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goodie and muff. Yes, I agree that reposting things here from BP would likely not be appreciated by both ends.
What we can do is post summaries and ideas without copying and pasting over actual posts. We can summarize ideas from there and add our insights and ideas to what they believe will happen. It's too bad that posters like bop, hold2, dmdmd, and others will now only post over there due to what they perceive to be unfettered troll activity here. They don't need the grief.
I try to respect both boards the best i can, but the trolls do wear on me too! There are also trolls on bp, but they know their places and are largely just ignored.
Commons will get cash most likely. Ps get new preferreds. But who knows?
I say something happens soon. The hedgies are pissed no doubt.
I believe it is against the ihub tos. Correct?
Distro do you have bp access?
Some interesting dialogue now about this. I still think it could take some time for Libor but JPM must tread very carefully now. I don't think this judge is intimidated by who he is. He better be careful since this could quickly turn into criminality.
If the smart board is right and 86B is 75 25....
That's 8.6 par or 8600 per P and about $16 per Q. Nice. Hope Dr A was correct too. Smart guy, the only expert to ever assess the Wamu BK that we know of.
I dont care if you believe me or not.
I will not copy and paste from bp. No offense but the posters there are far better versed than the trolls here.
Nothing is certain but death and taxes.
Take your info and dd from lodas and become a wise investor. LOLOL
Libor payout of 86B lines up with Dr A's forensic amount from 15 yrs ago. Uncanny if the 86B prediction on bp is accurate.
Big money coming?
Or if they buy WMI assets by issuing new preferreds for our Ps. Who knows??
After 15 yrs, Oct is soon.
But we should hear something soon-er. I hope
Correct Ron. Wish people got their facts straight here, but some dont want to...
I expect to hear something about Libor very soon. By Apr 14 but if not then by Oct 4. We are very close to settlement.
How many times is this nonsensical psychobabble going to be paraded around on this board by a moderator???
I for one am not going to restate all the facts of this case for the umpteenth time.
I suggest calling Savitz, Bonderman, Tepper, et al. Ask Dimon if the $1b administrative fee was conclusive payment in full for the entire bank he had just offered $8 a share for. What about the 30b he found in the rubble. Or the 30b in the DCR. Or the soon to settle Libor money. Or the 400b that WMI secured well in advance of the Dimon heist.
Look folks, believe what you want.
He who laughs last laughs best.
And those who released and own escrow positions will laugh all the way to the bank.
Maybe we can set up a gofundme page for the naysayers when we get paid.
Naysayers are correct, the markers were deleted.
But the escrow positions were not. They just dont seem to understand that.
Its easy to be deluded when you dont own any of those positions.
The FDIC stated years ago: No distributions can be made while there is ongoing litigation....LIBOR!
So that was the big holdup. 15 years later we are close to the end. Once LIBOR is settled the funds can flow.
And yes, the LT escrow markers were deleted, but as wwhathe stated clearly, our escrow POSITIONS were not deleted. They are alive and well and waiting to be reactivated.
"The statement "Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets" indicates that the Bankruptcy Court and WMI Liquidating Trust (WMILT) have been waiting for the completion of the final reconciliation of remaining claims and the monetization of assets. This suggests that there are ongoing processes to resolve any remaining claims and to convert assets into cash or other forms of value. The outcome of these processes will likely have an impact on the distribution of funds or assets to the relevant parties involved in the liquidation."
Libor depositions have to be filed by Apr 14.
This is all coming to a head now very quickly thanks to this no nonsense judge. She cannot be strong armed by anyone. Tough lady.
I hope this happens not only for us shareholders but for the 40,000 employees who were devastated by this travesty and lost everything.
Unfair 5th amendment taking.
Gary, we dont know yet how the 2.5% will shake out. I believe it could be of any money sources coming back to the estate.
COOP = WMIH
Lets see what happens. Things could happen quickly now. Say your prayers that we finally get justice.
Goodie, Id be very surprised if this isnt settled before the Apr deposition deadline. If it doesnt Jpm puts themselves in grave jeopardy of Rico. It could go till the Oct 4 discovery date but I doubt it.
So, once a settlement is confirmed it will take a month or two for Computershare to confirm the 8500 accounts.
Thats why bop thinks the brokers may offer loans. That allows them to make money, and also is a huge tax advantage for us. Keep our money in our IRAs to avoid taxes, and take out loans against it. We shall see. I think we now have a 90% chance of payment but nothing is certain in this corrupt world!
