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Has LT billed or been billed that kind of money? Either case, what could the $5M be for?
Obviously, less isn't impossible either. What a long, drawn out "guessing game".
Has the "BOOK VALUE" of the seized bank and the holding company ever been determined? Or is that under seal? Got to more than the 1.9B JPM paid.
"They sure bill a lot of $$$" What is their compensation based on? set fees or amount they are servicing?
hotmeat, how much do you "actually" believe is coming back? At least $10 Billion? Realistically, maybe around $2/share for commons?
hotmeat, I noticed Escrows Returns: $15-$25 Billion. Would that be around $3.30 to $5.50 per share for commons?
gary and B0B, you brought back some distant memories of why it was PROBABLY prudent to sign the releases.
So, basically, Susman endorsed the signing of the releases. Is that correct?
What person/persons with authority endorsed the signing of releases? Susman, Willingham, Rosen? Seems like somebody thought it was "fair and reasonable". Anybody remember what was said to encourage shareholders to sign the releases?
Did Susman encourage WM shareholders to sign releases? It's been so long ago I've forgoten why I signed. I know I had no idea it would be such a long, drawn out deal and there would be such poor communication to escrows holders.
I, for one, am now in another age bracket while waiting for something "fruitful" and "fair and reasonable" to happen.
Should that 151B be coming to escrows?
So bkshadow, how much do you see JPM ending up with in this 1.9B "sweetheart" seizure deal? 100B, 200B or more? If so, how can that be justified and defended in court? Hopefully, Susman came through for the estate. If not, and escrows are "shut out", I hope the hedge funds are ready to pursue a "fair and reasonable" payment for an "unjust enrichment".
bkshadow, how much do feel JPM will walk away with for 1.9B in the WM seizure? At least 100 B? Possibly more? If so, how can that be justified and defended in court? My hope is that Susman made this point clear to the court, had the evidence and a truly "fair and reasonable" settlement was the result.
Wouldn't that be good for using escrows money to buy WMIH shares?
UncleBo, LG, does this mean there should be 165B - 17.7 B "in the kitty" for escrows?
How does this effect esctows? Does this mean there should be 165B - 17.7 B "in the kitty" for escrows?
yep, it's about actual results.
Will Susman and Willingham owe escrows an explanation of "fair and reasonable" if escrows "get the shaft"?
Why couldn't Willingham have given escrows holders some direction and, possibly, some encouragement along the way if he feels this will end well for escrows. Was there a gag order?
I had no idea that there would be so little communication to escrows holders. That still is a concern to me.
bkshadow, how do you interpret A & M's role and fees?
Could that JPM "windfall" be challenged in court because of failure to produce a clear title?
I hope Susman used that as leverage in behalf of the estate. Seems like shades of "unjust enrichment" to me.
LG, will we know escrows fate, for sure, by Sept 2018?
Does the escrows saga have to be closed one way or the other by Sept 2018?
So AZ, escrows are reaping the benefits of the trusts continuing to perform. Please elaborate briefly on that for a DA like me. lol
mattchew, do you feel escrows will get something out of this fiasco?
mattchew this is really an intriguing post. Please elaborate on this,
"I own the assets of WMIIC (BK #1) and WMIH owns the equity interests of those assets! I really do not care what happens with BK #2, the seizure of WMB! Odds are, a class will be impaired, WMB was BK so FDIC, JPM, SB, TG, HP, GS(the commie) and company will not only save face, but will call themselves the saviors of the 2008 financial crisis!"
As an escrows holder, one of the main reasons I remain hopeful is that there are many escrows held by hedge funds.
I really wasn't discussing politics other than hoping there was finally a politician (Trump) that might help aid the escrows cause, if needed.
But doesn't Tepper still have a lot of escrows?
I have a feeling Trump knows some of the hedge fund people with lots of escrows.
I wish Trump had a bunch of escrows. Or at least wish some of his buddies do. Maybe they do.
"unjust enrichment" and "breach of contract". If slighted, are escrows in a good position to claim these in court? There are a lot of assets that have gone or will go somewhere.
Would both Tepper and Susman have recourse against the FDIC without release, if needed?
I don't understand. Wouldn't both Tepper and Susman be interested in justice(money) for escrows?
Boris, what all do you know FOR SURE was owned by the holding company? Thus, belonging to the estate (escrows) and not JPM. An estimated dollar amount of value, too, if you can.
When is the next important date for escrows and what does it pertain to?
I hope the hedge funds are prepared to sue aggressively if escrows are "short-changed".
Who got all of Washington Mutual's real estate? Did the estate (escrows) or JPM in this sweetheart deal?