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Well, as Boris said, there is so much corruption in this country. So for my P's, if I can just get something between:
AZCowboy's "fixed income bond face plus interest earned"
and
Ron_66271's "Over 2.5X from the RE/DCR.... plus, around another 2.1X from performance payments."
then I will be happy.
ND9
Thanks AZCowboy!
Nd9
Thanks ron_66271. I knew your estimates from before and have always appreciated all you do. I am hoping and praying you are correct because 4.6 times face value would be awesome.
As for the AZCowboy, if I understand him correctly, he believes commons will end up with the prize. So when he says he just doesn’t think there is much left for preferreds, I was hoping he would quantify, how much he believes is left (for preferreds). Similar to what you just did.
Thanks again,
Nd9
AZCowboy, I'm not greedy. Assuming you are correct, and you stated, "I doubt that there's much in there," what is your current estimation of what's left in the "Preferred Managing sub?"
Will "P" holders get at least face value?
thanks,
ND9
Typo: It should have been, "We currently spend $400 BILLION/year on interest."
I remember how in 2007, when running for President, Obama called Bush 43 "unpatriotic" because our national debt was $8 Trillion. Now, less than 15 years later, the National Debt is $31Trillion.
We currently spend $400/year on interest. Per the Congressional Budget Office, over the next 10 years, it will soar to $1 TRILLION in interest payments, per year!
There is just no accountability for these corrupt politicians (& their families), who only care about spending money and staying in office... At this rate, somewhere down the road, it has to call come crashing down and the middle and lower classes will suffer..
Well, at least Peter continues to use his erhc energy ceo title.. that is something.. at this point I will take anything..
cura asada, thank you very much.
Nd9
cura asada, what do you mean, last escrow payment date was Dec 1, 2022?
thanks,
ND9
Large Green, you said, "Mwd44" but did you really mean "MadBadger?" See poste below.
ND9
*********************
MadBadger
Re: xoom post# 701197
Wednesday, January 11, 2023 11:00:56 AM
Post#
701199
of 701320
Xoom, About a year or so ago, I was having a conversation about WMI, WAMU, and Wmilt with a Retired Former V.P. of a 100 year old Investment Firm and when I mentioned the shares in Escrow, he perked up, his eyes lit up in excitement and he had this jolly grin on his face as he asked, how many shares you have again?
I responded and his response was, Ohh, WOW!
That’s what we call “ Magic Money.” It just magically appears.
Let me plug you with an Advisor when you’re ready.
I held back emotions, continued the conversation and cooking us breakfast
Probably just news on Wells Fargo getting out of mortgage servicing business..
If you go back and look at some of my old posts from ages ago,
I stated and posted that it was taking the fdic receivership about 10 yrs to close small banks.. so I wondered out loud more than once, that if it took that long to close out a small bank, how long would it take to close out the huge wamu..
Nd9
AZCowboy, awesome, thank you. I now feel better about this 14.5 yr saga. I keep telling my wife the money is coming but some days, it’s hard to keep the faith.
Nd9
Thanks AZCowboy! Happy New Year.
ND9
1.) Groma was co-founded by Seth Priebatsch, who launched the startup LevelUp, which two years ago was sold to Grubhub for $390 million. Drake, who moved here from New York this year, says the firm is looking to expand into Roxbury as a builder of affordable housing
https://www.baystatebanner.com/2020/09/24/developer-plans-demolition-of-1850-home/
2.) Groma and Needham Bank Partner to Finance Multi-Family Investments in Boston, MA
NEWS PROVIDED BY
Needham Bank
Aug 29, 2022, 14:15 ET
"We are thrilled to be partnering with Needham Bank in this important financing facility to help scale up Groma's efforts in the Greater Boston area," said Seth Priebatsch, President of GromaCorp. "The team at Needham Bank has been fantastic to work with, flexible to our custom needs and supportive of our long-term vision to increase both the quantity and quality of housing supply in the Greater Boston area, as well as ownership opportunities for more residents of the City."
https://www.prnewswire.com/news-releases/groma-and-needham-bank-partner-to-finance-multi-family-investments-in-boston-ma-301613968.html
3.) Advisory Board - Spyglass Appraisal LLChttp://spyglassappraisal.com › advisory-board
Paul Bell is General Counsel at Groma, LLC, a Real Estate Invest and Development company based in Boston, MA. Prior to that, he practiced law as a
Interesting…. Didn’t Doreen Logan live in Arizona?
Also the palid address in north San Antonio was Charles smith address….
