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$Rillions.
Scooby-Doo
ck, W H E N?
If in your opinion there is nothing coming back, then why are you concerned about W H E N?
NO, goodie.
Cool your jets. Just because you don't understand, doesn't mean there is Wrong Doing.
The Stipulation is Correct. Yes, Correct.
"griffin" LOST for good reasons.
Yes there is plenty of Money for all if you Released as THJMFW hinted.
Posit+.
Yes, I hope the UW get 5 times Face for their P's, because so will I.
No, MARTA Gets Paid,
so they don't need to file.
Has the 60 day clock ever been proven as fact?
MARTA and TMF are Accredited Investors.
So is WMIIC, but that money needs to cycle thru a distribution process like a dividend would.
=> AZ is Right <=
Yes, "griffin" LOST.
=> AZ is Right <=
Order Overruling Objection of Alice Griffin.
Court Docket: #12618
Document Name: Certification of Counsel Regarding Order Overruling First Omnibus Objection of Alice Griffin with Respect to Allowed Claims of Morgan Stanley & Co., Incorporated, Credit Suisse Securities (USA) LLC, and Goldman, Sachs & Co., on Behalf of Themselves and Certain Underwriters (Filed by WMI Liquidating Trust)
Date Filed: 4/23/2019
Related Documents [1]
12595
http://www.kccllc.net/wamu/document/0812229190423000000000003
Not signed yet.
Alice Wasted a Month,
before the DCDC could begin.
Now the DCDC has begun.
The FDIC is pursuing LIBOR.
WMI has a claim against the FDIC for WMB receivership and LIBOR is part of that valuation.
"WAAC and WMMSC are affiliates of the Debtor". Various ABS securities interest rates are base on LIBOR.
Series K are LIBOR based.
IMO, Now Nothing is Blocking Distributions.
With all Equity claims removed, WM Capital Trust 2001 can start the DCDC.
Point 3 from WMCT "Liquidation Preference".
FDIC Safe Harbored ABS are now free to distribute because the Docket is clear of litigation, and FDIC LIBOR is complete. That is the reason why B. Rosen filed Doc #12499.
DCDC, Distribution Count Down Clock.
MARTA and TMF are in Class 18 510(b).
Tranche 5 is 510(b). See Exhibit H. http://wmish.com/POR/7/exH.pdf
510(b) is the Pay-Point for all WMB issues/stuff.
"WAAC and WMMSC are affiliates of the Debtor". WAAC and WMMSC were the Securitization issuer for WMB. Yes, WAAC and WMMSC are 510(b). Therefore all Securitizations by WAAC and WMMSC are in 510(b) and paid into Tranche 5, 510(b). The Securitizations themselves will satisfy MARTA and TMF claims with their CERTs owned.
What doesn't belong to other institutions like MARTA and TMF, and that was invested in by WMI subs like WMIIC go to Tranche 6 class specific participation for distributions. Same for the payment for "WMB and it's assets".
WMI is a creditor to WMB. With the purchase of the bank WMB by the FDIC, JPM takes responsibility for all Class 17 WMB Notes.
About That Restructuring Agent.
Court Docket: #12616 Email
Document Name: Exhibit(s) //Notice of Amounts Paid by WMI Liquidating Trust Pursuant to the Liquidating Trust Agreement for Certain Compensation and for Services Rendered and Expenses Incurred by Trust Professionals for the Period Ending March 31, 2019 Filed by WMI Liquidating Trust. (Attachments: # (1) Exhibit A) (Steele, Amanda)
Date Filed: 4/23/2019
www.kccllc.net/wamu/document/0812229190423000000000001
meat, Because the Prospectus was Canceled,
You will not be receiving anything. You get ZERO $00.
You lost your claim to the associated Trusts with the cancelation of the Prospectus.
Sorry meat, "no soup for You".
Now has that Prospectus been canceled?
Meat, One Word.
"Caymans".
I'm sure you can find it yourself.
:)
Start Acting Like Accredited Investors.
Accredited Investors read. When you read, you will understand the process. Now stop complaining.
It's a process, just let it happen. Look for news; FDIC, FRB.
Yes, I'm waiting too.
Doc #12499 is very significant.
Adjust the DCR, and close the cases. Before the cases can close, GSA must be closed. I have already stated the reason why. Read.
We Win !
HLCE,
Ron
OK, Today You're Not an Accredited Investor.
If you Released, than you have a high probability of becoming an Accredited Investor.
Relax, there is plenty of Money to be distributed to the Released Equity holders. Class 19 and Class 22.
Some 75/25%.
Some only based on Class with respect to the associated backing ABS Trusts, and/or other assets..
and Yes, S@@N.
HLCE,
Ron
ACCREDITED INVESTOR, If You Have to Ask,
then your not.
Just search it.
fixedops, Are You An Accredited Investor?
Think WMIIC.
UW Dropped their Class 18 Claim,
for $24MM with the new Plan 7 Stipulation. The UW also had a Class 20 claim from Plan 6 Stipulation. Plan 6 failed. Then came Plan 7. Plan 7 made Class 19 and Class 20 "of the same standing" (joined them into Class 19) due to the "Exchange Event".
