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most of those are tied up. low floats...go wamu...jpm will still pay more than fdic. watch fdic tell jpm to foot the bill (most of it) or they will wind up being seized.....
let alone late last year dimon said he was looking for a replacement to step down. the new pr states he is stepping down and has several replacements.......
show judge jpm new press release related to wamu. she should order that amount back without even thinking twice....real simple if you ask me and according to the law.
this states jpm paid less than the statement the other day where it said jpm paid 3 cents on the dollar. This would be awesome if we could get 3 times for rico on that amount of 264 bilion. I could say that would easily without any questions put us over $100 a share. I will gladly take $24 though....
I think this was meant for us. He had it for five hours.. Must be nice, just to look at it of course. Why couldnt he keep every bit but what the FDIC insures for $250,000. http://finance.yahoo.com/banking-budgeting/article/109237/if-you-were-billionaire-for-five-hours
too high!!! JPM paid THREE CENTS ON THE DOLLAR...NO bk or foreclosure even remotely comes close to that discount. Maybe 50% if you are extremely lucky.....Jamie Dimon will be out of there by June 30, 2010.. Mark that on your calendars...5 years and roughly 6 mnths at JPM. We should all go eat at his restaurant as well if he opens one. I am riding with voodoo...
media has conflicting stories. some say lehman was biggest, others say wamu. It was lehman even if wamu failed.
he says that now because he cant get our nols. the regret being tarp. the govt. would not have given it out if it was not needed. hence Ford and Wamu. I could be wrong about Ford, ford stock should also be higher than any other us automaker. AS WELL AS WAMU. dimon gone by June of this year..
that is completely different than here. we are in bk for protection from crooks. besides, even before cit went bk, it was made public that the commons were going to be wiped out. and they said that before you bought them...heed the warnings. wamu is not bk. in fact, just because we were solvent before seizure, that right there in itself means commons get paid. and that does include getting paid even if preferreds dont get paid in full. by the way, so far, the judge has only ruled that one stock gets paid.....more to come..
http://money.cnn.com/2010/03/30/pf/jpmorgan_faceoff.fortune/index.htm?source=cnn_bin&hpt=Sbin
the macdonald guy says jpm run by a respected management team. ha.ha. ha.
other guy says jpm got wamu for 3 cents on the dollar. funny, foreclosures are discounted around the maximum at 70%, and those are extremely rare. How could this be... 3 cents on the dollar. is that after JPM agreed to give wamu some money back, or before. either way, that sounds to be minimum wamu worth $30 billion up to over $120 billion. ANd I bet this guy doesnt know the whole worth of wamu. Sick I tell you.....the value is in the other analysist words, not mine...
would be great to get settlement this weekend. no objections so far I take it. I seriously doubt any law firm could carry a billion bucks worth of malpractice insurance, let alone have a billion in anything. pay up crooks......
read the court filing and the ec would not be approved for $1 to $2 a share. FC will get more than that. The FDIC right now alone will have to wind up paying more than that for commons if they were the only party involved. your point is moot, or should I say vapor....Fdic signs that and they are toast. Kill somebody and mail the murder weapon with your address to the police. that is the same principle. Fdic signs, they are toast...
when was that signed off on? what are the documents coming out right now about....what is ec for?
obviously it will be more than $1 to $2. That is the price right before wamu was seized. JPM was starting to ruin wamu months before. there is already proof that wamu was at least $12 a share before when JPM offered $8. That should be enough evidence right there. wamu is a good book as well.......
dont forget fellas, there was a brand spanking new wamu in New York that wasnt even opened yet. Cost several million. Jpm sold it or whoever and it was bulldozed down for a store. because they did not need the vaults and bars. no link, but less than 2 weeks ago it was posted...
joyce gathered the info, contacted posters on yahoo via email prior to the formation of the ec. joyce got a lawyer to work for free before the ec was formed. joyce said in one of her posts on yahoo that the lawyer was top notch and he did agree with her perspective. joyce started the list of holders in order to get the top notch lawfirm. the list she had according to her had 25% of the preferreds shares total and plenty of the commons. joyce is on the ec. the judge ordered the ec to not be capped on fees. over 1000 holders joined her efforts to get the ec. I would assume before joyce got the ec started, she knew more about financials and what was going on in order to get something started. I would feel joyces value of the commons, would be a minimum value in her dd. Joyce is on the ec, so that would mean that she would know alot more than us now, and at minimum what the most knew before the ec was formed...We should know that a case of this magnitude would involve several lawyers in a large firm utilizing their time in order to do research on this issue. Joyce knows Bo....
