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COULD THE FDIC BE PIMPING FRANKIE TO UBS........????...................
GIVEN THAT CIT's loan portfolio is a $20-billion MELTDOWN/MARKDOWN and would wipe out frankie's TIER 1 capital....= SEIZURE of First Citizens Bank...???.......
TOO WEIRD...........probably true...............but gotta put money in the G-strings of the RABID UWBI CUSIP POLECATS.........and will..........
but we pivot over to UBS...........the CRIMINAL ENTERPRISE that is guilty of violating the Sherman and Clayton ANTITRUST ACTS...via RICO........outrageous behavior.......
OMG.............just when we thought all of FRANK HOLDING BANK AND TRUST........and UWBI.......could not get any more STRANGE.......????.....WTF.....
(this opinion is yours, larry................I'm too freaked out to touch this UBS buying frankie's failing credit union.......too bizarre even for me).............
First Citizens BancShares, Inc. (FCNCA)
1,616.49
+54.69
(+3.50%)
heard First Citizens Bank came out pretty well, after conspiring to take over that Denver THRIFT........and what became of the dude who made ALL DECISIONS for uwbi....???.....signed the original BK/11 petition, tried to shakedown the FDIC on an ITR - - that went to the SCOTUS??? .....drew something......????.....got into a tussle with his own law firm........KICKED OUT due to a scandal with the young lady who sued the OCC, over that same THRIFT issue..........??..............
weird story........stories.......weirdest ever, imo and then this failed thrift had wiped-out shareholders who got dropped into the biggest of all of the LIBOR litigations.......FREAK SHOW beyond description.........frankie's own mother was somehow tied into this monster mess..............ET--------F**K--------ing------CETERA.......HOPE HOPE HOLDING the end-game for those wiped-out stockholders is a good one....2 mouse clicks = $75 per cusip share......derived the UBS spare change coin purse.........
...
...cross appeals from the USCA/2 will give a hint, BBAN............we can track the hague letter discovery process............and PACER via the court trackers..........those know-nothings on i-HUB might leak some scoop....................Bloomberg News is on this disaster................Baltimore Sun newspaper, although I heard that it is failing and lame................(doesn't publish news that make businesses look bad).......................
....LONGER CHASE = BIGGEST CATCH, BBAN.................so let's tough it out for a couple of years..................fascinating legal chess match........and when we do get our money, and WE WILL and it will be LARGE GREEN, BBAN.........................all the assets out there in the USA will be vastly cheaper, BBAN.......perfect timing in the USA economy in a year or two..........Donnie's back in the pink house, but the USA economy is getting re-set, and CHINA's economy has COLLAPSED.................oh yea!!!!!!!!!!!!!!!!!!!!..............got that $75 per, obsession.................let's do it.........no fairies, hereon, please.........aimho......
don't go out TOO FAR on that limb, bobbie................you'll fall out of the TREE..........hit your head and start making bad decisions???............
my take on this sonterra/LIBOR suit, is..........gonna be awhile..............possibly a year or two and we could get a full trial started.......neither side is going to give in..............gotta be an intermediary (Janet Yellen, or DC EMHOFF) or else an unrelated issue, like UBS trying to buy a big USA bank.......for there to be an end to this STANDOFF........
1. .......FDIC wants the LIBOR perps to PAY DAMAGES FOR ALL OF LIBOR.........
2. .......UBS has stated on numerous occasions that the LIBOR loan index manipulations were incidental miscues.........and that technically, LIBOR/sterling was not directly impacted..........?????.........all of UBS many settlements have firm weasel language that relieves them of "responsibility" and for any "consequences"............
...I VOTE FOR BOTH SIDES TO FIGHT HARD.............TO THE BITTER END...........a Baltimore jury finds for the plaintiff group and awards damages of $15-billion, which UBS can easily afford........................aimho............$75 per, to the UWBI CUSIP POLECASTS..................
...certainly, there will be a SETTLEMENT on this disaster, LAR LAR DEAR.............but the parties involved here are BIG BIG BIG BOYS with lots of money and teams.....teams of law firms......................
....and the cases themselves are super complicated................WE HAVE UBS BY THE BALLS...............rock solid, lar lar..............and the Deutsche Bank settlement RAT OUT might give us numerous smoking guns................
.....LET THE DUMPSTER RATS FIGHT FOR AWHILE, lar lar love..............more time = more money........100% fact............Sherman, Clayton ANTITRUST violations and that international commodities exchange act law...........RICO RICO RICO........................and UBS has $400-billion in free cash, non-Basel III money.............