The UW were still bound by the first stipulation as a signed contract from Plan 6. Because of Plan 7, the Stipulation needed to be modified to reflect Plan 7 Class 20 removal.
The UW as UWers had Series R preferred shares, so upon the new Stipulation signing, the UW received their ESC and WMIH shares that were held back awaiting resolution.
Hi Denny.
and you.....
All Alice's Inventions.
2.9*Posit. What If?
The Posit was already part of the Record.
WM Capital Trusts 2001.
What if the UW got more than Face? Would that be bad? They owned them just like You and Me!
DER is not an assets of WMILT.
SAPer, What Rosen Said Today is Correct.
510(b) takes care of it self as the Pay-Point regarding WMB issues. WMI is a creditor to WMB. It's time to Pay-up Mr. FDIC.
Tranche 5 is 510(b), Class 17 and Class 18.
WMI is a Creditor to WMIIC,
just like WMI is a creditor to WMB.
MARTA and TMF for distribution to unsecured creditors also.
Why SH Assets Cannot Be Mentioned.
The First, first filing.
BK #28, not BK# 29.
Read it very carefully. The Doc tells you why WMIIC are not discussed.
Court Docket: #0001
Document Name: Voluntary Petition for WMI Investment Corp.
Date Filed: 9/26/2008
http://www.kccllc.net/wamu/document/0812228080926000000000001
Thanks to AZ.
Class 18 is in 510(b).
All Class 18 claimants have been removed.
Tranche 5 is 510(b); Class 17, Class 18.
JPM takes over Class 17 with the purchase of WMB when FDIC makes "the Final Payment" to WMI by FDIC for "WMB and it's assets".
FDIC frees up Safe Harbor and MARTA and TMF are satisfied as Class18, 510(b). Freeing Safe Harbor opens distributions to all ABS CERT holders like WMI subs like WMIIC.
Yes, The DCDC Has Begun.
Multiple sources of distributions from other than the WMILT. Just a matter of process.
DER, is not an assets of the Trust.
363/365 Sale.
FDIC 510(b) for "WMB and it's assets", and ABS Trust CERTs held by WMI subs like WMIIC in FDIC Safe Harbor.
WM Capital Trusts 2001.
COOP.
and Others.
HLCE,
Ron
No, It Goes the Other-way Around.
No Releases for the FDIC until FDIC Pays into 510(b) for "WMB and it's assets" to WMI Tranche 6 Commons, the Owners of 'The Debtors Estate'. FDIC does not get the Title to WMB until the Check clears. Then the FDIC can receive Releases from 'The Debtors Estate' with Kosturos signature acknowledging the completion of the GSA due to payment received. LTI's are NOT required and this is NOT 75/25%.
This 510(b) distribution will also be to Class 18 MARTA and Tranquility Master Fund and others like WMIIC for their ABS Trust CERTs held. "WAAC and WMMSC are affiliates of the Debtor" from FDIC Safe Harbor. WM Capital Trusts 2001 are NOT in FDIC Safe Harbor, hint; KCC for distributions.
Class 17 is paid/satisfied by JPM directly. Cash and/or JPM shares.
We don't need anymore delays.
510(b) NOT WMILT.
The FAQ is correct.
"[n]o actions in the Receivership are expected to yield any recovery to WMILT or the holders of beneficial interests in WMILT.”
I will never receive an LTI from WMILT because I don't need an LTI to receive a recovery..
WMB Receivership payments come into 510(b) at Tranche 5 for distribution and NOT to the WMILT. The WMILT only 'polices' the event to monitor the terms of the GSA as the legal representatives to Tranche 6, "The Debtor's Estate". WMILT was setup to pay the Creditors and monitor the Process as our representatives. There are other venues for distributions other-than the WMILT.
#12609, PDF 9, PARA 27;
http://www.kccllc.net/wamu/document/0812229190417000000000003
Exhibit B; More manufactured paranoia by the Queen of Financial Fiction.
You To Could Use Your ESC TM,
as collateral if your Bank understood the ABS Trusts your ESC Tracking Markers, (ESC TM) are associated with. The Intuitional parties like the HF can talk to and show the lenders the future value the ESCs have.
Just because you don't understand the process, doesn't mean there is Wrong Doing.
LIBOR Settlement 2019
Bing;
https://www.bing.com/search?q=libor%20settlement%202019&qs=n&form=QBRE&sp=-1&pq=libor%20settlement%202019&sc=1-21&sk=&cvid=1F02E5F2945A423BA66F42F5AD84669E
LIBOR Manipulation Settlements - MCAG
https://settlements.mcaginc.com/settlements/libor
Dec 20, 2018 · Payment Card Settlement Disclaimer: On January 24, 2019 the Court granted preliminary approval of the settlement filed on September 18, 2018 for the Rule 23(b)(3) Class Plaintiffs in this action. No claim forms are available at this time, and no claim-filing deadline exists.
https://settlements.mcaginc.com/settlements/libor
Looks to Me like the Settlements have been made. Now is time to Pay.
