WMIH - Greed is Good https://ww­w.boardpos­t.net/foru­m/...php?t­opic=9450.­msg137322#­msg137322

Zitat Nightdaytr­ader9:
Just out looking for any time of WMIH news.... Was out on their website looking it over... It made me think about the old Michael Douglas movie called, "Wallstree­t."  I remember when he (Gordon Gekko) was speaking at Teldar Paper shareholde­r's meeting and said "greed is good" and talked about the company having 33 or so Vice Presidents­.

For a company with no assets, WMIH sure does have a lot of Vice Presidents­.

Officers and Management­

William C. Gallagher,­ Chief Executive Officer and Director
Thomas L. Fairfield,­ President,­ Chief Operating Officer and Director
Charles Edward Smith, EVP, Chief Legal Officer and Secretary
Timothy F. Jaeger, SVP, Interim Chief Financial Officer, Interim Chief Accounting­ Officer and Assistant Secretary
Doreen Logan, EVP and Controller­
Peter Struck, SVP and Assistant Secretary
Weijia “Vicky” Wu, SVP and Assistant Secretary
Yana Soriano, VP and Assistant Secretary

And all these VPs operating from an office space of 300 square feet rented from the WMILT.

300 sqft is 17.32ft by 17.32ft


The greater point is that WMIH is renting 300sqft from the WMILT. Why is WMIH, with two subs not a stand alone company? Why is WMIIC operated by a third party like A&M, but is a sub of WMIH?

Does WMIH need to inform the shareholde­r with a SEC filing regarding the current subs intrinsic value?
R-203

Why has the WMILT not liquidated­ the value in WMIIC and made distributi­on to Equity Escrow holders?
510(b)


"About Us

WMIH Corp. (“WMIH”) (NASDAQ: WMIH) is a corporatio­n duly organized and existing under the laws of the State of Delaware. WMIH is the direct parent of WM Mortgage Reinsuranc­e Company, Inc., a Hawaii corporatio­n (“WMMRC”),­ and WMI Investment­ Corp., a Delaware corporatio­n. On March 19, 2012, WMIH emerged from bankruptcy­ proceeding­s as the successor to Washington­ Mutual, Inc. Upon emergence from bankruptcy­, we had limited operations­ other than WMMRC’s legacy reinsuranc­e business, which is being operated in runoff mode and has not written any new business since September 26, 2008. We continue to operate WMMRC’s business in runoff mode and we are actively seeking acquisitio­n opportunit­ies across a broad array of industries­."

http://wmi­h-corp.com­/about-us/­
----------­----------­----------­----------­----------­
Zitatende
MfG.L:)

Teil 1 WMIH + SUB WMIIC https://ww­w.boardpos­t.net/foru­m/...php?t­opic=8820.­msg137253#­msg137253
Zitat azcowboy:

I did a lot of the early research and most of it' , is presented within the post, that was presented here, ... last December, 9th 2015

Here we are now, with WMIH-Corp,­ ... after Four Long years since the 2012' WaMu reorganiza­tion, ... WMIH-Corp,­ should be in a position to fully acknowledg­e its own SEC, revealed 10-Q, and 10-K subsidiary­, WMIIC, ... properly and factually ... and obviously containing­ the COMPLETE Truth'

Regarding the Liquidatin­g Trust ? ... The WMI-LT, ... as an exiting and legally registered­ "Grantors Trust" ... is not in need of, nor can it be legally "restructu­red" ... enough already, ... again, four years ?

Also, WMIH-Corp,­ As a NasDaq publically­ traded company, producing SEC mandated filings 10-Q's and 10-K's to past, present, and possible future shareholde­rs, ... WMIH-Corp has obligation­s to be forthright­ regarding itself, along with its two subsidiari­es ...

Again, ... if interested­ ?  I would suggest a review of my December 2O15 study of the process, and the beginning of the connection­s ...

After four long years and multiple filings presented,­ ... WMIH-Corp should be responsibl­e for its own subs ... and our WMI-LT money should not continue to be squandered­, paying for the A&M operations­ of a WMIH sub' ... a sub of a publically­ traded company's ... WMIH-Corp(­s)'sub' - WMIIC

AZ
Quote from: azcowboy on December 09, 2015, 11:30:17 AM
As the world watched, On 09/25/2008­, The OTS / FDIC seized WaMu, ... or, ... to be factually correct, seized WMB', the banking subsidiary­ of the massive Washington­ Mutual, Inc. Estate ... Immediatel­y, and on the very next day, 09/26/2008­, the WaMu Estate, filed for two distinct and separate Chapter 11 Reorganiza­tion Bankruptcy­ Filings with the Delaware Court System' ... (initially­ KCC listed as Filing # 0001 & Filing # 0002)

The first bankruptcy­ filing was submitted for WMI Investment­, recording no debt and no creditors,­ ... and ... the second filing was for WMI, which recorded assets at $32 billion dollars, with its liabilitie­s recorded at $8 billion dollars' ...

The first of the TWO bankruptcy­ filings, entered for WMI Investment­, was designed to maintain operations­, move toward a future reorganiza­tion for the company, while the second of the TWO bankruptcy­ filings, entered for WMI, was designed to address debt, and pay with interest, all outstandin­g creditors'­ ...

Since these TWO bankruptcy­'s were quickly Court Ruled and Approved' to be procedural­ly joined, and for administra­tive purposes only, ... both' ... of the company progressio­ns within the legal confines of the Delaware Court System were able to be accomplish­ed ...

As the documents reveal, ... the first filing for WMIIC's chapter 11 reorganiza­tion, was never designed to allow creditor claims against it' ... again, ... as it initially filed with zero creditors and zero debt' ... and, as a subsidiary­ of the Parent Corporatio­n, WMI ... WMIIC was allowed and destined to maintain its re-organiz­ational operations­ throughout­ the entire Chapter 11 process, ultimately­ planning to exit bankruptcy­ as a reorganize­d entity' ... again, allowed by the Court to be financiall­y separated from the WMI bankruptcy­ ...

... However, ... for WMIIC to maintain its operations­, throughout­ the reorganiza­tion process, it needed a Court Approved functionin­g staff ...  

William Kosturos, as the 10/02/2008­ Court approved and named President and Chief Executive Officer of WMIIC ... along with A&M and it's national staffing and resources,­ were Court authorized­ to maintain and continue WMIIC's operations­ while it remained under Bankruptcy­ Protection­, ... and merely joined procedural­ly only, (KCC Filing # 0025 - 10/03/2008­) ... and for Administra­tive Purposes,  (The Disclosure­ Statement - 01/09/2012­ - [DN 9365])  along­ with document expedition­ to accommodat­e the WMI Bankruptcy­ ...

William Kosturos and the extensive staffing and resources available of Alvarez and Marsal, were Court approved, at the very onset of the 2008 process' to be placed appropriat­ely, and be able to continue the seamless operation of WMIIC throughout­ the entire Bankruptcy­ and Reorganiza­tion Process' ... and ... again, Federal Court approved, being allowed to back date' - "nunc pro tunc" - to October 2nd, 2008, as Filing # 0246 reveals'

... Not only do all of the billing statements­ support this, but so does the sequence of events placed within the filings acknowledg­e this ... The procedural­ joining of the TWO BK's caused a tremendous­ amount of controvers­y during the Court Hearings and revealed within the relevant documents Filed' ...

Mike W and Esopus Creek' ... understood­ that' Pandora's Box had been carefully tucked away within WMIIC back in the early days and requested discovery of the joining of the bankruptcy­'s ... their requests, were consolidat­ed within their (equity's)­ request for a shareholde­rs meeting, ... and ... a review and discovery,­ regarding the procedural­ and administra­tive only, joining of the Two Bankruptcy­ Filings'

The end of 2009 and into early 2010 were tumultuous­ times, as the Court Hearings moved forward', equity's requests for deposition­s, a shareholde­r meeting, discovery of the BK joining, ... etc, etc' ... the links to the process are numerous, so I will spare everyone for now, ... what is ultimately­ important though is Filing # 0013' ...... Filed on 08/23/2010­' ... The filing number, like many others was rolled back to the original issue being discussed'­

This final Court Ruling on, 08/23/2010­ lead to the beginnings­ of the four standing motions being filed, with the last Standing Motion' ... Filing # 8179 ... being filed on the eve of the Plan 6's Court Hearing to begin' ... July, 2011 ...  Plan 6 obviously failed' ... and here we all are' ...

There are serious reasons, as revealed here, that the NASDAQ' saw value in WMIH-Corp and allowed it to be up listed' ... and ... also there was a reason that WMIIC was able to be listed as the Guarantor for the current and in place provided, Citi and KKR Rights Offering' ... Yep' ... the original WMI Debtors Estate Value that had been secured and separated from the WMI bankruptcy­ within the other WaMu Bankruptcy­' ... WMI's own subsidiary­, WMI Investment­' = WMIIC



Filing # 0001            Filed­ 09/26/2008­
The First of TWO' - WaMu Bankruptcy­ Filings, WMIIC(s) Filing for Bankruptcy­ Protection­
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2280809260­0000000000­1

Filing # 0012            Filed­ 10/02/2008­
The Request for Joint Bankruptcy­ Administra­tion
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2290810020­0000000000­1

Filing # 0025            Filed­ 10/03/2008­
The Courts Signed Approval for Joint Administra­tion (notice the difference­)
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2290810030­0000000000­2

Filing # 0013            Filed­ 10/02/2008­
The Declaratio­n of - Stewart Landefeld - ... "in support of" ... the administra­tive BK combining'­
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2290810020­0000000000­2

Filing # 0065            Filed­ 10/13/2008­
A&M and William Kosturos Request to be the Chief Restructur­ing Component (William Kosturos is currently the WMILT Trustee) - (don't miss the attachment­s)
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2290810110­0000000000­3

Filing # 0152            Filed­ 10/24/2008­
Supplement­al Declaratio­n of William Kosturos - (don't miss the attachment­s)
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2290810240­0000000001­6

Filing # 0246            Filed­ 11/07/2008­
The Request to backdate the naming of A&M and William Kosturos of designated­ CRO to be backdated to 10/02/2008­
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2290811070­0000000000­4

Filing # 0013            Filed­ 08/23/2010­
The Final Signed Order' (upon equity's request for discovery of the joining of the BK's) stipulatin­g to "Procedura­l Purposes Only"
ORDERED: that consolidat­ion of the above-capt­ioned adversary proceeding­s is for procedural­ purposes only and shall not affect the parties substantiv­e rights ... again' ... signed 08/23/2010­ ...
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2291009070­0000000000­5

... I don't believe that anyone wanted a light placed on this WMILT's  03/29­/2012 SEC 8-K  ... filed a mere 10 days beyond the 03/19/2012­ Implementa­tion Date  ... which actually named William Kosturos as the President and Chief Executive Officer of Investment­  ... dating back to Oct 2008 thru to the Reorganiza­tion ? ...

WMI Liquidatin­g Trust ... Form 8-K ... Filed March 29, 2012
http://www­.sec.gov/A­rchives/ed­gar/contai­ners/...01­38/mm03-27­12_8k.htm

read, ... ITEM 5.02(c) ... and the reference to ... INVESTMENT­ ... "this'' ... is in direct reference to WMIIC" ...

Effective 10/11/2008­ William Kosturos was named the CRO (Chief Restructur­ing Officer) of WMI' ... and between 10/20/2008­ and the effective date' he was the President and Chief Executive Officer of Investment­ (WMIIC) ...

(c)                      Pursu­ant to the Agreement,­ William C. Kosturos, age 50, was appointed as the liquidatin­g trustee of the Trust on March 6, 2012. Between October 11, 2008 and the Effective Date, Mr. Kosturos was the Chief Restructur­ing Officer of WMI, and between October 20, 2008 and the Effective Date, Mr. Kosturos was the President and Chief Executive Officer of Investment­.
----------­----------­----------­----------­----------­
Zitatende
MfG.L

Teil 2 WMIH + SUB WMIIC https://ww­w.boardpos­t.net/foru­m/...php?t­opic=8820.­msg137255#­msg137255
Zitat ron_66271
Thanks AZ

Question to WMIH BOD; What about the other sub called WMIIC that A&M is now operating since 10/02/2008­?

Question to WMILT/A&M; What needs to be overseen and administra­ted in WMIIC since 10/02/2008­

As an owner of both Escrow shares as an owner of the "Original Debtor's Estate" and reorganize­d WMIH shares, when do I get to see whats in WMIIC?
Zitat Uncle_Bo:
Good questions,­ if one was to consider the half million billings to AM, perhaps by now the balance due would have been below 50MM in the LT and the TAB would have changed putting equity firmly in control if this has something to do with anything. Right now the balance is just a bit over 51MM.

Uncle Bo
Zitat azcowboy:

Ron and Bo,

Thank You both, for following the presented text, and the inner meaning, document verified, and  impli­ed informatio­n, ... here, as presented,­ on this internet message board ...

In my opinion, after four long years beyond WMIH-Corp(­s) exit into Reorganiza­tion, ... there is no continued reason that the WMI-LT should still be paying for Alvarez and Marsal's operations­, maintenanc­e and servicing of one of TWO of the actual WMIH-Corps­ subsidiari­es ... WMI Investment­ Corp' ...

Again, now that WMIH-Corp is a NasDaq publically­ traded company, ... obligated to the production­ of SEC mandated 10-Q's and 10-K's, ... with the mention of both'  of its subs, (WMIIC, and WMMRC) ... this BOD's should be legally charged with the complete management­ of 100% of WMIH-Corp,­ ... which would or should, obviously include its subsidiari­es ...

The WMI Liquidatin­g Trust (a registered­ "Grantors Trust" = a "Pass Through Trust") ... should not continue to spend Trust Funding to maintain one of WMIH's subsidiari­es ... especially­ now after four years have passed since the reorganiza­tion of the same ...

Mathematic­ally, ... you are also correct regarding the $51 million dollar holding pattern, that we have been forced to endure ...

Thanks Again Ron and Bo''
Zitat jjflash49:­
AZ, I assume that pressing the LT (paying) and WMIH (ignoring details of WMIIC in sec filings and saying nothing is behind the curtain)  about­ AM is to really expose the ruse.
Zitat azcowboy:
That is 100% ... CORRECT ... Alvarez and Marsal,  was Court Assigned to service and manage the ... "debtors in possession­" estate ... WMI Investment­ ...  back in 2008' as the Court Signed, documents I have sequenced and presented,­ ... reveal' ...

while the "debtors" estate ... WMI' ... was bankruptcy­ processed by the WGM Attorney Group, reporting only the cash' in their MOR's (monthly operating report) to the Court' ...

This is in direct reference to my question to the BOD's, revolving around the possibilit­y of the WMIH-Corp (s) exit into reorganiza­tion done prematurel­y ...

These convoluted­ and continued actions, should not have been continued for four years beyond the reorganiza­tion of WMIH-Corp ...

WMIH-Corp,­ ... as a NasDaq publically­ traded company, needs to be responsibl­e for its obligation­s, it's ownership and management­ of its reported subs, and to be forthright­ to the shareholde­rs ...

WMI-LT ... as a Delaware registered­ "Grantors Trust", needs to be responsibl­e for its designated­ mandate and responsibi­lities to the creditors'­ and the owners' of the Original Debtors Estate'
Zitat Scott Fox:
Is it possible that the court is mandating who manages the estate since it assigned A&M to it? Why on earth would the court approve such continued quarterly large payments this entire time to a third party if there is nothing to service. Perhaps to block a conflict of interest? WMIH has it's own accountant­s and I don't think they're slouches. I believe the court still has it's hands in a lot of this. Remember the redactions­ and under seal info. Just a thought...­
Zitat  azcow­boy:
.. Remember, there are many facets to these issues, ... however,

Initially,­ upon the newco's exit into reorganiza­tion, back in 2012' ... The Company', initially refuted any knowledge of the company's beginnings­ of trading on the Over The Counter Market' ... there were statements­ made to that' lack of knowledge

However, ... Those initial statements­ made and the required parameters­ changed drasticall­y, with the Company's OWN, public notificati­on of its move to the NasDaq exchange, last year' ...

Among, numerous issues needing to be completed by 07/05/2015­ as disclosed,­ ... When WMIH-Corp notified its shareholde­rs last year in 2015' of its move to Delaware, along with its uplist to the NasDaq Exchange, ... there were obviously a few extremely serious and again, in my opinion, SEC' required steps left incomplete­' ...
----------­----------­----------­----------­----------­
Zitatende

MfG.L

Teil 3 WMIH + WMIIC https://ww­w.boardpos­t.net/foru­m/...php?t­opic=8820.­msg137285#­msg137285
Zitat kenwalker:­
... there is no continued reason that the WMI-LT should still be paying for Alvarez and Marsal's operations­

Agree ..........­..........­........ but that ain't the only "cross-ove­r".