................lar lar, watch a highlight reel of Lawrence Taylor, or MJ's top 50 or Secretariat in the Belmont.............get chills, LAR LAR and then vow to take down UBS for.......$15-billies and we walk away from this ugly mess with $75 per.............oh yea!!!!!!!!!!!.........aimho......
Chairman and CEO Frank Holding Jr. and his four sisters Olivia Holding, Hope Bryant, Carson Brice and Claire Bristow collectively own about 20% of First Citizens’ stock and have close to 50% voting power in the company, according to SEC filings, for a cumulative stake worth $2.7 billion.............
Whether frankie realizes the fact, or not, he is smack dab in the middle of the United Western Bank SCANDAL.........................until the original common stockholders get fully remediated.....................frankie is on the hook, imo, for the unlawful seizure of the BANK and the ultimate resolution of fairness given to the common shareholders..................................
SELL OUT TO UBS, frankster..........do nothing...........suck DC EMHOFF into this disaster.........get the FDIC to clean up this mess.................heck, you can even use your own mother's FCNCA stock to get your AH freed from the UWBI problem........but a plan is needed, frank......to close out UWBI and take the black cloud of prison away from the top of your flat head (in larry's opinion)...............
We are simply sitting here waiting on you and the FDIC, frank......................and we'll wait forever, if necessary.............the BUTNER penal facility is only about 25 miles from your crib, frank..............convenient, in the event the UWBI matter doesn't end well, for either or both of us, frank..............aimho...............
What is this Sonterra Action about?
Representative Plaintiffs allege that Defendants unlawfully and intentionally manipulated a benchmark interest rate, the Sterling London Interbank Offered Rate (“Sterling LIBOR”), to fix the prices of Sterling LIBOR-Based Derivatives in violation of the Commodity Exchange Act, 7 U.S.C. § 1, et seq. (“CEA”), the Sherman Antitrust Act, 15 U.S.C. § 1, et seq., the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. § 1961, et seq. (“RICO”), and common law from at least January 1, 2005 through December 31, 2010 (the “Class Period”).
Representative Plaintiffs allege that Defendants, as members of the panel that set Sterling LIBOR, made submissions to set the rate that did not reflect the true cost of borrowing funds in the interbank money market but were, instead, intended to fix Sterling LIBOR-Based Derivatives at prices that would increase the profitability of Defendants’ Sterling LIBOR-Based Derivatives positions and cause investors located in or trading through the United States to be overcharged or underpaid in their Sterling LIBOR-Based Derivatives transactions. Representative Plaintiffs transacted in Sterling LIBOR-Based Derivatives during the Class Period.
First Citizens BancShares, Inc. (FCNCA)
$1,602.93
+37.35 (2.38%)
_______$20 per, checks in the mail very soon______________?????______
whatever.......eerily, the math works, given a $2-billion settlement on sonterra = $9.50 per (and the FDIC doesn't get a dime??).........
on account at present, we have $5 per from frankie's packed fudge factory and $5.50 per in accumulated receiver recoveries........
RIGHT ON.........BRING IT SOON AND PLEASE LIGHTEN UP ON THE DRAMA WITH THIS POS.....(or we will sell our uwbi cusips and start buying into crypto).......
likin' that ACTION JACKSON per.....and the bigger rumor was all of sonterra is settling, although a couple of those 15 rogue defendant banks have been added back in..........BIG DADDY UBS settled for $2-billies, regardless of who pays what............just show us the $20 per and we move on in life.........aimho......
.....NEW RUMOR.....OUTRAGEOUS if true.......UBS IS SNIFFING AT FRANKIE's AH........????........
....would not surprise me............UBS wants a traditional U.S. bank (ahem!!!) with lots of retail branch exposure...........???....CIT might be a problem, but could be a gem.....
....frankie's body could sell for $25-billies, which is only half of what USB would go for............
...BUT HERE'S THE BIG WEIRD-OUT......UBS has the ANTITRUST LIBOR LAWSUIT HANGING OVER IT'S FLAT HEAD.........and frankie, via UWB/UWBI - - us purple sandfleas............IS DIRECTLY INVOLVED...........and who is frankie's life partner in "crime"..............DC EMHOFF.......DC EMHOFF...................
....dudes............HOW CAN OUR UWBI SITUATION GET ANY MORE BIZARRE.................WTF......WTF........give the opinion waiver, larry......I ain't touching this one.....................WTF.............WTF...............WTF...................
off the record, buying FCNCA might be a brilliant move by UBS....condition the merger on also getting the sonterra/libor/ANTITRUST actions 'neutralized'...............and frankie has super powerful political connections.....the FDIC and possibly the husband of the next USA president.....???.....aimho........
