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It's obvious more than me need to read this because the information on this MB talks of huge returns to escrow.
So true...that is all..
Hotmeat....I believe that Rosen stated that what Alice is doing should have no affect on the FDIC signing off on the receivership.
For me the problem is no definite information concerning when this is going to happen. The different dates and time frames posted on this MB is nothing but speculation based on many documents published years ago. Outside of the posters on this board somebody knows the truth and there is nothing leaking out. I can only assume there is nothing to know therefore there is nothing for escrow.
It's truly amazing to me how so many businesses and people association with this BK can receive millions of dollars and we remain in a blackout of what is in the pipeline for escrow. Makes me think after all these years with nothing there is nothing for us.
RD....deceived in what?
Royal Dude when did BR say that markers of escrow get a distribution. I believe he specifically stated that 19 and 22 would get nothing. He also wanted to have the markers cancelled when the BK was finalized but the Judge put a stop to that.
Yes BR is deceiving when he says escrows get nothing and markers of escrow get a distribution.
AZ, We get what you are saying but there seems to be a question that most on this MB want to know after 12 years or 8 years.....when will we be paid? There is nothing that is currently being published or being said by the organization that can start the process. It's a total blackout and it's been this way since the BK has been finalized. If nothing is being broadcast it's difficult to believe there is anything remaining for escrow.
Oh....Did RD forget to add in his message...He's giving you hope not facts.
Hi Bkshadow,
When did the Hedge Funds get 6B dollars?
Nope...what really hurts is 12 years and no indication of receiving any money soon. The debate back and forward means nothing if we don't have any information from the ones in control that we will be paid.
Yep and Royal Dude is in the 85%.
Well I hate to be the bearer of bad news but Royal Dude's DD and his messages on this board is based on his assumptions not fact. You can't put much truth into what he is saying. For your sake I hope he is right in the speculation that something is to happen for escrow on 6/30. Remember he has been giving dates for years now and we still have nothing.
Diamondguru-one....Do you think Royal Dude has control over when the money will flow? What button is he suppose to push?
I don't understand why we are still discussing the LT. There is nothing in the trust for 19 and 22..Rosen made that very clear. If we are to receive any money it would be outside of the LT.
Royal Dude....there is nothing in the document that states this is for us. How do you know this is for WMIH/COOP?
If no cash flows to escrow by the end of June it's time to stop posting expected dates. This has been going on too long with posting dates that nothing happens. Have respect for people on this message board. I personally think the ,FDIC has no intentions to allow money to flow to us. They will delay and delay like Rosen..
AZ,
Are you stating what should happen not necessarily what will happen? Is there a document and/or filing that states this is what will happen? It's been a long time and nothing has happen yet. The BK is done and will are in a blackout when it comes to information from anyone. It seems to me that if this was so then there should be some discussion from COOP concerning this. What is COOP waiting on?
Thanks for your reply.
This stock needs to go thru the roof the burn these shorters. The stock market and other stocks have been going higher and higher and COOP keeps dragging. zeeeeesh...When are we going to turn the corner on the price going up, up,up. It seems this is intentional and whomever is in charge of causing this should be put in jail.
diamondguru-one....do you have documentation to prove this?
AZ...thanks for your response. Here's hoping this happen soon..12 years is a long time to wait for a reward. I thank God that I'm still here to possible witness the end and the results. For me it seems that people who can close this out have no regard for the time and how it's affecting people.
The way I see things moving forward, ... “COOP” should announce a coupon, and correct the 2 dilutions, originally caused by TPG and KKR ...
AZ,
Do you know what the delay could be for COOP to announce a coupon?
Thanks..
Yes, It would be nice to wake up in the morning with an announcement or money in my account....it has been too long. It's time for this to end...NOW.
For as long as they want to. It doesn't appear that anyone or anything can speed this process to end this.
No money and I don't think the people in control don't care to get this closed asap. Have a great life!
Well we all know that your statement is not true.
