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Wells Fargo pays US$335m over dodgy mortgages
(20 mins ago)
Wells Fargo said it will pay US$335 million to settle claims by Fannie Mae and Freddie Mac that it overstated the quality of mortgage securities it sold them.
The US bank said the two state-controlled housing finance agencies had agreed to the sums having earlier pulled out of a class-action suit against it for overstating the quality of mortgage-backed securities it marketed in the run-up to the 2008-2009 financial crash.
The settlement involved the Federal Housing Finance Agency, the conservator for the two agencies, Wells Fargo said in a securities filing.
The government was forced to rescue the two agencies during the crisis, which was marked by an implosion in the housing market that delivered huge losses to holders of trillions of dollars worth of securities backed by what turned out to be low-quality subprime mortgages.—AFP
Where can I see the after hour market how much shares will be trade !!!!
Regards from Germany
Hey Yanking this 2013 and those positions are as per the last august filling.Someone need glasses.I hoe that you aren going to open at page 2130/2132 http://www.exiderestructuringinfo.com/pdflib/498_11482.pdf I really think you want to provoke people with your language.Read before you sell rubish and don't lie.
Hey Yank you are really good in spinning the words.The facts is that Black Rock held in June 50K shares but now two months later hold 4.7Million shares or 6% of the total Stock.Wooowwww what a change of facts ?? No more reply as not necesary.Read it another time carefully the page i posted early 2130/2132.Is still in the Exide page and it shows that the Black Rock added 4.6M shares in one month.Do you know why if it is as worthless as you say it is?
And as it matters to the Hedgies the Black Rock held only 0.8% of the shares per the July SEC filling
http://www.sec.gov/Archives/edgar/data/813781/000108636413003733/exide.technologies..txt
And they held around (5) Sole voting power 59447 shares or 0.08% of the stock but made a request to add and now they hold 6.1% of the stock or 4.776M shares.
http://www.exiderestructuringinfo.com/pdflib/498_11482.pdf
I have posted this Info you are asking Yank last month and is still in the main EXIDE filling.Read in the page 2130/2132 and it seem as the Tontine isn't the main Hedge fund holding look for your self more than 30% is in the hands of those four and they weren't previously in the june filling http://www.exiderestructuringinfo.com/pdflib/498_11482.pdf
This is for you Yank.Look at this SEC filling and learn when you talk about the commons being worthless.This is the equity worth 69.9M$ and meaning that the Debtors took something not theirs and made a coup de Etatt when the Equity was positive and the share price should have been above the 0.83cent per share.Do you want my shares?Give me a price above 1$ aand you can have them ??
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9446808-40842-43155&type=sect&dcn=0001445305-13-002059
Hey Yanki I think that by now everyone see you as the debtors man in this board and that you still didn't disclose if you hold or not this stock.Why didn't you give an answer to Olti about the posibility of finding a Company which cancelled their Common shares with a Positive Equity and wasn't the US Trustee intervenned for Bancruptcy Fraud?I hope you realise that you trying to convince the people to sell just on your Fantasy of shares being Cancelled while you have shown over and over that the Equity had a Value of more than 70M$ and there is no necesity to Reorganise the company by cancelling their old shareholders as in that Case the Old managment and the nex are to be held responsible for huge Fraud.And please give a honest Answer in here.Do you hold this stock and whats your motives to be in here but trying to Make us sell?
Some live stream ?????????
Reply to Yank
"There are really no true insiders, here, because the restructuring guys just came on board and are not beholding to anyone and are a ways from reaching any conclusions"You seem to know something when you declare that they"are a ways from reaching any conclusions".All I Know is that the Company Have come in the BK in june with a Equity worth 0.85 cent and Assets are 1.9B$ against 1.3B$ in Liabilities.Thanks for making a point in your knowlledge of this case ??
