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I HAVE NO IDEA.I personally would not read to much into share trades given the current market. There are way to may possibilities to know why and who.
Regards,
B
FROM TD AMERITRADE
Well to those whom have said all shares were canceled; I say go look at your trade tax info. They were swapped for CUSIP: 9393IN985
Description: WASHINGTON MUTUAL CONTRA From 02/03/12 Contra Conversion 939322830 (WAMKQ) to 9393IN985.. Which completes share for share chain of ownership ......PERIOD
Recent 9393IN985 transactions
Long positions
Date Transaction Qty Cost adjust. Cumulative
shares Cumulative
cost
02/03/12 Contra Conversion 939322830 (WAMKQ) to 9393IN985 xxxx. xxxx.00xxxx.00 0.00 xxxx.00
web17
Regards,
B
Az,
I think that was pretty straight forward and left NO Doubt! I have agreed and maintained LTi's are not connected to what we have coming back through are ESCROWS held in individual brokerage, bank etc. It most definitely will come thru the DTC,Euroclear,or Clearstream. Besides who is going to run out announce to the world news orgs that my brokerage account just got blown up. Nice and neat and discreet.
Christmas Regards,
B
Boarddork,
It is always a pleasure to see your precise, accurate, and informative posting! Bravo!
Regards,
B
I do believe there is a pile of money left and yes I believe it to be in the range of the original filing . Thanks
All the best Regards,
B
Stoxjock
I have no idea as to timing. It appears we are moving on all fronts however I am not convinced or feel embolden to make a prediction as to when we will close out all and any possibilities of payment from the estate,receiver,DTC, LT, or trust custodians at this point.
GLTU
Regards,
B
MY APOLOGIES TO THE BOARD FOR TRIPLE POSTING "AN APACHE SERVER ERROR HAD OCCURRED.
My apologies regards,
B
ROCKIE101,
Rock states
Rockie101
What? The only fact is you cannot recognize or deny we already have received some minuscule payment which is a fact that makes your statement completely wrong!! You have to admit or you clearly are not sound of facts! The case is still open and receivership is not closed which makes this an open question for all theories.
So Rockie101 you may want to reevaluate your understanding of law, time, and answers yet to be determined! Further the only undeniable fact is your statement is false on the premise we have already received some payment which makes your statement factual wrong ...Now own that!!!! There is no way your words can twist the history that is. Now argue those facts and answer the question! You cannot do so rationally my friend ...own it !
Regards,
B
Rockie101,
And what you are stating is just another theory no more valid or invalid ..."we will not be paid" so thanks for joining the club of theories. Yours mind friend is just that! So welcome aboard to all the theory postings! Oh by the way, we already did see a minuscule payment which I guess makes yours wrong already.
Regards,
B
Large,
Nice presentation of fact as written. JPMC got the deposits and branches, some loans and cash this we know. They did not get what WMI held, or alot of what was for the benefit of the hold co WMI. Why because it was never seized as we all know. You cannot have or take what was clearly WMI's. I think a lot of times people forget the the laws of right and title superseded that of wrongful seizure and conveyance.
Regards,
B
Go4,
The key words to me are" At the time of Filing"! When the WMI BK filing was made that was THE STATED amoun that was recognized and enter into record as "the amount of the assets and debit" into the court record. To this day no one or any other evidence would suggest that this amount is gone.
Regards,
B
ONE MORE TIME 24 BILLION
Washington Mutual was a thrift holding company that had 133
subsidiaries. These subsidiaries included Washington Mutual Bank, which was the largest savings and loan association in the United States prior to its failure, with more than 2,200 branches and $188.3 billion in deposits, according to the confirmation opinion of the U.S. Bankruptcy Court of the District of Delaware.1 Washington Mutual Bank conducted most of Washington Mutual, Inc.’s primary banking activities. PLEASE RE-READ.
NOW PLEASE READ BELOW AND TELL ME WHAT NUMBER YOU COME UP WITH.
Washington Mutual also had several nonbanking subsidiaries, including two captive reinsurers, several mortgage companies, and several real estate companies. At the time of filing, Washington Mutual had
approximately $32.9 billion in total assets
and total debt of approximately $8.1 billion.
32.9 Billion Assets
-8.1 Billion Debt
_______________________
= 24.8 Billion Remaining assets
24.8 Billion ON THE BOOKS OF WASHINGTON MUTUAL INC! NOT BANK... INC!
WHO HAS THE MONEY ?
