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We need to find out what was meant by "Fair and Reasonable". Who said it? Let's figure out a way to ask them.
Who are the main culprits in this? And can anything be done to hold them accountable? Someone, please refresh my memory, who suggested that the "releases" for escrows was "Fair and Reasonable"? Should they be held accountable for uttering that prediction if proven to have been misleading?
Did we already have our "Fair and Reasonable"? If so, I must have missed it.
I wish "Fair and Reasonable" would have been spelled out. Instead of just making a blanket statement. It sounded good at the time. But nothing even close to that has resulted.
If that's the case, why can't there be just a simple general statement justifying their fees? Also, shouldn't they be subject to a audit report? What's that all about? I hope I'm wrong, but something smells "fishy" to me.
lodas, this seems like a different situation than that. Former Washington Mutual shareholders and, now, escrows holders have been through some arduous, trying times and deserve some feedback and guidance from those "in the know". Where is "fair and reasonable" in all of this. Was it a facade?
Could somebody help me understand the need for what Large Green posted regarding the A and M secrecy? LG posted, "under the cover of legal-darkness without showing any type of records or explanation to what they managing".
I am very suspicious of the "cloak of secrecy" surrounding this.
Is there any legal way to force LT or A and M to reveal, exactly, what A and M is doing to earn the kind of fees they have been getting? What's the purpose of not revealing this?
I agree. Why no accountability? There should be an explanation for the specific services rendered. It only makes sense.
What are all these fees for? That's the $86B question.
Has HJMW ever indicated that there could be assets coming to escrows post bankruptcy? Possible assets that were not subject to bankruptcy. And what was that 24B that Nelson let slip in court possibly about? Wasn't he scolded by HJMW for that?
I'm talking about assets not a part of bankruptcy.
Large Green or anyone, has Rosen ever said anything that even remotely indicates there may be money coming to escrows post bankruptcy?
Isn't the WMI estate paying A and M to manage such trusts? Or am I mistaken? If not, who is paying A and M for what?
What's the latest speculation on when Escrows are getting paid?
Large Green, when do you anticipate distributions to start to flow? Will it be a lump sum or, possibly, quarterly? What are your thoughts on that? Thanks.
That being that case, where is all this compensation coming from? How closely connected is this compensation source to escrows, potentially? Or, possibly, sources. I'm just trying to see a possible correlation.
Approximately, how much have those with "fiduciary responsibility to the beneficiaries of the Trust" been compensated? And where does their compensation come from?
No doubt there are billions that escrows could be entitled to. The bottom line is getting paid. Many roadblocks have and continue to prevent "the bottom line". It is frustrating. As frustrating as Washington Mutual being seized in the first place.
Boris, your effort is much appreciated. I agree with newflow, a letter of inquiry, shortly, to the trusts concerning the status of escrows payments wouldn't hurt.
It would be nice if Susman were still involved in this case. Just for the purpose of oversight. Is there any documentation for review that Susman "suggested us to vote for the plan, and that there will be a fair and reasonable recovery"? That would be reassuring to me and many other weary escrows holders.
What's the deal on May 1st? Is there anything that might support that as a potential distribution date?
Has Rosen made any comments RECENTLY indicating there is nothing for equity?
What's holding up our escrows distributions?
Somebody, simply, needs to have the power to hold some important participants accountable to at least addressing the escrows issue. If not, I don't see anything more for a long, long time. Have we been HAD?
Good point, 'zeke.
I'm pretty sure they do and probably could use the NOLS. But it's out of their realm.
Where's COOP's price appreciation to match the EPS? Believe me, I'd LOVE to see it. I just don't understand COOP's SP performance. Shouldn't it be better considering the strong EPS? What's holding it back?
I've never seen Cramer more BULLISH on a stock than he has been on DELL, recently. Considering the way COOP "lollygags" around and hoping for any escrows recovery is like "watching paint dry", it's nice to hear/see something with such positive dynamics. Dell having ties to both EMC and VMware could be special.
I'd be buying DELL if I got some escrows distributions. A fabulous company that's fairly reasonably priced. It's been up over 5 % today after Cramer's recent interview with Michael Dell.
I have suspected that might be the reason the hedge funds haven't seemed concerned.
Why haven't the hedge funds applied more pressure after all these years? They can't be pleased with this long, drawn-out process. I really thought we were in pretty good shape for a distribution riding the coat-tails of the hedge funds.
Boris, I wonder if any of those young, rebellious liberal Congresswomen are aware of the WM seizure and the aftermath? If any escrows holders are their constituents, I would consider calling it to their attention.
Boris, care to speculate on "interesting"? Could Class 22 be addressed as early as this March?
How many of you would be happy to get $1/escrows share just for the relief of actually having it over with after all these years? I'm not so sure the hedge funds would be thrilled to get $1/escrows share after all these years of waiting.
So Rosen has really helped escrows?
Large Green, thanks for delivering info about this important development. What has to happen now before class 22 gets addressed? Do you have a realistic timeline?
Boris, what has to happen now before class 22 gets addressed? Do you have a realistic timeline?
Sure hope that answers my "But WHEN ???".
But WHEN ???