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Yes tony t, maybe JPM needs to release assets for cash to pay us for the bank.
"In a cash crunch, banks can pledge collateral to the Fed in return for cash."
I bet the hedgies are putting heat on JPM behind the scenes to pay them off, and us a long with them.
JPM thought they would get away with all the loot for $1.88B, and they would have had Hillary won. But, surprise!!!
Now they have to pay the piper, or face the wrath of the hedgies who are tired of waiting and want their money. That $30B that Dimon bragged about finding would be a start.
BIG DAY COMING FOR COOP.
DOW up, COOP earnings strong. I'll be buying more at the open if I can get in before it takes off.
Let's hope there is a tie in with escrows too.
Flu deaths in US now 16,000. Doubled the last 2 weeks.
CDC estimates that so far this season there have been at least 29 million flu illnesses, 280,000 hospitalizations and 16,000 deaths from flu.
So how many in the US have died from corona? Yawn....
Rush was right. DOW futures way up now.
Strong rebound coming for COOP.
8,000 have died from flu in the US this year, yet not a peep out of the media on that.
Corona is bad but the flu kills far more. This corona is a drummed up excuse by the media to tank the markets and make the economy look bad in an election year. Period.
The market will rebound strongly like it always does. Watch and learn.
Rush said today the corona virus scare is BS.
Trying to cause political chaos to tank the markets when in essence far more die from the flu than this virus. 8,000 in the U.S. have died from flu this year but you hear nothing about that. This corona virus thing will blow over quickly and the markets will soar. Relax.
Let's hope this corona hysteria subsides and doesn't affect our earnings report, which should be very positive tomorrow.
Geesh, it's always something.
Correction, it was a W9 IRS form we filed at release.
Use Form W-9 to provide your correct Taxpayer Identification Number (TIN) to the person who is required to file an information return with the IRS to report, for example:
- Income paid to you.
So....maybe the IRS will not withhold upon distribution. However they will be informed of the payout. So if that is the case and they do not withhold 28% it is up to you to file this on your tax form.
I would inquire with your tax accountant. I bet we will get many viewpoints on how this payout would be handled, as I have whenever I have discussed this with my contacts.
Nope any insurance type settlement is tax free. This could be considered and argued as such.
This would be a VERY unique situation. I bet even the IRS will be confused and give you several different viewpoints depending on who you talk to!
Any settlement monies should be a tax free event, as with any settlement like this IMO.
Now, we had to file a W2 when we signed releases, allowing the IRS to withhold 28% of any money disbursed. I believe the IRS will automatically withhold that 28%, and then we have to plead our case that the money was a settlement and try to get that money refunded the following year. Good luck with them giving that up!
Claiming long term cap gains is the most likely scenario, so 15% for the first $480K and then 20% must be paid on the excess of that $480K, with the balance of the 28% withheld to be refunded.
I have spoken with several tax people and CPAs about this and they all have a different take on how this would be handled by the IRS.
Hello in there bob! LOL
"So far". You finally said something right.
Haha, I'm not all that smart. :)
I just keep track of things that affect my wallet.
Stay strong. Big week coming up, I hope. I hate that word SOON. But I do think something wonderful is on the horizon for COOP longs and escrowers.
AZ, thank you for your unyielding perseverance.
It is obvious you have a military background because you are one tough SOB! Nothing, but nothing, makes you waver from your convictions and beliefs. I applaud you. It is tough to stand up against those who wish to knock you down, but somehow you have the guts and strength to withstand it all, daily.
Just wanted to let you know publicly that I appreciate your tireless efforts, as I know legions of others here and elsewhere do also.
Let's hope the ending is soon so we can get on with our lives. God bless you bro.
Mona, remember Judge Claster in the DB $2.6B transfer said:
He was concerned for the moms and pops? I find it hard to believe he forgot about that. I think he is a very ethical judge and is following this case to completion, and is likely in touch with Judges Walrath and Collyer about all this.
We are fine. We will prevail. Oh yes.
AZ was right. COOP is the tell.
It starts this week.
