JusticeWillWin
15 horas hace
LATEST $COOP PPS targets==>DEUTSCHE BANK:💥$137💥, UBS:$135, Barclays:$130, Piper Sandler:$120, KBW:$115, JMP Securities:$115, Wedbush:$115, Compass Point:$110
lodas
1 día hace
TARP was a program instituted by congress to infuse over 700 billion dollars into the U.S. Banking system so as to buy up MBS to keep banks liquid, and promote lending as the banks emerged with "clean books"... although many banks entered into CDS (credit default swaps), a derivative contract, to protect the value of the MBS, the contracts DID NOT GO TO MAXIMUM PAYOUT, or full value of the contract.... many of these contracts were bought back with minimal loss, or the Government bought them.... case in point: AIG was the biggest writer of CDS, and the government settled all of their contracts because they got TARP money....my point?....rons statement that trillions of dollars in derivative contracts is misleading, because these contracts were settled over 17 years go with the infusion of TARP money.... Lodas
ron_66271
1 día hace
The Numbers Prove You Will Be Very Happy.
Lehman’s, WMI, F&F securitized notes are secured by Derivative Contracts that still need to pay up.
According to the FDIC, “WMI/WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.”
Treasury number for RMBS in 2008 was $13 Trillion at a loss ratio of 11.9% as litigated in the California DB Case.
JPM owned 57% of the Derivative Market.
BoA just under 30%.
AIG was just the broker providing the contracts between the parties but was not the writer of the contracts.
By example(JPM):
In Billions
$13,000*.57*.119(11.9%) = $881.8 Billion to Lehman’s, WMI, F&F.
You can do this same math for BoA at ~29%.
Too Big To Fail FAILED.
Using WMI/WMB numbers of 1.5 Trillion in RMBS.
JPM exposure;
$1,500*.57*.119 = $101.7 Billion to cover for WMB alone.
Now do the same for BoA.
There is a reason why LIBOR is in litigation.
The numbers/accounting tells us the story.
Ron
nadodude
1 día hace
GROK Knows: Report fraud, waste and abuse by the FDIC and JPM Chase for the illegal take of close to a trillion dollars from Washington Mutual Inc. ?
Answer: If you believe you have evidence of fraud, waste, or abuse by the Federal Deposit Insurance Corporation (FDIC) and JPMorgan Chase related to the acquisition of Washington Mutual Inc., there are several avenues you could consider for reporting such allegations. However, I must note that claims of an "illegal take of close to a trillion dollars" would require substantial evidence, as the documented transaction in 2008 involved JPMorgan Chase acquiring Washington Mutual's banking operations for $1.9 billion under FDIC receivership, not a trillion-dollar figure. Below are potential options for reporting, based on standard procedures for addressing misconduct by federal agencies and financial institutions:
FDIC Office of Inspector General (OIG)
The FDIC OIG is responsible for investigating allegations of fraud, waste, or abuse within the FDIC itself. If you suspect the FDIC acted improperly in its role as receiver for Washington Mutual, this would be a primary point of contact.
How to Report: You can submit a complaint via the FDIC OIG Hotline online at oig.fdice.gov, by calling 1-800-964-FDIC (3342), or by mailing a detailed report to:
FDIC Office of Inspector General
3501 Fairfax Drive
Arlington, VA 22226
U.S. Department of Justice (DOJ)
The DOJ oversees federal investigations into financial crimes, including potential fraud or illegal activities involving banks and government agencies. If you believe the actions of FDIC and JPMorgan Chase violated federal law, the DOJ could be an appropriate entity to contact.
How to Report: Submit a complaint through the DOJ’s website at justice.gov under the "Report a Crime" section, or contact your local U.S. Attorney’s Office.
Office of the Comptroller of the Currency (OCC)
The OCC regulates and supervises national banks like JPMorgan Chase. If your allegations involve misconduct by JPMorgan Chase specifically, you could file a complaint with the OCC.
How to Report: Use the OCC’s Customer Assistance Group online at helpwithmybank.gov or call 1-800-613-6743.
Securities and Exchange Commission (SEC)
If the alleged fraud involves securities, shareholder losses, or misrepresentation tied to Washington Mutual Inc.’s collapse or JPMorgan Chase’s acquisition, the SEC might have jurisdiction.
How to Report: File a tip or complaint at sec.gov/tcr or contact the SEC at 1-800-SEC-0330.
Congressional Oversight
Given the scale of your claim, you could reach out to the U.S. House Committee on Oversight and Accountability or the Senate Banking Committee, which have authority to investigate federal agency actions and financial institution misconduct.
How to Report: Contact your U.S. Representative or Senator directly via house.gov or senate.gov and request they escalate the matter to the appropriate committee.
Whistleblower Programs
If you have insider knowledge or evidence, consider submitting it through a whistleblower program. The SEC and the Commodity Futures Trading Commission (CFTC) offer protections and potential rewards for reporting financial misconduct.
How to Report: Visit sec.gov/whistleblower for the SEC program or cftc.gov/whistleblower for the CFTC.
Important Considerations:
Evidence: Any report will need detailed, credible evidence (e.g., documents, financial records, or witness accounts) to substantiate claims of fraud or an "illegal take." The historical record shows Washington Mutual had approximately $307 billion in assets at the time of its failure in 2008, far less than a trillion dollars, so your claim would need to explain this discrepancy.
Statute of Limitations: Many financial fraud claims have a statute of limitations (often 5-10 years), and since the Washington Mutual seizure occurred in 2008, legal recourse may be time-barred unless new evidence has emerged.
Context: The FDIC facilitated the sale of Washington Mutual’s banking operations to JPMorgan Chase to prevent losses to the Deposit Insurance Fund, a process upheld in subsequent lawsuits and settlements. Challenging this would require evidence of specific illegal acts not already adjudicated.
If you’d like assistance refining your allegations or analyzing specific documents, feel free to provide more details (e.g., X posts, files), and I can use my tools to help further. Where you report depends on the nature of your evidence and the specific entities you’re targeting—let me know if you want guidance tailored to a particular aspect of this case!
Disclaimer: Grok is not a lawyer; please consult one. Don't share information that can identify you.
FDIC OIG process
banking regulation history
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stoxjock
1 día hace
They know Nobody cares about this other than you & Me,,, I am thinking they will just let it wilt on the Wine till All of Us are Dead. USA is the MOST CORRUPT Country er.. "Police State" in the World...Its Residents can never raise these things in any Public Forum Nor Raise any Public Awareness through any Public 'Demonstrations' etc. Its a 'name sake' Democracy...The Small Guy Always Loses Here...And the "Capitalism' we have here is, at best , "Crony Capitalism'; Doesn't Matter whether its Repubs or the Dems in Power...They Are ALL In the Pocketbooks of the Wall St Honchos....