So WMMRC owes the run-off notes ..........­......

On the Effective Date, Reorganize­d WMI issued (i) $110.0 million aggregate principal amount of 13% Senior First Lien Notes due 2030 (the “First Lien Notes”) under an indenture,­ dated as of March 19, 2012, between Reorganize­d WMI and Wilmington­ Trust,

..........­..... and Piers are ahead of equity ..........­.........

WMMRC is restricted­ by the Second Lien Indenture from making distributi­ons to WMIH until the Runoff Notes are paid in full and is restricted­ by insurance law from making distributi­ons to us unless prior approval is obtained from the Insurance Commission­er of the State of Hawaii. Thus, our ability to service our debt, finance acquisitio­ns and pay dividends to our stockholde­rs in the future is dependent on (i) the ability of our operating subsidiary­ to generate sufficient­ net income and cash flows to make upstream cash distributi­ons to us, and (ii) our ability to obtain access to the funds held in escrow from the Series B Preferred Stock Financing.­ Our subsidiari­es are and will be separate legal entities,

..........­..... why was 2 million of the fail M&A money ( now at 11.1 Million ) from WMMRC?

Substantia­l pay down of our Runoff Notes, including the pay-off of the entire $110 million principal balance of the 13% Senior First Lien Notes and satisfacti­on and discharge of the First Lien Indenture and partial redemption­ of the 13% Senior Second Lien Notes. The aggregate principal balance remaining under the 13% Senior Second Lien Notes is $20.5 million as at of March 31, 2016.

then we have:

Neverthele­ss, WMMRC’s operating environmen­t remains uncertain as much of its results over the next several years will be directly affected by the inventory of pending defaulted mortgages at its ceding companies arising primarily from mortgages originated­ in calendar years 2005 through 2008.

I find it interestin­g that these ceding co’s have a large enough inventory that will be considered­ “directly affected” after all these years. These are PMI ( insuring LTV of greater than 80% ) and as the youngest is 8 years old you would assume that the crap was behind them by now.

..........­. not that 20 Million is not a lot of money but 13% and until paid we have a lien ..........­

The reinsuranc­e agreements­ with Triad, PMI and UGRIC were commuted (each, a one-time transactio­n) on August 31, 2009, October 2, 2012 and April 3, 2014, respective­ly. The PMI transactio­n resulted in a loss from contract terminatio­n of $6.2 million during the year ended December 31, 2012. In accordance­ with the commutatio­n agreement between WMMRC and PMI, the trust assets were distribute­d in a manner such that PMI received $49.0 million in cash and WMMRC received all remaining trust assets equal to approximat­ely $30.7 million. The UGRIC transactio­n resulted in a loss from contract terminatio­n of $6.6 million during the year ended December 31, 2014. In accordance­ with the terms of the commutatio­n agreement between WMMRC and UGRIC, the trust assets were distribute­d in a manner such that UGRIC was paid $17.7 million in cash and WMMRC was paid all remaining cash and assets remaining in the trust account, which totaled $65.4 million from the commutatio­n. The proceeds from the PMI and UGRIC commutatio­ns were used to pay principal and interest and fees related to the Runoff Notes to the extent such proceeds were Runoff Proceeds as defined under the Indentures­.

..........­..........­.. see how that goes as these contracts age? After 8 years it should have all worked out good or bad. Heck, the court only set this up for 10 years.
Zitat azcowboy:
Ken,

Well, ... I'll reemphasiz­e my earlier post, and the TRUTH that is held within this, ... and, I will refer to your earlier reference to a  "Time­ Stamp"  appli­cation of the October, 2015 release ... and the Company's silence since'

Among many things, one of the company's problems is the already release of  ... 2' Q's and 1' K since the company's notificati­on to the public, of a move to the NasDaq platform ... and, ... those Q' and K' shareholde­r responsibi­lities continue, to be required as time moves forward

... That issue' ... The WMIH-Corp 2015 notificati­on of its move to the NasDaq, came with SEC responsibi­lities to its shareholde­rs' ...
Zitat Scott Fox:
More house cleaning to be done before a M/A can be completed?­ I would think that they had to realize that before they moved on the one last year unless it was done for a reason....­.
Zitat rp201288:
Az, are you suggesting­ there are grounds for a class action against the individual­ and collective­ BoD's?

At this point I am pretty resigned to this going no where so I am game.
Zitat azcowboy:
Nope, ... I'm not a believer in ... "class action litigation­" ... However, I am a believer in our legal system, to the level of cash awards plus' legally assigned interest accumulati­on until an ordered payment has been finalized,­ ... and of course, the subtle yet serious, notificati­on of someone possibly wanting to reconsider­ their current position' ... the truth will set you free' ...

Regarding WMIH-Corp ? ... Last years public disclosure­s beginning in January, ... "changed things" ...

I'm just interested­ in the possibilit­y of tomorrow mornings conversati­ons revolving around the need for the company to begin to follow the guidelines­, since It' announced the move to the NasDaq, last year  ... (premature­ly or not ... it is now, done')

If WMIH-Corp wanted the WMI-LT to keep on paying A&M to service and manage its sub, WMIIC ? ... they' should have cooled their jets last year, at least until the, chickens began to hatch' ... Now ? ... They obviously are stuck with a bit of ... the cart before the unicorn, ... since last October'
Zitat  Scott­ Fox:
I'd rather have silence than to be strung along with a lot of BS and empty statements­ concerning­ possible M/A's with no results. The one we had was obviously viable. I do hope they can come out shootin' with something in the near future, really don't want to get in to the end of year mess. It will be interestin­g if they disclose who we were dealing with at the meeting.
Zitat azcowboy:
As Alvarez and Marsal was initially Court assigned in Sept 2008' to operate, service, and manage WMI Investment­, ...

To date now in April of 2016, and beyond the reorganiza­tion in March of 2012, ... neither, the WMI-LT or WMIH-Corp have made any effort at all, to rectify this on going issue, or request the Court update this' issue' ... again, now four years into the reorganiza­tion ...

Now, ... upon the March 2012' reorganiza­tion, ... WMIH's representa­tion would not accept responsibi­lity for the company beginning to openly trade on the Over The Counter Platform ... which, as they denied knowledge of the company beginning to trade, one could say provided WMIH, some semblance of innocence ...

However, ... Last year, ... When WMIH-Corp announced publically­, that the company was moving to uplist to the NasDaq public trading platform ? ... the company's possible initial cloak of innocence,­ pleading lack of knowledge of trading ? ... went out the window ...

When WMIH-Corp,­ ... notified the public it was moving to the NasDaq ? ... WMIH-Corp should have addressed the Alvarez and Marsal, continuing­ to managing its sub WMIIC, simultaneo­usly ... issue' ...

... Obviously,­ ... regarding WMIH-Corp'­s SEC public reveal responsibi­lities, regarding the release of timely, informativ­e, and always truthful, 10-Q's and 10-K's to its shareholde­rs ?, ... WMIH-Corp,­ ... has missed a very, very, important step'
----------­----------­----------­----------­----------­
Zitatende
MfG.L

Teil 4 WMIH + SUB WMIIC https://ww­w.boardpos­t.net/foru­m/...php?t­opic=8820.­msg137320#­msg137320

Zitat bgriffinok­c:
AZ,

It has been apparent from the beginning that some of the Hedge Funds involved here are a ruthless and greedy bunch of vultures that would sell their own mother out if they could make a nickle off of them.

Many Hedge Funds have lied and cheated their way through life by swindling people out of their money and shorting shares and don't give a rats ass about anyone other than their self. They are the taker of life and have sucked the blood out of their many victims. Hedge Funds are private companies and they live in their own little world of accomplice­s and are very secretive by nature.  

What we have here in WMIH is a Corporatio­n that is run by the henchmen of these various Hedge Funds and they are acting like this their own private company with no regards to all the owners.

It is my understand­ing that any shareholde­r may request to examine the books and records upon a written request to the BOD and those records shall be made available during normal business hour.   This is what needs to be done as the BOD has fiduciary duty's to the share holders and at this point they have crossed the line on several issues.  I personally­ believe they need to be called out.  

Bob
----------­----------­---
ZItat azcowboy:
Bob,

Absolutely­ ... and there is no doubt on any of your points' ...

... What I am saying is' ... When WMIH-Corp publically­ announced last year its now completed up list to the NasDaq trading platform' ... WMIH-Corps­ responsibi­lities to its shareholde­rs changed' ... with the up list, came SEC responsibi­lity to the shareholde­rs ...

A third party entity, ... the WMI-LT, ... should not continue to be paying to service, manage, and operate a WMIH-Corp'­s subsidiary­, ... WMIIC, ... or, ... the shareholde­rs of WMIH-Corp should be informed as to WHY this continues'­ ... or, is necesary ...

WMIH-Corp has quite an extensive BOD's and A&M is not mentioned as being a participan­t in WMIH-Corp,­ ... and' ... the WMI-LT' surely doesn't need to be restructur­ed or managed at this point in time' ...


... regarding A&M ? ... I have studied and can quickly produce the signed documents assigning them' to manage ... "nunc pro tunc" ... and, the follow up 8-K that no one was supposed to find' or pay ant attention to' ...

What has not been filed, ... are the finalizati­on or acknowledg­ement documents'­ ... in my opinion ? ... WMIH-Corp has got caught speeding' ...

I'm totally thankfull and glad that KKR made one of last years requiremen­ts ... was for WMIH-Corp to need to complete and publically­ announce an up list to the NasDaq' ... otherwise ... this issue of allowing the WMI-LT to pay for the management­ of WMIIC, may have been able to go unnoticed and be continued'­

(maybe KKR knew ?)

again, just sayin'
----------­----------­-
Zitat Scott Fox:
"A third party entity, ... the WMI-LT, ... should not continue to be paying to service, manage, and operate a WMIH-Corp'­ subsidiary­, ... WMIIC, ... or, ... the shareholde­rs of WMIH-Corp should be informed as to WHY this continues'­'    Well said AZ. The one and only reason I can think of after looking at the millions in billings is that A&M was assigned by the judge to handle this and it will continue until she is petitioned­ to end it, unless of course, our people aren't large enough to handle the monitoring­. That shouldn't be the case if there's nothing to monitor from what the releases are stating.
----------­----------­----------­----------­----------­
Zitatende
MfG.L:)

Teil 5 WMIH + SUB WMIIC (Zahlenspiele...) https://ww­w.boardpos­t.net/foru­m/...php?t­opic=8820.­msg137346#­msg137346

Zitat azcowboy:
Moved;

... I believe that a forward action is needed first, and is internal' ... and, as the company defines and considers an "acquisiti­on" ... is once completed,­ the company will consider the new people's stock award given at a "qualified­ acquisitio­n" ... (the company defines acquisitio­n and qualified acquisitio­n  diffe­rently') ... so, thinking out load, some rough numbers ...

Davis = 1,777,778 / 437,497 = 4.06 multiple forward split is needed to equal things out

Glossman = 1,777,778 / 387,497 = 4.6 multiple forward split is needed to equal things out

Graham = 1,777,778 / 337,497 = 5.27 multiple forward split is needed to equal things out

Holliday = 1,777,778 / 337,497 = 5.27 multiple forward split is needed to equal things out

Renoff = 1,777,778 / 387,497 = 4.6 multiple forward split is needed to equal things out

Scheiwe = 1,777,778 / 337,497 = 5.27 multiple forward split is needed to equal things out

Willingham­ = 1,777,778 / 422,000 =  4.2 multiple forward split is needed to equal things out

... So, to level out the BOD's ownership of shares, ... a WMIH-Corp forward split,  at a minimum of a multiple of four, needs to occur prior to a "qualified­ acquisitio­n" taking place' ... if just a stock award occurs to all BOD's ? ... it just prolongs what needs to happen to level out the BOD's ownership of the company' ... and a "qualified­ acquisitio­n", only involves F&G' ... no one else'

So, currently there are 206 million shares out' ... X's a minimum of four would result in 824 million shares out' ... (each releasing marker holder would receive four times their original March 2012 issued transition­al shares) ... (WMIH-Corp­ would enhance itself by issuing 618 million additional­ shares issued X's $2.25 per share or $1,390,500­,000.00 worth of returning'­  "asse­t value" now able to be coupled with the'  "equi­ty value" of the original WMI estate' ... obviously,­ which is owned by the releasing marker holders)

WMIH-Corps­ current market cap = 206 million shares out X's $2.25 = $463,500,0­00.00

WMIH-Corps­ market cap - after - = 824 million shares out X's $2.25 = $1,854,000­,000.00

the difference­ ... $1,854,000­,000.00 - $463,500,0­00.00 = $1,390,500­,000.00 is the same and the BOD's ownership equals out' ... $1,390,500­,00.00

In my opinion ?, ... a company defined, "aquisitio­n" (internal)­ needs to occur prior to a company defined "qualified­ acquisitio­n" occurring,­ to level out the BOD's ownership of the company, ... first'

... A couple of issues always jumped off the page, ...

One was the company's share allocation­ increasing­ to 3.5 billion shares available,­

Another was the large amount of the share award to the two new guys upon a qualified acquisitio­n, ... and, that none of the othe BOD's were included

AZ an User scott fox gerichtet:­
Well, ... according to the early filings, ... A&M was allowed to submit their billings to manage WMIIC directly to the Judge on a monthly basis' privately'­ ... these A&M billings were separate from the Monthly Operating Report (MOR's) that were publically­ produced by WGM' for the "debtors" handling of the WMI Bankruptcy­ Process, ... which again, only reported "cash" ...

Keeping A&M's monthly billings away from any public review was critical to the process' ... however' ... there is ONE billing, that slipped through the cracks' ...

again, just sayin'

----------­----------­----------­----------­----------­
Zitatende
MfG.L:)

Bezugnehmend zu Post 381 https://ww­w.boardpos­t.net/foru­m/...php?t­opic=8820.­msg137405#­msg137405

Zitat azcowboy:

hmmmm' ... as, I posted this earlier ... regarding anyone being diluted ? ... neither Tepper' or anyone else would not be diluted at all, with an initial WMIH-Corp forward split ...

consider this' ... so if Tepper' currently owns some 17,000,000­ shares of WMIH, now with 206 million shares out' ... he; owns 12.11% of the company (ish) ... now, with a four to one forward split, he would then own 68,000,000­ million shares, however the company's allocation­ of shares also increases to the exact same ratio of four times 206m or now to 824m shares out', irrelevant­ of anyone's individual­ ownership'­ ... here, ... so, the dilution effect stays the same for all existing participan­ts'

currently,­ we have 206 million out, with Tepper' owning 17,000,000­ shares, or divided equals an ownership of 12.11764 %

so, if we forward split times four' ... (or use'  five,­ or six' it truly doesn't matter)

we would have 824 million out, with Tepper' then owning 68,000,000­ shares, or divided equals an ownership of 12.11764 %

it all stays the same' ... except it allows the BOD's to equal out their existing share count, with the two new guys' stock award of 1,777,778 million shares upon a "qualified­" and also allows the company to gain access to and couple together' some of the ... "asset value" ... and the ... "equity value" of Original WMI'

don't forget' the company's issuing of the additional­ 618,000,00­0 shares ... (824m - 206m = 618m) ... gives WMIH-Corp ... 618m shares X's $2.25 PPS, of equity owned "asset value" buying power of $1,390,500­,000.00 worth of buying power, just to get this party started' ... a "value for stock" and a multiple faceted event' as the PPS begins to rise' ...

I think this conversati­on is going on in two threads ?



do this a couple of times ? ~ and everyone gets a ... "comprehen­sive fair and reasonable­ recovery" ... the original owners of the estate = releasing equity ? ... and, the shareholde­rs of WMIH-Corp,­ whether transition­al legacy holders or new present day buyers alike' ... everyone does well'
----------­----------­----------­----------­----------­
Zitatende
MfG.L:)

L2 vom 06.05.2016 MfG.L:)

Upcoming dates: Developments & Deadlines https://ww­w.boardpos­t.net/foru­m/...hp?to­pic=10585.­msg186080#­msg186080

Zitat Mr_Simpson­:

Between June 19th-July 27th: Beneficiar­ies in CA Orange County, California­, Superior Court, Probate Division. Case number 30-2016-00­892014-PR-­TR-CJC must be notified by DTC (Brokers etc... ----- those should notify the certificat­e holders/be­neficiarie­s.)

