Catz,
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****QUOTE****
Calmly please -- and ONLY a list please -- what are the possible places for returns to the WMILT.
Would like just a list, please, for clarity.
We know the "rationale" (theory) presented, it doesn't need to be re-hashed.
Just a list in reply please.
{I said please three times...}
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I'll start, as I understand it.
1) There are mortgages held, in "safe harbor", that were owned by WMI. {An example please?}
2) There are mortgages held, while securitized, held "in portfolio" by WMI as sole owner of that security. {An example please?}
3) JPM did not get "everything" under the bank. Some bank assets weren't part of the 'whole bank' to JPM, and are at the FDIC. {an example please?}
4) JPM only received "servicing rights" to mortgages. Therefore there is retained "value" of those mortgages due to the estate.
5) There were non-WMB subsidiaries seized, and JPM got them -- but since they were not WMB's, the value of those subsidiaries are due back to the WMILT. {An example please?}
6) JPM couldn't possibly have gotten "everything" for 1.9b. "There has to be a pony in there somewhere". {An example please?}
7) The FDIC must return 'fair value', even if they sold the 'whole bank' for 1.9b. The FDIC is on the hook for the difference.
What else?
END OF Quote
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ATTN Catz and CALMLY PLEASE,
After years of research by many of us which have include some Professionals with subject matter experience and we have concluded the escrow shares will be very valuable to Equity investors who made the timely exchange in early 2012 through escrow shares. Due to the legal process, off balance sheet activities and far more, this is what we have concluded.
Why are you wanting a list NOW and for what purpose will this list be used? The "Post-to-close" in this bankruptcy is getting ready to be filed soon and I am wondering what the urgency is all of a sudden to find a so called asset list now and for whom does this list end up with?
As you know, I and others have tons of very valuable information but is this list to be used by those who invested in Piers and have very few if any Escrow Shares? After all of this time, I am sure you understand why I would be curious and I am sure many others as well. I am curious if this list is to be used by investors without any or few escrow shares so they can file a motion/filing asking be included with our Escrow Shares and or delay the case further? We have had investors here make similar filings in principle before. The following is my response to BK regarding this list.
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BK, no, you have had years to put your asset list together but you and others did not care to invest in equity and do the timely exchange in order to receive escrow shares and Newco/WMIH shares so live with that decision while you see Escrow Shares get a no cap payments in year 2015 and beyond.
No, I will no longer help you and others put together a list of assets to be used against equity and file your motions enhancing JPM further. You and others made your bed so reap your reward of MAYBE $4.00 and some change a former WAHUQ.
Have I told you lately how MUCH MORE I love my escrow shares?
