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Got any proof for your assumptions ?
I guess not .
Fdic says something different .
24 b + interest. This should be the minimum amount of fair and reasonable .
We will see .
What rest ?
I do not understand what you ask .
32 b is the leftovers from wmi . 24 assets + interest .
The "rest" are ~100b in repaid mortages managed by wmb/jpm and this cash was/is possibly owned by wmi / equity .
A little numbers game :
165 billion is what jpm had off balance in 2008 stolen from wamu .
Average loss rate is @ 59% .
78 b is already paid in cash .
38 b is lost and gone forever .
Leaves 49 b at loss rate 59% = ~ 20,09 b
78 b repaid cash + ~ 20 b future cash = 98 billion $$$ cold hard cash .
What a coincidence that jpm shoves off about 100 billion in "customer deposits" . Rofl .
+ 24 b in wamu assets + interest @ ~4% x 7 years = ~32 billion sitting at fdic .
~ 122 billion $ for equity . I know , seems like too much to believe it could be real . Haha .
My brain has massive problems figuring out my future deposits . Too much money . Haha .
I would feel "fair and reasonable" / satisfied with the 32 b from wamu holding .
All imo and gltua.
This should be worth 24 billion (32-8) + interest for 7 years :
Well thank you .
Am i the only one who thinks this 100 billion shove off move fits almost perfectly with the 78+ billion in cash from repaid wamu loans ?
You did not write this ?
You said it they did it due to new regulations , so please tell us , what new regulation made jpm shove off 100 billion ?
I find it really weitd that jpm made a press release about this and then nobody can find this specific regulation .
I could not find it , jpm itself could not / did not want to , the writers at reuters could not , you can not too .
Try and find this new regulation .
Hugely made up .
Care to explain to us what specific new regulation required jpm , and only jpm , to shove off 100 billion ?
I could not find this new rule and also no other bank had to shove off any "deposits" .
I find it really amazing that one single bank has to shrink by huge amounts and without a new fitting regulation .
It must be a jpm-only-new-regulation .
Maybe this is only a way to tell their investors that there will be 100 billion less on their balance sheet .
Proove me wrong . Haha .
Edit : i asked several jpm employees and nobody could tell me why they made this move and which regulation made them do that .
I believe its an error , wmih only has an interest in money from the litigation trust as far as i remember .
I do not see that wmih will get anything from the liquidation trust in the future .
All imho .
Exactly my view too :
I can not believe that , i think this construction of wmih / wmiic is there to provide the possibility to transfer the remaining wamu mortages/assets at jpm/fdic (38b not yet repaid mortages with average loss rate @ 59% = worst case 15b x 10% service fee = 1,5 - 3,8 b cash for wmih) without too much attention , so that wmih can service these assets and will be able to use their nol on their service fees . The owners of these assets are and will be the "estate"/"we". Maybe wmih will pay the owners for their assets with wmi stock . We will see .
The repaid cash at jpm (78 b - jpms service fees @~10%) should go to the trust /lti .
The 24 b (32b -8b + interest ~ 5%/7b ) assets of wmi should go to the trust/lti too .
~70b + ~30b= "jpm to shed off 100b"
Jpm still got the sweetest deal in history .
Fdic gets out without losing their "face" for their nonreleased wrongdoings .
Goldman gets out for their "help" to find our assets .
The highly illegal wamu heist never happened .
Nobody has to fear Rico .
Everybody is happy and nobody goes to jail .
Enough money to pay off everybody .
Book closed .
All just imho .
I do doubt that this process will start in 2015 and it will take til 2018 to completly resolve .
Interesting read . Can you (or someone else )post the trust agreement please ? Thank you .
http://www.secinfo.com/dJ5e.m8v.b.htm
R203/4
It shows 150+ billion $ off balance .
What is the defintion of "(don't) to hold your breath"?
Thanks .
Always keep on asking why the fdic is not released .
Isn't it funny how one can misread , rewrite and "debunk" this very clear document and rip it apart til it "fits" ?
Haha .
Go read section 1.183/1.184(Released ?Parties/Claims?) of the GSA and you will see it for yourself. The FDIC-R and the Receivership "ARE NOT FULLY RELEASED" in plain english. See below.......
