Each Reserve was Set-up for a Specific Task.

DCR for remaining Creditors and Claimants litigation and payments.

DER for equity interests of Creditors and Claimants if litigation is successful.

RE/DCR for Tranche 6 after completion of above. See February 29th 2012 MOR.

IMO Regarding 75%/25%.

75%/25% regards the items moved to/into the WMILT. About 5 subs, the DCR, the DER, and RE/DCR. The Retained Earning of $20.7 Billion as of February 29th 2012 MOR. Yes, 2012 was a leap year.

The WMILT documentation is regarding the WMILT. The WMILT was set-up with sufficient funds to pay the remaining Claims and Claimants, with just a little left over to close the Cases.
In principle; If those Runoff-notes made more money the WMILT may have needed to issues LTI's to equity holders. But that did not happen now did it. At this point, the WMILT only action is to distribute the DER and Close the Cases.

Just from the RE/DCR alone, class 19 could see close to 3X face due to many years of interest.

The Reorganized Debtor is NOT part of the WMILT, nor the WMILT's 75%/25% methodology.

Hence; 75%/25% is NOT Global.

COOP Shares for Value is one-for-one, NOT 75%/25%.
Commons for commons.
Preferred for Preferred.

Yes, I also own Class 19s.

Lucky for us, Bop Pro Se filing for herself and others shouldn't stop the process for DER, RE/DCR, "The Final Payment", S4V distributions.

If it does cost us more months, then you have her to blame at the same time she took your money also.


HLCE,
Ron

?There May Be No Assets Forthcoming to Escrow Holders?


I find it amazing that some WMI investors doubt the return Assets, both Property and Cash returning to Escrow Holders.

The WMB Notes are JPM responsibility as closure to Change-in-Control. The WMB Notes payment does not come out of WMILT's pocket, nor the Debtors.


The Goodies;

DER

RE/DCR

363/365 Sale

Payment for "WMB and it's assets" consummating CIC.

Subs of WMI's investment participation in ABS Certs.

Valuation of other WMI subs that did not passthrough to the WMILT.

COOP Shares for Value for ongoing preforming subs/assets.

Now that all WMI Claims and Obligations are Finished/Closed, the above Goodies are free for distribution.


That is why I say;
HLCE,
Ron

What About the AT&T Settlement?

Is Bop going to object to the AT&T Settlement also? That took monies away from equity also?

See PDF 71.

Bop may just have cost you another month or more just for her fame.

All this was settled back in 2012-2013.

Bopfan has been Busy.

CSNY.

Court Docket: #12595
Document Name: First Omnibus Objection to Claims 3935 and 4045. Filed by Alice Griffin. Hearing scheduled for 4/22/2019 at 11:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 4/12/2019. (Attachments: # (1) Notice # (2) Notice # (3) Service List) (Griffin, Alice)
Date Filed: 3/22/2019

Hearing scheduled for 4/22/2019 at 11:30 AM at US Bankruptcy Court

See PDF 69/77.

Requested signing date is April.

http://www.kccllc.net/wamu/document/0812229190322000000000001


08-12229-MFW Washington Mutual, Inc. and Joshua R. Hochberg, the Examiner Ch. 11

Pro Se Objection to 2 Claims

http://www.deb.uscourts.gov/sites/default/files/moveit/MFW.html


No Hochberg was not there.

HM, Yes The WMI-LT Is Pretty Much Irrelevant Now.

"DER held a de minimus amount of cash."

You and AZ are right; The WMI-LT Is Pretty Much Irrelevant Now.

The $20.7B is coming, and all the other stuff with no need for the WMI-LT.

HM, You tell Us What YOU Think,

is the source of the cash rather then jumping on anyone possible explanation.

It looks like the WMILT only has one more function/event left of shares and cash.

The $20.7B is trivial compared to the $299B "WMB and it's assets" payment, or the more than two Trillion in ABS Certs accumulation and future payments that WMI subsidiaries invested in.


So; Yes The WMI-LT Is Pretty Much Irrelevant Now.

We Can Smell the Sausage, but We Can't See It.

Yes, all avenues needed to be closed to would-be fictitious claims that will arise when the money hits.

