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I Basically Agree on the LIBOR Issue.
ABS; ASSETS BACKED SECURITIES, the general term for RMBS, Credit Cards, and the like....
Many/most ABS are LIBOR interest rates dependent.
JPM and the other large banks like BofA manipulated the LIBOR interest rates down using currency fraud to reduce Derivative Insurance payment rates covering the ABS.
Please remember that the FDIC sued/is suing the Big Banks for Currency manipulation on WMB’s behalf.
SS; “a matter of ‘Rule of Law’”
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
No need for Escrow shares, or new Preferred shares because we signed form W-9.
The IRS is now on our side. Well sort of.
Bop hyperboles too much.
Ron
COOP $50 PPS Has Nothing to do With WMI History.
Please stop the $50. PPS BS for a WMI Event.
The document being referenced in the $50 PPS discussion was discussing the PIER’s maturity strike price, and a means to advance the maturity date of the PIER, Series H.
If the Series H, the PIER’s remains above the $50 maturity level for the required time, the Series H would mature early.
That’s it, end of discussion.
DONE.
Remember the 12/1 reverse split?
The WMI/WMIH PPS is a long way from $50.
Face it, it doesn’t make sense.
I read the document.
Prove me wrong!
Have fun,
I’m Right.
Ron
41.6 Has Nothing to Do With Class Impairments.
My W-9 release is all about having a FDIC claim for WMB assets, and WMI assets.
The term ‘impaired’ doesn’t apply to commons, voting rights.
Commons got more than wet.
Impaired???
41.6 is all about Project West, “Willful Misconduct” release of JPM ‘s BOD for civil RICO.
The Civil RICO “Willful Misconduct” release is still pending because the payment hasn’t been paid yet.
JPM’s executives are still exposed to litigation and criminal liability/penalties.
NO PAYMENT, NO RELEASE!!
Try Again!
5885, fn-2.
5AT.
Ron
The Community Reinvestment Act Forced the Banks Hand.
The CRA Litigation was in the late 1990’s(1998ish).
The CRA required the banks to make loans to those who did not meet the requirements.
To protect the WMI Enterprise. WMI/WMB moved the Mortgage Portfolio off the books and onto Trusts.
RMBS/ABS was sold into the market place and Insured by CDS/CMO from the Derivative Market.
Much of that market was LIBOR based.
Resolution is currently being resolved.
Ron
Tolling Agreements Supersede SOL.
Ron
WMIH is the Purchaser.
The Guarantor.
COOP is only a Sub operating as the Registrant.
There is/was two different WMIH;
Inc vs. Corp.
Tricky game being played.
The other XXXX is CFCH for the WMB Notes
Ron
“Willful Misconduct”
GSA Settled.
Plan Approved.
Documented.
41.6
Don’t like 2X?
We are upping the ante to 2.5X
Don’t forget about past interest payments.
Ron
Educate the JPM Investor.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172408669
Ron
JPM Investors Have Been Denied Large Dividend Distributions.
All those SEC fine payments could have become dividend payments but went to pay fines to cover up a cheap Mafia crimes.
How much have you lost?
From another poster;
I prompted:
"JP Morgan Chase has a long history of paying claims as defendant in financial illegalities. Give me 20 chronologically."
ChatGPT
"As an AI language model, I don't have real-time data, and my knowledge is up-to-date only until September 2021. Up until that time, JP Morgan Chase has faced various legal challenges and controversies related to financial illegalities. However, please note that the list provided below is not exhaustive and may not cover every single case or event in chronological order. Here are 20 examples of legal challenges and settlements involving JP Morgan Chase:
2002: JP Morgan Chase settles with regulators over conflicts of interest in its research practices during the dot-com bubble.
2003: The bank pays a $80 million settlement to the SEC for its role in Enron's accounting fraud.
2005: JP Morgan Chase pays $2.2 billion to settle charges of aiding and abetting WorldCom's accounting fraud.
2009: The bank settles with the SEC for $75 million over allegations of improper handling of auction-rate securities.
2011: JP Morgan Chase agrees to pay $153.6 million to settle charges of misleading investors in a mortgage security transaction.
