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Remember one very important distinction.
This is the final resolve of UWBKQ bk cases NOT the FDIC Receivership resolve.
So, what we are looking for may be administered by the FDIC and continue to wait but nonetheless, a very exciting forward development
…
HUGE NEWS - Thanks iPrelude and Eli. Does this mean distribution before 1/11/2023 in the final days of 2023 OR, OR, OR in the first few days of year 2024 or we zeroed out?
-------------------------
762 12/12/2023
Chapter 7 Trustee's Final Account, Certificate that the Estate has been Fully Administered and Application of Trustee to be Discharged Filed on Behalf of Trustee Simon Rodriguez. The United States Trustee has reviewed the Final Account, Certification that the Estate has been Fully Administered and Application of Trustee to be Discharged. The United States Trustee does not object to the relief requested. Reviewed by Aaron Carson. Filed by US Trustee Objection to Trustee Asset Report due by 01/11/2024. (US Trustee)
…
newflow. good find. Many of us have said WMI is still alive and WILL RESURFACE at some point! Thanks for sharing and remember the DST will probably be a main conduit for our eventual returns!
...
LEHMAN PAYOUT DEC 8, 2023 - Seized 2 Weeks B4 WaMu September 2008
https://finance.yahoo.com/news/deutsche-bank-scores-big-win-172218995.html
Thu, November 30, 2023 at 5:21 AM EST·
(Bloomberg) -- Deutsche Bank AG and other creditors holding obscure notes issued by Lehman Brothers before its collapse have been handed a big win by a London court, with a first payout set for next month after years of wrangling.
The Enhanced Capital Advantaged Preferred Securities (ECAPS), once regarded as worthless and sold for next-to-nothing, could pay out more than £390 million ($495 million), according to a ruling Wednesday from the UK’s High Court and Bloomberg’s calculations. That would be more than double what investors were awarded by a previous court decision.
This marks one of the final issues to be decided before Lehman and its debts can finally be laid to rest. So much money has been recovered by administrators at PricewaterhouseCoopers LLP from Lehman’s UK arm that questions over who should be paid first remain highly contentious. Creditors that held little hope of getting anything back are now in the money.
“This judgment relates to a further instalment of the Lehman saga,” Judge Robert Hildyard said. “It arises out of the unusual circumstance of the process of administration having resulted, not in deficiency, but in considerable recoveries in excess of the claims of unsubordinated creditors.”
The case effectively pitted Deutsche Bank and other ECAPS holders against Lehman’s US holding company, which has a competing claim to money recovered in the defunct lender’s London subsidiary. Both claims were subordinated to other debts, but senior lenders have already been paid in full and more money is waiting to be sent to creditors.
Deutsche Bank Poised for Big Win as Last Lehman Legal Fight Ends
Deutsche Bank and New York-based Whitefort Capital Management LP are the two members of a creditor committee of the general partner of the ECAPS notes, according to people familiar with the matter. Other investors in the notes have included Barclays Plc, Farallon Capital Management and CarVal Investors.
In a trial last year, the handful of distressed debt investors scored a win as the ECAPS claim was found to rank ahead of Lehman Brothers Holdings Inc. (LBHI), but there was an outstanding question around statutory interest on that claim. Statutory interest is a charge a creditor can levy if they have been paid late, and in the UK it is accrued at 8% each year.
Hildyard decided that statutory interest on ECAPS notes ranked ahead of the repayment of principal on the competing debt, leaving LBHI further down the pecking order when it came to receiving money. That decision has boosted the payout for ECAPS holders, potentially adding £221 million, according to an agreement established between the two parties prior to Wednesday’s judgment and Bloomberg calculations.
An initial payment will be sent to ECAPS holders on Dec. 8, according to a notice issued Wednesday.
LBHI is currently set to recover a far smaller payout on its subordinated debts, but could seek to challenge the decision at the UK Court of Appeal.
