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vulcan, would you please send me this article in an email? i cant seem to get it to copy and paste. pfernelius@peoplepc.com. thank you.
i think it is very reasonable...cheap in fact. no one knows how this is going to go. remember this has never been proven before. the collusion by fed reserve banks to down a stock and solvent bank. using wamu solvency to prop up a fed reserve bank and our govt colluding in the heist. i am up 5000% so far with my pq's..100 times investment for uq's is just getting started imo.
doesnt OTS have to give the fdic go ahead to take down the bank? i think OTS is going to get the brunt of this. they are no longer needed if they have no one to regulate.(IE lehman and fdic) only the smaller banks are left. so fdic would come out on top unscathed. i dont think fdic will be fingered. they were operating on ots advisement. one step closer to one agency overseeing the banks and global governance. jmo
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with all the corruption coming to light with the execs cooking the books you would think that would be the first thing done...getting an EC involved. what do you think they are waiting on?
but the spinoff would be outside bk. shareholders would not get shares in new company. the creditors have to decide if shares would be offered to public. my opinion ...without an EC we are toast. opinions anyone?
another ploy to scare people out of shares. make them think its all over. just watch thestreet.com will put out something and conveniently leave out the orig post date, but will publish todays date of release.
voodoo, i didnt take a hit on pq's ..i added 550 shares at 9,10, and 11 a share. and to answer your question, after the proposal, the EC and UST will get their turn. and of course everything must be seen and ratified by the judge. even if they come to a mutual agreement the judge still has to sign off. i feel we are in the drivers seat now and judge walrath is our copilot.
they arent trashing to destroy it. they are trashing to get cheap shares. they thought their backdoor deal was going through. walrath stopped that in its tracks. now they are the outsiders without lucrative shares. its going to cost them big in monetary means and seats on the board if the EC catches walraths ear about the collusion to destroy shareholder's wealth.
absolutely i agree! and to answer silicon au also. they dont need to have a hearing. thestreet.com and cramers cronies are rosens bullhorns. you better believe if something negative comes out of his mouth...a "leak" will happen with or without a gag order. these guys are scammers and dont fall for it. we all know here what this stock is...a gold mine. and i will keep mine till the end. i have 4464 pq's and 54,000 uq's. so i am puting my money where my mouth is. i trust judge walrath. she hasnt failed us yet.
i think friday will be another rosen prank. i do think wmi will come out with reorganization that does not include us. just to down the stock one last time. keep your eyes open and be ready for the massive dip. i read the last one perfectly and added at 10.00 and wouldnt put it past him to do it again. be ready to move when the dump happens it could really enrich your holdings. i dont feel EC will have the floor until the reorganization is revealed and they can then oppose. but by then the stock will be pushed down once again. we have to be smarter than the average fox on this one. remember wamu was stolen! that is all that has to be said. and it was documented in court by the admission of jpm. that is all we need. dont fall for the junk blogging. if this were worth nothing then why do they work so hard to take our shares from us? because we are in the money thats why!!! everyone of us on every level. jmo.
paulson needed tarp to protect his beloved goldman sachs. the congress was run by democrats. fdic chair sheila bair used to work for treasury. fed reserve wanted funding of tarp so they could send it all over the world to prop up everyone elses economy because of the bad paper sent out prepackaged and sold that were found to not be worth the paper it was written on. valarie jarrett was a friend of jaime dimon and in constant contact with the fed because she was on the board of chicago fed reserve. how better to get the wolf watching the hen house than cause an economic crisis to get obama elected. then it can all be blamed on bush once again. rothschild and barclays is involved if you have researched the kcc site. this is no accident this was calculated to destroy this country and taxpayers wealth. and wmi is playing along. without the EC we would be toast. thank heavens for judge walrath and her foresight. jmo
yea they stole from napoleon, told everyone he lost, then killed him with arsenic. once you are a tool, you are used by them and then killed by them. also hitler was done the same way. he was said to have been a rothschild by some historians. the fed reserve is going after small banks in america now. i heard it from bernanke's mouth on cspan. and when pressed by a texas rep. neubauer..i think thats his name, he asked bernanke about the crisis 18 months ago. definitely talking about wmi in my opinion. bernanke said that is the 64 billion dollar question. why would bernanke use that figure? pretty close to what the settlement i feel would be for wmi with damages and interest on accounts and trademark infringements. jmo.
