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yes, thats it. but it wasnt phased out. jpm was actually redoing all of their branches to mimick wamu and got caught. contractors had to stop the remodels because of the patent infringement. jpm didnt pay wmi for that. they just thought they could help themselves to everything since fdic gave them carte blanche!
jerle, i watched every tick and i saw the ask at 134.50 for a split second today, but they didnt let it show as a high.
i understand what you are saying. but do you also understand that they ignored the interior patent to reconfigure these banks and must pay wmi for trademark infringment also. that is why some have tarps and some dont. some interior remodeling has been halted and until jpm pays nothing will change. who's to say the judge wont order the banks returned in whole and a real auction is allowed to take place? that could happen too. jpm does not have legal title to anything. washington mutual was stolen. you can change the fascade but that doesnt make the property any less stolen.
nothing is permanent in the banking industry! especially jp morgan chase. are you kidding? those signs can be removed with the stroke of the judge's pen.
i have never owned those dogs before. but i bought a shih-tzu and also a malti-tzu. and they are the best dogs i have ever owned. very smart and intuitive. they dont shed either. very wonderful dogs! speaking of dogs...wonder what jaime dimon's doing? writing his speech for the bank crisis conference in washington coming up soon? wonder if he'll have to talk about wmi? going to have to clear this up or he's fair game for inquiry by committee! +++out of posts for today see ya'll tommorrow when we top 100.00/shr i believe in pq's. jmo.
analyzation has been done by the wmi millionaire researchers. dont know why L is beating this drum over and over. just accumulate and watch the outcome!
absolutely, diversification is the plan now. i feel all classes will see resolution. just buy the level you can afford now..kq,hq, etc. the big boys are going to be taking the pqs to the next level real soon. hold tight to those! im hoping for dividends and still keep shares intact. you know you and i have really been the only ones to say the company would stay intact. everyone else is screaming buyout and stock swap. you cant buy someone who doesnt want to be bought. wmi is in the position to overtake the whole banking system. they have a clean book, they never took tarp and does not have to answer to the govt, nor will their executives be hindered by pay manipulation by feds. they are clean and i feel untouchable after all this is said and done. once bit twice shy. i dont think the feds will try that stunt with wmi again anytime soon.
the pref are now too rich for my blood. but i hope to buy more uq's before they start to go. i only had 10,000 dollars to start with and i bought pq's back at 2.65 and flipped them into lehpq and wamuq and was still able to end up with 4200 shares of wampq.
doesnt it feel great to do Gods work? i read somewhere that "friends are angels sent from God to lead you down the path of life and steer you through the hairpin and wrongway turns to the straight and narrow." pretty cool i think.
i have already blessed my church with $15,000 last year. so im walking the walk and not just talking.
thanks! i try.
thank you. i do my research. i treat this stock and others like a full time job. i have alot of friends and family in this stock. i want to help change their lives for the better. god has blessed me in so many ways and i want to pay it forward. good luck wamuers. but i dont think we'll be needing much luck here with the constitution backing us. illegal seizure and takedown is a big no no! thus, the deafening silence in the media and elsewhere, when they talk of the banking crisis. never a mention of washington mutual. thats weird? i thought wmi was the biggest failure in american history and no coverage. people we are golden!
lehman has to do a "spinoff company" to give value back to the shareholders. the gov't was suppposed to "back the transaction" for barclays but failed to do so. our govt said they were at fault and it was a misunderstanding. this was no misunderstanding. they wanted to down lehman so they could get that much closer to a global banking system. drop the ones they dont want to survive then mold the aftermath to fit the agenda. why couldnt leh spinoff into wmi in an agreement? they cant be touched in bk. and weil is working both cases. it could happen. these "zombies" are not going to die or go quietly! so the govt to include the u.k. must pay to shut them up and restore them!
