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Bottom Line: Will we get anything from the Money that JPM/BofA are raising in the Markets to 'supposedly' pay the LIBOR Fines?
Do you have any deadline date or at least a Timeline? Please let us know and we'll look forward to see if that materializes...No, I am not putting you 'on the Spot'....But when you are making such BIG claims, at least tell us the 'Timeline' of when we (WaMu Escrow-holders) will be 'settled' with the 'supposed' LIBOR Fines... TIA & GLTU!
Wish You All A Very Merry Christmas!
Gap up 15C on FnF Tuesday!!!!!!!! Wooohooo!
Wow, My Account going up $100 every minute Again...Hope this keeps up All the Way into Close Today!
BTW, this doesn't look like any "Pump & Dump"...I didn't see anyone Pump FnF going in today...
Now, Only If someone could put what All you described into the POTUS Guy's Head...
Looks like Bill Ackman and maybe some more Hedge Funds decided to build positions before EOY, for some reason! We'll only know in April 2024...
Ok, I'll take your word for it since none of us was shown the Full GSA without the Redactions...
It's your Call....The Risk-Reward is too BIG in FNF! Part of My TriFecta holdings - WaMU, Lehman & FnF (FMCC, FNMA, & the FnF Preferreds)...
CNBC new Flash coming anytime Now...BUY NOW Before Afternoon Blast-Off!!!!
This is no Biggie...Looks like the Whales are seeing this as a "No Return Pre-cursor" to setting the FNF Completely Free! Unless the FHFA & UST do that the Housing Market will not fully Recover and Biden badly needs the Housing market to go up as we are looking at a REcession now by Mid-2024!
We Got the Lift-Off to MAAARS on FNF!!!!!!!!!!!!!!!!!
HOLY GEEZ...Looks Like Elon Musk Launched the SpaceStation to MAAARS!!!!!!!!!!!
Who Lost? That'll clear up a lot of confusion I have regarding this. TIA & GLTU!
Wells Fargo and the Bunch of Regional Banks that are still in Business...We are nowhere in picture...Except in 'our dreams'. But then, our "F&R" promised has been in 'our dreams' from how many years now?
Q1 '24? I will give you till June 30, 2024...I'll bet we'll see no recovery what-so-ever from this LIBOR nor towards our "F&R" promised...Of course, I'll be so Happy to be Wrong But History has proven otherwise...When they 'cancelled' our Escrows, they hammered the Final Nail on our Coffin....
"Escrows" in the industry parlance can mean many things, such as 'Escrow Accounts' that were setup by various parties to litigation that are suing and seeking to get back some recoveries...It is 'Quite a Stretch' to say that she was somehow remotely even alluding to 'WaMu Escrows'....Escrows that we even no longer have in our Brokerage Accounts because 'supposedly' 'No one in the world should be able to track any monies coming to us' and then in the same breath, these Folks now say that some Judge 'is Crowing to the WORLD that FDIC will pay those LIBOR recoveries to "Wamu Escrows" '?? Really??? Come on Guys, At least 'Stick to your Story' so that you can save whatever little Credibility you still have left for you!
SBNY - Another BIG Heist that FDIC did at 'the Bidding of BlackRock'....The Wall St Cabal 'deliberately precipitated' a "Run on the Bank" at Signature Bank and then FDIC comes in, seizes its Assets and "Sells them for Pennies on the Dollar' TO JPMC & Black-Rock! Now, those same Assets are selling at 80 -85% of their Asset Value --- Creating A Windfall to JPMC & BlackRock! Now SBNY Shareholders are Suing FDIC! And For Good Reason... WaMu 'AllOver Again"...Maybe we should have Sued FDIC too...instead of 'signing off those Releases' to JPMC!
Good Question... We seem to hang onto these external events that more often than not have no relation to our "F&R" promised...Now, it's the LIBOR...All these Discussions are Moot without any confirmation from COOP/WMIH (supposed 'Private' company, whose face no one has ever seen)...Then we'll start to deceive ourselves with the "Next Payment Date",,, Tax Date 2024, Anyone?
Can I have a "Liar, Liar, Pants on Fire!!!"....LOL.
8.4 Millions of Illegal Migrants have poured through the Texas border since Joe Biden took over Presidency. While Repubs & Dems are still haggling over how to stanch this In-flow, Biden needs the Money to feed and house D'em immigrants in all the Sanctuary Cities/states, costing upwards of 75K/head.
Where do you think he can get All that money from, HUH?? He needs ALL the Money he can get from Fannie/Freddie & the Fed Printing Press and Secretary Janet Yellen has stepped up to the Plate!
No sign of our Interim Distribution from LBHI, per Schwab. And they said the company may not give any intimation to them even until the actual day of any disbursements...
Cotton,
Also aren't companies supposed to distribute such "Judgement Award" 'Interim Distributions' they get by Law before EOY? Because, we had such a Court Judgement with FnF preferred stock (and FMCC Commons included in that lawsuit) and experts were saying the Jury award has to be distributed by EOY IF the case is wrapped up But that Judge is deliberately not closing the case even though Jury decision came a couple of months back. I hold FnF but waiting like fellow FnF-holders due to that Judge's Intransigence...TIA & GLTU!
10ss of 1000s of Mkt Value Increase, On Paper! Hope things are moving to distribute our 'Interim Distribution'...looks like it's crossing the Pond by Snail-Mail!
OK. So we wait. Hopefully, it will be reported in the 1st week of Jan '24...But are they not going to distribute the Interim award to CTs till then? Or Is it that they will 'Re-direct' our money to themselves (AKA "Sr, Creditors" Cabal) again? What are your thoughts? TIA & GLTU!
