Very Big Nuts of Reward.

Squirrels like them.

VBNR.

The BK Cases are Preparing to Close.

The BK Cases can't close without the GSA closing first !

For the GSA to close, CIC has to happen.

Next Distribution date is February 1st for funds received in the forth quarter.

BIG :)

Just that simple.

VBNR

HLCE,
Ron

6.23 Million COOP shares Traded on;

December 23rd.

:)

Need for Filing Became MOOT !

CIC.

LG, IMO All Future EC Filings Became Moot,

regarding the BK cases. We just need Rosen's "Motion" to the Court to close the cases because the GSA has been satisfied with CIC at the EOY. Note filing Dates.

Points 10 and 11 of #12563 became Moot due to CIC happening by EOY 2018.

CIC moves EC issues to JPM with the exchange of Title for "WMB and it's assets".

CIC solves all of the points you listed in your post.


See Adversary Case Proceedings for Employee Claimants;
http://www.kccllc.net/wamu/info/3950

The Court has prepared EC parties for removal from the BK cases.

So far, nothing new on the Docket;
http://www.kccllc.net/wamu/document/list/3853

BBob, The Series R Preferred,

are Perpetual, non-redeemable and are directly associated with the Trusts [The Caymans] offerings.

We will see how Perpetual is accomplished.


BUT YOU WILL be JUST FINE

BBob, Yes they WILL.

The Series K prospectus was amended shortly before Reorg to become "REDEMABLE".

The Ks are NOT backed by the ABS Trusts [The Caymans] but are a true debt offering. That is why the Ks prospectus could be amended.



Question for Hotmeat:

If the Prospectus was going to be canceled, then why amend the Prospectus?

Yes BBob, Your Series K,

will be redeemed.

""YOU WILL BE JUST FINE""

BBob, Berg Didn't Release His Commons.

Others followed suit, thinking that they could/would file an Action.

Yep, Boarddork is right.

and a Great Big Cache,

of Very Big Nuts of Reward.

3WMB + ABS Holding.


VBNR,
Ron

Yes, The GSA is between WMI and the FDIC.

Pretty simple.

The 'Late' EC Filings,

are summaries of the cases so the EC cases can be broken away from the BK cases.


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146074850

Point 11 of #12563 Became Moot.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146242198

BBob, You Got Treble.

$24B is WMB only [bare bank], but NOT the Other assets.

$299 for "WMB and it's assets". > FDIC <.

A-L. WMI is a creditor to WMB.

You Got Treble.

"Willful Misconduct"

Yes, The Timing Delay Mechanism,

is about to time-out.

Point 11 of #12563 Became Moot.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146242198


HLCE,
Ron

$299 Billion for "WMB and it's Assets".

So says the FDIC.

$45.8 billion plus the other stuff = for "WMB and it's Assets".


Liabilities?

"WMI is a creditor to WMB".

Point 11 of #12563 Became Moot.

"11. Upon review of the parties’ submissions, the Court will direct the parties regarding next steps, including with respect to the scheduling of a hearing on the parties’ submissions and the allowance or disallowance of the Surviving Claims."

Date Filed: 11/19/2018


I too believe that CIC happened at years end. The Golden Parachute claims, and other WMB employment contracts follow JPM's purchase of "WMB and it's assets" with "the Final Payment" from the FDIC.


See Replied to post.

Next Scheduled LT Distribution Date,

is February 1st for any funds received in the forth quarter of 2018. Before the EC Scheduling Order became moot, the hearing to rule on CIC was set for February 4th. The EC Adversary Cases are all set to be removed from the BK cases. With CIC, JPM then owns "WMB and it's assets" and the responsibility of the EC claims. JPM agreed to pay the EC's CIC, then fired the employees. The FDIC/FRB never said that JPM couldn't give Vested Equity Interests and Golden Parachutes payments from JPM to the WMB employees.

Yes, IMO CIC happened EOY 2018, and Point 11 of #12563 became moot.

Yes, non-scheduled LT distributions can take place at anytime.

Doc #12499 started the final legal protocol for closing the BK cases. Also in #12499 footnote 1 changed!



Review;

* FDIC/OTS never had standing to seize property of a Holding Company.

* The seizure of "WMB and it's assets" was a Fifth Amendment Taking, 5AT.

* WMB's Tier 1 Rating was ~7.8 as reveled in JPM's 2008 10K.

* Remember, it was a Credit Crisis, not a Mortgage Crisis. The Derivatives were the problem,

* The GSA closes with "The Final Payment" to WMI for "WMB and it's assets".

* BK can't close with the GSA not completed.

Stock Market is Closed Monday.

