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Looks like there is less than 38B left and more than 5B in legal fees. Lets say 30B is left there is still 21 institutional companies that can sue for that money. Looks like JPM is cherry picking them and leaving the bad ones for someone else. Assuming fire sales and no interest that 38B number can shrink significantly also considering that statement is from 2014. Whatever might be left I expect those 21 entities are not going to sit while they give the money to us and with more litigation well you get the idea.
http://www.businessinsider.com/r-jpmorgan-builds-up-apartment-loan-leader-from-wamu-rubble-2015-7
I bet I have more escrows than you and a few here combined. By the way I just checked my escrow markers and they have a value $0. Let me know if yours show something different so I can go to Scottrade and complain.
Eloquent dialogue but doesn't show any money!!
SHOW ME I DARE U, I DOUBLE DARE U!!
I havent seen any list of assets anywhere...
https://closedbanks.fdic.gov/drrip/Ext/BalDetails/10015
Knock yourself out!!!
YEAHH!! IM IN HAHA!!
Don't u see no one loving escrows no more!!!
LOL there is NO 151B (its gone) it was debt and that debt has been cleared. There is no Billions at FDICR show me proof. DEBTORS are still OWED 13B. There is nothing but debt at receivership, LOOK IT UP!! Whether or not there are other hidden assets I dont know but doubtful. The 151B that JPM had off balance at FDICR was to pay themselves behind the scenes LOL It was a ROPE-A-DOPE, GET IT!!?? You cannot mess with these guys...
Tranche 6, maybe in another 10 years......
Im not really sure why people still think Suckman and WillieRat give a rats azz as to what happens in here. I mean even after all these years people dont realize the only hero here is Nate Thoma. We are here alone and noone is coming to the rescue...
LOL have not quit my job yet. WAMU killing my expectations and my ferrari is vanishing.
I never said we were gonna get paid with that money, read my post. I was asking Argus if that was what he was implying and being sarcastic about it because I know that statement is not true. I have read Cotton's post and have my own opinion as to what will happen here. Thank you very much!!!
Also Assumption is the mother of all fukups!!
So you are assuming that 800M is to pay for my CT's? YEEEEHHAAAAAWWWW
LOL,Suckman is long gone he does not even care what is going here.
Nice DD man wonder why the court charade to remove cap on preferreds. probably to convince people into signing releases making them think there was a bunch of money they knew did not existed...
This is certainly not the fair and reasonable that I was expecting...
You mean to tell me after all PIERS are the only winners here? cause that is not what LG is saying....
WTH 151B subrogated claim at FDICR (unaudited) that has been paid to date therefore $0 left over. WHO got that money?,JPIG? IT WAS NOT ME!!
https://closedbanks.fdic.gov/drrip/Ext/BalDetails/10015
WHAAAAAAATTTTTTTTTTT!!!!!!
THERE GOES THE FERRARI.....
Nah problem is I been married to this stock for too long. I'm gonna have to forcibly divorce from it for good.
I would not buy anymore of this POS even if it was the only stock available.
This POS stock is going under $1...
http://seekingalpha.com/article/4034259-nothing-special-special-purpose-acquisition-company-wmih
what a POS this stock is....
LOL nope, why would only one capital trust preferred be paid and not the others? That does not make any sense. If one gets paid all have to get paid. There is no preferential treatment.
He likes to buy high and sell low let him be happy with his trade skills.
Voodoo what makes you think whoever has the assets wants to give it back or how can we avoid them from holding those assets indefinately?? The only one we can maybe sue is the FDIC you honestly think that will go somewhere?? The only entity with some pull to do something is Appaloosa and he might be dining with Martin right now and making some WMIH jokes.
YEAH!!!
Thanks very much for that info Cotton, you are KING!!!!
why delete, everyone is entitled to their own opinion.
Darn I should have bought PIERS instead of worthless Preferreds. PIERS made up like bandits, Congratulations!! to PIERS buyers....
Must be something wrong with your theory. You mean to tell me if 24B back preferreds will get ~$6000 per share?If you really think that please I would like some of what your smoking. Now if like boarddork says if there is not enough money coming from the estate then the 75/25% takes effect I might be more incline to believe that. No way in hell you guys get $6000/ share, although I would love to that does not make any sense. Unless my math is wrong!!
Im glad I did not listen to W3 and others about selling commons for preferreds I just bought some preferreds instead and left my commons intact. Thanks to wamuvoodoo he insisted commons would be winner. I guess if we ever get anything we'll know for sure.
Good Luck!!
Finally a sensible poster, BRAVO!!!!
Looks like more people are starting to realize what I said long ago, WillieRat sold our arses down river. It should be obvious by now where the BOD stands and let me tell you Im 99.9% sure they are not out to protect our interest. Someone needs to take charge here and go after BOD we need some explanation as to what is going on or they will keep laughing and making money at our expense.
Do you really think if they wanted to do an acquisition they would of waited until December 30 to do it?, and why would Tepper sell prior to this event? Does it make any sense, what does your common sense tells you? I can guarantee there will be no merger in the near future, you will know when a big event is coming when you see spike in pps and insiders start to buy. Pretty simple stuff...
Exactly,label this POS CAVEAT EMPTOR!!
I agree if something was to happen before year end it would of happened already. There was a reason why Tepper sold and is because there will be no event for a while and making money somewhere else in the meantime. Too bad I cannot kick myself in the ass, I should of followed suit. Feel like an idiot for holding this too long and not sell for profit waiting on the darn unicorns.
Easy you will know we are close to an event when Tepper buys his 8M shares back. This game is so rigged I even lost faith in WMIH. Watch SEC disregard insider trading as usual.