....APPEARS THAT THE FDIC DOES NOT PAY ITSELF OFF VIA THE SUBROGATED LIABILITIES, AS A "proven creditor".......problem is there hasn't been a FAILED BANK that clawed back enough recoveries to pay out all "proven creditors"..................and, is the FDIC a "proven creditor".....????........
....our problem is.........WILL THE FDIC STIFF US FOR THE $144mm in subrogated liabilities, or the amount lost (per the FDIC which is sus) on the failed bank....???.....
"The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors"....
...no worries, because we are getting a NICE, NICE chunk.....as a "dividend" but whatever.....it's how the FDIC plays the game.....their RULES.....
....just squeeze UBS and whoever else gets thrown back into the cesspool...................and pay us off and we move on.........either gonna be about $12.50 per, or $16.50 per.................if the FDIC DOES NOT RIP US OFF........COULD BE A TON MORE IF THE sonterra SUIT PROGRESSES AND UBS CAVES IN TO KEEP THE ANTITRUST CONVICTION OFF THE TABLE................worst case is do-able.............aimho......
WELL, then I share your sentiments and I have actually worked with these boys, on a contract-type basis.............no conscience and no soul, all under the guise of protecting the USA taxpayer or the U.S. Treasury, or something.............crazy smart............????..................
The FDIC has stiffed me and lied to me and does make mistakes and mis-calculations.....I've outsmarted them a couple of times and the FDIC hates courts and attorneys (a lot of them are attorneys/accountants and worked in the field as bank examiners).......and the FDIC also hates BK, but doesn't consider it a court.......
BOTTOM LINE, bobbie............on UWBI.......can't pass judgement on the FDIC until the end.....FDIC said that it inherited UWBI....and has been cordial to me on UWBI....I've gotten a couple of wink-winks and they know I know the game.......we ain't getting wiped out..........WIN #1.......and the FDIC said that it allowed frankie to buy us for the tax credits........and the FDIC said that the original common stockholders of UWBI would "be taken care of".......and they showed me the receiver recoveries to date (which was incomplete, imo, but quite healthy).........and finally, the FDIC has acknowledged that the UWB Receiver and UWBI could add to the recoveries "substantially" in the event sonterra v. barclays plays out............
so, bobbie, as a former devout Christian, and because we are in the LENTEN SPIRIT...........I will not pass judgement on the FDIC, but rather wish them well in all of GOD's glory..............amen...............and, and, bobbie, these FDIC dorks could really, really, really CASH IN BIG ON SONTERRA........just sayin'.........
....this is REALLY BIG BOY LEGAL POKER, bobbie...............FDIC is saying "no settlement is possible".................and, UBS has stated that it DID NOT COMMIT ANTITRUST FRAUD.......................STANDOFF................
....and a long, drawn out jury trial in a friendly venue........... = THE MOST MONEY FOR THE UWBI CUSIP POLECATS................
...and you kinda give off that loving feeling vibe towards the FDIC, bobbie.............???.................dat be DEVIL WORSHIP, Blasphemy BOB...............
....WIN WIN, blasphemy...........shut 'er down, today, cheap.....boxcars per, arena...............or CORNER UBS and slap 'em with an ANTITRUST violation and award damages to the sonterra plaintiff class FOR ALL OF LIBOR..........$50 per+++.......and UBS has the capacity to pay us big bucks with its spare change...................so cool, BLASTY................
....WE GO BIG.............only choice, BLASTY.....................all fairies: KEEP OUT........................aimho.................
......sonterra v. barclays......our LIBOR suit.....we are waiting on the USDCA/2 to issue 2 decisions....and related civil cases (large bank appeals) are dated in late 2020 and early 2021............so, we are getting close, time-frame-wise.......................HOWEVER, imo, there appears to be some MAJOR LEGAL ISSUES with our two appeals..........................?????.............
.....the FDIC, imo, is using our sonterra case to go after any and all perps who committed the LIBOR crimes........most have settled, and UBS is left on the hook, with 15 other banks removed from the class................to me, a LEGAL ISSUE is whether the banks capitalized on the faked loan index......they did, but maybe not on the sonterra fund..............OR..........OR...........and, imo, even if the banks did cheat because of the LIBOR manipulation, and knew about it.................DOES THIS FALL UNDER ANTITRUST.........??............yes and no, which is a problem..................judge said no......even if "complicit" on the loan index scamming.............
