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'Who' are you referring to? Are you seeing some BIG Buyer loading up at that level? Do you think it is Buffet or some other Whale? TIA & GLTU!
TAX DATE 2024 is the Deadline for me...If we still keep dreaming after that, I think its a Fool's Errand...
Calm BEFORE the STORM...Getting Ready to Blast-Off 'gain in the Afternoon...
Yeah Baby...Loading up More Now $$$$ Yipppeeee!...Loaded up more at $1.36!!!
TRUTH is a Very Bitter Pill to Swallow...I think by Tax Date 2024 a Lot here will have the 'Realization' 'Dawn upon them'....The EScrow-Markers were the LAST connection we had to have any chance of Legal Fight...BOP put in a Valiant effort to stop them from 'getting Erased' but many here ($coundrels, who have now 'disappeared') were beating up on her for 'Delaying' our "F&R' and unfortunately for us, the D'Honble Judge did the FED/FDIC/JPIG Bidding and let them "Erase' our Escrow-Markers... Where are our "F&R", it has been almost 3 Years since our Escrows got erased... Where are the $coundrels who were saying we will ger our F&R promised' within a Year of our Escrows 'Getting Erased' ???
ROGER That! Ready for Lift-Off!
Wow. Approaching 5M VOL already!! Another 25M VOL Day and we'll hit 1.65+ today EOD...Hoping!!!!
We are approaching the $$1.40+ Handle AND the 25M VOLUME DAY Mark I predicted today Morning...HODL till we are Fully Released, Guys!
They will write the stories after ALL Congressmen & Their Hedge-Fund Buddies Have Loaded Up!
This is Machine-driven 'Program-trading Guys! Someone Knows something. I am sure ALL the Congressmen & Their 'Friends & Family" have given their Brokers to "Load Up the Truck"! Insider Trading $CUMBAGS!
I hate all Communist $OBs who couch their posts, as being "Realistic" about what the FHFA will do. The Day is not Far when the 5th Circuit EnBanc Panel will Rule that FHFA,UST & the FED are Guilty of 5AT!
25M VOLUME on FNMA Today by EOD!
Good Riddance! We DO NOT Want Weak Hands holding the FnF Commons!
I think we'll blast off to $1.40 in the afternoon, GO FnF!
"to holders of receivership certificates issued to WAMU subordinate note holders or equity holders"
What 'Receivership Certificates" are they talking about here? As a WaMu Equity holder of various flavors of Equities (P,K,Us), I did not receive any 'Receivership Certificates' what-so-ever...I think the same would be the case for other fellow WaMu Equity-holders. If any of WaMu Equity holders received any 'Receivership Certificates', Could you please enlighten us of how to obtain them? TIA & GLTU & GLTA!
Maybe the 'lackeys' of the New Whales have been Given their Marching Orders...Hope this is a sign of movement towards 'Release from Conservatorship' by the Gub'Ment.
I don't think Brokerages like Schwab, Morgan Stanley/E-Trade, Fidelity etc are where they are if they do their business by not getting licenses in any of the states that Ole Cowboy listed, Give me a Break!
He has been saying that since he owns ONLY Commons and doesn't own any Preferreds in his mix. I own all....And Of Course, ONLY HE will be Paid for his WaMu Bond holdings and no other WaMu Bond-holders will get Paid!
Well, All the Morning Bounce seems to have 'petered out'... We won't be having some meaningful and persistent PPS increase until the Gub'Ment's Boot 'is Off throttling our Neck'
Yeah. Waiting for the December MOR to see what LBHI is doing with our 'Interim Payment' distribution awarded by the UK Supreme Court....
Yeah... BUT Market looking at 2025 nowadays. CLUE: See the Runup in NVDA , AMD and all Tech Stocks, all Blasted off based on 2025 EOY Earnings picture....Same will be the case here. IF you wait another 6 months to buy, you'll have to Buy FNMA @ $6.00+ and FMCC probably 5.00+
I am only the Messenger, So Don't Shoot Me! I directly Quoted the Desert Crooner's Post....
