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In support of the trusts and the issues that are being resolved which many have others still in contention.
Yes sir And you know what the did to the Denke and he ain't talking to know one. There is a current board member here whom was the last one to speak to him. He knows the story as it was told to me and that poor S.O.B is gagged to death. I reached out about 6 months ago as I had not spoke to him in since 09 and he would not even accept a letter from me ...marked return to sender Plano TX. Another guy WAMQ'ed I believe they tied his azz up in IRS court as I remember.
Gagged regards,
B
THEN HE GOT GAGGED AND BOOTED! LMAO
Yes that is Correct we failed and it all went down the John J. Crapper as an old poster in the early days used to say "Golden 24" Airman's corner Stonehenge
Regards,
B
100 % correct No retro No Way No How! Hell Frank Dodd was largely created to ensure no F/up would happen again with respect to WMB WMFSB WMB fa and WMI as the hold co. They only realized how big of F/up they created till after they did the deed and all the FDIC-R's legal egales said ahhh Crap how in the puck are we gonna clean this up...
1. Schriver error. No 3.1a
1a. Media Narrative Blasted like no other!
2. Senate Sub committee of ruse investigations.
3. Congressional white wash hearings.
4. Wamu the Shoddy mortgage mill.
4. Suppression of the Web.
5. Boots on necks of anyone whom told the truth to loud.
6. Gag order on records ..still in place.
7. redaction of key court documents!
8 FOIA denial request.
9 Deep web scrub on an ongoing basis using algorithm bots!
10. Gag order on key players and yes even more.
All to save the U.S. Banking system
Hotmeat, I think they only answer what they want and throw the mushroom door closed when they see fit......asked the same and got squat?
Since they read this board now they may answer if all the mushrooms start screaming.... They definitely have not worn out the reply button. I will try again soon and let you know.
Regards,
B
nhtrader,
Its all blacked out I had a pretty advance doc recovery guy look at it years ago and again last week by another cat .....you ain't find it or recover it because they even wiped the far ends of the web dark and light ....its gone.... They cite work product when you try to f.O.I.A it Locked, sealed , and wiped!!!
Wiped regards,
B
Hotmeat BBBANBOBs point is 36% for NSM 64% KKR well what about the 200 Million Current HOLDERS?????? WE ALL Count too!!!!!! So how you figure the math HOTMEAT ?????
You sure the #'s are right what about the 200 Million of US we don't count?
Jerrylev
You assume a lot when you say we do not have this and that becuase I know for fact we have many of what you say we do not have. My B.s. Meter is starting to scream !
B.S.
Thanks Hmeat. Appreciate the clarification so its a nothing burger
Appreciate the heads up.
Regards,
B
NEW Flow ..First good find Second that tells me one of three things The date is a problem !
1. Kotrous buddy is a major share holder in the DTC Co.
2. Our C.F.O is negligent, just plain silly , or is on the take as well none which is probable.
3. There will be an abundance so it won't really matter and the charges will be credited.
Good find do you have a link that states this was the deal for Escrowed wmi/h escrows? It does bring up the question there is a cost involved even though it would not be this 2007 doc
Newflow Vs. Oldflow Regards,
B
BBAN
As a buisness owner the more I have thought about the yruths of running a biz the more it makes since...If have to pay it would be much wiser to issue paper instead of cash....Look at all the bsn models that do not even turn a real profit and stock is issused . AND AS YOU WELL KNOW if you got in at the base line or pre how much did it really cost the founders and original capital investors ...? Making more sense all thaea timq
...so I guessing I will need to get my Tabasco out....
disclaimer on my phone with large hands...typos
CROW Regards
B
Lodas,
Thanks I am ready to put it aside...... lets get on with the Steak instead of which waiter. Soon we shall see..... like in the next year and a half what the final product looks like.....Hopefully sooner.... but who knows how long it will take to fully show the value of "the Returned Estate" I am just being realistic.
As the say when Selling "sell the sizzling smell and sounds not the Steak ....However here Please just show me a freezer full of 36 oz Ribeyes!!!