Whether there will be enough money to pay out on the entire claim will depend on how much more administrators at PwC are able to recover from the UK insolvency. In the judgment, Hildyard referred to estimates by administrators of between £233 million and £490 million for surplus left to be distributed to creditors.
Lehman’s European arm lost a case over a longstanding litigation relating to crisis-era credit default swaps last year, but a report from administrators at PwC in April said that it was likely that decision would be appealed. Success in that case could increase payouts for creditors like Deutsche Bank and LBHI.
…
KISS - WaMu Distribution Timeline Narrowed - WaMu + (Little Bitty) UWBKQ + Lehman + XOME Are Key Dots/Cases To Connect
(Keep It Simple Stup..)
A) Libor Resolve MAY Equal Distributions and/or 2.5% to COOP for a type of settlement
B) AND/OR UWBKQ/WaMu Receivership Resolve MAY Equal Distributions
[C) XOME-Discussed monetizing...Likely Tied up in a DST Owned beneficially by investors who signed timely releases by 3/2012...COULD MEAN SHARES to timely signed releasors by 3/2012
[D) The distribution timeline answers are tied to the aforementioned especially XOME in my view
...
HERE IS AN ACCURATE DOCUMENT CONCERNING THE WaMu P & A
PLEASE LOOK UP MEANING of Initial Payment
WaMu Purchase Assumption Agreement
WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT
Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first they need to understand what the term, "INITIAL PAYMENT" means
The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.
https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf
***PDF Page 20***
ARTICLE VII
BID; INITIAL PAYMENT
$1,888,000,000.00 for the The Assuming Ban has submitted to the Receiver a positive bid of
Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.
...
LEHMAN PAYOUT DEC 8, 2023 - Seized 2 Weeks B4 WaMu September 2008
https://finance.yahoo.com/news/deutsche-bank-scores-big-win-172218995.html
Thu, November 30, 2023 at 5:21 AM EST·
(Bloomberg) -- Deutsche Bank AG and other creditors holding obscure notes issued by Lehman Brothers before its collapse have been handed a big win by a London court, with a first payout set for next month after years of wrangling.
The Enhanced Capital Advantaged Preferred Securities (ECAPS), once regarded as worthless and sold for next-to-nothing, could pay out more than £390 million ($495 million), according to a ruling Wednesday from the UK’s High Court and Bloomberg’s calculations. That would be more than double what investors were awarded by a previous court decision.
This marks one of the final issues to be decided before Lehman and its debts can finally be laid to rest. So much money has been recovered by administrators at PricewaterhouseCoopers LLP from Lehman’s UK arm that questions over who should be paid first remain highly contentious. Creditors that held little hope of getting anything back are now in the money.
“This judgment relates to a further instalment of the Lehman saga,” Judge Robert Hildyard said. “It arises out of the unusual circumstance of the process of administration having resulted, not in deficiency, but in considerable recoveries in excess of the claims of unsubordinated creditors.”
The case effectively pitted Deutsche Bank and other ECAPS holders against Lehman’s US holding company, which has a competing claim to money recovered in the defunct lender’s London subsidiary. Both claims were subordinated to other debts, but senior lenders have already been paid in full and more money is waiting to be sent to creditors.
Deutsche Bank Poised for Big Win as Last Lehman Legal Fight Ends
Deutsche Bank and New York-based Whitefort Capital Management LP are the two members of a creditor committee of the general partner of the ECAPS notes, according to people familiar with the matter. Other investors in the notes have included Barclays Plc, Farallon Capital Management and CarVal Investors.
In a trial last year, the handful of distressed debt investors scored a win as the ECAPS claim was found to rank ahead of Lehman Brothers Holdings Inc. (LBHI), but there was an outstanding question around statutory interest on that claim. Statutory interest is a charge a creditor can levy if they have been paid late, and in the UK it is accrued at 8% each year.
