Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Was "snookering us" into signing releases pre-meditated? If so, who were the main culprits in "snookering us"?
That is an interesting and fairly inspiring comment.
Large Green, is this a direct quote by Walrath, "what are you worried about as you will be riding the Hedge Fund's coattails"
If so, has anything changed that makes that less likely now?
Have the Underwriters and/or Hedgies received anything substantial, yet, in compensation or distributions?
Thanks. It's still not completely clear to me their function in this ordeal.
Somebody please tell me the connection between the underwriters and our escrows. What did the UWs do?
An audit of those assets may be warranted in the future.
Who will the hedge funds go after if there are no more distributions by the end of March 2022? Especially, if not of the fair and reasonable variety.
Will any of these court-sealed documents ever be released? Possibly, if it's determined, officially, that there are no further distributions coming.
"But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets".Did a neutral third party ever investigate retained assets? If so, what was their report?
Has anyone heard any comments from any hedgies on the current possible fate of escrows? If not, wonder why they remain silent. If no further distributions, They stand to lose a lot of what they probably felt they could have received.
Wouldn't it be nice if Bonderman, Tepper and Savitz came out this week with a similar forecast to inspire hopefuls?
Be nice to hear from Bonderman, Tepper and Savitz regarding their take on the current escrows/distribution situation. Is there a way to check with any of them about this?
newflow, please elaborate on this. Who requested updates for whom?
That's why a conclusive statement from Willingham is needed. Good or bad. If he's not restricted by a gag order. Why would he be restricted anymore, anyway?
It will go to $90 much sooner if escrows get a "Fair and Reasonable" distribution.
Does Willingham have a "gag order" to not comment on the status of escrows/distributions? If not, it seems like it's time for him to make a statement about this. Good or bad.
lodas, Dimon and JPM were gifted some big time WM billions for a pittance. Did they pay fair value? If they did, when and where and who got it?
Has the FDIC not been released?
Wonder if the big boys with "deep pockets" are going to take this to court if no further escrows distributions by the end of March '22. That may be the reality of what will need to happen. Any thoughts on that possibility?
They may not be a bad suggestion. It sure wouldn't hurt.
I hope it doesn't come to that. But to get "fair and reasonable", those with some resources may need to pursue this in court.
Thanks for the clarification. I thought they also were referring to some families. Please correct me if I'm wrong.
I'm referring to someone,I believe at JPM, stating that some are possibly heading for "rarified" status.
I sure hope the escrows distribution theory plays out by the end of March. However, I suspect it's going to take those that could be in "rarified" territory to hire some top legal forces to try to get "fair and reasonable".
Right now and for a long, long time, in addition to the paltry distribution we got. $1/per escrow share would be much better than $0/per escrow share. Agree? By the way, I sure hope you are right about substantially more possibly coming our way.
What is the very least you would consider somewhat "fair and reasonable"? $1 cash/per escrows share maybe.
Let's go, fair and reasonable for escrows. How does that sound?
So are escrows about to be extinguished from our accounts? Or are distributions on the way fairly soon? I've seen both speculations.
I ask again. Who got/gets the fair value JPM, supposedly, owed/owes for the WM assets they got? How do escrows holders figure in to that payment? Is this separate from the Trust distributions escrows are supposed to be getting?
These are pertinent issues for escrows. IMO
Who got/gets the fair value JPM, supposedly, owed/owes for the WM assets they got? How do escrows holders figure in to that payment? Is this separate from the Trust distributions escrows are supposed to be getting?
Bottom line. Where's the "meat" ? I'm still skeptical for any further distributions coming back because of all the silence and lack of transparency over such a long time. Is it just me? But if nothing comes back pretty soon with no explanation.The best chance may be these escrows holders that are, potentially, in "rarified" territory, according to JPM, pooling their resources and take serious action in court. Seems like they would be the ones that really could bring some "light" to this.
How many escrows does Willingham have? Are his in class 22?
Could a complete audit of what JPM got (and what they didn't get) in the WM deal still be ordered? I'm pretty sure it would take some intense pressure from a quality law firm.
Very good question. To me, the seizure of WM and the subsequent awarding it to JPM for a pittance is the greatest abuse of power I've ever witnessed in the USA. And no one with authority seems to care. It's shameful to witness this to have happened in the USA ! Be proud bureaucrats, for an apparently "legal robbery".
Sad but true. These large escrow holders that could stand to gain rarified financial status need to "pony up" now for legal challenges to get some "claw back".
I thought I've read a number of times that JPM is required to pay "fair value" for the assets they received from WM. Was I mistaken?
But when? Why is JPM allowed to continue to delay paying "book value" for the WM assets they acquired? Seems like that 30 Billion surprise they admitted finding needs to be paid for, too.
Nothing further is likely to come to escrows until JPM and the FDIC are brought to court and forced to paying fair value for the WM assets and escrows getting the "fair and reassonable" they were promised. It's as simple as that. The potentially. "rarified" folks are going to need to step up.