Accounting trickery - bookkeeping is a form of witchcraft

As my economics professor used to say constantly.

By the accounting standards used today ( yes they change the standards ) deposits are considered liabilities, and loans are considered assets.

If i gave you Mr. D. Stuff 100.00 of mine to hold, and do with as you pleased until I wanted it back that would be an asset you have at your disposal, a borrowed asset. Mr D stuf would have 100.00 more because of this deal between you and I.

If I have that same 100.00 to a bank They also Have the exact same use of that asset yet call it a liability. On one side of the books they show the deposited money increasing the coffers and on the other side they show an equal amount as a liability. Net accounting result is zero yet they still have that asset of mine to use as they see fit.

By twisted definition only and I can't stress that enough, is a held deposit a liability.

Now a loan, same twists but the other way. You give me 100.00 , i give you an IOU , now I have 100.00 more to play with but you have 100.00 less. That's a 200.00 dollar shift in an asset. Does that feel like an asset to you? Try and sell it, lol.

Bank loans me 100.00 - they now show that the value of there assets just went up. Does that show up on the other side as money out so the net result is zero? NOPE because they are gonna sell it, does it show up as the reality of actually giving me money they borrowed so are actually 2 x less money? NOPE . Borrow 20.00 from your friend and give it to your other friend and let me know if your 20 bucks richer or 40 poorer.

Wamus 188 billion in deposits is what? A liability, meaning something you don't want or a borrowed asset for the holder to use until the owner wants it.

Follow this bouncing ball if you can.
The banks call these loans or IOUs assets so they can sell them. they sell them because They don't want them. They don't want them because they want the money back, They want the money back because they loaned out the borrowed asset called a deposit recorded as a liability. See why so very few understand the banking industry and let them getaway with this crap.

Nobody's going blame you for taking some profits. IMO It'd be extremely foolish to jump out now. Really fnckig dumb actually. The potential for a surprise settlement has never been greater. Last March 2010 was hype and a MM generated short spree- since may 22 2011 things have been different.

It's still up in the air and nobody knows how it ends but at least the fighters are in the ring now. The fight hasn't started "YET" and no one has thrown the towel "yet"

Don't know if you peeps caught my posts as of late but there "may still be more to come out "
still Don't know how it pans out though. At this point "Don't think anyone knows yet"

Very very confusing. BK and DC are two very different things and are not related until and only they try and develop a GSA in BK that does away with DC. That is the only way DC brings value into BK. That's my opinion and I'm still studying so I may change my mind.

The DC action is where all of the allegations of conspiracy, tortuous interference, fraud, & everything criminal AGAINST JPIG AND FDIC PRIOR TO BK filling.

Mary can only handle things after BK, however the release in the GSA that did away with the DC action via BK and mary.

Now the appeal has reopened it its worth alot more to make it go away via BK.

I'm keeping silent until I hear from Beth on the matter.
According to her those posts get too many people un-nerved and upset and didn't think my post of opinion of the info contained any facts.

She hasn't responded to my last message to her.

Oh yea! DC action is now worth substantially more than it was yesterday!
Whooo-hooo

Oh yea! DC action on again!

This is like waiting for the fireworks show to start. Watching them set up if you will.
Everyone is setting up for the show right now.
Strategically placing the ordnance and measuring the fuses for proper timing.
Aiming the pots so once they are lit they reach the proper area.

Pretty soon the single large aerial bomb will be let off to signal the show is about to start & get your seat .

Does the pondering continue catz?

Some pretty heavy stuff filed yesterday.

I see some FUHF & FUBR from the EC
And some FUJPIG & FUBR & FtGSA from the HF
And some WTF help me mary from BR

I love it.

So what do you want to see on the deposition question lists ?



How about this one from March 2010 :

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=509795&mid=509795&tof=18&frt=2#509795

skewered testicals

thanks , i cherrish every FUBR moment i can.

hedge funds hired criminal defence lawyers, must need them.
follow the three replies for links to steven m wetzels bio.
its good
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58947768

Yes, and thank you so very much for all that you do.

I certainly don't wish to mislead any one in anyway what so ever.
I really can not see what facts are missing,because I qualified it as what it is.
Its 100% hearsay and there is no link or any way at all possible for me to verify it for you.
Add salt if needed , just a grain or pounds. I can't give you what I don't have.
I've withheld nothing because that's all there is. Nothing else to share because that is all that was shared - no more no less. Who I heard it from is really irrelevant because I got it hearsay and no way to tell how many hearsay reactions took place before that. And I've qualified my opinion on its validity.

If you think it better this type of thing not be shared then say so and ill forever keep silent about such hearsay. Let me know.

X2 well said William and I feel exactly the same. Thanks catz.

Have you seen the recent fillings? That post was up before the news too and that news supports the information. I believe I qualified my post as exactly what it is. You'll find the info reliable as more develops. The out come of it, Who knows ? The post remarks mostly that something is very different as of late. Its not the same ole same ole. No pump nor dump no praise or ridicule on the efforts or happenings. No speak of quash or settlement. Just that something definitely had got the attention over there and they are not sure how to handle it.
You need to use your own DD and instinct to see that as positive or negative.

