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JWN, Thanks Very Much for Sharing this. GLTU & GLTA!
I Agree. It's a worthless exercise rehashing same Links from Dockets that were filed years ago with marginal recoveries based on employees Insurance pmts etc. that may have already been paid to some Creditors' lean 'recoveries' by now. But whatever folks may want to spend their time on that makes them happy...
NO. That is one of the angles....
Sorry to hear about your losses during 2008 Financial Crisis...Yes, it was (and still is) a Rigged Game where the Main Street Retail Loses and Wall St Honchos and their Political Fixers make it 'Hand-Over-Fist'...
Learnt a "Mortgage Hack" today watching a You-tube Video that IF you are buying a $500,000 Home today which has $10000 of Closing costs 'wrapped into the loan' at an interest rate of 7%, 30-Yr Mtg, IF instead you pay that 10000 Closing costs by taking a 'Line of Credit' from your Bank at 12% simple interest and take the loan for only $490K instead of $500K, you save ~$63000 in interest over the first 5 years of your loan, BAM! These guys were not called 'Banksters' for no reason! Also, Never "Refinance" you Loan even a couple of percent points lower because they'll again have the 'Closing Costs' and then 'Re-start' the Clock on pretty much the 'Wole Principal' because in your first 5-years, a BULK of your monthly payments go towards the 'Interest" the Banksters will 'Collect First' (which they calculate for whole 30 years) and hardly anything goes towards your Principal...So IF you are 'Refinancing' you will 'Re-start' the $$SCAM of "Paying the Interest First"!
LOL...It'll be interesting to see how many will keep posting on this MB come Jan 3rd, 2024!
On ECAPS vs LBHI case watch...Hopefully Good News on Oct 9th...
There is nothing "Bi-Partisan" with Democrats...they'll ALWAYS be 'Partisan' to their Grave....
Wow! Thanks for sharing this!
Finally! Someone who is a Congressman has really shown a Spine and actually fighting for Americans/shareholders private property rights and against this 'Fraudulent' De Facto 5 AT Taking and Nationalization of the GSEs!
Hmm...I will have to start checking up on those 1000 Acre ranches in West Texas again...
We don't have a problem...You seem to be going off for reasons unknown, contesting Cotton who is just posting the Docket. When LBHI puts out that number it has to distribute that amount. Do you know more than LBHI as to what it is distributing??? It's a Court Docket, for crying out loud...
?????
READ & COMPREHENDE TG...NO Calling Names & Don't Hallucinate Either!
Docket #61614:
NOTICE REGARDING TWENTY-SEVENTH DISTRIBUTION PURSUANT TO
THE MODIFIED THIRD AMENDED JOINT CHAPTER 11 PLAN OF
LEHMAN BROTHERS HOLDINGS INC. AND ITS AFFILIATED DEBTORS
As previously disclosed, additional Distributions under the Modified Third
Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors,
dated December 5, 2011 [ECF No. 23023],
1 will commence on October 5, 2023 (the “TwentySeventh Distribution Date”).
Attached hereto as Exhibit A is a list that indicates the percentage recovery that
Lehman Brothers Holdings Inc. will distribute to holders of Allowed Claims as well as the
cumulative percentage recovery distributed to holders of Allowed Claims in each Class under the
Plan (other than secured, administrative or priority claims).
Attached hereto as Exhibit B is a summary of the aggregate amount of Allowed
Claims eligible for Distributions on the Twenty-Seventh Distribution Date, listed by Plan Class.
The aggregate amount that will be distributed on the Twenty-Seventh Distribution
Date will total approximately $23.7 million.
"On the clandestine agreement, the waiver agreement,"
Clandestine Agreements everywhere! That's what the Scum LBHI lawyers & the Debtors/Plan Administrators (AKA "Sr. Creditors") are up to! It's to the credit of Ms. Hilliard and her lawyer team representing LB GP1 (The ECAPS Trust) that they have been diligently monitoring and fighting so hard for their 'ultimate beneficiaries' - The ECAPS holders, as she so forcefully explained to the Judge...And the Judge really was PO'ed and clearly let his consternation 'known as evidenced in the Transcript.
