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ASAP....LOL no worries. Like i said this will take a while. IMO pps won;t jump too much tomorrow, still so much vague information. I obviouslsy would welcome it though. BURN SHORTY BURN
moved to 10:30 am Feb 5th
it did, she hasn't denied, simply isnt prepared to rule until WMI can prove that JPM and others arent cooperating thru freedom of information act
attorneys are trying to figure out if they want to continue today or set another date next week. Come people...lets finish this
thats what i heard although initially she said i'm going to deny motion and then proceeded to state she not prepared to enter an order. So motion kinda stands. as I understand it.
not prepared to enter order...huh?
motion denied for further discovery :(
not sounding good. THJMW saying not enough proof to request 2004..."you just can't hand out supenoes"
2004 discovery in discussion now
Agreed! but would be nice to have 2004 discovery in our pockets too.
wtf is up with the audio?
all i know is we came back from 1st break and bam....beeping> what's up?
not concerned with FF ....IF pps moves in germany or goes down....who cares long and strong and holding until they;re worth some dough or zero! whatever comes first LOL
anybody else just hear beeping? court has not been ajourned has it?
keep reporting board still too excited about EC
not just that the EC was formed 2 years after original BK filing of delphi (2005) in 2007 and was disbanned in 2009.
After 2 years at the rates Weil and company charge i'm guessing we'll be disbanned too. LOL
My point is the EC was already operating and in full force for 2 years before it was disbanned.
it wouldn't happen thursday
wow volume is pathetic. even the mm's are scared here lol
I unfortunately agree. This will be a longer battle. Hopefully the Omnibus is longer than 10 Mins this time and depending on the rulings we will see an array of appeals... It is understood the company was solvent, it's a certainty by my own DD and many posters here that Wamu has equity. IMO it's simply a metter of when not how. JPM i beleive is willing to settle this. They offered $8 they might as well give WMI that. FDIC takes all of their court cases all the way.... even when they lose they take forever. I read about a case settld by the FDIC that took 7 years
http://www.reuters.com/article/idUSLG45357320090116
another one that lasted 13 years.....
http://www.law.com/jsp/tx/PubArticleTX.jsp?id=1202426902839&slreturn=1&hbxlogin=1
I agree which then pretty much throws out the notion a settlement will come anytime soon. we got another year at least. If it took 16 months to come to this, then I can't imagine a global settlement being much quicker.
I just want this to go over $1.00 this will hopefully intrest new institutional investors
thank you for claifying that difference. Agreed. the EC IMO gains more power as motions appear. I have a feeling we will see more tomorrow! LOL
all these motions miss the actual point. The equity isn't based on tax refunds, 4B, and such!
wamu was purchased for 1.9B are you kidding me?
that is the entire argument, equity will exsist, otherwise why try so hard to disban an EC. the judge would obviously understand no equity is available and wouldn't have approved or heard the US trustee in the first place. Just as it's intervention was denied twice in the past....we never saw any such motions in those 2 past EC requests..... I wonder why?
Beleive what you will. I'm invested win or lose!
stay strong longs, stay strong!
haven't they shot themselves in the foot with this motion.
WMI was sold to 1.9B that doesn't cover the 13B in liability and junior/senior bonds....
bear stearns: 11B market value JPM paid 3.4B
Indymac: 32B market value was sold for 13.9B
WaMu: 307B sold for 1.9B ?
i don't think they are taking this into consideration.
you can go to:
http://www.fdic.gov/bank/individual/failed/banklist.html
the list of failed banks, compare most of the failed banks net worth vs. what they were purchase for and you'll find the answer. Wamu was stolen!
GO EC!
fixedops: thnx for the PM I am not full user so can't PM. I agree 100% I sometimes get caught up and can't help but call out the obvious! GLTY and thnx for helping the board broaden it's intelligence in regards to WAMU
GO EC/JOYCE/CROSS
beyond all those good arguments, the bottom line is; why is an EC so scary for JPM/WMI BOndholders etc....?
If they have nothing to hide and there is in fact no equity, there should be no motions to disban...It's not like an EC can produce equity from thin air....
