Fifth Amendment Taking.

That case was heard in DC. WMI sued the FDIC for $307.2 Billion as a 5AT. The FDIC didn’t have the authority to seize a Holding Company’s property. The OTS and WMI had a Memorandum of Understanding that the two banks, WMB and WMBfsb would shore each other up as needed. That is what was happening before the illegal seizure. 5AT.

JPM became an Intervener and the Judge ruled that JPM is to pay full book value for WMB and it’s Assets as of the seizure date.

Tolling Agreements.
Tolling Agreements are not public.



Ron

All Solved in The GSA.

The DC Dual Track is incorporated into the GSA and the Plan.

41.6 is our JPM executives release for “Willful Misconduct”, code word for civil RICO.
A multiple is to be paid for a “Willful Misconduct” release. Settled by the Equity Community. The FDIC is tabulating the final valuation for JPM to pay. LIBOR is part of the final tabulation for WMB and it’s Assets and WMI/WMB’s losses.



Ron

Just Because JPM “Found it”,

Doesn’t mean WMI/WMB ever lost it.
Furthermore, now that JPM “found it” JPM gets to pay for it.

Our proof;
• 41.6 is not settled with a payment for WMI’s assets. WMB is an asset of WMI.

• The FDIC receivership of WMB is not closed!!

• DC Court ruled against JPM as an intervener in the case where WMI sued the FDIC. “Full book value for WMB and it’s assets”. WMI sued for $307.2 Billion.

IMO, I’m expecting the FDIC to start making ‘dividend distribution payments’.

Reason; LIBOR Litigation Settlements.

Orchestrated Currency manipulation is Criminal RICO. Mandatory jail time.



Expecting a surprise,
Ron

Because The Market Doesn’t Fully Know.

COOP vs, The Original WMIH.

Some assets go to COOP.

Much more Assets stay safe with the released WMI shareholders.

RE satisfied Class 19’s claims and very generously.
Why would Class 19 complain about 2.5X return?

I have Series R at +~4.6X return.
Very few people understand the performance payments.

Nice to see COOP moving. Must be the same reason for WMIH, Lehman’s, and F&F which are all in LIBOR litigation resolution.



Ron

Like the Rock of Gibraltar.

41.6 isn’t moving.



Ron

Correct, WMB Has Not Been Paid For.

41.6 release for “Willful Misconduct” isn’t satisfied until the payment for WMB clears.
No payment no release. Just that simple!

The $1.9 Billion was just admission fees. Documented by the FDIC.

$299 Billion for WMB and it’s assets.
Litigated in DC and FDIC/JPM lost in the Dual Track.

Add in time and interest and a great big penalty for a criminal RICO and criminal LIBOR Currency Manipulation.



Only RE is 75/25%,
Ron

I Haven’t Seen a Document,

or Presentation posted to Make Me Change my view.

• 75/25% is limited to the Retained Earnings held in Treasury Notes now worth ~$25 Billion.

• Focus on Property Rights!
BK law is all about Property Rights and Contracts.

• You don’t get other peoples stuff.

Class 22 has no right to Series R Preferred Funding performance accumulation distributions. Not Class 22’s properly!

The same is true, Class 19 has no right to Class 22’s property because Class 22 has proven to the Court that Class 19’s claim is satisfied with the Retained Earnings.

75/25% ruling can not be based on future speculation on WMIH/COOP stock price, or the speculation of future litigation settlements.

• The money needed to be secured by Class 22 in a safe place to satisfy Class 19’s claims and Class 22 did!

COOP PPS needs to exceed $600 for Series R to see one face.

The money was set aside in Treasury Notes as stated by BR, that became designated as Retained Earnings in the February MOR.



Yes I have done my homework,
Ron

PS
WMB is another topic to be addressed.
The numbers haven’t changed. Now add time and interest.

All True Public Statements by The FDIC.

Currently…

The WMB Covered Notes will pay for themselves due to $26 Billion in assets backing $13 Billion in obligations. Now currently tied up in the LIBOR litigation.



We win,
Ron

AAOC Created The Liquidation Trust.

$6-$6.5 Billion in Capital Contribution.
$5 Billion in Rabbi Trusts.
…
$32-$8 = $24


Later came the $4 Billion in the Exchange Event, and $3.9 Billion in the Turn-over.

These funds are now available in the Retained Earnings of the February MOR.



Ron

The WMB Notes are Covered Securities.

The Asset backing for the WMB Notes is ~$26 Billion to cover a ~$14 Billion claim.
The valuation of these assets is still pending due to the LIBOR Litigation.

