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Sure you stand correct and..fuzzy lol
307 b _180b=127b not 27b
Az question do you think that we.will get everything that we SHOULD get or we get a something in other ward your guessing numbers for p.k.q is the most lawful number you can get ?there is big gap between numbers throwing around here ..thanks in advance
We have to do what we do best WAIT hope it's not years
Let us just hope that something arrives to the table first. hopefully soon .I know for me and some other will find peace and relief with what ever the out come is it's way over do .happy holiday every one
Preferred still in the line first they know/projected there more than enough to rich the face value so preferred Did not sacrified any thing if common was deleted you still Entitle to face value only so make your pick face value or face value..what common gain it's not on preferred or any one Expense
Iam sure you know that each class can not recive more than face value end of the story ..??
After reading cba09 carefully still think az is right even if so 75/25 will enforced that until p rich face+interest then drop out while common continuo
Bingo
With the changes on the escrow account l would say that we will get share for value and watch for k mart run but they may take down real hard before take off just saying
is there any guess for time fram after all signature needed is down before we see anything flow to ours account ??
I think/hope that we see payment in the first quarter of 2020 ....
What are you trying to say? Are you saying that smart guy like AZ is wrong? Az he is been helping every one for long time i hope he is right and I hope he is not BR
The way they say it oh we found 30 billion like he found a back of gum on the floor and not 30 billion there is no such thing as (found) 30 billion
Just let's hope she will sign on the 19th and we can move forward from there is the next step that trusts will release the cash and or shares for value?? Or who know's ?? Good luck and happy holiday to all
Ron thank you ..but I must say when you say jpm will pay 307 billion it gave The impression that old (p k u)getting that money or most of it and that not the case. When you look at az numbers 8 dollars for Us and say 2 to 3 time face value we looking at 30 billion gave or take just saying good luck to all and happy holiday
Me three
any one think /know after closing the bk IS every thing set & ready for distribution ? OR will some kind of filling /steps required before distribution? thanks and happy holidays every one
Az thank you .and iam sorry for being doubtful in the past I think you are honest and shared with your hard work thanks again
CBA09
Thursday, 09/08/16 07:27:38 PM
Re: clawmann post# 461631
0
Post # of 597837
Clawmann - 42.2B effect
Clearly the reduction of 42.2b reduces the available assets from the FDIC water fall. Trustee of FDIC now has less potential liquidation funds for WMB Creditors.
FDIC must comply with GAAP and in doing so removed / derecognized what contractually WMB did not legally own or have control over. WMB no longer having a legal ownership would not be entitled to any future cash flow and or over collateralization of true sales transaction.
??? To whom transferred. Since 42.2B were earmarked Mortgage Real Estate Loans most likely to bankruptcy remote SPE's. ??? what $$ amount of revenue might this 42.2B generate?? And more importantly what lies within all the SPE's that WMI had a contractual retained interest. Since each SPE has it's own banking account respectively they could be a boat load of $$ generated and parked just waiting for a trigger event. Also what other real estate owned that collateralized true sale securitzed pools remain to be liquidated. It is with all of these that LT can go after.
Most likely next year we get paid(hopefully)for taxes reasons not this year good luck to all
Can we say the trusts in stand by mode And ready to go with Distribution as soon as the case close??
the question still there BR was so sure about close by the end of October so what exactly that he Miscalculation/did not see then but he sees now stop him from filling ?
based on loads post the 57 million will be divided between the old released 1.2 b OK you do the math
in that case mean for every 21 old share you receive 1 share
BR. We intend to file that application, your Honor, by the end of October (10/31) because we hope that the D&O piece will be done and {{{{{ we’ll know the exact assets within the Estate}}}}}. And, we would hope then to have that heard in a time frame to close the case by the year end.
