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Hey RD,
I know you are Over-Zealous sometimes But I do not question your commitment to 'Find the Truth' and 'Investigate the Conspiracy/Fraud that may be taking place' as regards to the "F&R" Recoveries owed to ALL Of Erstwhile WaMu Equity-holders.
So, next time when you intend to have any "Greet & Meet', please include me in the Invite If it is anywhere in the US. Boston is fine too though I live in Houston, TX.
Best Regards -Stox.
"130 billion has to be Paid Out" is a False Statement if it is being touted as 'a Condition' to Close LBHI BK Case...Wait & Watch!
EVEN BETTER!!! (Being 'Not Included' in 'Recovery' of LBHI 'BK proceeding')....
Awesome! LBHI has tons of money stashed away everywhere....Folks are 'Clueless', shall we say? LOL...
'Hail Mary'? Obviously you don't know all the 'SIV's into which LBHI stashed all its Real Estate Holdings...Heck. They even had an SIV named after my city in India where they bought holdings of Buildings in an SEZ, I was blown away when I discovered that....Not to mention of tons of RE all along West Coast, Europe , Singapore, Middle East etc...
Umm... Err... Do you know something called 'BK Remote Safe Harbor Assets' ???. Don't bother to answer...
Are you that same guy from Atlanta (forgot his 'handle') who said his house burnt and said he wanted to post here to 'save us' from 'having hope'???
Yeah, Real Frustrating that we have to wait so long....But even more frustrating is LBHI has gone into a pure 'stonewalling' and 'Obfuscation Mode' as regards to where the "Closing of BK process' of LBHI is. We were told by the Judge in Court hearings (and also in Docket filings) that the BK 'is being closed' almost 2 years ago...And yet...nothing on the EPIQ webpage nor any more Dockets about the 'closing of the LBHI BK'....
Really 'Pliable & Corrupt' Judges have brought a Blemish to their positions... It's so sickening that they can dismiss Iron-Clad 'ISDA Business Contracts' (and according to ISDA, SEC & other regulations by International Financial Regulatory Authorities) solely to 'protect' one party which they seem to have been 'bribed' by. It's sickening that this Judge just sought to 'nullify' a purely Financial Contract', maybe just because this Insurance company may have paid 'campaign contributions' to democrats!
Thanks for sharing that info.
Did you find any mention of when LBHI BK Case may close, in the Report? TIA & GLTU!
Interesting....Maybe if we hit Big with our Lehman Holdings, I may seek your advice on some Oil Wells Acquisition in and around Eagle Ford and Permian (Giddings, San Angelo and surrounding areas). With the way the US is going into a steady decline, with insurmountable Debt being created by corrupt Politicians ( in both parties), its only a matter of time before All US Treasury Auctions will fail and US will have to declare BK...And we go into a Prolonged Depression while at the same time there will be Hyper-inflation,... Energy interests -OIl wells/royalties, Energy E&P & transmission companies may be the best bets.
Real777,
In your opinion, What, If anything, is holding up LBHI from 'Closing' this BK Case? TIA & GLTU!
I am waiting for and hoping for LBHI to 'Close' the BK Case (Case# 08-13555). Previously, when Cotton had written the letter to Judge Chapman for clarification regarding the CTs and appeared before her in a Hearing, she stated something to the effect that 'The Trustee had filed on behalf of the CTs as Allowed Claims'and that the 'BK Case is coming to an End soon'... that was almost 6 years back in 2018, if I recall.correctly. And there were even filings in the court that the BK is 'being closed'...But after that, there have been no other filings on the Docket about how the "Closing' was proceeding...And all we've been seeing is case being prolonged with 'Distributions' every 6 months, with almost very tiny recoveries recently...I am hoping this 29th Distribution for the period ending Sept 30th, 2024 will be the last and we see some filing soon in October at least hinting at 'starting the Close' of the BK case.
There are enough of these BigWigs who are VHNW investors with JPMC that JPMC felt 'compelled' to protect their interests and went into a "Settlement' with LBHI persuant to which their rights will not be extinguisehed regardless of how the Chapter11 Saga of LBHI ends because the CT Trusts were/are not under any BK and have been collecting the interest payments from the underlying Debt and disbursing it, per the 'covenants'... and per those covenants, those interest payments have to be resumed to be 'paid'/re-instated to the actual CT holder investors as soon as Chapter 11 BK of LBHI closes....And I have a suspicion as to why JPMC may have 'closed' the LEHKQ CT Trust and was then in process of 'closing other CT trusts also, as the "Guarantee Trustee' but then held off on closing the others....
As long as you got CTs, you are getting paid. JPMC cannot pay its BigWig CT holder Customers and not Pay 'other pesky little' CT holders like us...you see there is this 'pesky' Law called the SEC Act of 1939....
July MOR... Interesting as we hardly have any cash left....
https://document.epiq11.com/document/getdocumentbycode?docId=4374561&projectCode=LBH&source=DM" rel="nofollow" target="_blank" >https://document.epiq11.com/document/getdocumentbycode?docId=4374561&projectCode=LBH&source=DM[tagDocket #61679 [/tag]
All Very Valid Points...TIA & GLTU!
Thanks for your Efforts confiriming about our WaMu CUSIPs from E-Trade and sharing with us here.
Please also share what you may find from Schwab/TD Ameritrade. TIA & GLTU!
I hope we will get some Filing about closing the BK from LBHI in September...they are really testing our patience now.... Absolutely no need to drag this on and on...Its as if the lawyers want to keep billing and they may be padding more hourly billings than what the 'distributions' are to the creditors, at this point....