HM, What Do You Think the Cash,

in the Disputed Equity Escrow is referencing? Where did it come from? I was just looking for a possible source for the Cash. The target for distribution is Equity Escrow Holders as the $20.7B RE/DCR would be.


"The shares and any cash that may be distributed on behalf of the shares are held in a separate escrow account that is not recorded as an asset of the Trust."

Feb 25th 2019 Doc 12585 freed-up all the stuff in the other Claim Reserves. The DCR normally talked about was set-aside the Employee Claimants. There is other Reserves, like the Disputed Equity Escrow, and the Retained Earnings/DCR, and 363/365 Sale that are designated for Equity Escrow Holders now that all Claims and obligation have been removed from the Debtor Estate-WMI/WMIIC.

HM, the WMI-LT was created to pay-off the Claims and obligation of the Debtor Estate-WMI/WMIIC, which is now completed as of Feb 25th 2019 with Doc #12585 and Creditors distributions.

So; Yes The WMI-LT Is Pretty Much Irrelevant Now because all Claims and Obligation are closed.


Someone please tell jerry I don't read his reply.

HM, $20 bucks is all you will get.

You just like to argue and it's all that you are capable of.

Yes The WMI-LT Is Pretty Much Irrelevant Now.


HLCE for us others that invested correctly,
Ron

No HM, Thats $20.7 Billion in,

the Retained Earning/DCR from the FEB MOR 2012.

Don't forget about the 363/365 Sale that is also NOT an assets of the Trust (WMILT), all destined for the Equity Escrow Holders distributed by KCC/DTC-DTCC, A&M.

No need for an LTI from the WMI-LT.

HM, Yes The WMI-LT Is Pretty Much Irrelevant Now.

As Note 6 says;
"The shares and any cash that may be distributed on behalf of the shares are held in a separate escrow account that is not recorded as an asset of the Trust."

The Cash was de minimus As of December 31, 2018.

Note 6: Disputed Equity Escrow

Yes, the last sentence is a typo; Should be As of December 31, 2018
"As of December 31, 2019, 128,857 shares of Reorganized WMI common stock and a de minimus amount of cash, remained in the Disputed Equity Escrow."

Others; Please see the Replied to post to read Note 6 carefully.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147701747


Feb 25th 2019 Doc 12585 freed-up all the stuff in the other Claim Reserves. The DCR normally talked about was set-aside the Employee Claimants. There is other Reserves, like the Disputed Equity Escrow, and the Retained Earnings/DCR, and 363/365 Sale that are designated for Equity Escrow Holders now that all Claims and obligation have been removed from the Debtor Estate-WMI/WMIIC.

HM, the WMI-LT job is to pay-off the Claims and obligation of the Debtor Estate-WMI/WMIIC, which is now completed as of Feb 25th 2019 with Doc #12585 and Creditors distributions.

So; Yes The WMI-LT Is Pretty Much Irrelevant Now.


HLCE if you invested correctly,
Ron

Note 6: Disputed Equity Escrow

Yes, the last sentence is a typo; Should be As of December 31, 2018
"As of December 31, 2019, 128,857 shares of Reorganized WMI common stock and a de minimus amount of cash, remained in the Disputed Equity Escrow."

Others; Please see the Replied to post to read Note 6 carefully.


Feb 25th 2019 Doc 12585 freed-up all the stuff in the other Claim Reserves. The DCR normally talked about was set-aside the Employee Claimants. There is other Reserves, like the Disputed Equity Escrow, and the Retained Earnings/DCR, and 363/365 Sale that are designated for Equity Escrow Holders now that all Claims and obligation have been removed from the Debtor Estate-WMI/WMIIC.

Famous Footnotes.

Our new one is Footnote 6.

Why would there be cash in the Shares envelope/account? Cash bound for Equity Escrow !

Remember RE/DCR from Feb MOR 2012 of $20.7B for Equity Escrow Holders. IMO, that's the Cash being referred to here.

The Liabilities Never Became Liabilities.

Example; The Customer Deposit Base was transferred NOT withdrawn. Therefore the Customer Deposit Base Never Became a Liability.

