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The February MOR Satisfied Class 19’s Claims.
With a bonus.
The end of 75/25%.
The Court agreed during Plan 6 testimony that Class 22 owned the Debtor Estate, and carried over into Plan 7 as I have described.
That is conformation that Class 22 owns the Debtor’s Estate.
You haven’t done your reading!!!!
I, and many others in Class 22 will sue Class 19 for Unjust Rewards if 75/25% to the end is true.
Don’t worry. Won’t happen because 75/25% isn’t global to all assets.
75/25% stopped with the February MOR.
Please read the documents before posting again.
Correction; Series R, 4.6X,
Ron
Class 22, My Minimum Number.
25% of the February MOR now valued about $25 Billion.
~$5.14 pre share minimum. Using 1.215 billion released shares.
Class 22 owns the Debtor’s Estate;
• WMB claims against the FDIC.
• ABS/RMBS other than the Preferred Funding that belongs to Class 19(1).
• WMI Non-Debtor Subs.
• Other Assets.
1. Series R(P’s). As I have proven.
Add 2.1 to 2.5 equals 4.1 face. I didn’t track the K’s.
Ron
Plan 6 -> Plan 7;
The only major change was Exhibit H between the two plans.
510(b).
You need to read the documents.
The Equity Community was granted control of the Liquidating Trust created by AAOC in Plan 6. That means that the Plan 6 LT exists, and was carried through to Plan 7. Didn’t need to be discussed in Plan 7 because it had nothing to do with the Creditors other than Class 19 and some other set aside money for Creditors.
Hint;
• Equity Community Presentation equals the 363 Sales of both Plans.
• February MOR set aside 75% of $20.7 Billion in Treasury Notes for Class 19. Class 19 had a claim against Class 22(The Estate). Class 22 satisfied that Class 19 claim to the Courts satisfaction.
Class 22 owns the Debtor’s Estate.
That we call the Plan 7 LT was only required to satisfy Creditors as needed, and it did!
You really need to read the documents before you respond.
I have posted the links and PDF page numbers.
Ron
This Proves That You Didn’t Read The Documents.
The Equity Community was granted control of the Liquidating Trust created by AAOC in Plan 6 by the Court.
It’s all there for you to read.
The 363 Sales carried through from Plan 6 to Plan 7!
Ron
Did You Forget To Read the Documents First?
Read, then comment.
Different ideas are welcome after you did your homework.
Cite your homework from the documents.
Please use PDF page number.
Ron
Does Anyone Read Documents Anymore?
The Atlanta & Sierra settlement is significant because the FDIC didn’t really have a case against them regarding Mortgage Fraud. Small fine and Atlanta & Sierra is still in the WMI dividend path.
Reading Documents?
Plan 6 Liquidating Trust is now controlled by Class 22, as granted by the Court on December 7th, 2011.
I have already posted the links.
If you’re serious, you can find them.
Hint; PDF150(starts at 147), then 180’s.
If you haven’t read the documents you really don’t have the right to respond.
Ron
Did Atlantic & Sierra Counter Sue the FDIC?
The FDIC Sued Atlantic & Sierra for mortgage fraud.
Did Atlantic & Sierra counter sue the FDIC forcing a settlement? Then Wave there dividends and Proceeds from litigation against the FDIC in exchange for payment from the FDIC/JPM for WMB?
After ten years the FDIC can be sued.
IMO, The wording here in Atlantic & Sierra settlements suggests something more.
If I was Atlantic & Sierra I would have brought forth the December 14, 2009 Discovery Document.
The FDIC quickly caved as did JPM in 2009!
Ron
SECTION III: Waiver of Dividends and Proceeds from Litigation
Waiver of Dividends and Proceeds from Litigation.
Sierra is paying the FDIC $950K.
Payment Due December 15,2022.
Done.
IMO, Sierra’s Waiver of Dividends and Proceeds from Litigation has nothing to do with the WMI Shares Sierra owned which is not based on any litigation.
Sierra still has a Receivership claim just like us if they where owners of WMI.
FDIC and Sierra both know that the FDIC/JPM will pay WMI for WMB.
Ron
First, Dividend Distributions.
Then Receivership closure.
