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Still No Answer.
Proven By a Question.
How is the TPS of Class 19 getting paid?
as I said;
Checkmate!!!
Ron
The GSA was created before Plan 6.
The GSA is part of the approved Plan just like the Plan 6 LT.
LG; your argument failed.
As did your argument Pick.
Agreements agreed to in the BK process live on through the process.
Checkmate again!!!
Ron
Class 19 Is The Responsibly of WMI.
Not JPM or any other party.
Checkmate
Ron
During The Plan 6 Hearings!
The Equity Community requested control of the Plan 6 LT. That request was granted by the Court.
Yes AAOC created a Plan 6 LT to hold the FDIC Receivership Claims for WMB and more from Classes 19-22.
• $43 Billion in non-accounted assets of WMI.
• Safe Harbor Assets
• Assets of the 363-365 Sales which became the RE split 75/25%. The end of 75/25%.
BK is all about Contract Law and Property Rights.
You don’t get other peoples property!
Yes the EC killed Plan 6, but the EC took control of the created AAOC LT of Plan 6.
The Assets are in the Plan 6 LT.
The GSA was created before Plan 6. The GSA is part of the approved Plan just like the Plan 6 LT.
LG; your argument failed.
Ron
Proven By a Question.
How is the TPS of Class 19 getting paid?
There is only one source for payment that the Court could agree to.
The money needed to be presented to the Court as sufficient to satisfy Class 19’s claims before Class 22 could be part of the Plan.
The Equity Community Presentation proved to the Court that $25 Billion was available from the 363 Sales, Plan 6 arguments.
Yes the EC took control of the Plan 6 LT as requested. DOCUMENTED.
The funds were placed into Treasury Notes.
Because the money was safe to satisfy Class 19’s claims, APR was removed so Class 22 could participate in the NewCo shares distribution.
The DCR/RE of the February MOR have nothing to do with the Plan7 Litigation Trust.
The February MOR is all about paying the Creditors of Plan 7, except page 10. The Table showing the Retained Earnings that never became listed in the Plan 7 LT column (far right-side column).
The Table on Page 10 is the only place in the document that mentions the RE because the RE doesn’t have anything to do with the Creditors of Plan 7.
Just standard accounting methods.
As I have said, EC took control of the Plan 6 LT as requested!
I know why no one wants to answer the question.
Checkmate.
Please read my past messages;
https://investorshub.advfn.com/boards/profile.aspx?user=631267
Ron
Correct BTS; It’s All About the IRS W-9.
A Tax document.
No W-9, No Distributions from anyone.
Ron
Interesting Post by the Snake.
LIBOR.
“v. Bank of America Corp. et al.,” from;
Please see 4101 and 4102;
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
‘et al’ means all of the other Defenses in the FDIC case which includes JPM.
Defendant’s are listed alphabetically.
DCR/RE of currently $25-$27 Billion, 75/25%
I understand the February MOR Retained Earnings.
Again;
How is the TPS Class 19 claim being paid?
I have proven the discussion.
Ron
Raggi65, Same Question!
How is the TPS Class 19 claim being paid?
Ron
Unaccounted For Assets.
There are $43 Billion in unaccounted for Assets of WMI.
Now probably worth much more.
$375-299-33= $43 Billion
Yes WMIH-1 subs are functioning.
WMI Citation.
H. S. Home Loan.
…
DST?
Chad and Doreen managed investment funds?
IMO;
The FDIC has a Lien on all of the assets until the WMB Receivership is closed.
Ron
Only The Debtor WMI Can Satisfy Class 19.
Class 22 cannot become a beneficiary of the Estate without proving to the Court that Class 22 has satisfied Class 19’s claims.
Class 22 did with the February MOR Retained Earnings of $20.78 Billion. Now worth ~$25-$27 Billion.
75/25%.
Class 19 consists of Series R, Series K, and the TPS. All members of the Class must be satisfied in the same way.
>>>AZ’s faulty statement regarding my post;
“~ "Class 19' IS NOT' An Obligation of the WMI Holding Company's 2012' Reorganization" ~”
????
That is not what I said!!!!
>WMI the Debtor< not WMIH!!!??
Double check my posts.
I have asked the question;
How are the TPS getting paid?
No response from anyone.
All Class 19 must be paid in full.
The Equity Community did better than that.
I have posted my numbers.
AZ;
I have challenged you, or anyone for an answer.
How are the TPS getting paid?
Same for the rest of the Class 19.
Is Class 19 going to be paid?
Skunked? Not paid?
Can’t be.!!
Where is the money coming from to satisfy Class 19’s claim?
A MB is about debating the topics and answering questions.
Ron
But WMIH-1 Suffered the Losses.
Therefore WMIH-1 gets the NOLS from the assets I listed.
NationStar investors don’t get our property.
Ron
Class 19 Is A Obligation Of WMI BK.