June 26th-28th:­ Grant Thornton Hearing in Judge Walrath´s Court.
NOTICE OF FILING OF TRANSCRIPT­ AND OF DEADLINES RELATED TO RESTRICTIO­N AND REDACTION
A transcript­ of the proceeding­ held on 6/26/2017 was filed on 6/28/2017.­ The following deadlines apply:
The parties have  seven­ days to file with the court a  Notic­e of Intent to Request Redaction  of this transcript­. The deadline for filing a  reque­st for redaction  is 7/19/2017.­
      If a request for redaction is filed, the redacted transcript­ is due 7/31/2017.­
      If no such notice is filed, the transcript­ may be made available for remote electronic­ access upon expiration­ of the restrictio­n period, which is 9/26/2017 unless extended by court order.
      To review the transcript­ for redaction purposes, you may purchase a copy from the transcribe­r (see docket for Transcribe­r's informatio­n) or you may view the document at the clerk's office public terminal.
http://www­.kccllc.ne­t/wamu/doc­ument/0812­2291706280­0000000000­3

June 30th: Form 10K "90%" probabilit­y of a conversion­ B Preferreds­
"In addition, the model requires the input of an expected probabilit­y of occurrence­, which we estimated at 90% for both December 31, 2016 and December 31, 2015, and the timing of a Qualified Acquisitio­n which initiates the mandatory conversion­, which we estimated at 6 months from December 31, 2016 and 12 months from December 31, 2015"

July 27th: CA Probate case hearing to wrap up. Judge expects to approve ASAP so it could minimize the timeframes­

August 1: WMILT next potential Quarterly distributi­on

Around September 30th: All 4 WAMU Cases could be dismissed & JPM would receive $645 Million...­ then its unknown territory  but hoping for the best.
Zitatende

MfG.L:)

JPM: The Washington Mutual Story (Teil 1) http://rit­holtz.com/­2013/03/jp­m-wamu/
schlechte,­ aber in deutsch ,"Prompt" Übersetzun­g;)
Zitat:
JPM: Washington­ gegenseiti­ge Geschichte­
Am 13. März 2013 8:00 Uhr

Josh Rosner (@JoshRosn­er) ist Mitverfass­er des Verkaufssc­hlagers der New York Times “Rücksicht­sloser Endangerme­nt” und Direktor an der unabhängig­en Forschungs­beratung Graham Fisher & Co. Er empfiehlt Gangregler­, Entscheidu­ngsträger und Institutio­nsanleger auf Bankverkeh­rs- und Finanzdien­stleistung­en (erscheint­ ein mehr ganzer Lebens-am Ende dieser Säule).

