Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
........DTCC repo rate.....7.28.23...................TREASURY........5.365%.................NICE...............add another $100......per day......per day.....to my tip jar, larry......call it $1,100.............every single day that we wait for the NIGHTMARE to end.....................
.....oh, and no hurries on the final payout...................$1,100 every f/---ing day...............perpetual sack tingle..........................
ROCK ON, doc..............the Baltimore venue shopping trick was just a legal ploy we introduced......and probably WON...............hope - hope holding - - FULLY, UBS will cave for an extra billie...................just part of the game..............
and yes: boat culture on the CHESS, love cakes.........BIGTIME cool..............Gibson Island area and below....that Cap One dork, Richie Fairbank...........boater..........YACHTER.............can't juice his failing credit union, YET.............(cool dude, but he's running a wounded zebra, imo)...................
you know the plan, honey buns.........ALL's well that ends well..............no worries on our disaster........
...............adopt the fine wine mentality, kitten....................more time = more money......and we are getting RICH (er) while we wait............................
...I've considered attending our LIBOR trial, and might.............only concern is Baltimore's reputation......MURDER CAPITAL OF THE USA - - by far.....!!!!!!...........the crime, apparently gang related, is off the chart in certain areas.....................and poverished as heck............
......BUT - love cakes - we know what this means............................THE JURY in our case.........oh yea!!!!!.......very nice, po folks, whose darling schoolchildren were VICIOUSLY RIPPED OFF by SLIMY, CROOKED conspiring lily WHITE bank MISCREANTS........cheating poor, underprivileged kids........
.....see how we play this, honey buns......????...................we milk it......for big dollars.................
.....only negative, re: Baltimore, sweet puff................time..........if we end up in "the BEAM"........years of legal tussling....................but, bring it, lovie...................$1,000 a day, for me, while I nap and cocktail......no worries and no hurries...................................
so, BROWNSHIRT HOLDING is very much aware of you PESTS................swarming gnats...............suggesting BROWNIE is going to the BIG HOUSE........if he don't get you fairies paid out..................OMG.............what's this frankie dork gonna do...........call the USA VP, or sumptin'...............DC = one of the original co-conspirators.........????.................
LEVERAGE................be da game.........................gotta get the last RECOVERY................a nagger..................THE BIGGEST LIBOR CASE OF ALL.........???.......$2-billies to settle or we get $5-billies from the BALTIMORE jury......................WIN WIN................UBS........filthy slimeball crooks.......onward, speer....................
.
......nightmare may never end................who cares..........????................FCNCA has NOT completed its purchase of UWBI (Matrix Funding Corp.) which is required by law (under the IRS Tax Code IRS SECTION - 269)...............FCNCA has not complied with the LAW.......until the transaction is lawfully completed..............
....btw, I advised frankie's people about the unlawful use of UWBI's NOLs and was rudely insulted and threatened........again...............????.........
...frankie could be safe, temporarily, in that the CONFIDENTIAL ASSET PURCHASE and COMMON STOCK CANCELLATION AGREEMENT provided for cessation distribution..........meaning, when the payout on the purchase to the shareholders was complete, in compliance with all applicable laws and IRS rules......<yada> <yada> <yada>....................stock would be cancelled - - this is common on stock purchases when there are multiple smaller entities under a stock umbrella.......
.............no worries.................we ain't gotten our frankie money because the FDIC said to wait.......until the Receiver's claw-backs are finished.......in order to collect on 'em........................otherwise, if we take the frankie money, and some of the FDIC money..............we won't get all of it and there might be some BIG MONEY.......at the end of the Receiver's life...........................cool.............we'll gladly wait, collecting interest on the frankie feces................aimho..............
....MY TAKE is the cross-appeal decisions on LIBOR/sterling will be handed down, quite soon........................then the path to OUR CLOSURE will be laid out.........
.....I believe we will be allowed to proceed with the damages suit against ONLY UBS.....????...........whatever..........UBS and the 15 rogue followers, or not......UBS did the dirty and they are in the DECISION-making role, regardless..........................
