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Study the Dates. Plan 6 LT Is Making More Sense.
2010 even is before Plan 6.
Plan 7 Pre-reorganization.
??
Another sub of pre WMI Holdings Corp?
The filings are always correct.
What corporate entity is being discussed?
Many names for the almost the same sausage.
WMIH referenced as two or three different corporate corporations profiles.
The owners of the property still owns the property.
Is AJ going to manage our Denke oil/gas reserves?
Ron
Is A. J. Hurt Jr. Inc. Public or Private?
TIA.
Ron
The Plan 6 Liquidation Trust Is Significant.
Shame more of you can’t understand what happened.
Yes, P-6-LT was created by AAOC and later control was transferred to the Equity Community as requested before Plan 7 litigation.
Yea Yea, I have heard your poor argument that Plan 6 was never approved. The LT had already been created before any need for a Plan approval.
The FDIC receivership claims lives in this Trust/DCR/DST created by AAOC in Plan 6.
The Plan 7 LT is only for the Creditors.
Paid. DONE.
AAOC wasn’t friendly with JPM.
Proof; The Discovery Document.
RICO! The leverage AAOC used to force JPM to concede during Plan 6 litigation.
Hence; 41.6 for “Willful Misconduct”.
I win again.
Ron
And Where Did COOP Come From?
For extra credit;
COOP is a subsidiary of who?
Goooo WaMu!!!!!
I have already explained the answer.
XXXX is no longer the Registrant.
Ron
Thanks Split T for Your Research.
As I understand it, we have an active DST, but no active LT. The Plan 7 LT we know about was for paying the Creditors. DONE.
Please remember that AAOC created the first LT in Plan 6 to hide the assets from us.
But we still have the active DST.
Plan 6 DST for equity?!?
I say yes!
The Equity Community took control of the Plan 6 DST LT as requested.
Documented!
One DST with two mission statements.
Creditors and Equity.
Ron
Incredibly Significant Post.
Bear Stearns was a major holder of derivative insured ABS/RMBS for their investors. Great investment income from these bonds.
Same for Lehman’s, AIG, F&F.
WaMu held cash reserves between the two banks.
Investment banks like BS, Lehman’s, and AIG keep little in reserve because the market was mark to market to maximize returns for investors and the bonds were insured.
For JPM as a derivative writer as the mortgage market rose it was all free money and promoting the expansion of the mortgage market. More free money.
JPM, 57% of a $13 Trillion RMBS market.
Then the market starts to change to the downside and JPM is very exposed to the derivative contracts written. Now JPM and other Derivative exposed banks start manipulation of the LIBOR interest rates to control their losses.
JPM slow paid on the derivative contracts and forcing the ‘in the money’ counter parties into bankruptcy due to the lack of payments.
JPM was broke.
Ron
Because Stuart Landerfield in the first First Filing Said So.
BK-28.
Stew said that no one can see the assets of WMIIC other than himself, the Judge, and WMI Counsel/WGM/Rosen. Basically a Direct statement in the first document!
Even The WMI BOD was bared from viewing the assets of WMIIC. Therefore Nelson was also bared from discussion regarding WMIIC and it’s assets.
Possible simple numbers;
WaMu securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.
The securitizer is required to hold a minimum of 15% of their offerings.
$1500 Billion x .15(15%) = $225 Billion minimum.
The losses are covered by the derivative contracts.
Hence: LIBOR.
WMIIC is a sub of WMI not a sub of WMB. The BK filing is the proof.
Please remember that investments are liabilities until liquidation.
WaMu is the FDIC’s way of being ambitious as to WMI/WMB.
Ron
41.6 “Willful Misconduct”
is very significant in this context.
The government authorities had no legal authority to seize WaMu assets.
The Discovery Document proved Project West as an civil RICO action.
LIBOR is criminal RICO and requires a jail term.
The FDIC has to enforce the full book value for payment WMB and it’s assets from JPM or the FDIC must pay for WMB and it’s Assets.
