News Focus
News Focus
Followers 80
Posts 10491
Boards Moderated 0
Alias Born 06/05/2014

Re: hotmeat post# 558274

Friday, 02/08/2019 4:05:49 AM

Friday, February 08, 2019 4:05:49 AM

Post# of 749756
Now I think we were really F'CKED up by the FDIC and JPMC according to the last answers from the WMI-LT and almost nothing will be distributed to escrows. I am sure there were at least $24 billion (plus interest) stolen from us.

The FDIC inception balance sheet shows $40.2 billion asset related "equity adjustments" (which include the ~13 billion WMB notes which JPM did not acquire). It was all about accounting tricks. At the moment of the seizure and when JPMC acquired the assets they made these "asset related equitiy adjustmens" in favor of JPMC. They only paid $1.883 billion for it, and later (oh what a miracle!) JPMC "found" additional $30 billion in the appartment loans.

It seems our last hope for a minor payment now is the LIBOR litigation of the FDIC, but I think the WMB senior and junior bonds must be paid first, and I don't think the FDIC will receive something in the magnitude of ~$13.x billion for LIBOR litigation against many banks (not only JPMC) on behalf of WMB.

All the logic and DD says there was and MUST be money left for WMI equity, but yes, it was STOLEN from us and we were F'CKED!!!

WMI Equity holder should have sued the FDIC on their own...

Most of my hope is in COOP now...

The answers are disappointing but at least we can stop with the nonsensical dreaming...well at least some of us.



---------------------------------------------------------
- Just my personal opinion, no investment advice! -
---------------------------------------------------------

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today