“The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.”
Nothing keeps Dividend Distributions from happening at anytime.
Like Mad sad; nine more out of the way.
Ron
All the WMB Notes Are Mature.
No trading, just distributions.
The Euro sub for the Covered Notes is still operating.
~$26 Billion in securitized assets covering a ~$13 Billion obligation.
Why wouldn’t it?
Ron
Your Post;
“Just seems odd, that if any were getting dividends/interest, the PPS would 'usually' react to that.”
PPS?
Bonds PPS?
No you where talking about COOP PPS.
I too, like you want to see money.
Ron
COOP Will Receive No More WMI Property.
COOP is independent of anymore WMI assets.
Let me put it as a question to you; what more WMI assets are coming to COOP?
COOP is a sub.
Ron
Correct Boarddork.
All payments to the Claimants of the Bank from the assets liquidation takes place before the Receivership is closed.
This is exactly what the FDIC says as ND9 has linked.
The FDIC closes the books, then closes the Receivership.
Ron
Newflow, Excellent Post!
Excellent Topic.
Very precise language by the Court/EC/LT regarding ‘LTI’s’.
Please keep digging.
P6 LT.
510(b).
Preferred Funding.
:)
Beneficiary,
Ron
Thanks Back To You Bill.
I’m not here to post for the fun of it.
I have other things to do with my life.
I’m confident about the money numbers, but can’t do anything about the time regarding payment.
Ron
Twisted Wording.
• I never said anything about;
“30 bill set aside FOR PREFERRED”.
• Please Post Link.
• DS.
• You’re Lazy.
• Go Find It Yourself.
• If I Post The Link, As I Have Many Times. You Don’t/Won’t Read It, as You Have Already Proven By Your Requests.
• I’m Not Your Dog. Go Fetch Your Own Newspaper!!
If You Are Truly Intellectually...
Never mind.
All part of my posting history on BP.
Maybe Newflow will find the DS documents for you. either Plan 6, or 7.
Sincerely,
Ron
True Statement Regarding The Plan 7 LT.
Plan 7 LT is all about paying the Creditors.
DONE.
The assets were hidden in the Plan 6 LT by AAOC. Now owned by Class 22.
•363 Sales -> Retained Earnings.
•WMB Receivership Claims, 510(b).
•WMI Non-Debtor Subs.
•WMI/WMB ABS Certs holdings. 15% minimum.
•Others.
75/25% ended with Retained Earnings.
Preferred Funding goes to Class 19 Preferred’s.
One DST of DCRs with two clauses.
Plan 7 for Creditors. Includes Class 19.
Plan 6 for the owners of the WMI Estate, Class 22.
Ron
February MOR, Dated February 29, 2012.
Plan implemented March 19, 2012.
Ron
I Have Posted The Links Countless Times.
Plan 6, 7 DS 363 Sales list the same assets as the Equity Community lists the their Presentation/Transcript on December 7, 2011.
The Equity Community was granted control the the Liquidating Trust created by AAOC in Plan 6 during the same Hearing.
Retained Earnings is not a way accountants describe losses!
RE is money set aside for future dividends.
February MOR explains the Retained Earnings claims; Class 19: $7.5 Billion.
Remainder: Class 22.
Another 19 days before 75/25% kicks in.
I find it sad/funny that Alice can claim an arbitrary unnamed source for 2.5X and everyone believes it.
I post the direct source and no one believes me!
Ron
Ask CES, Not Me.
I’m waiting too.
If I had the answer I would tell you.
Ron
No, That’s Not True.
Class 19’s claim is secured in the Treasury Notes as specified and agreed to by the Court.
The Court granted the Equity Community control of the Plan 6 LT.
The Equity Community (Class 22) created the Retained Earnings pool held in Treasuries.
75/25% as agreed to in Plan 7.
Class 19’s Payment is secured to the satisfaction of the Court.
Class 19 is more than fully secured. ~2.5X above their claims.
Ron
No Class is Currently Impaired.
Class 16; DONE.
Class 17; The WMB Notes are JPM ‘s responsibility. CFCH.
Class 18; DONE.
Class 19; 75% of $20.7 Billion in Retained Earnings held in Treasury Notes now worth ~$25 Billion
No remaining claims against the Estate!