JD needs to settle fast.
IMO, 2X for WMB and it’s Assets. Plus past interest at around 2% basted on THJMW. Which is semi compound.
Ron
Please see my updated post.
Sorry but I have seen so much BS . Yes I over reacted.
I’m sure that you understand.
My apologies.
Ron
I reread your post. EOM
LIBOR Currency Manipulation. The FDIC/FHFA is Suing
the big Banks on WMB’s and others behalf.
Can JPM be indemnified for damages to WMI/WMB when JPM was actively manipulating LIBOR rates through currency manipulation undermining the ABS/RMBS profits of WMI/WMB?
Criminal RICO.
41.6 “Willful Misconduct” is civil RICO.
Ron
For a Corporation, Investments are a Liability.
The money invested is at risk and can go to zero.
What is JPM’s current Tier I rating?
What about $1.4 Trillion in assets?
Does JPM need to be seized and all of their property and assets given to WMI stakeholders?
I win!
Ron
JPM Requested the Release for “Willful Misconduct”,
By the stakeholders of WMI as part of the GSA/Plan Settlement.
The Discovery Document proved JPM’s guilt as did also the “Willful Misconduct” Release request.
“Willful Misconduct” never needed a ruling from the Bench. The parties agreed to the settlement. “Willful Misconduct” settlements typically carry a monetary penalty.
2X would be reasonable.
No payment, No Release!
Tolling Agreements. Attorney Client Privilege.
We will never see the agreements.
Ron
41.6 “Willful Misconduct! EOM.
Proof that You Haven't Be Keeping Up.
No I won’t waste my time educating you.
You can go back through my history and see for yourself.
Have a nice day.
Go Fish…
Ron
Fifth Amendment Taking.
That case was heard in DC. WMI sued the FDIC for $307.2 Billion as a 5AT. The FDIC didn’t have the authority to seize a Holding Company’s property. The OTS and WMI had a Memorandum of Understanding that the two banks, WMB and WMBfsb would shore each other up as needed. That is what was happening before the illegal seizure. 5AT.
JPM became an Intervener and the Judge ruled that JPM is to pay full book value for WMB and it’s Assets as of the seizure date.
Tolling Agreements.
Tolling Agreements are not public.
Ron
All Solved in The GSA.
The DC Dual Track is incorporated into the GSA and the Plan.
41.6 is our JPM executives release for “Willful Misconduct”, code word for civil RICO.
A multiple is to be paid for a “Willful Misconduct” release. Settled by the Equity Community. The FDIC is tabulating the final valuation for JPM to pay. LIBOR is part of the final tabulation for WMB and it’s Assets and WMI/WMB’s losses.
Ron
Just Because JPM “Found it”,
Doesn’t mean WMI/WMB ever lost it.
Furthermore, now that JPM “found it” JPM gets to pay for it.
Our proof;
• 41.6 is not settled with a payment for WMI’s assets. WMB is an asset of WMI.
• The FDIC receivership of WMB is not closed!!
• DC Court ruled against JPM as an intervener in the case where WMI sued the FDIC. “Full book value for WMB and it’s assets”. WMI sued for $307.2 Billion.
IMO, I’m expecting the FDIC to start making ‘dividend distribution payments’.
Reason; LIBOR Litigation Settlements.
Orchestrated Currency manipulation is Criminal RICO. Mandatory jail time.
Expecting a surprise,
Ron
Because The Market Doesn’t Fully Know.
COOP vs, The Original WMIH.
Some assets go to COOP.
Much more Assets stay safe with the released WMI shareholders.
RE satisfied Class 19’s claims and very generously.
Why would Class 19 complain about 2.5X return?
I have Series R at +~4.6X return.
Very few people understand the performance payments.
Nice to see COOP moving. Must be the same reason for WMIH, Lehman’s, and F&F which are all in LIBOR litigation resolution.
Ron
Like the Rock of Gibraltar.