I hope JPMC's Trust Department will play the same Role in protecting our CTs money that LB GP1 and their Lawyer team has played in safeguarding ECAPS money across the Pond and fighting to 'wrest it' from the Clutches of LBH PLC/LBHI, even as we speak, as they are to filing their Case briefs for proceeding starting Oct 4th, 2023....Would be real interesting to see the Final "Judgement' ,hopefully on Oct 9th.
TG, The money is held by JPMC, Part of the $8.7B JPMC held back when LBHI filed for BK...as we know LBHI asked the BK Judge to ask JPMC to 'return back' that money BUT the BK Judge only let LBHI have $700M of it 'returned' to LBHI and let JPMC keep the $8B of it with it, as part of the "Settlement Agreement'...there is a reason that the Judge agreed with JPMC that only 700M would be 'returned' and let JPMC hold back the $8B...because that is the money that was for all the Trusts' classes of Securities that JPMC was the 'Guarantor' for, including the US CTs.
"So, bankruptcy classes are null and irrelevant. The CTs' Holders are not Creditors in LBHI's Bankruptcy. We only have an interest in the trusts."
EXACTAMUNDO! The *only* reason we were 'put in the BK Class Hierarchy' was due to a cunning mechanism/plan used by LBHI/St Creditor Committee(Debtors) to push out the payment of our Divis and instead 're-direct' them to 'higher creditor classes', the money form the CTs 'performing sub-ordinate securities' to the Sr. Creditor classes. And that is the reason all CTs are /were trading freely (of course, now 'deliberately' pushed off from main OTC by LBHI goons)... It is because they are separate securities that were issued by the CT trusts, and not due to any "Altruistic" disposition towards CTs by LBHI... We are seeing how the powers-that-be at LBHI are behaving towards ECAPs, I would say their disposition towards CTs would be the same...I hope the BIG holders of CTs would step in after October 9th ECAPS judgement, which I am 90% certain would be in favor of the ECAPS, and demand that JPMC/LBHI redeem CTs with all back interest pmts / Re-instate the CTs with immediate effect.
Thanks for sharing the DD. Hopefully, ECAPS/RSM will get a Favorable Ruling by Oct 9th and hopefully LBHI will then will be forced to let the CTs be paid our monies held by JPMC soon after that !
"The hedgies are tired of waiting"
How do you know??? Sophisticated investors that they are, I am of the opinion that they made their 'Back room Deals' long time ago and have been paid their Share and all 'our' 'F&Rs' promised have been STOLEN by JPMC...We keep pushing back the Dates but it's better we reconcile to the Facts on the Ground...Always it's some other "Stupid Pretext"...Why should the LIBOR Settlements stop them paying our "F&R" in any way...Yeah, yeah yeah, I get the 'interest rate differential' nonsense BUT If they were really Honest about paying the "F&R" promised to us, they could have always paid the LIBOR recoveries After paying us the "F&R" for all the Assets that Got SOLD/being sold to JPMC in a phased manner...
September 30th is Here.... Where are our "F&R"s promised??? They have all Been STOLEN....Don't keep believing the 'Hopium' being Pushed here...
Is it even Legal to distribute to other CT securities in the same Class (Class 10-B) and Not distribute our (the US CTs) Interest Payments? I thought this was exactly the REASON that SEC was formed by the Acts in 1933 & 1934....Right there, we have a Lawsuit to File against LBHI/ JPMC/ BNYM.... And on Top of that we clearly Have the LBHI Prospectuses that state that the US CTs are 'Sr or on Parity' to any other CTs that were/will be issued in future by LBHI....This is such a Glaring Fraudulent Action by LBHI that the only reason I have not contemplated any Lawsuit till now is because I am thinking that the BK Courts would Not have allowed such Glaring Perversion/breaking of the Law by LBHI and that LBHI lawyers have 'in private' showed to the Judge and JPMC & BNYM 'Funds' that they have 'ear-marked' to either ;Re-instate or Redeem' the US CTs and that is the only reason that the BK Judges approved LBHIs 'Plan of Reorganization' that did specify that the CTs are 'allowed claims'...
I am hoping that a Judgement in favor of RSM/ECAPS on/before October 9th, 2023 by the UK Court will 'precipitate' an Action that LBHI/JPMC/BNYM cannot avoid and will compel them to Redeem/Re-instate the CTs and their Q-Divis....