Subtract ZERO.

Example 2; Doc #5885, FN 2.
Fifth Amendment Taking.

WMI is a creditor to WMB. WMB's liabilities are to WMI.


The ~$24 - $26 billion number people talk about is the 363/365 Sale. Please see Equity Committees presentation.


Hint; Rabbi Trusts, reimbursal $4B for TPS exchange Event,

HM, WMI Sued the FDIC for $305 Billion.

The FDIC has declared $299 Billion for "WMB and it's assets".

So, even your $80 Billion is a low-ball number.

WMB securitized Two Trillion in RMBS. The RMBS are a subset of the ABS produced. Yes a bigger number than Two Trillion in ABS!

Money for "WMB and it's assets".

Money from ABS that WMI subs invested in.

Now what happens when damages and interest is added in.


HLCE if you invested correctly,
Ron

Offices of Sullivan & Cromwell LLP,

Sullivan & Cromwell LLP is JPM's council.

"The documents to be delivered at the Time of Delivery by or on behalf of the parties hereto pursuant to Section 8 hereof, including the cross receipt for the Securities, will be delivered at the offices of Sullivan & Cromwell LLP, 125 Broad Street, New York, New York 10004 (the “ Closing Location ”), and the Securities will be credited to the account of the Representatives at DTC, all at the Time of Delivery. A meeting will be held at the Closing Location at 4:00 p.m., New York City time, on the New York Business Day next preceding the Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available for review by the parties hereto. For the purposes of this Section 4,"


Yes JPM owes stock and cast to;

WMI,
Lehmans,
AIG,
Thornburg Mortgage,
and Others.


JPM's derivative position was the Insurance Policies for the ABS Trusts of which JPM owned 57% of the Derivative market back in 2008. The 11.9% loss in the Globic settlement would need to be made-up by the ABS Trust Insurance Policies as insured Bonds.


Other Derivative Insurance Policies Writers like BofA will also need to cover the ABS Trusts losses from the 2008 "Credit Crises".

If RICO, JPM Could Buy,

"WMB and it's assets" with JPM stock, 1X. But the other 2/3 of 3X would need to be in cash.

Remember 3X for "Willful Misconduct" RICO?

JPM can't pay the penalty portion with stock, only cash.

JPM settled very fast after Doc #1997 was filed.

The FDIC says "WMB and it's assets" are worth $299B.

?? How many share will JPM need?? :)

S4V, Share for Value.

The Reorg Debtor still owes compensation to old Equity Classes 19 and 22 for property held.

Hint; WaMu 1031, WMIIC that was 'dissolved', and a whole bunch of other Stuff.

IMO'
1:1 at 12 for 22. :)
1:1 for 19

Document #12499, Rosen Said,

" and, shortly thereafter, seek to close the Debtors’ chapter 11 cases."

Rosen made no comments about other issues needing to be resolved like MARTA before closing the cases.

PDF 5/48;

"4. At this time, the Claims and the pending Adversary Proceedings are the lone hurdles standing in the way of closing the Debtors’ chapter 11 cases. The Trust understands that Claimants may not wish to risk subsequent adverse determinations in the Adversary Proceedings or incur fees and expenses in defense of the claims and causes of action asserted therein. Accordingly, in the event that the Court grants the Omnibus Objections, disallows the Claims and authorizes the release and distribution of funds and Liquidating Trust Interests in the Disputed Claims Reserve, the Trust will voluntarily withdraw the Adversary Proceedings, with prejudice, and, shortly thereafter, seek to close the Debtors’ chapter 11 cases.

5. For these reasons, and those set forth herein, the Motion should be
granted."

http://www.kccllc.net/wamu/document/0812229180830000000000001


GRANTED !

Document #12585;
http://www.kccllc.net/wamu/document/0812229190201000000000002


Bye, Bye Employee Claimants !

Document #12584;
http://www.kccllc.net/wamu/document/0812229190201000000000001


Understand Plan 6, Participate in Plan 7.

Hint; 510(b) moved as Exhibit H as changed !


HLCE,
Ron

HM, again PIERS Are Done. EOM.

HM, PIERS Are Done.