Hildyard decided that statutory interest on ECAPS notes ranked ahead of the repayment of principal on the competing debt, leaving LBHI further down the pecking order when it came to receiving money. That decision has boosted the payout for ECAPS holders, potentially adding £221 million, according to an agreement established between the two parties prior to Wednesday’s judgment and Bloomberg calculations.
An initial payment will be sent to ECAPS holders on Dec. 8, according to a notice issued Wednesday.
LBHI is currently set to recover a far smaller payout on its subordinated debts, but could seek to challenge the decision at the UK Court of Appeal.
Whether there will be enough money to pay out on the entire claim will depend on how much more administrators at PwC are able to recover from the UK insolvency. In the judgment, Hildyard referred to estimates by administrators of between £233 million and £490 million for surplus left to be distributed to creditors.
Lehman’s European arm lost a case over a longstanding litigation relating to crisis-era credit default swaps last year, but a report from administrators at PwC in April said that it was likely that decision would be appealed. Success in that case could increase payouts for creditors like Deutsche Bank and LBHI.
…
KISS - WaMu Distribution Timeline Narrowed - WaMu + (Little Bitty) UWBKQ + Lehman + XOME Are Key Dots/Cases To Connect
(Keep It Simple Stup..)
A) Libor Resolve MAY Equal Distributions
B) AND/OR UWBKQ/WaMu Receivership Resolve MAY Equal Distributions
C) XOME-Discussed monetizing...Likely Tied up in a DST Owned beneficially by investors who signed timely releases by 3/2012
D) The distribution timeline answers are tied to the aforementioned especially XOME in my view
…
Gary, are you talking about this article detailing BILLIONAIRES AT THE GATE?
Article Written 6/2018-What Purpose-POTENTIAL LEAK? Tried To Time Distributions?
Have Not Seen Large Amounts of Money To Several Hundred Families YET
[/color] WaMu-15 plus Years in Making - Article Refers To WaMu? Read Article VERY CLOSELY
***ALL ROADS LEAD TO (DSTs) DELAWARE STATUTORY TRUSTS PLUS Other Potential Buckets***
Think how large JPM is and the others in the same league and then think that JPM has only 55 of these individuals/entities which shows how very, very wealthy these people/entities are and how very large JPM is worldwide.
___________________________________
Article from Bloomberg Magazine:
It’s Billionaires at the Gate as Ultra-Rich Muscle In on Private Equity
In an era of hyper-affluence, JPMorgan and Credit Suisse cater to a super-exclusive class.
By Simone Foxman and Sonali Basak
June 11, 2018, 5:00 AM EDT
https://www.bloomberg.com/news/articles/2018-06-11/it-s-billionaires-at-the-gate-as-ultra-rich-muscle-in-on-private-equity
I thought this paragraph was 'interesting':
"Still, with so much money and influence at stake, bankers are pitching hard. Goldman Sachs Group Inc. has its own list of 60, counting among its clients the Reimann family’s JAB Holding Co. and the Koch brothers’ investment firm. JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."
"JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."
NOTE: "is watching several hundred families that are poised to enter this rarefied realm."
____________________________________
Now, read this statement again and let this sink in!
"JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."
Now, let me ask a question, considering so how very much wealth JPM is speaking about to be in the rarefied realm, other than the US Government, wherein the United States could so much money come from to put "several hundred FAMILIES" in the rarefied realm which OBVIOUSLY has NOT HAPPENED YET?
Now think about a 350 billion dollar seized (5AT payback) organization that was being run under the cover of "legal darkness" for almost 14-plus years (9/25/2008) with monies being segregated in court-approved registry accounts without interruption AND with very little overhead AND very few employees.
We know from filings that at least three of these accounts are at Wells Fargo
There could easily be several hundred families and may be exactly what JPM is referring to BECAUSE, yes, and unfortunately, they would have the names/accounts of investors who signed timely releases.
xxx
KISS - WaMu Distribution Timeline Narrowed - WaMu + (Little Bitty) UWBKQ + Lehman + XOME Are Key Dots/CasesTo Connect
(Keep It Simple Stup..)
