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GM WAMUQ, hope to have a very encouregeing week.
There were some (t) after hours sales at .105, bu the officail close will still be .10.(mo)
Been a down week in the market. Let see what happen next week.
I agree thats a small quantity, could ahve been lefted out.
"Previously, Winning Brands deliveries to Winning Colours retailers in Southern California were through out-of-state distributors and managed at a distance, which hampered growth".
Higher heights today, glad I h0ld on to this one?
Nice find GT. That should give a good scope of her fundamentals (Sound)
Factual and true; It's a gamble. My thing is, if WAMUQ wins, commons wins also. I can see the shinning!!!
Been watching and waiting here for a long time, Go WNBD..
Thirsty, have a cold beer on me. WAMUQ will survive...
VA in the house, GM yes, yes, hope today is the day!
Investigators say Fed threatened bank CEO
By ANNE FLAHERTY, AP
WASHINGTON — The Federal Reserve threatened to force the ouster of Bank of America CEO Kenneth Lewis if he didn't follow through with plans to buy Merrill Lynch & Co., Republicans said Wednesday after reviewing internal documents.
Republicans also said there was evidence that the government tried to restrict information related to the merger from being publicly released.
However, none of the documents showed that the government explicitly instructed Bank of America to hide Merrill Lynch's losses from shareholders, they said.
The House Oversight and Government Reform Committee is investigating claims that top government officials, including then-Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke, urged Lewis to go through with the acquisition and not disclose to shareholders the details of Merrill Lynch's deteriorating financial state.
Lewis was scheduled to testify on Thursday before the panel, which is chaired by Rep. Edolphus Towns, D-N.Y.
Bank of America has received $45 billion from the government's $700 billion Troubled Asset Relief Program. As part of that money, the bank received $20 billion in January after Lewis requested it to help offset mounting losses at Merrill Lynch.
According to an internal memo prepared by the committee's Republican staff, Paulson and Bernanke "put a gun to the head" of Lewis and Bank of America's board of directors to force the merger even though Lewis "felt it was his duty to his shareholders to try his luck in the legal system and back out of the deal."
As proof, Republicans cite several documents including an e-mail by an employee at the Richmond Federal Reserve who said Bernake had made it clear that if Bank of America backed out and needed financial assistance, "management is gone."
Just a few weeks after the deal was completed, Bank of America's fourth-quarter earnings report showed the hit its balance sheet took on the Merrill Lynch transaction, making Lewis the target of shareholder anger.
In January, Bank of America reported a $2.39 billion fourth-quarter loss and Merrill Lynch disclosed a loss of more than $15 billion.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
http://www.comcast.net/articles/finance/20090610/US.Fed.Subpoena/
Thanks for the screen shot!
I am ready to rock with SYNJ, hope SYNJ is ready to roll today. lol
We are still eligible for restitution from the Government; Hearing will be held on the 22nd Juen 09?
This stock seems like it was being suffocated, hope this cause some up movement now?
Yes, JPM need to be spanked. Spank that ass. GO WAMUQ???
True, True; GM BK is like a force BK. Totally different from WMU. We already know that GM common shares will be worthless???
I will go with that! close in the green..
It's game night folks; go WAMUQ, Go Orlando!!!
If it can get back tp 50c, that would be great.
I think Weil should go for more than blood; squeeze every thing out of JM Chase. Go WAMUQ
Waitng for the bounce!
Could be down for awhile?
yes, been out since May 4th?
Watching, wishing and hoping?
8.5m buy, last minute, could be interesting next week??
Don't disk th ejudge, she has done you no wrong?
Not sure; People may be tired of holding with no up tick in a long time?
Good to see .35 again, my entry point!
It is going down today, need to get the hell out here?
How about "GoldenWAMU" Have a very memorable weekend.
BigWill
USMC(R)
Staff Changes Coming At US Treasury; Lambright Leaving (Fannie Mae)
WASHINGTON -(Dow Jones)- Several staffing changes are in the works at the U.S. Treasury Department.
A Treasury official Wednesday confirmed that James Lambright, the chief investment officer of Treasury's $700 billion Troubled Asset Relief Program, plans to leave the department. Lambright has been on board at Treasury since October, when he was tapped by then-Treasury Secretary Henry Paulson to help oversee the financial rescue fund.
Last month, President Barack Obama nominated Fannie Mae (FNM) Chief Executive Herb Allison to oversee TARP.
Separately, Lazard Ltd. (LAZ) investment banker Jim Millstein has agreed to join the department as a top staffer. Millstein is not a political appointee and thus won't need to be confirmed, said the Treasury official.
At the same time, Treasury's communications office is also experiencing changes. As reported earlier this week, Treasury's chief communication officer, Stephanie Cutter, plans to leave the department for the White House, where she will help coordinate the confirmation of Obama's upcoming nominee for a seat on the Supreme Court.
Meanwhile, the administration is reportedly bringing former Clinton administration spokesman Jake Siewert on board next month.
-By Maya Jackson Randall, Dow Jones Newswires; 202-862-9255; maya.jackson-randall@dowjones.com
From FNM Board....
The FDIC is trying to get the trials to DC where they can control what goes on. Case assigned to FDIC friendly judge??..mo
Adjourned until June 24th.
Something from the court:
WMI Atty:
Says case law stated by JPM does not stand in the way of 2004 discovery
Going for jury trial
JPM. Stacy Friedman, from Cromwell law firm:
Rule 2004 is not without bounds.
One bound is if there is a related proceeding, discovery should happen there.
Quoting Title 12, doesn't compel
Talking about DC action against FDIC, that is related.
And that the discovery should be limited to that.
Judge Walrath leaning toward WMI, saying it's not 'related'
I am not happy myself, but I can live with the decision another 30 days or so. Today is my birthday and was expectinbg a gift from Jared, not so, I have to go eat my ice cream cake and wash it down with a couple shots of some thing??? lol
That is a very strong question. A modest anwser from me is, when they screw all the current share holders, and TPG and fxxk confu. Who will buy the new shares of a company who just ding all their loyal share holders who stand by their side when they were down?
For sure, those new lawyers are the ones who are going to tear JPM a new asshxlx*...
Thanks; Think I will hold a small position and watch!
Would like to get in on this, what the good word?