Wow. Really? So, what? What I mean is - and so? It's definitely put up or shut time, imo.
This 12 year campaign, or conversation, pursuing fair and reasonable treatment after the outrageous 5th estate taking of several national banking corporations - has failed relative to one key aspect of our efforts: no money has come from WMI yet.
I believe our financial services industry has infiltrated our courts and justice system to the degree that thousands of investors can be misled for decades while KKR abuses its power with the help of other financial elites. To correct this we must understand what happened and is happening.
I believe our financial services system is severely broken. It intends to serve and further our nation's wellbeing. It's as destructive as otherwise. Hoarding cash, and concentrating it is facilitated eagerly by banks.
I believe cryptocurrency is a viable alternative for the time being. It appears to be more secure than other forms of wealth storage and management.
I believe we have been lied to, confused, and intentionally misled. Capitalism is easily abused. In this case a form of cannibalism was justified to save the whole. The cover up is obvious. Something went "wrong" and I have reason to be angry. We established our culture a few hundred years ago on a higher ground with hopes for an improved greater human condition, not worse. This is worse: 5th estate crap not resolved.
I believe WMI owes me a bunch of money but I haven't received it yet and I don't know when I will. Fortunately, it's still in business!
Believing in things that do not exist is always disappointing, eventually. Believing in verifiable facts, as we say, is usually satisfying.
As I come to grips with reality, the proof of what it is, and isn't, is clear and not subject to debate: my escrowed shares are due value yet to be honored. This is my reality in this general topic: coop.
Proof that I have, or have not, received value due escrows is simple, but the potential is not as easy to establish. AZ has gone a long way to do so. Thanks.
Believing in potential works if the belief is in potential, not the specfic results.
The future is not what "it" is. Now is what is. "It" is now, for the purposes of this investment.
Now, no money for escrows, yet. And we don't know when it will arrive. Regardless of mentions of March '21, evidence of escrow being defrauded mounts. Nothing now. Maybe later.
The flip side is; our hope and beliefs are simply not yet resolved with KKR / FDIC's schedule, or nothing at all is coming from WMI to escrowed shares. Maybe tomorrow. Nothing yet.
Here, our conversation breaks down. We haven't figured out how to handle the potential. We struggle to explain fair and reasonable in contrast to what is. This is a noble pursuit, nevertheless, because holding oneself and business participants to a basic standard of fiduciary actions is worth our time, imo. We hold an expectation, a hope, a vision of resolve.
The possibilities of a payout exists. But, no amount of speculation, conjuring, or faith in error can produce desirable results unless what one desires is endless seeking.
For example belief and faith applied to eternal facts are well invested and will bear fruit...benefits.
Otherwise some our strongest tools, e.g. faith and hope, are wasted on castles in sand. So, understand "potential" and effectively pursue potential without mistaking it for something that it isn't. Our failure is obvious: we have been specifically wrong repeatedly and yet generally correct in pursuing noble goals and fruits of the same. Naysayers have nothing to brag about either. In fact, in a world of potential, naysayers repel success.
Again, getting what I want is achieved most quickly when I want what is and what could be. I see potential for a payoff, and believe in the potential of a payoff. I can't believe in a specific outcome exactly. There is no such thing. Clearly, no such specifics are available.
All we know is we might get paid something for our escrowed shares. Using this information to support continued vigilance, hoping to affect responsible fiduciary actions is rational. Predictions must remain nonspecific, or simply be laughed at on either side. I wouldn't want to be the guy who said, it's over, the day before we get paid. I'd rather be one that kept the faith in the potential.
Possibilities are created by our faith and hope but failed predictions constantly undermine our ability to create because resulting disappointment produces major distractions and struggles.
Imagine that we can harness our belief and faith and understanding so that our predictions are always generally correct rather than specifically wrong. Imagine this.
Apply this principle to WMI, and I realize that I'm correct to hope that WMI assets are eventually distributed to rightful owners. I'm not correct to expect or believe that I'm getting paid any longer. It's irrational for me. It doesn't matter if I'm determined to believe. The only shred of reality that I can find is called "potential", with the word "possibilities" as a subset or part of the former term. Example: Our financial services industry has the potential to do better by individuals. Specifically, the parties involved in the Washington Mutual Incorporated reorganization have the potential to at least explain where and what the assets are.
In the meantime, I've learned a bunch and participated in my own further education.
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