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I have email from FDIC stating that marker will stay until receivership is open.. so try again Jerry with something else..
Ron, not true, case was dismissed and judge ruled that only WMI can file RICO related charges. Please don't mislead folks.
BBANBOB.. your reply is the only plausible scenario.. other than that there is no Govt or other agency is ensuring rule of law is followed.
Why would FDIC maximize something that they seized illegally to begin with..? There is no one watching them.. judges and Govt official are all aligned and sold out.
who will bring RICO charges??
AZ, we can file a letter or motion in the court - website description statement consider a legal statement and they can get in trouble for this.
Major_Bank - lookup bench order and google it..!!
A day after tomorrow..!
She works for and with the US Govt. she will do her best to protect Govt. interest - this is similar to traffic citation, judge will almost always will backup the cop even those are minor fractions.. but in this case it is huge robbery that was committed at the behest of the US Govt..
Dmdmd - you made an interesting point, if there original investment was 7.5B then they must be anticipating minimum of that with their investment. You can calculate (reverse calculations) minimum return (7.5B) with their current investment and then use those numbers to calculate the entire minimum return. Furthermore, I am sure they are not just waiting for only $7.5B... just a thought..
It will be $0.75 soon, just $1 missing.. Any other wish - or don't wish or play Lotto for a while..!!
AZ, your information make sense, it is logical and has regulatory settings to it. Hope this ends soon. Thanks
AZ, can you share which Class Specific? Or is it generally implied Common?
I was talking about Rick Nagra not you..!!
This guy is probably sitting somewhere in India - his name suggest.
LP - I checked and all other 37 Banks Receivership is NOT terminated as of today. Not really know if that changes anything..
oldest seizure was July 11, 2008 (Indy)
It doesn't look that it is closed. There is no receivership termination summary.
Summary should look like this:
VIII. Receivership Termination
The FDIC as Receiver for First Community Bank of Southwest Florida, Fort Myers, FL has taken all actions necessary to terminate the Receivership Estate.
The Receiver published a legal notice of intent to terminate the receivership in the Federal Register on October 24, 2016.
The Receiver has made all dividend distributions required by law.
Effective February 1, 2017, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity.
LP - here is a list of 38 banks, basis of FDIC lawsuit. I guess if we can find out receivership status (i forgot the website where to find the status) for each bank then even if one receivership is closed then we will get the answer.
Amcore Bank
AmTrust Bank
BankUnited
California National Bank
Colonial Bank
Community Banks of Colorado
Corus Bank
Downey Savings and Loan Association
Eurobank
First Community Bank
First Federal Bank of California
First National Bank
First Regional Bank
Frontier Bank
Georgian Bank
Guaranty Bank
Hillcrest
Imperial Capital
IndyMac Bank
Integra Bank
Irwin Union Bank and Trust Company
La Jolla Bank
Lydian Private Bank
Midwest Bank and Trust Company
Orion Bank
Pacific National Bank
Park National Bank
PFF Bank & Trust
R-G Premier Bank of Puerto Rico
Riverside National Bank of Florida
San Diego National Bank
Silverton Bank
Superior Bank
TierOne Bank
United Commercial Bank
United Western Bank
Washington Mutual Bank
Westernbank Puerto Rico
BB yes agree with you, if FDIC had taken it away then it would have still gone to payoff someone - legally it was WMI property and she could have ruled against FDIC.. - now moving forward hopefully her decisions benefit original share holders.
BS - if she was God sent then why she ruled against $4 billion which didn't belong to the bank?
The Federal Deposit and Insurance Corporation has filed an up to $400 billion court case in London over the rigging of Libor those years ago.
https://www.forbes.com/sites/timworstall/2017/08/17/the-fdics-libor-rigging-case-is-a-serious-problem-heres-why/#4e35758e42da
AZ - well written and logical. Thanks
LG - how do you justify any asset accumulated until the date POR was approved? Original shareholders existed until then,so how does the law deal with any money accumulated until then and portion of it also belong to those folks?
yes agree, this is NOT even close to HLCE.. i wouldn't even tell anyone about it after 10 years.. it is embarrassing..!!
"the transaction should be completed as close to that date as is practicable."
nothing to prove to you... i saw what had happened during trial and then tuned out for most of the years, same story being repeated over the years. Some folks provide good info but no resolution.. see old Yahoo message board if you have access..
Wowalters - we are all here since that day and before - it has been 10 years.. there is no guarantee of future - it is what it is, fixed was in starting with the Corrupt dishonorable judge and then the lawyer representing WMI... she allowed to give away 4B WAMU deposits...
Our optimism about future is what causing all of us to close our eyes and ignorance to the past corrupt decisions taken by corrupt judge..
someone should ask the judge - where is F&R?? Just like people still asking Obama for their change.. lol.. Again - there is no question or doubt about Judge and lawyer's dishonesty. Future is a wishful thinking..
LG - hopefully they aren't just teasing us by delaying, if they read the board then they know that everything is scrutinized here and it rile up a lots of folks..
Newflow - not sure about your question - my original WAMU shares were converted into WMIH and only record currently - that is maintained in Ameritrade account. It still shows quantity of common, preferred, and dime shares..
Newflow - you are right, even FDIC stated that same thing that Markers will stay until receivership is open.. and see my other post which I got from KCC..
Fred, AZ did point out in the past to update home address with broker - is that what you are referring to?
RD - whatever you do - do it because that is your nature, not a motive, so you won't be affected by the consequences. An Indian saying:
A sadhu sitting on the edge of river trying to save a scorpion that somehow ended up in the water. Every time sadhu picks it up, it stings and sadhu drops him again due to the pain. This keeps happening and another person sitting at distance watching this episode says to the sadhu - if you know that this going to sting you then why are you keep picking it up? Sadhu says, saving its life is my nature, and stinging is its nature. I am performing my karam and it is performing its karam.
HM - I tried to ask the same question - however some of the stuff is posted here is out of this world, oh well, it is a free website some of the obvious facts are overlooked.. I think every argumented post shall be followed by a funny post so people can laugh while arguing. It would me more fun..! peace to you all including me..!!
Hotmeal - just curious - if you are more knowledgeable then that is very good. A good knowledge ONLY valuable if others want to obtain it. If you know more than these other folks then why argue everyday - why not just bask in the glory that you know more and enjoy quiet moments and make the best out of it. Why ARGUE daily - how does it e/affect (i always get confuse) the legal, beyond our control, process? Why are we even trying to convince others?? For what value. good.?
RD - I do see your point, coincidence are there but I don't believe it will be that easy, of course I would love to be wrong.
There is a GSO document available on the WWW, please read it and you will see how money suppose to flow - it defines the process.. estate goes to common from what I have seen..
RD - with due respect, which media outlet, or congress, or a judge made a decision or declared that WAMU was a debacle done by FDIC, and which branch of Govt, judge, or even media forcing or overseeing to close out this debacle?
I agreed that seizure was wrong but unfortunately it has already been covered up - wheels of court decision are in motion to cleanup what is remaining, and no one is pursuing anything else about it. And I have lost a lot of money in original WAMU.
"Remember my theory that each tax effects last fall were the actual payments to Treasury for our debacle!"
How does this relate to WAMU Bankruptcy, WMILT, FDIC, or FDICR or any other court order?
Admire your enthusiasm..
this is less than $0.05 - at which was WAMU common was trading around prior to Plan approval..
In case you haven't seen this:
WMI Liquidating Trust December 2017 Quarterly Summary Report -- UNAUDITED
http://www.kccllc.net/wamu/document/0812229180130000000000001