative with the $160B which I am prone to be anyways since I am half Scottish(and half Irish).
The waterfall will dwarf Niagra,IMVVVVHO. Patience.
Take Care
David
BlueeFoxx,
Thanks for pointing that out.
Take Care
David
Royal Dude,
Does anyone think it strange that BGRP(formerly CPMK) has been basically non trading since the merger and now is moving down with WMIH? BTW CPMK traded very lightly for a long time prior to the deal with Bluestem. I still maintain it is a merger(not acquisition)target for WMIH.
Just my 2 cents worth.
Take Care
David
boarddork
WMI "OWNED" WMB. JPMC paid a premium of $1.88B to buy WMB from WMI in 2008. JPMC has the right to buy the assets of WMB from the FDIC. FDIC will return the residuals of the sale to JPMC to the estate of WMI. Escrows holders are the benefactors of the residuals returned to the WMI estate. It is estimated that the residuals will be in excess of $160B. Am I on the right track?
I don't have too many Pref and common escrow markers so it is not as interesting for me as others on this board but I do have a BIG bunch of shares of WMIH so that is the game that has my attention in this melee.
GLTY and GLTA
Take Care
David
red
Are there like 90 employee claims? Is there a possibility all will be dismissed (broadbrushed) as FDIC is requesting? Lets see if the piers get paid on 8/1.
Take Care
David
boarddork
Was WAAC a sub of WMB or WMI?
Take Care
David
boarddork
Good post as usual. Appreciate your input from time to time and it ha been timely!
GLTU and GLTA
Take Care
David
ed
And this was why new laws were put in place(after the fact)to prevent such an occurrence in the future. And believe me the way things are going something similar to the WAMU fiasco WILL happen again in the future.
Take Care
David
distro
Wonder if WMI provided fund and deposited them at WMBfsb. Although WMBfsb was a sub of WMB, it still could have received funds from WMI. I seem to remember something to that end being discussed(ions ago of course).
Take Care
David
scr
Whew!!! Wow! You are the man!! Great overall DD for the Board! What a terrible fiasco this was. I was fortunate to be part of it and made a goodly sum. Not bragging just fact.
GLTY and GLTA!
Take Care
David
scr
will probably take at least 3 years to divvy out all the proceeds to the escrow holders. It will be nice to receive a very comfortable stipend every year!
GLTY and GLTA
Take Care
David
wowalters
So where is the 4B now?
Take Care
David
crey
10/4
Yes holding companies are not in the business of making money,are they? Most on this board do not have a clue about the financial structure of holding companies or they would understand that WMI was organized into banking and non-banking entities very similar to the likes of JPMC,Citibank amongst many others. To insinuate that WMI had no assets is just plain ignorant and has been perpetuated on this board for a long long time by very very ignorant posters.
Take Care
David
pickstocks
WMI assets were not sold to JPMC.
tanj
Have you brought this up lately? It does get to the meat of things here after all.
Take Care
David
pickstocks
More WMI NON-BANK assets still in the mill and waiting to surface, imvvvho. And BTW I do not see you being able to refute that as you have no evidence to the contrary. Now, let us move on and wait!lol
GLTY and GLTA
David
the pyramid
Really had nothing to do with the specifics of ownership of the mortgages then? Just a little blue sky publicity for JPMC. How nice. NOT!!lol
Take Care
David