Double Works For ME.

We released JPM for “Willful Misconduct” for a reason.


Ron

The OTC Defendant’s (JPM and Friends),

Need to settle and pay for their Derivative insurance obligation’s.

This settles WaMu, Lehman’s and F&F, a few others.

Settle’s the Final Valuation for WMB and it’s Assets for JPM to pay.
Plus 41.6 “Willful Misconduct”.



Ron

And The Court’s Response to the FDIC.

4001 04/03/2024
ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262

OTC is code word for Derivatives.

She is NOT messing around!
Ron

It’s Because LIBOR Hasn’t Settled Yet.

XOME can’t be monetize when the valuation can’t be determined due to the interest rates manipulation by the big banks.



Ron

The Interesting Path of Chad Smith.

• WMI.
• WMI-LT.
• PALADIN.
• WOODWAY.

Woodway is a beautiful little community just south of Edmonds where Chad has his P.O. Box.
Woodway doesn’t have a Post Office.

What in the world could Chad be managing in Woodway for WMI Equity?

I have posted the list of WMI assets due to each equity class.
I know because I have listed the assets and their valuations.
The EC told us.



I have lived in Edmonds. Another beautiful community,
Ron

And What JPM Did Acquire.

JPM will be paying for.

“WMB and it’s assets”.

“Willful Misconduct”.

IMO, JPM has been making payments to the FDIC-C for WMB and it’s assets to keep the interest rate accumulation down.

The FDIC-C just hasn’t passed the numbers yet to the FDIC-R. The FDIC-R is still generating the final numbers due to the LIBOR litigation.
Resolution in process.



Ron

We All Release With a Form W-9.

W-8 for other international investors.

We released JPM for “Willful Misconduct” using a IRS filing document.

IRS not WMILT.

The IRS has our documented Release.
Our current broker is only the tracker for the “Willful Misconduct” released form W-9 submission we filed.
If you submitted your W-9, -8 then you are a holder of WMI claims.



Ron

No GSA With Open Litigation.

The DC Dual Track was settled late 2010 to early 2011 before the submittal of the first Plan 6.

WMI sued the FDIC for $307.2 Billion.
The DC Dual Track needed to be settled before a reorganization plan could be submitted/implemented.
The ruling for WMB and it’s Assets needed remedy.
RULED; Full book value as of the seizure date.

The DC Dual Track actually put equity in the money even though AAOC tried to hide the Sausage.

The EC shot down Plan 6 and took over the Plan 6 LT.
The Plan 7 LT was only for paying the Creditors.
DONE!

I know that AAOC hid in the Plan 6 LT.
They told us. All documented.
I have listed the list many times before.

Check my history.



Ron

Yes, WMI Sued the FDIC in DC For $307.2 Billion.

Yes full accounting!

Rosemary ruled in the Dual Track that JPM is to pay full book value for WMB and it’s assets as of the seizure date.

https://en.m.wikipedia.org/wiki/Rosemary_M._Collyer

The FDIC lost and JPM must pay.

LIBOR is just settling the final valuation.

I released JPM for 41.6 “Willful Misconduct”.
“Willful Misconduct” is the nice way of saying RICO!



Ron

Proof That the FDIC;

didn’t get the title to WMB with the Seizure of WMB.

That is a very significant fact regarding the case.

WMI sued the FDIC for $307.2 Billion for WMB and it’s Assets in District of Columbia Court (Rosemary). The Dual Track!
DB was in California not DC.

The FDIC wasn’t able to file against the big banks on our behalf regarding LIBOR manipulation until the FDIC possessed WMB’s title.

As conditioned in the GSA, The WMB title was abandoned about three days before the implementation of the Plan.



Ron

Plan 6 vs. Plan 7.

Paladin Acquisitions Corp, WOODWAY FIDUCIARY & ADVISORS LLC manage Plan 6 liquidation trust assets*, and WMI Liquidating Trust we know about is Plan 7 for Creditors. Paid in full!

*The great changes between Plan 6 vs. Plan 7;
Exhibit H and 510(b)

One DST with two different missions statements.



Ron

WMI Won. DC Court Proved It.

Then the FDIC proved it again.

The BK Court inshrined it in the GSA.

Settled in Plan 6, modified to accommodate the Creditors with a limited LT provision in Plan 7 by the Equity Community.
Few understand Plan 6.
Exhibit H and 510(b).



Ron

Attorney Client Privilege. Tolling Agreements.

They don’t need to tell us anything.

Smile, WMI won.



Ron

The Mineral Rights Wouldn’t Be TEIR 1 Assets.