A) Libor Resolve MAY Equal Distributions
B) AND/OR UWBKQ/WaMu Receivership Resolve MAY Equal Distributions
C) XOME-Discussed monetizing...Likely Tied up in a DST Owned beneficially by investors who signed timely releases by 3/2012
D) The distribution timeline answers are tied to the aforementioned especially XOME in my view
...
The time frame always eludes us so I say distributions followed by Libor8 settlements and/or the final resolve of the WaMu Receivership.
…
ECAPS
LP, I do not own any type of Lehman's securities and rarely follow so know very little. The only reason I follow some is because in my view as Lehman goes so does WaMu. Lehmans was taken two weeks before WaMu in September of the year 2008. WaMu was completely blacked out worldwide while Lehman was somewhat transparent and they used the same law firm for the first several years. The article said there may be as much as three to four hundred million more to distribute by the Spring of the year 2024. Read the entire article as it will give you some more info and go to the (LEHNQ) Lehman IHUB board as there are some good posters there but as always be careful with what you try and learn because the Bashers are everywhere.
...
LEHMAN PAYOUT DEC 8, 2023 - Seized 2 Weeks B4 WaMu Year 2008
https://finance.yahoo.com/news/deutsche-bank-scores-big-win-172218995.html
Thu, November 30, 2023 at 5:21 AM EST·3 min read
(Bloomberg) -- Deutsche Bank AG and other creditors holding obscure notes issued by Lehman Brothers before its collapse have been handed a big win by a London court, with a first payout set for next month after years of wrangling.
The Enhanced Capital Advantaged Preferred Securities (ECAPS), once regarded as worthless and sold for next-to-nothing, could pay out more than £390 million ($495 million), according to a ruling Wednesday from the UK’s High Court and Bloomberg’s calculations. That would be more than double what investors were awarded by a previous court decision.
This marks one of the final issues to be decided before Lehman and its debts can finally be laid to rest. So much money has been recovered by administrators at PricewaterhouseCoopers LLP from Lehman’s UK arm that questions over who should be paid first remain highly contentious. Creditors that held little hope of getting anything back are now in the money.
“This judgment relates to a further instalment of the Lehman saga,” Judge Robert Hildyard said. “It arises out of the unusual circumstance of the process of administration having resulted, not in deficiency, but in considerable recoveries in excess of the claims of unsubordinated creditors.”
The case effectively pitted Deutsche Bank and other ECAPS holders against Lehman’s US holding company, which has a competing claim to money recovered in the defunct lender’s London subsidiary. Both claims were subordinated to other debts, but senior lenders have already been paid in full and more money is waiting to be sent to creditors.
Deutsche Bank Poised for Big Win as Last Lehman Legal Fight Ends
Deutsche Bank and New York-based Whitefort Capital Management LP are the two members of a creditor committee of the general partner of the ECAPS notes, according to people familiar with the matter. Other investors in the notes have included Barclays Plc, Farallon Capital Management and CarVal Investors.
In a trial last year, the handful of distressed debt investors scored a win as the ECAPS claim was found to rank ahead of Lehman Brothers Holdings Inc. (LBHI), but there was an outstanding question around statutory interest on that claim. Statutory interest is a charge a creditor can levy if they have been paid late, and in the UK it is accrued at 8% each year.
Hildyard decided that statutory interest on ECAPS notes ranked ahead of the repayment of principal on the competing debt, leaving LBHI further down the pecking order when it came to receiving money. That decision has boosted the payout for ECAPS holders, potentially adding £221 million, according to an agreement established between the two parties prior to Wednesday’s judgment and Bloomberg calculations.
An initial payment will be sent to ECAPS holders on Dec. 8, according to a notice issued Wednesday.