The FDIC will start dividend payments before the Receivership closure.

The WMB Notes are JPM’s responsibility. And JPM needs to pay full book value for the WMB Notes backing assets over and above the notes obligation.

So yes equity can receive payment before the WMB Notes.
Not our problem!!



Ron

No IHUB PM to Respond.

Yes I’m receiving PM,s.

I first started posting on Yahoo a long time ago.

Does IHUB still have Happy Hour on Friday after market closes?


Ron

Yes BlackRock Will Be Paid.

Just like all the rest of us.

I believe that BlackRock and friends are expecting near term payments from the FDIC as LIBOR litigation settles in favor of WMB and the other seizure banks, or institutions in concervships regarding derivative contracts CDS/CMO and the like.



Ron

The system won’t let me in.
Doesn’t recognize my login associated with a email address to send me a method to login.
I don’t have IHUB PM to respond.
I go back all the way back to the Yahoo days.

Series K is Just Like The TPS.

All cash from the Retained Earnings now worth ~+$25 Billion, or ~+2.5X face value which is greater than what Series K and TPS expected accumulation of interest.
STOP COMPLAINING!!
North of 2.5X FACE and you didn’t pay $25 for your Series K’s!!!

The TPS went through the Exchange Event and became a totally cash obligation to WMI.
Series K are a classical Preferred shares debt offering.


The Series R are similar to the WMB Covered Bond Notes that are both backed by their ABS revenue producing assets.
Hence; COVERED,
Again, Both Series R and the WMB Notes are still attached to the ABS revenue producing stream.
As ABS the Series R and the WMB Notes losses are to be reimbursed by the LIBOR litigation.
Series K is very dependent upon LIBOR interest rates as well and will be compensated for their losses.
Ok, add some more.

LIBOR Litigation is the Derivative Market Meltdown Exposure the Big Banks Don’t Want.
Currency Manipulation which is illegal.

The Derivatives cover the ABS losses!
The Insurance Contracts.

LIBOR Litigation closes the Books on the Derivatives pay back to the FDIC seizured Banks.



Ron

The 2008 Derivative Market Meltdown is Our Bonus.

The FDIC is suing the Big Banks on our behalf for LIBOR Currency manipulation.
That is a criminal charge with large penalties.

Yes the derivative market is very complex.
The basic principle is all based on Options.
But all these options are naked.
The insurer doesn’t own the base assets.

The WMI/WMB ABS/ RMBS are insured and protected.
All losses are to be reimbursed.

The Common shareholders own the Estate.


I know the basic area where you live.
I’m 53 miles South.
I love Deception Pass.

We live in a very Beautiful Country.



Thanks for the pictures,
Ron

WMI/WMB Securitized $2 Trillion in RMBS.

As stated by the FDIC.
Those Bonds are insured by Derivative Contracts as required by their prospectus.

Yes the LIBOR Currency Manipulation litigation which will settle both the difference in interest rates for the ABS/RMBS owed to us, but also the derivative contracts payments back to us with penalties in both cases.

So, YES The Derivative Market Meltdown of 2008 is VERY IMPORTANT TO YOU AND ME.

All WMI/WMB ABS/RMBS losses are to be reimbursed with back interest and penalties.



Ron

Profit from Derivatives from JPM Investments ..

$632 Trillion in Derivative Notables last summer.
I posted the link. No one responded.
Five times the GDP of the total Plant.

JPM is shielding/hiding the Derivative Market success in JPMC and not exposing JPM Investment as the source. Easy to make money for derivatives because the DOW is flat to some what increasing. Little risk.
JPMC or JPM Investments Corp?

The Derivative Market is exposed to the downside of the market as a ‘insurance policy’

Insurance companies make money when no one has an accident for the insurance company to pay.

JPM is making money from a flat or rising market.
If things change…

Things Change!!



Ron

The Retained Earnings Proved to the Count.

The Retained Earnings of $20.78 Billion protected in Plan 6, then placed into a DCR in Plan7 by the Equity Community to be distributed 75/25% satisfied Class 19’s claims against the WMI Estate.
Plus; all back interest is paid even though it wasn’t needed because the interest rate wasn’t accumulating.
Plus a performance payment.

Therefore, Class 22 owns the Estate property, and the WMB receivership claim with the FDIC for WMB and it’s Assets.

More than Fair and Reasonable!



Ron

I Don’t Believe that the FDIC Can Accept Stock.

Stock isn’t money as a method of payment. Whole or partial for WMB and it’s Assets.