No other outside source can satisfy that obligation to Class 19.
No; not even JPM!!!
The answer has been presented.
Ron
This Math Doesn’t Work.
WMIH-1(the Former) created WMIH-2(the Latter) to merger/acquisition with NationStar.
WMIH-1 went silent/Private to not commingle WMI legacy assets with NationStar investors. Not NationStar property!
Trading symbol; WMIH then changed to COOP with a 1/12 split.
The Assets are not with COOP.
The Assets were placed in Trusts in Plan 6 to move the assets off the books by AAOC.
But the Equity Community Presentation proved the assets value of $25 Billion, and was granted control of the Litigation Trust/s for the equity classes. All on the Property!
Plan 7 was only for paying Creditors.
COOP has no part in these protected assets.
All WMIH-1.
• Retained Earnings from the February MOR of $25-$27 currently split 75/25% between class 19 and 22.
• The FDIC Receivership Claims for WMB and it’s Assets against JPM.
• Roughly $43 Billion in unaccounted for Assets held by WMI.
• More(other assets).
These other NOL’s you referenced would belong to WMIH-1. Largely to Class 22.
Please show us your reasoning.
TIA.
*********
For Bonus Points;
How are the TPS of Class 19 going to be paid?
No one has even attempted to answer the question.
The TPS payment method is the answer to the question.
Ron
Too Much Fiction!
There is no $50 for 60 days requirement.
That wording was for the PIERs.
There is no obligation for COOP to return to the original WMIH share count.
Owns special stock that only he owns.
Owns the special SEC document decoder ring that no one else has.
….
Your Not Stable.
Please check into a Medical Clinic.
I’m doing well.
Your not!
I don’t want to go to… your issue.
Stop with the the knowing about all the secreted documents that only you can decipher.
But you never tell us what you have deciphered.
Please tell us who is XXXX straight out.
I have answered the question.
Please see my posts.
I don’t talk riddles.
Erroneous AZ,The TPS Lives in Class 19.
Just like the P’s and K’s and will be paid the same way.
I have explained that method.
You haven’t!!
Again;
?? How is the TPS GETTING PAID??
Now please explain how Class 19 is satisfied.
Ron
The TPS Lives in Class 19.
Just like the P’s and K’s and will be paid the same way.
Class 19 is an obligation of WMI BK.
JPM can’t satisfy with a Preferred offering.
I have explained that method.
Again;
?? How is the TPS GETTING PAID??
Ron
Only WMI Can Satisfy Class 19 Claims.
No out side source can satisfy the Class 19 claims against the WMI Estate.
More later, I’m cooking dinner.
How Does TPS get Paid?
You have not answered the question!
Yes Class 20 (P’s & K’s)was moved into Class 19 with the TPS.
I have already explained how.
Ron
Explain How The TPS Gets Paid.
You are mis quoting the documents again.
The TPS is in Class 19.
You didn’t answer the question.
TPS Is Class 19. So Class 19 Isn’t Being Paid?
Your documents referenced don’t work.
Please try again.
I have proven how all Class 19 and Class 22 are to be paid from the February MOR Retained Earnings.
75/25%.
Thanks for proving me right about the Performance Payment for Series R.
Ron
So How Is TPS Going To Be Paid?
You didn’t answer the question!
Your response was incoherent.
Please try again…
How Is The TPS Claim Getting Paid?
$4 Billion Class 19 claim no longer backed up by a Trust because of the Exchange Event.
Nine 9!
The $4 Billion was paid back to WMI, but not to the TPS holders of Class 19.
How was TPS claim considered satisfied to allow APR removal and Class 22 to participate in the Plan?
That ruling cannot be based upon speculation on future share price, or other peoples stuff.
75/25% only pertains to the assets placed on top of the table that WMI presented to the Court which became the 363 Sale.
$33-$8=$25.
I have listed the assets of the 363 Sales many times.
I have answered the question. Please see the reply to message.
What’s your answer?
??…..AZ…….???
Ron
The CT’s are Trust backed.
Trusts are not owned by the Parent, but offered by the parent or a sub of the Parent.
The Trusts don’t have a back obligation to the Parent.
It’s your money.
Just awaiting LIBOR Litigation resolution for the interest rates adjustments to cover the Derivative Market Meltdown claims.
The Series P of Lehman’s Performance Payment is the same as the Series R of WMI.
Backed by Trust Assets of the trust not the corporation.
Not a BK control assets.
LIBOR Litigation of CDS.
Ron
P’s are Non-Accumulating, Perpetual.
The interest payments are non-accumulating after BK.
But The Performance Payments are Perpetual for the life of the Trusts.
Some of the holdings in the Trusts are Commercial leases and long lived.
My math accounts for 2.2X face in Performance Payments for Series R (the P’s) based on Linear Interpretation of very good data points.
