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Huge, huge! Not sure why some are acting like the Hedge boys are stupid??
One thing about Hedge’s, is they would never spend Million$ of dollars of their own Money to fight for something that won’t pay off….
AND HERE IS Boris’s quote…..
“why did the UWs send a team of high paid lawyers to bops hearing? And do you really think the hedgies are fine losing billions of dollars....and are completely silent?
Ha! “
Common Sense is not given to all… unfortunately there are some people who have missed it when the good lord was handing common sense out.
GLTA, hopefully we will see some dough within the next 3 to 18 months.. this is not over as of yet. (my speculation)
I hope all families have a great Mother’s Day weekend! Mothers, you are loved!
Happy Mother’s Day!
—->< well howdy doodie do—.
Skippy sunk stinkin ship sickadoodle dung>>.
~~<>\€Points to the sub of the sub of the submarine salmon salad XXXX. ~~|\
Yabby Dabby doooo——I GOT PAID BEFORE YOU!!
~~<~< WHY?~|~~? Cause I know YOU KNOW —~>\ Who~<
~<\ SORRY FOR YOU~>.
>>~\|€. As you all Are FOOLS…€|>€€
Except for me~<\|. Cause I know all the Rules!!!
But didn’t AZ get paid? So something is coming back?
Great comment!!!
So explain why the underwriters wanted to be in class 19 and actually fight to stay there? lawyers are not free… just in case, someone didn’t know that.
When they were guaranteed $72mil in class 18….
Just in case, I need to actually write this again.. it helps me with common sense.
They left the $72mil in class 18, and then fought to stay in class 19?
Why would they want $$ NOTHING as you claim that’s what we are getting for class 19 and 22?
JHD
Sorry
It took so long for the reply. I had some health issues that required a surgery and just now recovering.
Thanks for your input! Let’s hope we get a few checks mailed to us.
You are right, why would they have us fill out the W9 if we were NOT getting cut a check.
You would NOT need a W9 if the brokers were going to take care of distributions.
Just a thought? The markers were in there just for the shares that we received, and the LT will be using our W9’s to cut checks!! Positive thinking.
Because the brokers have our Social Security number and could report to the IRS the exact amount, then why have us fill out the W9 for us to get zero money in return?
So right after POR 7 was signed off by everyone that inked it, the hedgies, and other inside people know what money is coming back. That is a reason not one group has filed any lawsuits and are just waiting.
So I’m good with waiting a bit longer, especially if the payouts even at the lowest numbers would be a great payout.
14 years will for sure need to be big for hedgies, and brokers to have “waited” around.
Lucky for us as A few here has said we are riding in on the coattails of the above groups, and will have a chance of a lifetime for a huge payout.
W9 would not be functional for stocks, but for a check!!! Yes
Please please Cash Money!
Thanks to all for your posts. Big lurker here, and very few posts.
Thanks JHD!
Are you at all confident there will be at least something in terms of payouts?
I’ve seen ranges from $24bill to $600bill
I’m ok with either, as most would be. If we get egg on our face, no one’s gonna care, but us.
I just find it hard to believe that the hedge funds would take a beating so bad with their mouths duct taped shut.
That is one of the reasons I’m making an assumption that we will get paid something.
Now that our escrow markers have dropped off my brokerages(Schwab and TD), that may have been there just for the place marker for just the Coop shares that were given to us.
Good luck to all and thx JHD for responding.
Also
Didn’t the UW group fight to stay in class 19? Instead of taking the $72 million in class 18 before “equity”?
No telling how much money was spent on lawyer fees to fight that?
They said we will keep the 1% of class 19 instead of the guaranteed $72mil.
That’s pretty telling to me?
They obviously know what’s behind the door.
Thx..
I hope this means it’s great news and we get a few checks in the mail.
So I guess my preferred escrow shares P and K were taken out on 2/11 with Schwab. Is this what others are seeing?
Does this mean the DTC is sending us checks? Or do I need to call Schwab to put them back?
Correct!! Have had family in state and federal. They have money…
Not saying they did anything illegal, but the $172k a yr with a huge expense account doesn’t equal millions….
Yet, they are…
Hard to argue with that?? UW’s wouldn’t be fighting to stay in 19 that hard if nothing was there….
I do find that odd that Wamu is not discussed.
They made the movie “The Big Short” and never mentioned WAMU. Lehman and others mentioned, but no WAMU.