2012: The bank faces scrutiny and criticism for its $6.2 billion trading loss related to the "London Whale" incident.
2013: JP Morgan Chase pays $13 billion to settle claims related to the sale of faulty mortgage-backed securities.
2013: The bank faces a fine of $920 million in relation to the "London Whale" trading debacle.
2014: JP Morgan Chase pays $1.7 billion to victims of Bernie Madoff's Ponzi scheme for its failure to report suspicious activities.
2015: The bank settles for $550 million over charges of manipulating foreign exchange markets.
2016: JP Morgan Chase agrees to a $264 million settlement to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA).
2017: The bank faces a $53 million fine for improperly handling ADRs (American Depositary Receipts).
2018: JP Morgan Chase agrees to pay $65 million to settle claims of benchmark manipulation.
2019: The bank faces a lawsuit over allegations of charging customers excessive fees for cryptocurrency purchases.
2020: JP Morgan Chase pays a $920 million fine to resolve investigations into market manipulation in precious metals and U.S. Treasuries markets.
2020: The bank faces a class-action lawsuit over allegations of charging higher interest rates to customers of color.
2020: JP Morgan Chase agrees to pay $250 million for weak internal controls in its wealth management business.
2021: The bank faces allegations of discriminatory lending practices and settles for $22.5 million.
2021: JP Morgan Chase agrees to pay $920 million to resolve investigations into its role in the fraudulent sale of mortgage-backed securities.
2021: The bank faces regulatory scrutiny over its handling of customers' investments during the GameStop stock trading frenzy." ChatGPT
Vodka, I Appreciate The Honestly Response.
Yes us believers are optimistic. The historical numbers are there.
Yes, WMI sued the FDIC for WMB and it’s assets of $307 Billion.
JPM made payments back to the Debtor.
The Turnover of ~$3.9 Billion.
The Exchange Event of $4 Billion.
Then the FDIC update of $299 Billion for WMB and it’s assets.
The numbers work.
RICO;
We released JPM executives in good faith principle with 41.6 “Willful Misconduct” through the GSA as approved with the Plan as The Dual Track was passed back to the BK Court.
No Payment, No Release!
JPM’s BOD is still exposed to Criminal RICO. A premium factor is normally required for settlement. Figure 2X.
Jail Time+ monetary fines!!
Now back interest due as guaranteed by the FDIC;
Yes I’m using the ~$300 Billion numbers.
Using Federal Judgement Rate of 1.95%
$300*.0195=$5.85 Billion each year!
For 15 years; $87.75 Billion
Becoming Very Painful for JPM!!!!
Do you know see why I am so positive about the outcome?
JPM Lost!
Ron
Ruled; JPM Will Pay For ALL!
All the Assets on the books of WMB!
WMI sued the FDIC for $307 Billion for WMB and it’s assets.
Ofter some assets were paid for.
Current number based on the FDIC is $299 Billion.
Ron
JPM LOST!
Lex; You Haven’t Been Reading.
The “$299 Billion for WMB and it’s assets” is from a FDIC document which aligns with the DC Dual Track Filing of $307 Billion as I stated.
Please tell me about 41.6 ?
We released JPM for “Willful Misconduct”.
Civil RICO.
Can be settled with a multiple valuation fine.
JPM Settled with the presentation of the Discovery Document.
Ron
Vodka; I’m Confident You Don’t Understand RICO.
JPM lost in DC Court.
Documented;
WMI sued the FDIC for $307 Billion. Settlements transpired and money came back to the Debtor Estate.
Current FDIC numbers; $299 Billion for WMB and it’s assets.
Using Federal Judgement Rate.
What is the past interest due?
I don’t care about your opinion.
I want to see your math skills.
Ron
$54.54, Really! Fifty-Four.fifty-four!
Armor Car 54 where are you?
Today’s close $54.54.
Yesterday’s close $54.00.
Ron
Fascinating; $54.00 Close!
!! Nice and clean conversion factor!!
How often do you close on an even dollar?
Is there a reason??
Ron
The Dual Track. JPM Lost!
The Dual Track was a RICO charge against JPM.
