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LG, the difficulty is how do you value new Ps in relation to the escrow Ps.
Obviously the current value of a P escrow is far more than par, just based on interest alone. It will be interesting to see how they calculate this conversion if we do get Ps from COOP. Surely it cannot be 1 for 1.
Add the New Ps and Ks to the Libor settlement and that comes to a pretty nice amount.
Once Libor is done I believe the hedgies will insist on the waterfall. Bank payment, assets, etc. Jamie can't hide the sausage much longer. 16 years has been long enough!
We will all do our part to get this economy moving soon.
Hi David, you may be right, I may be crazy.
Fact is, we just dont know how this will all shake out. I think we are very close to finding out though. Once Libor is done the waterfall begins.
Judge Naomi is a dem so will she go easy on jpm and dismiss the suit or will she want to help the current administration and inject money into this floundering economy?
"No way will they be tradeable. SCHWAB and others didn't buy Ameritrade for shits and grins. If the investors want to sell their new Ps, they sell to the broker. Period.
They ain't letting go of the golden goose for their private investment gurus. Hey you can get your money out. They will love you for that! THEY KEEP THE SHARES."
Bonderman Savitz Tepper Coattails
Libor looking very good. Judge Buckwald slammed down the gavel and said NO MORE DELAYS!
Shes upset about all their reindeer games at 80 yrs old. She wants to complete this final suit and go into retirement knowing she did the right thing for the people. Id bet there is a settlement already on the table in her chambers. Once she analyzes it she will rubber stamp it. My guess is 100b. The suit is for 400b. But settlement is all about compromise. Id be thrilled to get 200b as some say it will be.
Wamu was the bulk of the suit but Fannie and freddie will be squared away too. Fdic gets its 10%. The small banks in the group get resolved.
This should all move along quickly now. Fannie at this price is a huge bargain as you will soon see.
Libor is coming.
Are you ready?
Loving these bargain prices!
This references Libor only. Bank payment is a different bucket.
From hold2wm:
"Dimon and FDIC likely have the settlement ready and once FDIC gets the deal from UK banks, then US banks will come to terms w/o additional legal fight imo. That said I won't be shocked if we see the Libor settlement in the next few weeks."
Of course I know that's not what SOME of you want to hear. Nothing is certain. But hold2 has been following Libor closely and is not an easter bunny type. Let's see what happens. I think this yr could be big but who knows???
LG, some on smart board think our Ps will be converted to new Ps. Interesting idea because that could be done easily without it costing anyone anything. They would just be traded on the open market. But who would issue the new Ps? Coop or Jpm?
And what value would be placed on the new Ps? Surely much more than $1000 face. Then what value would they have going forward if assets, minerals, etc. start to come into the equation. It gets really complicated.
Jww...imagine the pps when the 2.5% hits.
Could be meteoric.
Do some research and learn some facts.
Wamu didnt bring the 400b Libor suit.
The Fdic did.
Not known how any settlement will be broken down by the judge.
My guess is a 200b settlement and Wamu estate shareholders get 100b. Fdic gets 20b. Fannie freddie get 5-10b, and the other banks and lawyers get the rest.
We shall see. Dimon is a crook so I dont put anything past him and his posse.
Lets hope the judge stands up to tyranny.
Wamu was the biggest in history. Expect big numbers.
Guido, common knowledge that the final Libor group suit by the Fdic is for 400b.
I dont know how they arrived at that figure but Im sure Judge Buckwald has the breakdown. The Wamu value was $309b so we can assume that is factored in.
Since discovery was ended 10 days early it appears a settlement is underway. Fdic is said to get 10%. My guess is this group will settle for half. 200b.
The judge will break it down but Id say Wamu estate gets 100b. The rest will be paid to the remaining small banks.
This next week could be very big, but nothing is certain at this point. With the judge being 80 now Im sure she wants this wrapped so she can enjoy retirement and right all these wrongs as her legacy.
GLTA
This final Libor group is $400b.
Fdic sued for 400b, not 35!
Whered you get that number? Please keep it factual.
The vast majority of the 400b is Wamu.
This case will conclude soon, possibly next week. Fnma will do very well.
Look at todays trading chart.
There were a ton of small sells and 3 large buys of over 150k shares.
This is both classic manipulation, and stops being taken out.
IMO this is a great opp pullback. I will load up at these bargain prices. FNMA is going much higher and will go through the roof on Libor settlement news.
Libor depositions discovery was to conclude 4/14.
Instead it was concluded yesterday. 10 days sooner.
Did you read that?
Get your facts straight.
Libor will Not go to trial.
It will be settled privately in the judges chambers.
FDIC will settle for 200b IMO. No RICO treble. Never happen. Stop!
FNMA will do very well as will all the group plantiffs.
Very soon. The stock price will soar.
Libor settlement is looming. Pay attention:
4001. ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)
Now I see this is difficult for a "wise man" to understand. But this has settlement written all over it. Why was Discovery closed 10 days earlier than scheduled? Because there are settlement talks underway. Got it? And there wont be a trial and there wont be treble damages. Where do people get these cockamamy ideas from?
LOL
Next week is Libor week. Nice shakeout by the big boys today to take out stops and buy your shares for cheap. Setting stops on penny stocks like this is foolish. The big boys were laughing at the amateurs. Sheila knows how this game is played. Her family and friends will get very rich from these reindeer games.