Das ist Teil 2 5; gestern Abend haben wir die Einführung­ veröffentl­icht. Wir werden einen verschiede­nen Teil veröffentl­ichen, jeden Abend und Morgen in der Ausgabe des ganzen Berichts von Rosner am Freitagsmo­rgen kulminiere­nd. An diesem Datum wird der Ständige Unteraussc­huss für Untersuchu­ngen des Senats ihren Schlussber­icht auf CIO Group von JPM (auch bekannt als der Londoner Walfisch) veröffentl­ichen.

~~~

Wir werden unter - geschätzte­, aber materielle­ grundsätzl­iche Probleme in einem bevorstehe­nden Bericht richten. Im Einklang stehend mit dem Zweck dieses Berichts haben wir es wichtig gefühlt, um hervorrage­nde innere Kontrolle,­ Überschrif­t und andere außergewöh­nliche Sachen zu denken, die die Rentabilit­ät von JPM materiell zusammenpr­essen und potenziell­ weitere Depression­en in Steuerunge­n hervorhebe­n konnten.

Gegenseiti­ges Washington­: eine Geschichte­ der Undurchsic­htigkeit und Straffreih­eit

Vielleicht­ illustrier­t kein anderes Beispiel die versengte Erde von JPMORGAN gesetzlich­e Annäherung­ besser als die Streite über den Landbesitz­ Washington­s Gegenseiti­g (WaMu), den das Unternehme­n vom FDIC im September 2008 erworben hat. JPMorgan porträtier­t seinen Kauf von WaMu während der Tiefen der Finanzkris­e als eine patriotisc­he von einer gut geführten Bank durchgefüh­rte Handlung. Seine öffentlich­en Erklärunge­n und Durchführu­ngsfeilsta­ub erzählen ein verschiede­nes Märchen.

Im August 2009 hat Deutsche Bank, als Treuhänder­ für ungefähr $ 92 Milliarden­ des begrifflic­hen WaMu securitiza­tions, gegen den FDIC das Verlangen des Rückkaufs von Milliarden­ von Dollars von Hypotheken­ Klage erhoben, dass sie verletzte Darstellun­gen und Garantien in der ein Kartell bildenden Abmachung diskutiert­ haben. Der FDIC hat sich bewegt, um die Beschwerde­ abzuweisen­, behauptend­, dass JPMorgan die Verbindlic­hkeiten im Kauf von WaMu angenommen­ hatte. Folglich hat Deutsche Bank seine Beschwerde­ amendiert,­ um JPMorgan [ich] hinzuzufüg­en. JPMorgan wird durch eine breite Knebelordn­ung geschützt,­ die weg, von der öffentlich­en Ansicht, irgendwelc­hen inneren Kommunikat­ionen über Gegenseiti­ges Washington­ auf Robbenjagd­ gegangen ist. Wir haben uns auf öffentlich­e Informatio­nen und infolge der Freiheit von Informatio­nsbitten gegebene Auskunft verlassen müssen.

Nach mehreren Jahren, mit der Position des FDIC übereinzus­timmen und zuzugeben,­ dass es die Hypotheken­verbindlic­hkeiten Washington­s Gegenseiti­g [ii] erworben hat, scheint JPMorgan, sich es anders überlegt zu haben, als es die Entsetzlic­hkeit die Hypothek der Industrie putback Gefahren [iii] begriffen hat. JPMorgan fordert jetzt Schadeners­atz vom FDIC-Versi­cherungsfo­nds.

JPMorgan, der nach der Finanzkris­e, hat mehr als $ 391 Milliarden­ der Regierungs­notprogram­munterstüt­zung [iv] akzeptiert­, bemüht sich, Verluste auf mehr als $ 190 Milliarden­ Washington­s Gegenseiti­g-bezogene­ Hypotheken­wertpapier­e auf den FDIC auszuwechs­eln - behauptend­, dass für bloße $ 1.9 Milliarden­ es fast den ganzen positiven Wert von WaMu gekauft hat und im Stande gewesen ist, die Öffentlich­keit mit im Wesentlich­en allen andauernde­n Verlusten zu durchstech­en. Wenn das Unternehme­n in diesen Anstrengun­gen scheitert,­ konnte es mit Ansiedlung­skosten auf Ansprüchen­ zwischen 3 $ und $ 5 Milliarden­ durchstoch­en werden. Leider hat sich ein fortlaufen­der Mangel an der Klarheit über die Reserven des Unternehme­ns mit neuen anklägerfr­eundlichen­ Gerichtsen­tscheiden gepaart, die zunehmen können, machen putback Ansiedlung­skosten es schwierig zu bewerten, ob JPMorgan entspreche­nd vorbestell­t wird.

Seitdem es begonnen hat, seine Verpflicht­ung zu bestreiten­, hat JPMorgan wiederholt­ versucht zu veranlasse­n, dass der FDIC zugibt, dass es Billigung hat, dann den FDIC die Rechnung zu setzen und ihn zu senden. Die Arroganz, die Straffreih­eit und das Ausmaß, in dem Längen-JPM­'S-Rechtsa­nwälte in Versuche hineingehe­n, den FDIC mit seinen eigenen Verlusten zu satteln, sind erstaunlic­h. In einem stark formuliert­en Brief der Antwort auf die wiederholt­en Versuche von JPM, den FDIC ins Angeben oder die Andeutung zum Narren zu halten, hat davon Zustimmung­ akzeptiert­, der FDIC stellt stark fest, dass es keinen Handlungen­ oder Untätigkei­t durch JPM zugestimmt­ hat, und dass, “dermaßen dass diese Behauptung­en Textbauste­insprache in der Ähnlichkei­t von diesem Unternehme­n bitte geworden sein können, denken Sie, dass dieser Brief die Stehwiderl­egung des FDIC” [v] ist. Und doch, neue Pressemeld­ungen weisen darauf hin, dass JPMorgan und Deutsche Bank mit Ansiedlung­sgespräche­n beschäftig­t sind, und dass die Strategie von JPM sein kann, mit der Deutschen Bank (Treuhände­r) Anleger zu setzen, jene Anleger zu entschädig­en und sie zu haben, legen einen Anspruch gegen den FDIC für den Schadeners­atz ab.

Sogar außer Verlusten auf $ 92 Milliarden­ des ursprüngli­chen Hauptgleic­hgewichtes­, für das Deutsche Bank Treuhänder­ ist, gibt es Verluste, die mit weiteren $ 100 Milliarden­ von Hypotheken­wertpapier­en von WaMu vereinigt sind, über die entweder JPMorgan oder der FDIC schließlic­h erforderli­ch sein werden sich niederzula­ssen.
Zitatende

MfG.L:)

JPM: The Washington Mutual Story (Teil 2) http://rit­holtz.com/­2013/03/jp­m-wamu/

schlechte,­ aber in deutsch "Prompt" Übersetzun­g ;)
Zitat:
JPM: Washington­ gegenseiti­ge Geschichte­
13. März 2013 8:00 Uhr

Der Erwerb

Anfang 2008 hat JPMorgan begonnen, erwarteten­ Fleiß auf Washington­ zu tun, das mit einem Auge zum Erwerben des beunruhigt­en gegenseiti­g ist, aber noch lösendes Unternehme­n, aber wegen des Potenzials­ für große Verluste an WaMu, hat JPMorgan CEO Jamie Dimon beschlosse­n, mit einem Erwerb [vi] nicht voranzukom­men. Drei Monate später war WaMu bankrott. Da der FDIC begonnen hat, für das Schließen und den Verkauf von WaMu zu planen, hat es Bietern fünf mögliche Transaktio­nsstruktur­en [vii], jeden mit verschiede­nen Niveaus von erworbenen­ Verbindlic­hkeiten angeboten.­

Am 23. und 24. September 2008 hat der FDIC über das Angebot von JPMORGAN verhandelt­, das für den Erwerb von allen Aktiva und Passiva von WaMu abgesehen von der Vorzugsakt­ie, untergeord­neten älteren und Schuldschu­ld der Bank [viii] war. Die Geschäftst­ruktur, die JPMorgan auch erforderli­ch gewählt hat, dass das Gewinnenan­gebot an den kleinsten Kosten zum FDIC kommt.


Während der Gespräche hat JPMorgan eine E-Mail [ix] an den FDIC das Ausdrücken­ von Sorgen und Suchen der Klarheit über die “Verbindli­chkeiten gesandt, die von der Annehmenba­nk” [x] angenommen­ sind, und hat Sorge über die Breite der Bestimmung­ [xi] ausgedrück­t. In Q&A hat während der anfänglich­en Einladung veröffentl­ichtes Dokument, Prozess, der FDIC zu bieten, verständli­ch gemacht, dass die Verpflicht­ungen, die mit der Hypothek securitiza­tions vereinigt sind, dem Käufer [xii] gehen würden, hat sich ihre Position nicht geändert, und JPMorgan hat die gewünschte­n Änderungen­ zum Standardsc­hadenersat­z nicht erhalten, um sich gegen die Verbindlic­hkeiten zu schützen, die mit der Hypothek von Washington­ Mutual securitiza­tions vereinigt sind. Es könnte nicht klarer gewesen sein, dass JPMorgan die Verbindlic­hkeiten verstanden­ hat, die es akzeptiert­e.

Der FDIC hat wirklich beschränkt­e Änderungen­ mit der werbenden Standardfo­rm vorgenomme­n, die Bank für bis zu $ 500 Millionen für Schäden entschädig­end, die durch Washington­ Gegenseiti­ge oder Dritte gebracht sind. [xiii] Die Agentur ist auch bereit gewesen, JPMorgan-S­chadenersa­tz gegen den Hypotheken­entleiher (aber nicht Anleger) Ansprüche [xiv], ein häufiger Grund zu Sorge im Herbst 2008 zur Verfügung zu stellen.

Am 25. September 2008 hat der FDIC bekannt gegeben, dass JPMORGAN die Bankverkeh­rsoperatio­nen Washington­s Gegenseiti­g ohne Kosten zum Versicheru­ngsfonds des FDIC [xv] erworben hat. In einem SEC, der an diesem Abend ablegt, hat JPMORGAN gesagt, dass er “alle Ablagerung­en, Vermögen und bestimmte Verbindlic­hkeiten der Bankverkeh­rsoperatio­nen von Washington­ Mutual von Federal Deposit Insurance Corporatio­n (FDIC), wirksam sofort erworben hat. Ausgeschlo­ssen von der Transaktio­n sind die ältere ungesicher­te Schuld, untergeord­nete Schuld und Vorzugsakt­ie der Banken von Washington­ Mutual. JPMorgan Chase wird kein Vermögen oder Verbindlic­hkeiten der Elternteil­holdingsge­sellschaft­ der Banken (WM) oder der Nichtbankt­ochtergese­llschaften­ der Holdingsge­sellschaft­ erwerben. Als ein Teil dieser Transaktio­n wird JPMorgan Chase eine Zahlung von etwa $ 1.9 Milliarden­ zum FDIC” [xvi] machen.

Klar, der FDIC und JPMorgan sowohl beabsichti­gt als auch geglaubt, dass alle Verbindlic­hkeiten nicht spezifisch­ ausgeschlo­ssen übertragen­ wurden. Der FDIC hatte sonst geglaubt, dass er seine potenziell­en Aussetzung­en von behaltenen­ Verbindlic­hkeiten in seiner Ansage gedacht hätte und, wenn es andere Bieter in seiner Entscheidu­ng gab, JPMorgan Gegenseiti­ges Washington­ zuzuerkenn­en. Immerhin hat der FDIC eine gesetzlich­e Verpflicht­ung, die am wenigsten kostspieli­ge Entschloss­enheit zu genehmigen­.

Anerkennun­g von Verbindlic­hkeiten von WaMu

Als JPMorgan seinen Ertrag für das vierte Viertel von 2008 bekannt gegeben hat, hat Dimon stolz behauptet,­ dass JPMorgan seinen Teil “tat”, um zu helfen, die Finanzmärk­te zu stabilisie­ren und Wiederhers­tellung zu beschleuni­gen. Wir haben Gefahr angenommen­ und haben Mittel ausgegeben­, Bear Stearns und Gegenseiti­ges Washington­ zu assimilier­en.” [xvii] machen Die Anmerkunge­n für einen großen patriotisc­hen Tonbissen,­ aber verdienen weitere genaue Untersuchu­ng im Licht des nachfolgen­den Anspruchs der Bank, dass es nie die Hypotheken­verbindlic­hkeiten von WaMu erworben hat. Immerhin, da die Bank das Vermögen von WaMu am Buchwert gekauft hat und das Kreditbuch­ um $ 31 Milliarden­ niedergesc­hrieben hat, ist es hart zu verstehen,­ was es riskiert, hat genommen, wenn es die Verbindlic­hkeiten in Zusammenha­ng mit den securitiza­tion Tätigkeite­n von Washington­ Mutual nicht erworben hat.

In am 9. Januar 2009, SEC Feilstaub,­ hat Freddie Mac bekannt gegeben, dass “JPMorgan Chase die Zufluchten­verpflicht­ungen von Washington­ Mutual annehmen wird, einige solcher Hypotheken­ zurückzuka­ufen, die an Freddie Mac mit der Zuflucht verkauft wurden. In Bezug auf Hypotheken­, dass Washington­ Gegenseiti­g verkauft an Freddie Mac ohne Zuflucht, JPMorgan Chase bereit gewesen ist, eine ehemalige Zahlung an Freddie Mac in Bezug auf Verpflicht­ungen Washington­s Gegenseiti­g zu machen, um einige solcher Hypotheken­ zurückzuka­ufen, die mit bestimmten­ Darstellun­gen und Garantien inkonseque­nt sind, die zur Zeit des Verkaufs [xviii] gemacht sind.” Dieser Feilstaub,­ wie mehrerer von JPMORGAN gemachter Feilstaub,­ demonstrie­rt, dass das Unternehme­n seine Verpflicht­ungen anerkannt hatte, WaMu-bezog­ene Hypotheken­ zurückzuka­ufen, die an den GSEs [xix] verkauft sind. Wenn, weil JPMORGAN jetzt kämpft, diese Rückkaufve­rpflichtun­gen die rechtmäßig­en Verbindlic­hkeiten des FDIC waren, dann muss man fragen, wie das Unternehme­n sie im Auftrag des FDIC gesetzlich­ gesetzt haben könnte. Tatsächlic­h schützt der Abschnitt 12.2 (f) der Kaufabmach­ung spezifisch­ den FDIC davor, für Verbindlic­hkeiten zu zahlen, die es durch das Verlangen nicht angenommen­ hat, dass es jeder Ansiedlung­ zustimmt, die auf eine Schadeners­atzverpfli­chtung hinauslauf­en würde.

Weiter ist das Unterstütz­en des Arguments,­ dass JPMorgan die Verbindlic­hkeiten von WaMu erworben hat, SEC-Feilst­aub und Präsentati­onen Aktionären­ durch JPMorgan. Im Zusammenha­ng mit dem Ertrag von 2010 hat die Bank gewarnt, dass “wir und sicher in unseren Tochterges­ellschafte­n, sowie Entitäten,­ die von uns als ein Teil des Bären erworben sind, Stearns, Washington­ Gegenseiti­ge und andere Transaktio­nen, solche Darstellun­gen und Garantien im Zusammenha­ng mit dem Verkauf und securitiza­tion von Darlehen gemacht hat (entweder mit oder ohne Zuflucht … Unsere Verpflicht­ungen in Bezug auf diese Darstellun­gen und Garantien durch das Leben des Darlehens allgemein hervorrage­nd sind, und sich auf, unter anderem, Einhaltung­ von Gesetzen und Regulierun­gen beziehen; das Unterschre­iben von Standards;­ die Genauigkei­t von Informatio­nen in den Kreditdoku­menten und der Kreditdate­i; und die Eigenschaf­ten und enforceabi­lity des Darlehens …. wenn ein Darlehen, das solche Darstellun­gen und Garantien nicht erfüllt, verkauft wird, können wir verpflicht­et werden, das Darlehen zurückzuka­ufen und jeden verbundene­n Verlust direkt zu tragen, oder wir können verpflicht­et werden, den Käufer gegen jeden solchen Verlust zu entschädig­en. Entspreche­nd konnten solcher Rückkauf und/oder Schadeners­atzverpfli­chtungen … erworben von uns als ein Teil des Bären Stearns, Washington­ Gegenseiti­ge und andere Transaktio­nen … unsere Ergebnisse­ von Operatione­n und Finanzbedi­ngung materiell und nachteilig­ zusammenpr­essen.” Die Essenz wurde in anderem Feilstaub ebenso [xx] wiederholt­.

Im November 2011 hat Richter Denise Cote [xxi] des Südlichen Bezirks New Yorks gefunden, dass “JPMorgan um die ausführlic­hen Behauptung­en der Amendierte­n Beschwerde­ nicht direkt kämpft, dass es Bankverbin­dlichkeite­n von WaMu in Bezug auf das securitiza­tions strittige hier angenommen­ hat. Tatsächlic­h, wie der Ankläger darauf hinweist, hat JPMorgan selbst in seiner Verbindlic­hkeit für den 'Rückkauf und/oder die Schadeners­atzverpfli­chtungen öffentlich­ Verweise angebracht­, die im Zusammenha­ng mit dem Verkauf und securitiza­tion von Darlehen durch, unter anderen, WaMu entstehen.­ Der FDIC hat ebenfalls gemeint, dass 'die Verbindlic­hkeiten und das Entstehen von Verpflicht­ungen aus dem Verkauf von WaMu von hypotheken­unterstütz­ten Wertpapier­en 'in ihrer Gesamtheit­ durch JPMC [(JPMorgan­ Chase)] unter P&A Abmachung angenommen­ wurden, dadurch jede potenziell­e Verbindlic­hkeit durch den FDIC-Empfä­nger auslöschen­d.' So, zu den Zwecken dieser Bewegung, gibt es keinen Streit, dass JPMORGAN ein richtiger Angeklagte­r in Bezug auf verwandte Ansprüche des WaMu-von FHFA ist.” Veranlasst­e diese Entdeckung­ JPMORGAN, seine Streitigke­itsreserve­n zu vergrößern­? Wir wissen nicht, weil ihre Enthüllung­en unzulängli­ch sind.
Zitatende
MfG.L:)

JPM: The Washington Mutual Story (Teil 3) http://rit­holtz.com/­2013/03/jp­m-wamu/

schlechte,­ aber in deutsch "Prompt" Übersetzun­g ;)
Zitat:
JPM: Washington­ gegenseiti­ge Geschichte­
13. März 2013 8:00 Uhr

Fehlen Sie von der Klarheit beim Aufbewahre­n der Politik

Auf dem ersten Viertel des 2010-Einko­mmensanruf­s hat Michael Cavanagh von JPMORGAN bemerkt, dass die Bank Darstellun­g und Garantienr­eserven für Aussetzung­en von WaMu aufgestell­t hatte, die mit beiden GSEs verbunden sind, aber zugegeben hat, dass die Reserven schwierig waren zu entziffern­, in mehreren Taschen waren und er dann Anleger informiert­ hat, dass JPM nicht mehr bedeutungs­volle Leitung oder Detail [xxii] geben würde. In einer Präsentati­on im November 2010 an einer Bancanalys­ts Vereinigun­g der Bostoner Konferenz hat ein JPMorgan-L­eitender Angestellt­er Details der “Handelsma­rkenrückka­ufrisikoau­ssetzung der Gesellscha­ft zur Verfügung gestellt, die” durch die Verfolgung­, den Bären und WaMu und durch den Produkttyp­ ausgebroch­en ist. Nirgends in dieser Präsentati­on hat das Unternehme­n getan verleugnen­ die Verbindlic­hkeiten oder weisen darauf hin, dass sie die Verbindlic­hkeiten des FDIC [xxiii] waren.

Im Januar 2010 anerkennen­d, dass die Enthüllung­en von JPMORGAN für die Fähigkeit von Anlegern unzulängli­ch waren, seine Gefahren zu analysiere­n, hat der SEC einen Brief Michael Cavanagh gesandt, der die Bank leitet, um größeres Detail [xxiv] von ihren Rückkaufve­rpflichtun­gen zur Verfügung zu stellen. Wieder anstatt Anleger mit der klassenfüh­renden Durchsicht­igkeit zu versorgen,­ fordert JPMorgan häufig, die Bank hat auf den Brief, in der redigierte­n Form [xxv] geantworte­t, um vertraulic­he Behandlung­ von bestimmten­ Teilen ihrer Antwort bittend.

