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joe, what is the benchmark they have to hit and sustain for the 10 days for the old pref to see cvr's worth anything? and what would that worth be a percentage or full payout?
he's the manager at scottrade office! he didnt even know about wampq either. or he is playing stupid. i think he's playing stupid since the president of scottrade is on the board of NITE.
he works for scottrade. he was acting stupid.
generic, i called scottrade and he said that the stock price would be zero in price and amount. and the "stock" would be done but in my account there is a stock amount with an "#" after it as citbq. he said this is the place holder for the shares that are pending to cvr's. he did not know the price or time frame the cvr's are appended to. he said i needn't do anything. that when the time comes cit will inform the cvr holders of the change and the stock that is showing in the account will then be changed pending the change in circumstance whether it be payout, total cancellation, or percentage of common stock given. they were pretty clueless. i still dont know what price we have to hit to trigger the cvr's and if it has to trade at that price for the whole 60 days or once it hits the trigger price then it converts for us. do you know?
the citbq shares were extinquished. so can we show this stock as a loss? it does not show up in my gainskeeper at all. i know we get cvr's. but the initial investment should be a writeoff right?
me@glennbeck.com is his email. the foxnews one goes thru someone else.
its amazing what glenn beck just said on the radio. he said it is amazing what the govt and the banks are getting and trying to get away with. the american people are clueless. and that the united states is a wholly owned subsidiary of the fed reserve. but the american taxpayer will never know it. the media will never inform them of the attack they are under by the fed. is that not the truth!!!
got the parlay viva!!! just waiting on rollout. this is getting exciting.
i wasnt watching at the end what was the ask and bid when you got your fill?
its been awhile. if they do sell its after 4pm. they do not want to deal with a runup in my opinion. i feel wmi and leh are totally connected in this global settlement. and with the ruling on wmi 4.4bil looming..its going to be fun. why on earth would they not be selling and forcing this down and letting it rise and forcing it down again like they did wmi and making their money while they can in bk? cause they know this stock is golden and the govt screwed up royally. pun intended! barclays and the u.k. were hesitant to jump in, but they did. and barclays "suffered a positive goodwill." they stole lehman! just like jpm did wamu! and they thought the u.s had their backs. oops! miscommunication! yea right. they were out of money and left them high and dry. they screwed up! and now they must make amends. this stock should be selling way above this but the games are just starting. with jpm running nite and scottrade president on the board of nite. we are definitely at the mercy of the MM until news. jmo.
if you put your price at .25 to .50 above ask they usually fill just after the stock market closes. they do not want to show any volume so the price doesnt go up. they do not want attention brought to this stock. i bought 7000 shares at 2.65 then 4.95 some time ago. good luck to you. call your broker and ask what the true ask is. when i called to buy mine the ask showing was 3.50 but the ask they quoted was 4.25. they are definitely playing games like they did with wamu. just ask yourself this...why do you have to call the order in and why are they not selling? ive got the answer!! $$$$$$$$$$$$$$$$$. if this was worthless they would be manipulating this price up down and sideways to make money while in bk. but they are quiet. they know what they have but what is their price?
thanks for the correction.
i think the new owner is Bank of the West. tpg is very involved. check the videos on gawkk.com. BancWest is their investment arm and was a suitor of wmi. also bnp paribas is based in france and is one of the main banks in europe. do you think this is what they are meaning by global settlement? "allowing" other countries a piece of the american pie? global currency? one world order? getting very cozy here!
that was in sept. and it was before the blowup with geithner. dont think they'll be getting anything from treasury anytime soon. i think thats why they are requiring banks to pay in advance to fdic right now.
cramer is the setup man for jpm and gs. he tells everybody to buy when jpm and gs want to sell and vice versa. taking care of his harvard buddies.
what was the volume when it went over 40? the volume is ridiculous here and they are holding it down. this will never run imo. we will just be paid eventually. i dont see any flipping happening anytime soon.
as far as judge walrath is concerned..her only concern is to turn wmi out when asked by wmi. my opinion..the longer we stay in the stronger the subs get. all in helping the turnout for wmi. she will not rule in my opinion on anything except maybe the 4.4 bil. on anything else that sets precedent. fdic, govt does not want "legal chains" on further takedowns and takeovers. they will pay but very quietly but the ruling will be amicable and not a call out. the govt knows they did wrong. they were saving their own asses at the time. the social security fund was in serious jeopardy. they will delay until no other alternative exists. then wmi be returned to their rightful place. and i dont feel they will be messed with again for a very long time. and i hope they merge with leh holding company and pick up their wonderful assets overseas. we will be a powerhouse when bk is over.