MOD or NOT, I am not Charitable to Folks who Are Deliriously Happy that fellow investors here are Losers...BTW, I do not hold any WaMu Bonds BUT Many here Do...And Old Desert Cowboy is So Happy & Posting that they are going to lose ALL of their WaMu Bond investments...
Two-bit Thug $Coundrels - anyone and everyone belonging to JPMC Securities who perpetrated these Financial Crimes....they all should have been prosecuted to the Fullest Extant of the Law instead of this 'Slapping on the Wrist' "Punishment" that JPMCS received.
Hmm. OK. I am hoping all these predictions will materialize, at least at the low end of spectrum, like getting PAR for your Preferreds and something like $2.50+ for the Commons...But I am not sure the hedgies will let us get our Fair share ie, the "F&R Promised"...
D'Hon'ble Judge was 'shopped for' by JPM/FIDC/US and BR was the Shopper for them...
"The equity of 1,763 is now gone to zero because it paid the equal (1,763) amount of liability"
It paid Nothing YET! Read again what Cotton pointed out in the Filing. It has "= CTs Successors' Rights of 1.73B" Meaning that it is 'owed' / will be used to 'pay-off' the LBHI CTs.
I know what a 'Balance Sheet' is. I am not talking about the Assets =Liability Equation. You seem to be missing (or ignoring) what it states after that! It is have an "=" and stating that Liability is the 'CTs Successors' Rights of 1.73B!
So, in fact it is stating that there is $1.73B 'owed' to the LBHI CTs!
"Total Liabilities and Stockholders' Equity $ 1,763 m $ 121 m = CTs' Successor Rights $1.763 Billion"
Thanks Cotton, Great Catch! Very interesting that it states that the 1,763M $121M of the Liability = CTs' Successor Rights $1.763B.
LBHI's CTs are Us!.
"JPM and the FDIC lost."
I guess you will be saying this even in Jan 2025! Makes NO Difference for us as far as our "F&R Promised"...
I don't understand your conflicting assertions regarding this 'LIBOR Settlement'...IF FDIC is going to win/already won ~$400B Judgement in the case, Why should it 'Settle for $100B' on behalf of all the smaller Bank institutions/Mom& Pop Bank customers , whose 'interests' it is supposedly safe-guarding???
BUT BUT BUT Ron says JPM LOST in 'the Secret Hearing before the D'Honble Judge MJW' and was 'sued' for 'Willful Misconduct' of Insider-Trading...Elders here are saying 'they saw JPM & Hedgie Lawyers' came out of Conference 'Shaken and With Pale Faces'...So 'supposedly' we will be paid at least 299B by JPM & FDIC! Now after years since we were told by D'Honble Judge MJW that WMIH was 'being Wound down' & "POR is getting Closed" (Yes, SHE 'covered' for BR's & Bill Kosturos's LIES!, Surprise, Surprise!), we are the ones, with our confidence in our Highest Courts and the Federal Institutions of the Land "Shaken & With Pale Faces"...
Wow. Awesome Post. Thanks for detailing this history of the Case as I was not completely aware of all the litigating issues involved. I am much more informed & confident now as an investor/shareholder of the FnF Commons...TIA & GLTU!
I Sincerely Hope you are Right...Been Waiting since I bought all my Flavors of WaMu Stock from May 2011 onwards (I was late to the Party but luckily was still able to amass my positions, at that stage...). It won't be like a Big $50M+ 'PowerBall' HLCE moment for me But even If we get Paid Par on P, Ks and 2X on Commons, It will definitely give some Financial Security for life, hopefully...
