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Yeah I noticed that too but could not give any credibility to it since BBob talks to the contrary...
Quote:"the Debtor admitted to retaining approximately $116 billion in mortgage-backed securities (“MBS”) and $18 billion in credit card securitizations"
Quote:"By letter dated August 9, 2019 to the District Court, counsel for the Trust, states that in its bankruptcy schedules the Debtor claimed it had $76.2 million market value in MBS when it filed its petition. See Exhibit ‘B’ hereto. Notwithstanding, the Trust now claims the market value of that MBS was only $84,000."
I have seen that 72M figure before, AZ Is there any truth to this?
Can they screw retail by hiding RMBS value on that 76M. FDIC and JPM both lost the list of assets so they can claim anything there is no proof and judge allowed to rule without the list of assets...
Well Yes and NO it is deceiving, if you look at wikipedia they first said JPM paid 1.9B for the branches. However they later on said thay paid 1.9B for everything including assets. Its confusing but I doubt they got everything for 1.9B Seems too low when they clearly had 25B and solvent... They used the 25B to pay creditors.
Quote:"The FDIC sold the banking subsidiaries (minus unsecured debt and equity claims) to JPMorgan Chase for $1.9 billion, which JPMorgan Chase had been planning to acquire as part of a confidential plan internally nicknamed Project West."
Quote:"The FDIC then sold most of the bank's assets to JPMorgan Chase for $1.9 billion in cash plus assumption of all secured debt and some unsecured debt. Claims of the subsidiary bank's equity holders, senior and subordinated debt (all primarily owned by the holding company) were not assumed by JPMorgan Chase"
Royal when do you think COOP will acquire Fannie and Freddy, on 2020?
Or are you saying he sold them to himself? LOL that has a nice twist
WHAT?? Really?? https://www.marketwatch.com/story/paulson-sells-off-washington-mutual-debt-2013-12-22-174854847
Quote:"Paulson Did Not Sell His Bonds.
He transferred them.
Yes He still has his Bonds."
I think you would be smart to leave your money in COOP this is gonna be a huge conglomerate paying dividends down the road, Mark this Post!!
What about Paulson selling all of his WAMU stake (bonds), wonder why?? Many high rank people (aka Players) involve on this deal....
Bbob u also gonna help Griffin foot the court bill??
Final Countdown!, 1 day left.
LMAO!!
Rosie is a Liar , he likes to toy with Retail!!
Nah! First AZ rule, "DonT Trust the Trust"!!
Look at it this way, at least you will not be wasting time looking at a message board 24/7 anymore
Quote:"I'm becoming more and more convinced the only thing coming after the 19th is the realization that nothing's coming back"
Holly Crappola, Don't worry BBob and the rest of her followers will foot up the bill..
Final Countdown!! 2 days left.
Quote: "Why would FDIC 'pay' anything?
stoxjokie
Answer: WRONG!!, FDIC is still liable....
Quote: "The Releases we signed are 'contingent upon' the 'consummation' (AKA Payment for WMB Assets) "
stoxjokie
Answer: No SHIAT, Sherlock!!
Exactly, FDIC still on the hook...
LMFAO, you have absolutely have no clue, FDIC is still liable for the premature seizure of a solvent bank. JPM was released of any wrong doing because we signed releases. However the FDIC has not been released yet.....
LOL, If I get the return Im thinking of I will buy myself a ranch, a horse and a saddle and join the celebration.
AZ I hope that the closing of the bankruptcy and getting that signature will be enought to let COOP loose... that will proof to be very interesting and cause the stock to explode
You are missing the point all we want is for the judge to sign the order and close the bankruptcy. I doubt we see any actions during the christmas break but is possible. We will definately see WMILT closing shop early next year if not before. Dont expect distributions right away IMHO.
We pack our things and move on to another stock?....
popcorn just ignore the few stox clowns they know their statement is false they just trying to solicit a respond from you..
FINAL COUNTDOWN!! 3 days left.
Yeah, just some chump change...
LOL, more like pie in the sky but at the end it does not matter everyone will be happy with the outcome. That is why I am glad I did not get emotional and rushed into selling my commons for preferreds. I just bought more to make sure one way or the other I would get a meaningful return....
LMFAO, your 500 preferred shares got nothing on my 700k common shares how is that for common sense??!!
AZ thanks for your outstanding DD as usual.. Keep lighting our path otherwise we will get lost with all this lawyer jargon.
yadda, yadda, yadda... Some people are nervous they did not diversify their investment. Never put all your eggs in one basket
patience Grasshopper, Patience...
Who really cares about the "Grace Period" we want to see that order signed, PRONTO!!
He was probably threatened not to publish any knowledge that could crack this egg wide open.... you will not hear from him again!!
You missing the party T 's!!
LMAO Quote:"5) So, all the big players: Bonderman et. al., Grayken et. al., Savitz et. al., Tepper et. al., the other SNHs (Aurelius, Owl Creek, Centerbridge), and all the other Hedge Funds, and of course currently the Underwriters are all Class 19 Equity Escrow Marker Holders."
So they do not own Class 22 escrow markers right? LMAO
LMAO Quote:"There will probably be two to four annual distributions to Marker Holders into perpetuity"
How dare you, Its my money and I want it all at once!!
You got it wrong!!
WMILT spoils a sure possibility, The SAUSAGE no way, distribution next year!! The BIG Players would be royally pissed off taking that money now and having to pay taxes so soon...
LOL that would be extra sweet!!
I agree, they made WAMU bleed on shark infested waters!!