A CASH DISTRIBUTION OF APPROXIMATELY $50 MILLION WAS MADE TO TRANCHE 4 LTI HOLDERS ON FEBRUARY 25, 2019. THESE LTI HOLDERS INCLUDE SENIOR FLOATING RATE NOTE, PIERS AND GENERAL UNSECURED CLAIMANTS. ALL TRANCHE 4 CLAIMS HAVE BEEN PAID IN FULL.

PLEASE CLICK HERE TO VIEW THE PRESS RELEASE.
http://www.kccllc.net/documents/8817600/8817600190225000000000001.pdf

HM, WF debentures is Millions.

The WMCT 2001 III in Billions.

Factor of 1,000.

Debentures will be paid infull as Distributions are made.

Everyone will be happy.


HLCE,
Ron

RICO Project West RICO.

RICO Project West RICO.

Doc #1997 for Project West.

See PDF 435. ANICO. Rotella received a $20 Million bonus from JPM. Read it.

Thanks Boris the Spider.

Yes AZ, No One Wants to Talk About;

See AZ's post;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147437723

"Upon any voluntary or involuntary liquidation or bankruptcy of Washington Mutual, the Property Trustee, as holder of the debentures, would be a subordinated creditor of Washington Mutual, subordinated in right of payment to all Senior Indebtedness as set forth in the indenture, but entitled to receive payment in full of principal and interest before any stockholders of Washington Mutual receive payments or distributions. The positions of a holder of preferred securities and a holder of the debentures relative to other creditors and to stockholders of Washington Mutual in the event of liquidation or bankruptcy of Washington Mutual should be substantially the same."

All WMI obligations have been satisfied. There are no more Claims against the Estate. 510(b) is the only item left in Tranche 5. 510(b) is the Pay-Point for "WMB and it's assets".

Understand Plan 6, participate in Plan 7, and the change to Exhibit H.

Save Harbor.

Hundreds of WaMu ABS Trusts.

WMB securitized Two Trillion in RMBS.

?? Credit Cards ??
?? Commercial Leases ??

All WMI obligations have been satisfied. There are no more Claims against the Estate. 510(b) is the only item left in Tranche 5. 510(b) is the Pay-Point for "WMB and it's assets".

Next 510(b) for WMB and ABS returns at anytime now.

Game on !

WMIIC, Investment Corp.

Invests in ABS Trusts and other investments. WMIIC pays dividends to WMI.

WMIIC is a WMI subsidiaries.

Please see the first first filing.

The LT Doesn't Govern Exhibit H,

or bankruptcy remote assets. The LT only governs the few item put in it to satisfy Claims against the Estate and some related Tax returns.

All of the Estates obligations have been satisfied. We await 510(b) payment and ABS distributions.

See AZ's post;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147437723

"Upon any voluntary or involuntary liquidation or bankruptcy of Washington Mutual, the Property Trustee, as holder of the debentures, would be a subordinated creditor of Washington Mutual, subordinated in right of payment to all Senior Indebtedness as set forth in the indenture, but entitled to receive payment in full of principal and interest before any stockholders of Washington Mutual receive payments or distributions. The positions of a holder of preferred securities and a holder of the debentures relative to other creditors and to stockholders of Washington Mutual in the event of liquidation or bankruptcy of Washington Mutual should be substantially the same."

We await the Property Trustee / Indentured Trustee for the ABS Trusts.

Exhibit H Governs the LT's Distributions,

Not the LT governs the Washington Mutual, Inc. Waterfall Recovery Matrix, Exhibit H for distributions!

Exhibit H; Tranche 5 = 510(b) Sub Claims.

http://wmish.com/POR/7/exH.pdf

Therefore; Tranche 6 distributions can and will come from other sources bypassing the WMILT.

Hello KCC, DTCC, FDIC/JPM, COOP, Others(LIBOR).

It Says Creditors, Not Claimants.

The Employee Claimants are done. WMI is the only creditor in Class 18, Tranche 5.

"After giving effect to the Distribution, all General Unsecured Claims, including the Senior Floating Rate Note Claims and PIERS Claims, will have been paid-in-full and, to the extent funds become available, succeeding distributions will begin with Class 18 creditors."

http://www.kccllc.net/documents/8817600/8817600190225000000000001.pdf

What happened to Class 17? Wink, Wink !