Judge Naomi is a no nonsense judge and is very smart per someone who knows her well. She makes decisions based on facts and evidence, not emotion or politics.
I believe she will produce a just and fair settlement. Once released it could take time to get it sorted and distributed through our brokers. Thats why they may offer loans initially.
We shall see. Next week could be big for escrows.
I'm naming my next child Naomi. LOL
This is The closest we've been to.payment in 16 years.
Lets see what the coming weeks bring! Wow. Incredible developments.
Nothing is 100% so dont get too excited but this looks big.
Ron, love it! No more delays!
She knows theyve jerked around the shareholders for 16 yrs. Enough is enough. Gavel drop! Settlement time.
GLTA
Goodie, thanks. Great news. Next week we rock.
Looks like Fdic wants this wrapped up.
Wow.
In our favor is Judge Naomis age at 80.
I love that she wont roll over. This case will be her legacy and she will want to end her career with justice for the little guy. All 8500 of us who got screwed by this corruption.
Apr 14 is deadline for Libor depositions to be filed with the court.
Oct 4 is the deadline for discovery. I am quite sure of this. Check with hold2wm on BP but I am certain.
End of next week Libor depositions get filed with the court.
Will settlement occur prior, or will Dimon and his bank elitists wait till Oct 4 discovery deadline.
Or will these arrogant thieves wait and go to trial knowing that perjury and contempt of court no longer get processed. Not even a slap on the wrist.
Thats justice in America.
Lets hope Judge Naomis ruling has teeth.
No money coming to escrows per KCC today:
From the LT. Of course we knew this.
"A CERTIFICATE OF CANCELLATION FOR WMI LIQUIDATING TRUST HAS BEEN FILED WITH THE DELAWARE SECRETARY OF STATE’S OFFICE, EFFECTIVE AS OF DECEMBER 31, 2021. There will be no further distributions or correspondence from the WMI Liquidating Trust."
Thank you,
Xxx
Hope youre right but I'm not going to quit my day job.
LOL
Dont hold your breath.
DTCC notes 263 participants. If they each get 1 share thats $15mm. LOL
I just dont see anything of interest here. We've had thousands of these theories and possibilities through the years and none have put money in our accounts.
Lets hope Libor bears fruit. If not I will start to worry that the crooks have won and we all got bent over.
I dont see this tying into us at all.
I want to get paid as much as anyone but geesh. Keep it real. I dont see any relation. Hope I am wrong.
As for 75 25. I see both sides. The commons usually inherit the estate in a bk.
But in our case the decree says 75 25 and Im sure the hedgies would Not have allowed the commons into the party and then give them everything. So our case is different. I agree with the smart board. 75 25
Libor is up to bat. No way does our case go to trial. Too risky. Jamie doesnt look good in orange. Lets hope the judge swings for the fences.
RD our numbers are not included.
Itsmyoption, yes. As long as you have some record that you had them and what the numbers were.
I believe Kcc etc have these records as well but good to have backups.
You have great numbers. Lets hope they pay out!
Naught, I cant do pm. Not that I cant afford it, just dont need it.
Yes, all brokers will have our escrow positions in our account history. Those positions arent going anywhere.
When money comes those positions will be reactivated and money will flow in. Like Niagara Falls.
Escrow history update.
So, for those who think our escrow positions are gone and deleted forever, wrongo!
Here's what you each need to do. Depending on the broker, go into their system, log into your account, and go to History or Statements.
Select the year 2021. That's the last year the escrows will show up in your account. Print out that year so you have hard copy proof of your positions, and file that away. You can go back as far as 2014. Print out that year too just as a previous backup for your escrow history.
Brokers are only required to hold your escrow positions record in your account for 10 years, so as of 2031 they will be gone from your history. So make sure you do these printouts just in case you need proof of your positions in the future.
So while the escrow markers have been deleted by the LT, the escrow positions are alive and well in your account, as wwhatthe has accurately said.
I hope this gives you some comfort in knowing there is a record available of your positions. Let's hope we hear something soon.
goodie Re: wwhatthe. Correct. I forgot that. Not sure if he has premium.
Anyway, I just wanted to let him know what I found out about our escrow positions with our brokers. He can read it here. I will post it next.
Also goodie or zoom.....please copy over my escrow position post to the BP folks. I'm having trouble with that login....thanks.
wwhatthe. Please PM me.
Payment for the bank, Libor, WMI assets, and more.
We are in for quite a year. I wouldnt take out a loan yet, but start conceptualizing what you will do with newfound wealth. Its Easter. So please be sure to help others and animals in your wealth plan. Together we can do great good.
Wwhatthe, thank you as always.
You are a voice of reason, fact, and sensibility in this sea of chaos.
Whilst your post may seem complex to some, it is an excellent summary and really quite logical and simple. I have also tried to reassure people that our escrow positions are safe and sound. They just need to keep their accounts up to date, ensure profile accuracy update beneficiaries etc.
If they received that small share allocation way back when that validates their account and is proof that they are on the list.
I believe we are close to seeing money, likely initially from Libor.
Thanks sir, and dont be a stranger.
I feel very optimistic about our chances.
Happy Easter to you and all believers.
Boris