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News Focus
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Ray_137

06/03/25 1:13 AM

#743345 RE: LuckyPanda #743344

As I Said last year, look for 2050-01-01.
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KeyKey

06/03/25 1:33 AM

#743346 RE: LuckyPanda #743344

Thanks for sharing your opinion and your understandable postings.
I wish there would be more of that kind.
Understood that FDIC should be pushed to speed-up topics for closing the receivership.
Which possibilities do we have ? None ?
I have checked once again their page:
https://www.fdic.gov/bank-failures/status-washington-mutual-bank-receivership
No update since March.
Not clear when we can expect next update.
I saw that it is possible to subscribe for a newsletter.
But finally you have the possibility to check several boxes and I don't know which box to be checked when I only want to be informed for updates on closing the receivership. Further there is the possibility to write an email to them, but since there are several email-adresses mentioned, it is not clear which email-adress to be used in this case. At least we could ask them if they have an idea how many years we still might have to wait till receivership can be closed. Better than doing nothing and just wait. But as informed, it is not clear to me which boxes to be checked for newsletter-update-information and it is also not clear for me which email-adress to be used in case of questions related to closing of the receivership.
Maybe somebody has further information ? Thanks
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goodietime

06/03/25 9:29 AM

#743351 RE: LuckyPanda #743344

"1) The receivership owes the bank bonds to the tune of $13B...but it doesnt have the money to pay for it."

Then why were lower Classes allowed to receive value, if there was no clear/certain/known way to pay this higher Class?
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jhdf51

06/03/25 10:12 AM

#743352 RE: LuckyPanda #743344

Exactly, and all this hocus-pocus talk is just that.

What we have is Mr. Cooper group being bought out by rocket companies in November and that’s what we know.

JHD