"provided, however, that “Released Claims” does not include (1) any and all claims that the JPMC Entities, the Receivership, the FDIC Receiver and the FDIC Corporate are entitled to assert against each other or any other defenses thereto pursuant to the Purchase and Assumption Agreement, which claims and defenses shall continue to be governed by the Purchase and Assumption Agreement, (2) any and all claims held by Entities against WMB, the Receivership and the FDIC Receiver solely with respect to the Receivership, and (3) subject to the exculpation provisions set forth in the Plan, any avoidance action or claim objection regarding an Excluded Party or the WMI Entities, WMB, each of the Debtors’ estates, the Reorganized Debtors and their respective Related Persons; and, provided, further, that “Released Claims” is not intended to release, nor shall it have the effect of releasing, any party from the performance of its obligations in accordance with the Confirmation Order or the Plan."
Thanks to hotmeat
Ask bk why the fdic is not released .
WMI Bankruptcy Docket and WMI POR 7 is NON-FICTION...
...the WMI Disclosure Statement is CLEAR as to the treatment of all creditor classes and residual equity.
...WMI POR7 is CLEAR as to the results of the "mediated settlement" as approved by all parties in interest, including equity.
...WMI shareholder ballot approval of the 7th Amended Plan is CLEAR.
...the WMI Equity Committee and the Chairman of the Equity Committee filed "support" documents for the 7th Amended Plan, described the terms of the settlement (what was coming) and indicated that (what they "actually filed") was, to them, fair and reasonable.
...all WMI real world happenings, fully documented.
...since WMI effected the WMI Liquidating Trust (WMILT), the facts of tens to hundreds of billions that are coming to such WMILT are just that; facts.
...such WMILT facts are made by ANY PARTY IN INTEREST in ANY FORMAT on ANY PUBLIC RECORD.
...the WMILT facts exist in the real world of the docket, any SEC filing party, any publication or comment by any party, counsel or advisor.
As such facts...
...$100B of FDIC-R deposits stored at jpm under the wamu name WILL BE TAKEN AWAY TO GIVE TO WMILT ESCROWS. Although it may be less value than 100 but i am shure these are worth more than 1.888 .
...the FDIC-R does have a staggering amount off-balance assets to re-appear TO GIVE TO WMILT ESCROWS.
...WMILT does not own the land under bank branches , the 2200 bank branches + 5000 atms BUT JPM HAS TO PAY FOR THAT AND THIS WILL BE GIVEN BACK TO WMILT ESCROWS.
...the $30B of "well performing JPM commercial apartment loans" are on the books of JPM, they didn't "just find them," and THEY ARE NOT BEING GIVEN TO WMILT ESCROWS BUT JPM STILL HAS TO PAY FOR THIS .
... Since the FDIC-R IS NOT RELEASED they will make shure that all of the above mentioned will come back to
GOLDEN ESCROWS.
...period, paragraph and comma.
I found some mistakes in bkshadowys old magic sticky and corrected them according to our documented proof presented by several posters on this board. Please sticky this post or I will repost with pleasure . Rofl .
And always keep on asking why the fdic is still not released from their past wrongdoings like seizing the assets of the solvent wmi holding in 2008 .
WMI Bankruptcy Docket and WMI POR 7 is NON-FICTION...
...the WMI Disclosure Statement is CLEAR as to the treatment of all creditor classes and residual equity.
...WMI POR7 is CLEAR as to the results of the "mediated settlement" as approved by all parties in interest, including equity.
...WMI shareholder ballot approval of the 7th Amended Plan is CLEAR.
...the WMI Equity Committee and the Chairman of the Equity Committee filed "support" documents for the 7th Amended Plan, described the terms of the settlement (what was coming) and indicated that (what they "actually filed") was, to them, fair and reasonable.
...all WMI real world happenings, fully documented.
...since WMI effected the WMI Liquidating Trust (WMILT), the facts of tens to hundreds of billions that are coming to such WMILT are just that; facts.
...such WMILT facts are made by ANY PARTY IN INTEREST in ANY FORMAT on ANY PUBLIC RECORD.
...the WMILT facts exist in the real world of the docket, any SEC filing party, any publication or comment by any party, counsel or advisor.
As such facts...
