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Praying also.....I do believe prayer changes things.
I would love to see something immediately but feel we may have to wait days to a few weeks to possibly four months.
Large Green why do you "feel" this way?
EscrowDollars.....good post and I agree.
Going out on a limb.......
If there is no announcement or money in people's account parallel to the closing of the cases...this message board will go totally wild and out of control with comments.
Thanks for responding AZ.....
Yes it's like being in a maze and I'm not sure why so many people have different answers. It seems that bankruptcies are supported by legal documents...understanding this is huge but there should only be one road to enter in to the final resulta. Thanks again for your quick response.
AZ, Question
... now having said that, ... in my opinion, ... [color=red]the Court Approved “Settlements”[/color] ... ALL IF THEM, ... will all be adhered to by all of the parties ...
You state Court Approved Settlements. If the court has approved these settlements then where is the documentation that supports this statement.
It seems that many here who are making speculations with their calculations could benefit from this information. I must admit I'm not understanding that if it's documented then why so many speculations.
Amen to that. I think we are all on edge to see what the results will be.
This has been soooooooo long and I'm hoping the wait will be worth it.
I will say this....the closer we get to the 19th the more unreasonable speculations and calculations will be posted on this board. Protect your mind people. Most people posting on this board do not care about how their point of views affect others. They have big dreams and they post as if it's factual. Beware what you read on this board concerning escrow payout.
My opinion only.
Amen to that...
Major....There is a lot I don't know but I do know this ...you won't be receiving $145. That is a fact.
This is the reason they want to burn the files quickly. As I said before they will give escrow what they want you to have. These people have no shame. It's called power and greed.
Don't you people know that if there is any money coming to us it will be based on what they will allow us to have. All this speculation and calculations mean absolutely nothing. It's all a wait and see what they will allow to flow to us. My opinion only.
I agree. My opinion is it was a plan takeover orchestrated by Blair and Dimon. So if these people in high places can do this to Washington Mutual do you think they are going to be F&R with escrow.
AZ,
Do you have any timeline as to when we will see $$ distribution to escrow after the cases are closed this month?
This is why Rosen wants to burn the files quickly. When will some people learn....do the right thing and you don't have to worry about it coming back to bite you. I wonder what JMW thinks? Is still going to go along with whatever Rosen had done and continue to do.
MY question too is ""WHAT ELSE HAVE THEY DON'T THAT WE DON'T KNOW ABOUT YET!!!!!!!!!!!!!!!!!!!!!!!!"
BBANBOB,
I agree so why can't the JMW figure this out.
I agree. The cost of keeping the records is minuscule versus the $$ that is going to charity. Why not take some of that money and do what necessary to keep these files for years. I think Rosen has done more bad things and they don't want anyone snooping around to find the other things that has been done. I believe the JMW trusted ROSEN. She did not realize that she was dealing with a snake. When AG brought this forward to JMW she should have dealt with ROSEN appropriately (harshly) instead of the casual way she did. This guy is and has always been trouble.
*******************************************************
TOTAL $5,200 TO PRESERVE!!!!!!!!!!!!!!!!!!!FOR 50 YEARS!!!!!!!!!!!!!!!!!!!!!
Less than 5 hrs of HOSENS BILLING AMOUNT
DO us all a favor and TAKE THE MONEY HOSEN WANTS TO GIVE TO CHARITY and do SOMETHING for ONCE, that is in the BEST INTERESTS of SHAREHOLDERS HERE!!!!!!!
AZ....thank you for your reply. Like you and many others on this MB...we need the cases closed asap. It's been a long time and I'm sure like others certain things are on hold waiting for a distribution. Hoping in Q1 2020 we can see $$. Thanks again for your response.
Hi AZ,
In my opinion, ... I believe noticeable movement of the WMB Corporate Bonds ... and / or ... COOP’s trading activity ... Will “Tell” Us ...
You have stated many times before "COOP's trading activity ... will "Tell" US. What do you mean by this? Are you saying COOP's share price will increase? I don't understand the connection between the closing of this BK and COOP's share price relates.
Ron, thanks for your reply. Did WMI win and received the $307B?
Yes, WMI sued for $307B.
Boris,
For the umpteenth time the 1.88B was merely an administrative fee/downpayment.
Are you sure about this statement.
JPMorgan buys WaMu
In the biggest bank failure in history, JPMorgan Chase will acquire massive branch network and troubled assets from Washington Mutual for $1.9 billion.
EMAIL | PRINT | SHARE | RSS
By David Ellis and Jeanne Sahadi, CNNMoney.com staff writers
Last Updated: September 26, 2008: 12:18 PM ET
NEW YORK (CNNMoney.com) -- JPMorgan Chase acquired the banking assets of Washington Mutual late Thursday after the troubled thrift was seized by federal regulators, marking the biggest bank failure in the nation's history and the latest stunning twist in the ongoing credit crisis.
