sadly the only reason why jpm would have a settlement would so that jpm could shut this case up for good. If they settled, there would be no more talking. If SJ happened... IMO i don't think JPM would have a reason to settle...except possibly trying to lose less money.

It would be terrible for an SJ to happen for JPM...it would instigate news articles to be published, "JPM + FDIC Plot to destroy our economy?". I really hope JPM makes up some documents asap.(Prob alongside wmi)

MORNING... may I be your disciple?

Wamu will fair well soon. If JPM has a right mind, they will not allow the SJ to happen on the 4th, but I also believe that the settlement will occur much later.(Maybe a couple of weeks post omnibus) I suspect a drop in price after the omnibus and as things quiet down, settlement will arise.(Sorry for attacking u usual)

You probably didn't want to hear what I said, but I do not believe that JPM wants to end Lehman as happily as they do with wamu. The locking up of documents in settlement for wamu will not let lehman have a chance. And trust me on this, JPM does want to get lehman off the plate before wamu settles.(seriously) The thing is, JPM does not want to pay back both lehman and wamu... especially since lehman is so much larger than wamu.

Seems like you're pretty darn safe with wampq. IMO i'd load up on the wamuq ... since its also short game play(Gonna go much crazier than wampq) and if you do not have faith in wamuq... pull out day before the court date and load up on wampq.

HA an hour and 17 minutes before markets open and the bid is already higher than the ask.

want to let me borrow like 500 of those wampq? I've got none :(

huh... is that like the end? of that? I thought lehman was supposed to get paid by JPM... well well well.

foolish... forgetting the fact that the chances of wamu winning are still fairly slim(i use that loosely), the charts all say up up up ... I think till march 4. Keep till then and sell before if you do not have faith in wamuq.

but then again... it might catapult alongside FF... and it might be detrimental =O Your decision I say wait for the support.

I say... wait for us to reach the support... feel like it might blast off crazy today... which won't be good for you. especially when you're putting in that kind of money.

eh... that's like an extra 100 shares eh lol

dead on. My percentages was 90% preferred, 75% commons. Of course the remaining percents being the chance of each class receiving no money at all. Hey you never know though with all the variables, but this is the percentages I give people. Glad to see someone is fairly in my ballpark

I heard about this... fdic gonna come too.

I hate to attack you like this... but when you say "If and when we get this settlement" take away the "if and" :D
But also... there will be no class action due to the fact that any documents that will allow class action to actually have a chance... will be locked away by WMI when settlement occurs. JPM + FDIC are settling so that all the documents that are on the table can stay away forever.

"In a controversial move, JPMorgan Chase is forcing thousands of former Washington Mutual employees to sell their WaMu shares as the New York company combines the two banks’ retirement plans." This is a quote from Kirsten Grind's article.

Now ok... I was wrong(and had already admitted it) that JPM is not forcing WAMU employees to sell their shares, but if these shares are in 401k portfolios, these employees will have to make a decision whether they want these shares in a non-retirement fund or put the money to their JPM 401k and "move on".

I'm pretty sure JPM is suggesting that the best way to have a safe retirement fund is to liquidate the shares. Now who you going to believe your instinct or JPM?

No offense, but I trust this Kirsten Grind over you. Her opinion is that JPM is overall "forcing thousands of former Washington Mutual employees to sell their WaMu shares as the New York company combines the two banks’ retirement plans"

please... its little bit of both. If they do not "move" their shares... the shares will be liquidated. Don't call me out like that when you're wrong too.

Notice the coincidence that JPM is forcing their employees to sell NOW... of all times on the verge of settlement? Also, many of these employees are oblivious to any of the litigation going on. They might feel as though it is time to sell the wamu claims and move on. JPM is working off of ignorance atm. IMO

watch common stock rise tomorrow, because a lot of EC stuff happening.

didn't we break our mechanical resistance today? :(

delete

that does not make sense due to the fact that they are asking them to sell their shares asap. What if they sell them before march 4th? Then they are still thieves nonetheless.

that's kind of epic and smart of jpm... if that is true. But, hmmm I can't say anything it kind of is a good idea to keep employees... still I'm sure a bunch of employees could have left their jobs and left a bunch of job openings for lesser wages... a win win situation and one without controversy.

anyone have a face value of preferred? or possibly a guess of where it would be?

exactly what I expected and wanted confirmed! Thanks a lot -_- u know it is scary how educated and thorough you are with your responses. You are without a doubt one of the most loved members on this board -_- I know you've heard this kiss talk thousands of times before... well here it is again.

I hate to seem like a noob, but any idea where I can find some DD? I am definitely looking to get into Lehman but not too much info to be found. I'd really appreciate it if one of you could point me in the correct direction.

http://ghostofwamu.com/documents/08-12229/08-12229-2392.pdf
what does this mean that it's over? We have reached a settlement and we have decided to lock up this case forever? Or... are we f'ed and weil and his minions(Includes jpm + fdic) have found a way to receive compensation in weil's way?

http://ghostofwamu.com/documents/09-50551/09-50551-0178.pdf
Interesting =P Victory is ours?
Its signed by both parties.

Normally... most people would say great post =P... at this point I'm questioning the validity in your statements due to their amazing"ness". You are one of the few here that I can truly believe knows what he/she is talking about. As long as you stay in WAMUQ ... so will I.

I'm sticking strong with everything falling downhill starting march 4

To be honest... not too many people on this message board no much at all about the current legal or distribution system(All the classes)..except a few great posters =P(I dun wanna name, but they are obvious)... now don't think I believe i know shit at all either, but I can tell that the "offers", distribution, and laws are not in the favor to end any multibillion dollar case in a economic way.(For money or time) WMI is getting as much as it can, but right now we need a settlement that will end everything and JPM(A leading bank) is not ready to lose such a significant amount of money or to get a significant amount of embarassment.

see I did my DD. My point is that we will probably NOT finish this trial... and a settlement will come around. Everyone must sacrifice money for time and agreement.

trust me... being an American will not be fun if a few things work against jpm + fdic... current other bank failures. We will be the laughed at by other countries and looked down on for years to come... but at least we will be rich.

please there will be a bunch of broken hearts on the wamu side if we have to take JPM to court. We need a settlement... they had a settlement before EC, now we're gonna have to fight for money that could have gone elsewhere than wamuq. We will not get 24 dollars... i bet 1/2 my shares on it.

no one believed commons would get ANYTHING even a few months ago... thus the chances of the 8 dollar deal ever being real was/is very low.

i highly doubt 24... I feel as though if wamuq won full on out 100% they could possibly get 24 if they literally demolish jpm. Seeing is it that, WMI lawyers know they cannot do that within a small time frame... they will settle for less... my prediction 6-10 dollars per share. A simple and easy stock swap.

christmas is over? =( Maybe Santa decided to forget his hot wife and go on for valentines day =P wink wink sexy

but seriously... JPM aided with the FDIC are able to suppress this court issue. When its small money maybe the news can be suppressed but if its a considerable amount of money that if given in JPM commons stocks... would destroy its market, because a bunch of commons from WAMU would sell all their stocks of hundreds of thousands of dollars each. I am thinking realistically 5-8 at best 12 after preferred and creditors. IMO... and I know nothing...I'm prob wrong. jmo

28 -_- stupid gotta be a multiple of 7