....could be a pre-arranged SETTLEMENT............FDIC has been known to pre-settle a case while waiting for a formal decision, but the settlements aren't really binding, imo, because they are memorandums of understanding.............which means nothing, contractually, imo...........but they are better than nothing, imo.......and this can be a really, really good TECHNIQUE......................
......suit is on, but we settle for $250mm...................too cheap, but OUR NIGHTMARE IS OVER.................camel-toe hamilton......$10.............per.................camel toe??????????............larry, WTF...........................(I get it, now - - whatever, just bring it)..............aimho.................
.....There are a total of 283 UBS locations in United States as of April 26, 2023......................point being, UBS has a presence in the USA and has to live with the FDIC....................????......................granted, the FDIC doesn't regulate UBS directly, as a bank, but UBS deals with dozens of U.S. banks every, f/--ing day.......
.....so, UBS should settle the BIGGEST LIBOR CASE OF ALL..............sterling, OURS.......................ok ,ok, gotta wait for the cross appeals.................but assume (and marty gruenberg)..............both appeals are up-held...............OUR SUIT CONTINUES and the 15-sister banks are released...???......dun't matter to us about the banks.................WE ARE SUING THE F/-- OUT OF UBS...................and we have a cooperating, RAT, with Deutsche Bank...............
.....settle for $2-billies, Mr. UBS, sir, or we take you down for $5-billies........................DESPICABLE CONDUCT THAT CONSPIRED TO RIP OFF POOR LITTLE UNDERPRIVILEGED SCHOOLCHILDREN AND OTHERS TO THE TUNE OF OVER $100-billion........................
..............GOSH I LOVE THIS STUFF..............and imagine, UWBI sitting right in the middle of the biggest sh*t pile in the world.................the LIBOR scandal.......
.....give 'em the middle finger, lawrence...........both hands..........jiggle 'em and then close with the opinion waiver...................keep jiggling.................
....SAME MATH, bobo................for one, $1,394 = $1,422.............basically..................and, we have $5 + $3.75 on our books................345,000 divided into 29.6mm, even assuming $13.50 per, on the fudge.............$15.75 in reality..................many other factors weigh in, like we sold somewhere along the line.........etc............................
........................WE GOT $8.75, per, and we need about another $5 per, from LIBOR, alone.......to meet the FUDGE FACTOR TEST................imo.................
..............LIBOR MATH..............bring it..............(FDIC only says another $1.25 +/- per, if settled, today......we could sue and win and get the $5 - - actually $8 and come out AHEAD of the fudge factor comparison).............
.....but, handsome hebrews, another $1,000 per in my jock-strap today and I ain't even getting up for another hour or two...................................
....curtsey for the QUEEN........FCNCA.............$1,394.57 +7.84 (+0.57%)...........................
....we should have taken frankie's packed fudge.................otherwise, we gotta get at least $8.50 per, just on the FDIC portion of our jam-jam.........hello...............
....Punxsutawney FRED, sweetcakes dear........longer chase = better catch............I may or may not see my shadow, but who cares......??..........I WILL SEE THE MONEY, honey buns.......A HUGE PILE..............of cash, lovie (not poop I'd say sh*t, but 1 mo tos/V and I'm a goner)..........................
....big picture, buns dear.............no worries and no hurries on this POS.............I've adjusted my entire psychology to LIKING THE TIME LAG..........enjoying every moment of the nightmare.........more days, months, years, decades.....=........SACK TINGLE (I'm non-binary, but you get my point, sweetcakes, honey)........$1,000 every single day, honey, slipped into my G-string...............
Dude: I'd really rather go on for another 6 months and build up $200K MORE in interest accrual on our HOLDINGS (ahem!!)...........and prevent me from doing something ILL-ADVISED with the proceeds, today...............gotta lot of funky wounded zebras on my radar................BIGTIME PAYOFFs or huge LOSERS........what's new??.....save me from myself, and BEFORE this USA economy totally CRASHES.............................
So, drag 'er out a few months and really, into 2024, please.................and also to see if we can get like, $2-billies, on LIBOR/sterling, which would net us an additional $8 - EIGHT BUCKS per..........additional, to the $3.75 per, we have now, in recoveries and the FIN, per from frankenstein bank & DIS-TRUST.........
no worries........close it down or drag it out..........
