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What about that 30 Billion in assets JPM admitted to unexpectedly finding in the rubble. Who is the rightful owner? If JPM, did they pay fair value for it? There seems to be some unresolved issues surrounding the JPM purchase of WM for that meager sum. It may need to be challenged and settled in court.
Frankly, the best hope for escrows commons having any hope of receiving additional distributions are these folks hiring a top notch law firm/firms to pursue their immense potential financial interests. "several hundred families that are poised to enter this rarefied realm". Since the FDIC isn't released, a court battle with the FDIC may be the only hope for more distributions. At least, some kind of "fair and reasonable" settlement.
I thought it was extended until March 2022.
With WMILT about to be dissolved. Are escrows now poised to not only receive interest on the trusts? But also the principal of the entire trusts themselves? If not, what will become of the trusts?
If there is truly this much money at stake. If WMILT is dissolved with nothing more distributed to escrows by March 22, 2022. I'd really be surprised if a reputable law firm wouldn't take the case of trying to get further escrows distributions on a contingency basis.
Frankly, I would think that, possibly, "several hundred families that are poised to enter this rarefied realm." would be interested in hiring a top notch law firm to pursue their immense financial interests.
lodas, I repeat this question to you, "you seem pretty confident nothing more is coming to escrows. What's your theory as to why WMILT was extended"?
lodas, you seem pretty confident nothing more is coming to escrows. What's your theory as to why WMILT was extended?
I'm hoping the information that's "under seal" is eventually revealed.
If the 30 Billion were challenged, who would rule on it?
What about the stuff that was "under seal"? Could that ever be revealed eventually? Would that require some kind of court order? I still feel, despite giving the releases, escrows needed legal counsel. And if it's determined that we are officially shut out. We probably still do. More than ever.
lodas, just connecting the dots. Are you indicating escrows will be permanently removed from our accounts in March '22? With all your escrows, if no further escrows distributions, do you really feel "fair and reasonable" would be attained?. Considering us, giving our releases. If not "fair and reasonable", would you advocate a legal pursuit of some sort?
lodas, if nothing more is even, potentially, coming for escrows, why do escrows shares remain in our brokerage accounts?
yep, I'd think, there is too much at stake for them to not pursue some explanation. I wish escrows commons had the resources that hedgies have to pursue this.
To me, the hedge funds silence has been a strange phenomenon throughout this tiresome ordeal. Especially, in the latter stages.
You feel the hedgies just gave up on all that money without a fight?
The hedge funds sure have been quiet throughout this ordeal. At least, I haven't noticed input from them.
I feel it's a legit question. Where are the hedge funds now in relation to any further escrows distributions. Don't they have a massive amount of money to gain or lose? How do they view the situation right now? Do they feel we'll know something by March '22? Like the theory being "floated around" here? It would be nice to hear something from them.
Have the hedge funds involved in this ever commented on further distributions and the long wait? Or did they just accept Rosen's proclamation without even a whimper?
I'm hoping the assets that could provide escrows further distributions were bankruptcy remote. Some have speculated they are. Do you not see that as a possibility? I guess we'll find out by March '22.
As long as escrows are still showing in my account, I still have some hope. As little as that hope might be after all these years.
So did those hedge funds just "roll over and play dead" then?
Question, are some hedge funds still waiting for further escrows distributions, too?
My main point is $1/escrow share would be better than nothing else coming. Agree? A nice ratio of COOP shares per escrows would be nice, too.
That last point is probably something that would need to be investigated and addressed to by a quality law firm. I'd be surprised if at least one good law firm wouldn't take take on that challenge on a contingency basis.
Where and when did the hedge funds say no money is coming back? If that, indeed, happened, I must have missed that. I do wish they would say something regarding how long they've had to wait for their possible handsome return.
A distribution of $1 per escrow would be much better than what we now have. It wouldn't be "Fair and Reasonable", but it would help pay some bills.
So why all the speculation about distributions on the way?
Why can't Willingham tell us if anything more will be coming to escrows? Or if nothing more is coming our way. Seems like he ought to know something.
Let's face it. escrows commons need an outstanding lawyer or firm to sort things out and help make sure escrows get what's coming to them. And to, at least, expedite the process of letting escrows commons know where they stand. Good or bad. This probably should have been done a long time ago. But, better late than never.
How does this apply to potential escrows distributions?
"Several assets that weren’t included among many liabilities and also the receivership is not closed and still trying to maximize to the benefit of the estate."
Interesting, indeed.
At what point does the FDIC become susceptible to a lawsuit if no Fair and Reasonable is determined by escrows holders? The way I understand, th FDIC was not released. Would any other party that was not released be subject to a lawsuit?
What happened to the 75/25 split?
Somebody please clarify this for me. Are there hedge funds that are holding escrows commons, that are waiting like many of us are to see if we get any further distributions?
I agree. The secrecy surrounding escrows, positive or negative, doesn't add up. At least, not yet.
lodas, why are escrows still showing in our accounts?
If no Fair and Reasonable by March, national exposure would be warranted. Probably would have been helpful before now.
Also, since they acquired Washington Mutual's assets and debts, isn't JPM obligated to pay back the loan the Holding Company made to Washington Mutual? What's the deal on that?
Are you speculating that the powerful hedge funds got shut out of future distributions along with commons?
I wish there was an accomplished, wealthy attorney that is a huge escrows holder. That has had enough. And decides to get involved in getting some answers. I would hope the hedge funds holding escrows would have that in mind, as well.