InvestorsHub Logo
Followers 69
Posts 3515
Boards Moderated 0
Alias Born 01/23/2006

Re: None

Wednesday, 01/09/2019 12:05:10 PM

Wednesday, January 09, 2019 12:05:10 PM

Post# of 730579
New email from FDIC:
Note: I will not provide all emails from my contact George but he has been very helpful in trying to provide detail but clearly does not understand the depth to this WMI bankrubery.

It does look like cash and investments dated Sept. 30, 2018 increased to
$144,353,000
from email:
Yes it has been updated. The one I sent you was as of September 30, 2018. I have one dated June 30, 2018 which came from the same web site and it reflects different numbers. For example: September 30, 2018 – Cash and Investments @ $144,353,000
June 30, 2018 – Cash and Investments @ $127,106,000. So the financial statement has been updated since 11/21/16. If you are reading into the date of 11/21/16 on the last page of the attachment I sent you as the date of the financial statements that’s not a correct assumption. You need to read the date on the first page the references “For Period Ending September 30, 2018”.

Thanks,

George

My Note: George was at the closing back in Sept. 2008 and his primary job there was dealing with all the Unsecured Bonds the Receivership ended up retaining. He understands a lot what took place that day.

One very interesting info is what he stated below:

I am having a meeting with someone tomorrow to learn more about pending LIBOR investigation. - so would love to get update as I did question if FDIC is just making that claim but will not go after parties involved. He also want answers!

Note: I have sent him a lot of info and IMO he now believed JPM may have gotten too good of a deal. I asked him if he could forward some of what I provided to anyone that is incharge of review. I think he has as in one he stated he would forward to get clarification as I requested to much for him to answer. I am not expecting FDIC to clarify what I have requested.

I do not want to overwhelm him in emails but if others have very clear question this is his contact. Fritz, George R. <GFritz@FDIC.gov>

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News