What do you think?
LIBOR Litigation Update.
Bing;
https://www.bing.com/search?q=libor+litigation+update&form=EDGNTT&qs=AS&cvid=fc952fdfc75c4ad492638fa90499ed00&refig=d3866739608b4164f52ca1d1da927be0&cc=US&setlang=en-US&PC=DCTS
Note the dates.
What is the most current date you can find?
Mordicai, READ.
Plan 6;
http://www.kccllc.net/wamu/document/0812229101025000000000008
Court Docket: #10666 Email
Document Name: Eighty-Third Omnibus (Substantive) Objection of WMI Liquidating Trust to Proofs of Claim Filed by Morgan Stanley & Co, Inc., Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, and Other Underwriter Defendants (Claim Nos. 3935, 4045, 4046, 4047) Asserting Claims for Indemnification Relating to Securities Litigation(Note: This document is 10.1 MB. Depending on the speed of your internet connection, download of this document may take several minutes.)
Date Filed: 9/14/2012
http://www.kccllc.net/wamu/document/0812229120914000000000006
Plan 6, 510(b) Stipulation, PDF 538;
Class 18, Class 20.
Plan 7, Class 19 Stipulation;
No Class 18, Class 19.
You and Alice are wasting time before we can receive our distributions.
WMILT and the UW did not need a Court approval for the Modified Stipulation. See PDF 539, PARA 10.
No 75/25% to the End. The Stipulation is NOT 75/25%. #12595 is all founded in misunderstanding of Plan 7.
You Are Flat-out Wrong Mordicai.
The first stipulation happened during Plan 6. UW held Series R Preferred share which were in Class 20 during Plan 6. Plan 7 moved Class 20 into Class 19 not WMILT and the UW. That is why NO Court approval was needed. WMILT just put the UW in the right Class per Plan 7 with the Modified Stipulation.
From Plan 6;
4.18 Class 18 Subordinated Claims...33
4.19 Class 19 REIT Series...33
4.20 Class 20 Preferred Equity Interests...33
4.21 Class 21 Dime Warrants....33
4.22 Class 22 Common Equity Interests...33
http://www.kccllc.net/wamu/document/0812229101025000000000008
The UW Are Beneficiaries to Plan 7,
just like you and Me. UW had a valid Plan 6 Class 20 claim just like us. Plan 7 happened. Class 20 was moved into Plan 7 Class 19.
Nothing nefarious happened with the UW Class 19 Stipulation.
The Plan 6 510(b) Stipulation,
bound the UW to that signed stipulation of a Class 18 and Class 20 claims. Plan 6 failed! Plan 7 moved Class 20 into Class 19 due to the "Exchange Event" and made Preferred Class 20 Pari passu with REIT Class 19. The 510(b) Stipulation bound UW needed a new stipulation before UW could receive the Class 19 rewards the same as us. The Class 19 Stipulation solved that problem, and the UW received their ESCs and WMIH shares due them just like us. The UW dropped their Class 18 claim of ~$24MM with the new stipulation. WMILT and the UW had the right to modify their stipulation without Court approval. The UW did not receive any favors from the Class 19 Stipulation.
From Plan 6;
4.18 Class 18 Subordinated Claims...33
4.19 Class 19 REIT Series...33
4.20 Class 20 Preferred Equity Interests...33
4.21 Class 21 Dime Warrants....33
4.22 Class 22 Common Equity Interests...33
http://www.kccllc.net/wamu/document/0812229101025000000000008
Alice has wasted a whole Month and your money for nothing.
"The Liquidation Preference".
Yes, distributions are to be made when the Docket is clear of all litigation.
See AZ's posts regarding "The Liquidation Preference" for the WM Capital Trusts 2001, point 3. The Distribution Count Down Clock can start after point 3 is satisfied. Similar criterion for the FDIC Trusts in Safeharbor and the ability to close the BKs to be able to release other sources of distributions like;
* The 363/365 Sale.
* DER.
* Other DCR.
* Yes, and COOP also.
Yes Alice gummed-up and froze the DCDC.
Hopefully the DCDC can be restarted on after 4-22.
Tic-tock the DCDC.
THERE IS NO WRONG DOING.
Just because you don't understand the process doesn't mean there is wrong doing.
Monday will be fun for some like Me, and expensive for the "tantrumer".
Tic-tock DCDC.
Hope DCDC restarts in 4-23. A whole Month wasted.
Thanks AG.
Yes LG, Back in 2012,
I believed in 75/25% was global. But not anymore.
I made adjustments as I read and learned more.
Denny, Please Send Money to Alice.
She asked for costs, and as she losses the others will ask for costs and they should. If Alice want's to file her Second "tamper tantrum", then she needs to put a $100,000.00 Bond for our lost interest just like Kyle almost had to.
Generating a 1800+ page document is expensive. Court time even more so !
? Will Alice's reimbursed cost incurred to WMILT and UW exceed $100,000.00 ?
Yes ?
No ?