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nothing nothing and more of nothing I know we all hope and wish but the reality is hopes and wishs will not get us anywhere .sorry but hyaenas wont show mercy to its prey
iam not for or against lawers being involvement YET but here why some of us think about lawers ''' THE ANSWERS to your question is quit simple ... So, Just What “Exactly” Do You Believe Is Yours or actually Belongs To You ? [1] THE ANSWER IS WE{{ DO NOT KNOW FOR SURE}} ... What do you believe that originally belonged to the reorganized WMI, now WMIH-Corp., the Parent Corp., ... is yours’ ?[2]ANSWER is {{{ WE DO NOT KNOW}}}
... What would you request that your hypothetical attorney dispute or look into regarding the reorganization exactly ... ? ANSWER is so we know for sure {{{{ [1] &[2]}}}so we know for sure [the what how and when }
I’ve done a tremendous amount of work, personal contacting, and discussions with many of the involved people, ...
... anyone ? ...
After reading board today looks like we all going to meet in church instead of vegas. !!!
Most turn to god ONLY when things get in desperate stage. before that sadly they don't bother. iam not excluding my self
is it about know what you own? NO its more about who they are is coop the tell ? NO if the tell nothing but a big lie = so we own the shaft and now coop telling us where that shaft finall destination very hysterically sad & funy
IF (IF) that the case so we are done
we all will go to Vegas.just at the casino
Instead of play $20 or $50
slot machine WE tone it down to Penny machine as for you can tone it down even more to the back of casino dishwasher machine $9 box hour....hhhhh
Not to drive a wedge between you and AZ. But even Az numbers disagree big time with your number we try to get to the fact as it is good or bad so there is confusion here do not get me wrong of course I hope you are righ
Yeah like a great white sharks Try to devour everyone else ..will see
AZ .you said none of these shameful delay will work iam sure they have the same conclusion so. what they try to accomplish?? Is jpm need more time to get it self setuatied?? It must be a reasons other than just they throw tantrum. Thank you for all the help you provided
let's us focus on when what where and how we will get something back if any hopefully someone come with Definite answer best luck to all
Wouldn't be bad idea if your guys keep your clunker running just in case ..lol
The same answers since 2015. (Very soon)no one know realy
NOTICE On the surface, it seems that JPMorgan Chase got a good deal. It only paid $1.9 billion for about $300 billion in assets. But Chase had to write down $31 billion in bad loans. It also needed to raise $8 billion in new capital to keep the bank going. No other bank bid on WaMu. Citigroup, Wells Fargo, and even Banco Santander South America passed on it.
But Chase wanted WaMu's network of 2,239 branches and strong deposit base. The acquisition gave it a presence in California and Florida. It had even offered to buy the bank in March 2008. Instead, WaMu selected a $7 billion investment by the private-equity firm, Texas Pacific Group.
Who Suffered the Losses
Bondholders, shareholders, and bank investors paid the most significant losses. Bondholders lost all $30 billion in their investments in WaMu. Most shareholders lost all but two cents per share.
Others lost everything. For example, TPG Capital lost its entire $1.35 billion investment. The WaMu holding company sued JPMorgan Chase for access to $4 billion in deposits. Deutsche Bank sued WaMu for $10 billion in claims for defunct mortgage securities. It said that WaMu knew they were fraudulent and should buy them back. It was unclear whether the FDIC or JPMorgan Chase was liable for many of these claims.
Washington Mutual and How It Went Bankrupt
The Story Behind the Largest Bank Failure in History
Washington Mutual was a conservative savings and loan bank. In 2008, it became the largest failed bank in U.S. history. By the end of 2007, WaMu had more than 43,000 employees, 2,200 branch offices in 15 states, and $188.3 billion in deposits. Its biggest customers were individuals and small businesses.
Nearly 60 percent of its business came from retail banking and 20 percent came from credit cards. Only 14 percent were from home loans, but this was enough to destroy the rest of its business. By the end of 2008, it was bankrupt.
Why WaMu Failed
Washington Mutual failed for five reasons. First, it did a lot of business in California. The housing market there did worse than in other parts of the country. In 2006, home values across the country started falling. That's after reaching a peak of 20 percent year-over-year growth in 2004.
By December 2007, the national average home value was down 9.8 percent. The last time housing prices had fallen was during the Great Depression. Nationally, there was 10 months' worth of housing inventory. In California, there was 15 months’ worth of unsold inventory. Normally, the state had six months’ worth of inventory.
By the end of 2007, many loans were more than 100 percent of the home's value. WaMu had tried to be conservative. It only wrote 20 percent of its mortgages at greater than 80 percent loan-to-value ratio. But when housing prices fell, it no longer mattered.
The second reason for WaMu's failure was that it expanded its branches too quickly. As a result, it was in poor locations in too many markets. As a result, it made too many subprime mortgages to unqualified buyers.
The third was the August 2007 collapse of the secondary market for mortgage-backed securities. Like many other banks, WaMu could not resell these mortgages. Falling home prices meant they were more than the houses were worth. The bank couldn't raise cash.