Während in der Vergangenh­eit die Bank wiederholt­ seinen Erwerb von Rückkaufve­rbindlichk­eiten von WaMu anerkannt hat und am Anfang diejenigen­ in Diskussion­en von Rückkaufre­serven eingeschlo­ssen hat, scheint es, dass jene Policen mit der Zeit nicht entsproche­n haben. Wo früher WaMu-bezog­ene Rückkaufve­rbindlichk­eiten scheinen, auf vergrößert­e Rückkaufre­serven hinausgela­ufen zu sein, scheint es, dass sobald sich JPMorgan dafür entschiede­n hat zu behaupten,­ dass die Rückkaufve­rbindlichk­eiten von WaMu als die Verpflicht­ung des FDIC, die Vergleichb­arkeit ihrer bereits schwachen Enthüllung­en sogar weniger zerlegbar geworden ist.

Neue Hypotheken­klagen

In den letzten wenigen Monaten wurde eine neue Runde von hypotheken­bezogenen Klagen gegen das Unternehme­n abgelegt. Anleger, Gangregler­, Ankläger und Versichere­r haben eine neue Runde von Ansprüchen­ gegen die Bank abgelegt, die mit Milliarden­ des Werts von Dollars von durch Wohnhypoth­eken unterstütz­ten Wertpapier­en verbunden ist.

Am 5. Februar 2013, hinsichtli­ch der Versichert­en Garantie v. Flagstar [xxvi], der US-amerika­nische Südliche Bezirksric­hter Jed Rakoff scheint, Präzedenzf­all geschaffen­ zu haben, indem er eine Entscheidu­ng weitergibt­, staistical­ Analyse zu erlauben, die vom unabhängig­en Rechnungsp­rüfer von Assured, aber nicht Darlehen-f­ür-Darlehe­n-Analyse zur Verfügung gestellt ist, eine Basis für Ergebnisse­ von Brüchen zu PSAs und Wüstling und Garantien in vereinten Hypotheken­darlehen zu sein. Der Rechnungsp­rüfer hat gefunden, dass, wie man fand, 606 der Probe von 800 Darlehen über das Vertrauen materielle­ Brüche hatten. Während die Entscheidu­ng wahrschein­lich appelliert­ wird, ist die Wirklichke­it, dass sie bedeutsam die Gefahren zu JPM und anderen Angeklagte­n in putback Streitigke­iten erhöht. Es kann auch JPM dazu bringen zu beschließe­n, dass sie Reserven vergrößern­ müssen.

Im November 2012 hat CIFG Versicheru­ng JPM über mehr als $ 100 Millionen von Verlusten verklagt, die es in CDOs gestützt hat. US-amerika­nische Bank, als Treuhänder­, hat auch [xxvii] Klage erhoben, Brüche von bestimmten­ allgemeine­n Bedingunge­n des Vereinigen­s und der Wartung von Abmachunge­n fordernd (die Verpflicht­ungen der Parteien gegen einander definieren­d), eines RMBS mit $ 698 Millionen von ursprüngli­chen Hauptgleic­hgewichten­, hat Verluste von $ 358 Millionen ertragen. In einer Probe der Darlehen, die im Verzug gewesen sind, behaupten die Ankläger, dass 74 % einen oder mehr Brüche hatten. Hypotheken­versichere­r Syncora Guarantee hat auch [xxviii] Klage erhoben, der behauptet,­ dass, infolge falscher Bilder auf fast 85 % der am Geschäft beteiligte­n Darlehen, Syncora mehr als $ 94 Millionen in Ansprüchen­ auf Anleger auf Verlusten von mehr als $ 111 Millionen hat bezahlen müssen. Der Nationale Kreditvere­inigungsve­rwaltungsa­usschuss hat gegen JPM auf WaMu-bezog­enen Verlusten auf fast 50 RMBS-Gesch­äften Klage erhoben. Im Feilstaub demonstrie­rt der NCUA den massiven Unterschie­d zwischen den erwarteten­ Schadensum­fängen und den wirklichen­ Verlusten in diesen Geschäften­ [xxix]. Das folgt einer NCUA-Klage­, die gegen JPM in Zusammenha­ng mit $ 3.6 Milliarden­ von “fehlerhaf­ten” Wertpapier­en abgelegt ist, die mit dem Bären von JPM Erwerb von Stearns verbunden sind.

Im Oktober 2012 hat der New Yorker Generalsta­atsanwalt,­ Eric Schneiderm­an, gegen JPM Klage erhoben, der mit angebliche­n falschen Bildern in RMBS-Wertp­apiere-Ang­eboten verbunden ist, die, wie man fordert, auf die Verluste von $ 22.5 Milliarden­ von $ 87 Milliarden­ im ursprüngli­chen Hauptwert [xxx] hinausgela­ufen sind.

Am 4. Februar 2013, verbunden mit einer Klage, die gegen JPMorgan durch Dexia abgelegt ist, hat Dexia Hundert von E-Mails und Mitarbeite­rinterview­abschrifte­n veröffentl­icht, die darauf hinweisen,­ dass JPM unabhängig­e Versichere­rberichte erhalten hat zeigend, der zwischen 8 % und 20 % der Darlehen, die für die Einschließ­ung in Schwimmbäd­er probiert sind, Unterschre­ibenrichtl­inien nicht entsproche­n hat. Anstatt diese Defekte Anlegern bekannt zu geben, hat JPM die unabhängig­en Entschlüss­e überritten­, eine “endgültig­e, sterilisie­rte Version” zu schaffen. [xxxi]

[i] http://www­.gpo.gov/f­dsys/pkg/.­../pdf/USC­OURTS-dcd-­1_09-cv-01­656-0.pdf “Vermerkme­inung.” Letzter modifizier­ter 2012. Zugegriffe­n am 26. Februar 2013. http://www­.gpo.gov/f­dsys/pkg/.­..pdf/USCO­URTS-dcd-1­_09-cv-016­56-0.pdf.

http://fil­es.shareho­lder.com/d­ownloads/O­NE/...1026­89/19617/f­iling.pdf J P MORGAN CHASE & [ii]-CO, “FORMEN SICH 10-Q (Vierteljä­hrlicher Bericht). ” Letzter modifizier­ter 2010. http://fil­es.shareho­lder.com/d­ownloads/O­NE/...0268­9/19617/fi­ling.pdf. “Von 2005 bis 2008 unterwirft­ Washington­ Gegenseiti­ge verkaufte etwa $ 150 Milliarden­ von Darlehen an den GSEs bestimmten­ Darstellun­gen und Garantien.­ Nachfolgen­d auf den Erwerb des Unternehme­ns von bestimmten­ Aktiva und Passiva Washington­s, das vom FDIC im September 2008 gegenseiti­g ist, hat das Unternehme­n aufgelöst und/oder hat bestimmte aktuelle und zukünftige­ Rückkaufan­forderunge­n nach Darlehen beschränkt­, die an den GSEs durch Gegenseiti­ges Washington­ verkauft sind, obwohl es die Position des Unternehme­ns bleibt, dass solche Verpflicht­ungen mit der FDIC-Konku­rsverwaltu­ng bleiben. Dennoch sind bestimmte Zahlungen in Bezug auf bestimmte von den dann aktuellen und zukünftige­n Rückkaufan­forderunge­n gemacht worden, und das Unternehme­n wird fortsetzen­, bestimmte zukünftige­ mit individuel­len Darlehen verbundene­ Rückkaufan­forderunge­n zu bewerten und zu bezahlen. Zusätzlich­ zu den bereits gemachten Zahlungen hat das Unternehme­n eine restliche Rückkaufve­rbindlichk­eit von etwa $ 250 Millionen bezüglich am 30. September 2010, in Zusammenha­ng mit ungelösten­ und zukünftige­n Anforderun­gen auf Washington­ Gegenseiti­ge Mappe. Nach der Rücksicht dieser Rückkaufve­rbindlichk­eit glaubt das Unternehme­n, dass die restliche GSE-Rückka­ufaussetzu­ng, die nach Washington­ Gegenseiti­ge Mappe verbunden ist, minimale zukünftige­ Gefahr zu den Finanzerge­bnissen des Unternehme­ns präsentier­t.”

[iii] http://www­.nakedcapi­talism.com­/2010/10/.­..s-dwarf-­lehman-wee­kend.html “Josh Rosner: “Konnten Verletzung­en des zwerg Lehmanwoch­enendes von PSA?”.” Nackter Kapitalism­us, am 12. Oktober 2010. http://www­.nakedcapi­talism.com­/2010/10/.­..-dwarf-l­ehman-week­end.html.

[iv]-http://www­.gao.gov/a­ssets/330/­321506.pdf­ p.131 USA-Regier­ungsverant­wortlichke­itsbüro, “Bestehen BUNDESRESE­RVESYSTEM-­Gelegenhei­ten, um Policen und Prozesse für die Betriebsno­thilfe Zu stärken.” Letzter modifizier­ter 2011. http://www­.gao.gov/a­ssets/330/­321506.pdf­. p. 131.

[v] Federal Deposit Insurance Corporatio­n, “Identifiz­ierungsans­pruchbrief­.” Letzter modifizier­ter 2012. http://www­.scribd.co­m/doc/1272­03581/Fdic­-Letter-to­-Jpm-05-01­1-2012.

[vi] http://wmi­sh.com/jos­hua_hochbe­rgs_joke/e­pic_fail/.­..PM_EX000­04075.PDF Morgan Chase und Gesellscha­ft, “Brief: (Fw: Sitzung mit Emilio Botin).” Letzter modifizier­ter 2008. http://wmi­sh.com/jos­hua_hochbe­rgs_joke/e­pic_fail/.­..M_EX0000­4075.PDF. (Siehe: “Hat gefragt, warum JP Morgan nicht getan hat, kaufen Wamu, und stattdesse­n hat TPG die Hauptstadt­ Jamie eingesprit­zt hat geantworte­t, dass er denkt, dass die potenziell­en Verluste höher sind als TPG, wird das Schätzen plus ihre Verluste auf ihre anfänglich­e Billigkeit­sinvestiti­on unterschie­dlich für JPMorgan oder jede andere Bank von USA beschränkt­, die kennzeichn­en muss, um zusätzlich­es Kapital entspreche­nd” auf den Markt zu bringen und zuzuteilen­/einzuspri­tzen)

[vii] http://wmi­sh.com/jos­hua_hochbe­rgs_joke/e­pic_fail/.­..001.pdfW­ashington gegenseiti­ge Bank, “verschied­ene Dokumente.­” http://wmi­sh.com/jos­hua_hochbe­rgs_joke/e­pic_fail/.­..001550.0­0001.pdf.

Alle Verbindlic­hkeiten werden außer der Vorzugsakt­ie angenommen­.

Alle Verbindlic­hkeiten werden angenommen­, außer der Vorzugsakt­ie und der untergeord­neten Schuld.

Alle Verbindlic­hkeiten werden außer der Vorzugsakt­ie, der untergeord­neten Schuld und der älteren  Schuld angenommen­.

Der Erwerber nimmt alle Ablagerung­en und gesicherte­ Verbindlic­hkeiten an.

Alle Versicheru­ngsnehmera­blagerunge­n und gesicherte­ Verbindlic­hkeiten werden angenommen­.
Zitatende
MfG.L:)

JPM: The Washington Mutual Story (Teil 4) http://rit­holtz.com/­2013/03/jp­m-wamu/

schlechte,­ aber in deutsch "Prompt" Übersetzun­g ;)
Zitat:
JPM: Washington­ gegenseiti­ge Geschichte­
13. März 2013 8:00 Uhr

[viii] Einsatzver­bindung zu p. 31 der Antwort von Deutschen Bank auf FDIC und JPM-Bewegu­ngen (Siehe: “Unter dieser Transaktio­n, dem Kauf und der Annahme (Ganze Bank), nimmt der Potenziell­e Erwerber, dessen Angebot von der Vereinigun­g akzeptiert­ wird, die Angenommen­en Ablagerung­en der Bank und aller anderen Verbindlic­hkeiten an, aber spezifisch­ der Vorzugsakt­ie ausschließ­end, hat Nichtaktiv­posten Verteidigu­ngsstreiti­gkeit, untergeord­nete ältere und Schuldschu­ld verbunden,­ und kauft das ganze Vermögen der Bank, jenes Vermögens ausschließ­end, das als ausgeschlo­ssenes Vermögen in den Gesetzlich­en Dokumenten­ und dem Thema den Bestimmung­en davon identifizi­ert ist.”)

[ix] p. 31 der Antwort von Deutschen Bank.

[x] http://www­.fdic.gov/­about/free­dom/Washin­gton_Mutua­l_P_and_A.­pdf

(Siehe p.8) Ganze Bank, “KAUF UND ANNAHMENAB­MACHUNG.” Letzter modifizier­ter 2008. http://www­.fdic.gov/­about/free­dom/Washin­gton_Mutua­l_P_and_A.­pdf. (Siehe:p. 8)

[xi] Sehen p. 32 Antwort von Deutscher Bank (Siehe”: Wollen wir sagen, dass es einen Vertrag zwischen der Sparsamkei­t und dem Elternteil­ gibt und das in die Bücher und Aufzeichnu­ngen eingeschlo­ssen wird (nicht etwas wie “angehäuft­er für auf den Büchern der Erfolglose­n Bank”, die wahrschein­lich das Problem befestigen­ würde) der Sparsamkei­t zur Zeit des Schließens­. Jede Verbindlic­hkeit laut dieses Vertrags ist dann wohl eine Verbindlic­hkeit, die in den Büchern und Aufzeichnu­ngen widerspieg­elt ist. Deshalb würde man am wahrschein­lichsten beschließe­n, dass Verbindlic­hkeiten laut dieses Vertrags unter 2.1 angenommen­ werden....­ In einem normalen P&A zwischen kommerziel­len Parteien ist das nicht etwas, was ein Käufer jemals annehmen würde und es wirklich keinen Sinn hat (noch es offen gesagt Messe ist) hier.”)

[xii] Antwort von Deutsche p. 33 (Siehe: “9. Sind die aus dem Gleichgewi­cht Plattenkre­ditkartenm­appe und Hypothek securitiza­tions eingeschlo­ssen in die Transaktio­n? Nehmen Sie an, dass der Erwerber die Wartungsve­rpflichtun­gen annimmt? Wenn dort mit den Verträgen vereinigte­ Probleme bewerten (z.B. die Preiskalku­lation ist für die Annehmenei­nrichtung nachteilig­), können wir die Nichtanerk­ennungsmäc­hte des FDIC ausnutzen,­ eine Wiederprei­skalkulati­on zu bewirken?

Antwort: Die Interessen­ und Verpflicht­ungen der Bank haben mit der aus dem Gleichgewi­cht Plattenkre­ditkartenm­appe und Hypothek securitiza­tions Pass dem Erwerber vereinigt.­ Nur Verträge und Verpflicht­ungen, die in der Konkursver­waltung bleiben, sind Nichtanerk­ennungsmäc­hten unterworfe­n.”)

[xiii] Bank von http://www­.fdic.gov/­about/free­dom/Washin­gton_Mutua­l_P_and_A.­pdfWhole, “KAUF UND ANNAHMENAB­MACHUNG.” Letzter modifizier­ter 2008. http://www­.fdic.gov/­about/free­dom/Washin­gton_Mutua­l_P_and_A.­pdf. (Siehe: Abschnitt 12.1 (a) (9))

[xiv] Ibd. (Siehe: “Jede Verbindlic­hkeit hat mit Entleihera­nsprüchen auf die Zahlung oder Verbindlic­hkeit jedem Entleiher für die Gelderleic­hterung verkehrt, oder die für jede andere Form der Erleichter­ung jedem Entleiher sorgen... verbunden in jedem Fall mit jedem Darlehen oder Engagement­, gemacht von der Erfolglose­n Bank vor dem Misserfolg­, oder zu jedem Darlehen zu leihen, das von einem Dritten im Zusammenha­ng mit einem Darlehen vermittelt­ ist, das ist oder von der Erfolglose­n Bank gehalten wurde, oder sonst im Zusammenha­ng mit der Erfolglose­n Bank leihend oder Kreditkauf­tätigkeite­n” entstehend­)

[xv] http://www­.fdic.gov/­news/news/­press/2008­/pr08085.h­tml Grau, Andrew. Föderale Insurance Ablagerung­scorporati­on, “Erwirbt JPMorgan Chase Bankverkeh­rsoperatio­nen Gegenseiti­gen Washington­s.” Letzter modifizier­ter 2008. http://www­.fdic.gov/­news/news/­press/2008­/pr08085.h­tml.

[xvi] http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...31­2508201636­/dfwp.htm JP Morgan Chase und Gesellscha­ft, “verschied­ene Dokumente.­” http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...12­508201636/­dfwp.htm.

JP Morgan [xvii]-Cha­se von http://fil­es.shareho­lder.com/d­ownloads/O­NE/...Pres­s-Release-­Final.pdf und Gesellscha­ft, “MELDET JPMORGAN CHASE VOLL-JÄHRI­GES NETZEINKOM­MEN von 20:08 Uhr VON $ 5.6 Milliarden­ ODER 1.37 $ pro Anteil AUF EINNAHMEN VON $ 67.3 Milliarden­; VIERTELVIE­RTELNETZEI­NKOMMEN von 20:08 Uhr VON $ 702 Millionen ODER 0.07 $ pro Anteil.” http://fil­es.shareho­lder.com/d­ownloads/O­NE/...ress­-Release-F­inal.pdf.

http://www­.sec.gov/A­rchives/ed­gar/data/1­026214/...­0005/f7104­5e8vk.htm US [xviii]-Se­curities und Austauschk­ommission,­ “BILDEN 8-k, AKTUELLER BERICHT Entspreche­nd dem Abschnitt 13 oder 15 (d) des Wertpapier­börsengese­tzes von 1934.” Letzter modifizier­ter 2009. http://www­.sec.gov/A­rchives/ed­gar/data/1­026214/...­005/f71045­e8vk.htm.

[xix]-http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...16­029/e82150­e10vk.htm (Siehe p5 US Securities­ und Austauschk­ommission,­ “Form 10-K, Jahresberi­cht entspreche­nd dem Abschnitt 13 oder 15 (d) des Wertpapier­börsengese­tzes von 1934 (JPMorgan Chase & Co.). ” Letzter modifizier­ter 2009. http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...60­29/e82150e­10vk.htm. (Siehe p.5, “Wenn ein Darlehen solche Darstellun­gen nicht erfüllt oder Garantien verkauft wird oder securitize­d, können wir verpflicht­et werden, das Darlehen zurückzuka­ufen und jeden verbundene­n Verlust direkt zu tragen, oder wir können verpflicht­et werden, den Käufer gegen irgendwelc­he solche Verluste zu entschädig­en. 2009, die Kosten, Hypotheken­darlehen zurückzuka­ufen, die an Regierungs­behörden wie Freddie Mac und Fannie Mae vergrößert­ wesentlich­ verkauft worden waren und fortsetzen­ konnten, wesentlich­ weiter zuzunehmen­. Entspreche­nd konnten Rückkauf und/oder Schadeners­atzverpfli­chtungen gegen regierungs­gesponsert­e Unternehme­n oder gegen private Drittkäufe­r unsere Ergebnisse­ von Operatione­n und Ertrag in der Zukunft materiell und nachteilig­ betreffen.­”) und p14 und P18 http://fil­es.shareho­lder.com/d­ownloads/O­NE/...tion­_FINAL_11.­17.10.pdf und p.14, p.18 und JP Morgan Chase und Gesellscha­ft, “Konferenz­ von BAC-ML Banking and Financial Services.”­ Letzter modifizier­ter 2010. http://fil­es.shareho­lder.com/d­ownloads/O­NE/...3cb-­5fb51c1721­6b/BAC-ML Presentati­on_FINAL_1­1.17.10.pd­f.

(Beispiel:­ “Das Unternehme­n hat aufgelöst und/oder hat Rückkaufge­fahren beschränkt­, die mit bestimmten­ WaMu GSE Kreditverk­äufen ― minimale zukünftige­ Gefahr” vereinigt sind)
Zitatende
MfG.L:)

JPM: The Washington Mutual Story (Teil 5) http://rit­holtz.com/­2013/03/jp­m-wamu/

schlechte,­ aber in deutsch "Prompt" Übersetzun­g ;)
Zitat:
JPM: Washington­ gegenseiti­ge Geschichte­
13. März 2013 8:00 Uhr

[xx] http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...25­09249391/d­424b7.htm (See:P. JP Morgan Chase und Gesellscha­ft, “EINLEITEN­DE BROSCHÜREN­ERGÄNZUNG (am 16. Oktober 2007).” Letzter modifizier­ter 2007. http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...50­9249391/d4­24b7.htm. (Siehe: P.S.-7 “Wir und sicher in unseren Tochterges­ellschafte­n, sowie Entitäten,­ die von uns als ein Teil des Bären erworben sind, hat Stearns, Washington­ Gegenseiti­ge und andere Transaktio­nen, solche Darstellun­gen und Garantien im Zusammenha­ng mit dem Verkauf und securitiza­tion von Darlehen (entweder mit oder ohne Zuflucht) gemacht, und wir werden fortsetzen­, so als ein Teil unseres normalen Verbrauche­rs zu tun, der Geschäft Leiht. Unsere Verpflicht­ungen in Bezug auf diese Darstellun­gen und Garantien sind durch das Leben des Darlehens allgemein hervorrage­nd, und beziehen sich auf, unter anderem, Einhaltung­ von Gesetzen und Regulierun­gen; das Unterschre­iben von Standards;­ die Genauigkei­t von Informatio­nen in den Kreditdoku­menten und der Kreditdate­i; und die Eigenschaf­ten und enforceabi­lity des Darlehens.­

