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"lamenting is for losers....... "
Explains your posts to a 'T'.
"IN ORDER TO RUN ITS BUSINESS, LBHI MAY PRODUCE ADDITIONAL CAPITAL (they need it) BY PUBLIC OFFERING OF NEW BATCH OF PREFERRED SHARES FROM THE UNSOLD “J’s” (at face values and they have plenty of it). "
How many of these unsold J's do they hold?
"I don’t have IHUB PM to respond."
Ron, can you receive PM's?
Ohio is also listed. I have some of these Bonds.
Do I NOT own them, even though they show in my Account? Did my Broker commit fraud by allowing me to I purchase them?
Blue Sky Laws
"In addition to the federal securities laws, every state has its own set of securities laws—commonly referred to as "Blue Sky Laws"—that are designed to protect investors against fraudulent sales practices and activities. While these laws do vary from state to state, most state laws typically require companies making offerings of securities to register their offerings before they can be sold in a particular state, unless a specific state exemption is available. The laws also license brokerage firms, their brokers, and investment adviser representatives."
So, what would be the problem with the WAMU Bonds?
LOL! What part of PickStocks is not an alias?
Former Lehman judge joins South Square
https://globalrestructuringreview.com/article/former-lehman-judge-joins-south-square
18 January 2024
Former Lehman judge joins South Square
Credit: South Square
The former New York bankruptcy judge who presided over the Lehman Brothers bankruptcy for five years has joined South Square Chambers in London, following his recent appointment to the Singapore International Commercial Court (SICC).
South Square announced on 18January that Judge James Peck had joined the chambers’ alternative dispute resolution (ADR) service, where he will specialise in international insolvency arbitration and mediation.
Jersey, The question wasn't meant to be pointed at you. I should have worded it better.
It was more to anyone who might have some theories about the looong time it is taking.
Who profits by prolonging vs ending?
AZ, Do you know when this would have been effective?
"This bond is not available to the legal residents of the following states/territories: Arkansas, American Samoa, Federated States of Micronesia, Florida, Illinois, Louisiana, New Hampshire, New York, North Dakota, North Marianas, Ohio, Pennsylvania, Tennessee, Texas."
Is there more to the notice than what you posted?
I am in Ohio. I bought some 2016ish. They are still showing in my account.
COOP
Mr Cooper Group Inc
61.79
-0.63 (-1.01%)
mypenneys, With all you seem to have going on, I would send a Registered Letter to the Fraud/Compliance division explaining your situation. Ask that they send you Official Verification that your accounts are in order.
"traded shares is a death estate trade
just clearing old accounts "
imo, Perhaps Brokers helping to 'clean up' individual accounts? They have on more than one occasion removed low value securities from my account without permission.
Low amounts of low value securities might not be 'missed'?
"was stolen"
I agree, but imo, they won't/can't admit that fact.
"But my concern is this..If there are capital gains from the sale of these shares , you might need to report these gains on your tax return."
Isn't that true with any stock? Capital Gains are taxable, why would these be any different?
We need to stop paying Lawyers by the hour....
You said, "THE BORROWER WAS HARMED , NOT THE BANK!!!!!!!!."
So again I ask, WHY is the FDIC suing on 'Behalf of the Banks' and not on behalf of the borrowers????
"THE BORROWER WAS HARMED , NOT THE BANK!!!!!!!!."
lodas, Then WHY is the FDIC suing on 'Behalf of the Banks' and not on behalf of the borrowers????
Thank you for the reply.
"126,696,000,000 - unpaid debt. "
IF it emerges as a going concern, is this debt expected to be able to be paid off?
"The request for the FDIC to seize WAMU, as far as I remember, came from the Office of Thrift Supervision (OTS) and certainly not JPMC. I fully understand, however, what you’re saying about the back door shenanigans."
?
I thought the OTS did NOT want WAMU seized? They were somehow overruled and shortly after, the OTS was not an entity anymore.
".the Libor distribution is only for millions not billions…."
Pick, WHY are you NOT telling the whole story?
I previously posted a link to the $400 Billion FDIC LIBOR case.
Perhaps it strains your brain to remember simple facts?
"it represents the amount of "JUNK" loans Long Beach Mortgage was writing and selling to institutions which packaged them into MBS... the FDIC took them over during the Receivership, and "milking them down" to pay down the 14 billion dollars cash shortfall in the balance sheet held by the FDIC for WAMU failure."
lodas, Do you have the Official link to these statements?
JWW, Any idea how much COOP stock any of these analysts actually own?
Is the FDIC running the LIBOR case and or the closing of the Receivership, based on what COOP is doing?
Or, is COOP being run based on the Receivership and LIBOR case?
BBAN, Pumpers got to pump....
"At what point will COOP be "allowed" to trade organically without the MM's finger on the scale?"
Just curious, how exactly do MM's 'manipulate' this stock? Isn't the price related to individual investors buying or selling?
Bid: 52.99
Ask: 64.50
I just noticed the spread. Is it usually this big?
"The Wamu employees got screwed the most but hopefully many have escrows."
I thought those that transferred to JPM had to sell their WAMU stock?
Weren't they also harmed by the same reasons WAMU was?
imo, JPM's responsibility in the BK part, not so much for the LIBOR part?
"Strain your brain and realize that WMI is on the bottom of the list and as I said maybe millions not billions….FDIC still has administrative fees of 14 billion..on the books…"
Again, strain your brain, is there anything left, after you subtract 14 billion from 400 billion.....
Some that I am aware of, but to my understanding no one has been able to get any for years now.
CUSIP#
93933WAA4
93933VAS7
93933VBA5
93933VBC1
93933VAZ1
93933VBE7
"It looks like there will be only 2 scenarios....
1. LIBOR money flows into COOP, etc., but not a penny goes to former Shareholders.
2. LIBOR money flows into COOP, etc., and some money goes to former Shareholders.
Those are the only 2 scenarios, because we know LIBOR money is coming in.......sometime.
Old WAMU Shareholders would be wise to prepare for #2 by buying as many COOP Shares/Calls as possible and riding it up."
LOL!!!
Billions coming to COOP = COOP trading below Book Value.... LOL
20 Banks, WAMU was the largest by far.
Strain your brain, maybe you can figure who is likely to get the most....
"not likely…."
Why is that? It is Filed ON BEHALF of the Banks.
Posting to yourself now???
Well, whatever they pay, it will be a far cry from the profit they made due to the rigging. I understand it was possibly in the Trillions. So, once again, merely a 'cost' of doing business.
Obviously you can not comprehend.
From hold2wm on Boardpost.
For those that are interested to track LIBOR case(s), here are some useful sites:
https://www.perkinscoie.com/en/libor-faqs.html
Where is the consolidated action pending?
In re LIBOR-Based Financial Instruments Antitrust Litigation has been consolidated for pretrial purposes in the Southern District of New York before Judge Naomi Reice Buchwald, Master File No. 1:11-md-2262-NRB.
Case's Filings and updates:
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
"But I don’t think we’d be trading so low at this point if the “ street” knew that the principle was already reserved at $25."
Perhaps a bit off topic. The FDIC has a LIBOR case seeking $400Billion on behalf of 20 failed Banks. Some think a portion of this money would be used to pay off WAMU Bonds. These Bonds are still trading at prices similar to the CT's.