...$100B of FDIC-R deposits stored at jpm under the wamu name WILL BE TAKEN AWAY TO GIVE TO WMILT ESCROWS. Although it may be less value than 100 but i am shure these are worth more than 1.888 .
...the FDIC-R does have a staggering amount off-balance assets to re-appear TO GIVE TO WMILT ESCROWS.
...WMILT does not own the land under bank branches , the 2200 bank branches + 5000 atms BUT JPM HAS TO PAY FOR THAT AND THIS WILL BE GIVEN BACK TO WMILT ESCROWS.
...the $30B of "well performing JPM commercial apartment loans" are on the books of JPM, they didn't "just find them," and THEY ARE NOT BEING GIVEN TO WMILT ESCROWS BUT JPM STILL HAS TO PAY FOR THIS .
... Since the FDIC-R IS NOT RELEASED they will make shure that all of the above mentioned will come back to
GOLDEN ESCROWS.
...period, paragraph and comma.
I found some mistakes in bkshadowys old magic sticky and corrected them according to our documented proof presented by several posters on this board. Please sticky this post or I will repost with pleasure . Rofl .
And always keep on asking why the fdic is still not released from their past wrongdoings like seizing the assets of the solvent wmi holding in 2008 .
Isn't it funny how one can misread this very clear document and rip it apart til it "fits in" ?
Haha .
Go read section 1.183/1.184(Released ?Parties/Claims?) of the GSA and you will see it for yourself. The FDIC-R and the Receivership "ARE NOT FULLY RELEASED" in plain english. See below.......
"provided, however, that “Released Claims” does not include (1) any and all claims that the JPMC Entities, the Receivership, the FDIC Receiver and the FDIC Corporate are entitled to assert against each other or any other defenses thereto pursuant to the Purchase and Assumption Agreement, which claims and defenses shall continue to be governed by the Purchase and Assumption Agreement, (2) any and all claims held by Entities against WMB, the Receivership and the FDIC Receiver solely with respect to the Receivership, and (3) subject to the exculpation provisions set forth in the Plan, any avoidance action or claim objection regarding an Excluded Party or the WMI Entities, WMB, each of the Debtors’ estates, the Reorganized Debtors and their respective Related Persons; and, provided, further, that “Released Claims” is not intended to release, nor shall it have the effect of releasing, any party from the performance of its obligations in accordance with the Confirmation Order or the Plan."
Thanks to hotmeat
WMI Bankruptcy Docket and WMI POR 7 is NON-FICTION...
...the WMI Disclosure Statement is CLEAR as to the treatment of all creditor classes and residual equity.
...WMI POR7 is CLEAR as to the results of the "mediated settlement" as approved by all parties in interest, including equity.
...WMI shareholder ballot approval of the 7th Amended Plan is CLEAR.
...the WMI Equity Committee and the Chairman of the Equity Committee filed "support" documents for the 7th Amended Plan, described the terms of the settlement (what was coming) and indicated that (what they "actually filed") was, to them, fair and reasonable.
...all WMI real world happenings, fully documented.
...since WMI effected the WMI Liquidating Trust (WMILT), the facts of tens to hundreds of billions that are coming to such WMILT are just that; facts.
...such WMILT facts are made by ANY PARTY IN INTEREST in ANY FORMAT on ANY PUBLIC RECORD.
...the WMILT facts exist in the real world of the docket, any SEC filing party, any publication or comment by any party, counsel or advisor.
As such facts...
...$100B of FDIC-R deposits stored at jpm under the wamu name WILL BE TAKEN AWAY TO GIVE TO WMILT ESCROWS. Although it may be less value than 100 but i am shure these are worth more than 1.888 .
...the FDIC-R does have a staggering amount off-balance assets to re-appear TO GIVE TO WMILT ESCROWS.
...WMILT does not own the land under bank branches , the 2200 bank branches + 5000 atms BUT JPM HAS TO PAY FOR THAT AND THIS WILL BE GIVEN BACK TO WMILT ESCROWS.
...the $30B of "well performing JPM commercial apartment loans" are on the books of JPM, they didn't "just find them," and THEY ARE NOT BEING GIVEN TO WMILT ESCROWS BUT JPM STILL HAS TO PAY FOR THIS .