Please see the Discovery Document,
The Dual Track RICO charge was settled in the Global Settlement Agreement and the Equity classes released JPM in good faith in 41.6.
Even at old FJR of 1.95%!!
The interest payment alone is painful and increasing.
How Hedge Funds operate;
“US Virgin Islands Wants JPMorgan Chase To Pay 290 Million for Its Association With Jeffrey Epstein – New Emails Surface About Former Top Executive Jes Staley’s ‘Profound’ Friendship With Convicted Sex Offender”
Pay up JD!
Your next!!
Ron
Rule of Law.
Have a better answer?
Your turn.
Ron
WMB Stock Abandonment!
Even though the FDIC seizures the Bank in September 2008.
The FDIC didn’t have the Title to WMB until the Debtor abandons the Title over to the FDIC. Therefore the FDIC didn’t possess the Bank until 2012.
Tolling Agreement negate Statute of Limitations.
Ron
And Who Created the Trusts Instructions?
WMI, The Trusts creator institution created the Trusts instructions for the Trusts Trustees.
The Trusts are governed by their instructions.
Ron
Please Let’s Look Again at the $50 PPS Strike Price.
Yes I have read the document.
The $50 PPS is for the PIER’s PPS, Not WMI. Furthermore old WMI is $50/12, not $50PPS of COOP.
The PIER’s became mature if the PPS remained $50+ for the stated time.
True; it didn’t happen to reach $50, only about $35 of Face value.
The PIER’s claims are satisfied in full do to the Insider Trading Court ruling/settlement with the Equity Community.
The Trusts proceeds belongs to the Debtor WMI.
Ron
Plus BBob/Flow.
Could the WMB Notes actually be a Controlled ForeignCorp by WMI?
You got homework.
(7).
Ron
BBob/Flow; I Disagree!
The WMB Notes became JPM responsibly with the Receivership of WMB, then officially when WMI abandoned the Stock of WMB to the FDIC.
The WMB Notes are European Covered Bonds backup by assets, now mature.
Did JPM decide to not ‘purchase’ the Notes?
Remember that the Notes are/were asset backed (covered). An expense to JPM.
Like many/most Notes/Bonds/ABS back during the Credit Crisis where LIBOR interest rate dependent.
Many JPM personal have been convicted of currency manipulation related to LIBOR interest rates.
THE DERIVATIVE MARKET.
Plus; (Death count is ~22)
The Equity Community Presentation of $20.7 Billion as Retained Earnings has nothing to do with the FDIC.
WMI has other assets that are not under the control of the FDIC.
I have zero understanding of why these assets and money hasn’t become distributions to equity holders.
WMB Distributions from the FDIC comes before the Receivership closure.
Ron
Newflow, Please Reference The PDF Page Number.
Large documents can be made of multiple sub documents, therefore multiple ‘page 4’s’.
Please elaborate on the significance of the document.
Did you get this searching a WaMu related topic?
Is this the significant information we need to read?
“4
The harm caused by the doctrine is very real, given the billions of dollars that flow through today’s Article I bankruptcy system. The magnitude of the abuse made possible by the doctrine is amply illustrated here, where erroneous rulings of the Bankruptcy Court have been permitted to stand because they were shielded from appellate review. Legal error that can be remedied has instead been allowed to stand, depriving Petitioner and the holders of more than $1 billion of unsecured notes it represents of the rights the Bankruptcy Code provides them.
In 2015, Windstream split itself in two in a sale- leaseback transaction that gave rise to the existence of Uniti, a real estate investment trust that took ownership of Windstream’s real estate assets and leased them back to Windstream at a rental rate that enabled Uniti to raise billions of dollars of its own new debt. See App’x B at 10a. This transaction, which breached the contracts governing Windstream’s unsecured notes and left it insolvent, was not immune from suit. Nevertheless, the public debt markets provided Uniti with financing and its stock became publicly traded. Investors assessed and took the risk that the transaction could be upset in subsequent litigation.