....BOTTOM LINE.............F**K UBS, the 15 banks, the FDIC, frank holding (double f**k that AH), the appeals courts, and DC EMHOFF............all of this is legal gamesmanship and if WE CASH IN........great...........if not, ok, too..........JUST SHOW US THE MONEY SOON FOR THE UNLAWFUL SEIZURE OF OUR BANK.........
......WIN WIN, regardless of sonterra and however the FDIC cheats us in the end...................still going with BOXCARS, per, 12......on or before........10.14.2024.........aimho....
BOXCARS, sand flea, sir....per......and each passing day gets us closer to THE MONEY..............and this game is exhausting, FLEABAG dear, but there are many many millions coming to us, very soon........just, TWO MOUSE CLICKS, away..........and we are in bed with UBS and an antitrust threat hanging over 'em........and the unrestricted cash balance on the UBS balance sheet was $400-billion on 12.31.2023.............................$400-billion, sand flea......and UBS can buy us off, for $2-billies..................I ain't sitting here futzing with you nice gents, sand flea dear, for entertainment............SERIOUS, SERIOUS BIZ............aimho..............much love....
CORRECT---AMUNDO, Mr. Flea, sir..........BK is long dead and gone with all records likewise removed from earth...............just gotta get the last FDIC receiver recovery, which is the sonterra fund case and move on..............................the only problem (this is UWBI, Mr. Flea, never ending drama), is the little sonterra case has become the MONSTER MANTRA for the fdic to get damages awarded for an ANTITRUST conviction.......unlimited damages (vs. the $100mm DOJ statute limit)..............
GETERDUNN, as the old saying goes, Mr. Flea...............could be in a few minutes or a few years (UWBI, flea-bag).....................but we have some clarity on the outcome................probably in a few months and we're hinting at the BOXCARS per, math.........12................rock on, Mr. Flea...........hope the FORD PINTO is running smoothly......................
_____________________NEVER SURRENDER_______________________
And I been from (Tucson to Tucumcari, Tehachapi to Tonopah)
(Driven every kinda rig that's ever been made)
(Driven the backroads so I wouldn't get weighed)
And if you give me (weed, whites and wine and you show me a sign)
(I'll be willin') to be movin'
ANTITRUST DAMAGES CALCULATION......"In an antitrust price-fixing case, damages are measured by the difference between the prices paid by the plaintiff purchasers and the prices they would have paid in the absence of defendants' conspiracy."..........................
OMG.........OMG..........we iz gonna throw some BIGTIME MATH at the Baltimore jury hearing the sonterra/LIBOR case........might even start with the letter........"T"............trillion.............OMG.......
note to UBS/Sergio P. Ermotti...........getting sued by the USA FDIC for antitrust..................with the letter "T" getting bantered about in the federal court of law......dude.......shut down this matter at your earliest convenience......give marty a number, asap....
let the animals play in the zoo, for awhile................we nap and cocktail knowing that the BIG MONEY will come, whenever.......fine-wine----ESQUE.....aimho........
REVELATION IS FDIC PAYS OUT ANY MONIES AVAILABLE AT THE TERMINATION OF THE UWB RECEIVER TO CLAIMANTS ON A LEVEL BASIS (meaning equally, like in a BK, at the end, when there is money and the priorities are burned off)..................
THIS IS ONLY GOOD............if the total recoveries is LESS THAN $300mm.........because the subrogated liabilities, now referred to as the FDIC's "claim" = $144mm...........????....................
SO WE ASSUME (and banjo "ROBERT" -- robare) that the receiver's recoveries is gonna be QUITE LARGE.....it is $186mm, now and should balloon to, say another $200mm, from LIBOR, using the $1.5-billie settlement option.............$386 / 2...................$193mm to us / 29.6mm shares........$6.50 per, plus frankie's packed fudge......of $5.50 per...........12................BOXCARS BABY................bring 'em..........LET'S DO THIS.........................aimho...................
as for as going where the FDIC goes, ROBERT..................the FDIC is going down into GOD's eternal furnace, forever and ever........hopefully, that is not our fate...............so sin no more and praise the lord in all of his GLORY................amen.................
......NO FAIRIES.............YOU CREAM PUFFS WANT BIG BUCKS FROM THIS DISASTER...............THEN FIGHT TO THE BITTER END..............
....seriously.................you sand fleas could really, really cash in, via the UWB Receiver..............on this sonterra/LIBOR freak suit.....the biggest and bad-est on all of LIBOR................and you have UBS.........totally cornered..............
....so let's MUSCLE THE F/--- UP.............which we ARE....ARE DOING because the FDIC represents us and the FDIC is going to take down UBS for many, many billies................and you sand fleas GET 12.9% of all sonterra payouts, whether settlement or an ultimate jury damages award..............