21 January 2019
Martin Luther King, Jr. Day Closed

https://business.nasdaq.com/discover/events/trading-hours/index.html

LBHI, EXHIBIT A CLOSING DEBTORS.

Entity.---------------------------------------Case Number
Lehman Brothers Commercial Corporation --------08-13885
Lehman Brothers Commodity Services Inc. -------08-13901
Structured Asset Securities Corporation -------09-10558


$4,835,540,710.44 to LBHI from LBCC.

https://dm.epiq11.com/#/case/LBH/dockets/59383?debtorId=1906


I still contend that the reason these 3 LBHI subs can close is because LIBOR is settled. LIBOR was the last leg of the 2008 Credit Crises and the FDIC's suing of the Big Banks for LIBOR/Currency manipulation that harmed other Banks like WMB profit structure.

LBCC and SASC would/could have investment payments based on LIBOR just like WMI/WMIIC was structured. WMI's Series K dividend is based in LIBOR.

The Employee Claimants will Receive Their,

Vested Equity Interests Under the WaMu Equity Incentive Plan, and Golden Parachutes from JPM after CIC becomes official. The FDIC/FRB never said that JPM couldn't give Vested Equity Interests and Golden Parachutes from JPM to WMB employees. JPM is the parent of JPMC that now bought WMB.

Remember that when FDIC seized WMB, the FDIC did not get the Title to WMB. We agreed to release the "Equity Interest" in WMB to the FDIC, NOT the Title. Ownership follows Title.


IMO, CIC happened at the end of the year, we and the EC have not been told about it yet.

I'm expecting that we see our "Motion to Close" the Cases Monday or Tuesday like Lehman's did on Friday to close their BK Cases.

Dm,
Did you know these Doc are all on each Adversary Case Proceedings docket for the Employee Claimants? That means that these cases are ready to be removed from the BK cases #28 and #29.

http://www.kccllc.net/wamu/info/3950
Example;
WMI Liquidating Trust v. Todd H. Baker, Case No. 11-54031
http://www.kccllc.net/wamu/document/list/3958

The process is telling us that CIC happened. For the final numbers known what to pay for CIC, that means that all responsibility regarding ABS is closed. Yes, LIBOR too. That is why Lehman's is able to be closing their BK cases.


HLCE,
Ron

Three Gold Bars.

> Denke <

Globic Was the Prototype for All ABS Resolution.

Globic created the prototype for ABS put-backs and derivative contract [insurance] payments for all. WaMu, Lehman's, Thornberg, and others.

The 2008 Credit Crises was really about the derivative market. The derivatives insured the ABS Trusts base. When the RMBS saw losses as an example, the RMBS Trusts required put-backs, and the derivatives were to cover the losses.

IMO, The counter parties, which is the derivative contract writers have raised the money to cover their contract responsibilities and are/have making/made payments.


Royal Dude's Lehman's post is proof of the ABS/derivative contract resolution. Lehman's debt class is about to be "addressed"

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146063712


Also; The yin and yang of Tranche 5.

CIC moves with the Title. We still have the title to "WMB and it's assets", therefore we still have a contractual responsibly to the EC. When CIC happens, then Class 18 goes to JPM. JPM can pay their Golden Parachute package.
"The Final Payment" and WMB Notes payments comes into Tranche 5, and Class 18 EC leave Tranche 5.

RajuSondh1, "The Texas Action" RICO Allegation,

filing was sufficient to put JPM's RICO action in the public record.

"The Texas Action" does put forth a good documentation of JPM's RICO actions which is part of the Quinn-Emanuel Discovery in #1997. WMI could still have used "the Texas Action" RICO allegation and Project West settle in the GSA. Project West was never litigated either.

JPM's BOD would never let this go public due to 20 year jail sentence for JPM's BOD and the loss of reputation.
When Doc #1997 was filed on Dec 14th, 2009 JPM settled so fast that the female Quinn-Emanuel attorney that was requesting further discovery of JPM has not been informed by her fellow attorneys that JPM has settled.

As I said, RICO was never ruled-on/litigated in open court. Just the allegation with good documentation was enough to force settlement on our terms.

Yes, JPM settled fast and quiet. Remember how fast Cristian Grind was silenced? She was reporting on JPM's Project West. IMO, JPM needs to pay 3X the Final Value of "WMB and it's assets" to settle the "willful misconduct" RICO allegation.

ANICO was the Filer of the Texas Action.

ANICO is a Texas based Insurance company that filed in Texas to protect their WMB Notes investment. ANICO is also a member of the Ad Hoc Steering Committee of WMB Noteholders. The WMB Noteholders Group is the parties in the Dual-Track in DC.