And these $cumbags were beating up on BOP, saying Her Motion 'was Delaying the Closing the POR' and "Delaying us getting our F&R promised recoveries". Delaying my A$$! WTF are these 'Troll-Mongers' now??? WTF are 'our Promised F&R' that they claimed were "Imminent' and that 'BOP was delaying '??? WTF are these $coundrels who posted all 'that drivel'' day in and day out' that BOP was 'Agent of JPMC'??? I am having my Suspicions now that these Trolls were In Fact 'paid Agents' of JPMC or BK/MW or the Hedgies!
" Are such topics readable in the documents ? Will I find the answers there ?? Why did they blacken a lot of documents ? Everything confidential ? Why ? "
All Good Questions! BUT it doesn't help us in any way, IF we just keep asking these Questions on this Forum. We should have had the Guts to ask them/pressed SG about these questions when the notices were sent to us to "Release" JPMC OR even when BOP Filed her Motion to get these details in front of the Court just prior to their Motion to 'Cancel'/'Erase' our Escrow-markers. BUT No one supported BOPs' efforts in the Court, Regardless of whether she filed it 'in her own self-interest' or Not. She at least tried to get those answers vs a Lot of $cumbags here who did Zilch and were incessantly beating her up and Trolling her efforts in the Court!
I am not 'mixing up' 'JPM Trups' here. Maybe Cotton posted about some TRUPS being 'redeemed' by JPMC that 'could be' its own TRUPS. I am not commenting on that.(because it is not really clear exactly 'whose TRUPs' those were).
I am specifically pointing out to you that JPMC 'held back' $8.7B of LBHI money in 2008, in days leading upto BK Filing, money which it had, as it was the 'Guarantee Trustee' for 'various' securities of LBHI (including that belonging to LBI CTs). I feel JPMC Trust Company took a very commendable 'critical' step when it did that, as it was truly protecting 'its' Trust security holders' interests (Including CT holders' interests) when it did that.
Then the LBHI (Debtor but which is essentially an outfit being controlled by 'Sr. Creditors') wanted to 'grab' that money for themselves/itself, and sued JPMC in the BK Court and LOST! The Court 'allowed only $700M' of that money to be returned to LBHI, as part of the 'Secret JPMC-:LBHI Settlement Agreement' that the Court blessed...LBHI is 'no friend' of LBHI CT holders!
NOT TRUE. IF it were "JPMC" TRUPS as you claim, then why would LBHI 'come into the Picture', in the first place? JPMC 'held back' $8.7B during 2008, 'as collateral' for various LBHI securities for which it was the 'Guarantor', Including the LBHI CTs. LBHI sued JPMC and LOST and the had to 'settle' for $700M of those funds 'to be returned' per the Judgement in 2017.
IF those were 'JPMC' TRUPS, as you claim, Its 'trusts' would have received those monies 'from JPMC', and as Guarantor/trustee, it would have paid itself those monies to 'Its TRUPS' holders. Why would it 'need permission' from LBHI to pay 'its own TRUPS'?
Since we are still in BK, those Funds are still being held by JPMC, as the Guarantee Trustee for the LBHI CTs, and would be 'disbursed' by JPMC to LBHI CT holders, as soon as POR closes.
Wow Great News...I recall seeing something about that subsidiary 2 years back but never gave it much thought in my investment thesis with my investments in the FnF Twins...I never did any DD to know that it has a Global Securitizations Platform. We are literally sitting on a 'Gold-Mine'!
We Are Shareholders of 'BAM' now??? WOW! I was too ignorant and didn't know that! Thanks for Enlightening me. I will look forward to my Snail-Mail/Schwab Accounts next couple of weeks for some CA-CHING$$$...
Have you been Eating Too Many of those Hallucinogenic Mu$$Hrooms, Even for you?? Or Do you live in Washington State Where the State Employees were 'Over Heard' at the Marriot Embassy Suites Hotel in Redmond in the Front-Parking lot on the Night where they were "Attending some conference" that 'they were $moking Weed and Having some Fun' because their "$tupid State Govt' made it "Legal to $MOKE the Weed"....