U.S. Bank, trustee for Windstream’s unsecured noteholders, brought an action in the District Court, alleging that the transaction breached the noteholders’ contract. App’x B at 11a. On February 15, 2019, the District Court ruled in U.S. Bank’s favor. See U.S. Bank Nat’l Ass’n v. Windstream Servs., LLC, No. 17-Cv-7857, 2019 U.S. Dist. LEXIS 26129, at *5 (S.D.N.Y. Feb. 15, 2019). But before the District Court issued judgment,”
Ron
AZ’s Statement Is Very True.
"the WMB Bonds continue to be', and are currently being serviced and managed by a sub of (XXXX) ... “
Just because you don’t understand it doesn’t make it not true.
The WMB Notes is a EU offerings through a sub of the Parent.
Hint; not SEC.
Remember JPM’s $1.4 Trillion EU Bonds offerings.
Same story!
I posted the link on BP.
Yes I did.
Does JPM report for the EU Bonds liabilities on their books?
NO!!!!
LG, BB, Myself, and many others are also expecting due to the many sources of revenue of WMI.
IMO;
AZ is more on target than most.
My money is on AZ rather than RB.
Goodie;
Please explain the Retained Earnings.
Ron
Why Would BARD Have This Kind of Details?
...awaiting regulatory approval...?
We know about Paladin is made up of former WMI personal.
Yes, keep watching The WAND to make sure our assets don’t disappear.
WMI Holdings Corp is still the Story.
Created in1973 before WaMu went public.?!
Corp vs. Inc.
Yes that’s the shell game.
Ron
Thanks For The Invite.
• The 2.5% was part of Plan 7 and has already taken place long before COOP.
NSM/COOP have no part of WMI/WMB legacy assets.
• I haven’t expected WMI Preferred restated by COOP for a long time now.
Accumulation and future dividend can just be placed into my accounts. No need to COOP to be burdened. Unassociated.
• ?WMIC (Washington Mutual Investment Corp)? WMI Holdings Corp?
Me, I still say that WMIHC went private with the waving of many magic WANDs.
My W-9 and JPM Release is not entangled with COOP.
• And as I have said before; We have only released JPM in good faith. The Release comes with payment!
• The Equity Community requested, and was later granted by the Court to take control of the Liquidating Trust created by AAOC in Plan 6. DOCUMENTED AND PROVEN!
The Equity Community set aside $20.7 Billion in the Retained Earnings to satisfy Class 19’s claims against Class 22 with Plan 7.
Class 22 proved to the Court that Class 19 claim would be generously guaranteed through Treasury Notes.
The end of 75/25%.
Plan 7 was approved!
I’m sure that I missed a few details.
This should keep you and others busy.
And about all those CDS Derivatives Insurance policies WMI/WMB, Lehman’s, F&F has in place written by JPM/BofA?
Your comments welcome.
Ron
WMI Paid The UW Legal Expenses.
“And of yeah, the UWs always send teams of lawyers to meaningless hearings where there is no money involved.”
Free money for the UW attorneys.
Class 19 is entitled to 75% of the Retained Earnings.
The February MOR Proves it.
There is absolutely no discussion of the Retained Earnings in the body of the February MOR. The Plan 7 LT for Creditors.
That indeed answers the question!
Proven!
The Plan 7 LT was only for the Creditors.
AAOC Plan 6 is where the true assets are.
I have posted the proof and list of assets for beneficiaries.
Nothing has changed.
Ron
Is The AAOC Plan 6 Trust a DST?
Plan 7 Trust is/ maybe a DST.
We don’t know what the structure is for the AAOC Plan 6 Trust because they didn’t have to tell us.
Very simple,
Ron
LG; COOP Isn’t Your Answer.
COOP needs to pass $600 PPS for your P’s to see one face value. !Only with hyperinflation!!
Furthermore, the Court would never allow a speculative resolution to a Class 19 claim.
AAOC Plan 6 Trust then became the Retained Earnings of $20.7 Billion. Documented and Proven. -> now ~$2.5+ Billion.
AAOC Plan 6 Trust was part of the plan as informing the Court that the trust would satisfy the Creditors. And then some!!
The Equity Community intercepted the pass.
Yes DOCUMENTED and PROVEN,
Ron
?? Aren’t All the WMB Notes Mature?
Ron
Now Consider That JPM and BofA Were The Largest CDS Writers.