..........no hurries, either............ain't no mo seeds and stems, either.............WEED and weed products........F/---ing everywhere.......................
WE COULD LOSE BOTH LIBOR/sterling/UBS APPEALS AND SHUT DOWN.......TODAY.....................................................................................
seriously.....all part of the game...............
in that event, the UWB Receiver terminates and moves for payouts, along with "other" specified distributions to uwbi shareholders............would look to me like, $5 per on the holdings holdings holdings..................and $3.75 per, on the recoveries.....................
SHUT ER DOWN TODAY, and a SNOWMAN, per, plus 3 dirty Vermont quarters (voted the ugliest)...............$8.75 per, today.....we'll take it...............
LIBOR/sterling prognostications...........defendant UBS is in the power seat, time-wise, imo, if we assume (and donnie john) they lose the appeal, which they will...........our cross appeal is to re-name the 15 co-defendants, and it doesn't matter if we lose..............so, assume, game on..............UBS just sits back and waits for our legal team to draft up a super, super large petition........400 pages+, imo and could take a year to put together just for the initial suit..........???........
WE file a monster damages suit, asking for $5-billion, the estimated TOTAL NEGATIVE IMPACT THAT THE LIBOR SCANDAL caused, to victims, like ours, which were poor, under-privileged, inner-city schoolchildren and their public schools................and we are armed with the inter-bank communications that DEUTSCHE BANK gave us.............proving the conspiracy to rip-off billions of dollars of bond issues of all types............SMOKING GUN++++++++.................
....UBS, as defendant, can sit back and try to stir up a defense, but there ain't any, other than claiming our particular case, a school district improvement bond issue was cross defaulted, had a credit default swap and suffered absolutely no monetary loss, whether there was a LIBOR scandal or not.....????........
......................bad, bad position for the defendant, who would be a total fool not to settle..................the entire LIBOR SCANDAL could get dumped in their laps.....per the DB settlement agreement.............and the jury is made up of poor, inner-city residents of Baltimore, MD................whatever.............
............suit and appeals could take at least 3 more years....................and even get back to the SCOTUS.................nasty stuff and we are somehow right in the middle of the mess...............................no worries and no hurries....................imo................$1,000 a day FOR ME, to wait it out..................aimho..............
.......First Citizens Bank & Trust.......FCNCA.......$1,386.00 +20.48 (+1.50%)...........PURE BEAUTY.........................
.....frank brownshirt holding, jr..............HERO...............handsome, too.......................................
....FIRST CITIZENS BANK now has a presence in Coconut Grove, Florida and Silicone Valley, California.....and many tony locales in between..............
.....FCB has a partner in the USA vice-presidency......................and the FDIC worships frankie and his failing credit union...............
.....frankie bought our THRIFT and our HOLDING company..........and HE OWES US $300mm...................hello...............????.................
...there are numerous legal UNDERCURRENTS on our LIBOR/sterling suit, or suits..........but, imo, we/plaintiffs have UBS "by the balls"..............they already took our suit to the SCOTUS arguing that we are venue shopping..............SCOTUS wouldn't take the case..............so we VENUE SHOPPED to the city (which is also a county??) of Baltimore.......plaintiff DREAM venue...........
.......methinks the bottom line here is POLITICAL.......DC EMHOFF & co basically tell the FDIC to shut 'er down........................settle...............and the number being tossed around, imo is $250mm.........which would only net us about $1.25 per ($35mm).................add that to the $3.75 per in recoveries to date....$5 per............plus the holdco proceeds of $5 per.................
............TEN BUCKS, per cusip...................that's what the FDIC reported to the ESOP, per ERISA.......
...................couple of mouse <clicks>............and we is down the cistern......baby jessica, notwithstanding, to wit, comes now................................................aimho................
....WE _ WE are waiting on the cross-appeals, on LIBOR/sterling.............we tried to dig into each, but impossible to tell what the outcomes might be.....................
....ONE CAVEAT...............appeals courts are not places to gamble...........EVER................they are places to settle.......smart business people and smart lawyers kow this, although the lawyers want to drag the cases out, to suck off legal fees as long as possible......................