Hmmmm
Newflow, that is very interesting.. so if WMI Rainier became inactive in Nov 2022, any speculation on what that is telling us?
Wow..
You are taking the theory out of context…. Maybe not tomorrow…. But over time the rate hikes will increase unemployment which lowers demand and thus lowers prices and thus lowers inflation…
You either believe a distribution is coming or you don’t.. I just don’t see how people can wait 14 years and then pick some near-term upcoming milestone/deadline, and then state if a distribution doesn’t come, they may stop believing…
........... and look at the map, specifically STP-EEZ Block 5... look at all those prospects. No wonder Kosmos kept Block 5 and wanted Block 4.
ron_66271, you are always welcome and thanks for all you do.
ND9
For the last several months, looks like one or two announcements per month.
12/6/2022 Notice of Termination of Receiverships
A Notice by the Federal Deposit Insurance Corporation on 12/06/2022
Notice of Termination of Receiverships
The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.
Fund Receivership name City State Termination date
10005 ANB Financial, NA Bentonville AR12/01/2022
10012 Integrity Bank Alpharetta GA 12/01/2022
10037 Corn Belt Bank & Trust Company Pittsfield IL 12/01/2022
10061 Bankunited, FSB Coral Gables FL 12/01/2022
10131 Hillcrest Bank Florida Naples FL 12/01/2022
10220 Citizens Bank & Trust Company of Chicago Chicago IL 12/01/2022
10330 The Bank of Asheville Asheville NC 12/01/2022
10336 American Trust Bank Roswell GA12/01/2022
10531 THE Enloe State Bank Cooper TX 12/01/2022
The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.
(
Authority:12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on December 1, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-26505 Filed 12-5-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/12/06/2022-26505/notice-of-termination-of-receiverships
12/6/2022 Notice of Termination of Receiverships
A Notice by the Federal Deposit Insurance Corporation on 12/06/2022
Notice of Termination of Receiverships
The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.
Fund Receivership name City State Termination date
10005 ANB Financial, NA Bentonville AR12/01/2022
10012 Integrity Bank Alpharetta GA 12/01/2022
10037 Corn Belt Bank & Trust Company Pittsfield IL 12/01/2022
10061 Bankunited, FSB Coral Gables FL 12/01/2022
10131 Hillcrest Bank Florida Naples FL 12/01/2022
10220 Citizens Bank & Trust Company of Chicago Chicago IL 12/01/2022
10330 The Bank of Asheville Asheville NC 12/01/2022
10336 American Trust Bank Roswell GA12/01/2022
10531 THE Enloe State Bank Cooper TX 12/01/2022
The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.
(
Authority:12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on December 1, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-26505 Filed 12-5-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/12/06/2022-26505/notice-of-termination-of-receiverships
Reports from 4,746 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reflect aggregate net income of $71.7 billion in third quarter 2022,
Trades in the symbols “BN WI” and “BN” on the NYSE and the TSX, respectively, on or after December 1, 2022
Brookfield Fund Buys J.P. Morgan Properties (which includes Washington Mutual)
****************************
Brookfield Fund Buys J.P. Morgan Properties
Feb. 11, 2010 9:33 pm ET
A real-estate fund run by Brookfield Asset Management said Thursday it acquired 16 office properties with about 2.9 million square feet from J.P. Morgan Chase & Co. The price was about $200 million, according to a person familiar with the matter.
J.P. Morgan acquired many of the properties as part of its deals to buy other financial services firms like Bear Stearns Cos. and the banking operations of Washington Mutual. Bank executives have repeatedly said they have too much real estate and intend to sell some of the office space. J.P. Morgan will lease back about 60% of the space on a long-term basis.
This deal includes four properties in Dallas, Tampa and Columbus 100% leased to J.P. Morgan. The other properties are located nationwide and include an 800,000-square foot office tower in Houston and a 650,000-square foot office campus/data center site in Whippany, NJ.
In the last four years, real-estate funds sponsored by Brookfield have acquired more than 100 properties from J.P. Morgan equaling about 12 million square feet. The latest deal comes at a time that deal activity in the commercial real-estate market has virtually ground to a halt because of the economic downturn and lack of financing.
"We are not aware of a similar transaction involving this scale that was not otherwise precipitated by a distress situation in the last two years," said Steven H. Ganeless, the fund's senior vice president.
Murray Leith, an analyst with Odlum Brown, predicts Brookfield will continue buying property. "They're definitely in the market to take advantage of opportunities," he said."They've stepped up their efforts to commit capital ... It's a buyer's market."