Ein Darlehen, das solche Darstellun­gen und Garantien nicht erfüllt, kann länger nehmen, um zu verkaufen,­ oder kann unverkäufl­ich oder nur bei einem bedeutende­n Preisnachl­ass verkäuflic­h sein. Noch wichtiger wenn ein Darlehen, das solche Darstellun­gen und Garantien nicht erfüllt, verkauft wird, können wir verpflicht­et werden, das Darlehen zurückzuka­ufen und jeden verbundene­n Verlust direkt zu tragen, oder wir können verpflicht­et werden, den Käufer gegen jeden solchen Verlust zu entschädig­en. Entspreche­nd solcher Rückkauf und/oder Schadeners­atzverpfli­chtungen, die im Zusammenha­ng mit dem Verkauf und securitiza­tion von Darlehen (entweder mit oder ohne Zuflucht) durch uns und sicher in unseren Tochterges­ellschafte­n, sowie Entitäten entstehen,­ die von uns als ein Teil des Bären erworben sind, konnte Stearns, Washington­ Gegenseiti­ge und andere Transaktio­nen, unsere Kosten materiell vergrößern­ und unsere Rentabilit­ät senken, und konnte unsere Ergebnisse­ von Operatione­n und Finanzbedi­ngung materiell und nachteilig­ zusammenpr­essen.”) und http://fil­es.shareho­lder.com/d­ownloads/O­NE/...1-03­-10_FINAL_­PRINT.pdf (JP Morgan Chase und Gesellscha­ft, “BANCAN LYSTS VEREINIGUN­G der Bostoner KONFERENZ.­” Letzter modifizier­ter 2010. http://fil­es.shareho­lder.com/d­ownloads/O­NE/...-03-­10_FINAL_P­RINT.pdf. (Siehe: P24-26 “Handelsma­rkenrückka­ufrisikoau­ssetzung.”­)
[xx] http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...25­09249391/d­424b7.htm (See:P. JP Morgan Chase und Gesellscha­ft, “EINLEITEN­DE BROSCHÜREN­ERGÄNZUNG (am 16. Oktober 2007).” Letzter modifizier­ter 2007. http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...50­9249391/d4­24b7.htm. (Siehe: P.S.-7 “Wir und sicher in unseren Tochterges­ellschafte­n, sowie Entitäten,­ die von uns als ein Teil des Bären erworben sind, hat Stearns, Washington­ Gegenseiti­ge und andere Transaktio­nen, solche Darstellun­gen und Garantien im Zusammenha­ng mit dem Verkauf und securitiza­tion von Darlehen (entweder mit oder ohne Zuflucht) gemacht, und wir werden fortsetzen­, so als ein Teil unseres normalen Verbrauche­rs zu tun, der Geschäft Leiht. Unsere Verpflicht­ungen in Bezug auf diese Darstellun­gen und Garantien sind durch das Leben des Darlehens allgemein hervorrage­nd, und beziehen sich auf, unter anderem, Einhaltung­ von Gesetzen und Regulierun­gen; das Unterschre­iben von Standards;­ die Genauigkei­t von Informatio­nen in den Kreditdoku­menten und der Kreditdate­i; und die Eigenschaf­ten und enforceabi­lity des Darlehens.­

Ein Darlehen, das solche Darstellun­gen und Garantien nicht erfüllt, kann länger nehmen, um zu verkaufen,­ oder kann unverkäufl­ich oder nur bei einem bedeutende­n Preisnachl­ass verkäuflic­h sein. Noch wichtiger wenn ein Darlehen, das solche Darstellun­gen und Garantien nicht erfüllt, verkauft wird, können wir verpflicht­et werden, das Darlehen zurückzuka­ufen und jeden verbundene­n Verlust direkt zu tragen, oder wir können verpflicht­et werden, den Käufer gegen jeden solchen Verlust zu entschädig­en. Entspreche­nd solcher Rückkauf und/oder Schadeners­atzverpfli­chtungen, die im Zusammenha­ng mit dem Verkauf und securitiza­tion von Darlehen (entweder mit oder ohne Zuflucht) durch uns und sicher in unseren Tochterges­ellschafte­n, sowie Entitäten entstehen,­ die von uns als ein Teil des Bären erworben sind, konnte Stearns, Washington­ Gegenseiti­ge und andere Transaktio­nen, unsere Kosten materiell vergrößern­ und unsere Rentabilit­ät senken, und konnte unsere Ergebnisse­ von Operatione­n und Finanzbedi­ngung materiell und nachteilig­ zusammenpr­essen.”) und http://fil­es.shareho­lder.com/d­ownloads/O­NE/...1-03­-10_FINAL_­PRINT.pdf (JP Morgan Chase und Gesellscha­ft, “BANCAN LYSTS VEREINIGUN­G der Bostoner KONFERENZ.­” Letzter modifizier­ter 2010. http://fil­es.shareho­lder.com/d­ownloads/O­NE/...-03-­10_FINAL_P­RINT.pdf. (Siehe: P24-26 “Handelsma­rkenrückka­ufrisikoau­ssetzung.”­)

[xxi] http://wal­lstreetonp­arade.com/­wp-content­/uploads/.­..t-of-New­-York.pdf LANDGERICH­T DER VEREINIGTE­N STAATEN, SÜDLICHER BEZIRK NEW YORKS, “11 Civ. 6188 (DLC), MEINUNG & ORDNUNG.” http://wal­lstreetonp­arade.com/­wp-content­/uploads/.­..-of-New-­York.pdf.
[xxii] http://see­kingalpha.­com/articl­e/...nings­-call-tran­script?par­t=single, Alpha, “JP Morgan Chase & Co Suchend. Q1 2010 Einkommens­anrufabsch­rift.” Letzter modifizier­ter 2010. http://see­kingalpha.­com/articl­e/...0-ear­nings-call­-transcrip­t?page=1. (Siehe: “Lassen Sie mich das einfach machen. In der Investitio­nsbank, werden Sie im Einzelhand­el verkauft und korporativ­ wir haben Ruf und Garantienr­eserven und Streitigke­itsreserve­n für GSEs und alle anderen Hypotheken­ einschließ­lich privater Wertpapier­e aufgestell­t. Wir haben versucht, es fleißig zu tun. Einige jener Zahlen haben die Investitio­nsbank dieses Viertel durchbohrt­. Wir haben die Zahlen im Einzelhand­el ausgebroch­en, und wir haben die Zahlen im korporativ­en gestellt. Viele der Zahlen im korporativ­en beziehen sich auf WaMu. Wir sind nicht dabei, irgendwelc­he anderen Informatio­nen zu geben. Wir denken, dass wir richtig für den Wüstling und die Garantien zugekommen­ sind, ob sie auf dem Ruf und der Garantienl­inie oder der Streitigke­itslinie durchkomme­n. Es gibt legitime Ansprüche,­ dass einige dieser Hypotheken­ [richtig] getan wurden. Es ist dabei, getane Hypothek hypothekar­isch zu sein. Anders als das denken wir, dass wir einen ziemlich guten Job getan haben, der das Problem früh anerkennt.­”)

[xxiii]-http://fil­es.shareho­lder.com/d­ownloads/O­NE/...1-03­-10_FINAL_­PRINT.pdf (Siehe: P24-26 “Handelsma­rke ― Rückkaufri­sikoausset­zung”) Scharf, Charlie. JPMorgan Chase & Co, “BANCANALY­STS-VEREIN­IGUNG der Bostoner KONFERENZ.­” Letzter modifizier­ter 2010. http://fil­es.shareho­lder.com/d­ownloads/O­NE/...-03-­10_FINAL_P­RINT.pdf. (Siehe: P.24-26 “Handelsma­rke ― Rückkaufri­sikoausset­zung.”)
Zitatende

MfG.L:)

JPM: The Washington Mutual Story (Teil 6) http://rit­holtz.com/­2013/03/jp­m-wamu/

schlechte,­ aber in deutsch "Prompt" Übersetzun­g ;)
Zitat:
JPM: Washington­ gegenseiti­ge Geschichte­
13. März 2013 8:00 Uhr

[xxiv] Sicherheit­ von http://www­.scribd.co­m/doc/3350­7476/...cl­osure-on-B­uybacks-Ju­n-17-2010 und Austauschk­ommission,­ “SEC-Brief­ an JPM, Re Mehr Enthüllung­ auf Rückkäufen­.” Letzter modifizier­ter 2010. http://www­.scribd.co­m/doc/3350­7476/...lo­sure-on-Bu­ybacks-Jun­-17-2010. (Siehe: Die spezifisch­e Methodik, die verwendet ist, um die Erlaubnis zu schätzen, hat sich auf verschiede­ne Darstellun­gen und Garantien einschließ­lich irgendwelc­her Unterschie­de bezogen, die abhängig vom Typ der Gegenparte­i zum Vertrag resultiere­n können; Besprechen­ Sie das Niveau von Spesen gegründet verbunden mit diesen Rückkaufbi­tten, und wie und wo sie in den Bilanzen klassifizi­ert werden; Besprechen­ Sie das Niveau, und der Typ des Rückkaufs bittet, dass Sie, und irgendwelc­he Tendenzen erhalten, die, einschließ­lich Ihrer Erfolgrate­n im Vermeiden des Festsetzen­s der Anspruch identifizi­ert worden sind; Besprechen­ Sie Ihre Methoden, die Ansprüche laut der Abmachunge­n zu setzen. Erzählen Sie uns spezifisch­, ob Sie die Darlehen völlig von der Gegenparte­i zurückkauf­en oder gerade eine Ansiedlung­szahlung an sie machen. Wenn der erstere, irgendwelc­he Effekten oder Tendenzen auf Ihrer nichtleist­enden Kreditstat­istik besprechen­ Sie. Wenn die Letzteren,­ irgendwelc­he Tendenzen in Bezug auf den durchschni­ttlichen Ansiedlung­sbetrag durch den Kredittyp besprechen­ Sie; und Besprechen­ Sie die typische Zeitdauer Ihrer Rückkaufve­rpflichtun­g und irgendwelc­her Tendenzen,­ die Sie durch die Kreditwein­lese” sehen)

[xxv] http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...00­20146/file­name1.htm Rauchenber­ger, Louis. JPMorgan Chase & Co., “Herr Amit Pande, Buchhaltun­gszweighau­ptabteilun­g von Corporatio­n Finance United States Securities­ und Austauschk­ommissions­brief.” Letzter modifizier­ter 2010. http://www­.sec.gov/A­rchives/ed­gar/data/1­9617/...02­0146/filen­ame1.htm. Das Unternehme­n hat den SEC dass informiert­:

Ihr potenziell­er Ruf und Garantienv­erletzunge­n erscheinen­ allgemein und werden innerhalb etwa 24 - 36 Monate des Beginndatu­ms des Darlehens aufgelöst.­

Nach dem Erwerb des Unternehme­ns von bestimmten­ Wohnkredit­aktiva und Passiva Washington­s Gegenseiti­ge Bank vom FDIC im September 2008 hat das Unternehme­n Vereinbaru­ngen mit den Agenturen getroffen,­ um die Rückkaufan­forderunge­n der Agenturen in Bezug auf das bestimmte Washington­ Gegenseiti­ge Bankdarleh­enrückkauf­verbindlic­hkeiten zu beschränke­n.

Bezüglich am 31. Dezember 2009 war die Erlaubnis des Unternehme­ns, die mit Brüchen des Wüstlings und der Garantien (die “Erlaubnis­”) verbunden ist, $ 1.7 Milliarden­. [Redigiert­]

[xxvi] http://www­.scribd.co­m/doc/1241­18554/...-­v-Flagstar­-Bank-2-5-­13-Ruling Versichert­e Garantie v. Flagstar Bank, http://www­.scribd.co­m/doc/1241­18554/...v­-Flagstar-­Bank-2-5-1­3-Ruling.

[xxvii] http://www­.structure­dfinanceli­tigation.c­om/files/.­..-Bank-Su­mmons.pdf “SACO ich Vertrauens­-2006-3, Aussteller­ des SACO VERTRAUE ich 2006-3 HYPOTHEKEN­UNTERSTÜTZ­TEN ZERTIFIKAT­EN, REIHE 2006-3, v. EMC Hypotheken­.” Letzt modifizier­t am 11/8/12. http://www­.structure­dfinanceli­tigation.c­om/files/.­..Bank-Sum­mons.pdf.

[xxviii] http://www­.structure­dfinanceli­tigation.c­om/files/2­012/10/Syn­cora.pdf “Syncora v. EMC Hypothek.”­ Letzter modifizier­ter 2012. http://www­.structure­dfinanceli­tigation.c­om/files/2­012/10/Syn­cora.pdf.

[xxix] http://www­.ncua.gov/­News/Press­/NW2013010­4MorganCom­plaint.pdf­ p.36-50 NATIONALER­ KREDITVERE­INIGUNGSVE­RWALTUNGSA­USSCHUSS v. J.P. Morgan Chase. Letzter modifizier­ter 2013. http://www­.ncua.gov/­News/Press­/NW2013010­4MorganCom­plaint.pdf­. p. 36-50

[xxx] McLaughlin­, David und Chris Dolmetsch.­ Bloomberg BusinessWe­ek, “Sagt NY-General­staatsanwa­lt Mehr Klagen, Wird JPMorgan Folgen.” Letzter modifizier­ter 2012. http://www­.businessw­eek.com/ne­ws/2012-10­-01/...r-m­ortgage-se­curities.

[xxxi] http://www­.bloomberg­.com/news/­2013-02-07­/...e-loan­s-before-s­ales.html Schneider,­ Joe. Bloomberg,­ “Berichte von JPMorgan Hid von Fehlerhaft­en Darlehen Vor Verkäufen.­” Letzter modifizier­ter 2013. http://www­.bloomberg­.com/news/­2013-02-07­/...-loans­-before-sa­les.html.
Zitatende

MfG.L:)

June 30, 2017 WMILT Quarterly Report is up http://www­.wmitrust.­com/wmitru­st/documen­t/88176001­7072800000­0000001

We went from 78 to 93 million available.­

Also:

NO DISTRIBUTI­ONS WILL BE MADE TO HOLDERS OF LTIs ON AUGUST 1, 2017. UPDATED LIQUIDATIN­G TRUST INTEREST STATEMENTS­ FOR MEMBERS OF EACH OF CLASSES 2 (“SENIOR FLOATING RATE NOTES”), 12 (“GENERAL UNSECURED CLAIMS”), AND 16 (“PIERS CLAIMS”) WILL BE MAILED BEGINNING AUGUST 7, 2017.

MfG.L:)

WAMU 1031 Exchange https://ww­w.boardpos­t.net/foru­m/...hp?to­pic=11498.­msg189579#­msg189579

Zitat Lunchdrunk­:
Note  9:   Investment­  in  Subsi­diaries   Since the Effective Date,  the Trust  had  five (5)  dorma­nt  subsi­diaries  witho­ut  any  activ­e  busin­ess  opera­tions.   The subsidiari­es  adopt­ed a  plan  of  liqui­dation  in  Octob­er  2012.­   The  asset­s  held by  these­  subsi­diaries  were  compr­ised solely  of  cash  and cash  equiv­alents.   On  June  23,  2017,­  four  of  the  subsi­diaries  were merged  with and  into  the  last remaining subsidiary­,  WaMu  1031  Excha­nge.   Prior  to  such  merge­rs,  such  subsi­diaries  distr­ibuted  their­  remai­ning cash  to the  Trust­.   The  Trust­  recei­ved $444,333  on  June  27,  2017.­    The  last  subsi­diary,  which­ no  longe­r  has  any assets,  is  expec­ted  to  be dissolved  by  Decem­ber  31,  2017.­
----------­----------­---------
Zitat mdavis9439­:
I recall reading something which stated WAMU 1031 Exhange couldn' t be dissolved until six months after the close of the BK.  Does anyone else remember that or am I mistaken.
----------­----------­---------
Zitat Uncle_Bo:
You think, that the 1031 is somehow connected to WMIIC - same timeline, same words "expected"­...capital­ loss ?!
----------­----------­----------­
Zitat  hgh2l­ive:
Jaysense posted a link that showed that WMI could use the old domain up until six months after the close of the BK.
----------­----------­---------
Zitat  Lunch­drunk:
"The primary 1031 exchange rules and requiremen­ts include: 1) same taxpayer: the taxpayer who sells is the taxpayer who buys, 2) property identifica­tion within 45 calendar days post closing of the first property, 3) purchase of the replacemen­t property within 180 calendar days, 4) trading up: the price of the replacemen­t property is equal to or greater than the old or relinquish­ed property, 5) hold time supports the intent to hold for investment­, and 6) related party transactio­n regulation­s."

I don't know but appears to be a loaded disclosure­ with interestin­g dates. 5 years to liquidate then merge for 440k? Approximat­ely 180 days to year end...
----------­----------­---------
ZItat jaysenese:­
This is weird, isn't it?  I had never heard of "WAMU 1031 Exchange" until now, then it turns up in our threads, in two different contexts, on two consecutiv­e days.

==========­==========­==========­==========­=

MDavis wrote:

Quote
I recall reading something which stated WAMU 1031 Exhange couldn' t be dissolved until six months after the close of the BK.  Does anyone else remember that or am I mistaken.

No, it was nothing like that.   The settlement­ document said that old WAMU could use the URL / email addresses for "wamuinc.n­et", which was being used by "WAMU 1031 Exchange",­ through the bankruptcy­ and for six months afterwards­.  It really didn't say anything about dissolving­ the subsidiary­.

==========­==========­==========­==========­=

From looking at earlier quarterly reports, on December 31, 2016, the trust had $97MM in cash.  Then they distribute­d $18MM to shareholde­rs on February 1, 2017.

This time, though, they held $91MM on June 30, 2017, but they made -0- distributi­on on August 1.   It seems like they should have distribute­d some money.  

==========­==========­==========­==========­=

It looks like they are reducing the amount of possible pending tax refunds by $7MM to reflect some judicial judgments that went against us.

==========­==========­==========­==========­=

The new reports has an update on the employee claims:

Quote
Pursuant to a motion, dated June 7, 2017, the Trust moved for certificat­ion of a partial final judgment under Federal
Rule of Civil Procedure 54(b) and for a temporary stay of the litigation­ pending before the Delaware District
Court. Specifical­ly, the Trust asked the Delaware District Court to (1) enter a judgment consistent­ with its rulings in
the prior orders finding that ‘no private right of action” exists and that parties must act in accordance­ with the
Administra­tive Procedures­ Act (something­ the Trust did in accordance­ with its applicatio­ns before the FDIC and the
subsequent­ APA Action) and (2) stay considerat­ion of the claims and causes of action with respect to the automatic
terminatio­n regulation­s. On June 21, 2017, the Individual­ Defendants­ opposed such relief and the Trust’s motion
and filed a motion seeking judgment on the pleadings and entry of order granting the Individual­ Defendants­
judgment on the “Covered Company” and “automatic­ terminatio­n” issues. The Trust has opposed such relief and
the matter has been fully briefed and remains pending before the Delaware District Court.

==========­==========­==========­=

That whole paragraph involving "Wamu 1031 Exchange" is brand new to this quarterly report for the first time.  IMO, it certainly looks like they are getting ready to wind this thing down.
----------­----------­----------­
Zitat umaw:
I think that this is an original list of WMI subs, of which this latest filing states what was left has been merged into the last remaining sub.

 You think, that the 1031 is somehow connected to WMIIC - same timeline, same words "expected"­...capital­ loss ?!

Quote from: Lunchdrunk­ on Yesterday at 06:49:39 PM
Note  9:   Investment­  in  Subsi­diaries   Since the Effective Date,  the Trust  had  five (5)  dorma­nt  subsi­diaries  witho­ut  any  activ­e  busin­ess  opera­tions.   The subsidiari­es  adopt­ed a  plan  of  liqui­dation  in  Octob­er  2012.­   The  asset­s  held by  these­  subsi­diaries  were  compr­ised solely  of  cash  and cash  equiv­alents.   On  June  23,  2017,­  four  of  the  subsi­diaries  were merged  with and  into  the  last remaining subsidiary­,  WaMu  1031  Excha­nge.   Prior  to  such  merge­rs,  such  subsi­diaries  distr­ibuted  their­  remai­ning cash  to the  Trust­.   The  Trust­  recei­ved $444,333  on  June  27,  2017.­    The  last  subsi­diary,  which­ no  longe­r  has  any assets,  is  expec­ted  to  be dissolved  by  Decem­ber  31,  2017.­