41.6 isn’t moving.
Ron
Correct, WMB Has Not Been Paid For.
41.6 release for “Willful Misconduct” isn’t satisfied until the payment for WMB clears.
No payment no release. Just that simple!
The $1.9 Billion was just admission fees. Documented by the FDIC.
$299 Billion for WMB and it’s assets.
Litigated in DC and FDIC/JPM lost in the Dual Track.
Add in time and interest and a great big penalty for a criminal RICO and criminal LIBOR Currency Manipulation.
Only RE is 75/25%,
Ron
I Haven’t Seen a Document,
or Presentation posted to Make Me Change my view.
• 75/25% is limited to the Retained Earnings held in Treasury Notes now worth ~$25 Billion.
• Focus on Property Rights!
BK law is all about Property Rights and Contracts.
• You don’t get other peoples stuff.
Class 22 has no right to Series R Preferred Funding performance accumulation distributions. Not Class 22’s properly!
The same is true, Class 19 has no right to Class 22’s property because Class 22 has proven to the Court that Class 19’s claim is satisfied with the Retained Earnings.
75/25% ruling can not be based on future speculation on WMIH/COOP stock price, or the speculation of future litigation settlements.
• The money needed to be secured by Class 22 in a safe place to satisfy Class 19’s claims and Class 22 did!
COOP PPS needs to exceed $600 for Series R to see one face.
The money was set aside in Treasury Notes as stated by BR, that became designated as Retained Earnings in the February MOR.
Yes I have done my homework,
Ron
PS
WMB is another topic to be addressed.
The numbers haven’t changed. Now add time and interest.
All True Public Statements by The FDIC.
Currently…
The WMB Covered Notes will pay for themselves due to $26 Billion in assets backing $13 Billion in obligations. Now currently tied up in the LIBOR litigation.
We win,
Ron
AAOC Created The Liquidation Trust.
$6-$6.5 Billion in Capital Contribution.
$5 Billion in Rabbi Trusts.
…
$32-$8 = $24
Later came the $4 Billion in the Exchange Event, and $3.9 Billion in the Turn-over.
These funds are now available in the Retained Earnings of the February MOR.
Ron
The WMB Notes are Covered Securities.
The Asset backing for the WMB Notes is ~$26 Billion to cover a ~$14 Billion claim.
The valuation of these assets is still pending due to the LIBOR Litigation.
The FDIC will start dividend payments before the Receivership closure.
The WMB Notes are JPM’s responsibility. And JPM needs to pay full book value for the WMB Notes backing assets over and above the notes obligation.
So yes equity can receive payment before the WMB Notes.
Not our problem!!
Ron
No IHUB PM to Respond.
Yes I’m receiving PM,s.
I first started posting on Yahoo a long time ago.
Does IHUB still have Happy Hour on Friday after market closes?
Ron
Yes BlackRock Will Be Paid.
Just like all the rest of us.
I believe that BlackRock and friends are expecting near term payments from the FDIC as LIBOR litigation settles in favor of WMB and the other seizure banks, or institutions in concervships regarding derivative contracts CDS/CMO and the like.
Ron
The system won’t let me in.
Doesn’t recognize my login associated with a email address to send me a method to login.
I don’t have IHUB PM to respond.
I go back all the way back to the Yahoo days.
Series K is Just Like The TPS.
All cash from the Retained Earnings now worth ~+$25 Billion, or ~+2.5X face value which is greater than what Series K and TPS expected accumulation of interest.
STOP COMPLAINING!!
North of 2.5X FACE and you didn’t pay $25 for your Series K’s!!!
The TPS went through the Exchange Event and became a totally cash obligation to WMI.
Series K are a classical Preferred shares debt offering.
The Series R are similar to the WMB Covered Bond Notes that are both backed by their ABS revenue producing assets.
Hence; COVERED,
Again, Both Series R and the WMB Notes are still attached to the ABS revenue producing stream.