....settlement rumors are BOGUS.....because the FDIC filed the Hague letter document request directly to the perps............12.19.2023......wicked cool..........aimho..
.
....ALSO, since we are deep into YEAR 2024................and the sonterra/LIBOR formal settlement could take 4-6 months, if the FDIC wants the entire situation court approved...............................2025, ladies.......................2025.......................
...and if the FDIC portion is tagged a dividend....................2025..............and not late 2024..............OUTRAGEOUS timing trick, by the FDIC.......crooked bastards...........the FDIC gets made whole on United Western Bank..............and then chin rams the uwbi cusip holders with a FAT TAX BILL on the receiver's DIVIDEND..............$11 on the divvie............puts us in the 37% tax bracket, for the divvie and then all of our income for 2024.......WTF..............
...it's a good problem, 'cause we GET THE MONEY...........it's just the time of the year paid..........not enough time to build up 179 BUSINESS EXPENSES to offset some of the tax hit..............basically, COOL TOYS at a 43% discount................LOAD UP....................aimho................
................FIGHT THROUGH A JURY TRIAL.........NO SELL OUT SETTLEMENT on SONTERRA............PANIC FAIRIES GET LOST..............
....once again, BRISBANE BOB, my preference is to take on UBS in a federal trial and get damages awarded to the sonterra members..........FOR ALL OF LIBOR.....and the dollar amount could be huge..................would be GARGANTUAN, imo..............
...and the full suit might happen, but UBS is too big and smart to GET TAGGED WITH AN ANTITRUST VIOLATION..............UBS will pay whatever it has to.....and settle...............just not sure WHEN.............and each passing day raises the ante, imo.....................
....so we are in a WIN WIN, brisbane...........end the nightmare soon and walk away with $16.50 per........and placate the limp-wristed uwbi cusip weasels.............or FIGHT ON FOR THE HUGE DOLLARS..........$75 per and UBS has it and will pay, if it gets cornered by the FDIC............
...WE GO BIG...............or we go home, brisbane.........................I VOTE FIGHT AND TAKE DOWN UBS...................ALL THE WAY......................
.....and yes, I'll take 10 boxes of your girl scout cookies, BRISBANE.........it's that time of year...........................aimho.................
....AHT......new york community bank - - the preferred, not the common......even a large chunk of USB around $45 ($40 now, but it dipped to $28)........I would be down MILLIONS in barely a year and a bank merger I am leading is collapsing..........................ETC......
...point being, BRISBANE BOB...........I saved myself from myself by not having a huge pile from UWBI..................
....and "best interest" is a legally defensible/actionable POSTULATION.................
....in any event, BRISBANE..........hindsight..........let's move on...........with $16.50 per, strapped in our rope belt..........nice............aimho.............
AWAITING A SIMPLE SETTLEMENT ON SONTERRA/libor/FDIC.............................................
secretive, although the dollar amount is $2-billies.....
....1. UBS admits to responsibility for falsification of the LIBOR index which caused and/or resulted in 3rd parties further iniquitous (larry, WTF with these words) activities involving the falsified index.........
.....2. the FDIC agrees to accept the $2-billies, acknowledge UBS statements and, with the DOJ's concurrence, agrees to take no further action on LIBOR, or related civil consanguinities (larry, please)..................(note that ANTITRUST violations are clearly off the table).............
THE END.................checks will be in the mail, soon.....................then we restore the confederacy......................aimho..............$16.50 per cusip share, if that type of info matters to you purple polecats.................ROCK 'N' ROLL, trannies................we got this........................
....exactly a year ago, to the day, BRISBANE, BIG dipped to $14.50 and I was tempted to grab a few thou, say 10, on margin....almost did and would have bought a ton..................HAD I A PILE OF DRY POWDER FROM THE UWBI MATTER................see my point, brisbane........????..........
....not......not.....not.........getting our UWBI money...........WAS A MAJOR WIN.............positivity.........
....???????, brisbane bob..................we cannot connect Pearl Harbor to the fact that bobbie lee's surrender was INVALID and therefore the confederacy survives.................were you trying to post this on TRUTH SOCIAL, brisbane..........???...................and then biglots tanks...............
.