look at the kcc for wmi. b. rothschild is all over it. they are the owners of barclays and tried to steal wmi like they did leh. leh has a court date of apr 9th i believe to fight for monies stolen by barclays in their numbers scam that they perpetrated with the management of leh to steal from shareholders because they showed no equity. sound familiar? the rothschilds are running the fed, running the white house, and running our country into the ground. read up on it. i feel they are going to pull whatever they have to to get shares from people this week. they couldnt steal wmi so now they must buy them legitimately. and now that our govt has cleared the way for intl investment firms to now own american banks all the better for barclays. that is why they are calling this a global settlement. its not fdic and jpm we are watitng on its barclays and rothschild. and leh i feel will be vindicated as well. too many eyes on both of these takedowns to not payout and make go away. major investor for leh sent in 2200 page research paper on the takedown and seizure and it was scathing. that is why an investigation and filing is being done. too many know what truly is going on and want answers by our govt. and to make it go away alot of money must change hands. jmo.
did anyone see the cspan thing with voelker, bernanke, and the tx rep neubauer? neubauer was asking questions of bernanke about the crisis of systemic risk 18 months ago. hmmmm 18months ago? and bernanke said thats the 64 billion dollar question! voelker said that it didnt matter how many rules were there to abide by. the framework was there for regulation but the regulators did not do their job properly. there has to be oversite of the overseers. they were totally talking about wmi and how the fed reserve banks were seeing dollar signs along with fed regulators and looked the other way. and that things have to be overhauled in this matter. they didnt actually name wmi but you knew what the rep from tx was certainly talking about. looks like they are starting to come out with things and it looks as if the regulators will be the first under the bus!
thanks for the update bbb! i sent my letter today. all wmi stock holders should too. we need to let everyone know it doesnt stop at the courtroom doors. there are alot of innocent victims in this illegal seizure and it was done on their backs for corporate and government greed. if they get away with this illegal seizure your home could be next...and with no recourse. this was sheila bair's test project to see if she could get away with taking down a bank and holding company. something she as fdic had no legal standing to do. that is why banks arent lending. why should they? its more lucrative to get zero interest loans on our dime and invest than take a chance on a consumer going bankrupt. this case is one for the history books. and we need to send all the letters we can to the judge to let her understand we will hold her accountable also if she allows this travesty of justice to go unpunished. i feel she is a very fair judge and her eyes are wide open. without her quick response to rosen in appointing the EC we would have nothing. she is in control. i think right now she is letting jpm and wmi board hang themselves to build the case for shareholders. she sees exactly what is going on and is letting them run off at the mouth. those words they say i am sure are going to come back to haunt them in her ruling for us in the end. and they will pay big! have faith i do. jmo sf. ps/ bbb if you have some good high yield stocks you could recommend i would appreciate your insight. and thanks for looking out for me and keeping me in the know.
this case is the biggest pandora's box. just look at jpm, the street.com, wall street bloggers bashing, headlines minimalizing wmi and shareholders...then the articles and headlines removed the next day. they are circling the wagons for one reason and one reason only. they are scared and on the defense! fdic would be exposed for the ponzi scheme it is...people would be pulling out money and stuffing the mattresses. banks arent lending...why? because the govt with the fed reserve's help took down a SOLVENT bank, and they could and may be next. and jpm threw fdic under the bus saying fdic knew they were solvent. that they were saving their own asses. i have not wavered at all and believe more games will be played this week. wmi is golden and everyone on the street knows it. the articles say about wamuq "may" and "in our opinion" will not see any equity, never "definitely." because they know it will and they could get sued. play this stock for all its worth. flip the crap out of it till the judge rules. make a load of money and leave enough free shares to "possibly" i say probably see 24 to 30/shr. jmo. and i have pq's and uq's so i am not a pumper. but i truly do have my eyes wide open. i added 550 shares of preferred friday at 8,9, and 10 dollars. you cant have fear in bk stocks. trust your gut!