As ABS the Series R and the WMB Notes losses are to be reimbursed by the LIBOR litigation.
Series K is very dependent upon LIBOR interest rates as well and will be compensated for their losses.
Ok, add some more.
LIBOR Litigation is the Derivative Market Meltdown Exposure the Big Banks Don’t Want.
Currency Manipulation which is illegal.
The Derivatives cover the ABS losses!
The Insurance Contracts.
LIBOR Litigation closes the Books on the Derivatives pay back to the FDIC seizured Banks.
Ron
The 2008 Derivative Market Meltdown is Our Bonus.
The FDIC is suing the Big Banks on our behalf for LIBOR Currency manipulation.
That is a criminal charge with large penalties.
Yes the derivative market is very complex.
The basic principle is all based on Options.
But all these options are naked.
The insurer doesn’t own the base assets.
The WMI/WMB ABS/ RMBS are insured and protected.
All losses are to be reimbursed.
The Common shareholders own the Estate.
I know the basic area where you live.
I’m 53 miles South.
I love Deception Pass.
We live in a very Beautiful Country.
Thanks for the pictures,
Ron
WMI/WMB Securitized $2 Trillion in RMBS.
As stated by the FDIC.
Those Bonds are insured by Derivative Contracts as required by their prospectus.
Yes the LIBOR Currency Manipulation litigation which will settle both the difference in interest rates for the ABS/RMBS owed to us, but also the derivative contracts payments back to us with penalties in both cases.
So, YES The Derivative Market Meltdown of 2008 is VERY IMPORTANT TO YOU AND ME.
All WMI/WMB ABS/RMBS losses are to be reimbursed with back interest and penalties.
Ron
Profit from Derivatives from JPM Investments ..
$632 Trillion in Derivative Notables last summer.
I posted the link. No one responded.
Five times the GDP of the total Plant.
JPM is shielding/hiding the Derivative Market success in JPMC and not exposing JPM Investment as the source. Easy to make money for derivatives because the DOW is flat to some what increasing. Little risk.
JPMC or JPM Investments Corp?
The Derivative Market is exposed to the downside of the market as a ‘insurance policy’
Insurance companies make money when no one has an accident for the insurance company to pay.
JPM is making money from a flat or rising market.
If things change…
Things Change!!
Ron
The Retained Earnings Proved to the Count.
The Retained Earnings of $20.78 Billion protected in Plan 6, then placed into a DCR in Plan7 by the Equity Community to be distributed 75/25% satisfied Class 19’s claims against the WMI Estate.
Plus; all back interest is paid even though it wasn’t needed because the interest rate wasn’t accumulating.
Plus a performance payment.
Therefore, Class 22 owns the Estate property, and the WMB receivership claim with the FDIC for WMB and it’s Assets.
More than Fair and Reasonable!
Ron
I Don’t Believe that the FDIC Can Accept Stock.
Stock isn’t money as a method of payment. Whole or partial for WMB and it’s Assets.
A stock’s valuation is speculative.
The FDIC is being paid by JPM, then the FDIC pays the WMI Estate owner's. The FDIC has no right telling us the value of JPM stock.
A dollar is a dollar!
No JPM shares.
Ron
41.6 “Willful Misconduct” is the Proof.
Therefore the W-9 for the cash payment for WMB and it’s Assets.
JPM’s admission of guilt to civil RICO allegation settled in the GSA.
LIBOR generates the final valuation for WMB and it’s assets.
Five sources of revenue just for signing the W-9 form.
LIBOR is criminal Currency Manipulation and Fraud.
Jail and massive penalties.
Must settle before discovery documents are filed.
Few understand the Derivative Market Meltdown of 2008.
Ron
No Release, No Reward.
If you signed and submitted the IRS W-9 form, then you are a recipient.
I have listed the five sources for distributions.
For JPM, No Payment, No Release.
We released JPM in ‘good faith’ in 41.6 for “Willful Misconduct” pending upon payment for WMB and it’s assets.