... Since the FDIC-R IS NOT RELEASED they will make shure that all of the above mentioned will come back to
GOLDEN ESCROWS.
...period, paragraph and comma.
I found some mistakes in bkshadowys old magic sticky and corrected them according to our documented proof presented by several posters on this board. Please do not sticky this post . Haha . I will repost with pleasure . Rofl .
And always keep on asking why the fdic is still not released from their past wrongdoings like seizing the assets of the solvent wmi holding in 2008 .
I doubt that significant events will happen til db lawsuit is resolved .
If there are wamu assets at jpm/fdic that belong to the estate they won't give them away in one big move , it will happen in bits over a longer period of 2-3 years . Every few months escrows get a "little bit" to not attract too much attention. In the end jpm will pay at least half the money right back in their own escrow account .
Imho
My guess on our recovery is 0 , we are screwed and the banksters won , the "crew" is right and we can'read documents .
Not .
It is more like 30+ billion for wmb assets + 24 billion for wmi assets (32-8) + interest at ~5% pa .
For escrows.
2.5 % goes to wmih and they can buy a company to use the nols .
Jpm still made a massive multibillion $ fortune , fdic is out of their self created "trouble" , nobody goes to jail , we are quiet , too busy counting $ .
Sounds fair and reasonable .
All imho . Dont get excited too much , this will take til 2018 too fully resolve and nobody really knows what is "f&r" til we have the $ actually in our accounts . It may be 100 billion or 100 million . Nobody knows .
This is on topic as a post can possibly be on topic ! **** ihub .
Go read section 1.183/1.184(Released ?Parties/Claims?) of the GSA and you will see it for yourself. The FDIC-R and the Receivership "ARE NOT FULLY RELEASED" in plain english. See below.......
"provided, however, that “Released Claims” does not include (1) any and all claims that the JPMC Entities, the Receivership, the FDIC Receiver and the FDIC Corporate are entitled to assert against each other or any other defenses thereto pursuant to the Purchase and Assumption Agreement, which claims and defenses shall continue to be governed by the Purchase and Assumption Agreement, (2) any and all claims held by Entities against WMB, the Receivership and the FDIC Receiver solely with respect to the Receivership, and (3) subject to the exculpation provisions set forth in the Plan, any avoidance action or claim objection regarding an Excluded Party or the WMI Entities, WMB, each of the Debtors’ estates, the Reorganized Debtors and their respective Related Persons; and, provided, further, that “Released Claims” is not intended to release, nor shall it have the effect of releasing, any party from the performance of its obligations in accordance with the Confirmation Order or the Plan."
Thanks to hotmeat
WMI Bankruptcy Docket and WMI POR 7 is NON-FICTION...
...the WMI Disclosure Statement is CLEAR as to the treatment of all creditor classes and residual equity.
...WMI POR7 is CLEAR as to the results of the "mediated settlement" as approved by all parties in interest, including equity.
...WMI shareholder ballot approval of the 7th Amended Plan is CLEAR.
...the WMI Equity Committee and the Chairman of the Equity Committee filed "support" documents for the 7th Amended Plan, described the terms of the settlement (what was coming) and indicated that (what they "actually filed") was, to them, fair and reasonable.
...all WMI real world happenings, fully documented.
...since WMI effected the WMI Liquidating Trust (WMILT), the facts of tens to hundreds of billions that are coming to such WMILT are just that; facts.
...such WMILT facts are made by ANY PARTY IN INTEREST in ANY FORMAT on ANY PUBLIC RECORD.
...the WMILT facts exist in the real world of the docket, any SEC filing party, any publication or comment by any party, counsel or advisor.
As such facts...
...$100B of FDIC-R deposits stored at jpm under the wamu name WILL BE TAKEN AWAY TO GIVE TO WMILT ESCROWS. Although it may be less value than 100 but i am shure these are worth more than 1.888 .
...the FDIC-R does have a staggering amount off-balance assets to re-appear TO GIVE TO WMILT ESCROWS.
...WMILT does not own the land under bank branches , the 2200 bank branches + 5000 atms BUT JPM HAS TO PAY FOR THAT AND THIS WILL BE GIVEN BACK TO WMILT ESCROWS.