your absolutely right fish, this is going to be buttoned up tight very soon. they may use bair as the golden scapegoat in this case. but i think paulson has some "esplanin'" to do. he could very well end up in jail because he ordered the hit by OTS and fdic. with the email by bear saying"we're glad to see you're on board with us," screems conspiracy. collusion, extortion, and unconstitutionality. which means WE GET $$$$$! i dont believe there will be a payout to shareholders. i think we get reissued shares in the new company wmi ticker symbol and its off to the races. wmi is already hiding values of holdings so they can stay in bk protection. there is no way they are reporting all assets right now. i believe providian will be returned wholly,(accounts are already earmarked for return), the skyscaper is "bought" by russell awaiting wmi breakout from bk. this transaction facilitated by weil attorney to hold place for wmi so no one else could "buy" the skyscaper in seattle. i think the whole thing about jpm "selling" anything of wmi was a smoke screen and a hoax. how can you sell something you dont have title to? and with weil,bonderman, and wmi having their "plan ready to roll." their is no way they could have transferred title of anything. i read the 3.1a myself when it came out. it was on the fdic website. then the next day when weil filed bk and disclosed the 4.4 bil stashed in a deposit account..the 3.1a went to scrivener's error. bonderman and weil beat jpm, fdic,ots, and rothschild at their own game. they tried to "school a player,but the player schooled them!" washington mutual has been around a long time and has seen everything...and probably done everything. to think they would standby and "let" their bank,real estate holdings, etc be stolen is highly naive.
hi marayatano, sorry i couldnt reply last night ..i ran out of posts. i reread what i posted and mistyped. back in the beginning when leh dropped into bk, they were fighting to keep aurora bank alive but had to recapitalize to do so. tpg i understand came in, in the beginning, to sure up the bank while leh was dealing with jpm freezing their 17 billion dollars in their liquid account in jpm bank. when i said tpg bought the bank for leh while in bk. i meant to type tpg bought time for the bank while leh was in bk. barclays said they helped to cushion the blow for leh constituents but actually helped leh out of 39 to 49 billion in assets that were undervalued and not paid for. aurora bank is supposed to be worth 1 billion alone. and is making money for leh holding. barclays helped leh out of assets just like jpm did to wamu and providian and the real estate that was wholly owned under the holding company umbrella. jpm delivered the first blow to lehman by freezing their account that faciltated bank to bank transactions, then barclays "helped themselves" or stole assets that werent paid for or were deliberately undervalued. different stock same scenerio.
blue, i own 4200 pq, 100,000 uqs, and 7000 lehpq. sf
it could take years to uncover or could take minutes to bury!!! i think bury.
they are holding down wamuq for one reason...so the "big shorts" can cover if it is found that all will be paid. cramer keeps saying commons wont get paid. he's just keeping the door open for"his buddies" the shorts and giving the MM's an excuse to hold it down. do the opposite cramer says always. he's loading and unloading for himself and gs. wamuq will rise and rise fast. just look ....wampq from 26 to 59 and wamuq is still in .14 range. major manipulation. load up it is only going to get real crazy soon. and imo wamuq will rocket just like pref. stock.
dragon, bk is 18months in delaware. wmi wants out by march. thus the heat being turned up by judge walrath and weil. criminal investigations can continue with jpm,fdic,ots,paulson out of bk.
why would he say they are just going to payout and go away? the DD shows that they are reorganizing. with the new ticker obtained why wouldnt they emerge? all they are fighting for is the amount they want for the bank and damages. they will not dissolve imo. whats your opinion?
dudebug, tpg bought aurora bank for leh and it is up and running. and leh and wmi could merge in bk. holding companies can merge. this could be an option too.
boy viva, dannoninvest is saying their not coming out of bk. how clueless can you be. check the wamuq board.