In my opinion and from my research over the years I most definitely believe 24.8 billion is the number with interest accumulating. I would like to believe big numbers however I see no path to pie in the sky numbers I do believe we will see recovery north of 24billion plus interest added less lawyers, accounting and litigation expenses.
https://www.gao.gov/assets/330/321213.pdf" rel="nofollow" target="_blank" >https://www.gao.gov/assets/330/321213.pdf
Regards,
B
WMI was not seized they filed Bk to protect themselves and had debit of around 8 billion and assets 0f 32 billion.
Keep in mind you are talking about two different cases.
Regards
B
Ron always read your post. You are a heavy here for sure!
I am cannot account for what is not known. I hope to heck you are right it would be nice beyond belief! However feet grounded and what is known I must stay with for now hoping the aholes don't figure out a way to pucK us out of that.
HLCE regards,
Respectfully
B
I agree 24 Billion is in black and white. Just want to know how they keep it sheltered and where... When you look at the creditors claims in dollar amounts and think about how much the case shows in the courts you can easily see that the 24 billion is still there. You know the 24 billion has been generating the cash flow for the attorneys because this was a wrongful seizure and a Chapter 11 reorg because with the WMB gone, they qualified as a HOLD CO for protection! Why? Because the got their Business ripped from the Hold Co and had no choice. Its not that complicated when you look at it as Protection in Chap 11.
Regards,
B
Hi Mattchew I'll Bite.
I believe as it states Certain just means specific not all which we can only speculate as to whom, what, and how much.
Respectful
Regards,
B
I firmly believe we soon will see the FAT Lady, as things are steaming up, but as always who knows with this dialectical.
P.S.
Gotta like the clear lanes.. Wink! I will be over for the BBQ all the same I hope .... Back to work for now! Catch up soon Pard.
Clear lane
Regards,
B
What's left of Washington Mutual, Inc. files for bankruptcy in Delaware
Saturday, September 27, 2008
What's left of Washington Mutual, Inc. files for bankruptcy in Delaware
With JPMorgan Chase now in possession of Washington Mutual's bank division, the remainder of the once mighty savings and loan giant has filed for bankruptcy:
In the voluntary petition filed late Friday, the company listed assets of $32.9 billion, and debts of $8.2 billion, putting it in the top 10 largest U.S. bankruptcy cases ever filed.
24 Billion Regards,
B
You would love the property but hate the taxes !
Regards
B
24.8 Billion Yep Written in stone Verified by the GAO years later marked in the books as is as was. Now why would the anyone think more or less when the GAO did its own audit. Maybe we have some hidden assets not yet accounted for but I have yet to see where and what for. I will be quite happy with the base line.
Regards,
B
24 billion and change!
I believe the base line number is 24 billion and change. That's what we have coming plus interest less debit and expenses. I do not see any number much greater than that. 24 Billion.
Washington Mutual also had several non-banking subsidiaries, including two captive re-insurers, several mortgage companies, and several real estate companies. At the time of filing, Washington Mutual had
approximately $32.9 billion in total assets
and total debt of approximately $8.1 billion.
32.9 Billion Assets
-8.1 Billion Debt
_______________________
= 24.8 Billion Remaining assets
https://www.gao.gov/assets/330/321213.pdf" rel="nofollow" target="_blank" >https://www.gao.gov/assets/330/321213.pdf
Regards,
B
2013-11-19 FDIC Agreement Exhibit and Side Letter. This will clarify I think some of the RMBS issues.
Notice what is only included.
RMBS FDIC AGREEMENT
RMBS Issuer
Now look at this List !
RMBs by Issuer
RMBS Regards
B
BBANBOB,
Anyway I read it and think about it separate the two cases and look at the "NUMBERS WE KNOW AND ARE ACCOUNTED FOR AND PROVEN FACT 24.8 Billion is to be had.
Now how they attach that money to Equity Markers has yet to be seen and realized ...However it is a real number and that's a fact Jack.
Best Regards,
B
I agree they cannot be just turned over. No way as all things BK must close out and then and only then we may see how they could travel ,however compensation must still be made.
Regards,
B
10 billion? 24 billion? or more? From the GAO REPORT !
ON THE RECORD AS PER GAO Bank background at time of seizure.
Washington Mutual was a thrift holding company that had 133
subsidiaries. These subsidiaries included Washington Mutual Bank, which was the largest savings and loan association in the United States prior to its failure, with more than 2,200 branches and $188.3 billion in deposits, according to the confirmation opinion of the U.S. Bankruptcy Court of the District of Delaware.1 Washington Mutual Bank conducted most of Washington Mutual, Inc.’s primary banking activities. PLEASE RE-READ.