AZ says it best; Rosemary of the Dual-Track release in The WMB Noteholders sted. Help, AZ.

The WMB Noteholders WON.
The WMB Noteholders have not Released yet.

ItsMyOption, "the Texas Action". RICO.

Yes "the Texas Action". RICO. was never ruled-on by any Judge. JPM's BOD would never let this go public due to 20 year jail sentence for JPM's BOD and the loss of reputation.
When Doc #1997 was filed on Dec 14th, 2009 JPM settled so fast that the female Quinn-Emanuel attorney that was requesting further discovery of JPM has not been informed by her fellow attorneys that JPM has settled.

Yes, JPM settled fast and quiet. Remember how fast Cristian Grind was silenced? She was reporting on JPM's Project West. IMO, JPM needs to pay 3X the Final Value of "WMB and it's assets" to settle the "willful misconduct" RICO allegation.

3X is restitution for the crime to remove all future exposure because criminal RICO has no statue of limitation.

What if the WMB Seizure Becomes a True Sale,

and the FDIC was just a broker for the transaction?

Please remember that FDIC/OTS did not have the Right/Standing to seize WMB due to WMI's pre-FDIC Act corporate structure.

As a WMI True Sale of WMB to JPM, then the Golden Parachute, ETRIP and SERAP will be satisfied by JPM.

We just need too wait out the next hearing from Point 11 and CIC. It's all about who has the Title to "WMB and it's assets".


~~Rumors happening~~

Today FDIC discussions of WMB General Unsecured claims; that would be Class 17b.
And $6B days before; that would be Class 17a.


Hint; The WMB Noteholder Ad Hoc Steering Committee WON in the Duel Track in DC.
Remember that ANICO is a member of the WMB Noteholder Ad Hoc Steering Committee. See #1997, PDF 435/825 for "the Texas Action". RICO.


If anyone if planning on suing WMILT or FDIC.
Save your money and the stress and Take Me and My Friends to Hawaii.
Relax, it's happening.
Now plan your Hawaii vacations. My fiends and I can buy our own vacations.

Thanks.



HLCE,
Ron.

UncleBo, Class 18 is JPM's Responsibility.

?? 38 million.. ??
23 Employee Claimants with an average annual salary of ~$200k - ~$300k;

~$4.6MM - ~$6.9MM DCR carve-out.
at $500k is only $11.5MM DCR carve-out.

The WMB Employee Claimants get their ETRIP, SERAP, and Golden Parachutes from JPM when CIC is completed.

When CIC is executed;
* The WMB Bonds are paid.
* "The Final Payment" is made to WMI for "WMB and it's assets".
* JPM takes over WMB Employee Claimants ETRIP and SERAP responsibility, and Golden Parachutes. The most the Employee Claimants can get from us is One Years Salary which includes legal expenses. The only reason the Employee Claimants could file against WMILT is because CIC hasn't happened yet. We/WMI still have the Title to "WMB and it's assets". The Employee Claimants adversary cases will be broken away from the BK cases when Point 11 is enacted.

"11. Upon review of the parties’ submissions, the Court will direct the parties regarding next steps, including with respect to the scheduling of a hearing on the parties’ submissions and the allowance or disallowance of the Surviving Claims."

Debtor Name..................Debtor Case Number
WMI Investment Corp. ........08-12228
Washington Mutual, Inc. .....08-12229


Notice that KKK, Stewart Landefeld, Thomas Lehman never filed a claim against the Debtor as employees.

The Next Steps; From 12563:

"11. Upon review of the parties’ submissions, the Court will direct the parties regarding next steps, including with respect to the scheduling of a hearing on the parties’ submissions and the allowance or disallowance of the Surviving Claims."


I too believe that CIC happened at years end. The Golden Parachute claims, and other WMB employment contracts follow JPM's purchase of "WMB and it's assets" with "the Final Payment" from the FDIC to WMI.

The most a Employee claimant can receive from WMI-LT is one years salary governed by Section 502(b)(7), which includes any and all attorney fees.

The Employee claimants legal proceeding are to be broken-off from the BK cases and the remaining DCR will be distributed.



For those trying to due the math;
PIERS hold an 'interests' in the Trust, referred to as an LTI and is NOT Creditor Cash.

From 12499

"3. In accordance with the provisions of the Plan, as defined below, Creditor Cash in the amount of $66.5 Million and Liquidating Trust Interests in the amount of $500,000.00 are escrowed in the Disputed Claims Reserve on account of the Claims, each as defined in the Debtors’ chapter 11 plan."