In the fourth quarter of 2007, it wrote down $1.6 billion in defaulted mortgages. Bank regulation forced it to set aside cash to provide for future losses. As a result, WaMu reported a $2 billion net loss for the quarter. Its net loss for the year was $67 billion. It dwarfed its 2006 profit of $3.6 billion.
A fourth was the September 15, 2008, Lehman Brothers bankruptcy. WaMu depositors panicked upon hearing this. They withdrew $16.7 billion out of their savings and checking accounts over the next 10 days. It was 9 percent of WaMu's deposits. The Federal Deposit Insurance Corporation said the bank had insufficient funds to conduct day-to-day business. The government started looking for buyers. WaMu’s bankruptcy can be better analyzed in the context of the 2008 financial crisis timeline.
The fifth was WaMu's moderate size. It wasn't big enough to be too big to fail. As a result, the U.S. Treasury or the Federal Reserve wouldn't bail it out like they did Bear Stearns or American International Group.
Who Took Over Washington Mutual
On September 25, 2008, the FDIC took over the bank and sold it to JPMorgan Chase for $1.9 billion. The next day, Washington Mutual Inc., the bank's holding company, declared bankruptcy. It was the second largest bankruptcy in history, after Lehman Brothers.
On the surface, it seems that JPMorgan Chase got a good deal. It only paid $1.9 billion for about $300 billion in assets. But Chase had to write down $31 billion in bad loans. It also needed to raise $8 billion in new capital to keep the bank going. No other bank bid on WaMu. Citigroup, Wells Fargo, and even Banco Santander South America passed on it.
But Chase wanted WaMu's network of 2,239 branches and strong deposit base. The acquisition gave it a presence in California and Florida. It had even offered to buy the bank in March 2008. Instead, WaMu selected a $7 billion investment by the private-equity firm, Texas Pacific Group.
Who Suffered the Losses
Bondholders, shareholders, and bank investors paid the most significant losses. Bondholders lost all $30 billion in their investments in WaMu. Most shareholders lost all but two cents per share.
Others lost everything. For example, TPG Capital lost its entire $1.35 billion investment. The WaMu holding company sued JPMorgan Chase for access to $4 billion in deposits. Deutsche Bank sued WaMu for $10 billion in claims for defunct mortgage securities. It said that WaMu knew they were fraudulent and should buy them back. It was unclear whether the FDIC or JPMorgan Chase was liable for many of these clams
Agreed for one's
I think we have been used and abused on every level you may think of Financially . psychologically .mentally and so on it's shameful
Well it can go either way .maybe they trying to found the right legal formula to cover them a... before closings
For 12 month only after that all document will be destroyed..
Very close to the 86 billion
will history repeat itself?...YES
My concerns is if one believes that we will get paid in weeks why no any sign of contact to us if it doesn't need to be secret any more and the bk closed things can go either way from the way it look at least. need to move on
They will drag it for one more year with false Hope's /silent until they can DESTORY all document..??
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.
Updated 12/6/2019
The 75/25 The subject in my opinion we should leave it to rest It's a waste of energy and time And causing tension and And dividing us we cannot it change anything we can't even know if will get anything for sure..
The 1.88 billion is not down payment it's full price. But.but.but it's full price for whatever went into the bk NOTthe bk remote assets which held to be coming back after bk closed to reorganized coop that's chapter 11 and not 7 and that what we waiting for. GM and K Mart went through it and now our turn every thing lead to that direction and our market still there and getting ready for that transitional ..imho
K mart running coming up soon but this time ..all aboard.. in my opinion it's very simple coop can't move forward without value .value can't come without us I would say before March..of course all in my opinion
transitional "Election Account=ESC Cusips .. transitional = moving from the old (Wamu) to the new (coop)
thank you AZ what I take is the key word {a transitional "Election Account} value come to coop through our transitional "Election Account
Thank you Az .(sometimes I jok around)trying to destress hope you and the other understand and do not mind. Thanks again
30 million is alot of money and if If we divide that 75/25 LG style common will get $7.5 million and p get the loin share of $22.5 million..now $7.5 million ÷1.2 billion Us =oops .I need more advanced calculator to To detect the fraction..lol
Az can you share your views on what we should expect in the coming weeks/months ?thanks in advance
Wrong..if nothing came in June 2020 I will check back in june 2021...get with the program. ..lol
Merry Christmas to every one ...iam holding on long and strong...well semi strong I should say ...??
Relax every one know what you own .I own Yugo with blown engine
My concerns. Is the days after the bk closed in the bk everything is guided and forced by the court. Now we out of the court what guides and enforce the rest? Corporate events?what we suppose look out for?any one thoughts on that?
The judge is in the know position about something coming remember she said before (let's say a 10 billion coming back).and in her response to AG by saying in [[your believe ]and [you slowing down the process ]she gave good signals to Ag without Breaking seal that seal that she hold everyone to it [[do not slow thing down so they get paid ]]that's how I read it..
Thanks Az.now based on the information that you have .do have any guess about time frame before we see any thing in our accounts ?
Now you update...
Will if it's 307 billion case we don't know the break down for that number.sealed settlement and what assets sold at what price (book value vs 1.8 billion)still we don't know the layout for sure but iam in line with AZ numbers because they look like the minimum that they can gave us ..so it's ok after all ..things are fuzzy for many of us here .happy holiday to all