NOW PLEASE READ BELOW AND TELL ME WHAT NUMBER YOU COME UP WITH.
Washington Mutual also had several nonbanking subsidiaries, including two captive reinsurers, several mortgage companies, and several real estate companies. At the time of filing, Washington Mutual had
approximately $32.9 billion in total assets
and total debt of approximately $8.1 billion.
32.9 Billion Assets
-8.1 Billion Debt
_______________________
= 24.8 Billion Remaining assets
24.8 Billion ON THE BOOKS OF WASHINGTON MUTUAL INC! NOT BANK... INC!
WHO HAS THE MONEY ?
In my opinion and from my research over the years I most definitely believe 24.8 billion is the number with interest accumulating. I would like to believe big numbers however I see no path to pie in the sky numbers I do believe we will see recovery north of 24billion plus interest added less lawyers, accounting and litigation expenses.
https://www.gao.gov/assets/330/321213.pdf" rel="nofollow" target="_blank" >https://www.gao.gov/assets/330/321213.pdf
Regards,
B
Fair ? Jerrylev. So would you surmise how you see this play out with your time frame as to when ..Pro Con or in between. I am curious as to your view in ABC form. Not laying in the weeds for ya just curious as to a bulleted view from your perspective.
Regards,
B
We could disagree til the cows come home and go back out to pasture and that would never change our friendship or a fiber of the character that speaks volumes of your stature and salt of the earth person! Even though you have flown much higher than I from business to other things that matter...... You solid like a rock pard!
Always a Friend Regards,
B
Bond-oo7 is correct !She does not have to sign it This has been sent to the clerk and all she has to do is stamp it which is already done I I'm sure. She will sign a official copy for the record but it really already has been signed and upheld by all the other judges sig's and she will sign a final one with many others for the record I am sure.
Signature regards,
B
HOPE THIS HELPS But all need to read the all document/order!
MOTION OF WMI LIQUIDATING TRUST FOR AN ORDER (I) GRANTING
WMI LIQUIDATING TRUST’S OMNIBUS OBJECTIONS, (II) DEEMING THE
CLAIMANTS’ CLAIMS DISALLOWED, (III) AUTHORIZING THE DISTRIBUTION
OF FUNDS IN DISPUTED CLAIMS RESERVE AND (IV) DISMISSING
WMI LIQUIDATING TRUST’S ADVERSARY PROCEEDINGS
NOW PLEASE GET THIS BELOW
WMI Liquidating Trust (“WMILT” or the “Trust”), as successor in interest to Washington Mutual, Inc. (“WMI”) and WMI Investment Corp. (“WMIC”), formerly debtors and debtors in possession (collectively, the “Debtors”)2
,
RELEVANT FACTUAL AND PROCEDURAL BACKGROUND
A.The Debtors’ Chapter 11 Filings
6.On September 25, 2008, the Director of the
Office of Thrift Supervision by Order No. 2008-36, appointed the FDIC as Receiver, which immediately took possession of the assets of Washington Mutual Bank (“WMB”). WMB was a wholly-owned subsidiary of WMI
11.
Between June 2009 and September 2012, the Debtors and WMILT filed
initial omnibus objections to the Employee Claims (the “Initial Omnibus Objections”), 10 which asserted, among other things, that WMI is not liable for agreements entered into by and between WMB and employees of WMB and, even if WMI were liable, no “change in control” had occurred to trigger WMI’s alleged obligation to make the payments claimed.11 The Bankruptcy Court entered a series of orders granting certain of the Initial Omnibus Objections, and disallowed, or in some circumstances, reduced and allowed, the Employee Claims included therein.
THE ABOVE SHOULD GIVE ALL YOUR LEGS A TICKLING FEELING! Now on to the questions at hand ! Below.
NOW ON TO THE LAST HURDLE AS THE EMPLOYEE CLAIMS HAVE BEEN LITIGATED FIVE WAYS FROM SUNDAY AND JUDGE WALGRATH HAS RULED ITS OVER AND DONE! THEY (Plaintiffs) HAVE BEEN TURNED DOWN TWICE BY THE FDIC, FBR UNDER THE GOLDEN PARACHUTE PROVISION & TURNED DOWN or shall we say RULED UPON THEY HAVE NO RECOURSE FOR ANY AMOUNT by two courts let alone even standing in her court now because Judge sleet ruled!