LBHI is currently set to recover a far smaller payout on its subordinated debts, but could seek to challenge the decision at the UK Court of Appeal.
Whether there will be enough money to pay out on the entire claim will depend on how much more administrators at PwC are able to recover from the UK insolvency. In the judgment, Hildyard referred to estimates by administrators of between £233 million and £490 million for surplus left to be distributed to creditors.
Lehman’s European arm lost a case over a longstanding litigation relating to crisis-era credit default swaps last year, but a report from administrators at PwC in April said that it was likely that decision would be appealed. Success in that case could increase payouts for creditors like Deutsche Bank and LBHI.
…
LEHMAN PAYOUT DEC 8, 2023 - Seized 2 Weeks B4 WaMu Year 2008
https://finance.yahoo.com/news/deutsche-bank-scores-big-win-172218995.html
Thu, November 30, 2023 at 5:21 AM EST·3 min read
(Bloomberg) -- Deutsche Bank AG and other creditors holding obscure notes issued by Lehman Brothers before its collapse have been handed a big win by a London court, with a first payout set for next month after years of wrangling.
The Enhanced Capital Advantaged Preferred Securities (ECAPS), once regarded as worthless and sold for next-to-nothing, could pay out more than £390 million ($495 million), according to a ruling Wednesday from the UK’s High Court and Bloomberg’s calculations. That would be more than double what investors were awarded by a previous court decision.
This marks one of the final issues to be decided before Lehman and its debts can finally be laid to rest. So much money has been recovered by administrators at PricewaterhouseCoopers LLP from Lehman’s UK arm that questions over who should be paid first remain highly contentious. Creditors that held little hope of getting anything back are now in the money.
“This judgment relates to a further instalment of the Lehman saga,” Judge Robert Hildyard said. “It arises out of the unusual circumstance of the process of administration having resulted, not in deficiency, but in considerable recoveries in excess of the claims of unsubordinated creditors.”
The case effectively pitted Deutsche Bank and other ECAPS holders against Lehman’s US holding company, which has a competing claim to money recovered in the defunct lender’s London subsidiary. Both claims were subordinated to other debts, but senior lenders have already been paid in full and more money is waiting to be sent to creditors.
Deutsche Bank Poised for Big Win as Last Lehman Legal Fight Ends
Deutsche Bank and New York-based Whitefort Capital Management LP are the two members of a creditor committee of the general partner of the ECAPS notes, according to people familiar with the matter. Other investors in the notes have included Barclays Plc, Farallon Capital Management and CarVal Investors.
In a trial last year, the handful of distressed debt investors scored a win as the ECAPS claim was found to rank ahead of Lehman Brothers Holdings Inc. (LBHI), but there was an outstanding question around statutory interest on that claim. Statutory interest is a charge a creditor can levy if they have been paid late, and in the UK it is accrued at 8% each year.
Hildyard decided that statutory interest on ECAPS notes ranked ahead of the repayment of principal on the competing debt, leaving LBHI further down the pecking order when it came to receiving money. That decision has boosted the payout for ECAPS holders, potentially adding £221 million, according to an agreement established between the two parties prior to Wednesday’s judgment and Bloomberg calculations.
An initial payment will be sent to ECAPS holders on Dec. 8, according to a notice issued Wednesday.
LBHI is currently set to recover a far smaller payout on its subordinated debts, but could seek to challenge the decision at the UK Court of Appeal.
Whether there will be enough money to pay out on the entire claim will depend on how much more administrators at PwC are able to recover from the UK insolvency. In the judgment, Hildyard referred to estimates by administrators of between £233 million and £490 million for surplus left to be distributed to creditors.
Lehman’s European arm lost a case over a longstanding litigation relating to crisis-era credit default swaps last year, but a report from administrators at PwC in April said that it was likely that decision would be appealed. Success in that case could increase payouts for creditors like Deutsche Bank and LBHI.