GLTA
GO EC
From ghost on Yahoo Delaware Appeals (Judge Sleet
"01/25/2010 SO ORDERED, re 22 Proposed Order filed by JPMorgan Chase Bank N.A., ORDER setting briefing schedule: re 22 Proposed Order : ( Appellant Brief due by 1/25/2010., Appellee Brief due by 3/1/2010., Appellant Reply Brief due by 3/17/2010.). Ordered by Chief Judge Gregory M. Sleet on 1/25/2010. (asw) (Entered: 01/25/2010)
man we have a lot of reading to do today!
you don't need to report anything, I will call in and listen like i did last time. I was referring to your "so called classic" comment before Rosen answered that you raved about that day.
No worries, I never really pay attention to your posts anyway...
I find most poeple that can't receive constructive criticism usually aren't worth discussing anything...Good luck at the omnibus!
Go WAMU
no problem, thanks for going to omnibus..... but do you think you can take some notes this time? Your memory sucked in regards to reporting from the EC meeting LOL ( that was a joke, but do me a favor don't disrupt the courtroom by bum rushing THJMW, that wouldn't help, or feeding Rosens answers before he actually answers)
I appreciate you going to both and don't take it the wrong way, just friendly advice.
GLTA
can you guys please take this discussion private or elsewhere....no need to post here. Maratano I wouldn't even continue this discussion, many posters can claim whatever they want, evidence is key and in the end, it's not who has more or less.
GO JOYCE/CROSS/and the REST OF THE EC
it's what keeps the world revolving. People are born and people die. even when people die others profit; hospitals, doctors, morturaries, cementaries...so what is your point?
One man's trash is another man's treasure....
jamie is that you?
lol
ok? did you read my post? I never claimed JPM was going down based on wamu, nor did I mention the market, or even a settlement scenario. I simply responded to another posters comment on REAL's "tanking" comment which he posts everytime JPM is slighty down.
although I wouldn't call it tanking "REAL" the last time JPM was this low was in Aug 2009. So technically it's steadily dropping. Also consider that 11 days ago JPM was at $45.00. I am not justifying Real's tanking comment, but understand his logic
merely making a point as investors I would have been happy with that. My point is not the dollar amount, many months back before discovery and such, they could have liquidated wamu at for much less
I wanna see Dimon scramble, run for cover, avoid the media...like the rat that he is
i was reffering to after the seizure, cause before i didint own any stock here
i doubt it not enough buying pressure...and hard to do when a 100 sahre sell brings down the pps, 1% sheesh. MM"s are dirty, dirty bastards
the funny thing is they could have offered $3 a year ago and this would have all gone away .....greedy bastards
Stupid question? If orders are being filled below the set ask, as a few posters mentioned, wouldn't that indicate a consolidation of shorts. MM's trying to make a few more cents as they cover?
just asking?
well we can all agree on that. how is it that idiots get these writing positions. And if you're going to write what your told, just go back to grade school.... LOL
barely....pathetic volume
Kevin Starke and Jim Cramer can hold hands thru this:
"Starke believes Washington politicians and regulators will be hesitant to reward vulture investors who have bought WaMu securities on the cheap following its 2008 bankruptcy"
"While shareholders who were “zeroed” by the sudden seizure of their bank are hopeful of what these investigations may reveal, which may include reparations, Jim Cramer’s TheStreet.com states that, “Washington politicians and regulators will be hesitant to reward vulture investors who have bought WaMu securities on the cheap following its 2008 bankruptcy.” Oddly enough this statement comes after the same article recommends investors purchase the distressed senior bonds of Washington Mutual Bank:
WE'RE VULTURES FOR BUYING ON THE CHEAP? WHAT ABOUT ALL THESE CROOKED MM'S THAT HAVE SWINDLED BILLIONS FROM THIS STOCK FOR 18 MONTHS AND CONTINUE TO MANIPULATE IT, OH IT'S OK FOR THOSE HEDGE FUNDS TO MAKE MONEY SHORTING DOWN, BUT WE CAN'T GAMBLE ON THE FACT IT MAY RECOVER?
I'm gonna send this to jon stewart; he loves picking on cramer....we should all do the same.
GLTA
go JOYCE/CROSS/EC