Now if you want to mean, please be aware that I find that sory of thing extremely arousing lol

That's pretty funny , tin roof lol

Still leaves me wondering what your purpose is for your choice of a template for delivery.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64516080

A few days ago rockie had some discussion and wonderment about who'd be " scratching their head wondering What happened." Would It be rodents slick tricks again or if susman was even capable of his own slick tricks.

No need to mount any clouds yet but this is getting good.

Voodoos Mafia scenario is becoming more of a possibility with every filing.

100% hearsay but I trust the info with my life

No links or any way to back this up for you

The upper floors of j pig have been buzzing about WAMU for about the last 10 days or so.
The high 6 and 7 figure incomes have been a condition of " don't know whether to shiat or go blind " & "complete chaos"
This type and level of activity over WAMU is highly unusual

Something is up and its big .

My last attempt at posting this was deleted for vulgarity in the euphemism, here is a link to provide clarity if you've never heard it before.

http://www.google.com/m?hl=en&gl=us&client=ms-android-verizon&source=android-browser-type&action=devloc&q=shit+or+go+blind

Catz, I like to know exactly were we stand. Your assessment, opinio, assimilation of information and posts do that like no other and I find them invaluable. Dispelling of the myth and lore is some of my favorites. Of course our position as sharholders is dynamic and changing much like the hours of the day change. (Analogy coming) If the hour of the day were our position, you're much like the clock that keeps perfect time. Want to know were we are right now, seek out catz's take. Want to know were our position is tomorrow, ask catz tomorrow.

There's no BS, no predictions, no crystal ball only up to date facts and current - invaluable.

In response to your series of post that got a few folks riled up yesterday, there are a few things that I'd like your opinion on. These will be regarding value, worth, the DC action and this apparent yet invisible leverage force or information that susman has.

As we stand today por v6.x is scheduled for it's process of conformatiom & if its successful to go thru. If this happens and it stays intact along with the gsa we are toast, actually burnt toast. IMO anyone who believes this to be possible should in all likely hood sell now. There is a new objection to the plan that discussed the summary judgment on the deposit and That may or may not change things but they are not exactly the sane as they were yesterday.

I agree that the significant worth of WAMU lies in the DC action. I also realize that the BK court can't do anything with that. However the parties involved in the GSA have included the DC issues or actually brought them into the BK court for absolving. This brings tremendous potential for value and worth into these BK proceedings. The DC action being settled via gsa is worth something between zero and triple damages in this BK court. Its in here and that can't be denied at this point. DC action and its value only has a two possible outcomes here; it gets settled for number between those specific values above via gsa and all inclusive releases or its excluded and put back to DC to progress thru finalization.
I realize that JMW can't rule on those matters other than approving a plan that makes them go away but nonetheless the DC actions potential will be seen here in BK court.

Now the driving force behind susman's ability to bring the court to a standstill or cause negotiations to happen cannot be denied. I have no clue what it is or how powerful that info may be but it definitely is something. Por v7 came about because of it and for the moment por v7 is gone. With that in mind, the info susman has still exists and has not been rendered moot or impotent. I don't know what it is but I can't deny its existence because the results of him using it can be seen as fact and court records. Denial of this force that can't be seen will have the same effect as denial of the force of gravity.

All we really have to completely rely upon is the info available and assume its Not dynamic, this will give an honest assessment of where we are at the moment and where our destination is projected to be. But there is undeniable however yet to be defined info available, and this is far from stagnant nor has it stayed on projected course.

Sure would like comments and thoughts.

Jaydubs- What does your DD tell you about how much WAMU is worth?
You say 24 is beyond your scope of imagination. Give us an idea
Ok lets align your imagination to reality of 100% cold hard numbers.
Feelings don't count, DD does.
How much profit alone has JPIG made over the last 30 odd months.

Yep, sooner than latter.

Legally equivalent to this.

There's a very pissed off 800lb gorilla with enough rotten bananas to get everyone FOS.

Yes, judge collyers (sp) opinion on the matter is very easy to follow and had a great summary of the complaint.

Those emails you are referring to, if done on corporate computers would be archived at
IRON MOUNTAIN. If they were done after hours at home on personal computers, the email service provider would have archived records of it. If it was via text there is also an archived record of that. If it was via phone, call records ie # dialed ,
records of that also exist.

Biz - does this document also have a kcclc link to it.
goygan and That other upload service aren't cooperating with my computer.

Blank, no text on this bloomberg page

I thought us shareholders were the vultures?

FUHF! BOHIC NKYFYHF

whatever
Dude, You wanted him at the hearings, wanted him to do prs, wanted him to personally hold your hand, you started talking crap about him being on vacation.
It was so bad your posts on the subject were considered spam.

Ill forget by Friday, plus I'm sure there will be lots of FUHF going on then.
based around your FUHF - BOHIC NKYFYHF
Bend over here it comes, no KY for you hedge fund.

FUHF haha - BOHIC

Congrats Uz!