JPM needs to close out the GSA and Receivership with the payment.
Ron
LIBOR Will Settle the Derivative Market Meltdown of 2008.
This is a multi-facetted.
• LIBOR interest rates dominated the RMBS as mortgage loans interest rates.
• LIBOR interest rates also governed the majority of the derivatives contracts covering the ABS Market of which the RMBS are a subset.
The Derivative Market in 2008 was ~$83 Trillion, with JPM libel for 57% of that market.
Remember that the FDIC is suing the Big Banks on our behalf.
WaMu was by far the biggest bank in receivership. Then I believe was IndyMac at about 1/10th of WaMu.
Plus WaMu was solvent as the books and the TPS Exchange Event proves.
Yes the Examiner agrees with Me.
• 41.6 “Willful Misconduct” is JPM’s admission of guilt of RICO regarding WMB.
• LIBOR Discovery is going forward.
• LIBOR “upstream issues” regarding Currency manipulation coming soon. A criminal charge for the Big Banks.
IMO,
The FDIC has a lien against the Retained Earnings of north of $25 Billion 75/25% distribution. Satisfies Class 19 with a great big bonus. Covers all passed interest payment losses.
That lien is the only reason I have for why we haven’t seen this RE money.
• ~2.2X for Series R besides the RE. ~4.7X in total.
LIBOR settles the Final Bill for WMB and it’s assets for JPM to pay!
LIBOR is adjustments/corrections to interest rates and penalties for Currency Manipulation.
I’m not expecting big numbers from LIBOR as a interest rate adjustment, but the resolution is very important.
Then the FDIC can start dividend payments to the WMI Estate and close the Receivership.
Ron
The Last Needed Valuation of WMB is LIBOR.
WMI/WMB securitized $2 Trillion in RMBS according to the FDIC that is all based on LIBOR interest rates.
LIBOR resolution is the last needed valuation of WMB for the FDIC to bill JPM for the Final Payment for WMB and it’s assets to WMI common shareholders.
Both Mary and Rosemary ruled correctly.
The Bottom Line.
WMB was solvent.
The $4 Billion of the TPS Exchange Event proved that WMB should have not been Seized!
Yes the Examiner agrees with me!!
Both the TPS Exchange Event and the Turnover Litigation returned to WMI. $7.9 Billion that paid the bills.
The Equity Classes rule and will be paid.
Ron
No, That $4 Billion Came Back.
Both the TPS Exchange Event of $4 Billion and the Turn Over Event of $3.9 Billion was returned back to WMI
All well documented
JPM and the FDIC lost.
Ron
Correct! Bankruptcy Protection.
Friday morning WMI/WMB would be protected.
SB referenced that there is a leak regarding the banks seizure and therefore seized on Thursday night before WMI could file for Bankruptcy Protection.
Remember the letter sent to SB and others regarding the FDIC plans on the 24th? Seizing WMB as a solvent institution would be unprecedented.
$10 Billion was scheduled to be on the 30th.
WMB-fsb had WMB covered.
WMB-fsb had $40 Billion in cash on hand to support WMB.
The FDIC had no legal authority to order the OTC to place WMB into receivership because the Parent, WMI is a Holding Company rather than a Bank Holding Company.
Big Difference!!
WMI Corporate Structure;
Two Banks that had the obligation to cover the other.
And that is what WMB-fsb was doing.
JPM and the FDIC lost!
Ron
JPM Settled With the First Discovery Document Filing.
Trials have too much exposure to criminal activities and jail time, or a “Willful Misconduct” (RICO) ruling for Treble damages for Currency Manipulation.
Yes the WMB Notes are LIBOR interest rate dependent.
Same for the Series K.
Same for the Derivative Market that insured the ABS market.
The FDIC is suing the Big Banks for Currency Manipulation that reduced the LIBOR interest rates and reduced the profit of the other Banks that were seized.
Ron