who said wmi is not emerging from bk? why would they go through the act of getting a new ticker, weil junior attorney facilitating russell ins and investments to "buy" the skyscaper in seattle for 100 million and its value is 300 million. and then on their website say they hope the transaction "works out for them." if they truly bought the skyscaper they wouldnt say that.jpm needed to "show" that they sold something of washington mutuals to keep the curtain of secrecy going. if they hadnt done that this takedown would have been exposed much earlier. weil filed bk so fast ... when fdic saw they had snookered them with a 4.4 bil deposit they hadnt researched, they turned the 3.1a filing from 3 pages to a scrivener's error. i read the filing and then it was gone the next day. they knew they f'd up then. and russell is holding place for wmi until turnout and wmi will take russell under their insurance umbrella upon turnout. wmi imo will return and will be the catalyst for the banking turnaround.and wmi will be the only holding company that can say their books are clean. can gs or jpm or citi say that? nooooo!
yea, tpg is working behind the scenes i feel. when the govt changed the rules to where investment groups could buy banks..thats when the bank was bought. it sure would be a powerful marriage. wmi-leh.
i only know the total on lehpq which is 4 million shares. but i feel weil may be trying to work something out. with tpg helping leh get a bank while in bk anything is possible. i think weil, tpg, bonderman all had this plan well before fdic had their hand caught in the cookie jar. i have both pref stocks in leh and wmi...just in case. also russell ins. has the seattle skyscaper "in name" till wmi turns out of bk. one of weils attorneys setup the deal to hold place for wmi while in bk just like tpg helped lehman with a new bank aquisition. alot of "helping" going on to facilitate this i think. i surely feel that wmi would not leave lehman in bk if their was a possibility of working something out. and with leh having a bank up and running and wmi needing a bank its a perfect fit. jmo.
they are going to haunt until jpig and fdic pull the checkbook out! no rubber checks please! only certified are good enough for us!
how would leh get shafted? their stock has a divi of 72.50 and wmi is 77.50. pretty close wouldnt you say. 1 for 1 on the stock for everyone and they are in business. no shafting..merging with wmi as the ticker and a can of whoop +ss coming out of bk. they wont know what hit 'em. leh is owed alot of cash from jpig and barclays. they did just the same stunt on leh that was done by jpig on wmi. i think this marriage could work!
i still think lehman and wmi are going to merge in bk. 2 holding companies can merge. with weil working both it seems possible. especially with tpg buying aurion bank for leh and its currently up and running and writing mortgages. we've got the ticker ready to roll. they have the bank. they merge and new stock is issued all arounf in wmi and we're in business. now wouldnt that be a heluva parlay?
after this winds up the "wmi millionaire researchers" need to all roll over to the lehman board and start a new treasure hunt of information on the next "million dollar baby" stock!
PARLAY! PARLAY! PARLAY! viva.
"zombie" worth 1000 dollars real soon! happy new year jerle!
GOT CASH! that's my t-shirt!
the "banking world" knows what happened. but i want to see the fireworks when the general public finds out. this is going to be a show!
cici, once again noooooooo mention of washington mutual! wonder why? return of glass stegall is the govt trying to cover their asses for "allowing" the takedown of wamu.
its only a "small sum" if its coming out of someone else's pocket! start pooling the funds boys!(fdic, jpm, gs). jaime needs an alibi while your at it also. jmo. lol!
400pm? when the stock market closes? sounds like a plan. hopefully a very lucrative one!
you are absolutely correct rdg! the american voter was duped. this was no economic crisis. this was a man-caused disaster to get him elected. wonder why he was so cool calm and collected? he knew what was going to happen! thanks to buddy, valerie jarrett(on the board of chicago fed reserve), sheila bair(fdic) and her partner in crime jaime dimon(jpm-chicago). paulson did it under george w.'s watch. so it too could blamed on him once again. paulson was looking out for goldman and the tarp and he took care of and got what he needed carte blanche! definitely need a full, INDEPENDENT investigation and nothing less! jmo.
it was a wren. it was tapping on the kickplate on the front door. it was kissing itself!lol.
God may be calling you home nugget! lol. just kidding. he's probably tired and hungry and seeing its reflection in the glass and liking it! birds are stupid that way. i have two birds and they sit in front of the mirror all day calling themselves pretty birds. it sees its reflection and thinks it has a mate! i also have a wild bird that "knocks" on my door same time every morning. it's cute but also annoying especially to my two shih tzus!