Dude: this is what I do..........UBS could buy USB for, imo, $45-billion........ok, maybe $48B......whatever.......even $50B, would NOT even dent UBS cash balance.........we have UBS by the balls........the FDIC is super-smart and found a LIBOR case involving U.S. banks.....hello....(behave, or I'll take my talents over to TRUTH SOCIAL and boycott i-HUB)....
the FDIC is adamant about getting damages from whatever bank INSTIGATED and PERPETUATED the LIBOR crimes.............it chanced upon a sonterra fund that included a few banks (united western bank....????......wasn't that....???.....OMG......????)...................and further, the funds included a bond issue for a school district in Baltimore, MD...............(baltimore city is actually a county???).....................hello...................
HOME RUN for that western united THRIFT, or united western, or whatever.........which doesn't even exist.........it was UNLAWFULLY seized (in larry kaplan's opinion)....................................
and I gotta figure out what to give up for LENT.......or it's gonna be easter, or christmas or january 6, before I even decide......too much stress with that denver thrift stock.......how's donnie doing in the primaries, btw..???..heard he's killing it........too cool......aimho..........
....absolutely "stuff" going on behind the scenes of sonterra/LIBOR...........I mean, UBS is facing a billion dollar ANTITRUST suit and is faced off against the USA's FDIC............definitely BIG BOY HARDBALL.................and the UWBI purple polecats are sitting right smack in the middle of this mess........WTF.....????.....
....no worries......5.5-year suit, venue-shopped at the federal level and won, Hague letter already approved.................(on the 5.5-year problem, remember 2 of those years was due to COVID, which then backed up everything, so take 3 years off of the 5.5)..................
....to me, the key is UBS......already proven guilty, but $400-billion in cash and just bought Credit Suisse which was considered the "tiffany" of European banks.....
...we wanna let this game play out..............and we heard that UBS might be, might be (larry)......sniffing at Andrew J. Cecere's AH (who be him, larry???)......UBS gotta settle up with the FDIC before it even thinks about buying a large US BANK (ahem!!!!)..............we're in bed with handsome gents who have DEEEP pockets, which is always good, because small change dropping out of their pockets.............."B" word..........billies...............
....and remember, FRANK HOLDING is still "involved" with our situaion, until it ends...........BUTNER prison is on the table for Mr. Holding (in larry's opinion)...........and dunno who DC EMHOFF be...........name sounds "moley" to me...........but this DC cat is joined at the hip with/to frankenstein holding.....
...tingle, tootle..........wake me from my nap if anything breaks on our wiped-out, worthless cusips...........................aimho.............
...not sure what dat be, my lar lar love.......but we do believe the end is near..........in our sonterra appeal, the 15 co-defendant banks were 'released'........technicalities, imo..........but it appears, a couple of the banks might be added back.......???.....
....we believe, LAR LAR LOVE, that UBS reached a settlement with the FDIC.....???.....on sonterra and maybe all of LIBOR.....$2-billies......???.......
...the final math, imo, is $5.50 per in the holdco fudge, earning interest, $6 per in receiver's recoveries to date..............and about $275mm on the LIBOR monies, but we split that with the FDIC who burn off the subrogated liabilities............????..........so, net another FIN PER = a total payout of $16.50 per, $11 per of which is a dividend..........but the package might be a LTCG, assuming the FDIC "bundles" the distribution.........win win..........
...much love, lar lar.................the end is near..............I wanted bigger money, but REALITY is REALITY..............GO REDSKINS.......aimho.....
...the Deutsche Bank Settlement Agreement, to me is a TROJAN HORSE that probably won't scare SERGIO.......the DB rat out agreement MIGHT COMPLETELY MAKE THE DEAL AND FORCE SERGIO TO SETTLE FOR BIG DOLLARS.............could..........but won't, imo...............
....the DB settlement agreement states, with the court acknowledgement that DB will assist and cooperate with plaintiff.............IF....IF.....DB even has correspondence with UBS or copies of UBS' correspondence with other parties.........WHICH CLEARLY PROVES USB 'conspired' with others to calculate the LIBOR INDEX and in doing so, instigated a crime, and/or partnered with others in its commission, or was the creative brain behind the illegal scheme.............UBS IS IN BIG BIG TROUBLE........ANTITRUST.........yikes!!!!.......
...UBS problem, imo, is that the FDIC is trying to get damages assessed and pinned on UBS (and any other defendant shown to co-conspire)....FOR ALL OF LIBOR.............which is massive...............over $1 TRILLION, for just 3 years...............2005 to 2008...????...........and then the plaintiff will give a simple, clear POWERPOINT PRESENTATION ON THE DOLLAR AMOUNTS AND THE PERSONS IMPACTED BY THE CRIMES......the poor, underprivileged schoolchildren are slammed, because their bond issue for schools and classroom upgrades are HURT by the higher interest rates.........etc..........