i dont know about voting but when i owned shares of another stock and as long as i owned prior and up to a date and i sold after, i still got the dividends. maybe hammer, viva, jerle do any of you guys know the answer?
voodooo, i think what they accomplished friday was trying to get as many commons out of peoples hands that owned prior to march 3rd, so they could control the fact of the upset proposed by the EC committee overthrowing BOD. i think march 3rd was cutoff for people owning commons who would have voting rights. they are trying their best to outsmart the EC. i expect fireworks this week in the press for sure from EC and bondholders attorneys. and also the guy that twittered friday at twitter/wamu_mutual would know what was deleted in that audio you were asking me about earlier. i believe he posted his twitter email on the page. also did you read the visa shares price? what a joke 50 million? try probably 3 billion. friday was a total fart day. dont read too much into anything written on a napkin last minute. it shows rosen hadnt spent much time on the whole situation. also in delaware its 18months and out. march 26th was the reorg date wmi wanted. my question is with a "proposed fake settlement" can they go ahead with rollout and continue outside of bk hammering each other?
looks like rosen's going to have to pay big to brush our lawsuit under the rug. how else is JD going to replace the lesser corrupt geithner? i dont think just a pardon will allow the appointment after taxpayers get a whiff of this stench.
hi silicon, no the judge said she was going to rule SJ friday. to keep her from doing so rosen cooked up a scheme to delay further. he called it settlement she knew better. she had to have known what was going to take place though. but she didnt allow anything to get done and even questioned him on something that was conveniently blacked out while i was listening and even on tape. he helped her not to rule. she let him rant knowing full well he was deranged. the poster on twitter said she looked like it took everything to hold back a smile and laughter. it was a ploy by jpm to get shares out of newbie hands. the ec was there too they knew what was going on but it wasnt their time yet. they werent on her docket to be heard. they needed more time and got it and got shares from people that didnt understand this wasnt THE settlement. look at bear stearns it took a couple of these things to finally get it right. when it comes from the judges mouth then believe it not rosen's. and did you see the opportunity NITE took to sink lehman shares too? how convenient. ask yourself why all these shares dropped at the same time. ask why barclays is sniffing around. i think a big play is coming soon on both. just read everything you can everywhere and flip on the dips. leh is also heating up with conspiracy and enron type fuzzy math. things are definitely getting hot~
sorry to disappoint...but i'm a dudette! thanks for the kudos.
fish, are you searching previous cases with same circumstances? what about the savings and loan bank in texas that the fdic took down and then had to return. where could you find info on that. mcccain was involved in scandal. it was in the 80's i dont know the name of the bank. but i bet when you find it you find case law we could look into. they fought against the fdic and the fdic had to pay big. seems history repeating itself. sf
absolutely no way!
you have to submit to the judge what you are bringing in front of the court. she knew what he was going to say. she is there to question his line of thinking and make him substantiate any claims he is alleging. no one was ready friday and she was going to rule. this was another delay facilitated by rosen for jpm and to give the judge an out on friday.
because Starke wants the shares for himself and his hedge fund. this stock is going to be bad mouthed till every share possible has been squeezed and bought by jpm and all the hedge funds associated with them.
remember fish, barclays is rothschild. he's all over this. he tried to take us but now he's got to buy us fair and square if he wants us. i certainly think a bidding war could breakout as soon as "agreement reached" and reorganization is announced. the banks that didnt get the chance last time would certainly like to get their hands on our holding company and its holdings for sure. i still think with lehman sitting in bk the holding companies could merge. barclays is just sitting there ready to pounce. jmo.