......but, always BET that the appeals court will up-hold whatever ruling was appealed................which would be.......the UBS case is upheld and they can and will be sued, for damages................and the UBS plea that our case debt instruments were derivatives of a LIBOR index, and therefore not impacted by any "manipulation"......if a "manipulation" occurred, which UBS has said did happen, but didn't happen????.....................you in big trub, Mr. UBS....................pay now, or pay a lot more later...................
................WIN WIN, handsome UWBI gents.............................bank on a homo hamilton, per, by YE, 2023.......................aimho.............(larry's, I'm tired of reading my delusional lies - sociopathic nonsense).............................
....I believe we have bigger fish to fry, fairies (cusips are safe, whether or not they are held in sight at the brokerage).............BLUE WHALE vs guppy...................
.......................our LIBOR/sterling cause (don't say case - because we are settling)...............the BIGGEST of all of the LIBOR cases...........seriously.......and how the F/- did the little guppy UWBI get itself involved in the LIBOR disaster at all, much less the MONSTER we fell in to.........????..........could be GOOD LUCK...........
.....can't find an angle, although we have a relationship with Deutsche Bank (note how larry can always spell this bank correctly)................who cares.....???......
.............WIN WIN...................UBS has no real choice but to settle because as the DB settlement agreement clearly points out.......OUR CASE MIGHT BE THE ONLY TRUE DAMAGES AWARD GIVEN BY A JURY IN ALL OF THE LIBOR CASES...........ours..........imagine that..........easily 2+ billies.........aimho...........
...................tingle..................tootle.......................
...WE WUZ JUST TOLD TO TRUST THE FDIC..............????..................hello........................
....dunno about that, but we really don't have much of a choice..................I trust the MATH......which is the UNIVERSAL TRUTH.....???.........
..........so............SHALOM....."a Hebrew word meaning peace, harmony, wholeness, completeness, prosperity, welfare and tranquility and can be used idiomatically to mean both hello and goodbye."............................10 bucks per ain't heaven, but again............MATH and METH.....................
...................onward, speer......................kinda HOPE - HOPE HOLDING for a hansel & gretal 12-pack of Bud Light......(not buying any, but I will drink it, if it's free!!!) ..........but a homo hamilton per works.........and we end this nightmare.........................
.....ASSUME (and who else, DC EMHOFF - who dat??)......you are in a locked, padded room with.......marty, drew, frankie, guy, DC, and Si-Rod..................what would you learn about the entire UWB/UWB disaster..................??????..............................great question................................
..............................well, what's the story, LARRY.....???................hello....................
.
....clues galore in both the Deutsche Bank Settlement Agreement and Court Approval...............it is plaintiff tainted, but is still FACTUAL........we note that the defendant's appeal wasn't mentioned in the agreement, however, ours was, but was glossed over as an automatic.........BUT THEN DEUTSCHE AGREED TO SETTLE, when it could be completely released......????.......and, imo, has constructive knowledge of a proposed settlement on everything.....(that's the $250mm - but it might hinge on our appeal or both appeals....????...).....maybe neither......????......but then all of this would shut down, like.......TODAY...........
.......no worries......no hurries and since we are deep into October, on the pagan calendar.......we mighty tighty lean into 2024......?????......or not..........tingle, tootle.......
........NO WORRIES.......NO HURRIES............DTCC REPO RATE TREASURY (which means for deposits, like ours)........ 5.112%.............(7.20.23)...
..........................naps and early cocktails......................dangerous out here in the real world...............
DUDE: let it go.......just a teeny bit longer........those AHs took care of us....................consider what could've happened.............onward, speer...................
.
....FASCINATING LEGAL CHESS MATCH, imo...................both sides are super smart and deeply ingrained in this mess...................just about the last of the LIBOR cases.....................I would say, the $250mm, if true, is a very, very fair settlement.................low enough to be manage-able and not BK any of those small banks..............but has some meat on it...................(what, $1.50 per, +/- to us, in the end.....on this, and then added to our pile..)....................
...these cases ALWAYS end in a whimper, imo..............flexing and posturing, but when both sides are savvy and have deep pockets, no reason to roll the dice......smart business people don't do that.......................Europeans, never, imo...........whatever, just end it.......................
