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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.
What the new Fdic order of protection tells us.
This Libor order was approved by the judge. So it means 2 things.
A settlement is underway.
The Fdic does not want the terms public.
This may be good or bad.
Will we ever know the amount of the settlement?
How will we know that the Fdic is going to be fair with its distributions?
Lets hope the judge makes those determinations.
We know the Fdic is corrupt so how do we know they will divide the settlement appropriately?
We only have to be right once.
Its a corrupt world so nothings certain anymore. But all things are lining up now.
So ask yourself this.....do you feel lucky? Did you release?
LOL. So the FDIC keeps 400b???
Where do you people come up with this nonsense?!
Libor is on deck.
Yes Ron, this could be us. This is the first I've seen the FDICR mentioned in these recent filings.
Let's see what the coming days bring. We are close to something. I don't see this getting dismissed.
Will Libor be a summary judgment? Maybe.
There is a difference between a verdict and a summary judgment. A summary judgment is a decision made based on statements and evidence without going to trial. It's a final decision by a judge designed to resolve a lawsuit before trial.
So if a settlement cannot be agreed to Judge Naomi can make her own decision, which is very likely. Fdic wants 400b. Hoping the judge makes it at least 200b.
Suzuk. If Dimon does monitor this board:
Jamie boy. You have one last chance to right this wrong before you meet your maker. I suggest you consider restitution before you get to the pearly gates. Otherwise you arent going to like the eternal results of your deed. Your choice.
Xoom, the 10 day move up means only one thing.
A settlement was offered. Sounds like it was turned down but who knows. They always start with a low ball and the Fdic pobly said no way. All part of the game.
I agree and disagree with Alice.
No way does the Libor take up to a year. But I do agree that a settlement offer has likely already been made, albeit small and thusly declined.
She is making an educated guess but nobody knows the amount or timing.
I am more in the hold2wm camp. He thinks our Libor deal is only days or weeks away. I think we are very close as well.
My guess is by June. 50-100B
Lettuce pray.
Hi David. I got your note.
Nothing is certain until we see it in our accts.
I think we are closer to escrow payments now than we've ever been.
The first shoe to drop is in Judge Buckwald chambers. Let's hope she sees the grave injustice of our case and the corruption that has wiped us out these 16 yrs. Many of us have since died , gotten sick or divorced, filed for bk, etc. 40,000 Wamu employees lost their jobs and life savings.
So yes, the Fdic sued for 400b.
We shall see what the settlement is because no way will this go on to trial. Let's hope God guides the judge and all involved into a just resolution.
This next week could be big for us. But who knows in this crazy world!
Bang. Those who give shall reap the benefits. Those with greed will pay a price for that.
If we get the kind of money I think we will there will be plenty to go around. Help our vets, disabled, animal rescues,
elderly. So much need out there.
We can still have nice things and a good home. Yep. There will be plenty to go around. Visualize. Think abundance.
87b over 16 yrs is 100b.
So many avenues for payment once Libor settles.
Help those in need....you dont need a diamond rolex.
And dont forget the animals.
Collectively we can affect great change when we have money.
Good karma.
xoom, and hold2wm said very soon as well. There were several docs posted this weekend re Libor. So I'd say we are very close, maybe this week. Wonder when the due date will be for payment. If the judge finds in our favor which is most likely, I say she gives them till June 1 to complete payments. So, the brokers will offer us loans for those who need money sooner.
I may be totally wrong.
But I doubt it.
LP. Thats why Dimon mentioned that 30b he "found".
He was preparing the shareholders that he'd be returning that, plus interest. And much more.
Look people, dont think for a second that the hedge funds arent on top of this. And Dimon knows that. We Will get paid. Getting closer by the day.