The Performance Payment is not associated with the February MOR Retained Earnings.
I don’t know about the Series K Preferred’s Performance Payments.
TPS of Class 19 went through the Exchange Event and are not associated with any trusts.
IMO;
Series K and TPS are only recipients of the February MOR Retained Earnings of 2.5X-2.7X face that satisfies their face plus past interest losses with a bonus.
Series R holders are to receive both the Performance Payment and the Retained Earnings.
The FDIC/JPM exaggerated dual claim of $27B was for the $25B on the BK table of WMI assets. ($33-$8=$25).
The FDIC/JPM ‘claim’ became the 363-365 Sales of the GSA.
These same assets of the 363 Sales are the same assets listed in the Equity Committees Presentation just before the Equity Committee took control over the Plan 6 Litigation Trusts. The 363 Sales assets became the RE.
…more protected assets outside of the BK…
The Debtor only has to display sufficient funds to cover all creditors.
Ron
That Is Why WMIH (the Former) Went Private.
Eclipsed!
WMIH (the Latter) became COOP/NationStar.
Class 22 owns WMIH (the Former);
• $43 Billion in unaccounted for assets.
• FDIC claim for WMB and it’s Assets.
• Other Assets.
Class 19’s claims are satisfied with the Retained Earnings of ~$27 Billion, 75/25%.
That is why APR was removed. That is why Class 22 was able to participate in the reorganization process and receive NewCo shares.
How else can the TPS claim be satisfied without the February MOR Retained Earnings?
No one has answered the question!
The TPS are no longer backed up by any Trusts.
Hence; The Exchange Event.
Ron
AZ, Thanks For Proving Me Right Again!
Yes the Series R Preferred Funding is still operating.
That is the Performance Payment that I have posted about for years.
2.2X Face value currently.
No more interest payments of $76 a year as of BK filing.
I showed you my Linear Interpolation calculation years ago.
Yes, you didn’t understand the math!
Not my fault!
How are the Trust Preferred Securities (TPS) going to be paid?
You don’t have an answer do you!
I have already explained that how all Class 19 claims are satisfied.
COOP is powerless to acquire WMIH (the Former) assets.
Looking forward to seeing your response.
Ron
If JD wants to be Treasury Secretary.
JD needs to finalize the LIBOR derivative litigation and close the Receivership of WMB.
ASAP.
JD is the primary released JPM official for ‘Willful Misconduct’ in 41.6.
Future JPM executives are not released.
COOP PPS can’t satisfy the outstanding claim of Class 19.
Class 19 isn’t satisfied yet.
Hint;
The February MOR of $20.78 Billion.
Now held in Treasury Notes.
$27 Billion satisfied Class 19’s claims.
Documented in the Transcripts.
Ron
CHECKMATE.
I asked the question twice. Now thrice! No response to either post regarding a very valid statement.
——*
What About the TPS?
There is no payment mechanism for the TPS without the Retained Earnings of the February MOR of $20.78 Billion.
Now ~$27 Billion held in Treasury Notes.
The TPS original Class 19 claim was $4 Billion and no longer backed by any trusts due to the Exchange Event.
All Class 19’s claim’s must be settled in the same way. How is the TPS Class 19 claim being settled without the 75/25% of the February MOR?
COOP share price needs to surpass $600 a share for Class 19 to see one face value. Furthermore the BK Court could never allow that claim as being satisfied based upon speculation on a future share price. Now reverse split 1/12.
Reorganized;
All WMI contract obligations have been fulfilled.
Absolutely no $50 strike price for 60 days.
That language is referencing the PIER’s Class 16 history.
This has nothing to do with COOP.
Subs(COOP) don’t buy Parents(The Former).
COOP isn’t buying $43 Billion in WMI assets for $3 Billion from 36 million shares!!!?!?
.58x??
.058x??
CRAZY!!
Please try again!
Ron
100 Percent Correct, BTS.
The LIBOR Derivatives (CDS) needs to be resolved to pay for the ABS(RMBS) losses as required by the derivative contracts.
The Derivatives were not paying banks like WMB for the loan losses. WMB made the’Put-backs’ of new loans into the ABS Trusts as required. The Big Banks wrote too many derivative contracts that they could cover, and the big banks ran out of money.
THE CREDIT CRISIS OF 2008.
The FDIC sued the big banks to recover the derivative losses not paid on the ‘failed banks’ behalf.
As we all know; WMB never failed!
JPM needed real cash fast.
Very few people understand the Derivative Market Meltdown of 2008.
A Naked Market.
Ron
Sorry John. But Not Quite Right.
WMI knows what they owned!
WMI sued the FDIC for $307.2 Billion, $7.9-$8 Billion came back to WMI from the Exchange Event and the Turnover.
That is where the FDIC’s $299 Billion came from.