...both are buried in the Justia U.S. Law website.................but the summaries are given in the Sonterra Capital Master Fund, Ltd. v. Barclays Bank PLC et al, intro......................
....isn't the most PERTINENT and RELEVANT question, for us, is...............HOW THE F/----MUCH.....???......and WHEN............????....................
...point being, this sh*t only gives us an idea on the timing of THE END....of the nightmare........we know we have $5 per, earning interest...........and about $3.75 per, accrued in recoveries, to date...............
.............$10 per, in 2023.......................final answer..............while giving the middle finger......both hands..........jiggling...................still jiggling...................
...............the judge is just covering his tracks....when there is a kick-out or withdrawal from a class group, there has to be formal Fairness Hearing..............meaningless, imo, ms. noodle.....................they did accelerate the settlement, which I find STRANGE................but the whole situation is BIZARRE.......
....one of the appeals, OURS, seeks to not let the 15 banks out of the BASIC ACTION..........there is a ton of case law on this................there are standard PARTICIPATION AGREEMENTS wherein the participants are not indemnified or exculped from liabilities.......etc..........but, whatever.........
....point being, Deutshe Bank was released and still settled......????........and DB knows about the secretive settlement agreement...........????................
...........................what's new..........???...........FREAK SHOW CONTINUES, ad infinitum...........
....the fairness hearing is optional, ms. noodle, ready the last paragraph of the order.............
..."IT IS FURTHER ORDERED that the parties inform me within two weeks of the published date of this Opinion & Order whether they would like to schedule a Fairness Hearing prior to the two hundred and twenty-five (225) calendar days after entry of the Preliminary Approval Order as originally requested."
....................<yawn>............<yawn>.........................................
....very, very suspicious, imo, ms. noodle...............dunno what your opinion is, however....................
.....sure, close the mofo and payout OUR MONEY, at whose-ever earliest convenience.....................
...here's the rub..............cross appeals on the basic actions are still pending, but Deutsche Bank is playing a mind game...................
....word is, the 15-defendant banks ARE NOT going to be EXCUSED, imo.........and USB ain't gonna get out of this mess on a technicality (the derivatives interpretation)...............one appeal won, ours and the other lost, theirs......WIN WIN...........
.....IF WE HAVE AGREED TO SETTLE FOR $250mm................that spread over the 15 banks (excluding DB)............call it $17mm, per.................and YET DB SETTLED, in the dark for $5mm and agreed to RAT OUT THE, well, other RATS...........me no understand..........???..............
...........bottom line, GETTERDUNNNNN.........F/-...ALL OF THE AHs involved with this mess...........
................call it $10 per +/-, in Q4, 2023...............onward, speer.....................aimho...........
...Deutsche Bank settling the LIBOR suit, when it might be "removed" from the suit itself, on the appeal..........???...........and the judge approves the settlement, but still pushes the final hearing date into November, 2023......................????................something very strange about all of this.........????.............
...granted, we are simply bystanders who got pulled into this suit, on a lark.....................and the suit itself is of legal question, because evidently, our bond issue was default swapped and the LIBOR rate was never an issue....???.................
...but then the DB settlement agreement SUGGESTS STRONGLY that our case is legit and carries with it high probability of a LARGE DAMAGES award, by a jury.................and we already got legal approval to venue shop..........BALTIMORE.........best place in the USA to have a jury trial with damages against an abusive corporation that abuses little people....EXPLOITS................????...............
.....BAFFLING, mess............?????................and the FDIC hints that all will be settled in 2023, probably in the $250mm, range....????.........I need a drink, larry...............this uwbi is going to drive a nice, handsome, former devout Christian over the edge..........and back to the bottle....................
....loaded question, CREAM PUFF DEAR...............probably three, but each is a separate and distinct specie of LUNATIC............one's possibly a trannie, one a law professor and the other an FDIC mole, etc............all over the map, honey buns.........insane-asylum-----ESQUE......................
.....truth is, lovie, that Denver THRIFT investment.........................likewise a f/-----ing FREAK SHOW.......weirdest MESS................EVER..............and goes on and on...............never ends................
