Another flaw in your logic.....some other retail/day trader is buying. Have to be realistic...no "big money" is interested in a stock that has daily trades in the $100-150,000 a day range. That would not even cover the Christmas party expense of a HF. Less than a jr. partners bonus for the year.
Slight flaw in your logic:
Insider holding = 17%
The traders are almost exclusively retail day traders.
I do. $0.00 There were absolutley NO ASSETS "assigned in error" As B-girlee pointed out...the BK was over nearly 3 years ago POR 7 was signed and issued so this is rehashing old news with no value. Oh, and there is no "pot of gold" just waiting to be given to escrow or any other figment of B-girlee's imagination. And, NO, the loans that FDIC was forced to repurchase will NOT be given to WaMu, escrow, WMILT, or WMIH....or a homeless person.
Just another way to show how utterly stupid you entire "Math" post really is.....if your numbers were to be correct, the value of this stock would be $138/share. Do you think that anyone on Wall street, any hedge fund, or any professional investor might have already picked up on a $2 stock that is really worth $138/share........really, really stupid, B-girlee.
Thank you for showing everyone your lack of knowledge...so now do you realize that there is no "collateral" being held? That those are loans that were packaged and sold originally by WaMu and now bought back by FDIC because they were frauds? That there is no "money" going back to WMIH or escrow or anything having to do with WMIH? Too bad, everyone else does.
Please.....only post when you are sober. There is no "collateral" being held. Do you not understand the reason of the BK.....liar and NINJ loans that went bad. There is no surplus $$$ just waiting to reward the penny stock investors. No hidden treasury that all the hedge funds and professional investors just overlooked. Nice try, but no one is believing your lies any more.
Sorry, I realized too late that you probably could not understand the complexity of what I posted....so:
WaMu sold some fraudulent loans to investors....the investors sued and FDIC was forced to repurchase $90 billion of which on $33 billion are still currently paying the money back. In the PA JPM exempted from these bad loans. FDIC wants to find some way to get back the BILLIONS OF $ THAT IT LOST. Even you should understand that simple explaination.
You really do not understand the US banking system, do you. Let me put it in perspective.
There is no $165 billion in trust.....the above article says the WaMu sold the loans to others. The $165 billion is a group of fruadulent loans that were forced back on the FDIC. This is the FDIC part and wholly owned NOW by FDIC. The "investors on who's behalf" these are held were the people and companies that bought them from WaMu originally. There is no further connection to WaMu or WMIH or the BK
This is part of the reason that WaMu went BK as the loans were misrepresented and are now held in receivership. The FDIC was forced to buy them back at face value...ie) $90 billion, but there are only $33 billion that are currently PAYING back the borrowed money.
The other piece of information that you cannot seem to grasp.....these "assets" are 30 year notes. There is NO CASH here, so no money to go back to anyone except the FDIC to offset the roughly $57 billion in losses that they are currently expensing. SEE NOTE 29 OF THE JPM 2013 ANNUAL REPORT PAGE 324.
Did you not also notice the last line of the original post??? ....any repurchase obligation related to these loanss remains with the FDIC"..... So, in your scenario...where would the trust get the $90 billion required to buy back the loans?????? Or did you "ASSUME" the investors would just give them back without any compensation? These are loans that WaMu fraudulently sold to investors and the investors now want their money back. Not the other way around.
None of "what you know" that you posted is true. Start from that do your own DD. What ever you do, do not listen to fishin or B-girlee.
I posted it....seems that this thread is not linear. anyway, not written any new business since Sept. 26, 2008 by order of the court and will fade out as soon as all policies are paid.canceled. You do have Goggle don't you? Check for yourself.
How is that "thriving" business....you know, the one that has not written any new business since September 26th, 2008.....and is NOT ALLOWED to write any more.
still waiting fish....why not share what you discovered about "runoff mode"......come on man. Do it.
What a loser....sure you bought below market 2 years prior to the BK....and used the wrong "too"
It is really easy to prove...I assume you have "goggle" so, just goggle runoff mode or look at the definition on "investipedia". Go ahead, prove me wrong.
Goggle "runoff mode" and then WMMRC. I did not mean to make your angry again, but it will make you cry when you realize that I am correct and you look foolish....again. Sorry, but I told you before that you should not post after drinking heavily. Hey, just do it to prove me wrong.....wouldn't that be fun? Go ahead, I dare you to prove me wrong....instead of posting some (more) nonsense.
Have you heard of "Goggle"? Try using it to find out the meaning of "runoff mode"....then come back to the board. That way, you will not look so stupid. For confirmation of WMMRC status....look up any of the SEC filings. Really not that difficult to prove I am correct.....hey, do to prove that I am wrong. That would be fun.
Interesting since the BK did not happen until 2008...so......you bought at below market 2 years before the BK? oh, and you used the wrong "to"
This has got to be the most laughable post ever typed. Paid bashers, "cheap shares", what a crock. You should be ashamed trying to fool people into buying your worthless shares. You, fish, and girlee are trading among yourselves. There is no interest outside of "get rich without working" penny stock day traders. Get a life.
WMIH "made" $338,000 ALL OF 2013...and lost $15,000,000 in 2012. This year will be somewhere between. The entire year will not show a $500 thousand profit......keep posting you lies, no one but Brandygirlee believes them.