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No kidding! There is no way the final payment has been made.
The settlement did not resolve certain claims by the Receiver against JPMC, including the Receiver’s claims against JPMC relating to its alleged participation with other banks in manipulating certain benchmark rates and markets (LIBOR, interest rate swaps, ISDAfix, treasury securities, credit default swaps, and foreign exchange rates). It also preserves all claims of the Receiver against other persons who caused losses to WAMU prior to its failure, including claims relating to restitution orders and all regulatory and supervisory claims of FDIC-C. The Receiver anticipates that it will make a final distribution at a later date. It is unlikely that the....
....yeah yeah......we’ve heard it all before.
Show me the money!
I must admit, and this case should have taught me this a long long time ago...
...the system IS broken.
Sad.
One of these people should show up in court and use a latches defense against the LT!
WTH! Why the seven year PREJUDICIAL DELAY in resolving these claims!?
The letter of the law should be followed regardless if cash is coming back or not.
72,000 P would have initially given them right to receive 1,425,641 WMIH, did they get those too?
What portion of the remaining WMIH to be distributed will they get?
I’ve got ZERO love for Goldman in this case...remember they are among the ones that shorted WM into oblivion to start this whole mess....they’ve made enough dirty money here already.
Have you read the brief to the appellate court?
Point by point please...tell us all how the appeal is “destined to fail”
Yep. You have to wonder if the “well informed” Wall Street machine just cannot get past nsm+WMIH ...they “know” the WMI past. At least they know the story line.
Sure would at least encourage tha playa s...to do it again. As if they don’t get away with enough in these cases already!
F! Them!
I’ve changed my mind...it’s the principle of the matter!!!
The LT and the Court were both surprised by her objection,..the UW too...I’m sure. And I could (did) agree that it was really over...not much...1%...and I could reason that the court would indeed have approved the stipulation if it was presented properly and in a timely manner. Mary said she would have, I take her word for it.
But the way they handled the objection...Rosen choked...he did NOT assert latches and nether did the UW’s...then Mary choked when she READ section 1.170 of the POR.
Then just promptly ended the hearing with this latches nonsense.
These crooks have been getting away with sweeping wayyyy too much under the rug since day one...
...not this time.
Who the hell knows what the insiders were trying to conceal when they tried to quietly slip into 19...but I do know they probably really needed to AMMEND the PLAN to do it! ...that is... they would have if ANYONE objected. Which only could happen IF IF if had it been brought to court like it should have been!!!!
It sure is BOB....I must admit....I only REALLY started doing my homework on this today.
I’m kind of taken aback by this:
“Indeed, it was precisely at the point in the Hearing that the Bankruptcy Court read Section 1.170, that the Bankruptcy Court recognized the absolute prohibition against creation of new Preferred Equity Interests, commenced its summation, and invoked laches against Appellant”
Lol...looks like Mary was ready to drop the mic.
There’s a ton of stuff in here that makes just TOO MUCH SENSE.
AG is going to win this, imHo.
I’m sorry I didn’t do more DD earlier, her objection turned me off...there were things in there I felt we’re unsupported.
BUT THIS appeal is very focused on the core objection and imo she’s got them by the nuts. Period.
...sh!t....I’m gonna go cut my toenails and get the cheese out!
I’m sorry AG.
I hear ya JB! ...me n the wife walked out of the casino the other day with a couple more Benjamin’s than we walked in with...
Now neither one of us can find them!!!
Lol! Great point.
Looking good Gary! Hope it continues in this direction.
I agree. I’m just trying to make it easy for everyone to follow and read what is actually happening, rather than just rely on mb chatter and misinformation.
Link to my mediafire "griffin appeal" folder:
http://www.mediafire.com/folder/47suw4gd775pq/GriffinAppeal
AG's 179page brief : http://www.mediafire.com/file/16vv8qsynx76w5i/04314446627.pdf/file
Magistrate Judge's Recommendation Motion : http://www.mediafire.com/file/16vv8qsynx76w5i/04314446627.pdf/file
the case Judge's signed order : http://www.mediafire.com/file/c7ucdn83dfgmg35/04314407917.pdf/file
Yep...kinda makes ya wonder...don’t it!?
No, AZ is correct, their brief is due July 8th.
Wow! az....that is just plain false.
A Judge, Mary Pat Thynge, made a motion that the Appeal be withdrawn from mandatory mediation.
THE judge Richard G Andrews GRANTED that motion.
The Appeal will be heard in court.
