bond-007
32 minutes ago
AI agrees with you
"Washington Mutual (WaMu) shareholders are unlikely to see any significant distribution from the companyâs bankruptcy proceedings, which concluded years ago. WaMu, once a major U.S. savings and loan institution, was seized by regulators in 2008 during the financial crisis and sold to JPMorgan Chase for $1.9 billion. The bankruptcy case, filed under Chapter 11, involved a reorganization plan that distributed approximately $7 billion to creditors, leaving little to no recovery for shareholders.
Several factors support this conclusion:Bankruptcy Outcome: WaMuâs reorganization plan, finalized around 2011, prioritized creditors over shareholders, as is standard in bankruptcy proceedings. Shareholders, particularly common stockholders, were at the bottom of the repayment hierarchy. The plan explicitly left nothing for shareholders, with creditors receiving the bulk of the $7 billion distribution.
Shareholder Disputes: Shareholders fought for a share of the bankruptcy estate, arguing that WaMuâs assets, including potential legal claims and tax breaks, could be worth up to $20 billion. However, these claims were largely dismissed, and settlement talks with shareholders collapsed in 2011. A tentative deal that year offered shareholders tax breaks and a $30 million litigation trust, but it did not result in significant recovery for common shareholders.
Legal and Financial Barriers: Shareholders accused hedge funds of insider trading and challenged the bankruptcy planâs fairness, but these efforts failed to alter the outcome. The courts approved WaMuâs plan, which included a global settlement with JPMorgan and the FDIC, distributing assets primarily to creditors. Delays caused by shareholder objections further reduced potential recoveries, as creditorsâ claims accrued interest.
Historical Precedent: In major bank failures like WaMuâs, shareholders typically receive little to no payout unless significant assets remain after creditors are fully paid. WaMuâs case, one of the largest bank failures in U.S. history, followed this pattern, with no substantial assets left for equity holders.
Recent Developments: There is no recent news (as of July 2025) indicating any new distributions or reopened claims for WaMu shareholders. The bankruptcy case is long closed, and any remaining litigation trusts or legal claims are unlikely to yield meaningful payouts for shareholders, given the precedence of creditor claims and the passage of time.
While shareholders hoped for recovery through litigation or asset revaluation, the bankruptcyâs structure and legal outcomes make it highly improbable for them to receive any distribution now or in the future. If youâre a shareholder seeking specific advice, consult a financial advisor or legal expert familiar with bankruptcy claims to explore any niche possibilities, though the prospects appear dim based on available information."
suzuki1a
56 minutes ago
Question, where was the insult in my narrative to you? I canât understand for the life of me why you gave RD a thumbs up emoji for his nonsensical copy and paste narrative. But you did, total nonsensical copy and paste narrative and you canât explain the association to literally ANYTHING to do with WAMU, WMIH, WMI, COOP. No insult intended, I simply ask you to explain where the correlation is. There is non, therefore your nonsensical accusatory response! BIG BANG! 😂😂😂😂😂😂
sunshinevibrations
1 hour ago
If you were here every day claiming that the Earth is flat, I'd contradict you as often as I could, because what you're saying isn't true.
There's no basis in reality for the belief that hidden rillions are sequestered away for old WaMu investors. What's more important is that not only is that a baseless conspiracy theory, it has absolutely nothing to do with the upcoming acquisition of COOP by RKT and will not hinder, stop, or affect that acquisition.
Additionally, because some believers are realistic enough to fear that the acquisition of COOP by RKT will mean the end of the conspiracy theory, they have cast doubt on the acquisition, hoping that it won't happen and prove them wrong.
The realistic and serious investors in COOP and RKT need to know that, so they won't be unnecessarily concerned about it.
BigBang
2 hours ago
The believers often attack anyone who questions their fantasiesWhy even bother questioning the âbelieversâ fantasies? What is it to you if they believe that something is coming back after all is said and done? Believe what you will and move on. The âbelieversâ, which, by the way, if you donât already know, includes myself, and we donât really care as to what you think. I donât understand how anyone can be so devoted to telling the âbelieversâ that there is nothing to see here.
Royal Dude
8 hours ago
The FDIC will announce settlement soon after IMO
FAIRNESS HEARING: The Court will hold the Fairness Hearing on July 16, 2025. At the Fairness Hearing, the Court will consider whether the Settlements are fair, reasonable, and adequate. The Court will also consider whether to approve the Plans of Allocation and requests for the attorneysâ Fee and Expense Awards, costs, and Plaintiffsâ Service Awards. If there are any objections, the Court will consider them at this time. Although you do not need to participate, you are welcome to participate at the Fairness Hearing. You may also hire your own lawyer to participate, but you are not required to do so. This Notice summarizes the Settlement Agreements. More details are in the Settlement Agreements and Plans of Allocation, which are available for your review at the Settlement Website, www.InterestRateSwapsAntitrustLitigation.com. The Settlement Website also has answers to common questions about the Settlements, Claim Form, and other information to help you determine whether you are a Settlement Class Member and whether you are eligible for a payment. You may also call toll-free 1-888-597-6416.
https://interestrateswapsantitrustlitigation.com/Content/Documents/Summary%20Notice.pdf?fbclid=IwY2xjawLfeI1leHRuA2FlbQIxMQABHnNsfxCGJ1xf6NDLKBsKEcSNhchluH06X8rtICY4R4BxSGH1RSALGKZmGeE-_aem_oh_luk_BUMuI5IiZs-BXdA
shiftyshoes
9 hours ago
Fiction writing, like more than Fair and Reasonable? Fiction Writing, like Meaningful and Significant recovery? Like Litigation Trusts, Liquidating Trusts and TABs, all worth zero, amended and then sealed from view. That kinda fiction? Or how bout our releasing for Willful Misconduct and Voila 30 billion found in the rubble. Is that fiction? No Kosturos but then Kosturos? Fiction? Its all a blur..
Go back in your hole, or redirect your ire and focus to the real fiction writers WillyJam, Susman and Co.
t1215s
10 hours ago
Good morning people To the believers, itâs ok to believe or even dream as some here might say , think of it this way ,itâs not you who spends 24/7 for how many years with many post all hours of the day and nights too wowww, GO AND BELIEVE OR DREAM and live ur life how you wish, AIMHO
GogoooCOOP
Have a great Sunday people GLTA-Ts
goodietime
1 day ago
Why does Ron's post state 17 years of interest, "
"$300B times 2 ($600) plus 17 years of interest at 2%." 17years at 2% = $842,730,012,053.06
But you only use 7 years? 7years at 2% = $690,083,854,188.83
https://www.thecalculatorsite.com/compound?a=600000000000&p=2&pp=yearly&y=7&m=0&rd=0&rp=monthly&rt=deposit&rw=0&rwp=1m&rm=end&ci=monthly&cc=1&c=1&di=&wi=