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Rosencrap would due anything to keep us out of the waterfall. He is not working for our interests and I would not be surprised he is holding the waterfall for the benefit of someone else or just to piss us off.
His last recent comment of a distribution was a hoax he just wants to laugh at retail. Do not believe anything that A#$le says...
Where the heck did you get that nonsense AZ has never said that. In fact I cannot think of any of the major posters ever saying that. The question has always been NOT if but rather how much. Some are in the 10B camp and others in the 150B camp LOL. AZ has always said we will be happy with the returns to the tune of $10 per escrow. Read a little...
LOL AZ, Thanks you should be teaching Bankruptcy 101 at Harvard but I could easily see some here failing your class.
Remember we have until 2030!!
Well that is only if WMILT does not get another extension from WAlRAt...
You are welcome!! I do not follow the Lehman case too close but I believe there is only 50B NOL's. A lot of controversy people think it will not be put to use like in the WAMU case. Looks like the estate is broke and there will be nothing left. Im excited because Ron post suggests the bankruptcy may close in 2019 or 2020 and I just want to see the outcome and what my lottery tickets bring.....
SOON????!!!!! Quote:
We will start to get paid in 2019 and this will be proven soon.
What does that mean!!
Yes,I got Lehman escrow markers just like WAMU!! plus bought capital trust shares
Rolling the dice!!
QUOTE: LBHI, EXHIBIT A CLOSING DEBTORS.
Entity.---------------------------------------Case Number
Lehman Brothers Commercial Corporation --------08-13885
Lehman Brothers Commodity Services Inc. -------08-13901
Structured Asset Securities Corporation -------09-10558
$4,835,540,710.44 to LBHI from LBCC.
https://dm.epiq11.com/#/case/LBH/dockets/59383?debtorId=1906
I still contend that the reason these 3 LBHI subs can close is because LIBOR is settled. LIBOR was the last leg of the 2008 Credit Crises and the FDIC's suing of the Big Banks for LIBOR/Currency manipulation that harmed other Banks like WMB profit structure.
LBCC and SASC would/could have investment payments based on LIBOR just like WMI/WMIIC was structured. WMI's Series K dividend is based in LIBOR.
By Ron 66271 over WMIH board
Ron that is great news thank you!!
Thank you,maybe my lehman escrow will pay off before WAMU
QUOTE:
So they placed this bogus employee claims as a means of keeping the bankruptcy open while waiting for the release of our remote bankruptcy assets?
That is a sensible assumption!!
$100/share Yes, it is doable but at the rate this is going maybe in another 5 years. I did not invested here for a 15 year crappy return...
WillieRat sold our arses downriver long ago...
Excellent analysis AZ this is exactly what I think has been happening all along and Im glad I am not the only who thinks this way. This has been ridiculous the key players have gotten away with all this BS on WalRat's court. I wonder how much more she will let them get away with. I told you I did not see any clear end in sight, I wonder how much longer she is gonna allow this orchestrated charade to go for maybe indefinately...
Thanks AZ, Im sure if you come up with an answer you'll let us know.
Suckmann should have retired before taking this case.
LOL why would you want Suckmann back when it was him that put us in this position/situation. No we need someone else..
AZ can you think of the real reason why they are holding the waterfall? I mean even if the employee claims were not as bogus as they are the management still had many chances to pay PIERS in full but to this day it has not happen yet. It seems to me they have been purposely withholding payout I thought maybe because all these other side settlements had to happen but now what is the excuse?
Good job, at least you are trying something real but I think it will fall into deaf ears.
Well think about it, the Equity Committee was supposed to watch for our interests so did Suckmann. Now I believe many people have made several inquiries to these people without any success at all. If the people that were supposed to defend us basically ignored us what do you think will happen when you ask other government entities or court for answers? If you ask me is a waste of time. We are at the mercy of the court, the rich and powerful and they do not care about retail, Yeah we are f%!#@$.....
We are at the mercy of the court they are not going to share anything or disclose anything to the public. That much should be obvious by now,if they have not released any details in 10 years why would they release any detailed information about the bankruptcy now...
I told you Rosen special distribution was a hoax but noone believed it. He has been toying with and laughing at retail holders for years while charging the estate ridiculous amounts of money....
Understood, we are after the trusts its been explained by AZ Cowboy many times but the question is WHY is it taking so damn long for FDIC and the RAts to close the Bankruptcy????? what's the hold up if there is no money it should be simple right?? yet its not happening after 10 years
Split, how is the class action Lawsuit going??I heard you already recruited several hundred people. Delaware court gonna shiat their pants!!
GEEEEZZ,NOTHING WILL HAPPEN ON MONDAY!!
Nice thank you!!, Hope POOP tanks to single digits so I can buy some more.
I think your CAPS Key is Broken LOL!!
Don, Sorry but I have to intervene on this one. Yes, she gave Nate a chance to speak up but she had to allowed that to be impartial right? Isn't that what the US Constitution is all about? Article three-Constitutional Amendments "Bill of Rights" and I Quote:
First Amendment:Government is instituted and ought to be exercised for the benefit of the people....
Second Amendment:The people shall not be deprived or abridged of their right to speak, to write, or to publish their sentiments; and the freedom of the press
Fifth Amendment:No State shall violate the equal rights of conscience
So I could easily say NO she was not doing us a favor it is her job to be impartial and uphold the Law giving anyone the right to speak.
People have the right to judge her as well she has done nothing but delay this bankruptcy on purpose to what end who knows but that is a FACT. Common how many years do you need to rule on employee claims when there is clearly no claim to be made in the first place.
IMO the people who criticize and doubt her intentions have a legit right to do so...
No I believe distributions starts on February 31...
Quote:
So that means by January 5 (Saturday) we should receive something for escrow?
AZ one question, something I never understood. Why did Suckman and I quote "As long as you pay us something we can wait however long you want" Isn't that kind of a lame azz stupid proposition for an educated person...
Sorry sometimes numbers are a little bit confusing to me especially if I see a dollar sign in front of it
Large Style Money before Halloween 2019!
LMAO!! Now this one comes true...
75B x 3% = 2.25B x 0 = 0
Thanks I could not find it,I think is sometime in March.
When is COOP next earnings report???
WAIT FOR IT, It's all we got left...
Quote:
They said 20 Bil coming back. Whose gonna paid for that? It's you, wamugold. You owned the wamu golds.
Welcome back Don, Thanks for the info and Happy New Year!!
AZ thanks for your input as always second to none.
AZ there is your mistake one cannot rationalize with people that are irrational, don't even try not worth the time and effort..