Lodas
Regards,
B
SPLIT t Right on it all starts with a buy sell or transfer and all must go thru a house period some just do not get that Fact .....yeah the wmlt kept trac of all buys sells and transfers ...LMAao...thank you for putting it so straight forward....they can believe otherw8se and thats fine the master record ws originated from the different house buys sells and transfers period
Thank you Split
SPLIT t Right on it all starts with a buy sell or transfer and all must go thru a house period some just do not get that Fact .....yeah the wmlt kept trac of all buys sells and transfers ...LMAao...thank you for putting it so straight forward....they can believe otherw8se and thats fine the master record ws originated from the different house buys sells and transfers period
Thank you Split
SPLIT T
you are correct Wmilt never was where the trades were made some seem to forget that...thank you gor your clarifying that point.....well said....
SPLT T WRLL SAID REGARDS,
B
Jerry think about what you just said you just made my point.
Thank you
Jerry
Where and whom did you sign your releases! Where were they sent to! Who facilitated those releases? What happened After you signed releases?
Simply answer!!!! They where in your brokerage first as that's where you bought them and that's where WMI got whom owned What!!! Best read up on brokerages a bit Jer .....simply answer! Do you think there is some magical keeping tract of all this chit ...You buy through a brokerage you sell through a brokerage or do so in the same through retirement investment administrator WMIH does not keep my name and address onh file for future or current actions ....
updated Hot meat .IF ALL ESCROW MARKERS ARE GONE THAN HOW THE HECK IS THE
LTI???
FDIC ????
DISPUTED EQUITY???? ?????
Or for that that matter anyone other entinity gonna know who gets what
LET ALONE IF YOU BELIEVE IN 75/25 than if you have no markers how to you distribute anything on that basis if you do not know whom or what has preferred and common. Furthermore because we signed releases and those are to be keep on file with our brokerage I have no record of anything in my address and account #'s other than My brokerage account. So the DTC does not send me a statement or keep account the only record that I have is from my brokerage account of what, when, and where, I had Chit! Not The dtc lti feds OR ANY OTHER PIECE OF TOILET PAPER HAS RECORD OF THIS WHOLE EVENT FOR MY HOLDINGS EXCEPT MY BROERAGE!
OH just so you are aware you are stating CSC that is know incorrect as
they are NOW ...... The History of Delaware Trust Company | A CSC Trust Company
https://www.delawaretrust.com/.../delaware-trust-company-history
Correct and that is how you will be forever identified all things WAMU WMI WMIH and the newly to be merged Co......with out that designation you do not exist.
Correct....My point being whom is WMIh of course the Reorg Debtor... so my point to Jerry is there must be a digital and or released maker and that is evident via Escrow markers. How the heck would you keep track of the previous shares and IF IF there is value to be given then you sure is heck are not going to shoot money out into thin air if there is no marker tied to and owner.
JerryLev
You are Incorrect and I am will not take the time to explain to you why you have escrow markers in your account and how the DTC works. I most definitely disagree respectfully of course on this matter....
All the best
B
Jerrylev
Well that is why I encourage you to call Jerrylev. Now I beg to differ as he is in the Reorg dept and that is his primary foucus not getting a burger at McD's . So if he is in the Reorg dept than that means he may know a bit more than the kids at Mc D's. Secondly Reorg Depts deal with the DTC and DtCC weekly as I am sure the kids at Micky D's do not. So WITH ALL DO RESPECT I suggest you call ...
Jerrylev Regards.
B
Your Welcome Mad I will Update when I am get some more info today.
I would suggest anyone whom has the time feel free to call them or your respective reorganization dept at your brokerage house.
Mad Regards,
B
Just checking in with TD Aameritrade reorganization dept. After speaking with a rep in that dept I am going to call back to get another statement. According to Alanzo he stated that yes they (his department is still waiting for direction from THE DTC. He said it is very odd that the escrow markers would have been in our accounts this long if the DTC was not going to release value you to them. He stated if no value was was forthcoming he believes they would have been deemed worthless and would have received a directive from the DTC.