......kinda wonder what really happened with all of that.....??.......the versions we read on the internet seem kinda far fetched.................job kickback, dropping the suit, frankie's mother, this stock pledge, DC EMHOFF involved in the original job kickback and seizure and now assisting in the REMUNERATION....the drew sandler scandal......taking down the FDIC at the SCOTUS - - for free....uwbi in the middle of the biggest LIBOR suit.........donnie and marty connecting???........
..............ET----------------mother-----------f/-------ing------------cetera.....................very strange.......beyond BELIEF, really, cuddle bunny...............................
one point on the frankie throwing his mother under the bus, issue............FOR OUR BENEFIT....................frankie stole his own mother's stock (a little less than one-half, of her total).........300K shares and it's all on record................June/2016...........when it was trading at $250 per share...............
FCNCA..........stock.........today................$1,363.78 -0.22 (-0.02%).............hello....................$1,100............PER SHARE..............mommie HOLDING lost, due to frankie's chicanery......................(now she did save maybe $20mm in estate taxes and the tax credit spread on our NOLs saved frankie about $25mm)........
......300,000 shares times 1,100............do that math, larry.......OUCH!!!........................THREE-HUNDRED and THIRTY MILLION$$$$$$........$330,000,000............frankie stiffed his own mother to the tune of $330mm.................................
...................not a good look, frank............and whatever happened to those shareholders in the THRIFT BANK that frankie ripped off in the 1st place......???.......
....and then, this BANJO KAREN chap wakes the baby.....(no sex, if you do)........who piles on..............what time is it, larry............????.............geeeeezo.............................
.....attacked by a swarm of rabid sand fleas before I even have my first swig of de-caf..........animals on the 'net....................a fly-weight powder puff named "savage"........????...........too weird.........and now a WIPE-OUT on our Denver THRIFT best investment ever in the history of Wall Street......????.....I think I'm losing it..................................
can I de-seed a fluffy top, spin a fatty, on an album cover, in a manny-tran car..............???....and light 'er up............in traffic................???...................
[b[color=red]]what about me figgering out WTF happened on that dirty, wiped out Denver THRIFT stock disaster...???.................[/color]
golf........chess.........sodoku................???...........chicks....???...............
re: this POS.............two mouse <clicks> away from $12-millies, if you believe in fascism..........BUZZKILL BOB/banjo karen, notwithstanding, to wit, comes now...........................
.
.....ALL OTHER SMART FOLKS ARE GETTING RICH..............why are we sitting here in our waste, mumbling to ourselves..............???????.............
.....and, we may never see ONE PENNY paid out on this worthless, wiped out POS...............who do we TRUST............???......................
....LIBOR....SHMYBOR.............another pile of nothingness...............................
.....worst investment EVER is turning out to be................THE WORST INVESTMENT EVER..............12 years of torture and then the BIG ZAP.......gone!!!!.....and nary a trace..........and no comfort from those psychopaths on the internet........attention-craving ex-FDIC know nothings..................
.
....SHOULD WE HAVE TAKEN THE FCNCA STOCK............$1,355.42 +37.65 (+2.86%)...............????......
..............or taken the cash, at $4.80 per, with the HOPE - HOPE HOLDING of the FDIC monies...............which we did.................
....so the FDIC "dividend" better be $8 per, by itself, or HOLDING (ahem!!!) out was a FAIL.........ouch!!!!.....................
....we have $3.75 per, in recoveries, to date......................need another $4.25...per........from LIBOR/sterling.....????......ain't gonna happen, imo.......maybe a dollar, per, or a dollar fitty...............................could be a TONNAGE..............but...........whatever...........just pay us off and go away, sirs.................WEED, WHITES & WINE...........................
agreed....and another $350K, stuffed into my Izod shorts, honey buns....tyvm.........
.
...........GUY..............impressed with my performance....................seriously............."superb"........................
...apparently, I solved this F/--ing puzzle, that even Guy himself couldn't figure out.............????...............
....whatever......................show me the money, please, soon......................
...was a tough one.........how------mother--f/---ing----ever.........all's well that end's well.................per BOOTLEG BOB........................