But still assets. Non active mines would be considered a dormant asset and may have been leveraged accordingly. WMI didn’t over leverage like JPM. Leveraging an asset exposures the asset.

Maybe our friends from Oklahoma can chime in regarding dormant oil wells.



Ron

True. But Also $400 Billion in Damages.

Millions in fines.

Another big difference.

Damages to WaMu would be about 80% of the $400 Billion the FDIC is seeking.
$320 Billion.

WaMu securitized over $2 Trillion in RMBS. WaMu securitized many other forms of debt. Securitized as ABS.
Corporate debt, Auto loans…



Ron

$400 Billion in Damages, Millions in Fines.

$400 Billion for the damaged parties, WMB and other banks.

Fines are paid to SEC and/or other government agencies.



Ron

Your Release Tells You Differently.

Again; 41.6 “Willful Misconduct” RICO Carries a multiplier on the valuation as part of the settlement.
Again: WMI sued the FDIC for $307.2 Billion for WMB and it’s Assets. About $8 Billion came back to the Estate and that was used to pay Creditors.
DONE!
The FDIC’s reported $299 for WMB and it’s Assets.
The accounting works.

JPM lost the Dual Track in DC.
JPM is required to pay full book value for WMB and it’s Assets as ruled.

The FDIC is required to pay interest for WMB and it’s Assets. The FDIC will charge JPM for the interest payments. All at no cost to the FDIC.

$80 Billion is absolutely NOT a correct valuation for WMB and it’s Assets.



Ron

And That Came From Plan 6 Assets.

Plan 7 only received sufficient funds from the Plan 6 LT to pay Creditors.
Done.
Yes I have proven with documentation. PDF 150. Posted countless times.

I have listed the 363/365 Sales assets sold to JPM countless times. All tabulated in the GSA/DS. Retained Earnings generated from assets sold to JPM of the $33-$8=$24ish. $20.7 Billion-> became +$25 Billion 75/25 split.
You don’t get my money and I don’t get your money.

I have listed the assets sold to generate the RE.

Series R performance payments I proven two different ways.

The AAOC Plan 6 LT Holds the WMI Subs and WMB Receivership Claim.
And more for the Equity Class based on ownership of the property ownership right’s.



Ron

-> AZ is Correct <-

WMB Notes are covered by $26 Billion in ABS and only $14 Billion in obligations.

The losses are covered by the derivative insurance.
Hence; no losses for the investors.


I also gave you a thumbs-up



Ron

Thanks imbellish.

I posted this on other related IHUB MB’s.
Lehman’s and COOP/WaMu.



Ron

To Better Understand LIBOR.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173919012



Ron

Very Important For Lehman’s Holders.

Discuss Barclays LIBOR Manipulation.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173919012



Ron

I Understand That The FHFA Settled LIBOR.

on F&F behalf Last Summer Just before the PPS starts to rise.

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262

LIBOR is all about settling the Derivative Market Meltdown of 2008.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173888489



Ron

Incredible DD and Post IPrelude.

Great job Split_T and IPrelure.

Many corporate names to hide the many parts of the sausage.

All of the assets are still there awaiting distributions to the equity classes.

Nothing has been lost.

Yes, more than Far and Reasonable all based on ownership.

It’s time for the FDIC to complete the process.
JPM lost!!



Ron

Why Would a WMI Sub Need a OilGas Distribution Company?

Yes AJ is the survivor. 2022?

2010…
Pre Plan 6.



Ron

Study the Dates. Plan 6 LT Is Making More Sense.

2010 even is before Plan 6.
Plan 7 Pre-reorganization.
??
Another sub of pre WMI Holdings Corp?

The filings are always correct.
What corporate entity is being discussed?

Many names for the almost the same sausage.

WMIH referenced as two or three different corporate corporations profiles.

The owners of the property still owns the property.

Is AJ going to manage our Denke oil/gas reserves?



Ron

Is A. J. Hurt Jr. Inc. Public or Private?

TIA.



Ron

The Plan 6 Liquidation Trust Is Significant.

Shame more of you can’t understand what happened.

Yes, P-6-LT was created by AAOC and later control was transferred to the Equity Community as requested before Plan 7 litigation.

Yea Yea, I have heard your poor argument that Plan 6 was never approved. The LT had already been created before any need for a Plan approval.

The FDIC receivership claims lives in this Trust/DCR/DST created by AAOC in Plan 6.

The Plan 7 LT is only for the Creditors.
Paid. DONE.