…
I never said it was a fact. I said this was in my view or thoughts. Go ahead and posit how a .50 cent shell company could arrange an entity or other to loan WMIH 600M that had no income stream or assets then go on to purchase a couple billion dollar outfit called NSM. No doubt, in my view this is the OLD WMI (assets) backing these loans because who else would or could do this without assets or an income stream?
Go ahead and give me your best shot at why XOME is NOT monetized or valued into COOP's asset and ultimately COOP's stock price. There must be a reason why a CEO's plan has not come to fruition to value XOME after all these years. This reaks of XOME being controlled, owned or other by another entity or other.
...
Ron, for years now COOP CEO, Jay Bray has kept saying he will monetize XOME which never happens since COOP supposedly owns XOME. XOME is supposedly very valuable to the tune of between 800M and 2B. The minimum value of XOME is not included in COOP's valuation as the minimum of 800M with COOP's 67M outstanding shares or so would be valued immensely more, especially if you were to add any kind of multiple of the 800M plus value.
So, the question is, do you believe that Wall Street would continually miss this kind of value on COOP shares? The answer in my view is a HUGE NO!
I believe that COOP does NOT have total say-so over the sale, monetization of XOME or else XOME would be correctly valued into COOP's equity price and in my view is not even reasonably close to what it would be if XOME value were correctly valued into COOP.
Who backed COOP when it raised 600M with no income stream, supposedly NO assets? Why would anyone back WMIH's purchase of NSM with no income stream, no assets only 600M of somehow borrowed money that must be paid back.
Since all of this happened, there must be more to XOME than meets the eye, I believe the ownership of XOME is potentially tied up in a DST possibly owned by those investors who signed timely releases or there is another enitity, party or source that has ultimate decision making over XOME and I believe that to possibly be WMI or another entity that does not and will NOT allow COOP to sell or monetize XOME at this time.
...
KISS - WaMu Distribution Timeline Narrowed - WaMu + (Little Bitty) UWBKQ + Lehman + XOME Are Key Dots/CasesTo Connect
(Keep It Simple Stup..)
A) Libor Resolve MAY Equal Distributions
B) AND/OR UWBKQ/WaMu Receivership Resolve MAY Equal Distributions
C) XOME-Discussed monetizing...Likely Tied up in a DST Owned beneficially by investors who signed timely releases by 3/2012
D) The distribution timeline answers are tied to the aforementioned especially XOME in my view
…
CWG, you said the following.
Lawyer CYA statement required in every such document
——————————————-
I challenge you to show us where the term, “Beneficial Interests” are used regularly as a CYA.
I do not believe you can show us that term is used loosely in CYA coverage. I believe this term is selectively used for only those investors who signed timely releases therefore you will not find this term used as commonly as you portray.
The term Beneficial Interests is a very important term with huge meanings and revelations in my view!
..,
Ron, there is only one thing that bothers me. Does possession is nine-tenths of the law become law?
…
BINGO BOB...EXACTO MUNDO...CERTAIN EXECUTIVE HIERARCHY WILL NEVER BE DEPOSED OR TAKE THE STAND PERIOD so deposing or putting them on the stand is the timeline for settlement...
...
KISS - WaMu Distribution Timeline Narrowed - WaMu + (Little Bitty) UWBKQ + Lehman + XOME Are Key Dots/CasesTo Connect
(Keep It Simple Stup..)
A) Libor Resolve MAY Equal Distributions
B) AND/OR UWBKQ/WaMu Receivership Resolve MAY Equal Distributions
C) XOME-Discussed monetizing...Likely Tied up in a DST Owned beneficially by investors who signed timely releases by 3/2012
D) The distribution timeline answers are tied to the aforementioned especially XOME in my view
...
Newflow, thanks showing these dots connecting to a much larger picture for those who care to do any meaningful research.
