Washington Mutual Mortgage Reinsurance, Inc. - stock holders won in this major bankruptcy case.
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.
Thank you.
That's not how it works.
Soon there will only be one side to all these matters: The past.
I have mine.
Id I had a nickel for every time some of these guys posted I'd not be waiting for the waterfall here.
Thank you very much Ron.
This is a good reminder and the detractors have not really addressed this so I invite them to tell me why these guys have not been heard from.
The story that you posted is from 2018.
The story that Ron reposted is from 2020. The name game there's a freaky thing here.
He's an old cowboy admittedly
Look Lodas, You break up the history of this process and then you show how in that small context there may or may not have been losses, endings, closings and depletings. In contrast there's a couple guys on this case who actually look at it's full context from beginning to end and really don't have any reason to believe you because of what they've seen and read.
You know I used to get excited enthusiastic looking forward to receiving large funds and even now I am completely devoid of those experiences 15 and 1/2 years later. I enjoy being excited the apprehension is half the fun. However apparently slightly apprehension is not a mature way to live life.
"To compare the legal descriptions of WMI (Washington Mutual, Inc.) as of 2008 and 2023, and WMIH, we need to look at the evolution of these entities over time, especially considering significant events such as Washington Mutual's bankruptcy in 2008.
### Washington Mutual, Inc. (WMI)
**As of 2008:**
Washington Mutual, Inc. was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in September 2008. It was heavily involved in the mortgage banking industry.
**As of 2023:**
After its collapse, the assets of Washington Mutual Bank were sold to JPMorgan Chase by the Federal Deposit Insurance Corporation (FDIC). Washington Mutual, Inc. itself, which was left with liabilities and few assets, was dissolved as part of the bankruptcy process. The entity ceased to exist in its previous form and its remaining operations and assets were liquidated or absorbed by other entities.
### WMIH Corp. (formerly known as WMI Holdings Corp.)
**As of 2008:**
WMIH Corp., as part of Washington Mutual, didn't exist separately in 2008. It later emerged from the remnants of Washington Mutual, Inc. after its bankruptcy proceedings.
**As of 2023:**
WMIH Corp. has undergone significant transformations. It became a component of the reorganized entity post-Washington Mutual's bankruptcy. It later merged with Nationstar Mortgage to form Mr. Cooper Group Inc., which is primarily engaged in the servicing and origination of mortgage loans. This merger represents a shift from WMIH's previous role as a holding entity managing residual assets.
To provide a thorough and accurate comparison, I might need to access specific legal documents or more detailed historical records. If you need further detailed legal descriptions or documents, accessing databases like PACER (Public Access to Court Electronic Records) in the U.S., which provides access to federal court documents, might be necessary."
OpenAI ChatGPT
I think we're going to probably end up getting into predictions with the software so in a few years I'll literally be able to get a likelihood percentage based on human behavior: past performance, current trends, and it'll give me a percentage of likelihood of getting paid within a given number of months.... This is my prediction.
I'd like to compare the current and past legal descriptions of WMI, as of 2008 and 2023.
I'd like to see the same for WMIH.
Yes and by pure logic we know that on each of these highly active influential boards holding billions of dollars for someone there are detractors.
Voldemort is not going to say he is a detractor nor will some of the others however we know you're here. Oh and detractors are not truth tellers.
Thank you B
Park to Market overnight I'm unnecessary greedy piggy really stupid deal that they did with women brothers and Morgan Stanley and whoever else sucked a big one. 2 years later they decided yeah that was stupid let's not do that again. Yeah so you know diamonds not a leader.
Jamie Dimon, just because you can doesn't mean you should. I'd like to spend 30 minutes just you and me talking in the room you think you need somebody to stand by to protect you that's fine but I'd like to meet and talk.
I'm going to eat a bunch of lettuce for dinner tonight.
That is correct and you know to miss that point is a bad sign for a reasoning being.
Quote from: CSNY/Alice Griffin BK Attorney - Today at 02:11:05 PM
Someone reached out to me today about timing and I shared my cautious optimism.
I told them I believe LIBOR is critical to the first phase of us getting a distribution, so as the New York phase of LIBOR is within one year of a critical ruling we are 'nearer' than we've been in the past.
I don't know if the parties will settle before a summary judgment ruling (it is expected one year from now). Also, I'm sure people know even a summary judgment ruling against the defendants can be appealed.
In this vein, if the defendants wait until a ruling and it is unfavorable to them they may appeal and not settle until/unless the appellate court upholds the unfavorable ruling.
That's why I'm cautiously optimistic that there will be a settlement within a year.
As for why I'm certain there will be a settlement: there have already been settlements. Those settlements protected defendants and their stakeholders (e.g., FRBNY, BoE, ECB) from public dissemination of embarrassing information that could, among other things, erode public trust.
If there's a trial, that information would come out eventually. The defendants will settle.
As before, timing is the issue. They have probably made an offer but made one they knew the plaintiffs would be unlikely to accept. The longer the defendants wait the greater the sum they have to pay out but they may not care as they've probably made multiples of any LIBOR gains. (I say this is probably one reason why the FDIC asked for so much money , that and the fact that it would take a long time to get a payout.)
Something doesn't add up. You might want to do the math again.
Tick scratching...made you look.
Lofas is Rick scratch
All assets? Nope
Break the whole thing up into small parts keep them out of context and attack. That is the obvious strategy and it's full of errors.
If once up we get a distribution and more things are revealed and if AI doesn't get the whole picture it will be clearly evident and possibly grounds for litigation and someone's part if AI doesn't discover the facts behind these matters. I mean there's got to be some debate discussion about what Congress and the Senate did in 2008 and 2009 and 2010 in regards to the meltdown of specifically Lehman and Washington Mutual. For example their subprime mortgage origination houses or corporations did not have as much to fall off as was claimed. also the fact that Washington Richmond corporated was not officially or you know yeah a bank holding company and yet it was still taken over even though it was solvent should be mad at public record.
Endless concoctions
So you've been around some of these crazy stories many times before apparently
I don't know what a "great" outcome is here. Obviously, receiving monetary value is not the number 1 outcome so far. Sixteen years of educational dialogue concerning the cost and value of out overall justice system is obviously one outcome which no one can deny has been somewhat educational.
Further outcomes are yet to be enjoyed however monetary outcome would be great. After all I've paid my dues, now I need to get some recompense.
It is a known logical fallacy to predict the future solely based on the past. Our entire experience is based on the events of new outcomes.
It's a good sign for human beings when we can remember that which makes us great....
Resurrection is cool.
September 2024 is the latest date mentioned.
Live now: not much compared to earlier today, imo. But thank you for the suggestion on format.
LLC formation for as little $250.00
https://www.tailorbrands.com/llc-brand-states?utm_source=google&utm_medium=cpc&utm_campaign=736905974&utm_content=41302205467&utm_term=tailor%20brands&utm_funnel=llc&gad_source=1&gclid=Cj0KCQiAxOauBhCaARIsAEbUSQTZz_wBt_4cW-R9ASITjIXgYX1J1jOYMkMNxw-Q0iiAJnIGJ2PSzd0aAov-EALw_wcB
He's getting old and cancer treatment isn't something one gets over, imo.
You don't read, you project bias.