My broker had taken 600 shares out a couple years ago on a margin call supposedly and I was like, wait a minute, and he's like well you know I can you can get a bunch for you at a great price. I'd rather not say who my broker is, small one, I would just have people call around.
Happy Turkey Day and Thanksgiving to all.
If someone were to purchase one of the available domain names on that list ... one might find that someone is paying attention to changes in related business structures, especially if one were to make an offer for wamuinc.net.
There are many books and there are many renditions of many stories and they're all very dynamic, and here we are. Our life has not ended years ago and won't end soon.
Our imagination can lead us into a wonderful future if we can leave the fear behind.
Constant attacking one another with opinions and personal attacks are distractions.
There is a reason why great thinkers use great metaphors and don't get to bogged down and even the most a fantastic details. I'm my opinion.
You know if you want to surrender do it but it's not going to help. If you want to fight do it but that's not going to help either.
Again fighting darkness with darkness only creates more darkness. It's a metaphor.
I like that observation: the holding company had 1.88 billion on hand. Did I get that correct?
One of the primary protections the bankruptcy court provides is protection from repeat offenders. Not allowing WMII to salvage their bank network with their own cash seems prudent. Besides the whole thing had been sabotaged to cover indebted JP Morgan Chase.
Yeah we're just meandering through the fog.
If one reads that link about TruPS one finds out that the FDIC is kind of sitting on the fence on this type of security
Apparently, a 5-year window to succeed or fail encourages the FDIC to allow this as part of the insured estate. Seems a little weak.
I'm not sure how relevant this is but it occurred to me while I was reading that the foundational nature of this Purchase and Assumption Agreement has been the primary public facing operating agreement on which the bank reorganization moved forward. HOWEVER, ALL PARTIES TO THIS AGREEMENT HAD, AND STILL HAVE, MAJOR LEGAL BEEFS WITH IT.
From what I gathered I think it was breached very early on because there were questions that JPMorgan Chase wanted to sue about.
There were suits and counter suits having nothing to do with LIBOR at all. We are still arguing about it in the courts and on the boards. I just think that that's an important aspect of the reality because people say, read the paperwork, well we're still arguing about it.
This document changes it's fact reporting on the Receivership from the first paragraph to the last. Further, it was last updated in late 2020.
I'm entertaining the idea that it will be once again updated with different information about possible distributions given that in the last paragraph they refer to the Libory suits but don't really,at that time, know what the amounts are.
Speculating is, by definition, not knowing. Most of the speculation comes from naysayers who have posted volumes more than the hopeful and those certain.
One way to understand another is to repeat what they are saying and get a sense of how it sits in one's own mind.
When I read his stuff it feels desperate and void of relevant verifiable citations.
Has Lodas ever provided links or public records in original form to support his "nothing" theory?
Has directly and thoroughly debunked anything relevant.
His whole thing is like saying there are no hot dogs in the cafeteria today. And nobody's interested in hot dogs anyway.
"Legacy WMI common equity is the FDIC claim holder because the commons owns the parent corporation." This edit makes sense to me.
Further knowing that the FDIC won't close out until distribution I then find a incentive for distribution which I felt was missing.
I can't fathom what his days look like these days. Now, after so many years of prognosticating, it seems like a compulsive behavior at this point. It's not that I don't appreciate his efforts. Clearly there's a determination and the focus but I mean, you know, where's the beef.