***TWO WORDS***TWO WORDS***FOLLOW
**************BENEFICIAL INTERESTS ****************
There is absolutely NO REASON to use these two words UNLESS those words apply to case at hand or being discussed in the filing.
These words would no doubt apply to those investors who signed time releases by 3/2012.
…
EXACTLY but some of these BIG MONEY PLAYERS like the FDIC have no "checks and balances" and can produce litigation morass without recourse which is very unfortunate as proven by the FDIC's many, many 15 to 25-year cases. This is the REAL tragedy!
...
Well, if nothing else, this should be interesting to watch but money, power, and a keyword akin to LIABILITY will be reached and settled BUT there will and cannot be any jury trial as this could be almost unlimited exposure for UBS. Of course, FDIC can always use the nuclear option at some point by the threat of canceling their USA banking license
..
Litigation morass which means most will not live long enough to see distribution.
However, we all know certain people will never be deposed and this will never see a jury trial.
…
NOVEMBER UWBKQ Filing:
UNITED STATES BANKRUPTCY COURT
DISTRICT OF COLORADO
IN RE:
UNITED WESTERN BANCORP, INC. CASE NO. 12-13815-TBM
Debtor(s) /
TRUSTEE'S REPORT OF UNCLAIMED FUNDS
COMES NOW, Simon E. Rodriguez, as Trustee of the above-captioned matter, and respectfully
states that, pursuant to the orders of distribution, he has disbursed the entire amount in the Trustee's account,
and all checks have cleared with the exception of the following:
Claim # Check # Claimant Amount
36-1 1029 700 17th Street Operating, LLC
c/o The Law Offices of Theodore W. Brin
1601 Blake Street, Suite 305
Denver, CO 80202
$203.46
More than ninety (90) days have elapsed since the declaration and distribution of the final dividend, and
pursuant to 11 U.S.C. § 347 and Fed. R. Bankr. P. 3011, the Trustee shall provide a check made payable to
the U.S. Bankruptcy Court in the amount of $203.46 to the clerk of the court for deposit in the "unclaimed
funds account," and states that the claimants entitled thereto are as listed above.
Dated: November 20, 2023
/s/ Simon E. Rodriguez
Simon E. Rodriguez, trustee
Surely, the UWBKQ BK case will be closing with the case officially terminated/resolved within the next month or two. Then maybe we see distributions to the official CUSSIP investors by the end of March 2024.
I will posit we receive between $13.50 and $16.25 per each piece of roadkill an investor holds.
...
Yes, Fred, we love when money just arrives. This is called MAGIC MONEY as it just magically appears.
When will YOU be able to confirm?
…
Wow, if even remotely true this is exciting.
However, if they have four months to pay them I would expect the monies to arrive on the very last day they can push this out to so end of March or by April 15, 2024.
So, yes, totally exciting but will have to see a confirmed filing to believe at this point.
…
…
Hey Fred. Maybe that tax free part of $5.00 is payable by yearend 2023 in the fine print or is this to much ROSE-COLORED glasses?
….
But many people want to obfuscate what the document really says and yes, the document is factually very straightforward.
,,,
HERE IS AN ACCURATE DOCUMENT CONCERNING THE WaMu P & A
PLEASE LOOK UP MEANING of Initial Payment
WaMu Purchase Assumption Agreement
WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT
Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first they need to understand what the term, "INITIAL PAYMENT" means
The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.
https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf
***PDF Page 20***
ARTICLE VII
BID; INITIAL PAYMENT
$1,888,000,000.00 for the The Assuming Ban has submitted to the Receiver a positive bid of
Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.
...
JWW, it is obvious COOP does NOT own Xome, otherwise, XOME's value would have a much higher price for COOP. The reason there has not been any deal for Xome is that the investors/TRUSTEE who actually control/own Xome do NOT want Xome SOLD AT THIS POINT IN TIME!