My2 cent. when the bankruptcy close that is the signal that every claim has been resolved and it's done deal so what ever left is free and clear to go to last stop (escrow
Ok around the end of the month (gave or take)the case should close .and new chapter will begin what kind of process that we may need to go through ??how much longer??is every thing is ready to go within reasonable time (few weeks/months).or.. ok I will stay positive and leave it at that wishing the best to all
so after TEN Years of interest generated... associated with The Class 22's Releasing Common Shareholders just $ 8 milion of interest add that to roughly $4.1 Billion Dollars, then divided by the 1.2 billion releasing wamuq's equals, roughly $3.42 per released uq' TEN Years ago' ... the original released wamuq's (41.6) would be valued at roughly VERY MUCH THE SAME 10 YEAR LATER $ 3.42 per uq ???correct AZ ?
wrong,, if you considered that you getting 99 time that amount ..quote (IF 24 bill comes back here it means $XX,XXX alone to me and ON THE UPPER END OF THAT and I am NOT imho a large holder here.) the 1 to 3 precent should not make any difference to any one at all
as the end of the bk is getting close is any one found out about the taxes? is held up front by the trust? is it capital gain ? ..ect
not trying to rain on the positive parade that is going on here . but. but we have at lest 2 poster that claiming they have first hand original copy of court doc. one from MONICALAW qout (((THE ORIGINAL P&A Was $200 Billions as I saw it myself ))) then AZ he said also have original copy with different number ( we know AZ numbers Us P AND K) ther a lots of money traviling here we have to be carefull about HOW MUCH OF THAT TRAVILING MONEY IF ANY HAS FINAL destination OF YOUR ESCROW ACCOUNT ? JUST SAYING.. thank to az and many other that helped us on here
It could be 3 to 5 years before we see bare bones if we lucky.. very sad
"I sincerely thank every one help us for all this years and hope that everything will be ok for escrows holders .but .but .but but. iam getting Pessimistic much of the time have doubts . so if we shouldn't trust the trust what that mean/ ?sound more nopperini and less Yepperini ???
JPMorgan Chase Is 10 Times Bigger Than You Think It Is
The nation's biggest bank controls nearly $25 trillion worth of assets.
Most people who follow bank stocks probably know JPMorgan Chase (NYSE:JPM) is a big bank. It is, after all, reputed to be the nation's largest. But even people who are familiar with JPMorgan Chase may be surprised at how much larger it is if you measure its size in a slightly different way.
When analysts talk about the size of a bank, they're generally referring to its balance sheet and, more specifically, to the combined value of its assets, which tend to consist of loans and government securities.
JPMorgan Chase has $2.5 trillion worth of assets. Roughly a third of those are loans, a third are securities, and the final third is split between cash and other types of assets.
size of a bank's balance sheet is unquestionably important. This follows from the fact that one of the main ways a bank makes money is to arbitrage interest rates -- that is, to borrow money at low short-term rates from depositors and wholesale lenders, and then invest the funds into assets that earn higher longer-term rates, such as loans and securities.
The more a bank can leverage its capital in this way, the more money it makes. Last year, for example, JPMorgan Chase generated $44 billion worth of so-called net interest income. That equated to just under half of its net revenue.
But even though measuring a bank's size based on the value of the assets on its balance sheet is the most common way to do so, there are other things investors should factor into the equation. There's one metric in particular that shows just how much a bank's balance sheet underestimates its economic footprint.
I'm talking about assets under management or custody. The former are assets held for individuals in, say, an investment fund that's actively managed by JPMorgan Chase. Assets under custody, by contrast, refers to assets the bank administers for institutional investors.
The important thing to note, here, is that neither of these types of assets is reflected on JPMorgan's balance sheet. Additionally, while assets under custody or management don't generate the same bang for the buck that on-balance-sheet assets do, since the majority of income therefrom goes to the assets' legal owners, assets under management or custody do play into a bank's profits by way of noninterest income.
To this end, in JPMorgan Chase's latest quarter, nearly a quarter of its fee-based revenue, or $1.1 billion, from its corporate and investment bank came from activities associated with asset management, administration, and commissions.
On top of this, the quantity of assets under management or custody also factors into the amount of capital a bank must hold. In short, a bank that exercises authority over a sizable amount of off-balance-sheet assets like these face slightly higher capital requirements.
So, just how much bigger is JPMorgan Chase if we include these? It's roughly 10 times bigger than its balance sheet lets on. As of its latest quarter, it reported nearly $21 trillion worth of assets under custody and management. Add that to the $2.5 trillion on its balance sheet and you're looking at a bank that controls assets valued at just under $25 trillion.
