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Whether it's on a Thursday or a Friday, it doesn't matter, as the taxpayers' hard-earned money was protected in an exemplary and heroic manner in both cases. Read the 2013 WMIH 10-K, check out our great charts, trade options or get a day job if you need money! Move along, there's nothing more to see here!🤣
Well, if the scrap was sold, WAMU cannot have incurred any losses from it, at worst a small amount in servicing fees
Well, it has given us all a bit more clarity
Alice tapped on the bushes to see where the snakes were moving. As a bonus for her work, she collected a statement from a lawyer👍
Every holder of COOP shares should be interested in the future prospects of COOP, and this includes the wonderful opportunities arising from WMI's old assets. It would be counterproductive to deny this, unless you want to secure as many COOP shares as possible at the lowest possible price.
Then tell that to the person who asked!
36,000,000 COOP shares / 1,200,000,000 escrow shares = 0.03 COOP share per escrow share x 73$ = 2.19$ per escrow share
No battle has ever been won with defeatism, let alone a war!
Those of the "losers" who continue to fight, even though they supposedly have nothing left to win, do so for their descendants so that they can one day live as free as possible from the poison of lies, some of them for more than 100 years. The supposed "winners" hate this and they bait the rebellious "losers" with all kinds of enticements from their oh-so-great world of "winners", such as the oh-so-great options trading or other breadcrumbs. "Look how great our world is, you can even fight with your brothers for a few breadcrumbs as long as you leave our cake alone. Then you'll be a winner too", hissed the snake ...
GoGooooooCOOP!😁
When we berate Sheila Bair, we do her an injustice, because the title of her book, „Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself“, proves that she was actually on our side, protecting us from that diabolical club on the East Coast, Wall Street. In fact, she did something good for us, because money corrupts character! She saved our salvation by taking the money away from us and to the East Coast, which was unmistakably an active fight against Wall Street with our money.
Indeed, life is much easier with empty pockets, the pressure of responsibility disappears, you can float above it all with relief, almost like an innocent angel. Yes, it feels wonderful, almost heavenly, when you can let go, almost divine. We should be grateful to Sheila and repay her for our salvation by lobbying Pope Francis for her canonization. Let us not wait much longer, let us send a delegation of saved souls to Rome and ensure her eternal remembrance🕊
Hallelujah!
GoGooooooCOOP!
Yes, I understand on whose corpses this new COOP board should be built, but many of these WAMU- Corpses are (unfortunately😭) still alive. Those who want to adorn themselves with their legacy will unfortunately have to wait a few more decades. We can only hope that Lodas&Co. also live long enough to fend off these zombies💪
Should the term "WAMU" no longer be valid only for the owners of WAMU?🤔
You're right, launching conspiracy theories won't help us. We should rather wait patiently instead of attacking the void in the hope that we will land a lucky strike. Instead, we should practice humility and not tempt our fate 👍
It's strange that "Woodway" of all things was chosen. According to dictionary.cambridge, "out of the woods" means "not having a problem or difficulty any longer".
Just saying, in our case, mysterious terms were often used, such as Eclipse, Paladin,(magic) Wand...
So, you have learned that the big thieves are always allowed to do everything with impunity and that they therefore not only deserve respect, but that you should also bow to them in humility. In other words, give the emperor his due and leave the church in the village😃
What, you're complaining about financial Storytelling here because you are now also affected? This is pure kindergarten compared to the audacity and methods that other victims have had to deal with for many centuries, especially during the last century. A comparison with the Inquisition might not be appropriate in all respects, but in "more modern" methods all the more so. In your learning curve you should not be satisfied with a linear progression, but be prepared for a stressful, logarithmic progression, because you have been committed to morality for centuries since childhood, while unfortunately there is also the absolute opposite ...