...the $30B of "well performing JPM commercial apartment loans" are on the books of JPM, they didn't "just find them," and THEY ARE NOT BEING GIVEN TO WMILT ESCROWS BUT JPM STILL HAS TO PAY FOR THIS .
... Since the FDIC-R IS NOT RELEASED they will make shure that all of the above mentioned will come back to
GOLDEN ESCROWS.
...period, paragraph and comma.
I found some mistakes in bkshadowys old magic sticky and corrected them according to our documented proof presented by several posters on this board. Please do not sticky this post . Haha . I will repost with pleasure . Rofl .
And always keep on asking why the fdic is still not released from their past wrongdoings like seizing the assets of the solvent wmi holding in 2008 .
How do come to this conclusion without ever seeing the asset list 3.1a ?
An quiet a few other documnts that clearly state " wmbfsb was an indirect sub of wmi"?
Very telling again .
What would you do if you screwed up big time in a multi billion dollar operation and a few hundred people are still ranting about it on the internet year after year day after day ? ... Get it ? ;)
Hint : more skin in the game as they ever wanted . Haha .
Time will tell why worthless escrows are such a hot topic after all these years .
I like it a lot . Thank you .
Jpms lowball "offer" a few months before the seizure was already denied by wmi as too damn low and they will not be able to make a better offer again ...
The price will be the book value for all assets they got from the illegal seizure by fdic + interest ... End of the story . Period. All written down in various documents .
As bkshadowy said ... it is all clear and non fiction . Rofl .
The fdic will have to shoot their and jpms foot til 2018 or their nonrelease will make shure that we can take the "smoking gun" and let the "bullet" hit somewhere more "necessary" .
And they will prefer the first option although it will be very "uncomfortable" for them.
All imho .
I am shure that this discussion is going 180 degrees against their agenda . Haha .
And every time they try to turn it , it goes back to the question when and how much .
Hilarious .
Isn't it funny how one can misread this very clear document and rip it apart til it fits an agenda ?
Haha .
Go read section 1.183/1.184(Released ?Parties/Claims?) of the GSA and you will see it for yourself. The FDIC-R and the Receivership "ARE NOT FULLY RELEASED" in plain english. See below.......
"provided, however, that “Released Claims” does not include (1) any and all claims that the JPMC Entities, the Receivership, the FDIC Receiver and the FDIC Corporate are entitled to assert against each other or any other defenses thereto pursuant to the Purchase and Assumption Agreement, which claims and defenses shall continue to be governed by the Purchase and Assumption Agreement, (2) any and all claims held by Entities against WMB, the Receivership and the FDIC Receiver solely with respect to the Receivership, and (3) subject to the exculpation provisions set forth in the Plan, any avoidance action or claim objection regarding an Excluded Party or the WMI Entities, WMB, each of the Debtors’ estates, the Reorganized Debtors and their respective Related Persons; and, provided, further, that “Released Claims” is not intended to release, nor shall it have the effect of releasing, any party from the performance of its obligations in accordance with the Confirmation Order or the Plan."
Thanks to hotmeat
one of the best posts indeed ...
one is almost unable to find a reason to discuss the wamu process any further after reading this .
haha .
thanks .
please repost this from time to time .
this is what will happen according to their new fdic rules in the next "crisis" and also imho these new rules are the result of what they created in the wamu mess .
makes a lot of sense to take away assets of a holding when a sub fails ...
it is like saying ...
well you are could not pay and now your friends will have to pay for you ... one can find these lines in the godfather 1 2 and 3 .
and this is exactly what they tried to pull off in the wamu heist.
and failed big time because it was illegal even by their own fdic rules back in 2008 .
here is the article again :
The FDIC’s bank holding company heist
Recapitalizing a failing subsidiary bank with the assets of the parent firm is contrary to law.
Limited liability of shareholders is a basic principle of corporate law. Shareholders can suffer the complete loss of their investment in a corporation, but creditors of the corporation cannot sue shareholders to recover what they may have lost in a corporate bankruptcy. Yet to “protect” against future financial crises, the Federal Deposit Insurance Corp. has proposed a new bank-resolution process that would upend this principle.
