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I think we should hear from something from the FDIC in the weekend;if we hear nothing it doesn't look good for the billions coming our way.Remember JPM was servicing everything and now they don't so someone else does or has to do it and if FDIC does communicate this now,then my expectations go down bigtime.
authorized 3.5B does not mean they have to be issued all.They can keep 2 B and issue them on the later date.
We may not get money sept 19 but we are now (very) close to knowing if we will get anything at all.FDIC must disclose the 645M payment and we should get an update on the case from them.I still have my job so I don't need extra money but it would be nice to retire a couple years earlier then.
Best part was,he once billed 25 hours for 1 day and he didn't have to return a dime from the Judge.lol
$750??Rosen billed at $1100 an hour 6 years ago.
The way I read it they already got their money,it was already in the books for the second quarter.So not 2 or 5 days ago.
FDIC should update the receivership balance sheet after the "payment" of 645M to JPM.Cash for now is still 2,76B
Bkshadow or Exdimer:any opinion regarding this strange wording in the JPM 10Q ?Legal benefit of 645M??What not just say:As part of the settlement with FDIC and DB,we received 645M or we are about to receive in coming weeks?
JPM is a bank very important to the USA,we're talking matter of national security.It is not gonna happen that we are gonna bring JPM into trouble.So forget 500 and 900B,it is not gonna happen.We may get 30 or 80B back:that wouldn't bring JPM in trouble.I don't believe it is gonna happen but I sure hope it would,so I can retire now instead of in 10 years.
of course not,patience.
Why should there come out news today?JPM will now get his 645M and for the rest we wait and hope.
Az:there is a difference between the real world and the world as he should be;your deepdigging and much appreciated DD may be correct but that doesn't mean it will happen that way.Back in 2012 everybody knew equity was in the money,but the milkman worked 25h/day and gave Visa shares and airplanes away until finally equity was not in the money.Did he go to jail??of course not.We will know in a few weeks how this is gonna end in the real(sometimes corrupt)world.
Have a little patience,we will find out soon if there will be money for us or not,we don't have to guess ,we will know soon.Final gavel.
And in 4 weeks from now,we will finally know if big money is coming or that the big boys split the goodies and hold everything for themselves.
16M shares,I wonder where all the shares keep coming from,unless Retail is giving up?Institutionals keep loading up and pps is going down?
Why not wait a couple of weeks to see if anything more is coming in our direction?Only
God knows everything.
aybe no payday but by then+ couple more we will see the numbers from FDIC regarding the payment to JPIG and what is left in the pot.
Couple of weeks,2 months max.
Doesn't really matter if you are right or the shadow.We will find out soon.
That answer is a bit easy.
Then why does it say subsidiary of WMIH when it has nothing to do with it??
I'll finally know if there comes a party in Vegas.In a few weeks we'll know.If it ends to be zero or some bucks from the LT then I 'll have to stay here in Europe.Before the end of 2017 we'll know:work for 10 more years or done working.Life changing event or not.
There is money in the liquidating trust and that is or will not be for us but for the milkman and his gang.If there is money in trusts that shouldn't have been taken by JPM or FDIC that is another matter.No change of mind at all.
There is money,but not for us.
Seems like you don't get Az and the point he is making.You're talking the bankrupty and Az is talking trusts that are not (direct)part of this ch11.You can not sell or gift away something you don't own.All the rules you mention don't apply regarding the trusts.
That is not what Az is telling us.I wonder who will be right.
Seems like most here it's a done deal:we are all rich.But we don't know(even Az admits this)who the investors behind all the different trusts are?Are we involved or not?We don't know.
Easy gifting when you first steal it.
we'll see in a couple of weeks.Let's hope the big numbers in our dreams become reality.
H's were not greedy,we were just raped by the upper classes and the Judge allowed it and some of these hedgies already got 30 times their investment without the intrest we had to give them on top.
Seems to me you didn't exactly read what AZ wrote.75/25 rule was ch11 and everything around it.But the trusts is something else and not part of the ch11(if there is money is these trusts and wmi participated in them).
It was a nice start but seems like all air already out of the balloon.
Az may have a point:we don't know what was in the trusts and who the investors were.But the FDIC can not take something that wasn't belonging to WMB bank but instead WMI's or someone else.We will find out soon enough.But if there are assets that didn'pass via the ch11 then there is no 75/25 rule.
Glad it will not take another 9 years to find out the real numbers: rather strange it takes months to dissolve a company with no assets.
299B is a wrong number: assets-liabilities.Remember milkman Rosen always made sure assets smaller than liabilities.
We are still owed some money and there is some cash in the LT so it will come,patience.
Yes we already know nothing is coming to us,you already told us 10K times.
I think JPM was also a big Pref holder.
Loaded up some more WMIH at 1.25:I think downside risk is minimal and we will be at 2 with a little bit of good news that I expect before the end of the year and hopefully a lot sooner.
Wow,finally someone who got answers from the FDIC.Can we here get a copy of you're answer from the FDIC-R??