As he said it could be one of three ways. Dividends, Cash , or Stock for marker swap. He had been recently aware of WMIH is buying NSM. I asked whom is the owners of WMIH he stated WMI preferred and Common according to his internal notes. Now to be honest I do not know what you can or cannot take as gospel ,however he did at least seem like he knew what he was talking about. So in a bit I will call back and try to get to a senior head in that dept. Will see. He left it as they(Ameritrade) are waiting for notification and instructions from the DTC.
DTC Regards.
Barry
Jerry
They are two different animals. One is the WMB which is the FDIC-R and the other is WMI now WMIH. The FDIC did not put WMI into the receivership Just WMB and WMFsB. So my point is this increase is not related to the Bankruptcy nor did it come from the bankruptcy. So if it is too flow back to us i would say i can only put out a theory but am unsure however i do not see how it could come thru WMLT.
Regards,
B
National Liquidation Fund (NLF) Investment Portfolio Summary
($ values in Millions)
09/30/17
12/31/16
Change
Book Value 5 $5,890 $8,746 ($2,856)
Effective Annual Yield 0.95% 0.58% 0.37%
Weighted Average Maturity (in days) 34 78 (44)
5 Due to the short-term nature of NLF portfolio, it's Book and Market Values are identical for reporting purpose
So above is the change in the NLF that the Fdic states is where WAMU's receivership balances increase came from. However it states that it was a prorated share of the total MY POINT BEING the yield is crap so that either has to be a chuck of cash or I am missing something.
Link
Regards,
B
What the heck is this codex MONICALAW?
BBAN
So the question is is this now on going per qtr or has it been scince day one. 19m x4 qtr per year 76million x 9years = 684 million ? Probably not but will see?
BBAN regards,
B
Goodie
I working on it? Lots of questions? I just was going thru some emails and my buddy contacted me on the 15th and I did not even see the update till today because i missed the heads up.
Regards,
B
FDIC updated 3/22/18
As of December 31, 2017, the receivership’s total assets increased from the prior quarter ending September 30, 2017 by approximately $19 million. This amount includes an upward adjustment of $15.5 million attributable to investment interest earned by the receiver on its cash held in the National Liquidation Fund (NLF). This adjustment was made to reflect WAMU’s reallocated pro rata share of the total investment earnings of the NLF as calculated on a daily basis from the receivership’s inception.
FDIC UPDATED
Sunday Regards
B
Az
I have read the merger agreement with regard to the NOL's It sounds like to me its not out but more or less up in the air.....So the CIC according to what I have read has not happened. Since CIC has not occurred....
lmao... Its is clear as it gets ..I think. ;)
Intuitive Regards,
B
POTENTIAL RECOVERY FOR EQUITY HOLDERS GRANTING RELEASES:
If the Seventh Amended Plan is approved by the Bankruptcy Court, WMI’s equity holders who have granted timely releases will obtain potential recovery through two sources:
ownership of the Reorganized Debtor and interests in the Liquidating Trust (following satisfaction of claims senior in priority to equity interests).
From the perspective of equity holders, the Seventh Amended Plan provides significant improvements over prior plans with
regard to both of these interests.
Reorganized Debtor:
Under the Seventh Amended Plan, WMI’s preferred and common
shareholders will own 95% of reorganized WMI.
The stock to be issued in connection with the Seventh Amended Plan will be subject to significant restrictions on transfer. The holders’ ability to transfer ownership will be limited, as described fully in the proposed Articles of Incorporation
(filed with the Plan Supplement documents.)
Further, the stock will not initially be listed on a nationally recognized stock exchange and may not ever be so listed. Listing would require both that Reorganized WMI meet listing and eligibility requirements and that Reorganized WMI’s Board of Directors be satisfied such
listing would be in the best interests of the company.