AAOC wasn’t friendly with JPM.
Proof; The Discovery Document.
RICO! The leverage AAOC used to force JPM to concede during Plan 6 litigation.
Hence; 41.6 for “Willful Misconduct”.

I win again.



Ron

And Where Did COOP Come From?

For extra credit;
COOP is a subsidiary of who?

Goooo WaMu!!!!!

I have already explained the answer.

XXXX is no longer the Registrant.



Ron

Thanks Split T for Your Research.

As I understand it, we have an active DST, but no active LT. The Plan 7 LT we know about was for paying the Creditors. DONE.

Please remember that AAOC created the first LT in Plan 6 to hide the assets from us.

But we still have the active DST.
Plan 6 DST for equity?!?
I say yes!

The Equity Community took control of the Plan 6 DST LT as requested.
Documented!
One DST with two mission statements.
Creditors and Equity.


Ron

Incredibly Significant Post.

Bear Stearns was a major holder of derivative insured ABS/RMBS for their investors. Great investment income from these bonds.
Same for Lehman’s, AIG, F&F.
WaMu held cash reserves between the two banks.

Investment banks like BS, Lehman’s, and AIG keep little in reserve because the market was mark to market to maximize returns for investors and the bonds were insured.

For JPM as a derivative writer as the mortgage market rose it was all free money and promoting the expansion of the mortgage market. More free money.
JPM, 57% of a $13 Trillion RMBS market.

Then the market starts to change to the downside and JPM is very exposed to the derivative contracts written. Now JPM and other Derivative exposed banks start manipulation of the LIBOR interest rates to control their losses.

JPM slow paid on the derivative contracts and forcing the ‘in the money’ counter parties into bankruptcy due to the lack of payments.
JPM was broke.



Ron

Because Stuart Landerfield in the first First Filing Said So.

BK-28.

Stew said that no one can see the assets of WMIIC other than himself, the Judge, and WMI Counsel/WGM/Rosen. Basically a Direct statement in the first document!

Even The WMI BOD was bared from viewing the assets of WMIIC. Therefore Nelson was also bared from discussion regarding WMIIC and it’s assets.

Possible simple numbers;
WaMu securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.
The securitizer is required to hold a minimum of 15% of their offerings.

$1500 Billion x .15(15%) = $225 Billion minimum.
The losses are covered by the derivative contracts.
Hence: LIBOR.

WMIIC is a sub of WMI not a sub of WMB. The BK filing is the proof.

Please remember that investments are liabilities until liquidation.

WaMu is the FDIC’s way of being ambitious as to WMI/WMB.



Ron

41.6 “Willful Misconduct”

is very significant in this context.

The government authorities had no legal authority to seize WaMu assets.

The Discovery Document proved Project West as an civil RICO action.

LIBOR is criminal RICO and requires a jail term.

The FDIC has to enforce the full book value for payment WMB and it’s assets from JPM or the FDIC must pay for WMB and it’s Assets.

JD needs to settle fast.

IMO, 2X for WMB and it’s Assets. Plus past interest at around 2% basted on THJMW. Which is semi compound.



Ron

Please see my updated post.

Sorry but I have seen so much BS . Yes I over reacted.

I’m sure that you understand.
My apologies.



Ron

I reread your post. EOM

LIBOR Currency Manipulation. The FDIC/FHFA is Suing

the big Banks on WMB’s and others behalf.

Can JPM be indemnified for damages to WMI/WMB when JPM was actively manipulating LIBOR rates through currency manipulation undermining the ABS/RMBS profits of WMI/WMB?
Criminal RICO.

41.6 “Willful Misconduct” is civil RICO.



Ron

For a Corporation, Investments are a Liability.

The money invested is at risk and can go to zero.

What is JPM’s current Tier I rating?

What about $1.4 Trillion in assets?

Does JPM need to be seized and all of their property and assets given to WMI stakeholders?

I win!



Ron

JPM Requested the Release for “Willful Misconduct”,

By the stakeholders of WMI as part of the GSA/Plan Settlement.

The Discovery Document proved JPM’s guilt as did also the “Willful Misconduct” Release request.

“Willful Misconduct” never needed a ruling from the Bench. The parties agreed to the settlement. “Willful Misconduct” settlements typically carry a monetary penalty.

2X would be reasonable.

No payment, No Release!

Tolling Agreements. Attorney Client Privilege.
We will never see the agreements.



Ron

41.6 “Willful Misconduct! EOM.

Proof that You Haven't Be Keeping Up.

No I won’t waste my time educating you.
You can go back through my history and see for yourself.

Have a nice day.
Go Fish…



Ron