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Well said my friend!
Each of us can decide what to read.
The difference between Az and those who constantly attack him is called civilization.
AZ has class. No 75/25 till the end. I can chew this one even 80% of my portfolio is in P & K.
Yes, AZ is Right.
The last one " griffin tantrum" quite accurate from AZ.
The WMI-LT's QSR's Have Been Accurate
NO, NO I Will Never Be Issued An LTI
The 75/25 ratios are limited to the RE-Distributions of The WMI-LTs Remains (no much left)
..and list goes on. If wasn t for AZ, many will stay still in dark.
I appreciate that Az share his opinion here despite the daily attacks on him from different posters.Az don t need to prove anyone anything.
Money did not disappear( at least 65 billion).We are waiting...and is not over..not yet.
And ..yes AZ is Right!
IMO
Great job Az, as always thank you
Agree :)
LOL :))
jerrylev, Ron does not read your post
jerrylev, I don t think Ron or Az read your post. Why waste your energy? I have never seen a reply from them to your posts. Just saying ..
Correct!Very accurate post!
I can see Preferred getting close to 2 k max.
I do believe we ll see a minimum of 65 billion .
There is no contradiction. If you remember in 2012, it was a real confusion about what class is best to invest (P or Q) ,especially on the yahoo board.
If we look back, nobody had the exact idea of ??how they set up all this WMI bankruptcy process and how they sold WMB .
I fell into that too, and I sold a lot of Q in favor of P and K.
I think it was in 2015 when I realized that I made a mistake as I sold most of Q and bought P.
There are some famous posters that did not release, hoping they can sue later on for fraud .
I have no regrets. It is what it is. They tricked us. I have enough P and K , so I m not greedy.
I do believe AZ is right.
Great Post! I agree 100%, and I own 80% (P & K) and 20% (Q). It does not make any sense for me to get paid more than face value + interest for my P & K.
AZ explained very well, and I have no doubt that AZ is right.
IMO
Very well said!!! I m thankfull to Az for the effort he made to post here .
Great post!
You are right my friend!
I agree 100%.
That s correct!
Great work Az!! Thank you
Great Post !! I agree !
Thank you Ron and AZ. WMI -LT is irrelevant at this point. Imo
Ron does not read u post
It would be right to put Wachovia debts too. If we look at Wachovia, historical data (2000-2008, wikipedia) Assets & Liability, we find that the difference between assets and liabilities is very small .
https://en.m.wikipedia.org/wiki/Wachovia
Love it! Thank you Ron
Great job AZ! Thank you for sharing
Thank you Az for keeping our memory fresh.we appreciate your input always
I agree 100%
Great Post Royal!
Agree!
Thanks for sharing AZ !
Great post!
Great Post Royal
I agree!! AZ is RIGHT!
Actually, i think opposite, he's very.intelligent
wwhatthe,
Great post!
We have the petition date as of September 26,2008 and the effective date is March 19,2012.
Since ,you don t need a share to get cash distributions,is it possible that those who will receive cash are those who have shares on Petition date only?
Let's say that in September 26,2008 ,I had xxx wamu shares, and on Sept 29,2008 I sold them. Since bancrupcy / take over harm more these people prior the Petition Date, and the fact that I do not need shares for cash distribution, I will still be able to get cash distribution?
What is your interpretations on this?
I am afraid that they played a trick to all of us that bought shares after Petition Date.
Thank you
As long as we don t have WAMU P&A Agreement (scrivener's error)—there is no schedule 3.1a all we have here is JUST OPINIONS when comes "how much" we get back. With all do respect, your opinion about 2-10 billion coming back is as good as the one for 299 billion IMO .None of them are FACTS!! Many people we ll be shocked when we all see schedule 3.1a. Dr A did not come up this number (86 billion) from his dream,he is an expert.
My opinion is with Lucky Panda here, we should get at least 85 billion (no less than 65 billion).That's fair and reasonable.
No schedule 3.1 a then NO FACTS, just opinions when comes "how much". It s very simple.
Thank you
That s 100% correct!
Agree!! You are right!
It was 65 billion as of Sep 2008 (for everything)
JPM never purchased nor assumed any residential mortgage loans. JPM did however purchase "certain" assets, which may include debt servicing rights.
JOM obtained servicing rights over auto loans, credit cards, student loans, depository securities, ect., but NO Loans.
This is why the "Public" agreement does not have an actual schedule of loans attached.
This next revelation may shock many of you, but the public 39 page agreement, is NOT the actual agreement.
The actual agreement is over 100+ pages long, and it offers the answers.
Anyway,count 10 + years and 85 billion os a realistic number.
IMO
bk/Escrow..did not sell 19k P, and did not release either.So if we get no penny, this bankruptcy is a fraud and open to a lawsuit.
That s way he hang around .Bad play, imo.
Not only we ll be paid, but all it will be book value (65-85 billion). Could be much more.
IMO
Great post fsshon!
Agree!!
Az did not say that! you are comparing apple with oranges.