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It does not matter who did the damage to who IMO commons deserve to be included and the judge approved it. But lets forget about that. Let me ask you something do you think P and K deserve 10 or 20 times face value? Is that what you are saying??
I agree I think preferreds should not get face value, they should get $20,000/share instead of $1000/share because they allowed commons to get payed at the same time. Anything else would be uncivilized!!
They got caught for insider trading or criminal misconduct so there is no reason at all to for them to give us 25% LMAO!!
Yes, no doubt AZ is the best analyst on this board. Period!!
Same here, good luck!!
AZ I have no doubt our day is coming and Yes I also believe all involved will be very pleased. I just wish I knew the date and time is coming so I could prepare accordingly.
Bob one question if you are so sure you are fine why do you keep coming back with the 75%/25% it seems to me like you are really hurt if it was not true?? you and LG are the only ones who keep crying about this!!
Im not concern about you or anyone here, everyone is responsible for their own decisions. I never said preferred will not get a substantial recovery my point is commons are the owners of the estate and you could not get the NOL's without commons....
I covered all my bases and dont need to worry about the 75%/25% theory anyways which AZ has many times mentioned is wrong!!
Never put all your eggs in one basket. I bet while some greedy retailers were selling commons to buy preferred The Big Boys were buying all the common shares they could, what a shame....
Common we all know all those blacked out documents and the disappearance of the asset list that was transferred from FDICK to JPM are worth at least 20B
Is that a Rosie joke to retail closing Bankruptcy on Halloween!!
Funny how all these white collar criminals buy into distress banks and companies by direct or indirect dirty use of the laws and or media then wipe out all common folk. Basically stealing all the hidden carcass spoils legally. These banking cartels are in the business of taking everything they see and now you are telling me that because common folk are involved in the carcass spoils now the spoils have gone away. Rosencrap who are you trying to fool you have not fool me yet....
Do not tell that to Bob or LG they will be very mad at you..
==> AZ IS RIGHT!! <==
Some people here have said Griffin would not delay nor do anything against equity since she is so desperately trying to help our cause..... They even gave her money to fund her filings.
These people have assured us Griffin is on our side
LOL if you expect WilliRat to come up with an objection on our favor we gonna be waiting for a very long time!!!
IMO we should get notices when the WMILT remnants get distributed or at least we should get a notice of no assets left so no distribution. I assume Kosturos have to do the same.
Sorry I missed your question, google Rule 2002. It not only stipulates that creditors or anyone with a claim need to be informed by mail or electronically that there is a fixed time to file objections before bankruptcy closes. That is what AZ was showing who also included Griffins claim.
BUT It also stipulates that equity must also be informed of any left over assets and they have to verify personal and tax information of all parties in case of a distribution which includes all of us escrow holders.
It will be hard but not impossible China and Russia already tried or supported the idea to deal oil barrel in yuan.
Once Petro-yuan takes place it is game over. The mexican peso will be more valuable than the dollar..
Amazing how they keep printing money out of thin air. No wonder they got rid of the gold standard they don't have the gold to back up such a debt. The only reason they can do that is because of the "petrodollars" but that will not last forever. Once a new type of currency is accepted globally it will be the end of the printing press.....
LOL, LG had the chance to call the Bankrutcy close on Halloween this year I guess he missed that one
I guess you are right they most not care about those millions of escrow shares they have. Maybe you should ask them to give them to you....
Do you have a link? Im unaware of that but even if it is true I doubt they would want to give away or loose the money they invested.
Do you honestly think Appaloosa, Centerbridge, Aurelius and Owl Creek have been dead silent for 11 years owning millions of shares for not even a consolation prize? Let me fill you in on a little secret these people are not in the business of losing money...
AZ and Ron, good combo!!
AZ Im just glad we are closer to an answer, so that the people who still don't understand or believe what you are saying will respect your opinion once and for all. It's coming....
You see that is were your problem lies I do not think she is fighting for your cause so u and others are just giving away money for nothing might as well donate it to third world countries and make a difference or if you just feel like throwing money away you can send it to me....
I would not be surprised if the bankruptcy closes next year, RosenCrap have played with retail too many times. I do not trust anything he says.
Absolutely nothing she just looking to get paid but I doubt the judge grants any money to her.
Anyone knows the name of a good accountant and tax attorney in the Midwest :)
AZ when do you think we should expect notices in the mail??
AZ always a breeze of fresh air when I see your posts. They are asking for personal and tax info on all escrow holders Thanks for all you do.
%$#@##$ chart BS tell u nothing, might as well get a second hand crystal ball on ebay!!
Actually there are many of these mortgage backed securities around being serviced by different banks Citibank, US Bank, BNYM and others.... In fact BNYM got into trouble in 2014 for breach of fiduciary duty and negligence for mismanaging some of these trusts.
www.rmbstrusteesettlement.com/docs/110%20Exhibit(s).pdf
If you do a google search even on 2018 some of these banks were suing owners or viceversa on mortgages that are part of these pooling certificates or RMBS...
My question is who are the ownwers of all this WAMU RMBS?...
Hey AZ thank you for gathering that info for me, I appeciate it. As always you are the best!!
AZ you have any theories as to why the WMB bonds have not been paid yet. I would of thought they be paid off before equity. You think their plan is to pay them at the same time as equity?? Thanks!!
Ummmmmm, Why share price keeps increasing?? Are these guys loosing a grip on the stock?? I doubt it, why let it go up...
Thanks AZ this board is nothing without your posts. Take care my friend...
HAPPY FRIDAY!!!
Why is it so hard to believe that the court process, paperwork, ink and manpower used for this bankruptcy for over 11 years was so that they could distribute a few million dollars.....
Why does it have to be that? Maybe JPM raised $5B and added those loans to their arsenal like everything else!!
QUOTE:"ROYAL
""" 29,400 loans totaling $5.1 billion"""
Makes one wonder what the 65K loans we had left could be worth doesn't it "