Class 22; All the REMAINING ASSETS and VALUE/CASH.
The commons owns the WMI Estate!
Ron
Yes That is What I Said.
Please reread!
Let Have Some Fun!
The Parent, WMI -> BK -> to WMI Holdings Corp (WMI-WA).
2015
WMI Holdings Corp creates WMIH Corp (WMI-DEL).
WMI Holdings Corp (WMI-WA) is no longer the Registrant, because WMIH Corp (WMI-DEL) became the Registrant for the trading WMIH Shares.
WMI Holdings Corp (WMI-WA) went private to protect old commons equity as owners of the Estate.
WMIIC’s AMS/MBS/RMBS went to COOP in 2018 with the Eclipse the the waving of many magical Wands.
WMI Holdings Corp (WMI-WA) remains in Washington so that WMIHC can receive payment from the FDIC for WMB from the Washington State Lost and Found.
YES.
All well documented if you have been reading the documents.
DST-Plan 6-7LT.
Plan 7 satisfied the Creditors, DONE.
AAOC Plan 6 tried to hid the assets from Equity Community.
See PFD 150.
More if I want too,
Ron
Wrong Again BB0b.
AG; Totally a waste of time and money for both parties. JPM liked it.
Can AG’s ‘source’ identify the SOURCE for the 2.5X for Class 19 she and her ‘source’ claims.
I read AZ’s posted link.
Please take the time to read.
2.5X, I have the answer!
The end of 75/25%,
Ron
Anyone Declaring NOL’s for the RE/DCR?
Why not?
The WMI-LT advised us to because the Retained Earnings Payment has not been paid yet.
Net Operating Loss!
“Treasury Regulation 1.468B-9(c)(6)”.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171514696
:)
Ron
With All Your Great DD.
You tell us when we get paid?!
Please finally post a worthwhile link to support your response.
Please tell us more about the Derivative Market.
The farm pictures are nice.
Ron
How Do I/We Declare An NOL?
The WMI-LT instructed from the FAQ to declare a NOL Tax attribute.
Ron
Bureau of International Settlements.
BIS is the Parent of DTC/DTCC.
$632 Trillion in notable derivatives; Contracts!
Even for twelve countries, this is unsustainable leveraged capital.
Derivatives are Naked Contracts and are unregulated.
Compound fictitious fiat money.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171485544
BTY; your link doesn’t work.
Ron
Excellent Point.
An Un-W-9!!!
Didn’t happen. Impossible to happen!
Yes the JPM Casino still needs to make the payout..
What about my NOL’s because JPM hasn’t paid?
Ron
But You Also Received WMIH Valued at $1.00.
The Reorganization to tradable WMIH shares is separate from your NOL from non-distributions of withheld assets regarding the mysterious LT.
Yes there is a Plan 6 LT. Operating as a DST, I won’t know because the EC/LT didn’t tell me directly.
Hint; PDF 150.
Yes, an incalculable numbers.
I’m sure the RE/DCR numbers as a NOL would cover all tax liabilities for years.
IRS, please tax me after I receive my money.
Ron
Something to Consider.
From the revised FAQ by the LT.
“Treasury Regulation 1.468B-9(c)(6) provides that upon the termination of a Disputed Ownership Fund, the claimants to the fund’s net assets succeed to the funds unused net operating loss carryforwards.
This regulation also provides that “if the fund's net assets are distributable to more than one claimant, the unused net operating loss carryover. . . must be allocated among the claimants in proportion to the value of the assets distributable to each claimant from the fund.”
Pursuant to the Plan, the DCR was created and elected to be treated as a “Disputed Ownership Fund” pursuant to Treasury Regulation 1.468B-9(c)(2). On the basis of the foregoing, a beneficiary’s share of the unused net operating loss of the DCR is set forth in the Beneficiary Tax Reporting Letter
distributed by the Trust for the year ended December 31, 2020
. This amount was calculated by allocating the unused net operating loss of the DCR among the final claimants based on each claimant’s portion of the final cash distribution that was initiated in January 2020.”
We have all suffered a NOL, Net Operating Loss from Withheld distributions.