Royal Dude...you have got to stop this. You're not keeping hope alive but rather creating hopelessness. Everything you post with dollars coming to escrow and the dates this will happen have not come to past yet. Have some empathy for others. The information you are posted do not reference escrow nor WM.
Would be nice to have the dollars we are waiting for to invest when the market tanks.
Unfortunately, I don't think that has anything to do with receiving dollars.
mad4....for all of us I hope there is something at the end of the rainbow for escrow. According to AZ "COOP" is the tell. Not sure what that means but praying whatever COOP is suppose to do will come very soon. There are a lot of people that have been waiting 12 years or more for the returns.
You're joking, right? There are people who have been in this since and prior to 2008. There are people who had patience and they are no longer with us. This has gone on tooooo long and it's time to bring to a close. The longer this goes the more time the powers to be have to make sure we get nothing.
People are getting restless. We are coming to the close of 12 years meaning year 13 will start. The BK ended months ago and we don't know any more than 3 years ago. I would think that whoever is in charge of this would have a need to close this out now. I'm so tired of waiting. I need the money now.
goodietime....did the PAA really state this? It also stated the below paragraph.. I'm assuming this means the FDIC and JPMC agreed on a value so there is no price issue.
3.2 (b)
The purchase price for securities (other than the capital stock of any Acquired Subsidiary) purchased under Section 3.1 by the Assuming Bank shall be the market value thereof as of Bank Closing, which market value shall be (i) the "Mid/Last", or "Trade" (as applicable), market price for each such security quoted at the close of the trading day effective on Bank Closing as published electronically by Bloomberg, L.P.; (ii) provided, that if such market price is not available for any such security, the Assuming Bank will submit a bid for each such security within three days days of notification/id request by the Receiver (unless a different time period is agreed to by the Assuming Bank and the Receiver) and the Receiver, in its sole discretion will accept or reject each such bid; and (iii) further provided in the absence of an acceptable bid from the Assuming Bank, each such security shall not pass to the Assuming Bank and shall be deemed to be an excluded asset hereunder.
Newflow, according to below the information below those assets are in Washington Mutual Bank subsidiary WM FSB which was included in JPMC purchase price.
*********************************************************
Washington Mutual Bank also has a subsidiary, Washington Mutual FSB, Park City, Utah. They have combined assets of $307 billion and total deposits of $188 billion.
Washington Mutual Bank FSB - Overview
General
FDIC Certificate #: 33891
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: JPMorgan Chase Bank, National Association (#628)
Federal Reserve ID: 2187071
Read more: http://www.bankencyclopedia.com/Washington-Mutual-Bank-FSB-33891-Park-City-Utah.html#ixzz6NYnwzL1a
Newflow is this a document that was prior to the seizure of WM?
Twelve years is enough!!! If there is money then pay out now! Someone has the true answer and I don't think it's anyone on this board with that information. Same documents being interpret differently by many people. Some people are so desperate for a resolution they are believing the story that gives them hope in a dream. For years dates have been established as the payout date and it never happens. There is nothing posted by the FDIC, COOP or Rosen that says there is a payout coming. Rosen has said nothing for us from the LT. FDIC and COOP ain't saying anything. Depressing....
Royal Dude...Surely you can see your pattern. You give a date and when that date pass you establish another date for distribution. Therefore what you post cannot be taken seriously. I'm not sure why you keep doing this...weird.
2221...I think people have waited many years for the end to be soon so they are anxious to believe certain ones who are communicating $$ any day. It's truly a shame that this is happening on this board. It's been a very long time and I need my money...now!
AMEN!!! What is being posted on this message board does not validate what is actually happening some where by somebody. Who's in charge...FDIC...COOP...JPMC...?
It seems that Rosen got the last laugh ..... there is nothing for us. I would like to believe otherwise but there is nothing to show we have $$ coming to us. I think if there was we would have heard something from someone by now. The BK is over and not a peep from anyone.
Thanks in but people on this board has been saying this for years. So why should we believe you? Do you have a document of something that tells us when?