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This is something I can't understand about the escrows ordeal. If assets are there, and if they will, eventually, be distributed, why can't they just say that? Maybe with a follow up as to the procedure that needs to happen. But at least indicate that some assets are actually there and, eventually, they will be distributed. But so far, nothing. That's probably one of the main reasons many are now skeptical.
What is this best way to get the "low down" on the possible assets that are due escrows holders? And how escrows goes about getting the distributions they deserve if the assets are, indeed, there. It would be nice if some escrows-holders with a law background can step forward with some guidance.
So, where is that 24 or, possibly, 25 billion and why hasn't it been distributed to it's rightful owners as yet?
We could definitely benefit from 24 B in value. Now, more than ever for many.
Somebody please refresh my memory as to the Justin Nelson 24 Billion comment. What was he trying to accomplish with that comment?
So what did we get for signing the releases? Unless I missed something, no where close to "fair and reasonable". Was whomever saying that simply "blowing smoke" and hoping we would actually "bite"?
I see report after report from medical personnel claiming the combination of Hydroxychloroquine and Azithromycin seems to to be highly successful in diminishing the viral progress and damage Covid-19 has on victims. Often, limiting the need for respirators.
BRAVO, ItsMyOption ! It's time for some escrows distributions or some answers.
At least shareholders have a tangible idea of what's going on with COOP. Escrows, on the other hand, remain a mystery.
jhdf51, at what point would you want to get the lawyer involved? Do you have a date in mind if no further distributions for escrows are delivered? Whom would you go after?
Escrows holders, how do you feel about this Boris the Spider post #618608? Does it have credence?
I don't see how the distributions, if coming from safe harbor/trusts, have anything to do with the government.
Amended, does this mean that the government may actually help get us escrows distributions? "The Fed did exactly what the banks wanted...unlimited backstop or buying of all MBS and ABS from financial institutions".
Because of Covid-19, many escrows holders need the distributions that should be coming to them now more than ever before. Why can't somebody finally get these distributions to those in need? We've waited a painful amount of time. The bankruptcy holdup is not an excuse anymore. If it's to happen, it needs to happen now. Or were the "releases" just a clever, contrived hoax?
Trump needs to "cut thru the red tape" and order escrows distributions to be immediately dispersed. lol Only half way kidding.
We need some escrows distributions, pronto, to sink into the stock market values. What's the hold up?
Wouldn't it have been nice to have some escrows cash distributions to use to grab some bargains at present?
Large Green, that's nice to know. And I sure hope you are correct. Now what's holding up the distributions. I thought the bankruptcy was supposed to be holding up the distributions. Now what?
MONICALAW, I'm simply asking you to explain how the Liens against FDIC and JPM relate to escrows holders.
MONICALAW, I actually did know what the general term, "Lien" means. I was just hoping to get a little more specific input on how this might relate to escrows. ex., would FDIC and JPM be penalized somehow, for not contributing to the funds that escrows are legally entitled to from them? In other words, how does this Lien actually help/assure getting escrows distributions?
MONICALAW, please excuse my ignorance on this matter, but what does having the Lien over FDIC and JPM actually mean?
MONICALAW, so Rosen has NOTHING to do with what's going on with escrows?
Thanks MONICALAW for your input and the kind words.
MONICALAW, are you saying that you feel there are $600 billions PLUS coming to "P interests and Class 22" escrows?
I can't figure out why the future of escrows still has to be so secret. If there are no substantial distributions coming, why can't Kosturos, or somebody just make an official statement to that effect? Or did Rosen make that official statement already?
So that's how I "approved" this alleged "heist" of Washington Mutual by JPM? Not.
I would think somebody with some influence would be pissed enough to "open a can of worms" if JPM, indeed, came away with this kind of a "rosey" deal.
zeus, how in the hell did I "approve it"?
zeus, if JPM received all that for just 1.88 B plus another 50 M, it would be "robbery". If that proves to be accurate and it is revealed to the public, it would be brutal PR for the FDIC and JPM. Also, I could see some lawsuits coming from some hedge funds.
Has it been announced that COOP will be paying a dividend? Or is this just speculation?
fredscott36, wonder how much did JPM actually pay for Washington Mutual, it's real estate, etc.? In other words what JPM actually received in the seizure compared to what they actually paid. Why can't that be revealed by the FDIC? Is there any vehicle that could force the FDIC to be "upfront" about that pertinent issue?
Thanks ron. You seem credible to me. In your opinion, how much did JPM actually pay for Washington Mutual, it's real estate, etc.? In other words what JPM actually received in the seizure compared to what they actually paid. Why can't that be revealed by the FDIC? Is there any vehicle that could force the FDIC to be "upfront" about that pertinent issue?
ron, please give me your "bottom line' assessment of what could, realistically, be the asset amount that escrows could be entitled to.
ron, I sure like your numbers better. Some solid considerations. We just need some way to "get the show on the road".
Allegedly, weren't some that were busted for insider trader let off the hook by, somehow, agreeing to let commons participate in the spoils? That was very considerate of them. Now if it's proven that commons got "snookered" by this deal, could the punishment for insider trading be retroactive? Are they protected by contract, releases or statue of limitations?
Didn't Judge Walrath agree to "letting them off the legal hook" in order for shareholders to have a chance at retributions? If shareholders got "snookered" in this deal, could she re-visit the agreement? Or could a lawsuit be filed on behalf of shareholders? This could "open a can of worms" and create a lot of bad publicity for some.
Allegedly, weren't some that were busted for insider trader let off the hook by, somehow, agreeing to let commons participate in the spoils? That was very considerate of them. Now if it's proven that commons got "snookered" by this, could the punishment for insider trading be retroactive? Are they protected by contract or statue of limitations?
Didn't Judge Walrath agree to "letting them off the legal hook" in order for shareholders to have a chance at retributions? If shareholders got "snookered" in this deal, could she re-visit the agreement? Or could a lawsuit be filed on behalf of shareholders? This could "open a can of worms" and create a lot of bad publicity for some.
Nice post, Bizreader. Unfortunately, there doesn't seem to be anybody with the authority to "move it along".
jerry, I'm not sure if anybody on this message board actually knows any more factual specifics than you or I do.
Royal Dude, are you saying there could, conceivably, be some guidance for escrows come out of this Wells Fargo Settlement tomorrow? I hope you are on to something.
I understand. However, I know many search and find many documents regarding escrows. I was just hoping that somebody would have picked up an "inkling" about the possible timetable for disbursements. Frankly, the lack of any guidance on this after all this time, especially post BK, ain't a good sign. IMO. But when tempted to doubt, I do keep in mind, A&M had to have something to manage for all they got in fees over the years.
When AZ, when? "Nothing, Absolutely Nothing, will disrupt the future of our reorganized WMI, ... “COOP” ... not at this point going forward ... the oldco’, and the newco’, will be joined with a new shelf registration filing ..."