Washington Mutual Mortgage Reinsurance, Inc. - stock holders won in this major bankruptcy case.
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No mention... that's your conclusion after all that?
I mean I take away from that: number one; confusion, number two; admitted obscure records, number three; complexity, and for a grand slam, home number four; it's is clearly undecided.
Did or did not the FDIC fully liquidate Washington Mutual Incorporated?
According to AI they did. But, it also said just because it was liquidated doesn't mean much except that it was liquidated. May very well be it was mostly liquidated or it was liquidated publicly but there's some private stuff that never had to be liquidated. So anybody who thinks they know what's going on really doesn't except for those who've actually produced evidence of existing bonds basically with our name on them.
Disclaimer
This is what I'm thinking up to now. It may not be correct, it may be misleading, but this is the best I can do to state the situation accurately and simply.
The key here is the remote assets of Washington Mutual Incorporated were mentioned in court and are currently being tracked according to stories here on the board. There's also reason to believe that there will be a stock issue so as to legally, and fully own, all the assets. The corporation that is going to realize the full value is completely new, though the name maybe similar it is not the same. Nor is it in banking. It isn't financial services which you know again it's irrelevant because it's not the same corporation. The realization of this value is what we are coat tailing.
"Dual track bankruptcy proceedings in the state of Delaware are common when there are two corporations who necessarily need to file for reorganization. Give me an example of six of these on record that you can find.
While Delaware courts do see a high volume of Chapter 11 bankruptcy filings due to its business-friendly laws, dual track proceedings aren't exclusive to situations involving two separate corporations.
A dual track proceeding allows a company in Chapter 11 to explore both reorganization and sale as options. This strategy is increasingly popular because it can help maximize value for the company's stakeholders.
Here are some examples of companies that have utilized dual track procedures in Delaware bankruptcy court:
* Skillsoft Corp. (2020): The eLearning company filed for Chapter 11 with a prepackaged plan and a potential sale transaction in mind.
* Indianapolis Downs, LLC and Indiana Capital Corp. (2011): The racino operator pursued a sale while simultaneously negotiating a recapitalization plan with creditors.
* Yellow Corporation (2017): The logistics company sought court approval to assume certain leases while exploring a sale process.
Unfortunately, publicly available information on the specific claims between the FDIC, Washington Mutual, and JPMorgan Chase during the bankruptcy proceedings is limited. Legal research databases may contain these documents but often require paid subscriptions."
The AI went on to say that the FDIC liquidated the Washington Mutual Incorporated assets. This is called an unsuccessful reorganization because as far as AI knows Washington Mutual Incorporated is no longer and going interest. Even said that it may have it's EIN number may have been reassigned.
So the cover up is clear, the information is inaccessible and it's inaccurate to at least some level.
Further ideas on prompts would be would be great.
I think the mention from the AI about liquidating assets of Washington Incorporated is from the FDIC records which could very easily be somewhat misleading for the purpose of their unfinished business. That unfinished business, unsettled lawsuit, and litigation including the Libor suits add unknowns for the average observer.
The following is the AI essentially admitting it knows s*** about the inner workings of this complex dual track reorganization of Washington Mutual Inc
as a bank holding company.
"The situation surrounding Washington Mutual's (WaMu) 2008 failure and the subsequent bankruptcy of its holding company, Washington Mutual Inc. (WMI), is complex. Here's a breakdown based on public records:
* WMI Bankruptcy: WMI filed for Chapter 11 bankruptcy after the FDIC, acting as receiver, sold WaMu's banking operations to JPMorgan Chase in 2008. The $1.88 billion sale aimed to ensure depositors' continued access to banking services.
* Creditor Payouts: Whether WMI received full value for its assets and how much creditors received during the bankruptcy are unclear from readily available public sources.
* JPMorgan Chase Acquisition: The FDIC, not WMI, facilitated the bank sale to JPMorgan Chase. This transaction aimed to stabilize the financial system, not necessarily maximize WMI's value.
Limited Public Information: Since the bankruptcy proceedings occurred over a decade ago, comprehensive details on creditor payouts and the full picture of the situation might be difficult to locate through free public resources.
Here are some suggestions for further research:
* Legal Research Databases: Paid subscription-based legal research databases might provide more in-depth details on the WMI bankruptcy case.
* News Articles: Archiving news articles from the 2008 timeframe might offer insights into the WMI situation.
Uncertainties:
* The extent to which WMI was wronged depends on the details of the bankruptcy proceedings and the value of its assets.
* Public records might not fully reflect the complexities of the situation, especially regarding claims of a "fifth estate" operation."
It is clear that anybody who thinks they can explain what happened is also full of bull because it's so complex and it doesn't even public record so you would have to be hypothesizing. On the other hand some people have actually found hard evidence of assets still out there which still need to come back to the creditors involved in Washington Mutual Incorporated. Again explaining what happened is impossible according to the AI. So I like Ron's you know steady recall and expectations. Will rewrite the history books with this in the next few months. In my opinion.
Oh irrelevant huh? Irrelevant is as irrelevant does and irrelevant is posting piles of your relevant information and trying to make it relevant.
