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From a german user (odin) on the german board
http://forum.finanzen.net/forum/WMI_Holdings_Corp_News-t461347
Good Morning-Interesting case and important info to be published over other Boards.
See Cladine A Scozzarid in superior court of New Jersey.
www.judiciary.state.nj.us/?/F03040313_20131118_objection_sc?
The loan will be serviced under "Washington Mutual" Checks were to be made payable to "Washington
Mutual". Third-party collections of payments would not change.
Do not send payments to JPMorgan Chase or any of its affiliated companies or t the FDIC.
The FDIC does not have specific information regarding your mortgage loan account.
Loan accounts will only be accessible at www.wamu.com
; loan accounts were not accessible through
www.chase.com.
Also WMI Entities? shall mean WMI, WMIIC, Ahmanson Obligation
Company, H.S. Loan Corporation, Marion Insurance Company, WAMU 1031 Exchange,
WM Mortgage Reinsurance Company, Inc., WM Citation Holdings, LLC, Washington
Mutual Finance Group, LLC, Soundbay Leasing LLC, WMGW Delaware Holdings LLC,
WMI Rainier LLC and Washington Mutual Capital Trust. So the hidden asset under mattress is ripe to come out
http://www.judiciary.state.nj.us/superior/...objection_scozzari_C.pdf
Not yet... but soon
Interesting...
From a german board
http://victoryoverchase.blogspot.de/2014/10/is-washington-mutual-bank-fa-straw-man.html
Some more info from the doc
http://blogs.reuters.com/alison-frankel/files/2014/10/jpmorganMBStrustee-fdicSJmotion.pdf
Chase Unsuccessfully Tried To Change The P&A Agreement To Exclude
The Mortgage Securitization Liabilities.
Within hours of Chase receiving the Q&As, Chase’s outside counsel, Mitch Eitel of
Sullivan & Cromwell LLP, sent an email to David Gearin in which Chase proposed to change
Section 2.5 of the P&A Agreement to omit WaMu’s repurchase liabilities from those transferring
to Chase. Dep. Ex. 78. Chase’s draft language for Section 2.5 would have expanded the scope
of the section to preclude Chase’s assumption of liabilities for any claims arising from WaMu’s
Since at least the spring of 2007, Chase had shown a strong desire to acquire WaMu’s
business. An internal Chase case study on WaMu indicated that “n March 2007, the [Chase]
Operating Committee conducted a broad review of potential acquisition targets, including large
domestic banks. . . . From a strategic standpoint, Washington Mutual (WaMu) was clearly a
preferred target.”
Zitat:
41. Chase was modeling a potential acquisition of WaMu from an FDIC receivership as early as July 2008, even though the FDIC did not approach Chase about such a transaction until
mid-September. Durdan Dep. 103:14-104:14;
Very interesting
The FDIC-Receiver Told All Prospective Bidders That The Acquiring Bank
Would Assume WaMu’s Mortgage Securitization Liabilities.
http://blogs.reuters.com/alison-frankel/files/2014/10/jpmorganMBStrustee-fdicSJmotion.pdf
Hello jhdf51
here is the story parta 2
http://www.propublica.org/article/carmen-segarras-secret-recordings-from-inside-new-york-fed
Why you are wondering??
This is the result you voting for !
It is time to wake up the american people are running into a slavery. No body cares about the people anymore.
See Washington Mutual the biggest theft in the world.
The people you voted for are the thieves like Fanny and Freddy
8-K: Current report filing
HTML PDF
http://content.stockpr.com/sec/0001471242-14-000216/0001471242-14-000216.pdf
it would be nice to see 2 Level
Thanks
I like that statement
Watt said his role is not a substitute for legislation.
“I am well aware, and regularly express my belief, that conservatorship should never be viewed as permanent or as a desirable end state and that housing-finance reform is necessary,” he said
Read more here: http://www.kansascity.com/2014/05/13/5020430/fannie-mae-freddie-mac-expanding.html#storylink=cpy
navycmdr
Plaese show the 2 Level Thanks
I got no answer yet i will try it again.
Three questions for WithCatz and Large Green
Statement [relating to escrow shares] (page 29):
"Based on this investigation, the Litigation Subcommittee has determined not to assert claims against such third parties, other than those which are currently pending and being litigated.
As a result of the Trust’s public disclosures on these matters, at this time WMIHC believes it is increasingly unlikely that it will realize any value on account of Recovery Claims."
1.) What exactly means
"Based on this investigation" ??? Which one's??
Statement
As a result of the Trust’s public disclosures on these matters, at this time WMIHC believes it is increasingly unlikely that it will realize any value on account of Recovery Claims."
2.) If it's that way why they work for us and collect our money??
For what??
Then i think the BOD should stop it right there and save our money.
I would be nice to get an answer
Thank you
Greetings J
"WMIHC has adopted the independence standard of the NASDAQ listing standards for its definition of “independence.” The Nominating and Corporate Governance Committee has determined that each current director (and nominee for director) is an “independent director” under Rule 5605(a)(2) of the NASDAQ listing standards, ... "
Three questions for WithCatz and Large Green
Statement [relating to escrow shares] (page 29):
"Based on this investigation, the Litigation Subcommittee has determined not to assert claims against such third parties, other than those which are currently pending and being litigated.