A stock’s valuation is speculative.
The FDIC is being paid by JPM, then the FDIC pays the WMI Estate owner's. The FDIC has no right telling us the value of JPM stock.
A dollar is a dollar!

No JPM shares.



Ron

41.6 “Willful Misconduct” is the Proof.

Therefore the W-9 for the cash payment for WMB and it’s Assets.

JPM’s admission of guilt to civil RICO allegation settled in the GSA.

LIBOR generates the final valuation for WMB and it’s assets.

Five sources of revenue just for signing the W-9 form.

LIBOR is criminal Currency Manipulation and Fraud.
Jail and massive penalties.
Must settle before discovery documents are filed.

Few understand the Derivative Market Meltdown of 2008.



Ron

No Release, No Reward.

If you signed and submitted the IRS W-9 form, then you are a recipient.

I have listed the five sources for distributions.


For JPM, No Payment, No Release.

We released JPM in ‘good faith’ in 41.6 for “Willful Misconduct” pending upon payment for WMB and it’s assets.

JPM needs to close out the GSA and Receivership with the payment.



Ron

LIBOR Will Settle the Derivative Market Meltdown of 2008.

This is a multi-facetted.
• LIBOR interest rates dominated the RMBS as mortgage loans interest rates.
• LIBOR interest rates also governed the majority of the derivatives contracts covering the ABS Market of which the RMBS are a subset.

The Derivative Market in 2008 was ~$83 Trillion, with JPM libel for 57% of that market.

Remember that the FDIC is suing the Big Banks on our behalf.
WaMu was by far the biggest bank in receivership. Then I believe was IndyMac at about 1/10th of WaMu.

Plus WaMu was solvent as the books and the TPS Exchange Event proves.
Yes the Examiner agrees with Me.

• 41.6 “Willful Misconduct” is JPM’s admission of guilt of RICO regarding WMB.

• LIBOR Discovery is going forward.
• LIBOR “upstream issues” regarding Currency manipulation coming soon. A criminal charge for the Big Banks.


IMO,
The FDIC has a lien against the Retained Earnings of north of $25 Billion 75/25% distribution. Satisfies Class 19 with a great big bonus. Covers all passed interest payment losses.
That lien is the only reason I have for why we haven’t seen this RE money.

• ~2.2X for Series R besides the RE. ~4.7X in total.


LIBOR settles the Final Bill for WMB and it’s assets for JPM to pay!

LIBOR is adjustments/corrections to interest rates and penalties for Currency Manipulation.
I’m not expecting big numbers from LIBOR as a interest rate adjustment, but the resolution is very important.

Then the FDIC can start dividend payments to the WMI Estate and close the Receivership.



Ron

The Last Needed Valuation of WMB is LIBOR.

WMI/WMB securitized $2 Trillion in RMBS according to the FDIC that is all based on LIBOR interest rates.

LIBOR resolution is the last needed valuation of WMB for the FDIC to bill JPM for the Final Payment for WMB and it’s assets to WMI common shareholders.

Both Mary and Rosemary ruled correctly.

The Bottom Line.
WMB was solvent.
The $4 Billion of the TPS Exchange Event proved that WMB should have not been Seized!
Yes the Examiner agrees with me!!

Both the TPS Exchange Event and the Turnover Litigation returned to WMI. $7.9 Billion that paid the bills.

The Equity Classes rule and will be paid.



Ron

No, That $4 Billion Came Back.

Both the TPS Exchange Event of $4 Billion and the Turn Over Event of $3.9 Billion was returned back to WMI

All well documented

JPM and the FDIC lost.



Ron

Correct! Bankruptcy Protection.

Friday morning WMI/WMB would be protected.

SB referenced that there is a leak regarding the banks seizure and therefore seized on Thursday night before WMI could file for Bankruptcy Protection.

Remember the letter sent to SB and others regarding the FDIC plans on the 24th? Seizing WMB as a solvent institution would be unprecedented.
$10 Billion was scheduled to be on the 30th.

WMB-fsb had WMB covered.
WMB-fsb had $40 Billion in cash on hand to support WMB.
The FDIC had no legal authority to order the OTC to place WMB into receivership because the Parent, WMI is a Holding Company rather than a Bank Holding Company.
Big Difference!!

WMI Corporate Structure;
Two Banks that had the obligation to cover the other.
And that is what WMB-fsb was doing.

JPM and the FDIC lost!



Ron

JPM Settled With the First Discovery Document Filing.

Trials have too much exposure to criminal activities and jail time, or a “Willful Misconduct” (RICO) ruling for Treble damages for Currency Manipulation.