Check ----New doc
Current Report Filing (8-k)
You are dishonest as the case against the Enersys is done from the last January>Please no more lies ??
http://www.law360.com/articles/406115/exide-loses-bid-to-reclaim-battery-mark-from-enersys
Nothing so sure in those Trading Boards as IHub but something is for sure hat you escaped the main issue about the 1.99B$ in Assets and 1.35B$ in Liabilities.So Lets repeat another time my Question to you.A "not hedge fund" employer.How the heck are they going to cancell the shares with a Declared 69M$ Value on the Side of the shareholders per the 10K June 2013 filling(0.89cent per share) or more exactly 500M$ in not counted value of Assets per the SEC filling?And by the way the latest SEC filling of the biggest shareholders didn't show them.Do you know did they enter in this BK stock?And the last Question as a answer for your share cancel fear you try to spread?How much was the value of the Assets and Liabilities A/V in the 2002 BK Filling?Please keep it for your self as I KNow it and was in the side of the Liabilities ?? Thanks for the reply and you really gave a big smile with your big "warning".Doing charity work is really something very common in this kind of this investments.
Don't bash so openning Hedgie
How the heck are the shares going to get cancelled with the Marge of 500M$ in Value of Assets in favore of the Shareholders against the debtors in posesion?This BK shouldn't be happenin if the Judge would be honest.And by the way Page 2130/2132 there are 4 Hedge funds holding as of 8/9/2013 more than 5% stock and they weren't in here before.Are you sure you don't work for one of them?Thanks
No so Honest 10Q ever writen but still pretty honest.I see that you are a Hedge fund not happy with so many Retail around buying and holding shares.If you say that the stock will go down knowing how many shares you hold not a big surprise.Just carefully with your game.Cheap prices mean biger number of shares lost from your Wallet.No problem for us to hold a Month or a Year but for you?!Lets hope it goes lower so I can buy more tomorrow.We all know that the share price should stand at dollars and one Year waiting is no problemos for us Retail to have this good return.Lets hope your hedgies are so stupid to bring lower and make more experiments with the price per share.
Aren't there more than 500M$ diference in favore of the Assets Value and why can't the Shareholders ask for Chpt 7 in stead of chpt 11 if the debtors are trying to steal the cake?
Does any one know Why the shared need to be cancelled with 1.895B$ Assets and max 1.3B$ liabilities(the 500M$ loan Included)?
If you see there in March the Equity was worth 153M$ and after the June when the BK was acepted was worth 69M$.And the Price per share you can calculate it your self ??
and we should go to at least that Number in the Short terms
and we should go to at least that Number in the Short terms
Do I see Wrong but right after the BK entering the Price per share should be 69M$/79M Share=0.83$
Waswesichxx --- Good evening ... Alles fit ??
New York, July 16, 2013 -- Moody's Investors Service, ("Moody's") assigned a B3 Corporate Family Rating ("CFR") and B3-PD Probability of Default Rating to Eastman Kodak Company ("Kodak "). Concurrently, Moody's assigned a B1 rating to the company's proposed $420 million first lien senior secured term loan and a B3 rating to the company's proposed $275 million second lien senior secured term loan. Proceeds from the term loans and the new $200 million asset-based liquidity ("ABL") revolving credit facility (unrated) are expected to be used to refinance the company's existing debtor-in-possession ("DIP") facilities and pay related expenses upon emergence from bankruptcy expected later this quarter. The rating outlook is stable. Moody's also assigned a SGL-2 liquidity assessment to the company indicating good liquidity.
www.facebook.com/groups/151132305064650
<<--international shareholder Group
Tomorrows hearing cancelled
12-10202-alg Eastman Kodak Company Ch. 11
Hearing to consider approval of disclosure statement.
Objections filed.
Adjourned Reset for 06/25/2013 at 2:00 pm
Hello everybody I create a Facebook for the Kodak shareholders
https://www.facebook.com/groups/151132305064650/
Thx regards from Germany
[url][/url][tag]https://www.facebook.com/groups/151132305064650/[/tag]