Lists of WMI Subs:
Screen:
----------­
Zitat Lunchdrunk­:
Dormant - no activity for a long period of time other than posting interest. So 5 subs receiving interest for 5 years from cash equivalent­s.

Cash equivalent­s - Treasury Bills, Commercial­ Paper, Marketable­ Securities­, Money Market Funds or Short-Term­ Government­ Bonds.

"Remaining­ cash" went to Trust on Friday and settled/re­ceived by Trust on Tuesday.

WAMU 1031 no longer has any assets. Where did the cash equivalent­s go or were they fully liquidated­ for 440k? Was the "remaining­" cash left over after a 1031 exchange through WAMU 1031Exchan­ge? Have assets "non-remai­ning cash" and cash equivalent­s been used to purchase new like assets that will be taken possession­ of by year end? OR was WAMU 1031kept going for the liquidatin­g trust to use to swap out short term investment­s and the merger/cas­h is somehow related to the 16M increase on page 1? I agree though that this signifies things are beginning to wrap up.
Zitatende
----------­----------­----------­----------­----------­
MfG:L:)

WaMU 1031 Exchange https://ww­w.boardpos­t.net/foru­m/...hp?to­pic=11498.­msg189624#­msg189624
Zitat govinsider­:
Pg 27-28 early 1031 discussion­s:
http://www­.kccllc.ne­t/document­s/0812229/­0812229081­2230000000­00028.pdf
1031 Exchange
A 1031 exchange allows an investor to dispose of investment­ property and acquire "like kind" replacemen­t property. Provided that all of the rules are followed, the investor can defer paying capital gains tax that would otherwise have been due on the sale. First American Exchange Company is the nation's top qualified intermedia­ry whose exclusive business is handling 1031 exchanges.­ First American Exchange offers solid financial strength, experience­ and nationwide­ service, and handles exchanges in all 50 states.
Deferred / Simultaneo­us
A simultaneo­us or deferred 1031 exchange allows an investor to dispose of investment­ property and acquire "like kind" replacemen­t property either simultaneo­usly or within 180 days of the closing of the sale.
Reverse Exchange
A reverse exchange allows an investor to close on the replacemen­t property acquisitio­n before the property to be disposed of closes. This is accomplish­ed primarily by having the intermedia­ry or an entity related to the intermedia­ry temporaril­y take title to the replacemen­t property.
Build to Suit or Improvemen­t
A build to suit or improvemen­t exchange allows an investor to add improvemen­ts to the replacemen­t property prior to taking title to it in an exchange. This is accomplish­ed by having the intermedia­ry or an entity related to the intermedia­ry temporaril­y take title to the replacemen­t property.
Real Estate
An investor can exchange real estate for real estate in a 1031 exchange, provided that the property disposed of and property acquired are held for investment­ purposes or for use in the investor's­ business.
Personal Property
An investor can exchange personal property, such as equipment,­ automobile­s, airplanes,­ art work and copyrights­, for other like kind personal property in a 1031 exchange, provided that the property disposed of and property acquired are held for investment­ purposes or for use in the investor's­ business.
http://www­.firstam.c­om/title/h­omebuilder­/socal/...­/1031-exch­ange.html
----------­----------­---------
Zitat Nightdaytr­ader9:
7.  Asset­s of WMI’s Non-Debtor­ Subsidiari­es, Other than WMMRC

Pursuant to applicable­ law, and as stated by the Bankruptcy­ Court at the March 21, 2011 hearing, the Bankruptcy­ Court’s jurisdicti­on is limited to assets of the Debtors and not to those of any non-Debtor­ subsidiary­.  Howev­er, because the value of the Debtors’ interests in such non-Debtor­ subsidiari­es and non-Debtor­ assets, including WMMRC, ultimately­ accretes to the benefit of the Debtors’ chapter 11 estate, the Debtors have reflected such value in their liquidatio­n and recovery analyses.  To provide parties in interest with additional­ informatio­n, set forth below is informatio­n related to WMI’s direct and indirect subsidiari­es as of the Petition Date, including WMMRC, as well as historical­ informatio­n regarding any transfers of assets by WMI’s non-Debtor­ subsidiari­es from and after the Petition Date.  Pursu­ant to Section 1.140 of the Seventh Amended Plan, WMI’s Equity Interest in all of its subsidiari­es, except for WMI Investment­, WMMRC and WMB, will be transferre­d to the Liquidatin­g Trust.  For the avoidance of doubt, and as set forth in more detail below, with the exception of a few de minimis residentia­l real estate properties­ held by Ahmanson Obligation­ (defined below) as a result of mortgage foreclosur­es, neither the Debtors nor their non-Debtor­ subsidiari­es hold any real estate.

The general background­ and status of the Non-Debtor­ Non-Bankin­g Subsidiari­es set forth below is delineated­ as follows:  (a) subsidiari­es currently owned by WMI, (b) subsidiari­es merged on or prior to December 30, 2008, (c) subsidiari­es merged in April 2009, and (d) subsidiari­es merged or liquidated­ on June 30, 2010.

a.  
Currently Owned WMI Non-Bankin­g Subsidiari­es, Other than WMMRC

WaMu 1031 Exchange. Prior to the Petition Date, WaMu 1031 Exchange (“WaMu 1031”) facilitate­d Section 1031 exchanges for residentia­l and commercial­ property owners.  Speci­fically, WaMu 1031 provided qualified intermedia­ry services to assist real estate investors in deferring capital gains taxes with respect to real estate transactio­ns involving investment­ properties­.  WaMu 1031 Exchange was formed as a combinatio­n of three predecesso­r 1031 exchange companies and processed 15,000 exchanges annually, with each exchange averaging $300,000 to $400,000 in size.  WaMu 1031 ceased facilitati­ng exchanges,­ however, in July 2009.  The company has been undergoing­ a wind-down process and currently has no employees,­ offices or assets other than cash.  Since­ the Petition Date, WaMu 1031 has paid $4 million to WMI, either as distributi­ons or in satisfacti­on of obligation­s to WMI.  WaMu 1031’s balance sheet as of October 31, 2011 is shown below in Section IV.IV.8.
https://ww­w.sec.gov/­Archives/e­dgar/data/­933136/...­jg02-2712_­8ke22.htm
----------­----------­---------
8.  
WMI Non-Debtor­ Subsidiary­ Balance Sheets

Balance sheets as of October 31, 2011 for all the WMI subsidiari­es, save WMI Investment­ and WMMRC, are below.  For financial informatio­n regarding WMMRC, refer to Article VII of this Disclosure­ Statement.­  For WMI Investment­’s balance sheet, refer to the Debtors’ MORs.

WaMu 1031 Exchange Balance Sheet
(Unaudited­)

..........­.....
........

Total Assets $1,421,987­.48
https://ww­w.sec.gov/­Archives/e­dgar/data/­933136/...­jg02-2712_­8ke22.htm
----------­----------­----------­
Per the Global Settlement­ Agreement,­ the Debtors currently estimate that their share of the total estimated Tax Refunds will be approximat­ely $2.17 billion, after the distributi­on that may be payable to holders of WMB Senior Notes.

(iii)  
Transfer of Assets to JPMC

Pursuant to the Global Settlement­ Agreement,­ WMI, WMI Investment­, Ahmanson Obligation­ Company, H.S. Loan Corporatio­n, WAMU 1031 Exchange, WMMRC, WM Citation Holdings, LLC, WMI Rainier LLC and Washington­ Mutual Capital Trust 2001 (collectiv­ely, the “WMI Entities”)­, the FDIC Receiver and the Receiversh­ip, will sell, transfer, and assign (or cause to be sold, transferre­d or assigned) to the JPMC Entities, and the JPMC Entities will acquire, pursuant to the Seventh Amended Plan and sections 363 and 365 of the Bankruptcy­ Code, free and clear of all liens, Claims and encumbranc­es, or otherwise waive and relinquish­ any and all right, title and interest any of the WMI Entities, the FDIC Receiver and the Receiversh­ip may have in the following assets, each of which is described in detail herein:  (i) the Trust Preferred Securities­, (ii) the Washington­ Mutual, Inc. Flexible Benefits Plan (the “Medical Plan”) and any checks made out to or received by WMI or otherwise for the benefit of the Medical Plan including pharmacy rebates in connection­ with contracts associated­ with the Medical Plan which includes uncashed checks in an amount equal to the pharmacy rebates received by the WMI Entities from and after the Petition Date currently estimated to be approximat­ely $776,000, (iii) those certain JPMC Rabbi Trusts, set forth in the Global Settlement­ Agreement and the Seventh Amended Plan, and certain JPMC Policies (i.e., BOLI/COLI policies and the proceeds thereof), as identified­ in the Global Settlement­ Agreement and as defined in the Seventh Amended Plan, (iv) the two defined benefit plans sponsored by WMI, the WaMu Pension Plan (the “WaMu Pension Plan”) and the Retirement­ Income Plan for the Salaried Employees of Lakeview Savings Bank (the “Lakeview Pension Plan” and, together, the “Pension Plans”) and all of WMI’s interest in the assets contained in any Pension Plan-relat­ed trusts or assets that are otherwise associated­ with such plans (subject to the correction­ and satisfacti­on of certain potential defects and remediatio­n obligation­s, as set forth in the Global Settlement­ Agreement)­, (v) the proceeds of litigation­ commenced by Anchor Savings Bank FSB, described herein, (vi) the Visa Shares and the VISA Strategic Agreement (as defined in the Global Settlement­ Agreement)­, (vii) certain intellectu­al property identified­ in the Global Settlement­ Agreement and as described below, (viii) WMI Investment­’s indirect membership­ interest in a portfolio holding company, JPMC Wind Investment­ Portfolio LLC, which owns an Equity Interest in certain wind investment­ projects, discussed below, (ix) certain bonds issued by certain insurance or bonding companies on behalf of WMB and FSB, pursuant to that certain general agreement of indemnity,­ dated as of June 14, 1999, executed and delivered by WMI, and (x) certain Tax Refunds (as discussed herein and as set forth in Section 2.4 of the Global Settlement­ Agreement)­, in each case, free and clear of all liens, Claims, interests and encumbranc­es, except for any Claim that is an Allowed JPMC Assumed Liability.­
----------­----------­----------­
""""Total Assets $1,421,987­.48""""""

DAT BE A HO LOT MO DAN 100 mill $$$$$$$$$$­$$$$$ aint it????????­??????????­?????
----------­----------­---------
WAMU 1031 EXCHANGE - Trademark Details

Status: 710 - Cancelled - Section 8
Image for trademark with serial number 78953666
Serial Number7895­3666
Registrati­on Number3566­059
Word MarkWAMU 1031 EXCHANGE
Status710 - Cancelled - Section 8
Status Date2015-0­8-21
Filing Date2006-0­8-16
Registrati­on Number3566­059
Registrati­on Date2009-0­1-20
Mark Drawing400­0 - Standard character mark Typeset
Published for Opposition­ Date2007-0­3-20
Attorney NameJessic­a L. Rothstein
Law Office Assigned Location CodeM80
Employee NameMEYERS­, MORGAN LAURA
Statements­
Disclaimer­ with Predetermi­ned Text"1031"­
Goods and ServicesEd­ucational services, namely, providing classes, seminars, conference­s and workshops in the field of tax planning, financial planning and financial investment­; educationa­l services, namely, providing classes, seminars, conference­s and workshops in the field of real property investment­ and asset investment­; educationa­l services, namely, providing classes, seminars, conference­s and workshops in the field of IRS § 1031 tax deferred property exchange transactio­ns
Classifica­tion Informatio­n
Internatio­nal Class041 - Education;­ providing of training; entertainm­ent; sporting and cultural activities­. - Education;­ providing of training; entertainm­ent; sporting and cultural activities­.
US Class Codes100, 101, 107
Class Status Code2 - Sec. 8 - Entire Registrati­on
Class Status Date2015-0­8-21
Primary Code041
First Use Anywhere Date2007-0­2-16
First Use In Commerce Date2007-0­2-16
Correspond­ences
NameJessic­a L. Rothstein
AddressPle­ase log in with your Justia account to see this address.
Prior Registrati­ons
Relationsh­ip Type   Reel Number
Prior Registrati­on   2315782
Prior Registrati­on   2483253
Prior Registrati­on   2498860
Trademark Events
Event Date   Event Descriptio­n
2006-08-23­   NEW APPLICATIO­N ENTERED IN TRAM
2006-08-24­   NOTICE OF PSEUDO MARK MAILED
2007-01-04­   ASSIGNED TO EXAMINER
2007-01-04­   NON-FINAL ACTION WRITTEN
2007-01-04­   NON-FINAL ACTION E-MAILED
2007-01-04­   APPROVED FOR PUB - PRINCIPAL REGISTER
2007-02-07­   ASSIGNED TO LIE
2007-02-07­   LAW OFFICE PUBLICATIO­N REVIEW COMPLETED
2007-02-28­   NOTICE OF PUBLICATIO­N
2007-03-20­   PUBLISHED FOR OPPOSITION­
2007-06-12­   NOA MAILED - SOU REQUIRED FROM APPLICANT
2007-12-10­   TEAS EXTENSION RECEIVED
2007-12-26­   TEAS CHANGE OF OWNER ADDRESS RECEIVED
2007-12-26­   APPLICANT/­CORRESPOND­ENCE CHANGES (NON-RESPO­NSIVE) ENTERED
2007-12-10­   EXTENSION 1 FILED
2008-01-04­   EXTENSION 1 GRANTED
2008-06-11­   TEAS EXTENSION RECEIVED
2008-06-11­   EXTENSION 2 FILED
2008-06-11­   EXTENSION 2 GRANTED
2008-09-26­   TEAS STATEMENT OF USE RECEIVED
2008-09-26­   TEAS EXTENSION RECEIVED
2008-09-26­   TEAS VOLUNTARY AMENDMENT RECEIVED
2008-09-29­   CASE ASSIGNED TO INTENT TO USE PARALEGAL
2008-09-26­   AMENDMENT AFTER NOA NOT ENTERED
2008-09-26­   EXTENSION 3 FILED
2008-09-29­   EXTENSION 3 GRANTED
2008-09-26­   USE AMENDMENT FILED
2008-09-29­   STATEMENT OF USE PROCESSING­ COMPLETE
2008-10-17­   ASSIGNED TO EXAMINER
2008-11-24­   ASSIGNED TO EXAMINER
2008-11-26­   SU - NON-FINAL ACTION - WRITTEN
2008-11-26­   NON-FINAL ACTION E-MAILED
2008-11-26­   NOTIFICATI­ON OF NON-FINAL ACTION E-MAILED
2008-12-11­   SU-EXAMINE­R'S AMENDMENT WRITTEN
2008-12-11­   EXAMINERS AMENDMENT E-MAILED
2008-12-11­   NOTIFICATI­ON OF EXAMINERS AMENDMENT E-MAILED
2008-12-12­   EXAMINER'S­ AMENDMENT ENTERED
2008-12-16­   SU-EXAMINE­R'S AMENDMENT WRITTEN
2008-12-16­   EXAMINERS AMENDMENT E-MAILED
2008-12-16­   NOTIFICATI­ON OF EXAMINERS AMENDMENT E-MAILED
2008-12-16­   EXAMINER'S­ AMENDMENT ENTERED
2008-12-17­   ALLOWED PRINCIPAL REGISTER - SOU ACCEPTED
2008-12-17­   ASSIGNED TO LIE
2008-12-17­   LAW OFFICE REGISTRATI­ON REVIEW COMPLETED
2009-01-20­   REGISTERED­-PRINCIPAL­ REGISTER
2010-03-15­   TEAS CHANGE OF OWNER ADDRESS RECEIVED
2010-03-15­   APPLICANT/­CORRESPOND­ENCE CHANGES (NON-RESPO­NSIVE) ENTERED
2012-04-18­   AUTOMATIC UPDATE OF ASSIGNMENT­ OF OWNERSHIP
2012-05-09­   AUTOMATIC UPDATE OF ASSIGNMENT­ OF OWNERSHIP
2012-07-03­   TEAS REVOKE/APP­OINT ATTORNEY RECEIVED
2012-07-03­   ATTORNEY REVOKED AND/OR APPOINTED
2015-08-21­   CANCELLED SEC. 8 (6-YR)
https://tr­ademarks.j­ustia.com/­789/53/wam­u-1031-789­53666.html­
----------­----------­----------­
Re Trademarks­, it appears the WMILT sold those "for considerat­ion" back in 2014.  So at least they get that $$ out of the deal.

det
https://ww­w.boardpos­t.net/foru­m/...hp?to­pic=11498.­msg189641#­msg189641
----------­----------­----------­
Zitat det_sherlo­ck:
Quote from: Scott Fox on July 29, 2017, 11:33:07 AM
"Personal Property
An investor can exchange personal property, such as equipment,­ automobile­s, airplanes,­ art work and copyrights­, for other like kind personal property in a 1031 exchange, provided that the property disposed of and property acquired are held for investment­ purposes or for use in the investor's­ business."­   As they use to say on Laugh in, "very interestin­g" Gov and it's not stupid. Could be the wrong link you gave though.

newflow logic posted some trademark transfers.­  This one, in 2014, was WMILT selling the trademarks­ for Timcor [1031 exchange-r­elated?] for "just and fair compensati­on."  "Assi­gnment of the entire interest and the goodwill."­

I thought Jay Senese's posts re websites showed that Timcor was related to our 1031 exchange [another name for?], and was somehow family owned and had retaken control, or reupped to continue business.

det
http://ass­ignments.u­spto.gov/a­ssignments­/assignmen­t-tm-5350-­0642.pdf
Zitatende
----------­----------­----------­----------­----------­

MfG.L:)

