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Its "escrow positions", not escrow markers. The markers were LT. Look at your account history for 2021. If you have escrows it will be in your history. Forever.
See you at the bank. If you released.
Bwahahahahaha!
I feel sorry for nonreleaser nonescrow holders.
I understand their bitterness and jealousy.
Hold2wm seems to be very knowledgeable. I'm not saying his ideas are 100% but he seems to have a handle on this. He's a realist not a pumper. There are others on bp who are really good too. I think we could be close to something now.
200b? Maybe not. But even 10b coming back is significant.
Supposedly a contact at FDIC. Friend of a friend.
I never believe rumors. Few are reliable. I'll believe it when I see it in my acct.
LG that's a good guess. Hold2 says $208B for our final group which would give us around 100B. I'd rather be conservative and be pleasantly surprised. FDIC has never had a mega settlement of this magnitude. I've hear a recent rumor that settlement negotiations are ongoing. SG, hedgies, and UWs all involved.
We have to wait and see on the 75 25 LIBOR argument, as well as the 2.5% for COOP. BP believes 75 25 to the end for all payouts. I have my doubts on that. But I do know this. We will all do well. If we are going to get paid it will be a combo of divvies, shares, new Ps, cash, etc. Complex payments that will take time. Bop may be right about her theory of the brokers offering loans till final payouts happen..
Libor in May per bp.
I agree we are very close now. Lets hope this judge isnt in Dimons back pocket like Walrath was.
If we dont see settlement this month we may have to wait till Oct discovery closure.
Thats different than a 1 or 2 penny dist.
Fact is, we dont know for sure what those are. Its likely nothing but it could be something due to frequency and timing.
Libor settlement is close now so who knows.
Thanks Order. You may be right.
Lets see what happens. Libor will be the first key. Hope we dont get screwed but I think we have a good shot.
Account tests are usually 1 or 2 cents.
As for previous tests, that was done many many years ago. Much has changed since then.
Test distributions a precursor to Libor settlement?
Our Libor case will likely wrap up this month and the brokers are starting to prepare.
Will it be 208b as hold2wm speculates? I hope hes right but my guess is 100b. That's still a lot of money, the most ever for the Fdic.
Test distributions are common when brokers feel something could be coming. They want to be prepared so there are no glitches. Lets see if others get them.
2026 doesnt exactly exude confidence!
I think it will come in several phases and will be a combo of JPM COOP shares, dividends, and cash.
Libor is our first shot at money. Then COOP shares. This year will be the start.
That hearing is not our case.
18 states have zero estate tax.
As for settlement money it may not be taxable. Lets hope anyway.
Bill48. I do what I can. You know what I mean.
Libor mega settlement very soon.
I cannot fathom it going into next year.
No escrows huh? LOL
So I see you are drinking the lodas et al koolade too. Sorry you didnt release.
Nope, standard Ferrari. His cheeks were bulging like he was ready to blow a gasket! Lol
Seems very friendly. Livin the good life. Like we all will be soon.
Yes, I believe we will all do well.
At least, those who released. Don't think I want a Ferrari. But a vette will be nice.
AZ, re: my new escrow 'vette. Will it be hard for me to get in and out? License plate will be WAMU
I recently saw Shaq driving down the freeway between LA and San Diego in a tiny red Ferrari.....license plate: SHAQ.
I got in the left lane next to him and he looked over at me, smiled and waved. Cool dude. But I couldn't help but think how in God's name did that gigantic guy cram himself into that little car! LOL
So my question is, can you get in and out ok? I bet Shaq needs a big shoe horn!
It's time to come together and think positive. Why?
I believe as hold2wm ($208B) and others do that we are very close to something really big. The FDIC has never entered into a settlement of this potential magnitude. As hold2 calls it, a "mega settlement". Will it happen, who knows for sure.
All signs point to it.
When the FDIC requested, and was granted, privacy for this settlement, that started the lights flashing. Why privacy? Hmmm. Well, it doesn't take a rocket scientist to figure out that they feel something significant is coming and they don't want it to be publicized.
I do not drink or do drugs. LOL But I have powerful intuition, and something is telling me we are close to news.
Good luck to holders of escrows. Almost 16 years of torture may soon be coming to an end.
I feel like something is in the near term offing.
This could be our year. When exactly, and how much is the question. The first half of May could be telling.
True. In a perfect world, slam dunk.
But this country is a mess. DOJ, FDIC, FED and on and on. The banksters are as corrupt as they come.
So yes, Libor should get us some justice. But who knows? All Dimon has to do is say, I have a pen and a phone. And hes off the hook.
I do think escrows will get some payout. But it wont be what it should be.