Since Class 10B was already decided by UK Courts and Class 10A (ECAPS LP IV & LP V) are the one pending to be heard 9th Oct - 14th Oct 2023, IF the Courts rule in Favor of RSM/Liquidators of the ECAPS Trusts (LP IV & LP V) in October, Are we in Class 10C (US LBHI CTs) in any better position to get the CTs Re-instated / redeemed by JPMC in near future? Or do you think we are at the Beck & Call of LBHI to allow Re-instatement/ Redemption of CTs by JPMC till after they drag it out to 2025, claiming other 'higher' creditors "need to be satisfied"?
Unfortunately, the US BK Court System is in the Pockets of the Wall St Honchos and they don't have "Justice for the Common Shareholders' as their goal compared to the UK/European Courts which are always trying to ensure Justice for the Shareholders! TIA & GLTU!!!
Oh. I read here messages from other posters who were alluding to Plaintiffs being able to 'cite' this Verdict in their case filings. So , that is not true? Is it true only if such a Judgement was from the Supreme Court? Not a lawyer here, so I'm ignorant of the finer nuances of the law. TIA & GLTU!
What about Judge Lamberth's "Certification" of the Jury Verdict? Why is he delaying it? Can the Jury Verdict be used by other cases' Plaintiffs to amend their filings right now or will they have to wait until Judge Lamberth 'certifies it' officially? Do you think this is the reason that he is deliberately delaying certifying the Verdict? TIA & GLTU!!!
Awesome Response to that $cumbag & Thief!
Hank Paul$on $coundrel, what a POS, Everything he did was to Line up his Pockets by Boosting price of his GS Stock, especially the way he hatched the PLan and Killed Lehman which was becoming the Mian Competitor for GS...That POS Has a Special Place in Hell for the misery he visited upon all the Mom & Pop Shareholders of FnF!
New Flow works too hard to search through and hang on to any 'last strands of Hope', I guess! While I commend his efforts and of course he is bringing to light details that I am sure many on this board may not be aware of, nothing in those Dockets really 'Springs Out' as Huge "Missed Nugget"....As Far as I am concerned, I am more in the camp with LG that 'Assets are somewhere hidden' (Call it 'Safe Harbor' or whatever it may be) and as was well known when the PAA (that was made 'public' to us), they deliberately did not list out / Heavily Redacted a lot of details. For What purpose this was done, non one here can say...It's only our 'Hopeful' Assumption that this was done because they were 'Beyond' the reach of BK/Creditors and that somehow the CARTEL will allow us to 'Partake' in the Immense 'Conveyance of Hidden Assets' to the Members of the CARTEL who hatched "GRAND THEFT WaMu", in the first place...
So Yes, Nothing that New Flow is seeking to find in these Dockets will make any difference in any way for our "F&R" Recoveries promised...We are just waiting for 'some morsels' to be thrown our way as "F&R' by the Hedgie CARTEL...
SHOW ME DA MONAY, Everything Else is Noise!
I want my Money of my CT s NOW! The 'US Citizenry' "has been Conditioned to be Docile" and Take it up their A$$$es by the Washington Political Class-Wall St NEXUS, while the Washington & Big Wall St Big Bo$$$es RIP them off and Make money "Hand Over Fist".... JPMC Trust Company in Delaware (Christiana Stanton Road, Wilmington) is Holding our CTs money and others money in Classes 9 & 10 A-B-C...They Better Pay us or JPMC is looking at a Lawsuit For "Breach OF Fiduciary Trust" and STEALING Beneficiaries money from the CT Trusts....It is as Simple as that!
I watched the Video of the America First policy speech he gave. It was awesome! It would be great if he becomes next president OR Even if he cannot get nomination and Trump gets another chance, then Vivek will get the job done IF he gets the VP position with that responsibility...
Long Live the 5th Circuit! In the end it is the One Court that will help us tear away FnF from the Tyranny & Clutches of FHFA & the UST'...And I am happy that I Fall under its Jurisdiction...
Can't believe the "Scam' transactions that are occurring after Schwab, TDA Et Al Keep sending us 'threatening emails' that they will be not allowing any more 'trading' of the CTs. Where exactly did this transaction occur? In Canada on Canadian exchanges? I don't know how that is being allowed after they keep telling us here in US that no 'Buying' is allowed for the CTs on US exchanges...It looks like the MMs STOLE someone's CT Shares right from his Account by subjecting a 'Margin Call' or something like that!