Fact: "JPM and the FDIC lost the Dual Track in DC.".
Therefore...? Justice it's not served yet.
LMAO... How embarrassing
Who you
Noice... And some of the younger people say.
And even if the reason I stated is not accurate there are numerous reasons why someone who wants to buy this stock at the right time would pay to dissuade people from the stock.
And there are, I'm laughing my ass off here, there are so many jerky boys as posters on here trying to diswade new comers. Though they have no substantial basis for their efforts other than the suspicious behavior of trying to squander hope and get more shares when it's time. Their bosses are prepared to buy like crazy with the hope that the investment in minions has given them more opportunity to buy more shares over time.
Well you know we don't want them to f' up anymore than they have so... I am biting my time.
Source please.
Yeah vacation time for The fat cats is a big deal for them and their families so they do typically I think try to wine things up.
How predictive of you and how accurate you may be. Can you quantify waiting please?
Next is distribution
Really man it's like what the f*** is going on around here it's like a constant barrage of total BS total denial was no clear agenda other than to be you know like a pain in the rear
Ron thank you for your constant clarity and trying to keep it simple. The freaky dudes who messed with the names so as to make it very difficult for anyone to understand the structure of the corporations need to be incarcerated in my opinion. Anyway, how does The following relate to what you wrote in this last post: Legacy shareholders, of which I am one, own 95% of WMIH?
It would seem that wmih is much larger than it used to be.
I believe that's the ein we've been looking for... But it's been on the table forever. I'm not sure if there's legal ramifications for anyone to reveal it but it'll cowboy may be a special case for some reason.
It makes a lot of sense what you say here. And because it makes a lot of sense very few other points of view that counter this are buckets with holes in them.
A most excellent metaphor for the futile and repetitive, and therefore insane, postings about what didn't happen yesterday and what might not happen today or tomorrow.
In contrast people are saying we might get paid in on timeline or another. And "might" is a fair and logical word for lots of things. Sit at a table of CEOs and you may very well hear people say "might" and "probably".
You know when it's obvious that shares have been slated for payoffs over the years there's really no grounds for doubting it.
Here's something on the recent new sub. at JPM Chase.
The corporate structure of JP Morgan Chase may tell us more about what sub might participate in a possible deal with Mr Cooper but in the meantime there is this which I haven't completely read:
https://www.streetinsider.com/dr/news.php?id=23336113
I watch the video of a guy who is already going global with real estate opportunities for buyers in both commercial and residential.
Dude you're doing exactly the same thing your pointing fingers at people for doing
Yes I know I understand things that are simple are usually short explanations you know simple means kind of short not complicated
So that's a simple reason huh?
It must be frustrating huh and he must feel very frustrated and you seem to think that it's okay for you to feel frustrated for what why are you so frustrated I don't get you at all man I mean I'm not that frustrated anymore I was but this is getting to be Way beyond that it's more of a study in humans stupidity and some entertainment with the possibility of something coming through.
How about that logic I like it
You act like I care about your opinion your verbose your obtuse your old and tired and I can tell because so am I why you're trying to do whatever it is you're doing is a mystery to me and it always will be because you making no sense whatsoever no matter how articulate you may feel that you are or must be.
So odd that you would continue doing something that is not helping you or me or anyone else.
You sound like an old lady trying to start a fight with somebody about nothing
Thank you very much again Ron
Today I was inspired to describe financial derivatives as catching a fart in a bottle and then auctioning it off so that somebody can split it into small parts and sell it to other people.
Simple logic I can subscribe to there
I just saw this headline: "AI outperforms humans in financial analysis, but its true value lies in improving investor behavior"
I think it has something to do with what my experience has been with this investment.
Well to be clear with myself, I cannot find one piece of information within my purview which would help me distinguish between 30 and 300 billion coming back based on years of confusion. I respect those who feel that they can, and I will not argue and debate with anyone about the amounts.
However I'm firmly convinced that those who believe nothing is coming back are 100% wrong and only correct today because it hasn't happened yet. This is a obvious fact for me. Anyone who would predict tomorrow in the financial services business based on the past, particularly this seriously checkered past, and also knowing that stranger things have happened,...anyone who would put their reputation on the line as someone certain of the future is - wait for it - not credible. That only leaves me with the rest of the possibilities which are not nothing. LOL
P.S. bailouts we're not predicted. No one could have accurately predicted how long this was going to take even though a few took a shot at it. We're still five years short of the longest bankruptcy I understand which was something about a railroad. Fuk the doubt. It's useless.
Your postings are like fresh air in a smoke-filled stinky old bar room with peanut shells all over the floor and over running urinals so thanks for the fresh air Ron seriously
We humans you know we're human like when are we humans going to understand that we are still so human and like not one of those humans is not human we're all very human still
I am tired and I don't even know what I'm still doing here. Pardon me please.
So what? So what so what so what so what so what so what's so important to you anyway I don't you make no sense none you could write one word or a million words and it would still be the same silly be asking because of where it's coming from which is like nowhere