what a plan. geithner goes. dimon steps in. daddy dimon taking over at jpm so when dimon calls to give him the heads up on govt takedowns and policy things, he doesnt have to worry about who he's talking to. so he cant be scandalized or implicated. just like GS execs in whitehouse. now jpm exec in treasury. a real economic takedown coming in my opinion. the economy is going to hell in a hand basket.
he will never be implicated. he did the govt's dirty work. now he is going to washington. this is his payback from BO for creating the economic crisis he needed to get elected. now the cub is getting kicked out(geithner) and the silver fox will be in the hen house!
yea, their going to throw geithner and bernanke under the bus. they are going to down the fed reserve. this is just one more step to a 1 world currency and 1 world order under global restructuring. and dont think that "powers that be" are not capable of throwing BO under the bus too. rothschild is in control and the empire wants one world currency and the squeeze is coming. congress , treasury, is getting ready to sell the american taxpayer out. got gold?
WOW! zardiw nice to see you back. i miss your postings.
on the cit website it says commons will get cancelled and preferreds will receive cvr's that must be held 60 days? so how is this good for commons?
can anyone tell me what a CVR is and how they work?
is there anyone that can explain how cvr's work? i know they have to be held 60 days but what happens then? ? how will this work for us? tia.
i think because fdic gifted the assets and none of the liabilities...this is what they are referring to. for jpm to take the mortgages they had to take the bad debt also. or if they arent prepared to go there maybe they are going to return it to wmi because they cannot sustain the hit. they did talk of different platforms. think they are making excuses to facilitate the return of stolen goods? what do you think viva?
they have to keep the mortgage risk facade up because that was the guise by which they were taken down. systemic risk due to bad mortgages. this is a total setup to throw the american people off the scent of crap coming off this story. there was no systemic risk except for the social security fund entrusted to jpm that they overleveraged to make a quick buck. or so they thought. madoff scam got their funds frozen and ponzi schemes in alabama and california got them sued. jpm was the systemic risk not wamu, not wmi, and not their mortgages. mortgages can be written off as losses but stealing a solvent company? you can only try to cover up. the press releases are setups to "explain" why monies are being returned for ill gotten gains. barclays is in the same boat with lehman. and our attorney, weil is handling both cases! how cozy. hope they take advantage of bk and merge their holding companies. alot of foreign holdings worth billions still untouched. a force to be reckoned with if that happens.
preferreds will be paid or compensated before commons. if preferreds dont get anything then commons do not either.
the unwinding is too complicated. and barclays gained a windfall in "helping" lehman. thats why they are being sued. the fdic had no authority to mess with a holding company but they went there. they have already appoligized for the miscommunication with the u.k. and they should have backstopped them. they didnt and now the u.s is in it deep. what they did jeopardized many country's economys. and they have to repair the damage they are responsible for. fdic and govt thought they could do a smash and grab to no avail. so they are going to do a spinoff and allocate shares to shareholders in the new company. not sure about commons but i think its plausible.
they did the same for me. they are doing all possible to hold the price down. all the better for buyers. i wonder what they would do if we all got together and placed orders at the same time to rush them? think the price would go?
me too!!
thanks rainbow i didnt know about the extension. but the same still applies if you forget to change back.
hi jerle! and dont forget wmi can merge with leh in bk. holding companies can merge in bk. so the "whale" could very well be us! we wouldnt need anyone to buy us. with tpg buying aurion bank and lehman's holdings making money along with wmi we could be a force to be reckoned with. talk about good bank bad bank. what if jpm became the bad bank.(how appropriate) and wmi the good bank...after the merger of leh with their bank. how about that? i think its a plan how about you?
he was the "treasurer in training." he knew what was going on during bush2. thats why the tax cheat was confirmed. he was in on the whole scheme and was to continue it! he made it look like a regime change but it actually was a continuation of the same. he was for everything sb did except leaving bondholders dry. that is a major no no in unwinding a company because the fdic is specifically there to auction and get the best price for the company they are receiving and that was not done. that is why he said their would never be another wamu. because it was a blatant disregard for bondholders and shareholders to cover the fdic's ass because they were broke and totally exposed them for the ponzi scheme they are. no persons deposits are safe and that is what this chain of events shows. and also remember the 250,000 deposit limit for fdic ceases after 2010 so dont forget to change back before dec 2010 to 150,000 or treasury wont cover it. (thats what they are hoping for that you'll forget.)
