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Interesting; Dated 24th April.
Today is the 23ed.
The Judge edited the page count but it is not readable.
Ron
Do You Feel Like Dancing?
I do.
Globic is finally settled.
Ron
Thanks Real777.
We don’t need SPAM on the MB.
I would like to see more discussion regarding the Derivative Market Meltdown exposure of the “Big Banks.
The Big Banks LIBOR derivative contract writer’s needs to pay up.
Ron
Real777. I Shared This Post on COOP and FNMA.
If the CDS insurers paid for the ABS(MBS, RMBS, REITs, and other) losses as required by the derivative contracts.
Then WMI/WMB, Lehman’s, and F&F would all be completely solvent.
Few understand that the Credit Crisis of 2008 was that the derivative insurance contract writer’s couldn’t cover as an unregulated insurance company.
For the Mortgage market Securitized Trusts created by the likes of WMB, the banks exposure went to zero because the derivatives covered the losses.
The Derivative Market of 2008 was $83 Trillion of which JPM wrote 57% of the total contracts.
Housing; $13 Trillion (source: US Treasury).
Now most of the mortgages where in notes.
By example;
JPM’s posable exposure to the insured mortgage market loss of 10%;
$13,000B x 10% x 57% = $741 Billion.
JPM was already underwater.
TEIR 1 of only 3.5 according to JPM’s own 2008 10K. WMB was 7.8 from the same filing.
I mostly post the COOP MB.
Ron
CDS and F&F.
According to the FDIC WaMu/WMB Securitized Two Trillion in RMBS of which $500 Billion was sold to F&F.
Those RMBS were insured by CDS to cover the losses. Derivatives!
The insurance losses need to be recovered.
The CDS insurance will cover all of F&F outstanding claims.
Ron
Yes You Can Buy F&F on Schwab.
I did last month.
Ron
Please Read This Post Regarding CDS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174266097
This is significant for the entire ABS Market generators like WaMu, Lehman’s and F&F.
The CDS insurance contracts need to pay for the ABS losses.
Asset Backed Securities;
MBS.
RMBS.
Others (credit cards).
Ron
Please Read This Post Regarding CDS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174266097
This is significant for the entire ABS Market generators like WaMu, Lehman’s and F&F.
The CDS insurance contracts need to pay for the ABS losses.
Asset Backed Securities;
MBS.
RMBS.
Others (credit cards).
Ron
AI is Wrong.
We all know the February MOR of $20.78 Billion.
DOCUMENTED!!
Ron
Yes Plan 6 vs. Plan 7.
“THIS SUGGESTS THERE WERE TWO KIND OF LTIs ONE TYPE CLAIMS & ANOTHER TYPE EQUITY.”
AAOC Plan 6 LT came under the control of the Equity Community.
The EC carved out sufficient funds from the Plan 6 LT to pay the Creditors and presented Plan 7 to the Court, proving that equity would satisfy all creditors.
What lives in the Plan 6 LT?
• 363 Sales assets described in the Equity Community Presentation of which $20.78 Billion is known as the Retained Earnings.
• WMB receivership claim.
• WMIIC ABS assets.
• Other WMI assets;
1031 Exchange,
Citation,
H. S. Home Loan,
Exhibit H.
510(b).
Ron
…..
Tier 1 of 8.4 Before the Orchestrated ‘Run on the Bank’.
Tier 1 of 7.8 according to JPM own 2008 Annual Report regarding WMB, and JPM was only 3.5 according to the same filing.
WaMu saved JPM and the Government.
JPM’s derivative portfolio was underwater TRILLIONS!
Yes, TRILLIONS!
The Government couldn’t bailout JPM.
The Government needed real cash.
WMBfsb had $40 Billion on hand for WMB.
41.6, time to pay!
Ron
Did The Pregnancy Test Start Last Summer?
When F&F lifted above $.45?
I track the LIBOR Litigation also.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Something positive happened last summer with LIBOR/FHFA settlements.
Ron
We Are Due Updates on GSA Litigation.
Please see calendar in sticky post;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173560014
Ron
PROTECTIVE ORDER AND STIPULATION.
4018 04/17/2024
PROTECTIVE ORDER AND STIPULATION.regarding procedures to be followed that shall govern the handling of confidential material. So Ordered. (Signed by Judge Naomi Reice Buchwald on 4/17/2024)
Ron
4/16/2024PROPOSED PROTECTIVE ORDER. Document filed by FDIC, as receiver, Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation.
04/12/2024***NOTICE TO COURT REGARDING PROPOSED ORDER. Document No. (4013 in 1:11-md-02262-NRB, 884 in 1:11-cv-02613-NRB) Proposed Order was reviewed and approved as to form. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB (Text entry; no document attached.)
Ron
JD Needs to Cleanse His Soul of Evil.