The Brookfield Real Estate Opportunity Fund invests and manages two funds with $1.8 billion of assets composed of commercial office, industrial and multi-family properties.
https://www.wsj.com/articles/SB10001424052748704337004575059951724498676
"The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors."
"The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors."
wow, 22 banks, some from 2008 and 2009
wow, 22 banks, some from 2008 and 2009
11/17/2022 Notice of Intent To Terminate Receiverships
Notice to All Interested Parties of Intent To Terminate Receiverships
A Notice by the Federal Deposit Insurance Corporation on 11/17/2022
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.
Notice of Intent To Terminate Receiverships
Fund Receivership name City State Date of appointment of receiver
10019 FREEDOM BANK BRADENTON FL 10/31/2008
10036 FIRST BANK FINANCIAL SERVICES MCDONOUGH GA 02/06/2009
10053 AMERICAN SOUTHERN BANK KENNESAW GA 04/24/2009
10115 PLATINUM COMMUNITY BANK ROLLING MEADOWS IL 09/04/2009
10120 IRWIN UNION BANK AND TRUST COMPANY COLUMBUS IN 09/18/2009
10163 NEW SOUTH FEDERAL SAVINGS BANK IRON DALE AL12/18/2009
10205 DESERT HILLS BANK PHOENIX AZ 03/26/2010
10217 TAMALPAIS BANKS AN RAFAEL CA0 4/16/2010
10224 WHEATLAND BANK NAPERVILLE IL 04/23/2010
10234 THE BANK OF BONIFAY BONIFAY FL 05/07/2010
10251 FIRST NATIONAL BANK SAVANNAH GA 06/25/2010
10257 IDEAL FEDERAL SAVINGS BANK BALIMORE MD 07/09/2010
10296 WAKULLA BANK CRAWFORDVILLE FL10/01/2010
10306 FIRST ARIZONA SAVINGS, FSB SCOTTSDALE AZ 10/22/2010
10317 EARTHSTAR BANKSOUTHAMPTON PA 12/10/2010
10380 BANK OF CHOICEGREELEY CO 07/22/2011
10402 COUNTRY BANK ALEDO IL10/14/2011
10412 COMMUNITY BANK OF ROCKMART ROCKMART GA 11/10/2011
10425 SCB BANK SHELBYVILLE IN 02/10/2012
10433 FORT LEE FEDERAL SAVINGS BANKFORT LEE NJ 04/20/2012
10488 FIRST NATIONAL BANK EDINBURG TX 09/13/2013
The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors.
Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201.
No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on November 14, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-25072 Filed 11-16-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/11/17/2022-25072/notice-to-all-interested-parties-of-intent-to-terminate-receiverships
11/17/2022 Notice of Intent To Terminate Receiverships
Notice to All Interested Parties of Intent To Terminate Receiverships
A Notice by the Federal Deposit Insurance Corporation on 11/17/2022
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.
Notice of Intent To Terminate Receiverships
Fund Receivership name City State Date of appointment of receiver
10019 FREEDOM BANK BRADENTON FL 10/31/2008
10036 FIRST BANK FINANCIAL SERVICES MCDONOUGH GA 02/06/2009
10053 AMERICAN SOUTHERN BANK KENNESAW GA 04/24/2009
10115 PLATINUM COMMUNITY BANK ROLLING MEADOWS IL 09/04/2009
10120 IRWIN UNION BANK AND TRUST COMPANY COLUMBUS IN 09/18/2009
10163 NEW SOUTH FEDERAL SAVINGS BANK IRON DALE AL12/18/2009
10205 DESERT HILLS BANK PHOENIX AZ 03/26/2010
10217 TAMALPAIS BANKS AN RAFAEL CA0 4/16/2010
10224 WHEATLAND BANK NAPERVILLE IL 04/23/2010
10234 THE BANK OF BONIFAY BONIFAY FL 05/07/2010
10251 FIRST NATIONAL BANK SAVANNAH GA 06/25/2010
10257 IDEAL FEDERAL SAVINGS BANK BALIMORE MD 07/09/2010
10296 WAKULLA BANK CRAWFORDVILLE FL10/01/2010
10306 FIRST ARIZONA SAVINGS, FSB SCOTTSDALE AZ 10/22/2010
10317 EARTHSTAR BANKSOUTHAMPTON PA 12/10/2010
10380 BANK OF CHOICEGREELEY CO 07/22/2011
10402 COUNTRY BANK ALEDO IL10/14/2011
10412 COMMUNITY BANK OF ROCKMART ROCKMART GA 11/10/2011
10425 SCB BANK SHELBYVILLE IN 02/10/2012
10433 FORT LEE FEDERAL SAVINGS BANKFORT LEE NJ 04/20/2012
10488 FIRST NATIONAL BANK EDINBURG TX 09/13/2013
The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors.
Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201.
No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on November 14, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-25072 Filed 11-16-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/11/17/2022-25072/notice-to-all-interested-parties-of-intent-to-terminate-receiverships
11/4/2022 - Notice of Termination of Receiverships
A Notice by the Federal Deposit Insurance Corporation on 11/04/2022
Notice of Termination of Receiverships
Fund Receivership name City State Termination date1
0024 PFF BANK AND TRUST POMONA CA 11/01/2022
10026 SANDERSON STATE BANK SANDERSON TX 11/01/2022
10062 STRATEGIC CAPITAL BANK CHAMPAIGN IL 11/01/2022
10185 LA JOLLA BANK, FSBLA JOLLA CA 11/01/2022
10190 WATERFIELD BANK GERMANTOWN MD 11/01/2022
10226 CF BANCORP PORT HURON MI 11/01/2022
10267 SOUTHWEST USA BANK LAS VEGAS NV 11/01/2022
10298 SECURITY SAVINGS BANK OLATHE KS 11/01/2022
10305 THE GORDON BANK GORDON GA 11/01/2022
The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on November 1, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-24095 Filed 11-3-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/11/04/2022-24095/notice-of-termination-of-receiverships
11/4/2022 - Notice of Termination of Receiverships
A Notice by the Federal Deposit Insurance Corporation on 11/04/2022
Notice of Termination of Receiverships
Fund Receivership name City State Termination date1
0024 PFF BANK AND TRUST POMONA CA 11/01/2022
10026 SANDERSON STATE BANK SANDERSON TX 11/01/2022
10062 STRATEGIC CAPITAL BANK CHAMPAIGN IL 11/01/2022
10185 LA JOLLA BANK, FSBLA JOLLA CA 11/01/2022
10190 WATERFIELD BANK GERMANTOWN MD 11/01/2022
10226 CF BANCORP PORT HURON MI 11/01/2022
10267 SOUTHWEST USA BANK LAS VEGAS NV 11/01/2022
10298 SECURITY SAVINGS BANK OLATHE KS 11/01/2022
10305 THE GORDON BANK GORDON GA 11/01/2022
The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on November 1, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-24095 Filed 11-3-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/11/04/2022-24095/notice-of-termination-of-receiverships
Sure, lol….
Fred, all your united western bank predictions have been wrong.. so if you can’t figure out tiny uwb, I doubt you know anything about wamu.
Legal Update/ São Tomé and Príncipe: Framework for the provision of services to the oil industry
18 October 2022
São Tomé e Príncipe has reviewed the framework for the provision of services to the country´s oil industry, according to official legal database Legis-PALOP+TL.
As of January 1, 2023, Authorized Persons, that is, contractors who have entered into a petroleum contract with the São Toméan Government, may enter into contracts with petroleum subcontractors for the provision of exploration, drilling, offshore construction, pipeline/ production, equipment supply services, laboratory, maritime or special transport, pressure testing, calibration, diving, among others, provided they meet the following conditions:
– Preferably hire local service providers, insofar as the services they provide are identical to those available on the international market and their prices, when subject to the same tax charges, do not exceed 10% of the prices charged by foreign contractors for the same services.
– Consult Santomean companies under the same conditions as for consultations with the international market, under the terms to be previously agreed with the National Petroleum Agency (ANP)
Petroleum subcontractors must comply with the following under penalty of a fine in the amount of USD 6,000:
– Register with the ANP, even if the services are provided outside the national territory, by means of an application addressed to the Executive Director of the ANP, which issues a registration certificate that qualifies the applicants as Petroleum Subcontractors and authorizes to provide support services to the industry national oil company in this capacity;
– Submit a copy of the contract between the Authorized Persons or Associates and the Petroleum Subcontractors to the ANP within 10 days.
Subcontractor registration fees of USD 2,500 apply. For the provision of ordinary related services, that is, which do not constitute specific services specific to the oil industry, oil contractors must, under penalty of a fine in the amount of USD 10,000, resort to citizens or companies residing in São Tomé and Príncipe, except in cases of high technical complexity and which do not exist in the country or which, for duly proven reasons, cannot be provided only by national companies and citizens, in which case the creation of international consortia is allowed.
https://www.clbrief.com/legal-update-sao-tome-and-principe-framework-for-the-provision-of-services-to-the-oil-industry/
LOL, of course, it's Xoom. I knew that. Sorry. LOL.