Under the deal, JPMorgan Chase will acquire all the banking operations of WaMu, including $307 billion in assets and $188 billion in deposits.
To put the size of WaMu in context, its assets are equal to about two-thirds of the combined book value assets of all 747 failed thrifts that were sold off by the Resolution Trust Corp. - the former government body that handled the S&L crisis from 1989 through 1995.
In exchange for scooping up WaMu, JPMorgan Chase (JPM, Fortune 500) will pay approximately $1.9 billion to the Federal Deposit Insurance Corporation.
ckaufman2160....I definitely feel you on this. Eleven (11) years is too long. They can have my 1% if it will move this forward.
I don't get this. According to Rosen there is no more money and a few on this board agree with him so if that is the case then why is she filing. What's the point..nothing from nothing equal nothing.
And I thought we were going to have a non-eventful day and JMW would place her signature on the last document closing the classes. I'm hoping when this is done that the doors will immediately open to allow the $$ flow to escrow. We have waited long enough and as I have always stated...I blame JMW for allowing this to go on this long. This should have been closed prior to the start of the 10th year of this BK.
~ Thanks I’m Totally Good Brother’, “Collins”, Will Get These Cases Closed’, ~
Well AZ, I hope when Collins get these cases closed that the $$ will start flowing immediately. I'm assuming that Collins is very much aware of how many years this BK has been going on. This is ridiculous and again I think JMW should be removed from her position because she failed to move this BK along in a reasonable time frame. Ten years should have been the max time of this BK. Just my opinion.
Good Morning All,
In my world Thanksgiving is everyday! I'm believing for a speedy close of the cases and the $$ start flowing immediately.
HAPPY THANKSGIVING!!!!
And what does this have to do with this board?
Ron_66271....Thanks for the reply. I'm sure you can understand that after 11 years and nothing it's sometimes difficult to believe what is being said is really true. If it's true I will be extremely happy and I can quit my day job.
Hi AZ,
Have you ever thought that maybe you could be wrong on the end results. Hey, more than most on this board I'm hoping and praying that you are 100% correct on your statements. It's just strange that there is no information in writing that says we will have $$ flowing to us outside of the LT. Only the beloved Rosen stating we are getting nothing.
Kevin,
Screenshot please! Or please stop with the "BS". People on this board have waited 11 years for this to be over and we don't need someone stating false information.
I have Schwab and my marker numbers have not changed.
Thank you AZ for your response. I do appreciate the efforts you make to help us to understand. I must admit that reading these legal documents is like reading a foreign language and you do your very best to break it down.
It is much appreciated. Thank you...
AZ...I know that you know this.
Most of the people on this message board is putting a lot of hope in what you are saying concerning the $$ that will flow to escrow. I sure hope you are right about what you are saying. Based on your messages posted when JMW signs on the dotted line in December the $$ should start flowing immediately since they (whoever it is) have been waiting for that green light for a long time, which is JMW signature. A few have been making assumptions of the $$ based on documents of the past but there has not been one (1) current document that states what is flowing and when. With the billions being talked about it seems to me there should be current evidence.
Rosen brought this on himself with the help of JMW. Alice is definitely a thorn in his side right now but if he had done the right thing and closed this thing a couple years ago he wouldn't be going thru this. I think his greed got the best of him. I have always said that this situation is here because of JMW. This crap happened in her house. She allowed Rosen to do what he wanted at the expense of escrow.
Hi Large,
Question...With the issue you have listed concerning Rosen's deceptive actions is this something that can be brought to the attention of the US Attorney General's office? Rosen has conducted this bankruptcy like his very own piggy bank...filling the pockets of himself, his firm and friends. He rather give the money to someone else rather than letting the $$ flow to escrow or should I say the name he called us....to the vultures.
Royal,
What does this have to do with WM Bankruptcy?
BigBang,
Quote
________________________________________________________________
Because that information is outside the scope of the bankruptcy proceedings.
_________________________________________________________________
If this is the case and there is dollars then what is the hold up on distribution?
AZ, I'm not very good at reading some of these legal documents. For me it's like another language. My question is if there is money to flow to us outside the LT why is it not mentioned how much in these documents? Too me if there is additional dollars somewhere that they should let us know.
If this is true then why are the UW fighting to stay in class 19. Why bother if nothing is coming. Why is Alice spending money and time going against the LT on the class 19 issue with the UW. It makes no logical sense.
AZ....What is the next step that will happen. It doesn't appear the documents is talking about how many $$.
I don't want to get too excited for a big let down.