JD, pay for WMB plus 41.6 for “Willful Misconduct”.
Too much evil only undermines the value of JPM stock and trust in the cabal’s fiat dollar.
JD, protect your petrol dollar and do the right thing to pay your debts ASAP.
Ron
The Fantastic Four are All Alined…
for a distribution event.
WaMu.
Lehman’s
FNMA.
FMCC.
WMB is already currently proven solvent and the FDIC has no justification to have a hold/lien on WMI property.
Release of the lien on the RE/DCR, along with JPM taking responsibility for WMB notes is a easy task to complete for the FDIC. LIBOR Litigation differential losses can be reimbursed later.
LIBOR litigation is more of an excuse than a resolution.
Too many attorneys making money from the Lehman’s litigation for no reason.
Other important HF wallets are not happy regarding the slow completion and payment schedule.
The F&F nationalization of a publicly traded company is constitutionally illegal.
5AT.
All four are pending a resolution event.
LIBOR Currency Manipulation is a criminal charge.
When multiple banks work together to manipulate the LIBOR interest rates, that’s RICO.
Many Wall Street ECO’s belong behind bars.
Ron
Poorly Worded Response.
Please reread my posts.
BK law is all about property rights and contracts.
The BK Judge can not arbitrarily reassigned assets to another Class.
Retained Earnings!!!!
Treasury Notes!!!
Class 19’s claims satisfied.
I’m right!!
Ron
LG , You Are Jumping to a Faulty Conclusion.
All based on out of control GREED.
No 75/25% to the END.
PROPERTY RIGHTS!!
I should not have the need to say more.
Ron
APR Was Removed to Bless Class 19.
Blessed with a bonus from the Retained Earnings/DCR of the February MOR.
Both Classes of 19 and 22 will be blessed at the same time from the RE/DCR because APR as removed.
75/25% from the Retained Earnings, and then it’s all about property rights.
Class 19 doesn’t get Class 22’s properly!
Now grow UP.
I own a lot Series R also.
Ron
And Bonds/Preferred's Holder’s Don’t Own…
The Debtor’s Estate.
To the MB in general;
It’s all about property rights.
The Common Share Holders own the Debtor’s estate.
BBob and LG please do the math!!!!!
Interest rate times time.
Fully satisfied! With a bonus!
~2.5X fully satisfied Class 19’s claims against the Debtor’s Estate.
Class 19 doesn’t get Class 22’s properly.
Very few people understand Retained Earnings from the February MOR that satisfies Class 19’s claims, 75/25% held in Treasury Notes.
The END.
DOCUMENTED!!!
The Series R are still attached to the Preferred Fundings assets, therefore both past and future Performance Payments.
I have proven the numbers and both Plans Trusts.
Plan 7 LT satisfied the Creditors.
Plan 6 LT holds the assets.
Yes I have,
Ron
Completely Wrong BB0b.
Alice had no right to offer a charge in Class to anyone!
The Underwriter were the underwriter for a Class 19 security.
Therefore the UW never had the reason to go to Class 22.
All fictitious stories made by Alice.
APR;
Removal of APR was do to the Retained Earnings of the February MOR which created a payment mechanism for payment to Class 19 and Class 22 before Class 19 was satisfied. The ~2.1X greatly satisfy the Class 19 past interest payments
And YES I HAVE READ THE DOCUMENTS!!!
5885,
Ron
No BBob, That’s 100% Fiction.
Alice made up the Class 22 offer to the Underwriter’s.
Alice had no right or standing to even make the offer. There was no structure for the UW to receive a Class 22 claim.
The goal was to force a renegotiation of the Plan. The Court, WMILT, and the UW were not going back to renegotiate the Plan. The WMILT paid for the UW’s expenses.
The Court, by hearing Alice has able to shut her down.
Class 19 redemption is in the Retained Earnings and in the accumulation of performance payments for the Series R.
Series R;
~2.5X + ~2.1X = ~4.6X.
Series K;
~2.5X.
TPS;
~2.5X.
75/25% stops at the Retained Earnings of the February MOR.
Class 19 doesn’t get Class 22’s properly!
Ron
F&F, WaMu, Lehman’s, Will Win.
Us equity holders are not the only ones awaiting resolution to the Credit Crisis of 2008 created by the Derivative Market Meltdown by the Big Banks.
I mainly post on COOP’s MB.
We are all in the same boat.
https://investorshub.advfn.com/Mr-Cooper-Group-Inc-COOP-11133
Ron
The Community Reinvestment Act…
required the banks to make loans to unqualified applicants.
Thanks JC and BO.
Banks like WaMu recognize the risk and helped create the ABS/RMBS market.
Now the Banks like WaMu loan risk portfolio is even lower because now the losses are covered by the insurance policies of the Derivative insurance contracts.
