Nightdaytrader
4時間前
MadBadger, yes, and why this morning, I posted this oldie but goodie:
SUPPLEMENTARY INFORMATION: On April 15, 2013, the FDIC determined that the assets of Colonial Bank, Montgomery, Alabama, were insufficient to make any distribution on general unsecured claims, and that such claims therefore had no value. Notice of the determination was published in the Federal Register on April 19, 2013. 78 FR 23565. The FDIC has now withdrawn its determination because the Receivership's theoretically possible recoveries have been revised upward as a result of changed circumstances and could possibly exceed the previously calculated $1.698 billion deficit, which in turn could possibly result in payment on non-deposit claims under the most favorable circumstances.
Nightdaytrader
7時間前
ron_66271, from Dec 7, 2010, Closing Argument of Equity Committee....
Chart 19/78, entitled, "Disputed Assets Received By JPMC"
IP: Value Unknown
Broad Releases of All Claims (Value Unknown)
Pensions $4350M
VISA Shares $140M
Anchor Savings: $350-500M
BOLI/COLI: $5B
TPS: $4B
Tax Refunds: $2.36B
Total $12.36B+
JPMC contribution to Estate Proceeds: $25M
Ron, let me know if this is the wrong chart and you were looking for something else.
ND9
ron_66271
7時間前
Contested Assets JPM Purchased from WMI.
JPM needed the WMI assets associated with WMB employment compensation.
But WMI owed the assets/Trusts.
As the 363 Sales, all documented in both Plans 6&7 and associated GSA’s, plus Admenments.
The Equity Community has proven that the FDIC is lying.
Please see the Equity Community Presentation.
I don’t have access to my old spreadsheet for the complete list but:
• $6.5B Capital Contributions
• $5B Rabbi Trusts
• $4B Exchange Event
• $3.9B Turnover
• ….
~$25 Billion in assets that where the positive assets listed at #29’s BK filing that became the 363 Sales.
$33-$8 =$25 Billion.
Bankruptcy Case
After WMI filed the Bankruptcy Case, WMI, JPMC, the FDIC in its corporate capacity (“FDIC-C”), and the Receiver became involved in several lawsuits contesting the ownership of over $20 billion in assets.
FDIC/JPM needed to contest the ~$25 Billion to make it appear that WMI was truly bankrupt.
Both WMI and WMB were completely Solvent.
JPM was broke!!
Thanks for the post BD.
Ron
BigBang
10時間前
I agree with you 100%. Reminds me of the expression “bull in a china closet.” In my opinion, he has to understand that he’s no longer campaigning and realize that he has won the election. I like what he wants to get done, but one step at a time is ok with me. Think things out first and then act. Without applying rational thought, to bring about change, results in confusion and a total mess. I realize he promised to get everything done on his agenda in the first month he takes office, however, this rodeo needs to slow down.