Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
if they give everything back that opens them up to numerous lawsuits. the only way they can settle is (by adjusting the price)
I thought the same. False hopes related to jpm shareholders because their shares could "plummet" if Jpm renegotiates purchase price.
reading that, I thought Dimon informed his shareholders atleast 2 times that there is ongoing litigation regading Wamu and they dont know how it will turn out. I also believe he has stated publicly that the FDIC will have cost them alot of money.
let alone jpm made $500 million profit before they seized wamu. after wamu is a different story. One of the top legal malpractice lawyers in the county says lawyers even after they lose against him they still think they were in the right. Most crooks continue to be crooks until they are caught. Dimon has already informed people that he will step down from jpm. Hopefully it will be sept. 1 just like the pos gm ceo. Maybe Dimon will step down after he is deposed. He mught try to use that as leverage to avoid being criminally prosecuted. It does happen. I would accept a low ball offer if all the crooks go to jail. Especially Rosen and Bonderman......
sheilas depends...lol. go examiner
I seriously doubt examiner will go to Soloman. The examiner is on their own. They find out alot more than Soloman can and have alot more power. If the examiner comes up with a low estimate and if Solomons limited analysis differs greatly, then through Susman will we have Solomans work thrown in there. Our examiner has a v.i.p. to get into to the club and Soloman is waiting at the door is how this is.
I wonder if anyone has contacted any reporter following wamu and informed them that the FDIC cannot seize a holding company, that neither party FDIC or JPM would be able to claim wamus nols, and how the reporters should add this to their reports...
any wrong doing proven at all gets every class paid. Not to mention bondholders will have to be disclosed before settling if common are left out. Examiner should depose Dimon first over a period of several days.
we will get the shareholders meeting after the examiner finds that we are worth more than what was paid for us. That isnt a know it all statement, that is common sense.....
yes. good thing. fdic trying to limit their damages. which can get us more money from jpm. fdic smells a rat maybe.
the fdic can say we made mistake on value of wamu. jpm, you have to pay more money. In the tens of billions of course....
bop posted that the fdic is holding the contract over jpms head. they fork over 30 billion more and we might just give them a ladder. I think they will have to pay more than that...that would be great if whoever bought wamu stuff from jpm is also now on the hook. just like if you buy stolen property, you are in some trouble almost as much as the person that stole it.
I wonder what the unliquidated amount is...
she should want to get things rolling. Giving examiner full subpoena powers will eliminate the unlimited surplus of delays. Dimon and Bair should be the one two punch.
I thought of that being a possibility as well. 5% makes a difference when you are talking a question of $30 billion or more.
dont forget they will also talk to our former bod. which is fine. fdic cant hide. I cant wait for Dimon to be questioned.
What did you mean by you could buy wamu for a dollar. you actually think you can pay $25 million for $250 million in stock. I dont understand your reasoning behind this. Wheres the list of the assets your company received? Well I guess since you claim you dont have one, you can just give all the stuff back. Now lets talk about your 2007 - 2010 profits. I see you made $500 million profit in 2007, but 2008 is a different story. Can you explain how it increased significantly from after wamu until now if you dont have a list of assets. Also be sure to include your billion dollar plus loss on Bp on your 2011 taxes. But not to worry about that one since your shareholders will eat that loss. Now on to your company emails regarding wamu before they were seized. What about your former employee who was in charge of mergers and acquisitons that went to the Fdic. How many times have you talked to him since he has left your company. Now on to that pretty sight ol' Sheila. How is she nowadays.. Is she going to be a waitress at your restaurant. Ragaring the $4 billion wamu deposit, where has the interest on that gone for two years.....
examiner means nothing until he is finished with his evaluation, or finds proof of any wrongdoing. as far as the other poster that stated that preferreds have to be paid in full before commons receive a dime is fos. we are not in chapter 7 bk. any wrong doing what so ever resulting in any class of stock receiving any money other than wahuq would prove that there was fraud committed. Trial will result in 3xs damages. People should know this by now or get the h off this board.......go examiner!
slow month ahead. I got this post from yahoo. we should make well over 300% gains. Go examiner.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=tm&bn=86316&tid=522772&mid=522772&tof=8&frt=2
bench trial. I have been in court 7 years and not finished. Jury trial is the quickest because you are in court until it is finished. Plus they claim jury trial is alot more expensive. I hope DOJ goes criminal if examiner finds fraud. that would even be quicker than a bench trial. bench trial is delay after delay. Dimon could say he has a meeting for several days and they would let him out of it for that amount of time. Go examiner. If the judge will do it with no delays that would be fime as well. But we obviously know she will allow delay.