And also the major currencies manipulators of the LIBOR interest rates to minimize CDS payments.
Like all Insurance companies; it’s all free money until the storm hits.
1999-2006...2007?...2008?
The CERTS of the ABS/RMBS and other securitized assets were insured by the trustees as required by the associated Prospectus.
The Major Players now constrained by a Stipulation to perform by government agencies.
Ron
In re: Libor-Based Financial Instruments Antitrust Litigation.
“3689
06/22/2023
STIPULATION AND ORDER OF DISMISSAL WITH PREJUDICE OF BANK OF AMERICA CORPORATION AND BANK OF AMERICA, N.A. PURSUANT TO F.R.C.P. 41(a)(1)(A)(ii): IT IS HEREBY STIPULATED AND AGREED between Plaintiff in the above-captioned action and Defendants Bank of America Corporation and Bank of America, N.A. (together, "Bank of America"), that all of Plaintiffs claims against Bank of America only are hereby dismissed with prejudice from the action Federal National Mortgage Association v. Barclays Bank PLC, et al., No. 13-cv-7720, pursuant to Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure, without interest to any party and with each party to bear its own attorneys' fees and costs. For the avoidance of doubt, this stipulation of dismissal applies only to Bank of America, and Plaintiff is continuing to pursue claims against other Defendants in this action. SO ORDERED. Bank of America Corporation and Bank of America, N.A. terminated. (Signed by Judge Naomi Reice Buchwald on 6/22/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:13-cv-07720-NRB”
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Also see Docket 3687;
Credit Default Swaps (CDS) trade on the OTC.
IMO, these Stipulations are a good sign for WaMu, Lehman’s, and F&F + FNMA and FDIC resolution.
Please remember that the FDIC started this litigation.
Ron
WMB Had $30 Billion in Mortgage Sitting on The Shelf.
Those mortgages were there for put-backs into the RMBS tranches.
JPM has nothing to complain about.
Ron
The FDIC Is Associated With the FED.
The TBTF Bank Cartel controls the FED.
The Hedge Funds controls the Politicians.
?? “We The People”?
Not our country/government anymore.
WaMu was a 5AT by the government.
F&F was a 5AT by the government.
Lehman’s was a refusal to pay by JPM.
Bear Stearns was a refusal to pay by JPM.
... The Community Reinvestment Act...
BO and fellow travelers.
All to protect the TBTF.
S&G totally failed.
COOP is a decoy.
COOP is going to $600 PPS (sarc),
Ron
No Government Agency Has Control of Retained Earnings.
This money is in the AAOC PLAN 6 Trust
DOCUMENTED! PROVEN!!
LIBOR Litigation is all about currency manipulation and correction of Derivatives interest rates to pay back to the ABS CERTS holders.
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
In the link above, you will not find a direct reference to derivatives. OTC(The Exchange), CDS(Credit Default Swaps [the Insurance Contracts]).
All to protect the TBTF Bank Cartel.
The 2008 Credit Crisis was the Derivative Market that didn’t have any money to cover the ABS contractual losses.
JPM slow paid BS, BS became cash starved, and JPM bought on the cheep.
BS was a very large holder of ABS CERTS that the TBTF needed to cover through Derivatives Contracts.
WaMu was forced into making loans to unqualified people because of The Community Investment Act.
Not “We The People” anymore.
It’s; We the Hedge Funds Controlled K Street lobbyists that run the Beltway of bribed politicians.
Ron
Why COOP? COOP Doesn’t Hold Our Assets.
COOP is a Registrant-sub of the Parent Corporation.
I see absolutely no reason for why the Retained Earnings have not been paid-out to Class 19, 22.
Ron
JWW, Now Use A Longer Term Chart.
+$58 was for a past high.
Now do your cup and handle charts including the $58 PPS.
Totally different picture.
COOP isn’t the answer.
COOP needs to reach +$600 PPS for P’s to see one face.
Not happening.
Ron
?? Why Bring In New Capital?
Why not just use our capital, if this has anything to do with us?
We Equity have multiple sources of distributions but nothing happens!
Is Paladin working for us?
Ron