Madbadger, COOP is going to explode if they get 2.5% of Libor.
Its interesting that they offered the $1b recently knowing that the 2.5% is now very likely. So they have big plans and need a lot of money. I expect the stock to hit 100 quickly on any news of that payment.
IMO, loading up now is a bargain.
As for vitamins, its amazing how many do not take them because of cost. But whats your health worth. If we get escrow money we will need to be healthy to fully enjoy our wealth
Everyone should be taking a high quality B complex, D3, K2, C, magnesium, ubiquinol, and whatever your particular needs require. Ive been on a vitamin program since I was 10. I never get sick, ever! They work. People are crazy if they dont take them.
Men over 50 need to get their testosterone level checked. Many older men who get sick have low T. It should be over 500. If you are squeamish about injections the topical gel on the upper arms works too. I prefer injections. Im as strong as I was at 18. Healthy. Fit.
Jpm made over a trillion on derivatives. Settling for a couple hundred b is a no brainer to avoid rico jail time.
This will settle no doubt.
You guys really stretch things to fit your narrative because you cant handle the truth.
Do you really think Dimon wants sunlight on this? Not hardly. He doesnt want to sit in a jail cell. This will be settled so get over.
Also congrats to you for making my ignore list, loser.
Judge Naomi is 79. Shes a great judge and I think she knows how the employees and shareholders of Wamu got screwed and she may want to try to make this right for them before she leaves the bench....this will be her legacy.
Judge Naomi Buchwald means business. She wants Libor wrapped up this year! I would expect a settlement any time now through Oct. Sooner rather than later...or face criminal charges in addition to monetary damages.
"The parties are reminded of the October 4, 2024 deadline to file summary judgment motions related to the alleged suppression of LIBOR and/or any conspiracy to suppress LIBOR (the "Upstream issues") . See EOF No. 3687 at 6. The parties are likewise reminded that the deadline for these motions will not be extended."
Xoom, as you know hold2wm is confident of Libor recovery but says 1 par is likely. That seems very conservative to me since FDIC is suing for 400b. Bop thinks 5 par. Id be thrilled to get 5 but I think holds conservative guess may be more realistic. 1 par is still a great payout.
Now there are other avenues once this Libor suit is settled. The DCR Ron has spoken of is another 3 par. Then we have payment for the bank and possibly minerals etc.
Xoom thats good news if accurate.
Please pm bop to let her know.
Thanks.
Yes, been quiet on BP. Waiting for Libor to settle. After that there will be a firestorm of activity. Some great posters there. Damn impossible for a new person to get in.
Dragoon it is difficult to get on bp. Almost impossible these days.
They are very selective as to who gets in so they do not get trolls. While there are a few trolls on there, they know their place and are careful not to cross the line or they get banned forever.
You can contact them and try, but you have to have a Wamu board history they can verify. Id say its very tough. Good luck but dont get your hopes up.
Xoom, no, he was being a wiseass.
Clueless idiot.
Xoom, H is for happy I've heard.
Did you say someone here knows hold2? Mustve missed that post. Details please.
Thanks tzeb. I have been considering leaving this board. Thats what the trolls want. They drove away many good posters. If I leave, then they have won, again.
So maybe I will stick around to be a pain for them!
Look, we dont know for sure about escrows. Nobody does. But Libor has changed all that. I used to be 50 50 on our chances but am now 90 10.
I'm here to extoll COOP and escrows but get attacked for being optimistic. Weirdorama.
I believe escrows will get paid. Long shot. Yes. But if they get paid it will change thousands of lives. Keep an eye on Libor.
I dont take chit from anybody including you. Bullies never will push me around. Never.
Wow. Thanks zoom, will check it out.
Big things happening. I still say the runup here from 50 is due in large part to Libor money coming.
Beaten down by negativity this board has gone quiet at a time when it should be very active with good Coop news.
Many have left this board and many more will as it is run by trolls...even the mods are.
Sad. So many great posters have left. I guess that was the troll goal.
Jhd, I agree! I put him on ignore.
But I am about done on this board. All the good posters have left because of people like him. I cannot believe hes a moderator! Lol
This world is a mess and this board is a reflection of that. Cant have a discourse about escrows without being personally attacked.
Welcome to the ignore list sicko.
I bet people in your life hate you.
Such a twisted miserable soul.
I truly believe you are not only evil, but insane.
Seek help. There's something seriously wrong with you.
Evil is as evil does.
Well then why are you here and why do you care 24 7?