Therefore;
No losses to the loan holders (ABS/RMBS).
Ron
The Mortgage Trusts Were Securitized into Bonds…
and Bonds sold on the open market. The Bonds are then insured by Derivative Contracts to cover the losses as mandated by the Bonds prospectus.
Therefore; no losses to the Bond holders. The Derivative Contracts covered the losses.
F&F held all large percentage of the RMBS. Why not, there insured?
THE CREDIT CRISIS.
$13 Trillion in residential mortgages in 2008, of which most all was securitized into RMBS and insured by the Big Banks that was manipulating the LIBOR interest rates.
4001 04/03/2024
ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
OTC is code word for Derivatives.
She is NOT messing around!
Ron
Double Works For ME.
We released JPM for “Willful Misconduct” for a reason.
Ron
The OTC Defendant’s (JPM and Friends),
Need to settle and pay for their Derivative insurance obligation’s.
This settles WaMu, Lehman’s and F&F, a few others.
Settle’s the Final Valuation for WMB and it’s Assets for JPM to pay.
Plus 41.6 “Willful Misconduct”.
Ron
And The Court’s Response to the FDIC.
4001 04/03/2024
ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
OTC is code word for Derivatives.
She is NOT messing around!
Ron
It’s Because LIBOR Hasn’t Settled Yet.
XOME can’t be monetize when the valuation can’t be determined due to the interest rates manipulation by the big banks.
Ron
The Interesting Path of Chad Smith.
• WMI.
• WMI-LT.
• PALADIN.
• WOODWAY.
Woodway is a beautiful little community just south of Edmonds where Chad has his P.O. Box.
Woodway doesn’t have a Post Office.
What in the world could Chad be managing in Woodway for WMI Equity?
I have posted the list of WMI assets due to each equity class.
I know because I have listed the assets and their valuations.
The EC told us.
I have lived in Edmonds. Another beautiful community,
Ron
And What JPM Did Acquire.
JPM will be paying for.
“WMB and it’s assets”.
“Willful Misconduct”.
IMO, JPM has been making payments to the FDIC-C for WMB and it’s assets to keep the interest rate accumulation down.
The FDIC-C just hasn’t passed the numbers yet to the FDIC-R. The FDIC-R is still generating the final numbers due to the LIBOR litigation.
Resolution in process.
Ron
We All Release With a Form W-9.
W-8 for other international investors.
We released JPM for “Willful Misconduct” using a IRS filing document.
IRS not WMILT.
The IRS has our documented Release.
Our current broker is only the tracker for the “Willful Misconduct” released form W-9 submission we filed.
If you submitted your W-9, -8 then you are a holder of WMI claims.
Ron
No GSA With Open Litigation.
The DC Dual Track was settled late 2010 to early 2011 before the submittal of the first Plan 6.
WMI sued the FDIC for $307.2 Billion.
The DC Dual Track needed to be settled before a reorganization plan could be submitted/implemented.
The ruling for WMB and it’s Assets needed remedy.
RULED; Full book value as of the seizure date.
The DC Dual Track actually put equity in the money even though AAOC tried to hide the Sausage.
The EC shot down Plan 6 and took over the Plan 6 LT.
The Plan 7 LT was only for paying the Creditors.
DONE!
I know that AAOC hid in the Plan 6 LT.
They told us. All documented.
I have listed the list many times before.
Check my history.
Ron
Yes, WMI Sued the FDIC in DC For $307.2 Billion.
Yes full accounting!
Rosemary ruled in the Dual Track that JPM is to pay full book value for WMB and it’s assets as of the seizure date.
https://en.m.wikipedia.org/wiki/Rosemary_M._Collyer
The FDIC lost and JPM must pay.
LIBOR is just settling the final valuation.
I released JPM for 41.6 “Willful Misconduct”.
“Willful Misconduct” is the nice way of saying RICO!
Ron
Proof That the FDIC;
didn’t get the title to WMB with the Seizure of WMB.
That is a very significant fact regarding the case.
WMI sued the FDIC for $307.2 Billion for WMB and it’s Assets in District of Columbia Court (Rosemary). The Dual Track!
DB was in California not DC.
The FDIC wasn’t able to file against the big banks on our behalf regarding LIBOR manipulation until the FDIC possessed WMB’s title.
As conditioned in the GSA, The WMB title was abandoned about three days before the implementation of the Plan.
Ron
Plan 6 vs. Plan 7.
Paladin Acquisitions Corp, WOODWAY FIDUCIARY & ADVISORS LLC manage Plan 6 liquidation trust assets*, and WMI Liquidating Trust we know about is Plan 7 for Creditors. Paid in full!
*The great changes between Plan 6 vs. Plan 7;
Exhibit H and 510(b)
One DST with two different missions statements.
Ron