no i think this whole thing was already planned out. the EC was there just to make sure they didnt pull a fast one other than the triggered dump they setup. as far as the cloak of secrecy...the 9019 that the judge referred to, and rosen quickly moved away from talking about,gives the judge an out on SJ on 4.4bil. so everything else decided on to include the U.S. trustee and the EC will not have to be heard in a hearing in open court. the cloak of secrecy is the ongoing negotiations they now are able to have, without the press and kcc documentation. the fdic and jpm did not want anyone seeing the real numbers. thats why they threw out ridiculous numbers friday and the judge choked when he uttered them. all parties involved, i am sure know what the ballpark numbers are and those are the finite things the robbers want lockboxed after settling. jpm wanted a controlled settlement. they couldnt afford us if they had gotten in a bidding war with GS, Banco,Wells etc.in the beginning. but now they cant afford not to settle. remember criminal investigation could happen if everything is kicked out...or vaporized. their settlement will have to be equitable for all involved to make this go away and it is in the best interest of this administration that it does. Because shareholders arent under a gag order and could cause a lot of problems for them if they dont agree with the EC. this could very well link and implicate people in the WH for causing a politically generated economic crisis. and no i dont have any figures..everything is speculation. if anyone tells you they heard something thats false. all parties are under gag order and confidentiality agreements and could go to jail if leaked. and EC would not have been called unless all parties wronged were going to be accomodated. this company was stolen not upside down. so all shareholders should be fine. but this is my opinion alone. to let you know i own both pqs and uqs and lehman pref too. parlay!!!
no but i dated some in my 20's. you simply have to stay one step ahead and think like a fox. they are all gray, no black and white. also i am an avid reader of anything legal. sort of a nerd in that way.
Bingo! people here give the judge crap. her docket was about return of property stolen and fdic stuff. rosen just deemed it "settlement."IT WAS NOT EC'S TURN YET. jpm needed the good press to keep their shares from dropping. you have to save yourself first and sure up things before settlement. they needed the cover. judge wanted cover on 4.4 bil. that was achieved. jpm wanted some lowball numbers so they could boast and not have people sniffing around. they are covered for now. with the question of 9019 by the judge, she was acting in our interest by questioning signoff by only 3 and litigation going further. some said it took everything for her not to choke when numbers were announced. this settlement is now under the cloak of secrecy. they will pay and pay big. they just want a controlled situation with a lockbox ending. they know what they did. fdic knows what they did. wmi definitely knows but tried to screw shareholders. and the judge saw everything happening and knew equity was abundant. thats why the u.s trustee was called in. what bk company gets an EC at the end of their term in bk? not many. U.S. trustee is there to save face for the govt. fdic is a crooked arm of the treasury, but is in itself a private entity. they are there to keep as much money in the treasury as possible. thats why they can be sued and the govt cant. the govt u.s. trustee is MIGHTY MOUSE. he's coming in to save the day! and the fdic will be vilified for illegal seizure but the govt will be seen as the saviour. i personally dont care how they stage it just pay me and pay me well!!!
thank you for your vote of confidence. i truly enjoy talking to the board when i feel i need to have a say. this incident was a thumb or maybe a middle finger to the stock holders and EC of wmi by rosen. what a jerk. cnbc.com is now pumping pref for 200/shr and say commons are worthless. what a joke. they arent worthless if people are paying a price for them! that is why i say flip till the papers are signed and if you are skittish about holding commons long term ...flip them for a profit and trade up to pref shares. keep making money this and next week. dont give up. this stock is a true gold mine and they know it. its one hell of a chess match and we will be the one with check mate! they signaled the MM's friday with "i know there are alot of people listening in to this case." think about it...why would he even acknowledge the audience at all? why the cheshire cat grin? it was a trap. many here, some long timers fell in. but there is time to regroup. "pants on the ground right now....their pants in a sling in a couple of weeks! we will have the last laugh but muted it will be, because the 9019 will allow for them to negotiate without a further hearings. that means no kcc paperwork or the paperwork blackedout or redacted. it will be signed by the judge and locked away forever. this ruling would destroy the fdic and fed reserve and they know it. just look at the non coverage by the press about this. truly david and goliath. they have their bloated press with the false numbers to boast about, but we know the true value. truth will prevail. we will win. have faith!