The 2010 Dodd-Frank financial law authorizes the Treasury secretary to seize control of failing “systemically important financial institutions” and turn them over to the FDIC for “orderly” liquidation. This was intended to be an alternative to bankruptcy which, following the 2008 Lehman Brothers bankruptcy, has been portrayed (erroneously) as a disorderly process.
But here’s the rub. The largest, systemically important banks in the U.S. are subsidiaries of still larger bank holding companies. The FDIC’s proposed new bank-resolution process would seize the property of these bank holding company shareholders and creditors to bail out the creditors of a failing subsidiary bank, which is not authorized under Dodd-Frank.
This idea has gained momentum among bank regulators since it was introduced late last year and is likely to be adopted by the FDIC in the near future. Never mind that the plan is at odds with the way corporate law applicable to banks has worked in the U.S. for many years. Or that, as designed, the plan could impose losses on a bank holding company far in excess of its equity investment in a failing bank.
Assume that a bank holding company has $600,000 in equity and $1 million in assets, which includes an investment of $500,000 in a subsidiary bank. If the bank suffers a $1 million loss, it will wipe out the holding company’s investment in the subsidiary bank. Although the loss would cause the subsidiary bank to fail, under limited shareholder liability the bank holding company would still have $100,000 in equity and $500,000 in assets.
Under the FDIC plan, however, the agency will seize all the remaining bank holding company assets and use them to recapitalize the failed bank. In effect, in order to protect the creditors of the bank, the shareholders of the bank holding company are wiped out.
This outcome is no different than if a court were to hold that the owner of shares in a bank is personally liable for its losses, something that has not been done in the U.S. since bank shareholders faced “double-liability,” which was eliminated by law in 1953.
This confiscatory plan for carrying out the FDIC’s Dodd-Frank authority has no legal basis. Title II of the law authorizes the Treasury secretary to seize a bank holding company only if the holding company is in danger of default. Yet regulators claim they have the power to compel a bank holding company to recapitalize a subsidiary bank even if doing so violates limited liability and renders the holding company insolvent.
Not only is there no authority anywhere in Dodd-Frank for the FDIC to seize the assets of a solvent bank holding company, there is also no authority to use those assets to recapitalize a failing subsidiary.
It is important for Congress to address this issue in its next session. If the FDIC were ever to use this plan for a failing bank, likely in the midst of a financial crisis, the shareholders and creditors of the bank holding company would surely sue to prevent the taking of their property without legal authority. Courts, looking at a settled provision of corporate law, would want to see some legal support for FDIC authority to take the bank holding company’s property. Finding none, it is likely the courts would stop what could be a necessary step to keep a large failing bank from causing a wider financial crisis.
All indications are that the FDIC will proceed with this proposal unless Congress intervenes. There are two possibilities. Congress can amend Dodd-Frank so that it explicitly authorizes this regulatory overreach—putting shareholders and creditors of bank holding companies on notice that they are at risk for the losses of subsidiary banks. Or it could simply make clear that taking the property of bank holding companies to save the creditors of a subsidiary bank is not permissible.
What is important, however, is that Congress act, one way or the other.
Mr. Kupiec, a resident scholar at the American Enterprise Institute, has held senior positions at the FDIC, IMF and Federal Reserve. Mr. Wallison, an AEI senior fellow, was general counsel of the Treasury in the Reagan administration.
http://www.aei.org/publication/fdics-bank-holding-company-heist/?utm_source=dlvr.it&utm_medium=twitter
WMI Bankruptcy Docket and WMI POR 7 is NON-FICTION...
...the WMI Disclosure Statement is CLEAR as to the treatment of all creditor classes and residual equity.
...WMI POR7 is CLEAR as to the results of the "mediated settlement" as approved by all parties in interest, including equity.
...WMI shareholder ballot approval of the 7th Amended Plan is CLEAR.
...the WMI Equity Committee and the Chairman of the Equity Committee filed "support" documents for the 7th Amended Plan, described the terms of the settlement (what was coming) and indicated that (what they "actually filed") was, to them, fair and reasonable.
...all WMI real world happenings, fully documented.
...since WMI effected the WMI Liquidating Trust (WMILT), the facts of tens to hundreds of billions that are coming to such WMILT are just that; facts.
