Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
And what is your point??
Runoff notes are done now;LT will have gotten a little money but A&M Always putting a big piece aside for themselves.But I think there will be enough to finally pay H's out completely.
Stop with that nonsense man MM's making a market between buyers and sellers;this is not pink sheets.Most probably KKR (the good guys lol)are shorting us and will renegotiate an new conversion next weeks or months.We are getting raped by our own BOD and you're talking MM's?
Yes,but to get paid there has to be money somewhere and there is no reason anymore to keep that money.So unless we hear from WMIH or LT very soon(days not months) telling us we are to become rich than we can assume there is no money at all left because Jamie and his crooks took it all with help of FDIC.Remember we signed releases for Jamie even if it would come out he raped us.Still have a copy of those scum releases.
Did your money already flow?I'm still waiting and hoping.
Wow KKR raping us;we will get a new conversion price.Let's hope it will not be .11 instead of 1.10 .What a bunch of crooks running the show here.
That amount is important:or it was another gift to a crook or it was (as most here including me thought)payment for the work they did in managing some trusts and mortgages held for us under supervision of the FDIC.Now is the time not end of 2018:that is absurd.Not with JPM;not with FDIC so they must be with us(WMIH)or LTI or they don't excist?
Doesn't look good to me;it would be nice to know why JPM got 645M.I think that is very important;Was it to manage something(hopefully not the 2,76B in an account) or was it another gift by the FDIC.But if that is the case then JPM got paid for stealing a bank that was healthier than they were back in 2008.
Johnny :"No it is not GOING TO COME FROM THE RECIEVER"ok than if not FDIC,then I wonder who is holding distribution up(unless there will not be one).
Johnnyiwantsome:if you contact FDIC again it would be nice to know why the estate(FDIC receivership)paid JPM 645 or 648M??What was that for if FDIC doesn't do anything more than the 2.76B??
Ok the money is not gonna come from the FDIC as WMI was never seized.But if FDIC has nothing to do with the assets of WMI then there is or never was a reason to hold them back??Or maybe nobody was holding the assets but they simply are not there.If money is in trusts somewhere and nobody is holding them back (as we (WMI)not in the receivership) then why are they not distributed to us??More and more a bad feeling about this.
and what does this mean then?"The resolution of WAMU through the P&A Agreement was completed ".
Safe harbor assets have to come out now,not in 10 years.P&A agreement is done and FDIC is also almost done.If we don't see money or hear from WMIH or FDIC in next 7-14 days then I think we are done,final gavel down.
Libor case is not an asset but rather a liability;it the FDIC truying to get some money out of this in a deal with JPM.We are not the FDIC. This is about us but it is not about us getting money but instead paying for Libor fraud we may have done.
We should have heard something from FDIC regarding these Safe harbor assets so may be there are no safe harbor assets and the 2,76B is all there is??Final gavel down?
Don't hope to much regarding this:it is very strange FDIC already paid JPM and now they have to wait or go to court and hope something comes back to them??And Libor and forein exchange rates and so on has nothing to do with us;and even if it has anything to do with us ,it will not bring money but COST us money.
Someone here said money was gonna flow into our accounts together with JPM getting it 645M.But nothing came into my account and FDIC says 95% of the 2,76B is gone,poof.And now the sentence is back that equity is most likely gonna get zip,nada.Not looking good at all.25-75% discussion??
That's not true but I'm not gonna in discussion about it.
Por 7 was gonna pass even without shareholder's approval.
One more thing regarding 25-75%:if there is money in trusts or at the FDIC then that is money that was not part of the bancrupty process and the 25-75% rule only applies to that bancrupty process.So it seems to me pretty clearor cristal clear Az is right here.But we have to see first if there is anything at all in trusts or at the FDIC.
Seems like the 25-75 discussion is back.
You may love your escrows more and more but it would be nice to see some money:didn't take long for Jamie to get his money.
Let's first see if some real money comes our way and then the MB can start fighting about the 25%-75% all cash for WMIH and so on.But 75% of zero is still zero.First we have to see if something comes to us,and so far zip;nada.
And still no update at all and no money into my accounts as well.
Fdic taking much time to give us a update,unless we now get some real good info regarding trusts income or not.Hopefully not just removing the 648M and say they have to distribute 2.11B and not a word about some other assets.
Let's suppose nothing comes back to us and Jpig took it all then I wonder what the meaning is of the sentence on the FDIC page:" the Receiver will pay JPMC $645 million in cash in settlement of its administrative claims in the receivership"?What to make of administrative claims dat are worth 645M?
Are the markets open today??
That's what it's all about:the Whole bank versus de Whole bank holding.We'll see it soon enough.
FDIC finally saying they are gonna update the status,so far nothing special.Now we have so see if they'll talk about something more than the 2.7B that they have to distribute.Most likely none of that 2.7B is coming to us so we need to hear about other money that is with the FDIC.
And remember:after all this time there still is not a 3.1a of the P&A agreement,it is still a scrivener's error.
80B?That a lot of money.Remember Jamie suddenly found 30B extra even after they stole billions with help of Rosen and his gang(The selling ,or was it the gifting, of the new Wamu tower and the whole story with visa shares and all the rest .I still have my doubts big money will come our way but glad this is near the end and we"ll know finally;good or bad.
We may have to wait for money to come to us untill end of 2017 but within 14 days we must know 99.99% sure money is coming back(or not).And by money I don't mean the 50 or 70M for the LT.
We should hear from FDIC within next two weeks max and if not then we are in trouble.The FDIC has not the manpower nor the knowledge and means to deal with all the trusts.So if there is something material with FDIC we will hear pretty fast from them because they cannot manage all these trusts.
$ up or down is manipulated by the big banks.Most of time it does just the opposite of what it is supposed to do:coincidence??
The 1.4 T jpm raised some time ago has most likely nothing to do with the Wamu case and us.They may have raised it to take over some of the paper the Fed wants to unload.Don't forget JPM is the governement and they know very what to buy and then sell it to Retail.Thinking the 1.4T was raised to pay us is not realistic at all.Rico?I don't think so.Jamie may have given Sheila a little push but she made the (wrong) decision.
She may be right about that but I don't really care about 50 or 80M from the LT,that is peanuts compared to what we may get from FDIC(is they didn't give it all to Jamie for free),and we sure will know that much sooner than 2018.
If something comes back it would be nice if it was a bit more than 24B.Pref's face is 10B+ intrest for 9 years so that will be a total amount let's say 17B so 7 B left for commons:not bad but not life changing either.
My cristal ball is broken long time ago but one would assume for the numbers going around here(and I would love to see that kind of money)the FDIC should have already had an extra meeting or at least update the status report for the receivership.But we get it coming hours or days.
JPM is already been paid or taken care off so I'm waiting for the FDIC to update the status of the receivership.The fact the FDIC didn't hold an extra meeting this weekend regarding WMI not good as I see it but I still hope for maybe next week.And I think the Fed unloading some of it's paper has little or nothing to do with our case.
There is no need to wait for october;the FDIC has no means for servicing everything;if there is anything left(I sure hope so)then the FDIC has to get rid of most of it as soon as possible so let's see if we get some news coming days or hours:not weeks!