Please don’t subtract $40 Billion, or the Bank Deposits for WMB and it’s Assets!
WMI $375 Billion.
$375-$299(WMB)-$32= $44 Billion unaccounted for assets.
Yes, non-banking assets.
Now the Deposits of the Bank are the Definition of a Bank.
No there was never a full run-on-the-bank for all of the deposits that would constitute subtracting your number.
Only the run of $16 Billion that was all covered with cash from WMBfsb.
The deposit base was transferred to JPM. JPM needs to pay for the deposit base because that is the definition of the Bank.
Hence; no cost to the FDIC!
I agree with the FDIC.
-> $299 Billion for WMB and it’s Assets <-.
And the FDIC agrees with me!
Ron
AZ Cannot Do Numbers.
No math skills.
Can’t even do four function math.
+-*/
You are asking the wrong person for numbers.
His response is your answer.
Ron
The February MOR/RE Settled Class 19’s Claim.
And with a bonus!
75/25% ends with the Retained Earnings. Now worth ~$27 Billion, or 2.7X preferred face value held in Treasury Notes.
That is how the TPS claim of $4 Billion is settled. There is no other mechanism to satisfy the TPS Claim.
Remember that the 70/30% changed from negotiations with the TPS to 75/25%.
The Equity Community Presentation proved $25 Billion on the table to settle all outstanding claims against the estate of Class 22.
APR wasn’t needed anymore because Class 19 has a reserve in place to pay their claims with a bonus!!!
APR removal also means that Class 22 could participate in the issuing of the new WMIH shares before Class 19 claim was satisfied.
As I have said many times before, the 363 Sales Assets are the same Assets in the Equity Community Presentation.
75/25% stops at the RE of 2.7X.
TPS gets $10.8 Billion.
Ron
CHECKMATE.
I asked the question twice. No response to either post regarding a very valid statement.
——*
What About the TPS?
There is no payment mechanism for the TPS without the Retained Earnings of the February MOR of $20.78 Billion.
Now ~$27 Billion held in Treasury Notes.
The TPS original Class 19 claim was $4 Billion and no longer backed by any trusts due to the Exchange Event.
All Class 19’s claim’s must be settled in the same way. How is the TPS Class 19 claim being settled without the 75/25% of the February MOR?
Please try!
AZ, maybe XXXXX is paying for the TPS Claim….????!!!!
Ron
What About the TPS?
There is no payment mechanism for the TPS without the Retained Earnings of the February MOR of $20.78 Billion.
Now ~$27 Billion held in Treasury Notes.
The TPS original Class 19 claim was $4 Billion and no longer backed by any trusts due to the Exchange Event.
All Class 19’s claim’s must be settled in the same way. How is the TPS Class 19 claim being settled without the 75/25% of the February MOR?
Ron
AZ, Your Process Doesn’t Work!
There is no payment mechanism for the TPS without the Retained Earnings of the February MOR of $20.78 Billion.
Now ~$27 Billion held in Treasury Notes.
The TPS original Class 19 claim was $4 Billion and no longer backed by any trusts due to the Exchange Event.
AZ,
All Class 19’s claim’s must be settled in the same way. How is the TPS Class 19 claim being settled without the 75/25% of the February MOR?
Ron
No, I Fully Don’t Believe It’s Expectable.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174883710
The FDIC can’t do a shares for valuation transactions.
Only cash.
Ron
I Only Track the Numbers.
The FDIC’s numbers;
$299 Billion for WMB and it’s Assets.
Court records;
1.215 Billion UQ shares Released.
$246 per share, minimum.
The straight number, doesn’t account for back interest or a 41.6 “Willful Misconduct” payment.
Yes the numbers are big because WaMu was/is big.
I have explained the February MOR Retained Earnings many times showing how the Equity Community Presentation proved that Class 19 is satisfied with a bonus.
Yes I have!!!
Others peoples math difficulties are not my problem.
I just do the numbers supported by the court documents.
Ron
How Can There Be a LEGITIMATE Derivative Market?
If the counter party doesn’t pay up?
CDS Credit Market freeze 2.0 coming if the recipients of the 2008 losses are are not made whole!
Why/would I invested in a investment that doesn’t meet their obligations?
A dead market!
Ron
Cash for UQ for WMB and it’s Assets.
I don’t believe that the FDIC can receive/except a JPM stock payment for WMB and it’s Assets to WMI legacy commons.
I don’t see the need for new Preferred shares because the payment structure is already in place.
TPS is all cash because of the Exchange Event.
The February MOR Retained Earnings of $20.78 Billion, now worth about $27 Billion, or 2.7X Preferred Face held in Treasury Notes distributed 75/25%.
The End of 75/25%.
The Equity Community Presentation proved to the Court that Class 22 would satisfy Class 19’s claims with a bonus.
363/365 Sales of more than $25 Billion.
Ron