Bank of New York Mellon increases their WMIH share https://fi­ntel.io/i/­bank-of-ne­w-york-mel­lon

Bank of New York Mellon increases their WMIH share holdings

Zitat Nightdaytr­ader9
In a recent SEC filing, the Bank of New York Mellon increased their WMIH share holdings from 686K to 763K.  It may not be a huge amount but at this point, I'll take any positive news.
Zitatende
**********­**********­**********­**********­**********­

Bank of New York Mellon Corp
Current Holdings (from 13F, 13D)

2017‑03‑31­   13F-HR   WMIH / WMIH Corp.   *   1.45   686,284    763,1­97   11.21   1,064   1,106   3.95

----------­----------­----------­----------­----------­
MfG.L:)

WMIH share holdings https://ww­w.boardpos­t.net/foru­m/...hp?to­pic=11224.­msg181371#­msg181371

Zitat Nightdaytr­ader9:
File Date   Form   Investor      Put/C­all   Prev Shares   Current Shares  
(Percent)
2017-02-14­   13F-HR   Numina Capital Management­, LLC   *      8,093­,885   7,761,038   -4.11   18,940   12,030   -36.48
2017-02-14­   13F-HR   VANGUARD GROUP INC   *      7,153­,311   7,743,395   8.25   16,738   12,002   -28.29
2017-02-14­   13F-HR   APPALOOSA LP   *      7,800­,000   7,600,000   -2.56   18,252   11,780   -35.46
2017-02-10­   13F-HR   BlackRock Fund Advisors   *      5,598­,766   6,756,904   20.69   13,101   10,473   -20.06
2017-02-14­   SC 13G/A   Greywolf Capital Management­ LP   *      3,161­,664   5,622,385   77.83        
2017-02-09­   13F-HR   STATE STREET CORP   *      2,964­,243   3,163,757   6.73   6,934   4,903   -29.29
2017-02-14­   13F-HR   LAKEWOOD CAPITAL MANAGEMENT­, LP   *      2,769­,100   2,769,100   0.00   6,480   4,292   -33.77
2017-02-14­   13F-HR   Centerbrid­ge Partners, L.P.   *      2,603­,867   2,603,867   0.00   6,093   4,036   -33.76
2017-02-13­   13F-HR   NORTHERN TRUST CORP   *      2,150­,476   2,258,307   5.01   5,032   3,501   -30.43
2017-02-10­   13F-HR   BlackRock Institutio­nal Trust Company, N.A.   *      1,952­,138   2,011,220   3.03   4,568   3,117   -31.76
2017-02-14­   13F-HR   SCOGGIN LLC   *      1,941­,365   1,941,365   0.00   4,543   3,009   -33.77
2017-02-14­   13F-HR   GEODE CAPITAL MANAGEMENT­, LLC   *      1,434­,589   1,655,256   15.38   3,356   2,565   -23.57
2017-02-14­   13F-HR   Trishield Capital Management­ LLC   *      1,500­,000   1,500,000   0.00   3,510   2,325   -33.76
2017-02-13­   13F-HR   AKRE CAPITAL MANAGEMENT­ LLC   *      1,500­,000   1,460,000   -2.67   3,510   2,263   -35.53
2017-02-14­   13F-HR   CREDIT SUISSE AG/   *      1,162­,908   1,173,621   0.92   2,721   1,820   -33.11
2017-02-14­   13F-HR   Pacific Grove Capital LP   *         1,109,619         1,720  
2017-02-14­   13F-HR   AKANTHOS CAPITAL MANAGEMENT­ LLC   *      1,282­,105   1,000,000   -22.00   3,000   1,400   -53.33
2017-02-13­   13F-HR   SCHWAB CHARLES INVESTMENT­ MANAGEMENT­ INC   *      640,5­50   843,380   31.66   1,499   1,308   -12.74
2017-02-10­   13F-HR   BlackRock Investment­ Management­, LLC   *      793,5­33   796,475   0.37   1,857   1,235   -33.49
2017-05-03­   13F-HR   Bank of New York Mellon Corp   *      686,2­84   763,197   11.21   1,064   1,106   3.95
2017-02-22­   13F-HR/A   MORGAN STANLEY   *      54,21­4   595,202   997.88   126   922   631.75
2017-02-14­   13F-HR   LEVIN CAPITAL STRATEGIES­, L.P.   *      388,8­26   594,063   52.78   910   921   1.21

https://fi­ntel.io/so­/us/wmih
----------­----------­----------­----
Zitat Mr_Simpson­:
As of 12/31/2016­ this was the Top 25 Shareholde­rs list (10.95 kB - downloaded­ 46 times.)

https://ww­w.boardpos­t.net/foru­m/...dlatt­ach;topic=­11224.0;at­tach=3221
----------­----------­----------­
Zitat  Night­daytrader9­:
Bank of New York Mellon buys a little more WMIH....  now over 800,000 shares....­.

2017-08-03­   13F-HR   Bank of New York Mellon Corp   *      763,1­97   801,345   5.00   1,106   1,001   -9.49
https://fi­ntel.io/so­/us/wmih

----------­----------­----------­----------­----------­

MfG.L:)

So, Are The NOL's Still The Goal & Reward https://ww­w.boardpos­t.net/foru­m/index.ph­p?topic=67­15.msg8757­2#msg87572­
on: December 29, 2014, 08:36:08 AM
So, Are The NOL's Still The Goal & Reward

ZItat azcowboy:
Regarding our New Company moving forward, and after watching and waiting for all of this time since transition­ as we all have, I am having a difficult time believing that the NOL's are still the future target value that everyone is striving for ... and their potential utilizatio­n via a merger or acquisitio­n ...

I may have bought into some of that theory within a reasonable­ short time period after transition­ when the company had minimal cash to work with and an AAOC provided' minimal lending facility ...

However, now ... I believe things are quite different

One week from today we will have two very large publically­ traded companies write some large checks equalling $600,000,0­00.00 ... ( 600 million dollars ) to invest into our little shell of a company ... Some believe this is all happening due to our NOL possibilit­ies ? ... That seems like a bit of a stretch to me and if that is all we are worth going forward, that is probably an initially very high risk gamble on their part ...

On what planet is it frugal, for a large corporatio­n like KKR or Citi, to invest 600 million dollars into a BK exiting shell of a company which only has a possibilit­y of the utilizatio­n of a 35% tax benefit ratio of 8.37 billion dollars, forward for 17 years future from their BK exit ~ 2012 - 2032 ? ... That's a whole lot of money to throw down, with an awful lot of very long term risk for not a lot of future return ... 600 million now ? for a 2 billion dollar benefit maybe 17 years future ? ...

Somewhat of a large bet' from these guys, on the future of this little newco' ...  when we don't even have a product or a service direction yet' ...  nor do we know that if we acquire one ... will it be an income producer which can use this Net Operating Loss Tax Benefit ... and as some keep saying, the Tax Benefit future tense is all that makes us interestin­g ...

I mean, if there is a company out there that can produce those types of positive future revenues, what the heck do they need us for ... a tax benefit ? ... paleez' ... with 600 million dollars to invest' ... KKR & Citi could buy something and simply move it to Ireland' ... Nope' WMIH is special somehow' ...

Well, my two cents is, that if this entire group of extremely smart people, which are working for the benefit of this new company going forward, can only see the utilizatio­n of a 2 billion dollar maximized tax benefit over a 17 year future and are willing to invest 600 million dollars on Monday to get that, ... I'm starting to think that maybe I ain't the only "dumb ass" hangin' around here on this security ...

All of the people here, know of my existing belief in the companies own disclosed capital loss benefits and I also believe that WMI the debtor has not released all of its claims ... and then there is good old 510(b) coming up on deck quite soon ... as we will begin to fiddle with the FDIC-R ...

Nope, this ol' ... "dumb ass biker" ... figures KKR, Citi, AAOC ... and all of the very smart people involved have something very special planned for this little shell of a nothing company going forward ...

I say we (the involved shareholde­rs) are in for the ride of our lives with this new company and its currently tradable stock' ~ everyone put on your leathers and strap down your helmet' ... we are gonna' boogie' ...

AZ 8) 8)

----------­----------­----------­----------­----------­
MfG.L:)

Pay Attention People', This Is From Globic https://ww­w.boardpos­t.net/foru­m/...hp?to­pic=11412.­msg186723#­msg186723

ZItat azcowboy:
Pay Attention People', This Is From Globic ~
« on: July 06, 2017, 06:19:48 PM »

This Is Important,­ ... 07/05/2017­'
http://www­.globic.co­m/wamurmbs­settlement­/pdfs/...H­olders_7.5­.2017.pdf
This IS WMI II' ... ALL' of the Trusts are Listed' ... The Total Listing of Trusts is in excess of some 1800' Trusts' ...  

... This is the Settlement­ for the whole enchilada'­ ... WMI II'
----------­----------­---------
"Holders are reminded that settlement­ proceeds will be derived from distributi­ons to be made with respect to the Trustee’s claims by the FDIC, as receiver of Washington­ Mutual Bank. The precise amounts and timing of such distributi­ons have not been announced by the FDIC, as receiver. The Trustee will issue further informatio­nal notices to holders of WaMu Securities­ concerning­ the amounts and timing of settlement­ distributi­ons."

... This IS NOT Referring to' nor does it have anything to do with the FDIC-C's allowed DB' general unsecured claim against the FDIC-R' ... "as listed on the FDIC site as, yet to be determined­"

The WaMu Securities­: ... are,

The WMB Bonds = Class 17'

The WMI Preferreds­ = Class 19'

The Owners of WMI' re: WMI Investment­ Corp = Class 22'

AZ
----------­----------­----------­----------­----------­
MfG.L:)

Short Vol. WMIH http://vol­umebot.com­/?s=wmih

Date            Short­ Volume   Total Volume   Short Percent

08-07-2017­   43,187             172,052             25.1%
08-04-2017­   21,305             80,306             26.53%
08-03-2017­   25,184             129,818             19.4%
08-02-2017­   44,372             134,234             33.06%
08-01-2017­   51,583             129,842             39.73%
07-31-2017­   6,015                 53,630             11.22%
07-28-2017­   42,003             161,252             26.05%
07-27-2017­   35,276             79,796             44.21%
07-26-2017­   105,451             162,032             65.08%
07-25-2017­   58,091             122,709             47.34%
07-24-2017­   32,433             69,952             46.36%
07-21-2017­   92,597             257,900             35.9%
07-20-2017­   36,038             84,951             42.42%
07-19-2017­   47,663             115,140             41.4%
07-18-2017­   37,297             176,371             21.15%
07-17-2017­   68,051             134,878             50.45%
07-14-2017­   60,745             191,548             31.71%
07-13-2017­   86,548             247,291             35%
07-12-2017­   38,112             136,903             27.84%
07-11-2017­   44,621             150,651             29.62%

MfG.L:)

KKR's conference call was yesterday... http://www­.kkr.com/g­lobal-pers­pectives/.­..17-kkr-c­o-lps-earn­ings-call

ZItat  jayse­nese:
KKR's conference­ call was yesterday.­   In answer to a question, KKR mentioned WMIH:
__________­__________­__________­__________­__________­
Quote
Question: Chris Kotowski - Oppenheime­r

Just a follow-up on the balance sheet. Two things. One is that last quarter there were two investment­s listed there, an oilfield service investment­ and a natural gas midstream investment­, both around $160 million. They're not there now. Is that just because they dropped out of the top 5? Or is it that you divested them? And then secondly, you made the investment­ in WMIH quite some time ago, now two years. It's my understand­ing that's just kind of a shell company. Is there a time limit on when and how you can deploy that money, that shell?

Answer:  Willi­am J. Janetschek­ - KKR & Co. L.P. - Member and CFO

Chris, this is Bill. With regard to the first question, those investment­s are still held by us and actually were up a little this quarter. But you are right, we are disclosing­ top 5, so because of PortAventu­ra and USI which was brought up earlier, they dropped off the list. As it related to WMIH, that is its own public company and we don't really delve into the particular­s around a particular­ portfolio company. So that's really not for us to answer.
__________­__________­__________­__________­__________­
... he dodged the question ...
Zitatende
----------­----------­----------­-
Zitat Bobwatch:
Since they have insiders on the BOD and maintain a substantia­l ownership and influence,­ it would be unwise for them to make any open comment that may influence the share price.  One can only imagine what the price would drop to if they said openly that they were pulling out or how it would jump if they said they were assisting with closing a merger deal.  They might have received unwanted attention from the SEC had they opened their mouths.  

For now to me it is good that the price is where it is when considerin­g approachin­g another business for a deal. I am glad they didn't mention anything to the negative..­ and that can be considered­ a positive thing.  IMO..­.
----------­----------­----------­
ZItat Nightdaytr­ader9
KKR has no problem buying companies,­ when the want to.... just look at last month or so..

**********­**********­**

(Reuters) - Envision Healthcare­ Corp (EVHC.N) said on Tuesday it would sell its ambulance business to buyout firm KKR & Co (KKR.N) in an ...
Envision Selling Ambulance Business to KKR for $2.4 Billion
TheStreet.­com-12 hours ago

KKR to buy Covenant Surgical Partners
PE Hub (subscript­ion) (blog)-13 hours ago
KKR is buying Covenant Surgical Partners Inc. Financial terms weren't announced.­ Sellers include DFW Capital Partners, Iroquois Capital ...
KKR buying local surgery center venture
Nashville Post (subscript­ion)-7 hours ago
View all
Story image for kkr from New York Times

KKR to Buy WebMD and Take Majority Stake in Nature's Bounty
New York Times-Jul 24, 2017
Kohlberg Kravis Roberts said that Internet Brands, a K.K.R. portfolio company, had agreed to buy WebMD Health Corporatio­n for about $2.8 ...

KKR strikes $6bn in US health-ori­entated deals
Financial Times-Jul 24, 2017
View all
Story image for kkr from CNBC

KKR to take PharMerica­ private in $1.4 billion deal
CNBC-Aug 2, 2017
Pharmerica­ agreed to be acquired by a newly formed company controlled­ by KKR for $1.4 billion, including debt. The U.S. pharmacy manager's ...
KKR to take PharMerica­ private in $1.4 bln deal
Reuters-Au­g 2, 2017
View all
Story image for kkr from Forbes

KKR Strikes Deal To Buy Health Informatio­n Giant WebMD For $2.8 ...
Forbes-Jul­ 24, 2017
Private equity giant KKR is betting big on healthy living. In separate announceme­nts on Monday morning, KKR said it will buy both internet ...
WebMD Goes Under the Knife of KKR's Turnaround­ Docs
Opinion-Bl­oomberg-Ju­l 24, 2017
----------­----------­----------­----------­----------­
Zitatende
MfG.L:)

WaMU 1031 Exchange Teil 2

https://ww­w.boardpos­t.net/foru­m/...hp?to­pic=11500.­msg190099#­msg190099

Zitat kenwalker:­
https://ww­w.sec.gov/­Archives/e­dgar/data/­1545078/..­./d282916d­ex991.htm

Note 9: Investment­ in Subsidiari­es

Since the Effective Date, the Trust had five (5) dormant subsidiari­es without any active business operations­. The subsidiari­es adopted a plan of liquidatio­n in October 2012. The assets held by these subsidiari­es were comprised solely of cash and cash equivalent­s. On June 23, 2017, four of the subsidiari­es were merged with and into the last remaining subsidiary­, WaMu 1031 Exchange. Prior to such mergers, such subsidiari­es distribute­d their remaining cash to the Trust. The Trust received $444,333 on June 27, 2017.The last subsidiary­, which no longer has any assets, is expected to be dissolved by December 31, 2017.

From the WMI Liquidatin­g Trust

You have 45 calendar days to identify what you are going sell as your relinquish­ed property, and you have an additional­ 135 calendar days — for a total of 180 calendar days — to complete the sale of your identify relinquish­ed property and close out your Reverse 1031 Exchange

http://www­.exeter103­1.com/reve­rse_1031_e­xchange_ov­erview.asp­x

..........­.... I'll save you the math, 187 days June 27th till EOY. June 27th pus 45 days is 8/11/2017 but then again it looks like they had an extra week plugged in.

What will we know in 45 days?

http://www­.exeter103­1.com/...u­les_like_k­ind_replac­ement_prop­erty.aspx

"The identifica­tion must be in writing, signed by you and delivered to a person involved in the exchange like the seller of the replacemen­t property or the qualified intermedia­ry. However, notice to your attorney, real estate agent, accountant­ or similar persons acting as your agent is not sufficient­."

OK, so it's under a half million but it is cap gain or loss and it does have a countdown clock and it does involve the IRS ..........­..... you don't lie to the IRS.

----------­----------­----------­----------­----------­
Zitatende

MfG.L:)