I agree AZ, I shouldn’t have to dig up this sloppy mess and put it out here for everyone to see. But I did...lol.
You can see what is going on with it here:
https://www.pacermonitor.com/public/case/28006327/In_Re_Washington_Mutual,_Inc,_et_al
I’ve retrieved the file from pacer and placed it here:
http://www.mediafire.com/file/16vv8qsynx76w5i/04314446627.pdf/file
...enjoy...
I also think it is VERY interesting that THJMW did NOT do the following:
Local rule 8001-1
c. Opinion in Support of Order. Any bankruptcy judge whose order is the subject of an appeal may, within seven (7) days of the filing date of the notice of appeal, file a written opinion that supports the order being appealed or that supplements any earlier written opinion or recorded oral bench ruling or opinion.
....hmmmm
Mary is going to look very bad if her order is overturned. ...almost looks like she just threw another Hail Mary for Rosen.
Well bob...ya know I’ve put my foot right close to my chompers by saying I did not like the objection or the subsequent appeal...I’ll say again now that I hope I’m wrong.
That said, I’ve done some looking around that others who are complaining apparently aren’t doing...
I see she did file on Friday and I also see that mediation has been removed from the realm of possibilities. Wow! ...good for her!
I’ll have to go pull the filing and have a look...
...interesting.
Still unsure what if anything her winning this appeal could accomplish.
I do agree that there are reasons to believe she might indeed prevail...
I’m a get some a dat!
As we all know...longevity...ya don’t get sh!t(gold) for free!
Time to fry shorty’s azz.
I hear ya Bob! ...I knew I’d catch hell for using that word...
But a spade is a spade...whether shoveling sh!t or gold!
All the best to the all the WMIH crew...especially the old timers...we all deserve it.
I’m liking it, too. Just trying to make sure all us old folk are awake this morning.
Should be fun. 28.57 by my last count!
Well, I definitely agree with that! I just wanted to hear someone else say it first...
Thank you for paying attention.
Interesting, I’m wondering why JBray and the board feel the need to pump it?
“The Company intends to utilize a presentation that includes additional information with respect to certain financial results for the first quarter ended March 31, 2019.”
...I mean the 10q is nearly 60 days old now...why are they coming out with this presentation and supplement now?
I doubt it
Because JPM had all the books and records.
Interesting, which flavors do you own?
It infuriates me too. The appeal is just ridiculous. Mary, to her credit, tried to tell her nicely...
...it will be interesting to see what happens next.
It’s actually very sad, even more so that people have given her money to do it.
Those are the ones that matter(ed)...
...I guess my problem is that; I just don’t understand how the P&AA says book value or market value for various assets, yet 1.88B!?
My mind refuses to accept that. I don’t care what the press releases and correspondence from the FDIC or JPM have said thus far...
...it is not closed yet. Until it is...
This is NOT over.
The Final Payment MUST be PAID...if they want their releases.
Sure Bob...why not!
Here ya go sir;
Stewart Landefeld was 'hired insider who temporarily left Perkins Coie to "instrument" the wipe-out of WMB as top General Counsel for WMI; in many opinions. Then scooted back to the muddy waters aka Perkins Coie.
https://www.businesswire.com/news/home/20071231005259/en/Business-Partner-Stewart-Landefeld-Serve-Interim-CLO
Returned after 'MISSION ACCOMPLISHED.
https://www.seattlepi.com/business/article/WaMu-executive-resigns-1290741.php
So true. Funny how JaketheFake Tapper never mentions the Perkins Cole scandal much.
Keep America Great!
Could we sticky this please...someone...anyone?
I agree wholeheartedly and will add that it is my belief that this objection, as written and as litigated in court, has has very little chance of
exposing anything and has accomplished nothing.
Really? Ok.
So....your thoughts about our predicament?
Haven’t really heard much from you for quite sometime now.
I can appreciate that. I was just saying that I remember when we all believed...I know it is absolutely accurate to say the estimates were much more conservative back then.
Seems to me the wildest theories came much more recently...and I agree those are difficult to place any faith in. Never thought putting a number on it was a good idea, wasn’t trying to hold you to any number...just recall you being more positive in the past. I was too.
I truly just want the best for everyone here, I know you do too.
Thanks.
So then, you agree the assets exist?
At some early point in those ten plus years you must have thought there was at least some evidence there was “hope”....or you wouldn’t have invested in it.
Come on HM! Don’t try and say you knew we were screwed from day one....that’s absurd! and oh so self serving...for the lamest reason ever...
IMB itoldyousopoints
Lmao.