The funny thing is the only mention of it was just a booth at a Vegas banking conference. Just a booth in the background. Not one word though said?
I think that tells a story as to why they would not mention one of the oldest banks in history…As it was chopped up and given away.
Also, I’m excited being lumped in with a group that cheated and fought to get in class 19 for just a “measly” 1%? That must be a decent chunk of money to give up $72 million for 1%. And also to spend money to fight to stay in.
Many THANKS TO ALL that have contributed to this board. Been a lurker for 13 yrs or so. With an occasional post here or there.
Not trying to pretend I know anything. Just hoping we all get some money, either from Coop’s rising price and some extra frosting from the escrows…
GLTA. My $.02
Hotmeat,
I probably should have said;
“All the theory’s stated by me are just that….” “Theory’s that are Opinions that happen to be what I believe”.
Hopefully that clarified?
No one can deny that the UW’s wanted into class 19.. (FACT)
So while they could have got “some” return within class 18? (An Assumption/Opinion on how much?). What did you mention? $24-72m if they would have stayed in 18? Still a maybe on the amount coming back in 18?
What’s not a maybe?
Well I see common sense that the UW’s know that 19 has money or they wouldn’t have made sure they had some class 19 pie, even with 1%?
Opinion: BIG PIE for 1% to make it worth it?
So, I find this as common sense that the UW’s know/knew something that joe-public didn’t know. “The true value of class 19 and possibly even 22”?
Again; “My Opinion”
So we just wait some more for the class 19, 22 payout, which I hope we all get to partake in some decent returns…
Thanks Hotmeat for replying respectfully, that is very much appreciated.
GLTU and to everyone else.
Thx
D
BBAN,
Thx for the kind reply…. Yes sir, trying to retire, it would be fantastic if Wamu would pay us out sooner than later?
Oh well, I think we ALL had to learn some patience. Just hoping that patience is worth it?
It is very odd that the UW’s would want and fight for class 19, when they had a guaranteed $72 million in a class that was gonna pay them.
Obviously, class 19 is loaded out and the UW’s 1% must be enormous?
Hopefully, I am part of a once in a lifetime opportunity.
With EVERYONE here! Let’s stick together and encourage positive discussions.
And let’s hope that money is moving in our direction very soon!
Thanks to all that have shared their DD.
Thx
D
Happy belated birthday BBAN!
Appreciate your posts!
Correct!! That is something I can agree with.
Amen!! Just left my ED shift. People are absolute fools!!
Looks like my county hospital WILL make a profit this year. Thanks to the news!
Common sense summary Bob... thx
Common sense, some people don’t have...
Exactly, look I’m not sure what we are getting but if you see the UW’s wanting to throw the class 18 $72m in the trash for a gamble??
Real Wall Street doesn’t gamble?
On the other hand we have to study and guess and hope and pray that our DD is correct or close to correct.
This is a blatant move by the UW’s that sold me on, at least they are getting more then $72m for their 1% stake. That is common sense and if some don’t see that?
I’m not sure how folks even figured out how to release?
Where there is smoke, there usually is a fire!
GLTA
Yep, I try and ask every 6 months or so.
Thanks for the help!! Much appreciated!
Sorry, in advance as I am a spotty lurker and ask questions every 6-12 months.
I have some of these escrows with Cusip ID of 525ESCB16.
Are these getting any payments that anyone knows about?
Thanks in advance and GLTA!
Is the markers of LEHKQ ever going to get paid or am I kissing that goodbye?
Thanks for any info. Time is my enemy, so sometimes I am not keeping up with the info.
Just get to lurk occasionally.
Thanks and GLTA.
D
lehmandoc
Thank you very much for the quick reply!
Appreciate your time.
Good luck to us all!!
Anyone know if the escrow 525ESCB16 will be getting any funds??
Sorry have not kept up on this. These markers are still in my account.
Worker
I think most share in that thought process..
Hedge funds are here to make money, tons of money.
They would not have signed releases unless they knew a massive amount of money was coming back.
Why would they keep their money/ clients money tied up with zero returns for that many years?
Because, they are waiting on a huge payday!!
While most of us here that has escrows will be just riding with them.
They get money, we get money!! Simple as that.. GLTA and make it a great day!
My opinion is, there is a reason Wamu has been left out of reports, videos, and news..
Why wouldn’t it be mentioned in detail in this video??