NKYFYHF

Zero input¿! YFOS.
The DD provided and shared here, the I box, the Nate Thoma's, the Danniel Hoffman's, the schapels (sorry if I spelled that wrong) the shareholders that make it to court and represent ALL shareholders there, The objections, the objections to billings by ilovestocks, That all makes a huge difference where this finally ends.

Not much difference on a daily pps basis but not many are here for a nickels worth, but you did just get my 0.02s worth.

Have great day

Yea, a few times for head scratching and crow being served.
Rosen " no examiner blah blah blah"
June 2010. Closed chambers meeting
July 2010 Rosen said " we're ok with an examiner." I was there and saw both Rosen and califano scratching their heads.
December conformation hearing, Rosen liked the bogus examiners report, susman Et. Al. Got it thrown out.
Rodent begging for pjsolomon report.
Rosen saying for years "equity is out of the money"
June 2011 he says " equity will be receiving part of Newco"

Rosen thought the deal was close and thus would be over for him with everyone happy - susman wouldn't budge and unleashed SOME fillings last week.

Been a few times.

You can count on rodent pulling more slick tricks.
Leaving susman scratching his head, I'm highly doubtful on that part.

Wow, nice job Lawrence.

That 30 billion to 300 million conversion is interesting.
Its just a couple zeros that are missing right? Must be just a simple arithmetic error or misplaced decimal point maybe.
Common scrivener's error right?
http://en.m.wikipedia.org/wiki/Clerical_error
F@#%ing crooks!

GFYBR

Wow, nice job Lawrence.

That 30 billion to 300 million conversion is interesting.
Its just a couple zeros that are missing right? Must be just a simple arithmetic error or misplaced decimal point maybe.
F@#%ing crooks!

GFYBR

I sure do remember her asking "what's the hurry" . Rodent stated last year that the burn rate was 30 mill a month or roughly one million per day. I don't believe we've ever seen a line item accounting of that figure, if we did I missed it-if not its just rosenaccounting where 2+2 is always 3 OR 5. I'm not putting much weight on the 40 million a month affecting Mary because she knows how FJR will or will not play into this. At 40 million per month that's still 2 years per billion and there's how many billions? How many 2 year periods can go by?

Mary wants this finished but with no skin off of her nose. She's taken full responsibility for only a few things so far and has been dead wrong or been reversed or reversed herself on those. Fair and reasonable, valuation interpretation, legal likelihood, exchange event, examiner. Something's she's made the right call on a few things when presented with undeniable arguments.

Rodent, he only pushes when he has his ducks in a row, he pushes hard to try and get his agenda past before something comes along and scatters his ducks. Once scattered he stalls, brakes are looked up until the ducks are lined up again then the push is on. Its almost comical at this point. Still hard to predicted beforehand but east to see What condition his ducks are in. Easy to see who's helping rodent wrangle his ducks back into line. A perfect example is the conformation hearing, he was appeasing months old claims and objections from the podium and in the hall.

Just once can we see an order to comply within X days from the bench? Maybe once just have mary utter "contempt" while she sits up there?

Eventually guru- 2x value plus! !

This'll be over when it's over , not 1 minute before-not 1 minute after the final delay has been dealt with . The next chance for the next delay is just a moments notice away. The potential number of delays is not infinite but seems to be undetermined and dynamic.

Whom ever is not getting their way at the moment causes the next delay. With so many potential loosing parties, every development brings even more potential for delay. Everyone is entitled to be heard, so the wait continues while the battle escalates. Seems all that any party can do is cause a delay; a delay that hopefully will lead to someone getting caught with there pants down.

SUSMAN WILL END THIS eventually. It will end when he nails JPIG and FDIC slimy @sses to the wall hard and fast or pulls on the loose thread that unravels the sweater to reveal their nakedness. He may have to cause some delays to do that.

This will go on until the very last minute. If any one can tell me the number of delays left to be seen, I can tell you when it'll be over. Until then, study the DD, research S&G, and have faith.

Brass tacks humm? The most intelligent and highest paid economic professionals have stated the economic crisis's triggering event was the collapse of Washington Mutual. Sure the financial system was an undetected mess for years and still is. The entire global economy was injured. That means every sole on the planet eventually felt it in some way. Considering WAMU didn't collapse on its own, never was insolvent, but was technically murdered as a corporation that should be reason enough. Anyone who says that they were harmed in or because of the WAMU fiasco is most certainly well within their rights to do so. (Who's harmed more is a childish circular argument that's based on individual perception) WAMU was touted to finally push TARP so many generations of the yet to be born are harmed financially by tarp/WAMU.

On the very small micro individual level I agree with you Rockie, the individuals who held this were severely harmed and then add insult to injury forced to sell the shares that remained. They did suffer the greatest personal loss. But no one prevented everyone of those holders from doing the DD or from understanding their investment. Those holders had and still have every opportunity to do just that.

Remember its the paper certificate of wamu stock that was devalued and hopefully will be reimbursed. The holders of that paper can be anyone even Jamie diamonds entire extendeded family.


Good luck to you rockie

Exactly my point, thanks

( got lucky? )