If I owned a failing nfl team that needed to be rebuilt and someone owed me billions, I'd demand payment NOW!!!
$30B has been my intuitive guess for the initial payment for years.
Then much more over time. I can't see how anyone who has followed this closely for all these years thinks nothing is coming to escrows. They must not have been reading the docs. The money is there. We needed the bk closed. Done. See ya. Now Computershare can let it flow.
$3k for Ps is fine with me.
Let the commons have the rest. And give the UWs their 1%.
Just pay us already!
Sure would be great to hear from Dr A or CBA again. Eljuez checks in at bp daily, so why bother if he knew nothing was coming.
The lambs are alive and well. Just silent. Not for long. Billions at stake.
temo, yep FDIC is key and JPM has to pay up.
I'd be willing to bet that the insts are negotiating all that now since they own 70% of the estate and the bk is closed. And we little guys are along for the ride.
Silence of the lambs.
Bop's take: Over $10,000 per P on the way.
The FDIC needs to be settled first, then let's see what comes. I tend to agree with AZ's assessment that commons get the estate and Ps get paid par plus 12 yrs performance, minimum IMO to be $3000.
Bop is in the dmdmd camp of 75 25 ad infinitum. But if Ps only get $3000 I think most here would be happy, right?
Now remember, once you sell your escrows they are gone, forever. So if they open the Ps for $500, many retailers will likely sell, desperate after 12 years of waiting. Then if Ps go to $3000 or beyond you will be SOL.
Might be awhile yet, who knows. Hoping we start to see the curtain opening next week. Good luck longs and escrowers.
lodas, this is a dangerous time for options and shorts due to earnings.
If there is big news, which I think is likely, then this stock will go ballistic. Big couple weeks coming up.
Many things are lining up now for COOP and escrows.
Lodas, I see $15.50 resistance.
Once it breaks through that it's blue skies. Any good news at earnings and this will fly. $20 is possible near term. Let's get through 15.50.
If assets come into play, wow.
You have it all, alright! LOL
It won't be zero for long now.
The bk is closed. Dr A and CBA were right. They were forensic auditors. What are your credentials? How about hotmeats?
Hope you have escrows or you will be SOL.
Zero proof of assets, eh?
Guess you haven't been reading the documents or paying attention the last 12 years.
That's your answer??? LOLOLOLOLOL!
Questions for hotmeat.
What is A&M managing to justify payments to them of $500,000 if there are no assets.....and secondly where is that payment money coming from?
JPM has been a client of AG. DB too.
That was listed on her webpage that has since been taken down.
Her obfuscation is no surprise. They just might offer her a cushy job down the road because of her delay by design.
Sorry if I have offended any of her cheerleaders.......
How did you find out my name???
And where is hotmeat? I want him to answer my questions.
LOL. And what are they servicing?
Guess they are servicing crickets.
Questions for hotmeat.
What is A&M managing to justify payments to them of $500,000 if there are no assets.....and secondly where is that payment money coming from?
Where are you???
:)
I will gladly give the UWs 1% for their service. I dont work for free and don't expect them to either.
Mary made the right decision. Alice's case is toast.
Yes Mary said that. I agree.
Give them their 1%. Just pay us our 99% and we will all be happy.
Bob, Walrath made her decision. Done deal.
I hold a lot of Ps and am fine with the UWs getting their 1%. They earned it. No turning back that decision. 1% will not kill us so relax.
As Mary said to Alice, would you be upset with them getting 1% of 10 billion dollars? Not me!
Just pay us already!!
Face it bob. Her goose is cooked.
Don't live in wonderland with your princess hero. Her scam to get 3 million is indeed done like a dinner.
Question for Bbanbob.
Why is no one discussing the recent dismissal by the court of Alice's case....which is now done like a dinner?
Question for hotmeat.
What is A&M managing to justify payments to them of $500,000 if there are no assets.....and secondly where is that payment money coming from?
:)
Anyone here still sending cash to Alice?
Just curious. BBanBob? Royal? Jay? Simpson? Anyone? Wondering if I should be sending her some money.
No more encumbrance. Let it flow!