"Willful Misconduct" Is Settled By Treble Damages.
JPM raised $1.4 Trillion for "Willful Misconduct"?
3X Book Value for "WMB and it's assets".
[[[GET REAL IF THAT TRUE JPM WILL WILL GO Bankruptcy]]]
its ok it taks sometime to find the Holy Grail and Yepperini .....lol
We have been in the bs day in & out I wish if iam time traveler so I can read the board 10 years from now .and read something like hmmmm something coming up this Halloween 2030 or they going to shak tree one more time and by Christmas 2031 soon soon .lol
Agreed .it's like 2 people in very complex case with 2 lawyere then in the middle of the case one lawyer left so one side by itself don't know what to do (us) while the other and have his lawyer and the court becomes one side..good luck..yeah just saying
FDIC phones JPMorgan CEO
A few days after Lehman fell, Bair called Jamie Dimon, JPMorgan’s chief executive, to ask if he was interested in buying WaMu out of receivership. She also urged him to seek an open-market acquisition of the bank. On Sept. 19, JPMorgan told regulators that it wasn’t interested in acquiring WaMu, because the debt of the holding company was too great.
A handful of banks, including Citigroup, Wells Fargo, and Banco Santader in Brazil had expressed interest in acquiring the bank, but now they also balked.
By Sept. 23, WaMu had just $4.6 billion in cash to meet its liquidity operations. The Office of Thrift Supervision contacted several potential banks to gauge their interest in buying WaMu out of bankruptcy. JPMorgan, according to the examiner, was the only serious bidder.
That Friday the OTS shut down WaMu and placed it into receivership with the FDIC. The institution, which earlier in the summer held more than $300 billion in assets, was sold for just $1.88 billion.
FDIC bidding process “less than optimal”
Though Hochberg ultimately concludes that the sale was fair, he came down hard on the FDIC for failing to adequately cooperate with his investigation, and questions some of the agency’s actions along the way.
The FDIC’s bidding process, he said, was “less than optimal” and “could have been better.” He notes that the Sept. 16 call from FDIC’s Bair to JPMorgan’s Dimon came “before any formal opening of the bidding process.”
Hochberg also says that “some of the FDIC’s actions lack transparency.” As a result, he was “unable to determine whether the FDIC fully understood the value of the assets it seized and sold.”
In general, Hochberg was frustrated with the agency’s balking.
“The FDIC made clear that attempts to compel discovery could be met with certain obstacles . . . which could effectively delay and discovery beyond the tine limits of the examination,” Hochberg wrote. The FDIC had said it would litigate to keep internal deliberations secret, he said.
The agency also responded selectively to document requests, and refused to make Bair and two other senior officials available for interviews. The FDIC’s lack of cooperation was especially egregious compared with other players in the WaMu sale, he said. The OTS, for example, “was helpful and cooperative,” he wrote. (Hochberg didn’t return a call left on Tuesday).
FDIC says it cooperated
In a lengthy statement sent in response to a Center query, FDIC spokesman Andrew Gray said that the agency cooperated, not just with the examiner’s investigation, but also with investigations into WaMu’s failure by Congress and the agency’s own inspector general.
“It is unprecedented for the FDIC to let its process be subject to review by a bankruptcy examiner,” he wrote. “However, the FDIC voluntarily cooperated in an effort to move the settlement agreement forward, including the production of numerous documents and interviews with key FDIC senior staff. The FDIC General Counsel determined that interviewing other officials, including the Chairman, was not necessary to adequately respond to the needs of the special examiner and would set a dangerous precedent.”
Ultimately, Gray said, it is important to point to the broader conclusion of the report. “The settlement is fair, the process was correct and there was no undue influence on any party.”
Lack of transparency by the FDIC, while a concern, did not affect his final conclusions, Hochberg said.
Hochberg’s report, though valuable, doesn’t address the decision-making that led to Washington Mutual’s precarious position as of the spring of 2008. For that, it is instructive to turn to an earlier report co-authored by the inspector generals of the FDIC and the Treasury Department, which concludes that the bank failed because of management’s pursuit of a high-risk lending strategy that included liberal underwriting standards and inadequate risk controls along with, in many instances, fraud in mortgage originations.
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