Replies to post #2913 on Rocket Companies Inc (RKT)

[BBANBOB]

STOX
"".Then only Hope will be to wait till June -Sept 2026 to see If we get something from the Wind-down of Paladin.""
One needs to understand that the 2026 Date on PALIDAN is a MAX REQUIRED date for closure, it could very easily be next week imho for all we know

I still say somehow we are joined at the HIP with the F&F deal in some way, and they are on the verge of coming back to life

Hell for all we know if IF IFIN WMI has what many think as high as a TRILLION $$$$$$$$$$ possibly more, we (WMI) may be back stopping F&F

GONNA DREAM DREAM LARGE GREEN

[SamuraiProgrammer]

This is ALL SPECULATION on my part. I have no evidence for any of these thoughts whatsoever. Just sayin'.

I have no idea. I seriously doubt that it will happen before Christmas 2025. I think there are too many moving parts for it to happen that quickly.

I think the first sign will be the impending end of WMB's receivership. For that to happen, IMO, FDIC and JPM must settle their differences. I cannot help but believe that those two entities are still haggling about what and for how much. I think JPM does not lose by waiting and FDIC doesn't care either or doesn't have a lever long enough to get JPM to budge. I can't say for sure that even if JPM settled up with FDIC that it would mean money for appropriate former shareholders.

BUT, I think part of our value may pass through FDIC and that cannot happen until FDIC closes the receivership and that cannot happen until the LIBOR appeals are over and there is not reason for JPM or FDIC to settle their differences until the LIBOR delay is over...

So, ultimately (and sadly), I think we may be many months or even years away.

BBANBOB mentions

I still say somehow we are joined at the HIP with the F&F deal in some way, and they are on the verge of coming back to life

To be honest, I have this nagging feeling in the back of my mind as well. I cannot reconcile it with any logic that directly relates to us, but it 'feels' as if that could be a sign of things starting to move. But I think that would apply to any value that bypasses FDIC.

If the 'balance sheet' at FDIC is an accurate description of the truth and not just the way the accounting looks right now, FDIC may be in a world of hurt and may try again to claw at the corpse of WAMU. That WOULD explain why those assets have not been distributed yet.

The question then becomes "Do the non FDIC distributions have to wait for the FDIC distributions to keep FDIC from trying again to latch on to them and not claw at JPM"?

AND:
STUPID IDEA OF THE DAY: (Yes it's my idea and I said it was stupid)
'What if the F&F IPO is a preplanned (from WAAAY back when) step that transfers F&F to the old WAMU.