The big thing is, it will unlock the rest. Thats where the big money is. If we have a big enough crowbar.
As for Libor, this judge is our savior, I believe. I think she is righteous and will see that the mega settlement is fair and reasonable....unlike the other one.
Since jpm et al made trillions, certainly 400B is a Libor bargain. The Fdic did them a favor by only suing for 400b. It shouldve been much more. Yet cheapskate Dimon will crowbar the judge into accepting much less, maybe 100b. Sickening how that crapweasel gets away with the fleecing of America. Wamu suffered extensive 5th amendment damage and that rotten sob will get away with a mere slap on the wrist.
Thats justice in America today. But the hereafter is another matter entirely...........
Did you get the first distribution? If so, then you are on the list for the next distribution to happen any time now. I wish I knew the exact day of the next payout but nobody does.
Will it be COOP shares, or Libor cash. Both are looming.
I feel sorry for many of those who did not release because some did it thinking they could just sue. But it won't work out for them that way. Release = escrows.
Remember to discreetly and prudently help those in need....but trust no one. Keep your windfall to yourself or you'll have people tripping over your sidewalk constantly.
Release the Kraken!
Yes good things finally coming. I plan to buy a nice vacation home or two. Help old folks at the prescription counter who cant afford to pay. Help animals. Help our vets in need!
Do good things people. There will be plenty to go around.
Yes, thanks AZ. Any money flow will be welcome. The next few weeks will be very interesting indeed. Let's see how this all plays out. Hoping to hear about Libor any day.
Miniscule yes. But Libor won't be. And then the waterfall can begin.
We are fine.
Boarddork, I get all that.
I just dont see the P issue not being addressed in any COOP distribution since WMIH owns/is COOP. IMO
We shall see as this unfolds. If it unfolds.
Xoom, you think P owners will allow Coop to utilize assets without Ps getting paid? Aint gonna happen.
Maybe they could issue new Ps but that looks unlikely.
This is far more complex. Its not a simple calculation to the benefit of commons.
Nothing in this case is certain, but this is undoubtedly the closest we have come to seeing an escrow payout. In fact, several.
My concern is the corruption of the courts, banks, government, and Fdic. We are up against grave corruption.
Having said that proceed with caution until funds appear in your account. I'm not holding my breath. But I do like our chances at this time. I have particular confidence in Judge Buckwald that she will do the right thing.
Coattails
AZ wow, multitudinous posts today!
Did Alice buy you a tall cappuccino this morning?
LOL
But seriously with shares, Libor, and more coming yikes. Happy days on the way.
Libor disbursement of funds starting. Ours could be next.
40210 4/20/2024 MOTION for Disbursement of Funds AFTER DETERMINATION OF REASONABLE FEES DUE, IF ANY. Document filed by David Klusendorf. Return Date set for 5/6/2024 at 11:59 PM.
Split t. It may be that 2.5b comes to COOP from Libor if the Wamu estate gets 100b.
So Fdic sues for 400b. Settles for 200b. Wamu gets 100b. COOP gets its 2.5% and issues those shares without affecting SP.
Hmmmmm.
AZ. Celebrate today with a vette ride. Say hi to Alice Cooper for me.
We are very close to big news brutha.
Theres plenty in the news now to take any attention off the mega settlement to come. Perfect timing. Plus the protection order will keep the whole thing quiet. If this happens the way it looks, there will be virtually no announcement of settlement. Dimon will like that.
We will just wake up to extra funds in our accounts.
Libor update.
So we know the Fdic has requested and been granted case protection. That means getting updates and settlement info will be difficult.
I think the judge granted the request due to the enormity of the case. It will be the largest in Fdic history. Why? Wamu, that's why.
I have a feeling as do others that we may see something happening any day now or the first half of May.
The secretive nature of protection makes me worry a bit, but its certainly understandable why the Fdic requested it.
Will the settlement be 400b? Doubtful.
But 100-200b is possible considering the banks made trillions.
Then the judge decides how the Fdic must divide the settlement. My guess is Wamu gets 50%.
AIMO
Wow boarddork great synopsis. We are close to knowing all the answers. Once Libor is done it willbe a huge pandoras box opening.
As hold2 says, could be days. Not weeks.
Libor is happening. Just released:
401804/17/2024PROTECTIVE ORDER AND STIPULATION.regarding procedures to be followed that shall govern the handling of confidential material. So Ordered. (Signed by Judge Naomi Reice Buchwald on 4/17/2024)
We are getting close. The judge has a fiduciary duty to follow the proper disbursement of settlement funds.
Hold2wm now thinks settlement is days not weeks away.
I agree but we dont know for sure. A friday afternoon news dump would be prudent. Bury it in the news.