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A wise man once said:"Great minds,think alike"!!!LOL
I don't know exactly,but the document from TLIBR certainly sounds positive to me(for us!!)IMHO
Anyone????
Sorry,but who exactly is "Special K"???Koustrus???
Hardly ANY trades on the German markets today!!!!(WMI.F)
I suggest you ask/consult"ILoveStocks"...he has it all,for sure!!!
That's OK for me too!!That's why I have WAMPQs......as an insurance against the commons getting little or nothing.
Don't get me wrong;I want the commons to get as much as possible and I truly think that Susman won't give up until the commons see "something",whether it be cash or shares in the NEWCO or a combination of both.
Then again,I'm still looking at our 33 billion as a starting point.....I see it getting cut down to 15 or 20 billion,but that's only my WAG!!!
Yes...that would net me over a quarter of a million dollars,so I would be very happy...I know it's peanuts for some people on this board,but I'm not greedy......(nor am I accusing anybody of being greedy)!!!!
If your numbers are correct,I'll happily take any scenario between a 25 to 50 % haircut,given the mix of WAMUQs and WAMPQs that I am holding(long!!!).....
Oh,I've got the full blown presentation as a bookmark.........my question is why does everybody still keep talking about 7 billion or 10 billion,but hardly ever the 33 billion????
Given that,then what has the 33 billion been cut down to??(more or less)...TIA
I still want to know what happened to the 33 billion figure from our(EC)presentation on December 10th,2010????
Yep,yep and Yep!!I'm a native New Yorker and used to "Park Avenue Hardball",but I'll take a good ole' Texas boy anytime to represent me(or WAMU!!!)......
Fsshn says that the P's are the canary in the coal mine called WAMU!!!Where there`s smoke,there's fire,hopefully!!!
And when they can't fathom it or reason with it,they turn to the old conspiracy theories....
Thanks ILS....Another voice of reason here today......
Thanks uzual and es1....finally some common sense here on the board...Jeeezzzz..what a bunch of whiners here today!!!We finally get the judge to totally shut down Rosen,and people aee still complaining she's "soft" on JPM and FDIC.....Get a life guys!!!!
Besides the usual CYA reasons,why do you think this statement has even been filed???TIA
Not in the BK case there is there more than 33 billion.....How many times do people have to tell you that you can't unscramble an egg??
The 100 billion you keep waffling on about is long gone in WAMU's past,before BK....Get over it,and/or wait for a criminal case to be brought....or maybe a class action against the FDIC ,Hank Paulson and JPMC....
It ain't gonna happen in BK court!!!
Again,very nice summary..what I want to know is why everybody seems to have forgotten the 33 billion asset number and we are only discussing 7 to 10 billion..
Is there some ruling I have missed(I doubt it,sine I'm here every day!!)regarding the numbers presented on December 10th,2010 by the EC???
JPMC stock price down below $30 pps again in pre-trading.Down over 27 % in the past 3 months...
Gonna be tough for them to come up with the 12 billion in assets erroneously(that's the nicest way I can put it!!)transferred to them by FDIC and give it all back to WAMU!!!!!
Hmmmmm....Things that make one go:Hmmmmmmm
My Machiavellan side asks me what exactly they are trying to accomplish with this publication/opinion???
Oh,I agree totally with you......It's just that one specific poster REALLY wants to see Susman incourt,although he seems to have backed off recently.....
I guess he thinks that Parker Folse has it all wrapped up!!LOL....I wish!!!!
July has a few gems too....
Pg.3 Consulting Frank Partnoy on hedgies trading records.
Pg.4 Ard reviews correspondance btwn Debtors and SNH's counsel.
Pg.6 Ard reviews stuff relating to Califano!!
Pg.7 "Suspect Trading Periods"!!!
Pg.14 Review of of Waterfall from early DS and SNH documents
Pg.15 FDIC
Pg.16 JPMC
And boy,Austin 01 is gonna be pissed...Susman billed only one hour for the whole 2 months!!!!!
Nice catch.I'm looking at July now,but I'm afraid it's all "old news"......
Page 9 of the August invoice has 2 juicy items.......
Me neither.I'm going to go through them with a fine tooth comb this afternoon....
Just thinking about those motions to appeal from the hedgies.Didn't THJMJW/LIBR specifically say(in her written opinion)that she did NOT want to see a "litigation morass"???
Didn't most of the journalists who picked up on the news also emphasize the "litigation morass" angle??
Isn't this EXACTLY what the 4 horsemen of the apocalypse(the hedgies)are giving her with all these long winded motions??Kind of shoving it in her face so to speak??
Methinks that THJMJW is gonna be pretty peeved about this,but that's just me....Opinions welcome!!!
Hmmmmm.....I'm no expert either,but it seems that the BK court and the district court are pretty chummy/clubby...I'd like Catz or Mordi to chime in....TIA
Seems like a pretty high hurdle to get an appeal ,given what you've stated here!!Let'em sweat!!!
Typical......gang of useless,incompetent and corrupt auditors!!!
Got it.Thanks.EOM
Kris....Does NIR have anything to do with us??I mean,do they hold any WAMU debt??TIA
Oh,I think we will hear from Susman and his gang pretty soon over the hedgies appeals,don't you???
Many Thanks...I will dig in to everything,word for word,tomorrow....
Exactly!!!What deadline are they(the hedgies) up against for them to all appeal after market hours and at the same time?????Anybody??Do they have(or are they using )the same law firm???
(And I'm not at work,but it's 11:25 PM and I've had too much to drink to open up and study each appeal..........LOL)
I'll be up bright and early tho'!!!
Do they all have the same text??I mean are they like a "form letter",or better yet, a "form appeal"?????
I agree with both the reasons you put forward as to the hedgies strategy,but would also add that they just want to slow things down and confuse the court as much as possible,even if it only gives them a gain of a few days....
Also,and let's face it,the hedgies aren't coming up with these strategies,their lawyers are,and the merry-go-'round of superfluous billings goes round and round and round!!
Super,super article!!!INMVHO,the best one we've seen yet!!I know that Troy Racki is long WAMKQ,but still,he makes a lot of sense and spells out the current state of affairs,as well as our chances going forward....
A must read for everyone!!!!
And look at the author!!Our very own Kristen Grind!!A blast from the past,for sure!!!
There has to be some at the US Trustee(besides DeAngelis)who is in charge of compliance or enforcement??Then again,I would imagine Holder's office would bounce it down to someone with teeth??Or wishful thinking on my part??