....super super DANGEROUS CASE FOR UBS, if they get pinned in an urban federal court, as the DB settlement agreement narrative pointed out, a jury makes decisions based upon emotions and emotions might get stirred over the UBS LIBOR crimes....hello, $15-billies....welcome to ameriKKKa....aimho...
timeframe is we burn off the cross appeals, assuming at least theirs is upheld.............. any day, probably a month or so........................
then we, respond to the affirmation with a request for a trial, which will get us a preliminary hearing to mete out initial schedules......from both sides and then literally schedule a trial date.............judge might take a week or two to do this..............STARTS THE FORMAL LITIGATION........the date will get moved and moved again............but plaintiff can start the "discovery" process.........and we have the Hague letter approval which allows us to subpoena individuals and documentation of all sorts.....................
were I representing SERGIO/UBS, I would recommend (A/C/P) dragging feet on everything.....create havoc on everything...cancel depositions at the last minute, challenge and challenge requests for any document or information.......and again and again....TRYING to provoke plaintiff into making contempt claims and then create a mess with that..................months and months of legal bickering as the trial date ensues..................2 years before even a formal trial date is set, in anger, by the judge (ya get one change of judge request = another 6 months, potentially)..........
so, SERGIO.........fight the bastards and fight the bastards.................and take on the trial and defend these fascists false, piling on allegations........the jury might have sympathy..................and then, SERGIO, WHEN YOU LOSE (already lost, but whatever)......and the jury stings you for a couple of billies, or more.......APPEAL AND APPEAL THE APPEAL..............maybe the SCOTUS will take your case....................
............FIVE MORE LONG YEARS, my fellow rabid polecats...................sorry........DIG IN..................(interest on the holdco proceeds grows every day, so rejoice)...........aimho.................
..ONLY UGLY SIDE OF A $75 per, PAYOUT...$70 per could be a "DIVIDEND"...will be, imo...
.......43% taxable, in my resident state..........could be like a $40mm tax hit.....for freddie.......WTF........WTF..........but I'll take it, nonetheless.....(I'll appeal it, and I feel I have a great case, because of the time factor, the ordinary income treatment is not applicable, imo the INCOME WAS NOT "GENERATED" in the year it was paid......).......
....we are going to cash in, BIGTIME, my friends...........but the big money is going to be ordinary income, imo.....PAINFUL, but bring it.....FDIC-isms......
....REALITY is REALITY and with the FDIC....shin kickers...as they hand you the candy......aimho....
.....SERGIO P. Ermotti.....vs MARTIN J. Gruenberg.........fledgling welterweights..........UGLY MESS...........
....we might make your 75th, BIRTHDAY BOB........but it's gonna be awhile because the amount of money is GARGANTUAN.............
...which is GOODER, for us..........each passing day = more money........FDIC ain't gonna cave and arrogant, stubborn SERGIO doesn't understand american capitalism....................which is LEGAL GAMESMANSHIP FREE MARKETS....................pay or get eaten...........................
...no worries on clocks nor calendars..............earning interest on the holdco holdings and Marty's "number" gets BIGGER with each passing day.....and it's starting at $15-billies......which nets the uwbi sewer rats $75 per, plus $5 per on the holdco holdings, and then minus $5 per on the subrogated liabilities.....stuck on $75 per..........NICE..........NICE.........NICE................gonna happen..............aimho...............
the read on a case like our sonterra/LIBOR/fdic is really the relationship between the competing legal teams........................
generally, at these levels and given the monies involved, there are daily communications.........but, imo, fringe logistics and what-ifs, moving forward WHEN THE ASSUMPTIONS ON BOTH SIDES IS NO SETTLEMENT............there might be questions and back-and-forth on the cross appeals that both sides are waiting on..........and speculations about the appellate court decisions.................
BUT.....BUT..........even a hint of a settlement, by either side, TOTALLY CHANGES THE DYNAMIC.................legal bargaining........BIG BOY LEGAL POKER......and the staffy lawyers are usually not good deal makers..............actually, they are horrific deal makers and that's because their own money is not involved and they may be getting a huge percentage...............on the plaintiff side.....................
IMO, there is not a settlement happening because the FDIC is in a complete STONEWALL, and the Deutsche Bank Settlement Agreement (which is tainted, because DB is trying to noodle with the FDIC)....................states clearly that the FDIC wants a jury verdict specifying "responsibility" FOR ALL OF LIBOR and making a determination for damages...............FOR ALL OF LIBOR..........WTF is that cool...............bigtime billions...................aimho...........
ALL THE WAY BABY...........ALL THE WAY............ALL THE WAY.........ALL THE WAY........aimho......