...such WMILT facts are made by ANY PARTY IN INTEREST in ANY FORMAT on ANY PUBLIC RECORD.
...the WMILT facts exist in the real world of the docket, any SEC filing party, any publication or comment by any party, counsel or advisor.
As such facts...
...$100B of FDIC-R deposits stored by jpm WILL BE TAKEN AWAY TO GIVE TO WMILT ESCROWS.
...$240B original and $38 residual of MBS owned by investors in Trusteeship of Deutsche Bank WILL may BE TAKEN AWAY TO GIVE TO WMILT ESCROWS.
...the FDIC-R does have a staggering amount off-balance assets to re-appear TO GIVE TO WMILT ESCROWS.
...WMILT does not own the land under bank branches , the 2200 bank branches + 5000 atms BUT JPM HAS TO PAY FOR THAT AND THIS WILL BE GIVEN BACK TO WMILT ESCROWS.
...the $30B of "well performing JPM commercial apartment loans" are on the books of JPM, they didn't "just find them," and THEY ARE NOT BEING GIVEN TO WMILT ESCROWS BUT JPM STILL HAS TO PAY FOR THIS .
... Since the FDIC-R IS NOT RELEASED they will make shure that all of the above mentioned will come back to
GOLDEN ESCROWS.
...period, paragraph and comma.
I found some mistakes in bkshadowys sticky and corrected them according to our documented proof presented by several posters on this board. Please sticky this post too . Haha .
And always keep on asking why the fdic-r is still not released from their past wrongdoings like seizing the assets of the wmi holding in 2008 .
yes , very good for you that you know everthing about them ... can you please provide me / us with where and how these bonds are trading ?
with a link or any other specific reference please .
i can not find them anywhere .
you said you see them trading at low levels ... so that concludes it for me that you have more than no info / reference at all about them ...
if not it seems like you made that claim up out of nothing doesnt it ?
maybe i want to buy some .
mouse ?
it is also very telling that you say that the fdic is released and ignore the fact that the official documents says it a "little" different .
your interpretation of official documents is again very "telling".
i am shure you know the following exactly word for word .
Go read section 1.183/1.184(Released Parties) of the GSA and you will see it for yourself. The FDIC-R and the Receivership "ARE NOT FULLY RELEASED" in plain english. See below.......
"provided, however, that “Released Claims” does not include (1) any and all claims that the JPMC Entities, the Receivership, the FDIC Receiver and the FDIC Corporate are entitled to assert against each other or any other defenses thereto pursuant to the Purchase and Assumption Agreement, which claims and defenses shall continue to be governed by the Purchase and Assumption Agreement, (2) any and all claims held by Entities against WMB, the Receivership and the FDIC Receiver solely with respect to the Receivership, and (3) subject to the exculpation provisions set forth in the Plan, any avoidance action or claim objection regarding an Excluded Party or the WMI Entities, WMB, each of the Debtors’ estates, the Reorganized Debtors and their respective Related Persons; and, provided, further, that “Released Claims” is not intended to release, nor shall it have the effect of releasing, any party from the performance of its obligations in accordance with the Confirmation Order or the Plan."
thanks to hotmeat
they could not even have seized them legally in 2008 .
so they should not be able to hold any wmi assets legally .
that does not mean that they are not doing it of course ,
because obviously they do somehow .
and thats the crux of the wamu story .
the owners of wmi / we / myself , fdic , jpm had/have to resolve something that could never have happended in 2008 .
and again ... they changed the rules for the fdic after they messed up wamu so bad and now they can seize and hold holdings assets.
these changes should have no influence on whatever happened in 2008 nor do they make any past wrongdoings legal. period .
one can be curious about how this plays out in the end .
do you have a link to these wmb bonds ? isin or something else to find them ?
would you also kindly explain why the fdic is not released from their past wrongdoings ?
it really surprises me that our lawyers felt the need to do this as a result of the 2 month mediation ... kind of a weird move if there is absolutely nothing wrong with what the fdic did in the past.
i am looking forward for your explanation for this .
haha .
imho in 2008 they could neither seize or hold anything else exept assets of a bank like wmb legally.
holdings were not in their "responsibility" in 2008 although they changed these rules not so long ago to their favor after the wamu disaster and now they can get their hands on holdings ... this may be the reason you read about it now .