LG, When do you think the DST will start distributing the recoveries to us Escrow holders? What is holdin up things? Is it FDIC-R still not able to close the Conservatorship, which in turn can only mean that JPMC is delaying paying for whatver Assets it bought under the PAA.? TIA & GLTU.
I hope we won't have any more 'disributions' and LBHI re-instates the CTs in September...
Exempt from BK....
I did see see this list a while back but thanks very much for posting it. I saved it, just in case... Apart from the ECAPS under the heading 'European Entities, all the 4 CT Trusts are listed under the US Entities.. And there are a Ton of Entities in Asia...GLTU & GLTA!
Yeah, Time for LBHI to show its cards....What is it going to 'distribute' when there is nothing more to 'distribute'...we'll know Aug 18th, hopefully...
Hiow so? If they had waited just a couple of weeks more, they would have offered for an interest rate at least 75 basis lower, if not 100 bass points. Make syou wonder if the CFO/Treasurer doesn't have the pulse of the market and the economy...
Looks like the LIBOR 'Recoveries' were all imaginary. Now, If only we get some finality of our WaMu "F&R Promised" with the powers-that-be at FDIC and COOP Mgmt....At least my LBHI BK is proceeding per plan...luckily no Crooked FDIC /UST is involved there to hijack that BK administration!
Hopefully we'll get the News of LBHI 'Closing BK filings' by Aug 18th.
How I wish it would come true, LOL!
What are you talking about? We all received the "Release Form" (that you were supposed to sign after indicating whether you were "Releasing' or Not). THAT was the BALLOT that was tallied/counted and we were then informed (Not us 'individually' but in subsequent filings) how many Released and how may 'Did Not'. There was no other Ballot I received. As far as I know, I think that is the case for everyone here....
NOW, AZCB comes up with a Different Lie everyday as to why/how he is the ONLY one who is receiving /will receive recoveries for his Us (as he doesn't seem to have any Ps/Ks), we all take those postings with a LUMP of Salt.....
I thought there was a ruling already and yes, it involved JPM as one of the culprit banks involved in the rate fixing and it was fined some $MMM , along with other banks as part of that 'Settlement'. What more are you expecting to hear still? TIA & GLTU!
I thought last week she already ruled and the syndicate of banks involved paid out in $$Millions and Not $$BB and that's the end of it. As far as whether FDIC got any of those recoveries and if they'll forward it to the banks that were the victims is anybody's guess...
I hope we see that 8-K soon too, now that at least the 2Q has ended June 30th. But I don't know what these Crooks at COOP and the Hedge Funds have in Mind as invariably the resolution for our "F&R Promised" seems to be 'Kicked Down the Road; forever...Thanks for your Post & GLTU!
$10000/P share & $7.68/Uq share is awesome. But the question has been when will we ver see our money....
Yes. Previously many here said overturning that case will mean we willhave much better outcomes in the court cases! Just heard on CNBC that it got overturned by SCOTUS. Great news,hopefully our cases will have better outcomes using this precedent now. Add his to JB's disaster in debate yesterday, I am adding substantially today...
"JPM paid 1.88 billion for WAMU Banks and related assets PLUS STOCK!!!!!!!!! it is there in plain language, it does not say more will be paid later... this is the FULL PURCHASE PRICE!!!!!!!!!!!... Lodas"
More & More, as every day passes, it looks that way...And whatever were 'hidden' have been 'pilfered' (Or "Eclipsed') by the Hedgies & KKR using their 'Magic Wand'!!! All theories we have going here appear to be 'grasping at the Last Straws' and we keep 'pushing the Dates'... And then the LIBOR from which the FDIC was supposed to give WaMu/COOP, a "Windfall"! REALLY??? IF there is anything we should have learned by now with this whole WaMu Saga is that JPMC is FDIC/FED's 'Favored Child' (Actually the FED itself is 'owned' by the biggest Banks on Wall St and JPMC is the BIG Kahuna of them ALL!) and any and substantially majority of those LIBOR Recoveries will be 'conveyed to JPMC' in one form or the other....
Could you define "longer"? What time frame would you consider would be "much longer"? TIA & GLTU...
Nice. Thanks for sharing & GLTU!
I hope so LG. We've waited so long, another 3 months for some 'confirmation news' is very soon indeed. Thanks & GLTU.
LG, So, Who is 'In Control' of these BK Assets? Only the Trustees- BNY Mellon et Al? And In Final analysis, it is FDIC because it is not 'allowing' them to disburse anything to us "WaMu Escrow-holders' at this time? TIA & GLTU!
Its Jun 6, 2024 and we got not a Penny from the supposed 'Settlement of LIBOR Litigation' by the FDIC to us WaMu Escrow-holders.... I don't think we ever will The UST & FDIC are the most corrupt organizations in the world, they'll only steal Shareholder wealth, whichever way they can. US Shareholders virtually have no rights, especially with UST and the US Delaware/SDNY Court system. Its rigged in favor of Wall St/Hedge Funds....Same story with WaMu, FNMA/FMCC and with Lehman. While the UK Court system ensured that the UK Capital Trust Shareholders of Lehman PLC are almost getting 100% recovery in the BK case, its a whole different story with the way Delaware BK Court - essentially a 'Rubber Stamp' for all the Lies that LBHI (US) recites in the Court that it has 'no money' to pay US CT holders while it 'redirects' all the recoveries of their interest payment on CTs to higher Creditor classes forever!