WMI is a creditor to WMB. Doc #5885, FN 2.

In Exhibit H, Tranche-5, 510(b) is the only entry. No class 17 or class 18. Just; 510(b).

See Reply to posts.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147422058

It Says Creditors, Not Claimants.

The Employee Claimants are done. WMI is the only creditor in Class 18, Tranche 5.

"After giving effect to the Distribution, all General Unsecured Claims, including the Senior Floating Rate Note Claims and PIERS Claims, will have been paid-in-full and, to the extent funds become available, succeeding distributions will begin with Class 18 creditors."

http://www.kccllc.net/documents/8817600/8817600190225000000000001.pdf

What happened to Class 17? Wink, Wink !

WMI is a creditor to WMB. Doc #5885, FN 2.

See Reply to post.

Dmcemc, You Tell Me,

what could be holding things up?

What Tranche 4 and Tranche 5 WMI obligations are not paid in full?


Hint; Exhibit H, 510(b).

In Exhibit H, Tranche-5, 510(b) is the only entry. No class 17 or class 18. Just; 510(b).

I don't need to say it again.

Need a link?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147168535

But Now There is,

nothing keeping IT from Happening at anytime without warning from ABS or WMB/JPM sources.

Yes, and It's Only Been,

twelve days since 2-25-19.

All Tranche 4 and Tranche 5 WMI obligations have been satisfied. Tranche 5 510(b) sits in front of Tranche 6 Equity classes. Class 17 is paid from the same scouse. JPM.

Exhibit H.

Great Post AZ.

I love this line;

"As of September 30, 2007, we had total consolidated liabilities of approximately $306 billion."

"We" is the officers of WMI.

The "liabilities" are the "assets" due to the Investors in WMI.


HLCE,
Ron

Pick, Correct.

Hint; It's not coming from the WMILT. No LTI's required.

WHO IS "OTHERS"?

Thanks Flow.

The “Washington Mutual Capital Trust 2001” liquidation preference will NOT be coming from/thru the WMILT.

I have for my Released UQs? Yes, I have released PQs also.

DTCC.

I will never receive an LTI to receive distributions from;

“Off-Book”, “Safe Harbor Assets” (e.g.,“Washington Mutual Capital Trust 2001”, “Posit”, or “Retained Earnings)or other assets, Washington Mutual Bank Receivership.

Subordinated Claims.

Subordinated Claims is referencing 510(b) subordination. 510(b) is the Pay-point for all WMB issues like WMB Notes, "the Final Payment", and MARTA.

PickStocks, The HFs and I Both Agree,

that Tranche 6 will receive 510(b) from Tranche 5 and associated ABS Trust Funds.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147138922

HM, You are Right.

Our filed claim against the FDIC was for ~$305B.

WMI Filed a Claim Against the FDIC.

WMI sued the FDIC in D.C. for ~$305B.

The FDIC has stated; $299B for "WMB and it's assets". Tranche 5 deals with WMB issues.

Exhibit H; Tranche 5 = 510(b). 510(b) is an Over-Funded Claim. 510(b) is the Pay-point for "WMB and it's assets".

Class 18 Employee Claimants are all being removed from the WMI/WMIIC Bankruptcy. We paid them everything that will, or can receive from us.

Premature MARTA; MARTA has not been harmed yet because they are waiting for release of Safe harbored ABS Trusts just like us. WAAC and WMMSC are affiliates of the Debtor. MARTA was only able to file against us because we still have The Title to "WMB and it's assets". We only abandoned the 'Equity Interests', the right and title, not The Title!.

When we experience CIC/510(b) and release The Title to FDIC/JPM, then MARTA will NOT have the right/standing to re-file against us. MARTA can file against JPM. "The Final Payment" to WMI for "WMB and it's assets" by FDIC from JPM completes the GSA.

All of our Tranche 4 and Tranche 5 obligations are done/completed/finished. Therefore, the only thing left in Tranche 5 is 510(b).

Mr. Cooper should have a very busy week.