Considering juries always award more damages than the judge. highly likely it will be a jury trial.
actually the visa value could be determined in about 30 seconds or less. that issue would be the easiest to figure out by far.
go wamu examiner. I want the question answered by those responsible why we were seized on a Thursday versus a Friday.....
good luck flipping. considering with the only positive number thrown out there in court is that we would only receive .18 a share. so that would get you $325 a week, if you are lucky minus commission. that is about the same as working at a sweat shop job and they would give you benefits.
that is where they mix up the ticker symbols. rotella was poof in 2008. he sold his home after he wanted about a million more than what it was worth. that was probably the realtors mistake anyway. we still are owed tens of billions. Dimon said billions more that what he paid for wamu. But you are right about rotella not working for jpm.
I see some antitrust law specailist on the MLA staff that is assisting the examiner. that might take care of the too big to fail...
David E. Gordon who is one of the lawyers from MLA helping examiner. He helped ex. on Refco case.
Most recently, Gordon served as counsel to the Official Committee of Investors in the substantively consolidated bankruptcy cases of International Management Associates, LLC, et al., United States Bankruptcy Court for the Northern District of Georgia. Gordon also served as counsel to the court-appointed Examiner in the bankruptcy of commodities broker Refco, Inc. in In Re: Refco et al.; United States Bankruptcy Court for the Southern District of New York.
the first plane is the cessna 750 that wamu owned. The used price is right at $10 million. The 747 run $350 t0 $400 million without seats or interior.
http://www.airliners.net/search/photo.search?regsearch=N750WM
I think they are all the same plane
Put them in prison......10 years per billion each..
heres one. it will be halted in morning. for the entire day. settle over weekend. Yeah right, we will be here for awhile. but that would be nice to settle over the weekend. who wouldnt leave a poor pay job regardless of the timing. If any of you made $100,000 a year and had the chance to be your own boss and make unlimited amounts of money, wouldnt you do it. Immediately for that matter.
true no list, no por. I said month ago cpa would have all the info. or the irs......I guess now we are go examiner mode.
question nominee....
examiner finds billions more in equity for the estate.
do we still need shareholders meeting.
I feel that the bod couldnt shaft us then. They would be 100 miles and a running.
wont he see through the examiner filings. also mcmahon and deangelis should steer examiner. he should know what to look for as well. there should easily be $50 billion in assets. I found out Saturday a Southwest 130 passenger jet cost $45 million. we had several jets, and I bet they werent from the sixties. The new bank in Texas that they bulldozed was $2 million, and it wasnt even moved into yet. $300 million in Visa as well. That should not have been discounted. and all Rosens bs fees, yeah, we want that all back too. Plus 20 years in the pokey. As well as all of JPM bonuses for 2008 and 2009. The govt. should have stopped that anyway. Just like aig or gm I believe.
keep in mind the Refco attorney obviously thought he wouldnt get caught. The FDIC is on the hook for seizing a holding company as well. Let alone, the 3.1a will have to surface one day. Or we can just take Dimons word for their profits, which they are still making.
examiers findings could be sealed. fdic/ots still could take the fall and say they jumped the gun. Offer around $30 billion more. Jpm offers swap for pre-seizure holders. Rosen could even be the fall guy. Dimon, Bair, bonholders, and Rosen are the guilty parties. lawyers are a dime a dozen, but Ramirez will change that. Rosen at minimum should be disbarred....Dimon will leave JPM about the same time this is finished. Just like the BP guy, and he already has another job.
any amount found over what was paid for us will amount to damages. if that is the case, there is no way that commons will not get paid.....
also if there is any money to go to any class, that proves fraud, which will be able to get the commons paid.
when you get a chance. I believe the examiner would have until the judge approved examiner to sell his shares of JPM. Maybe he was shorting it. lol!