Yes the WMB Notes are LIBOR interest rate dependent.
Same for the Series K.
Same for the Derivative Market that insured the ABS market.

The FDIC is suing the Big Banks for Currency Manipulation that reduced the LIBOR interest rates and reduced the profit of the other Banks that were seized.



Ron

No , It Was $17 Billion That Was Withheld.

On September 14th 2008 JPM was broke and was unable to fulfill their commitment to Lehman’s.

“Mark to Market”
Lehman’s and JPM had an ongoing agreement that JPM would loan Lehman’s the money to close Lehman’s books “Mark to Market” at the end of the day.

Lehman’s was therefore unable to close their books and was forced to file for bankruptcy on the 15th.

What happened in 2008 was a Derivative Market Meltdown, and JPM was the main player.


Ron

Accumulation of Interest Payments is Very Expensive.

Think; interest on penalties payments.
This is akin to compound interest, not compound interest and it’s not simple interest.

THJMW has set the Precedence in a previous ruling.
Interest on the penalty is additive to the next payment.

I’m confident that JPM and BoA are doing the math on a settlement point because of the accumulation of interest payments is getting painful.


LIBOR is all about settling the Derivative Market Meltdown of 2008 when the Derivative Contracts writer’s ran out of money to cover the ABS insurance contacts. This market was based on the LIBOR interest rates that JPM, BoA and friends manipulated.
A criminal offense.

! Money for Releases!



Ron

Again; It’s All About The IRS and the W-9.

We submitted the W-9 IRS tax form to release JPM’s BOD for “Willful Misconduct” in 41.6 of the Plan. The GSA is imbedded in the Plan. The Dual Track is imbedded in the GSA (pay attention AZ!). JPM ‘the intervener’ lost. Hence; 41.6 “Willful Misconduct” in our Release with the W-9 filing with our Brokers.
JPM settled with the WMI Estate in the GSA/Plan, resolving The Dual Track and and other property returned to the WMI Estate. $7.9 Billion.

I’m good with numbers, the numbers/accounting reveal the story.

The Discovery Document proved that JPM was guilty of RICO.
JPM settled fast to avoid further litigation from a Court Ruling.

The Equity Community Presentation proved to the Court sufficient assets to satisfy all Creditors claims against the Estate, plus generously rewarding Class 19 at 2.1X recovery in the February MOR as Retained Earnings. YES! Retained Earnings. Documented!! (Pay attention AZ). And Accorded for.
Class 22 has satisfied Class 19.
That is why Class 22 survived.
Class 22 proved to the Court that Class 19 would be generously rewarded.
DONE!

I have only heard noise and opinions with NO FACTS.
No one has proven me wrong.

Plan 6 Liquidation Trust set aside funds in the Plan 7 LT to satisfy Creditors.
DONE!

The Plan 6 LT still has assets for the owners of the WMI Estate.
Yes I’m right!


Released vs. non-Released;
?? So JPM is expected to settle two very different parties equally for “WMB and it’s Assets “??

No Release, No Participation.



Ron

It’s All About The IRS and the W-9.

We submitted the W-9 IRS tax form to release JPM for “Willful Misconduct” in 41.6 of the Plan. The GSA is imbedded in the Plan. The Dual Track is imbedded in the GSA. JPM ‘the intervener’ lost. Hence; 41.6 “Willful Misconduct”.
JPM settled with the WMI Estate in the GSA/Plan.

The Discovery Document proved that JPM was guilty of RICO.
JPM settled fast to avoid further litigation from a Court Ruling.

The Equity Community Presentation proved to the Court sufficient assets to satisfy all Creditors claims against the Estate, plus generously rewarding Class 19 at 2.1X recovery in the February MOR.


Released vs. non-Released;
?? So JPM is expected to settle two very different parties equally for “WMB and it’s Assets “??

No Release, No Participation.



Ron

Both JPM and BofA are Rising Cash.

2008 Derivative Market of $83 Trillion;
JPM 57%
BofA close to 30%
And both very busy manipulating the LIBOR INTEREST RATES.

In my understanding; The Trusts assets are liquidated back to the originator of the Trusts, JPM/BofA.
Now that J/B holds the trust assets, then J/B offers loans back to the trust holders.

Just study Debentures for yourself. I did!

JPM/BofA needs money at this time.
Liquidate the Trust and use the assets for collateral for the loans. Therefore raising currently needed money.

WMB/LIBOR.
JPM lost the Dual Track as an ‘intervener’ and the FDIC is required to enforce the DC Court Ruling against JPM.


Merry Christmas to all,
Ron

“Willful Misconduct” is The PROOF!