Also the movie “The Big Short”. All banks were mentioned except the biggest?? That doesn’t strike you as odd? It’s a positive thing in my opinion..
Reasons?? Guessing here...
Trying to get people to forget? And settle up with us escrows later on down the line. Less questions to answer.
Opinion only!!
Hope all had a Happy Thanksgiving!! It definitely would have been better being paid. Patience, is what I keep telling myself.
Haha...
not hardly... if I was in the “Know” don’t think I would be asking on this board.
just a person that wants the WaMu escrows to be paid, so I can hit the road.
I have emailed Melanie Fein over the years on this bankruptcy and have got mixed signals or indirect answers. So definitely this is one bankruptcy that is a different animal as everyone here knows.
Melanie is a banking attorney, writer, and family friend and is caught up in the mix of the banking industry.
And yes, I will keep my Coop shares for a bit to see where they head.
Thanks and GLTA.
Absolutely it’s a guessing game.
“Know what you own” is why I responded.
No one knows the exact dollar, so that statement is not correct, depending on the interpretation of that phrase.
Yes, but how do you know what was actually split up out of that?? What did JPM take or not take?
We have never been told the exact story and we may never.
If it’s all in holding, and we were not taken apart piece by piece, we do have a HUGE HUGE payday coming. But that’s an “if”..
Yes I agree asking figures was not fair.
I was merely trying to get the point across that no one knows “exactly”.
And it felt like saying “know what you own” is a cheap move, since all of us here has read and read as much as what’s out there.
We all can speculate as to how much money, but we will have to see?
I have no problem with people actually “guessing” from what they have read. But hopefully we all realize that is a GUESS.
Some may be correct and some not.. time will tell.
My concern is everyone is so sick and tired of this crap that the last 2 years has been more and more fighting on this board. There was fighting earlier, but just not as much.
We are all holders of some type of escrow(well most here) and ALL in this together. Frustration is rampant, but directing the rage at each is not productive in any way.
All you guys are awesome in your own way. Thanks for all the DD that I have received.
Now as the saying goes,”SHOW ME THE MONEY”. Please....
Take care all and good luck!
Not hardly, but thx for asking.
Monica
Thank you for your honest answer. And for your guesstimate!
My point was not to slash anyone’s DD.
I just was trying to level the playing field, in that we are ALL in this together and are hoping for a great ending.
Thx again and GLTA!!
Then give everyone an exact value?? “Know what you own?”
I think everyone knows what escrow shares they have?
I owned Washington Mutual. Now I don’t?? “Know what I own...”
Signed releases... have escrow shares.
“Know what I own...”
You have not stated anything more that has been in filings?? Just some rhetoric.... oh I “Know what I own”.
Then put an exact dollar figure to it.
P’s?
K’s?
U’s?
If you cannot, then you don’t know the VALUE of what you own. Or in your words.... “Know what you own”!
No one knows the exact value!! Until then, quit acting like you are some higher power.
Do you have knowledge? Sure, I would say you are ahead of the game.
I am definitely a lurker, gleaning a lot of knowledge off of you and others, and I appreciate that.
We are all in the same boat... what is the VALUE?? Exact VALUE.
Thanks for all you regular posters, LG, AZ, Jerry, hotmeat, dmd and others...
D
Hello
Sorry l have not been following Lehman at all. Just noticed that I have some escrow shares
CUSIP 525ESCB16
Lehman Brothers Holdings Escrow.
Am I out of luck on any recovery?? Or has the time NOT came about?
Thanks for everyone’s patience.
Thx
D
Thanks all!! Mostly a lurker, but have been here since 08.
Take care and good luck to all.
Been here since 2008. I am usually just lurking.
What would P's and K's get(obviously estimate)?? I have 2,500 K's and only 250 P,s.
I know that the preferred gets 75% of proceedings and would like to see what the actual guess is on them.
Thanks in advance.
so is this what you are referring to??
WAMU PFD FDGF XXXESCROW PNDG FUTURE DIST
WA FUNDING TR III XXXD05/24/07 6.895% MS99 ESCROW POSITION
Not sure what those are?? I have 930 of WAMU PFD and 200 of the others.
Obviously you have not followed this case.... What did the U.S. Trustee ask for in court??? The list of CURRENT Stockholders.... Do you want me to Repeat that.... CURRENT STOCKHOLDERS. Get your facts straight before you start blabbing about. We know what we have, a GOLD MINE>>>>> Good luck to you all..