What must come has been hovering on the horizon since ancient times. Well, you know, Gog versus Magog, Armageddon, all the self-fulfilling prophecies that have to be fulfilled for the Savior to come. A lot has been invested so far and the circumstances now look favorable. If you want to bet on it, you should seize the opportunity😁
You'd better be prepared to wait until 2026 at worst. Quote: „Summary judgment motions are due 4 October 2024, and the Court anticipates deciding those motions in the summer of 2025, after which time it will set a further schedule and a trial date.“ (#721914)
They say quite openly what they are here for: They are the "victors" (#722402) who keep the lid on to ensure that as much and as thick grass as possible grows over the circumstances of their victory. And who has benefited from this victory should no longer be a secret ...
Yes, JPM is the hero, the knight in shining armor, who was supposed to pay for the alleged losses of WAMU. LOL. A nice fairy tale to distract from the fact that the packages of bad MBS were fraudulently rated and sold to Europe and China. The considerable damage was done elsewhere, not in the USA! But it's nice to be able to present the world with a few scapegoats afterwards, including WAMU, to cover up the politics behind it and avoid straining international relations😉
The US has benefited from this by creating more housing and thus keeping rents low, while at the same time weakening competition in China and Europe through bad MBS. (Remember, a worker in China doesn't pay $600 rent when the most he makes is $600). It kept the US more competitive. The solution to this problem was actually set in motion during the Clinton era …
„By their fruit you will recognize them“😉 (harassing fire)
I'm afraid you'll have to wait another 2 or 3 quarters before COOP pays its first dividend. With a service portfolio of 1 trillion and the relatively small number of common shares, COOP's stock will become a very interesting value and the price should go up significantly. Assuming a service fee of 0.3% per year, that's about $40 per share per year. If $10 of that is paid out as a dividend, COOP's stock should still be a lucrative investment even at a price of $100. (Just a rough example calculation)
BOB, we are certainly more than supposed beneficiaries, (although our shares were cancelled), because WMI is also still a legal shareholder, although it had given up its shares to enjoy the NOL's.
This can be deduced from the following sentence: „Therefore, it is unlikely that any distributions will be made to WMI or its successor on its claim as sole equity holder of the failed bank“
(WMI, as sole equity holder of the failed bank)
Newflow, don't worry, because the bashers are still hard at work here, which is a positive indicator. So there is still something to hide, something to distract from.
These are probably not the only inconsistencies. I also do not believe that he is of Albanian descent, as he once claimed, because the Albanians have a decidedly strong sense of justice and have always fought sacrificially over the centuries against liars, cheats, thieves and oppressors, even though they were vastly outnumbered and almost without a chance. Neither the Turkish sultans nor the Bolsheviks in World War II could break their spirit, and even now many of them are fighting in Ukraine against the Bolsheviks' claim to world domination. It is therefore hard to believe that one of them has allied himself with evil and is now conspiring to cover up a gigantic crime in the financial industry. Any profiler would conclude that there is a lot that doesn't add up …
It even rhymes delay
to the shy word pay.
Delay, delay, the matter will go away,
that´s like the globalists like to play.
Eagle Dimon open the talons,
small vultures are not felons😅
The contemplation of the sense objects stimulates the thinking, thus promotes the being, which in the ideal- and normal-case stimulates the striving of the human being for the perfect.
What do you think why the Soviets have given large sums of money to the gurus to let them confuse the Western youth with destructive theories? Why do you think aesthetics is considered fascist nowadays in the West, in a negative sense? (Rhetorical questions) ...
It's good that you bring up the subject of time. Quote: "Time is precious and passes faster than light ..."
The local time of an observer cannot be faster than light. You probably mean the relative time of the "mass" of an observed accelerating object, which, thanks to the quadratic function (C^2), moves more and more into the future as the speed of that object approaches the speed of light. But if the observed object moves away faster than light ("time passes faster than light"), would it move into the past, relative to the observer?
I ask only because some are of the opinion that the relative time of the observed object can become negative only if the "mass", i.e. the resistance against the acceleration becomes negative.