the fdic may have the authority to hold assets of wmb in their various options like for instance on / off balance safe harbour operations but , as a matter of fact , they can not legally hold assets of wmi or any of its direct or indirect subs like wmbfsb etc. pp. ...
and this is also their big problem because this is exactly what they are doing since 2008 and also what they are trying so hard to hide from the outside world/prosecution.
this is also the reason why the fdic is still not released by me or any other escrow holder .
they got their outofjailcard in exchange for all these illegaly seized assets / payment for these assets they gave away to jpm in their record multi billion dollar long planned "project west" bank heist in 2008 .
jpms "project west" to purchase wamu would have worked perfectly if they were not so damn greedy and wanted it for free / 1.888b / 1% instead of giving the shareholders at least these 8 dollars they offered a few months earlier .
this offer was denied because it was too damn low by the way ...
now they have to give us a "little" more than 8$ + 7 years interest .
time will tell how this wamu saga will play out in the end .
but one needs escrows to participate if the jackpot is coming .
haha .
very funny conversation . haha .
i think the whole problem in this wamu mess is that the fdic did not only seize wmb but also all direct and indirect wmi subs partly "managed" at wmb ...
i wonder for instance how it was possible for jpm to give away the million $ wmi art collection to charity if they never legally got it from the fdic ...
also how jpm could sell the wamu tower seattle owned by wmi for pennys on the dollar as another example ...
the list goes on and on and on ...
not speak of wmbfsb which was a indirect sub of wmi worth several billion $ did also somehow went to jpm .
the fdic seized assets of a holding company and it was illegal in 2008 and it really does not matter if it is legal today ...
still illegal behavior .
this is exactly why the fdic is not released for their wrongdoings by me and all other escrow owners .
and it really doesnt matter what some say on this board anymore ...
or leave out or forget half of the truth ...
haha .
escrow will be blindingly golden .
all imho .
WMI Bankruptcy Docket and WMI POR 7 is NON-FICTION...
...the WMI Disclosure Statement is CLEAR as to the treatment of all creditor classes and residual equity.
...WMI POR7 is CLEAR as to the results of the "mediated settlement" as approved by all parties in interest, including equity.
...WMI shareholder ballot approval of the 7th Amended Plan is CLEAR.
...the WMI Equity Committee and the Chairman of the Equity Committee filed "support" documents for the 7th Amended Plan, described the terms of the settlement (what was coming) and indicated that (what they "actually filed") was, to them, fair and reasonable.
...all WMI real world happenings, fully documented.
...since WMI effected the WMI Liquidating Trust (WMILT), the facts of tens to hundreds of billions that are coming to such WMILT are just that; facts.
...such WMILT facts are made by ANY PARTY IN INTEREST in ANY FORMAT on ANY PUBLIC RECORD.
...the WMILT facts exist in the real world of the docket, any SEC filing party, any publication or comment by any party, counsel or advisor.
As such facts...
...$100B of FDIC-R deposits stored by jpm WILL BE TAKEN AWAY TO GIVE TO WMILT ESCROWS.
...$240B original and $38 residual of MBS owned by investors in Trusteeship of Deutsche Bank WILL may BE TAKEN AWAY TO GIVE TO WMILT ESCROWS.
...the FDIC-R does have a staggering amount off-balance assets to re-appear TO GIVE TO WMILT ESCROWS.
...WMILT does not own the land under bank branches , the 2200 bank branches + 5000 atms BUT JPM HAS TO PAY FOR THAT AND THIS WILL BE GIVEN BACK TO WMILT ESCROWS.
...the $30B of "well performing JPM commercial apartment loans" are on the books of JPM, they didn't "just find them," and THEY ARE NOT BEING GIVEN TO WMILT ESCROWS BUT JPM STILL HAS TO PAY FOR THIS .
... Since the FDIC-R IS NOT RELEASED they will make shure that all of the above mentioned will come back to
GOLDEN ESCROWS.
...period, paragraph and comma.
I found some mistakes in bkshadowys sticky and corrected them according to our documented proof presented by several posters on this board. Please sticky this post too . Haha .
And always keep asking why the fdic-r is still not released .