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Some poster get paid by the post. billio s always coming tomorrow never today
Let me set it straight bro. I did released and and sell and buy back again after I did all of that and more and now iam setting with over 420000 Us and some Ps released if I get paid I will be back to my life style that always so just saying
Leading people to reality even its painfull it is always better than misleading to nowhere
no its not
We all in this together and we talk about people life ..I didn't thoughts of this as t@@t
Agreed keep providing people with false Hope's one after another. HOW IS THAT A GOOD THING?
So in general your views on the futur of old p k& common still the same..0.000 ?
After all looks like you got it RIGHT now that many people switch Them position from %100sure. To concerns and soon to nothing coming. .see ya
Fighting over the 75/25 issue over and over again before anything happens will only jinx it and bring bad luck. .just let it be what ever is going to be God-bless you all
Can alice Express our concerns( (delay why when and what If anything ever for escrow)). She is already involved in the case instead of looking for.Expensive lawyer to start from scratch .first thing we need now is solid answers and then based on those answer We can discuss what would be the next Possible move if any .
Because Mr. Coop has witnessed declining sentiment from hedge fund managers, it's safe to say that there was a specific group of hedge funds that slashed their positions entirely in the third quarter. David Tepper's Appaloosa Management LP dumped the biggest position of all the hedgies about $6.9 million in stock. Daniel Beltzman and Gergory Smith's fund, Birch Run Capital, also dumped its stock, about $3.5 million worth.
5 to 10 minimum
Status of Washington Mutual Bank Receivership
WHEN YOU DONE READING YOU WILL KNOW WE ARE DONE
On September 25, 2008, the Federal Deposit Insurance Corporation was appointed the Receiver (“Receiver”) of Washington Mutual Bank ("WAMU"). The Receiver transferred substantially all WAMU's assets and liabilities to JPMorgan Chase Bank, N.A. ("JPMC") pursuant to a Purchase and Assumption Agreement dated September 25, 2008 - PDF ("P&A Agreement"). Since WAMU failed, the Receiver has been a party to a number of major litigation matters.
Bankruptcy Litigation
On the day after WAMU failed, its holding company, Washington Mutual Inc. ("WMI"), filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware (assigned to Judge Mary F. Walrath). Thereafter, WMI, JPMC, the FDIC in its Corporate capacity (“FDIC-C”), and the Receiver became involved in several lawsuits contesting the ownership of over $20 billion in assets.
The parties reached a settlement in the WMI bankruptcy proceeding that was approved by the FDIC's Board of Directors on May 20, 2010, and WMI filed a plan of reorganization incorporating the terms of the settlement ("WMI Bankruptcy Settlement"). Several parties objected to WMI's proposed plan, and in particular, WMI's proposal to release its claims against JPMC, FDIC-C, and the Receiver. At the request of WMI's equity holders, the Bankruptcy Court appointed an Examiner to thoroughly investigate WMI's claims against JPMC, FDIC-C, and the Receiver, and to determine whether the proposed settlement (which would release these claims) was fair and equitable to WMI. The Examiner found that the WMI Bankruptcy Settlement was a fair resolution.
On February 24, 2012, the Bankruptcy Court entered an order confirming the seventh amended plan - PDF proposed by WMI and its co-debtor WMI Investment Corp (the "Plan"). The WMI Bankruptcy Settlement - PDF, as amended from time to time, remains integral to and incorporated in the Plan. The Plan and Settlement became effective on March 19, 2012. The Receiver received $843.9 million pursuant to the terms of the WMI Bankruptcy Settlement.
Litigation filed by DBNTC and JPMC and Settlement
Soon after WAMU failed, Deutsche Bank National Trust Co. (“DBNTC”) sued the Receiver and JPMC, claiming $6 billion to $10 billion in damages arising out of WAMU's alleged breach of representations and warranties made in connection with mortgages sold to securitized trusts. (Amended Complaint - PDF.) In June 2015, the United States District Court for the District of Columbia issued a partial summary judgment decision finding that the Receiver retained liability for DBNTC’s claims to the extent that such claims were not reflected at a stated book value in the financial accounting records of WAMU as of the failure date. (Amended Memorandum Opinion - PDF.) The Receiver sought appellate review of the decision in the United States Court of Appeals for the District of Columbia Circuit.