______________________$75 per cusip share_________________________
easily accomplished and might even be a done deal.............$15-billies on sonterra...................
...........MUSCLE THE F**K UP, ladies....WE ARE GOING ALL THE WAY..................................
....FDIC has stated, on record, "no early settlement is possible"........................???.............
...and if there is one entity on this planet that is stubborn and simply wants the jury verdict.......FDIC.....
...so, let's be patient and wait it out......taking on the mindset that.....MORE TIME PASSING = MORE MONEY...............lots mo.......billies.....
........we already won the case and UBS has $400-billion in idle cash.....................hello..............UBS could spill FIVE BILLS into our lap and not even notice....
WHO IS IN THE CONTROL POSITION re: sonterra, and ultimately the UWBI closing and distribution....????........
FDIC...100% which is just how they do it.........the formal suit against UBS is gonna happen, imo....FDIC ain't backing down and won't.......
UBS is trapped, imo......per the Deutsche Bank settlement agreement narrative.........A Baltimore jury is gonna get the Sonterra suit and be presented with the entire LIBOR SCANDAL.....................and it was a f**king doozy................UBS has got to sit and watch........and wait for the jury to decide a DOLLAR AMOUNT TO TEACH UBS A LESSON FOR COMMITTING ANTITRUST FRAUD AND HURTING POOR, INNER-CITY, UNDERPRIVILEGED SCHOOLCHIDREN.......DEPRIVING THEM OF AN EDUCATION..........RIPPING OFF POOR SCHOOLKIDS...........HORRIFIC AND DESPICABLE.......
...and this arrogant, snooty, proud, bank...............gotta pay up for HURTING POOR SCHOOLCHILDREN............fairness = 10% of the cash in their piggy bank, which currently has $400-billion.............so, $40-BILLIES or this rogue bank will be banned from the USA...........hello................the end...........aimho............
......the sonterra/LIBOR cross appeals are taking forever....2+ years already in the USCA/2.......WHY....???...
....first off, there are two cases, and the legal issues are QUITE COMPLICATED, imo, which causes the court to do research and then study and opine............
.....imo, did the 15 defendant banks act in a legally "complicit" manner.......with the LIBOR manipulator.....???......yes and no......the 15 perps, who are off the hook, by decision at the federal trial level.......used derivatives, hedges and swaps to profit off of the scheme..............BUT NOT ON SONTERRA....????.........
....on the main Sonterra suit......I think UBS is toast.............and could get hammered by a jury of inner-city citizens.............and, the district court passed judgement that UBS is 'responsible' for the fraud and the actions further fall under the ANTITRUST statutes................damages could be awarded covering all of LIBOR, which is GARGANTUAN.........(a judge could reduce any damages award that are 'excessive', but might not)....................
.....problem is, the court is taking too long on these appeals and that is not a good sign.........but could be a good sign and the time is behind us, so decisions are due at any moment...........and WHO CARES..........????.......WE ARE PLAYING THIS GAME WITH HOUSE MONEY AND COULD WIN $$BILLIONS - - THAT UBS HAS IN IT's "mazda ashtray" ($400+ billion in loose cash).....WIN WIN WIN WIN........hello......WIN WIN, again.....SACK TINGLE.....aimho.........
ROCK ON, lar lar.......weed, whites and wine.............AWAITING...............judgement day................unknown on the MATH relative to our POS........biggest question is whether the FDIC sucks off the subrogated liabilities (which is what they 'claim' they lost on the failed bank??)........that's $144mm, or a $5-dollar-bill, per......
I believe we have $5 per, safely earning interest and another $5-6 per, in recoveries to date..........100% clear on this...........then the mystery with the sonterra/LIBOR.......DUNNO......if the FDIC shakes down UBS for $2-billies, then sucks off the subrogated liabilities....still $15 per, which is our only upside, or highest payout, imo........................or the FDIC could get a modest amount from UBS and NOT suck off the bank losses......?????..............
EITHER GONNA BE $10.50 per, soon..............or $15-18 per, in a year or two..................possible $16 per, within six months.....BUT THE ENDGAME IS GETTING CLEARER AND CLEARER.........................and the worst case, and highest probable, imo, is $10.50 per............in June, or Sept., 2024.........aimho.......
in the meantime, LAR LAR..............nice, nice interest accruing on the holdco proceeds.........some of us are accruing nice money, we can't wiz away, and the assets we intend to buy are coming down in price...................AND WE COULD STILL CASH IN BIGTIME IF UBS CRACKS and it has the billions to settle with us......aimho..................