I have no doubt those investors who own Xome are those very investors who signed timely releases by 3/2012 and the ownership of Xome is tied up in a (DST) Delaware Statutory Trust and when there is some sort of definitive action for Xome, then this will be OUR (investors who signed timely releases by 3/2012) notice that we will be in for some sort of distribution (s)
______________________________________________
If you think COOP owns Xome with no strings attached, then explain how Xome can be worth anywhere from 700M to 1.5B and Wall Street keeps missing this with COOP tremendously and consistently undervalued.
I am sorry but Wall Street does not miss this much of an undervalued stock for years on end.
Doesn’t it gain your curiosity as to why Bray keeps saying for years on end we will monetize Xome but nothing has happened other than lip service?
...
LP, delay, delay and more yes, most of us get it but just realize if there was not tons of money these cases would have been deep-sixed years again especially WaMu!
Further, no matter if there are active claims or not, once monies are dispersed there will always be lawyers suing for whatever just like I can you you because your bright pink hair blinds me and gives me sleepless nights amidst the mental anguish this hair has caused.
…
…
LP, you said the following.
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LG, the only way R will close is if there is a time limit. IMO, they will just keep opening up new lawsuits to delay closing the receivership as long as the law permits...and so far I haven't found any mandate that requires them to close the receivership within some time limit.
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The WaMu case we want to know about is the case that contains over 800 sealed/redacted court documents but we will never see those for our answers. SG was all about incorporating great settlements that involved many different ways for the money to move to the other side.
However, I will say this, if there was no timeframe incorporating a transfer of monies to prevent endless delays, then at this point the settlement is tantamount to selling us out and I do NOT believe SG would have done that type of settlement selling out their clients by allowing endless delays.
One day, I FIRMLY believe we WILL SEE MAGIC MONEY!
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Well, it is common sense what initial payment means so no need to take it further or get bogged down with semantics like interest and other details. Look at it this way before trying to move on.
1) Initial payment was made and ignore the total and interest for now
2) Remainder is due to those investors who signed timely releases by 3/2012
3) Over 800 sealed, court-redacted docs which would tell us what we want to know but will not happen period...MAGIC MONEY WILL JUST APPEAR
4 ) Numbers one and two SHOULD tell a reasonable investor that there is MORE TO COME or there is fraud but some non-releasors cannot handle the truth
One more very important fact. There was a subject matter expert poster by the screen name of CBA09 who posted regularly for a while. He was very familiar with the Safe Harbor process as he was a Certified Bank Auditor who was involved with situations like WaMu. He made a couple of solid statements before he mysteriously disappeared and yes, he answered ALL POSTERS QUESTIONS but the non-believers could not match his experience.
CBA09 said in the year 2017 we will see distributions however we MAY NOT see them until the (R) Receivership has been resolved. We were never privy to the court-redacted details regarding the ultimate settlement (s).
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HERE IS AN ACCURATE DOCUMENT CONCERNING THE WaMu P & A
PLEASE LOOK UP MEANING of Initial Payment
WaMu Purchase Assumption Agreement
WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT
Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first they need to understand what the term, "INITIAL PAYMENT" means
The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.
https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf
***PDF Page 20***
ARTICLE VII
BID; INITIAL PAYMENT
$1,888,000,000.00 for The Assuming Ban has submitted to the Receiver a positive bid of
Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.
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newflow, your questions are very good. So the total evasiveness that WMILT told us about when they filed their cancelation certificate for WMILT on 12/31/2021 tells us they are hiding something very, very large. Otherwise, there would not be continued activity and especially NO REASON whatsoever to say in a filing there will be NO FURTHER UPDATES if in fact they were NOT still working on something. Actions can be very, very telling!
Further, since we know they continued working on actions BY THEIR actions, then this tells us they are not doing this for free and there MUST be some form of assets, cash, certificates, and/or they are dealing with to some type of end...
********AGAIN, ACTIONS CAN BE VERY, VERY TELLING!*********
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