Also, JPMC filed lawsuits and cross-claims seeking indemnification against the Receiver and FDIC-C (Indemnification lawsuit - PDF) and submitted over 100 notices of potential indemnity claims. (Notices can be found at Group 1: JPMorgan Chase Notices relating to Washington Mutual Whole Bank P&A - PDF in the Freedom of Information Act (FOIA) Service Center Reading Room and, JPMorgan Chase Notices relating to Washington Mutual Bank Whole Bank P&A at, Group 2: JPMorgan Chase Notices relating to Washington Mutual Whole Bank P&A).
On August 19, 2016, the FDIC Board of Directors approved a settlement among the Receiver, FDIC-C, DBNTC, and JPMC, to settle the lawsuit filed by DBNTC, the Indemnification lawsuit filed by JPMC and all claims for indemnification made by JPMC against the Receiver, including two other lawsuits disputing JPMC’s responsibility for tax liabilities of the failed WAMU (“DBNTC-JPMC-FDIC Settlement”). Under its terms, the FDIC-JPMC-DBNTC settlement became effective only if DBNTC obtained court approval of the settlement. On June 30, 2017, the Superior Court of Orange County, California entered an order approving the settlement, and that order became final and unappealable on September 5, 2017. Under the settlement agreement, in exchange for releases from JPMC and DBNTC, the Receiver paid JPMC $645 million and issued DBNTC an allowed unsecured receivership claim of $3,006,929,600 on September 8, 2017. The DBNTC-JPMC-FDIC Settlement agreement can be found at this link: DBNTC-JPMC-FDIC Settlement agreement - PDF.
As a result of the settlement, the parties dismissed certain lawsuits pending in the district court and an appeal pending in the court of appeals. These lawsuits had been stayed while DBNTC obtained approval of the settlement by the California state court.
Interim Dividend Distribution
As of June 30, 2017, the Receiver had approximately $2.76 billion to distribute to holders of claims allowed by the receivership, according to the priorities established in 12 U.S.C. § 1821(d)(11)(A). The most recent receivership balance sheet summary can be found at the following link: (WAMU Quarterly Receivership Balance Sheet Summary.) After paying JPMC in full, the Receiver made an interim dividend distribution on September 26, 2017, on all approved senior unsecured claims of the receivership, including the claims of DBNTC, general trade creditors, and the WAMU senior bondholders. This distribution represented approximately 95% of the receivership’s remaining total current assets. The allowed senior unsecured creditors shared equally (on a pro rata basis) in this distribution. The remaining funds in the receivership are expected to be sufficient to cover future expected and potential losses and expenses.
The settlement did not resolve certain claims by the Receiver against JPMC, including the Receiver’s claims against JPMC relating to its alleged participation with other banks in manipulating certain benchmark rates and markets. It also preserves all claims of the Receiver against other persons who caused losses to WAMU prior to its failure, including claims relating to restitution orders and all regulatory and supervisory claims of FDIC-C. The Receiver anticipates that it will make a final distribution at a later date. It is unlikely that the Receiver will have sufficient funds to distribute to holders of receivership certificates issued to WAMU subordinate note holders or equity holders.
WAMU, which was the largest failure of an insured depository institution in the history of the FDIC, had $307 billion assets, $188 billion deposits, and over 2,300 branches in fifteen states when it failed. JPMC acquired substantially all of WAMU’s assets from the FDIC, paid about $1.9 billion, and assumed all of the deposits and “substantially all other liabilities” of WAMU. The resolution of WAMU through the P&A Agreement was completed at no cost to the Deposit Insurance Fund.
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.