OUR LIBOR case is becoming the BEST LEGAL CHESS MATCH.....................EVER.............................................
and the uwbi cusip itself, is proclaimed (by a rogue insider) to be THE BEST INVESTMENT IN THE HISTORY OF WALL STREET......???............
HOW THE F/-- did little ole us get involved in any of this..............????..................GRAND DESIGN, by our CREATOR.......the ALMIGHTY...................
...............SO COOL.............SO COOL............all of this.............FEEL BLESSED, my chosen comrades............WINNING......................
.....SECRECY in bank regulation..........CAN ALSO BE A GOOD THING, if the FDIC likes ya.............(ahem).................off the record, President Donnie John DID NOT trash/remove marty when advised to, given donnie's association with one Deutsche Bank (DC hotel and other deals)................and down the road, marty gave some cushion to DB.........and continues to..............(aren't we somehow involved with DB/LIBOR sterling sumtin' or other???)..................onward, speer..........
.....NUMEROLOGY greatly favors the uwbi POS.............tesla 369 standard, positive ions, just overall GOOD VIBES..................for us............and, remember the FDIC, in its secrecy, said that it would "take care" of us..........(ouch, in the back door!!!!)......................no worries and no hurries.......................
....shut off the FDIC LIBOR/sterling game............terminate the UWB terminator...............send out the MONEY..........THE MONEY, hello........................
.....................................another $1,000 in my account and I ain't getting up til noon, or later......................
....I have no real personal OPINION on the cross-appeals of our LIBOR/sterling legal cases.................the Deutsche Bank settlement gives some clues as to the potential......ad DB did settle when it could WIN the appeal on an UPHOLD - - freeing it from the suit.......
.....we want the other 15 banks included in the suit and the defendants/UBS want the suit itself dismissed because our debt instrument was a "derivative" in that there appears to be a credit default swap???.....or the interest rate was hedged???..........but it appears PLAINTIFF's were not DIRECTLY impacted by the interest rate manipulation....................
..............generally, there is strong cases for both............I believe OUR SUIT will be upheld, but that the 15-tail banks might get released.......there are technical and legal "responsibilities, liabilities and repercussions" when PARTICIPATING in a loan pool....versus buying the loan (asset)..............I SAY WEAK POSITIONS on both sides......................BUT UBS COULD STILL GET STUNG FOR DAMAGES ON ALL OF LIBOR - - (this is what Deutsche Bank suggested and DB ain't dumb).....and SETTLE for big bucks or few bucks or FIGHT to the end.............
......$1,000 a day as we commiserate..................knowing that someday......at least $8 per is being mailed to us, by check delivered in a DHL truck???.......
OUR LIBOR SUIT: two extreme opposite LEGAL OPINIONS.........................
....1. a weak, piling on case that is tired and many, many.....ALL.....similar cases have settled and the case itself is 11 years old......and only UBS was left to defend, unless the participant banks get put back in (which they should, given legal precedents on participations - see Continental Bank and Penn SQUARE......????).........
.....2. as supported by the explanation in the Deutsche Bank settlement agreement (and why did DB settle...???, if, #1 the case is weak???...).....THERE HAS NOT BEEN ONE LIBOR CASE THAT WENT TO TRIAL.......a damages award COULD BE HUGE and reflect ALL of the DAMAGE done by the LIBOR schemers.......a jury from the public could inject EMOTION into the damages award because the SCAM involved rich bankers who were ripping off - - whatever the reason for the BONDS were.......................a poor, inner-city school district issuing bonds for decaying schools and modern teaching devices....????........the DB settlement agreement suggested that OUR CASE COULD BE HISTORIC IN ALL OF LIBOR..........???..............
HOW THE F/-- DID little old, dirty UWBI folk fall into the LIBOR mess...........???.............whatever............BUT WE COULD CASH IN BIG and the cross-appeals are due at any moment.............which would then only result in a trial or more litigation..............until these AHs settle.................
.....my take............the FDIC is poised to settle at a reasonable level............probably like $250mm, which will only get us about a $1 per, plus our $3.75 we have collected in recoveries and then the $5 per, from frankie's fecal bucket.................$10 per, no matter how we cut it up..........onward, speer...............