Tranche 4 has an 'interests' in the Trust.

Tranche 5 is FDIC and JPM's responsibility. The FDIC/FRB ruled that WMILT would NOT be paying any Golden Parachutes. FDIC/FRB did not rule on regarding JPM paying the claims.

Tranche 6 are Beneficiaries of the Trust.

JPM was just Buying Time to;

* Generate their clean-up RICO Action payment. The "Texas Action" 3X. Doc 1997.
* Raise $1.4 Trillion to cover expenses.
* Close derivative claim written as insurance for ABS Trusts Notes.
* Close LIBOR litigation now that the Money manipulating executives jumped and can't testify against Jamie Dimon, suicide wink-wink. How did ever get the keys to the roof?


Tranche 5 is FDIC Responsibility.

Tranche 5 is the pay point for CIC.

The WMB Employee Claimants get their ETRIP, SERAP, and Golden Parachutes from JPM when CIC is completed.

When CIC is executed;
* The WMB Bonds are paid.
* "The Final Payment" is made to WMI for "WMB and it's assets".
* JPM takes over WMB Employee Claimants ETRIP and SERAP responsibility, and Golden Parachutes litigation.


Notice that KKK, Stewart Landefeld, Thomas Lehman never filed a claim against the Debtor as employees.


HLCE,
Ron

Tranche 5 is FDIC Responsibility.

Tranche 5 is the pay point for CIC.

The WMB Employee Claimants get their ETRIP, SERAP, and Golden Parachutes from JPM when CIC is completed.

When CIC is executed;
* The WMB Bonds are paid.
* "The Final Payment" is made to WMI for "WMB and it's assets".
* JPM takes over WMB Employee Claimants ETRIP and SERAP responsibility, and Golden Parachutes litigation.


Notice that KKK, Stewart Landefeld, Thomas Lehman never filed a claim against the Debtor as employees.

See Point 11 of 12563.

Just One more Hearing.

LP, See 12499 Footnotes.

Please Take Me and My Friends to Hawaii.

The ABS Bonds are Insured.

All/Most ABS Bonds are insured. The form of insurance comes from the Derivatives Market. In 2008 JPM had wrote 57% of the derivative paper.

When;
"lost more than USD 45 billion when the housing market collapsed, including losses of nearly USD 900 million on the RMBS"

The loss is covered by the insurance writer, like JPM.

Globic DB case showed losses of 11.9% on a portfolio of $165B. Mortgage put-backs were made by the servicer and all losses covered by the associated derivative contracts.

We have seen evidence of the Mortgage put-backs.

IMO; this last year has been resolving the derivative contracts obligation. That is why we have been seeing all the capital raises by derivative contract writers to cover their insurance obligations.

The Next Steps; From 12563:

"11. Upon review of the parties’ submissions, the Court will direct the parties regarding next steps, including with respect to the scheduling of a hearing on the parties’ submissions and the allowance or disallowance of the Surviving Claims."


I too believe that CIC happened at years end. The Golden Parachute claims, and other WMB employment contracts follow JPM's purchase of "WMB and it's assets" with "the Final Payment" from the FDIC.

The most a Employee claimant can receive from WMI-LT is one years salary governed by Section 502(b)(7), which includes any and all attorney fees.

The Employee claimants legal proceeding are to be broken-off from the BK cases and the remaining DCR will be distributed.



For those trying to due the math;
PIERS hold an 'interests' in the Trust, referred to as an LTIand NOT Creditor Cash.

From 12499

"3. In accordance with the provisions of the Plan, as defined below, Creditor Cash in the amount of $66.5 Million and Liquidating Trust Interests in the amount of $500,000.00 are escrowed in the Disputed Claims Reserve on account of the Claims, each as defined in the Debtors’ chapter 11 plan."

Tranche 4 has an 'interests' in the Trust.

Tranche 5 is FDIC and JPM's responsibility. The FDIC/FRB ruled that WMILT would NOT be paying any Golden Parachutes. FDIC/FRB did not rule on regarding JPM paying the claims.

Tranche 6 are Beneficiaries of the Trust.

We Couldn't Pay for an EVENT,

that hadn't happened yet.

CIC had to happen first, then we can pay their claims. That is why We didn't file the pay issue with the FDIC. Not an FDIC issue.

Golden Parachute payments are JPMs problem, not WMI's. That is why FDIC did not have WMILT pay golden parachute payments.


The EmC should have just waited for CIC after filing their claims and saved the money for attorney fees.

“Change In Control” actually occurred on 12/31/2018’.

We were expecting the EmC Supplemental Briefs on Dec 19th. Now we see the EmC Supplemental Briefs after CIC.