Last Updated: 12/06/2019
cservicefdicdal@fdic.gov
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Once the FDIC has completed the disposition of the receivership's assets and has resolved all obligations, claims, and other legal impediments, the receivership is terminated, and a final distribution is made to its creditors. ... The FDIC, in its corporate capacity, is creditor of the receivership.
Thoughts. maybe they are not worry about us shareholders who signed released because we are already in the system. I think they just want to make sure that who didn't sign and release stay out of party for good .but who released already have tickets just thoughts
Banks in Burkina Faso close 10 minutes earlier....things make you go hmmmmmmmmmmmmmmmmmmmm.mmmm..mmmmmmmmmmmmmm ....iam humming since this morning can't stop
Oh yeah...
And they can hold it in none resolve Status for a very long time the status quo does not hurt any of them its hurting us .some countrys when have disputes over land/island they lease it for 99 years which they have 99 years before they Negotiate the sovereignty over the land again ..we can be waiting 5 to 10 years here
We have been played. End of the story
Agreed..or after all we just another k mart
Yes we feel the pain and the anguish .......but not of them tho
Did you got any response from them yet??
I have 4xxxxx Us ..we I think we all deserve to get to the bottom of it .bingooooo
Who ever think that if we don't get paid so the hedge funds ..wake up for the love of god..look at history .the hedge funds always have a deal without the average Joe s that's why you don't hear from them they got paid not us..but we can continue dreaming good luck
agreed they said that in public before so why some say now its secret ??? its not ...every thing is long gone ..WE ARE JUST ANTHER K MART we deal with same kind of people ones cheater always a cheater but of curse we can dream on .the funy part is we all know deep down nothing coming in and we chose to not face it because the pain is too much
Just to not keep going in circles over and over again. Assets yes. who got them ?? Sold yes. Book value or rebook value ?? And remember the law did not change at the time of taking k mart down and. Now in k mart case the asset is there the book value and shareholders there .its not about if Justice on your side it's what power on your side?? ..sorry
Thanks az but I wasn't asking when or how much I was asking what maybe the hold up?what kind of process that need to be completed if any if you think of any?and then of course.the possiblity they can put some slick &twisting fillings so when you read it feel secure&good just to keep us bay until is to late in 12 months or so?sorry for long question but nothing of the table with kind of people and the kind of money involved
ok az so after all this year in your opinion what is the hold up now?do you think at lest some fund or some kind of communication to us by now if something is coming? for example i received few notification for my {amd }class action lawsuit few years ago
what about the 31 quarters if that still possibility ??in it self will make alots people happy but realy no one around {official} to tell us any thing and we do not know is that because every thing must kept secret even now after every thing is done ?? I doubt it or because nothing left for us?
If we don't know ((when ))we don't see the light at the end of the tunnel
Guys do not get angry confus sad lost impatience anxiously blood boil/pressure hopeless stressed shorthand defeated and coronavirus its cures...and there is only one way out of it..
The real question is how the market now affects the escrow account ?? if all or most of our assets already liquidating (cash) so actually we are in very good shape .luck because the liquidation done before the crash ?.because your lucky if you are in cash while every thing bottomed price. Any one thoughts ???
Well.. don't forget about the elephant in room (coronavirus. Unemployment the economy taking a big hit now) but but still they taking advantage of situations
I wish if CBA09 still around he is really good and honest
sound to me just like anther K mart all over again they will bring every thing after we gone
Iam glad and sad that finally reality thunken in ..they are powerful people they have the green light for government body to do what ever ..they not afraid of anything let alone the average Joe. And yes of course know what you own. But the real question is CAN YOU GET IT??
Now this days everyone can talk and make phone call to thos important guys (really)that somehow they member's of some VIP ..ok ok I got it and I feel not that important can of thos vip tell us when we get paid seriously things is out of control
[COOP” It Is The “Tell] good grief.. the only thing I can consider to be the TELL is to see some money in my escrow account something went wrong big time here for long time here
And yet they pretend that we don't exist and assets don't exist and that in itself evident of the guilt they think that will make the problem go away..time to bring them to justice