uzual, EC wasnt a party to todays event. this was recovery of the 4.4bil and what jpm took beyond the deposit. wmi vs. jpm. rosen called it a settlement. yea a settlement of the heist of stolen property only. they have yet to pay for the bank, providian, trademark infringement, etc. this was a way to get walrath off summary judgement. they could not have the 4.4 bil ruled on. this would be precedent set and jpm couldnt continue their raids on banks. the returns to fdic and jpm seemed to be too perfect and offset the return of deposit perfectly, dont you think. the visa lowball was a joke. jpm needed a delay, walrath saw what was happening and questioned rosen about 9019. jpm needed to look good to their shareholders so their stock didnt tank further. and rosen sent two signals during the reading of the numbers. one was that this could be overturned by the party not in attendance and the so called settlement would then vaporize. the other is when 9019 was mentioned and rapidly moved off of by rosen. 9019 allows negotiation without further hearings. now the EC can step in for us and nullify the junk they proposed today and get down to the real numbers. once again jpm needs a controlled settlement..one that is signed and sealed away from eyes of the taxpayers and shareholders destroyed by their sinister takedown 18 months ago. it is going to take alot to keep the shareholders quiet so i think things will look up real soon. wamu and wmi were solvent and stolen dont forget that. jpm wants you to forget. but the EC will get this done imo. and i hope the criminal investigation of fdic and jpm is not far behind by senate. what a travesty of justice this would be for these criminals to walk free from the biggest bank heist in american history. jmo.
bull, you need to pay attention to our totem pole. shareholders-owner of company, wmi-owner of property stolen, jpm- thief and facilitator of takedown with implementation of moles, fdic-sidekicks that helped jpm so they could save their own butts from having to cover deposits, EC- economic justice for shareholders stolen from. real summary judgement- priceless. jmo. also make sure you tell JD to keep his head down in the WH kitchen. the real fallout hasnt happened yet. he may need a pardon. just sayin'.
yea the 9019 allows the lowball offer to be modified without further hearings but will have to be signed by judge. i think this is the confidentiality agreement part that will be buried. EC is up and bases are loaded. we will be loaded also upon true settlement. have faith. jmo
thats exactly right wamuvoodoo! it gave judge an out so she didnt have to rule on 4.4 bil. so no precedent set for future case law. rosen causes a panic so the shorts can cover their positions. and they get great press for jpm and fdic so no criminal action will be uncovered and their stock doesnt drop... yet. probably shook some employee shares before the 23rd selloff too! now the EC can step in with trustee and get the real price for the bank and damages to give equity back to shareholders. remember EC has members that are deep in commons also. this isnt over yet. i bet we see alot more dumps before the 26th. remember pinks are manipulated to death until the papers are signed and confirmed by all parties. now we get to see what wamu is truly worth. keep buying and flipping imo.
i certainly didnt know until the judge asked the question of the attorney.
this was a jpm setup. EC wasnt invited to the party. jpm has to get out some good press for them and fdic. "see we gave the money back arent we great?" this is the property heist giveback that they stole. the judge said what about the EC? and the lawyer said "we know" really fast. and this is open until they have a chance to look at things. the EC is next and they will get fair market for the bank plus damages. this was a way to shake the shares one last time. this isnt the end and could very well be a signal to the banks that were shut out of the last supposed auction. wells, banco, barclays could very well get in a bidding war for the holding company. jpm wanted the bank and they got it. the EC will do their job now and get the best price for shareholders. but the headline for jpm and fdic will be more muted after this settlement. because that would prove solvency and illegal seizure! with the 4 bil giveback wallstreet now knows it was solvent...not the normal joe. jmo. and i flipped for and added pref shares at 9 and 10. i had a feeling it was going to dump and im glad i had some money and stock to flip.
absolutely, especially when half the newbies think they are buying the bank stock! what's a holding company? lol!!! keep flipping till the end and take advantage of the fear factor.
my opinion at least $30 per share. they will have damages and they have yet to pay for the bank. today was just the giveback from the heist. this is going to get hot really soon. alot of banks were left at the door on the supposed auction. wells, banco santander, barclays..etc should be sniffing around real soon. i think bidding war could break out. jmo
the 6 billion is just for what was legally wmi's. it was stolen by jpm. they have yet to pay for the bank. the 1.8 bil went back to fdic. wmi was never paid for the bank. this is far from over. this was the MM's chance to get out now. this could really become a bidding war between wells, banco, jpm, and barclays. who knows what shareholders will receive. we'll see soon!