The Discovery Document forced JPM to settle.
Then came the GSA.
The DC Dual Track established what JPM is to pay. Full book value for WMB and it’s assets.



Ron

LIBOR is in the First Level of Discovery.

Taking place currently. Doc; 3921.

4/4/2024 is the next final date to file the next level of discovery documents.

Then October relating to “Upstream Issues”.
Hence; The Derivative Market Meltdown of JPM and BoA.

IMO; the Discovery Documents will never see the sunshine of a public court document that we can read.

JPM and BoA are looking for a settlement because they have to.

We are not the only ones that lost money and property back in 2008.



Ron

JPM/FDIC lost in The Dual Track as ruled upon in DC Court.

The Court determined that JPM is to pay full book value for WMB and it’s assets

You released JPM for “Willful Misconduct”.
That is the proof that JPM lost.
The discovery documents of JPM proved JPM’s RICO charge and the FDIC’s 5AT.

The release is only validated upon payment.
Officially JPM is NOT released yet.


75/25% is NOT GLOBAL.
75/25% only relates to the Retained Earnings of about $25 Billion.
~2.5X face value for Class 19.



Ron

WMI Sued The FDIC For $307.2 Billion.

DOCUMENTED!

Remember 5AT in footnote 2?

DOCUMENTED!

JPM/FDIC lost in The Dual Track as ruled upon in DC Court.
JPM is to pay full book value for WMB and it’s assets.

Current FDIC number; $299 Billion for WMB and it’s assets.

We released JPM for “Willful Misconduct” {Civil RICO} which can be settled with a Monetary penalty.



Ron

What is the Case Numbers for What Hold2wn is Watching?

I would like to follow along.

I have seen BofA and JPM names regarding these two cases.
“Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB.”

“In re: Libor-Based Financial Instruments Antitrust Litigation
Court Docket Sheet

Southern District of New York

1:2011-md-02262 (nysd)”

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



Ron

Pushback From The little lo is a Good Sign

LIBOR is nearing completion.
Yes we see dates well into the end of 2024.

Discovery and Criminal prosecutions is the next phase.


Settlements and payment well before the Criminal Prosecution’s hit the Docket.


Ron

“Upstream Issues" Part 2.

I believe that the count of JPM executives that somehow ‘died’ related to their LIBOR manipulation is around 22 people.
The BOD set’s the tone and the criterium for their employees.
Yes the BOD is responsible.

Pay up JPM and BofA.


Remember the London Whale?

Dead or alive?…


I don’t write the news.
Just my opinion from reading Court Documents.


Ron

"Upstream Issues".

Upstream Issues are Criminal prosecution.

It’s in the documentation.


3959-3960;
“Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB.”

Follow the case numbers.

From 3921;
“The parties are reminded of the October 4, 2024 deadline to file summary judgment motions related to the alleged suppression of LIBOR and/or any conspiracy to suppress LIBOR (the "Upstream Issues"). See ECF No. 3687 at 6.”

Now see 3687.
BofA and JPM and same case numbers.

Yes The FDIC is a OTC Plaintiff


How this will play out for the Defendant’s.
Like the final see of “Reservoir Dogs”.
Who will/is shooting who first?
The only solution to keep the employees from ‘ratting out the Boss/BOD is for the Boss/BOD is to settle fast before Discovery gets ugly.


Settlements become the framework for the next settlement.

We will probably never see the Upstream Issue litigated.



Ron

LP; Of Course it Won’t Be Worded That Way.

The LIBOR Docket is nearing 4,000. I don’t have the time to go and look back at very early documents.

S&G is the OTC Plaintiffs council. The FDIC is a plaintiff representing seized banks as the receiver.

Close enough of a connection for me.

As I said; S&G took control of the Original Liquidating Trust that held the Claim against the FDIC for WMB and it’s Assets.
IMO, S&G is still protecting the interest of their client.
WMI Stakeholder are still there!
W-9 filed.
😁



Ron

The Equity Community’s Council Took Control of the LT.

S&G, The Equity Community requested control of the Original Liquidation Trust created before the creation of the Plan 7 LT for Creditors.

The Equity Community was granted control of the original trust which held WMI’s claims for WMB against the FDIC.

The FDIC is representing WMI on WMB’s behalf, and S&G is representing the FDIC on WMI’s behalf.

The OTC Claimants!
The FDIC is a Plaintiff as a Receiver.

The CDS, Credit Default Swaps LIBOR insurance interest rates where manipulated by the Big Banks that wrote the contracts.

JPM, BofA will pay.



Ron