Finding that out would be important for us because then we could possibly travel back in time and then buy more shares of COOP. But Schrödinger's cat we leave out rather, because she complicates only everything, LOL
In my case, the LEHJQ escrows were never removed, but as far as I can recall, in the case of the LEHJQ, there was a specific one court order that only pre-seizure holders were eligible for payouts.
You are right Lodas, this shameless rebellion here must be stopped and we shameless rebels should forget our brains, get a job and live only from our hands work, as it should be! Only good that you are leading by example and earning more money with your hands than with your mind. We can see that you are not lying, since you hardly have time to post on iHub because of all your physical work😅
What, there are many „volunteer“ fighters here who want to convince us every day that we have the ass card, lol
Quote: „Claims against the reserve must be submitted in writing to the Liquidating Trustee.“
Since we don't know any of the addresses of the liquidating trustees mentioned, I guess each of us will have to contact Brian Rosen to be able to contact one of the liquidating trustees, as AZ has done. Does anyone here know if Brian Rosen is still with the Proskauer Law Firm?
Following AZ's idea from post # 714488 regarding the 90% rule, I come across a possible issue that could explain the delay in payouts so far, namely LIBOR, if Mortgage REITs are involved in our case. To clarify, REITs are generally required to distribute at least 90% of their taxable income each year, but if our case involves Mortgage REITs, the LIBOR dispute could be the explanation for why there have been no annual payouts to date.
Perhaps the interest rate manipulations that have been disputed so far have put the payout process on hold...??
REITs generally fall into three categories:
• Equity REITs: These trusts invest in real estate and derive income from rent, dividends and capital gains from property sales. The triple source of income makes this type of REIT popular.
• Mortgage REITs: These trusts invest in mortgages and mortgage backed securities. Because mortgage REITs earn interest from their investments, they are sensitive to interest rates changes.
• Hybrid REITs: These REITs invest in both real estate and mortgages.
It was a smart move on Alice's part to no longer directly address the hidden assets, as Justin Nelson had done several times at the time regarding the 30 billion; after all, she had learned from his negative experiences. No wonder, then, that you could have heard a pin drop in the courtroom in response; no answer is an answer, too.
Only POR7 & GSA,
that is not the USA!
Open-minded a Patriot should be,
diligent alone is only the poor bee.
Actually, this article is also further evidence that WaMu not only had servicing rights on $689.7 billion in loans, but had not sold all of the loans. Quote: " Loan losses on junk mortgages would exceed estimates, the regulators said ..."
It is undeniable that JPM had received the customer deposits and the 2239 branches as a gift, which was described as "Fair and Reasonable". But it remains unclear whether JPM may also record servicing fees resulting from servicing rights as a gift as well.
Yes, the effect of spamming could also be described as „monotonous and annoying“, but the tactical function on this board is rather to dilute the usable information density by superfluous information in order to make it as difficult as possible for the consolidation of our defense force, which has unfortunately worked well so far.
If our enemies were not afraid of losing something, there would be no ongoing disruptive actions here ; )
Yes, Lodas, you got it right, we are just the greedy vultures circling the sky all day looking for money that is not ours. No rights come with the purchase of our shares. Vultures, by definition, have no rights and, accordingly, no justice can be done to them, period!
Fortunately, there are the noble knights of justice, which of course includes you, who daily sacrifice their precious time to scare the vultures away from the prey that does not belong to them. The current empowered owners of the booty may consider themselves fortunate to have such self-sacrificing comrades-in-arms on their side, after all, someone has to restore calm after so many years of unrest by putting the noisy vultures in their place.
„Si vis placida frui praeda, vultures prius absterreas!“
(Marcus Aurelius)
Fred, the quote cited "... the FDIC dissipated WMB's assets..." can be found at the following link on page 3, footnote 2:
https://www.kccllc.net/documents/0812229/0812229101112000000000029.pdf
He is probably referring to Charles Edward Smith by "CES?", but it is unclear to me how our interests are now supposed to be represented by a foundation.
And, has the FDIC been prosecuted for this so far, or is this scary wording just to make an impression?