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yes wmbfsb was a subsidiary bank but the stock was sold to jpm as part of the receivership but was actually property of wmi holding company. the holding company had ownership of all the stock in the fsb and it should have not been included in the takedown of wmb. jpm was cherry picking and fdic allowed it imo.
they let cit file and leave the bank out of it. it is still running and the holding company is going thru bk.
wmfsb is wholly owned by wmi not wmb.
jpm blamed in a 200mil ponzi scheme. they laundered money thru a prev. wamu napa bank to offshore accounts. they claimed wamu knew about it. but why would they care? the bank had already been trasferred by fdic to jpm. looks like they are using wamu name to deflect some blame to the sheeple that dont understand.
thanks yogi for your vote of confidence. we wamuers are going to see a positive resolution to this gross injustice. what's the slogan? we're in good hands with weilstate!
i absolutely agree. sheeple will never see the truth. and only stock traders that research their companies will receive just reward. all they others are just shooting fish in a barrel.
jpm lending to small businesses upwards of 4 bil dollars. they are hiring loan officers too. looks like they want to be the good guy for the small business. they have to start turning their reputation around before the bad news comes out on them.
im well on my way! i have made 100,000 on pq's alone. i bought at 2.65 last year. only the smart investors that researched this debacle will reap reward. i knew when washingon mutual was taken down something was not right. wmi is about reputation and would have not jeopardized themselves. for the fdic to take wmi down on a thursday when the ceo is on an airplane says something. and to get the best bankruptcy attorneys in the nation on a moments notice to file for bk to stop fdic and jpm from stealing them is even more telling. wmi had the plan b in place if and when this happened. they knew something was up and fdic and jpm got caught. 1.9 bil for a bank that has 4.4 bil in a deposit just sitting there? seems to me wmi set the better trap and the rats are getting ready to be disposed of!
judges are there to uphold the law. the lawyers are the blowhards trying to get their criminal clients and companies out of sticky situations they got themselves into because they are corrupt. wmi was cut at the knees and multiple subsidiaries stolen that belonged to them and not the bank. jpm stole wamu with the help of fdic and gs because they were insolvent! their gains have been because of the earnings of wamu and stolen subsidiaries. if they hadnt stolen wamu where would they be and where would social security be? i'll tell you...bankrupt! wmi lawyers are schooling jpm and fdic. to the point jd and sheila bair are leaving their posts after the last session in court. the writing is on the wall. wmi will win. and the fed will pay along with jpm.
there are and have been from the beginning, many
"institutional" investors in wamuq and wampq and lehman for that matter. as far as i'm concerned i'm in for 5000pq's, 100,000uq's, and 7000 lehpq's. i am very confident in my investment and weil will not let us or wmi down. the law is the law and when you steal you pay one way or another. judge walrath is very methodical in her ways and i feel is letting jpm hang themselves with the ill gotten gains they report in their earnings of their aquisition of supposed failing wamu and stolen wmi subsidiaries. the more they make in earnings from wmi the more the return to us. jpm doesnt have to speak in court ...the figures speak for themselves. jpm knows it, fdic certainly knows it, and weil knows it. i feel walrath is allowing weil to orchestrate his plan to perfection to have the best outcome for wmi's return and its shareholders from bk. we will certainly see check mate soon i believe!
obamas tie is valarie jarrett. she is a iranian american with deep ties in chicago. she was on the chicago reserve board and was in contact with the BIG banks weekly. she needed the political economic crisis for the election and got it with jaime. all he needs is an excuse and he is all in. jpm and gs are the buzzard banks of the fed reserve. they circle, short to oblivion, then yell it wasnt our fault...only to take the assets and pick the carcus clean then on to the next.
i know. we have been here since the beginning. and now these "know it alls" dont know crap. it doesnt break my focus cause i know what we have. this is treasure in every way. and when wmi turns out i will be one of the first to roll my money into wmi banks. i believe in truth and justice. and weil and certainly wmi would not have gone this far in litigation if it werent for there shear determination of defending their reputations and fighting for truth against the oppressors. we will win!
yea, and on top of that jpm used money raised by investors. they had no money! that says something. fdic kept the money and didnt give it to wmi because they knew it wasnt a true contract just a formality to show money was moved to "receive" the bank. shell game at best. and sheila is definitely going to be the scapegoat in this. i also see jd bringing the old man onboard to hold place for him while he's away for awhile. whether legally put away or selectively absent in switzerland till the anger wave of the american taxpayer blows over after this debacle is exposed. i dont see jd going far i'm sure bo will have a place in the treasury for him. cause that jd is such a treasure!!!! right! lol.
i know all about the rothchild thing. but this whole thing with dodd is totally fishy. he does nothing unless he gets something out of it. or he's starting to divert suspicion so fdic takes the whole rap so americans dont look any further into the politically motivated takedown of wamu to create the economic crisis needed to get tarp through.
i agree with chris dodd to shut down fdic but this other agency is going to be run more than likely by the fed reserve to continue funneling money out of U.S. to other countries for global justice. this is going to take the regulation away from america and hand it to a global agency. IM NOT FOR THAT AT ALL! We need to look into this further to see the application and implication intended. jmo.