Meanwhile, my Accounts themselves 'disappeared' though my wife's accounts got 'transferred' to Schwab... Just noticed that, was busy through the day...Will take up with Schwab $coundrels on Monday...
"who were direct owners of the assets "
F#@!CK, Meaning The Creditor Ba$tards got ALL our Assets...$coundrels STOLE Right from under our Noses...That's Why I never TRusted that EC Chair-Snake, who sold His Soul to the Devil and SOLD Us Down the River...I sensed something was amiss Right When the $Coundrel EC Chair_$nake DID NOT pursue to prosecute the Hedgie Insider Traders in the BK Court itself, when the Judge Found them 'Colored' for Insider Trading which came out during the "Discovery" by SG!
"Creditors threw us a bone!!"
Er, More like 'Scraps' off that Bone! Just coming to the Realization, Eh, After reading through everything in detail? I have been having my suspicions Right from that First Press Conference AFTER Wamu 'emerged' as "WMIH" when The $nake EC Chairman answered OR Rather 'Not Answered' any of our Shareholders' questions in a 'straight-forward' manner... The $UCmBag wouldn't even confirm whether 'WMIH' was OUR Common Stock of the 're-merged' WaMU because the $coundrl's 'Friends & Family' were Not yet Done "Loading" WMIH on the Cheap... I saw through that BA$Tard's Games and Bought as much WMIH as I could around 40C area, when the Cartel 'Crashed the PPS' so that their "Friends & Family could Load-up the Truck...
Hmmm.. Right there in B/W...Assets transferred to Equity Holders (Us WaMu Escrow-holders) AND THEN, Assets got transferred..er "ECLIPSED' to Liquidating Trust (AKA Creditors) through the 'Magic Wand' I suppose, who will be the Beneficiaries now. I never got No LTI Trackers what-so-ever....Right from under our Noses...WK,MW, Sout, CS, DL & KKR & Of course the Hedgies (LT Beneficiaries) -The CARTEL...Never Trusted those Nest of Viper $Coundrels from Day 1!
"Lamberth determined that the ONLY Damages that the Shareholders were entitled to was the one day drop in Share price right after the Net Worth Swipe was announced."
If I may, do you know what the drop in the PPS was when the NWS was announced? Was it substantial or were we already in Penny land by then and it was a 'Puny' drop in PPS? Someone was saying it was hardly 6c/share but that could have been a Partisan JPS holder. TIA & GLTU
"They picked an election year on purpose. Look for 2028 to be a very, very contentious election, with probably lots of "GSE" stuff mentioned in the news."
While I agree with much of your Post, if this goes till 2028, I do not think this will come up in anyone's election talking points to the level you are expecting...And the simple reason is that the Gullible American public are too lazy/plain dumb to understand what is at stake and will continue to 'buy' the GubMent's Media propaganda that its the "RICH & Greedy Hedge Fund investors" that want the FnF to be set free....
Very pragmatic post. I hope that the GubMent rubes have the Common sense to look at the Big picture the same way as we are.
Sadly, I am learning the hard way of the truth in your statement. These stocks are so manipulated, at will by the MMs working for UST Goons! So Much Corruption! All my profit evaporated in 4 hours in just today's crash in PPS in FNMA!
WTH are we crashing like this today? Any Fresh News out from Lamberth about some 'puny' damages award? TIA & GLTU!
So, What's your Opinion on it? Are you Bullish or Bearish regarding the Conservatorship Documents you posted? TIA & GLTU!
Like I said, Absolutely No Resistance till $2.52....When will we get there is anybody's guess and depends on If Whales Move in BIG....The Twins need to have a 140M Volume Trading Day between them, that's when we know Whales are Movin' In!
Two-Bit Thugs they All Were...And SOLD US Down the River...And The Cartel Gets it ALL! We will still be amusing ourselves with these "Musings", at our Thanksgiving Table on this MB in 2025!
Can't Even Believe I am still reading and posting on this MB, Bad Habits Die Hard....
Meanwhile my FnF twins are 'perking up' and things more active and movin' with Lehman...Never thought they'll perhaps wrap up sooner than WaMu!