We have no reference valuation...
->? RE/DCR of $20.7 Billion 74/25%?
Try to explain that to your tax guy; Elephant in the Headlights.
My Operating Cash is being withheld from me. For now the operating cash is a loss.
Tax me when I receive my money.
Ron
JPM Caused The Bankruptcy of Lehman’s.
The Derivative Market was Crashing in early September 2008.
Nothing against you T, but I hate to read this reporting crap!
Funds/money was being pulled from banks to cover derivatives losses to the parties ‘in the money’.
JPM owned 57% of the $83 Billion in Derivative notables. JPM was running out of money fast!
Lehman’s had an ongoing agreement with JPM to loan Lehman’s $17 Billion for the night so Lehman’s could close their books “mark to market”.
On September 14th, JPM didn’t have any money to loan Lehman’s, Lehmans couldn’t close the books and filed for BK on the next day.
BS was “in the money” regarding their derivatives contracts ownership, and JPM would be a major payer to BS. JPM withheld payment which collapsed BS due to cash flow.
JPM still needed more money;
Then WaMu!
The Unregulated Derivative Market Is the Problem.
Currently; $632 Trillion!!!
That is a lot of ‘money’ as a tool to manipulate stocks/bonds/ markets/economies/Governments.
You name it....
? Money Laundering??
Ron
If The FDIC/JPM Paid Up.
NewWaMu could easily be a great stabilization for the banking system.
The FDIC/JPM owes us Big!
Ron
The Derivative OTC Notional Value is $632 Trillion.
The Three Stogies video explained it all very well. All the (TBTF) Big Banks owe $20 bucks to each other but only have $10 bucks to payback the same $10 bucks twice by trying to ‘insure’ the others losses that they are competing with.
Someone is stuck with holding the Hot Insurance obligation Potato. Just like JPM/Bear Sterns. BS was ‘in the money’ on the Derivative Payment front. JPM withheld payment to clasps BS and buy cheap.
Please review the JPM SEC filing and review the 424B/FWP filings I linked.
In 2008, JPM owned 57% of $83 Trillion in OTC Derivative notables.
How much now?
Ron
Only CES is able to Impede Retained Earnings Payment.
RE has nothing to do with the FDIC or LIBOR.
Free and Clear.
Original Retained Earnings of $20.7 Billion are held in Treasury Notes. Now worth ~+$25 Billion.
75/25% Plan 7.
See Hearing December 7, 2011.
I have posted both needed documents many times.
Hint; PDF 150.
Talk to CES, not DL.
Ron
As Always, I Only Received Emotional Responses.
Five responses and no one read my document links. No surprise!
No one addressed the Derivative market coming meltdown.
Derivatives: Compound Fiat fake money!
Now old BIS data because it doesn’t incorporate the current Banking meltdown!
What economy can support these numbers?
OTC derivatives statistics at end-June 2022;
“Key takeaways
The notional value of outstanding over-the-counter (OTC) derivatives rose to $632 trillion at end-June 2022, up from $598 trillion at end-2021. This marks a continuation of the moderate upward trend evident since end-2016.”
Keep reading;
https://www.bis.org/publ/otc_hy2211.htm
https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme
Ron
JPM and The Government Have Not Learned the Lesson.
Derivatives are naked ‘options’ Contracts. The writer doesn’t own the base access like a stock.
The current real function of derivatives is to manipulate the markets using second tier fiat money. More fictional money out of thin air.
In 2008 the Derivative market was about $83 Trillion.
That is it now?
What is the WEF’s goal?
Ron
JPM Has Not Learned Their Lesson.
JPM is still writing Derivative Contracts.
(424Bx) and FWP
Example 1;
https://jpmorganchaseco.gcs-web.com/node/532181/html
https://jpmorganchaseco.gcs-web.com/
Example 2;
Have a look at the FWP filings.
https://jpmorganchaseco.gcs-web.com/node/531596/html
JPM is Again writing more insurance policies than JPM can cover.
Is JPM going to have to cover other banks/Exchanges losses?
Ron
Public Information Report (PIR) for Paladin.
https://opencorporates.com/filings/1139274525
Do you have an account to access the PIR?
TIA,
Ron