Now that CIC has happened, we can legally pay their claim because the CIC EVENT happened.

We can't pay their ETRIP Base Component Claims until the CIC EVENT happened.

Now we all can move forward.

Notice that the PPS is not dropping, but rose today. Current;$12.82


HLCE,
Ron

Distribute Disputed Claims Reserve Funds



Court Docket: #12575

Document Name: Joinder of Robert Bjorklund, Kimberly A. Cannon, Daryl D. David, Michael Reynoldson, and Chandan Sharma to Supplemental Brief of Certain Claimants Regarding WMILT's Motion to Dismiss All Remaining Employee Claims and to Distribute Disputed Claims Reserve Funds (Filed by Robert Bjorklund, Kimberly A. Cannon, Daryl D David, Michael A. Reynoldson, Chandan Sharma)

Date Filed: 1/4/2019
Related Documents [1]

12573


http://www.kccllc.net/wamu/document/0812229190104000000000003

Large-value Payment Systems

Payment, Clearing and Settlement Systems in the United States

3.2 Large-value payment systems

There are two major large-value funds transfer systems in the United States: (i) the Fedwire Funds Service, operated by the Federal Reserve, and (ii) CHIPS, operated by The Clearing House Payments Company LLC. These payment systems are used by depository institutions and their customers to make large-value, time-critical US dollar transfers. In addition to the Fedwire Funds Service, the Federal Reserve also operates the National Settlement Service, which allows for multilateral settlement by clearing houses, financial exchanges and other clearing and settlement groups.

3.2.1 Fedwire Funds Service

3.2.1.1 Institutional framework
The Fedwire Funds Service (Fedwire Funds), owned and operated by the Federal Reserve Banks, is a real-time gross settlement system that enables participants to send and receive final payments in central bank money for their own ccounts and on behalf of customers. Under the Federal Reserve Act, the Federal Reserve Board is responsible for general supervision and oversight of the Reserve Banks’ provision of Fedwire Funds.

3.2.1.2 Participation

An institution that maintains an account at a Federal Reserve Bank is allowed to be a Fedwire Funds articipant. Institutions with accounts at a Reserve Bank may access the Fedwire Funds Service subject to the conditions detailed in Operating Circular 6 and the PSR policy. These institutions include Federal Reserve member banks, non-member depository institutions and ertain other institutions, such as US branches and agencies of foreign banks. The US Treasury and other federal agencies also participate in the Fedwire Funds Service as fiscal principals. Some 8,300 participants are able to initiate or receive funds transfers over Fedwire Funds.

3.2.1.3 Types of transactions

Participants use the Fedwire Funds Service to send or receive time-critical payments for their own accounts or on behalf of corporate or individual clients, to settle positions with other financial institutions or clearing arrangements and to submit federal tax payments. The Fedwire Funds Service processed an average of approximately 497,000 payments per day in 2010. The total value of funds transfers originated during 2010 was approximately USD 608 trillion.

3.2.1.4 Operation of the system and settlement procedures

The Fedwire Funds Service is a real-time credit transfer service. Participants originate funds transfers by instructing a Federal Reserve Bank to debit funds from the originator’s account at the Reserve Bank and credit funds to the account of another participant. Fedwire Funds processes and settles payment orders individually throughout the operating day. Payment to the receiving participant over Fedwire Funds is final and irrevocable when the amount of the payment order is credited to the receiving participant’s account or when notice is sent to the receiving participant, whichever is earlier.

Participants can access Fedwire Funds through computer-to-computer and browser-based electronic access services. Participants conducting large volumes of funds transfers typically use the computer-to-computer service, FedLine Direct. Participants conducting small to moderate volumes of funds transfers typically use the browser-based service, FedLine Advantage. In addition, participants can access the Federal Funds Service by telephone using the Federal Reserve Banks’ offline access channel.

The Fedwire Funds operating hours for each business day begin at 21:00 eastern time (ET) on the preceding calendar day and end at 18:30 ET, Monday through Friday, excluding designated holidays. For example, processing on a non-holiday Monday begins at 21:00 ET on Sunday night and ends at 18:30 ET Monday night. The deadline for third-party transfers, those initiated or received by a participant on behalf of a customer, is 18:00 ET. Offline transfers generally cannot be initiated before 09:00 or after 18:00 ET (17:30 for third-party transfers). Under certain circumstances, online and offline operating hours may be extended.


https://www.bis.org/cpmi/publ/d105_us.pdf

Monday is a Full Day of Trading.

Tuesday, January 1, market is closed.

https://www.nyse.com/markets/hours-calendars