lets keep count!!! denied, denied, denied, denied, freakin frivilous!!! and the silence to this point is deafening from judge mary!! viva's right its getting ready to blow!!!!! jd and sb would not have put in their walking papers for little crap. and jd even called his daddy to hold his spot while he is "away." this is going to be the mother of all rulings. the economic crisis will be exposed for what it is. a "use your money" (taxpayer) to "cover my ass" mentality(jd and sb). they want the taxpayer to cover their gambling debt!!!! but the taxpayer is fed up and the pit(walrath) is coming for payment to settle the score. we win!!!! jpm and fdic you lose!!!! go weil!!!!
rockie this is looking real good. a long holiday weekend. and yes they do hold court on saturdays.
he was furious she got caught! she was sent to close the bank and she overstepped. this was a "smash and grab" by fdic with the help of jaime dimon. geithner knew what was to happen but he wanted the bondholders covered like in any other seizure. the fdic was supposed to auction to get the best possible outcome for shareholders and bondholders. they did not do that. they took them down so no one else could bid so they would have a controlled sale of wamu with no upbids to contend with. do you think gs would find tpg to fund wmi 8 bil dollars, short the hell out of the stock to simulate a failing bank and systemic risk, only to let the competition take the spoils? i think not. jpm wanted a controlled sale not an auction. they had no money. investors had to pony up the 1.8 bil to give the fdic the money to show a "transaction". jpm was frozen in france and italy and fdic was broke. when the lawyer for the fdic said they did it to protect their solvency not wmi's. that is very telling. that is what the agency is for. to auction the bank assets to get the best price for the shareholders and bondholders of the company. and to protect deposits. they did this for their self-preservation and that of the fed reserve bank jpm because of the social security fund in jeopardy. the fdic has been exposed for the ponzi scheme they are. thus chris dodd coming out with legislation to fold the fdic and create a new agency all together.
geitner is totally implicated. he and jaime were on the new york fed reserve board together. guilt by association? no! guilt by implication? yes! he knew and knows what took place and helped this whole thing step by step. sheila just got greedy and took too much. overstepped her authority and will be a scapegoat along with jd. that is why jd is beating his chest right now. he is guilty of strong armed robbery under the guise of systemic risk! geithner is involved and is up to his pointy little ears in this!!!!
godfather you are wrong about napoleon. you are right the fall of napoleon was the rise of rothschild. they used him, lied about his progress so confidence dropped so they could buy everything up at a discount. but they did do napoleon in! napoleon was slowly poisoned to death by arsenic poisoning by a rothschild agent. they had no need for a "return from exile!" they used him, exploited him, shamed him then killed him. they use and spit out who they have no use for. read the "rothschild thug family dossier" very enlightening for what is going on now with our country.
the bigger they are the harder they fall!!! so sorry dimon your time is up.
then why are they protecting jpm? rothschild thats why. jpm is the prostitute to that pimp boss. his name is all over the court docs and redacted how special! if you extract the money laundering from the madoff scandal, the bankrupting of a county in alabama in excess of 700mil dollars, the offshore money laundering thru banks in napa, the 17 bil frozen in leh to make them fail, and the seizure of a solvent bank and assets belonging to wmi that werent included but stolen to include the skyscaper, providian cc company, and fsb that was a wholly owned subsidiary of wmi not wmb, and the over leveraging of social security lock box money...dimon should be under the jail! too big to fail? jpm was DOA when they used wmi to prop them up. italy and france had frozen their accounts because they were stealing from them funneling money for madoff. but they didnt know what was going on? i dont think so. this was an attempted global consolidation by jpm and rothschild to steal the wealth out of our and other countries, destroy our communities, and bankrupt solvent entities for the greed of one powerful family. these bastards took down napoleon!!! look it up. but because weil helped wmi to set a better mouse trap this crime spree came to a grinding halt. the gig is up sheila, jaime, and geithner. pay up the interest is getting deep and compounding!!! go wmi!!!!