Thanks very much for your Insights! the STO PUTS Strategy seems to be a very good way to acquire shares with long-term growth prospects. I will use that to acquire some Big-Tech & AI plays...TIA & GLTU!
There are guys, who like Elephants, are very helpful and who really do DD, even paying for the Court Dockets and being gracious enough to Share that information to folks here for FREE... And then there are CLUELESS dogs who bark at the Elephants...
Hmm. Very interesting. I was too busy at work and didn't read the 8-K. Thanks for sharing your moves,
Regardless of the 8-K (which I haven't yet read), the market has made a 'Meme Frenzy Move' and perhaps better to harvest some profits first thing Monday and then wait out till EOM Feb next year to buy back. I am expecting there will be a "New Year's Eve Massacre' of the Market by the Wall St Mafia. IMO, This whole "Melt-Up" smells like a "Setup" to Massacre the Retail...Thanks Again & GLTU!
BUT, Isn't
"unless (i) the assignee👈️
or transferee has agreed👈️ to be bound by the
terms👈️ of the Framework Agreement;"
providing the Exception to wait until Dec 15th, 2024, If the Assignee/Transferee 'agrees to be bound by the Framework Agreement'?
Any Suitor or the Trustees of the Subordinated Debt Securities(JPMC & BNYM for the CTs) could 'appear' before the Dec 15th, 2024 date and say they will take over the Distribution process, Can't they? TIA & GLTU!
Hi Cotton, Thanks for your comments on the Framework Agreement timeline. An insightful observation that for whatever reason that December 15th 2024 date was put out as till the time when they would not dispose of their Sub-Debt holdings...
Regardless of that, what is stopping LBHI from distributing the "Interim Distribution" that the Judgement awarded to LBHI to its 'subordinated Debt holders' because LBHI's lawyers specifically stated to the Court and the other parties to the Litigation, that there were 'contractual obligations' towards 'its Subordinate Debt-holders' in order to enter into this Settlement Agreement clearing the way for the ECAPS to receive their Share of the "Interim Distribution"? TIA & GLTU!
Yeah...IF we don't get paid soon the UK Award to the CTs, it means LBHI AKA " The Creditors Committee" is stealing our Monies again, after Misleading / Lying in front of a Judge, for a Second Time! They already Lied in front of Judge Chapman that they were Closing the POR Last November....Now, it would be Lying to the UK Judge Hilliard's Court. LBHI is NOT our Friend, Only the Courts are our Friends...And Perhaps we have to find a Way to "enforce" Justice upon LBHI!
"Informed"? Hmm. So you got your 'Spies' here? Get a Life Man, There's much more to Life than keeping Tabs of what's happening on this MB EVERY SECOND"...LOL!
They LIE because they are anonymous. Anybody 'claiming' that they 'spoke' to someone better bring them along on to this MB so that the 'other Party' can confirm to us!
Gen$ler $cum is part of the Wall $treet Mafia, He is NOT our Friend.
They won't stop Fu^@ing Lie through their Teeth, Will They Ever???
While I don't hold your Cynical Opinion that we will get our "F&R", I am opposed to "Over-the-Top" Liars too on this MB. They got Fu@king Escrows 'Still Showing' in their Accounts! Yeah Right! I am sure they are smokin' some "Weed" that they got hands on as it has been made "Leagal" by the Phu$@ing $OB POTUS & his $C0ke-Head$ $ON we got!
"The FDIC is a plaintiff as a receiver.
3930, 3929, 3928.
3921, 3687"
OK, Ron. What do the above numbers signify, IF Any? And are you saying that just because you saw "Susman & Godfrey" 's name in there, that it is somehow related to WaMu "Settlement"? IF they did Settle, When will see our "F&R" from WaMu/WMIH?? TIA & GLTU!
Hmm... That Verbiage is certainly interesting, to say the least! Thanks for sharing this here.
Coming from a Moron that doesn't know Whether Judge Chapman is a He or a She, I take that as a Compliment!
We all know you are a Newbie, And an Ignoramus-Moron at that, and you 'claim' you hold a TON of ECAPS, and want to tease you got Paid while we Did not, Yeah Right!
Yeah, The Court found that they are under 'Safe Harbor' and rejected LBHI's argument to give back those funds held by JPMC. Subsequent to that JPMC-LBHI arrived at 'Settlement Agreement' under which JPMC returned only $700M , as ordered by the Court and held back $8B for the original purpose.
Simple Question to you:
Why does the EPIQ Page of the LBHI Bankruptcy list out ALL other BK Cases of 'LBHI Subsidiaries', in addition to the "LBHI BK Case"??? WHY , WHY, WHY? IF, as you say they have "Nothing to do' with 'LBHI BK Case", then WHY?
Answer: Because they are all related. Whatever the Courts order is 'binding upon' LBHI also. IF like you claim, those BK Cases/PORs have no impact on LBHI and they are not at all 'related' then the LBH PLC has no obligation to 'part with' any portion of its recoveries to LBHI. So, how come LBHI is going and "appearing" before the Judge, in those proceedings? IF it is doing so, then it is "A Party" to those proceedings and "By Definition" has to 'Abide By' those Court Judgements.
Please go through the relevant Docket. The Chapman Court gave back only $700M of the $8.7B that JPMC held back at the time of LBHI BK filing, back to LBHI, as part of the 'Agreement' between JPMC-LBHI. JPMC stated in in those proceedings the reason it held back $8.7B was to protect its 'customers' and trust interests and listed out all the 'Allowed claims' for which it was trustee including Class 9 A-B-C,10-A, 10-B etc.