As a result of the Trust’s public disclosures on these matters, at this time WMIHC believes it is increasingly unlikely that it will realize any value on account of Recovery Claims."
1.) What exactly means
"Based on this investigation" ??? Which one's??
Statement
As a result of the Trust’s public disclosures on these matters, at this time WMIHC believes it is increasingly unlikely that it will realize any value on account of Recovery Claims."
2.) If it's that way why they work for us and collect our money??
For what??
Then i think the BOD should stop it right there and save our money.
I would be nice to get an answer
Thank you
Greetings J
interesting what Fairholm is like to do...
https://clients.fairholme.net/GSEProposal_11_11_13.pdf
navycmdr
what level2 software you are using?
thanks
J
From german Ariva board
Fairholme Wins Again In Court vs Treasury/FHFA
Posted by ToddSullivan
on April 4th, 2014
Judge Sweeney today accepted as proposed Fairholmes discovery schedule vs Treasury/FHFA.
Discovery shall commence on Monday, April 7, 2014, and shall be completed by Thursday, July 31, 2014.
The gov’t had sought to both delay discovery and severely limit its scope, both arguments were rejected by the Judge..
We can expect ~10 depositions and 25 interrogatories to be served on various Treasury and FHFA officials starting next week as well as a massive document request. There will be a status conference every two weeks basically so the Judge can threaten and chastise the gov’t for their anticipated heel dragging and general lack of cooperation
This is gonna be sooooo good
"""SEC Clarifies""" APPROVAL OF RULE FILING (SR-NSCC-2013-13) – DISCONTINUE NSCC’S STOCK BORROW PROGRAM www.dtcc.com/en/globals/pdfs/2014/february/07/a7676.aspx The proposed rule change described in the Filing will be effective as of Friday, March 14, 2014
https://www.sec.gov/rules/sro/nscc/2013/34-71156.pdf
Hello
$10.35 target price !
The KKR deal provides WMIH with significant capital to acquire a big business. The NOL makes WMIH a very attractive acquisition target, assuming a suitor is interested in purchasing WMIH just for the NOLS. The value of the WMIH'S NOLS is the amount of tax payments they can shield. With a 35% Tax Rate in the US, the NOLS are worth $2.09 billion or $10.35 per share. With KKR now holding a large percentage of the outstanding shares of WMIH, they can help WMIH realize the total value of the company by using the NOLS,and making a blockbuster acquisition that they have done many times. We would think that before such an investment was made by KKR they already have the target in mind. We are getting into WMIH early in the game. These type of programs take a long time to carry out but we think your patience will be rewarded and the shares could appreciate 100% before 2014 is over and more in future years depending on how things unfold.
Technical Analysis by Harry Boxer (TheTechTrader.com)
See you next year
Wish you all a interessting, happy New Year
Thats the link for D&O decision
http://courts.delaware.gov/opinions/download.aspx?ID=193160
Everybody should tag there shares with a high sell price.
Let's have some fun with the "Market Makers". Let them play with them self's.
The air is getting thinner....
Maybe your bank is getting pist off because the can not loan your shares anymore to them....
Hello Steelmouse992
here is a part out of your Link:
Fannie and Freddie never even needed government "help," they had much more capital than was required and were successfully raising capital in the private market! Government just wanted to use them like puppets to buy all the toxic junk the banks still had (that the banks originated.) Fannie and Freddie bailed out America.
The Takings Clause of the Fifth Amendment of the Constitution guarantees that all of the "dividend" payments go toward principle, and the government cannot take one dime more after repayment is finished, which will be soon. Conservatorship ends when Fannie and Freddie have "sufficient" capital again, which would be very soon after that, or the conservator is sued and conservatorship ended by the courts. Very simple. Solvent companies in conservatorship are never liquidated or wound down. If the government did so, the Takings Clause guarantees that the government must compensate us in full, for complete enterprise value and future profits, taking into account their roughly 90% market share (between Fannie and Freddie.) They would have to pay more than $300 billion for the company, easily more than $60 per common share. Fannie and Freddie remain private, shareholder owned companies with tremendous value.
The 79.9% figure is merely the common stock ownership the Treasury would have in Fannie and Freddie if they couldn't repay their debts and the Treasury exercised their options for common shares, as an alternate way of being repaid. Since Treasury will soon be repaid IN FULL, they can't exercise those warrants without violating the Takings Clause and having to compensate us fully (for 79.9% of the companies' fair market value, including future profits!) If people understood their Constitutional rights, FNMA would be trading aboge $40 already. What's going to happen, a bloody communist revolution where the Constitution is torn up and thrown out? The chance of that succeeding is zero.
Blue what NEWS comming out ???
Is it the same then your shorts have to cover ??? LOL
Hello brockass this posting was not for you
Sorry it is for blue
Hello Blue
i dont know what you are talking about all the time.
Tell us why the MMs should get into a short covering????
You talk a lot of crab all day long.
If i am wrong then proof it !
i Guess you don't know what traiding is all about.