Reorganized WMI may be able to have its stock quoted on the OTCBB and/or the OTC Pink, subject to meeting eligibility requirements and to the Board’s determination that such action is in the best interest of the company. The proposed ownership structure is intended to provide the Reorganized Debtor with the
full benefit of the tax Net Operating Loss (“NOL”)generated by the loss of WMB’s assets.
In addition to the NOL, the Reorganized Debtor will be funded with $75 million in cash and will have access to a $125 million credit facility for use as working capital
to either acquire or build a financial or insurance business, taxable income from which may be able to be offset by the NOL.
As in the prior plans, Reorganized WMI will emerge from bankruptcy with two major assets, a runoff portfolio of mortgage insurance policies and an NOL that is likely to be over $6Billion
to current WMI equity holders who elect to grant releases under the Seventh Amended Plan.
Five percent (5%) of the common stock will be distributed to current WMI creditors who make an election to contribute a portion of the runoff proceeds to Reorganized WMI (this election is
the basis for the $10 million in runoff proceeds re
tained by Reorganized WMI, as discussed in
the previous paragraph.)
The Equity Committee proposes that 70% of the remaining Reorganized WMI common stock (70% of the 95%) be distributed to current WMI preferred equity holders and 30% of the remaining Reorganized WMI common stock (30% of the 95%) be
distributed to current WMI common shareholders, but the Bankruptcy Court will have discretion to allocate the distribution among current preferred and current common as it sees fit.
Aaron,
Jerrylev,
Correct A crooks play that has been released! May I ask respectfully do you think that there is not a wholelata more kink in full Resolution of this matter? It is my assertion we only get to see and are trying to be led to believe as we are told.
Have we released the FDIC-R? Why is it that we have not? Can we readily access or F.O.I.A the sealed gag ordered court docs? Why is a gag order in place?
Nothing is static and nothing is concrete only that which you are led to believe is concrete.... The crimes are still being committed as long as the truth is withheld regardless of a of a POR7 which is only a small facet of the overall scope and size of this ongoing saga.
So on the one hand I tend to agree that yes POR7 is without a doubt the Plan, but as to what is within or without of the plan it is not as easily defined as simple language of an agreement.
A series of words or a misinterpretation, or a dual meaning can and so often does change a single page contract into something completely different ...how many pages is POR7?
Just my opinion Jerry so I will respectfully disagree that all things are Not written in stone and will Not transpire %100 as they appear to be interpreted by the reading of P.O.R. 7
Respectful disagreement of interpretation regards,
B
P.s. Breaks over back to work for this cowboy.
Jerrylev,
Why not ?....our elected Men and Women that wear black robes and are appointed for life are acting as if they are Gods! Our bodies of representatives line their pockets making corrupt deals that sell their citizens and country out daily . They have been shredding our Constitution for the last 100 years with ever greater speed erosive, contempt and power. We are living in a post Constitution America already. The Rule of law is no longer applied equally whatsoever!
So I would disagree ...It now comes down to whom ,how powerful, and if they get caught the powerful will not hang their own....just the little guys and believe you me the kings love to make their punishment harsh. So if you can get away with a wrong that will get the "nod" then you can do anything you please. Until White collar crime and political corruption becomes punishable by the death anything goes post 1950's. Problem is today the political class protects its own and it's agencies. Unless you reside inside the rules only apply to those on the outside enforced by those on the inside.
Sir William Wallace Regards,
B
Hotmeat,
Your d.d. contributions, research and straight forward pragmatic factual, court doc driven statements and interpretation is OUTSTANDING to say the least. I think what Arron and I are both saying is the way ALL approach the disagreements at hand. Obviously most feel strongly about their conclusions of law and interpretation of their readings and findings , and yes someone is correct and someone is incorrect maybe on some or all of their interpretations ,however its the way we draw Blood on each other much like the escalation of any disagreement. What started off as a conviction of position of interpreted facts one then escalates by a notch then the other and then we all loose out.
So I guess it comes down to candor,tone and making a non personal subject personal. Anyway I appreciate many of the different views and yes I really appreciate yours and some of the heavy's whom have done truly a Yeoman's job of working this complex and veiled process.
Respectful Regards,
B