i think the first 3 numbers is code for the different MM ...253, 292. then the 200 code means what? need shares but dont take the price down? they are definitely signaling thru trades. jmo.
is this the wmb fsb? because that is owned by wmi. could some recapitalization be happening? jpm bought the bank but not the name. so its not jpm. right? i think washington mutual still has enough outlets that jpm didnt want that will be returned to wmi. that for all intensive purposes could be the "washington mutual bank" they may be talking about. fish?
the most overused words of 2009.....frivilous and fundamental. looks like net attorney taking a play from the walrath handbook! FRIVILOUS!!!!!
look at how the PR reads now...not only are they saying they bought the bank FROM the federal deposit insurance corp. but they are S_P_E_L_L_I_N_G I_T O_U_T ! looks like jpig wants to make sure everyone knows where this debacle started and transferred from. before they were saying they bought the failing banking entity of washington mutual and could have had them for a buck ..per dimon! my how a couple of smack downs in court by our illustrious attorney weil and the masterful judge does for changing a ruthless corporation's outlook and tone on a situation!
jerle, on buyins.net it says cit has been on the naked short list for 13 consecutive days and buy ins are expected due to fail to deliver shares.
someone sa
id on yahoo approx. 10am. i dont know.
jerle, pref a didnt get a pk symbol only pref b. the common pk symbol is citqp
cit is citqp.pk for common and cit pref b is citqo.pk. the preferred a are not showing a q ticker they stayed the same. and the bk petition is filed but the hearing date has not been set. i'm wondering if this is a strong arm tactic of filing to get people onboard? it just seems too many heavy hitters are here set to lose everything. could this be a trick?
no it showed citqp.pk. all i trade is pinks and this was unusual. also the pref b went to q not the pref a. the pref a is still showing nyq.
M, i was looking up the pink sheet ticker and the commons are citqp.pk and the b pref is citqo.pk. the cit pref a are still on nyq. you think they will be saved and converted to the new common for cit after turnout? why only pref b on pink and not pref a?
i looked up tickers and the common is citqp.pk for common, citqo.pk for cit pref b. the cit pref a and cit pref z do not have a pk ticker and are still on nyq.
the polygraph would probably register a false reading. cause dimon thinks he is right and justified. he believes his own lies! and he'll stick to them until jail he does part.
rainbow, i wrote some time back that i read about washington mutuals holding company and their structure to ultimately encompass all subsidiaries in some capacity under the holding company's umbrella whether it be owning the land under the banks or whether it be wholly owned stock in fsb so it could not be seized and legally taken down by fdic. this the reason they are returning the monies. they have secured their subsidiaries under lock and key so a govt entity couldnt legally steal them. whatever they call legal. wmi built the better mousetrap and beat the govt at their own game! the legislation fdic has coming down the pike is unconstitutional and totally attacks private holdings and capitalism. they are trying to pass this crap so they can "capitalize" on america and drain the wealth and our children's future. americans need to fight against this or our private wealth will be earmarked next for global distribution!
diamond, the hammer game is definitely "whack a mole!" jpm's mole! lol. go weil. weil fought the law and wmi won!! just waiting on the payoff. we are certainly blessed to own this one.
i feel wmi will reap from that ill gotten gain that jpig celebrated. it wont just be settlement of 4 bil, but return of providian, banks in ny that fdic are running, all subsdidiaries taken from the holding company, trademark infringement, patent infringement. i think this will hit jpig greatly not to mention the lawsuits over being madoff funneling bank and derivatives sold falsely to schools under the guise of AAA paper. they charged exorbitant fees and skimmed off them to yeild higher wages. then schools found out they were worthless. our lawsuit will be big and i hope there is some left for others wronged. they are definitely going to need tiny tim's help to get out of the fix they are in for sure.
jerle, didnt wmi announce they would turn out of bk by jan 19th? i read that somewhere.
better to buy "worthess paper" that could triple or better in a day than the WORTHLESS paper like jpig that will drop endlessly on news of settlement. lol. "worthless?" i think not!!!
i love reading your responses beijing bill. you're cool!
fish, i think wmi is going to do a deal for lehman. it is just to coincidental that they trade almost the same when they rise and fall. with weil as both the attorney for wmi and leh, i think lehman still has alot to offer anyone that buys them. and with them already in bk they can cherry pick what they want to keep. they talked of a spinoff of leh and the current shareholders would benefit. leh could be a subsidiary that could be the international asset arm they need. their assets are making money. their bank aurion (tpg bought)is making home loans and is the "west" presence that could rival jpm. i feel a big merger of the holding companies with wmi keeping the controlling share will be the kick the stock market needs to turn around and "we" as in washington mutual will be the only bank and holding company that has a clean balance sheet and our stock will fly in price and dividends will return. that is my theory and i'm sticking to it.
sent you the link godfather in you email.
cit put out a PR about the icahn thing on their website. dont know how to link but i received an email from the cit website. i still dont know how we fair ...most talks about bondholders.
even the link on the article to bloomberg is an error message. i think this is the wrench we were looking for.
godfather if you want the link pm me. i cant private reply. send me your real email so i can send it to you.
i sent it. did you receive it?
hroller, did you see the bloomberg article on jpm. things are coming down big on them. i would post the link but i keep getting deleted. i cant pm ...if you give me your email i can send it to you.