I do not see what people don't get! What Az has been trying to tell all and show is this was one of the last hurdles and until this happened Nothing else could because the FDIC FBR proved to the courts that because no CIC had happened prior 2018 and all of the request for relief fell under the well established
Yes its in your account already as a record of log in your institution of choice the WMILT and the DTC.
Its already booked
Regards,
B
Nice Deduction,
Hence my assertion "not so fast" however if we cut that in 1/4 time and money we have a bit to go...Not a prediction just a WAG.
Regards,
B
No predictions, however this IMHO will be a while for Escrow yet as are we sure the FDIC is ready to close the receivership and transferred all ill gotten accounts back to the rightful plates from the big spaghetti bowl? ....as I do not see this all happening like bang, boom and Coop goes to 25.00 and Escrows get restitution.
We are close, however this is not going down in three days ! I suggest we may see a peek at the Fat ladies leg as she begins to step on stage ,but there is still a lot to be released ....I hope I am DEAD wrong I might suggest a reserved enthusiasm may be in order.
Reserved regards
B
WITH ALL DO RESPECT AZ tends to speak like a professor...HE expects you to do your own homework and he gives you his lesson and then you have to find out if its law or Theory.
School up Regards,
B
What is a 'Secondary Market'
The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the "stock market," though stocks are also sold on the primary market when they are first issued. The national exchanges, such as the New York Stock Exchange (NYSE) and the NASDAQ, are secondary markets.
Next Up
Secondary Stock
Secondary Reserves
Secondary Business
Secondary Buyout
BREAKING DOWN 'Secondary Market'
Though stocks are one of the most commonly traded securities, there are also other types of secondary markets. For example, investment banks and corporate and individual investors buy and sell mutual funds and bonds on secondary markets. Entities such as Fannie Mae and Freddie Mac also purchase mortgages on a secondary market.
Transactions that occur on the secondary market are termed secondary simply because they are one step removed from the transaction that originally created the securities in question. For example, a financial institution writes a mortgage for a consumer, creating the mortgage security. The bank can then sell it to Fannie Mae on the secondary market in a secondary transaction.
Primary vs. Secondary Markets
It is important to understand the distinction between the secondary market and the primary market. When a company issues stock or bonds for the first time and sells those securities directly to investors, that transaction occurs on the primary market. Some of the most common and well-publicized primary market transactions are IPOs, or initial public offerings. During an IPO, a primary market transaction occurs between the purchasing investor and the investment bank underwriting the IPO. Any proceeds from the sale of shares of stock on the primary market go to the company that issued the stock, after accounting for the bank's administrative fees.
If these initial investors later decide to sell their stake in the company, they can do so on the secondary market. Any transactions on the secondary market occur between investors, and the proceeds of each sale go to the selling investor, not to the company that issued the stock or to the underwriting bank.
Secondary Market Pricing
Primary market prices are often set beforehand, while prices in the secondary market are determined by the basic forces of supply and demand. If the majority of investors believe a stock will increase in value and rush to buy it, the stock's price will typically rise. If a company loses favor with investors or fails to post sufficient earnings, its stock price declines as demand for that security dwindles.
Cutting to The Chase Regards,
B
Clawman,
I am asserting that! I am asserting that that is how it is stated. Now If you wanted to kill two birds with one stone then the Establishment of the DCR is THE ORIGINAL PATH TO WHOM OWNED WHAT! Now I do believe there may be this dual purpose of IT being the ORIGINAL RECORD OF OWNERSHIP and that does not stop them from using this ORIGINAL RECORD OF OWNERSHIP to be used as a instrument of record with accompanying releases already signed and provided including the nice tax form as well. But no LTI's will be issued for recovery outside of the BK ESTATE.
Regards,
B
AZ,
Thanks, I believe I got it....So DTC or Eurostream will handle the Distributions?
TIA
B
Goodie,
I am saying our legal team already negotiated this during the many closed door sessions and redactions and arbitration.. They used this colossal F-up of Shelia Blair's and FDIC to leverage their position. Its already baked in.
Regards,
B
Clawman,
WITH ALL DO RESPECT THE lTI'S were only set up for disputed claims reserve and that's it...nothing else. There is no way for LTI's to be issued only for the disputed claims reserve or in other words what is already known inside of the estate, That's the way read it in black and white.
Regards,
B
If there is 65 Billion in trusts that ain't no little Bs Company 65 billion LEVERAGED ...BING!