I spent alot of work for you. I think the post is a little off since I am pretty sure Joyce said $4.36ish. Its alot of work I did to find the so called link. Joyce did a good job. I saw before the ec was formed, they had a lawyer helping for free. Must be Venable I guess. Also it was said Joyces estimate for common was when she was on the outside looking in. The post below is not from me. The post was the quickest I could find related to my statement. this took me 40 minutes to find this crap. I do not go to Ghostsboard, but several here do.
posted by chasenewmark
Joyce thought common would get 3-4 bucks a share 13-Jan-10 11:20 am Joyce posted a while back on Ghost's forum where she said 24 bucks for common was unrealistic and that she thought common would maybe get 3 or 4 bucks a share. Check her posting history there yourself if you don't believe me.
I look what was her name on yahoo. that is where it was from and from someone on the ec or related to lots of dd on wamu. joyce or bopfan hearing from joyce. I am almost certain that it was from Joyces mouth. I will look.
I dont, but I actually think is was from waldr something? (Joyce Presnall) before the ec was formed. On yahoo. Her yahoo name was close to that name. I think the price was around $4.36ish. I figure its credible because that person basically formed the ec so she should atleast know ballpark.
ec already said $4 something months ago......why sell yourself short.
.70 = $560k
.17 = $136k
OUCH. Hope you feel alittle better
there was a time, last week, a guy said some prediction stuff like that. And literally the stuff was announced the same day. could be the same guy, who knows. But I dont think I want $8 anymore. $8 and a dividends minimum. $12 I am sold.
ec did it. we will get that amount divided by 3. yipeee. lol
fdic cant beat us, but it can beat JPM. lol.....stick it to them.
fdic doing that to get out lightly. jpm pays most of the damages. how would fdic cover this up now considering they are not in agreement with the por. they cant wiggle out of seizing a solvent bank. hmm, puzzling. It seems it will hurt Jpm big. Be nice if Fdic pulls the several hundred million it gave Jpm to fight this. with the billions wamu is getting, close Jpm and sell it all to wamu. Then maybe the fdic can walk away clean. that would be some good stuff. I will love to see how they cover this one up, just dont care for as long as we get paid. Seems alot more tricky now for the fdic. Jpm was in trouble from the start...
yeah screwed. you got here too late. sorry.
fdic not agreeing because of jpm wanting part of nol's or fdic not agreeing because they know they are in some trouble.
I smell damages....diamond....2 x's plus..which means atleast $8. yeah. go wamu!
read. ec has 60 days from the por.
remember fdic wont be off the hook. no dd was done. bair and dimon
= prison, makes more sense. No way fdic can get off hook. They are as much to blame. rosen could lose license and weil can go bk would be good.
didnt starke used to be just an analyist there. I swore in the article it now says vice president or something.
lawyer ratings are a pr thing. really means nothing
on yahoo.
From Pacer:
Order Granting Motion For Admission Pro Hac Vice of David W. Porteous(related document(s) 2572 ) Order Signed on 3/22/2010. (MEB) (Entered: 03/22/2010)
Here is his bio and I found this interesting:
http://www.ulmer.com/attorneys/Porteous_...
Enforcement & Investigations
Involved in numerous federal trial and appellate matters, administrative enforcement proceedings and
internal investigations including the DOJ, SEC, CFTC and SROs involving allegations of:
?? Misappropriation of corporate assets and related party transactions, among other allegations;
?? Aiding and abetting books and records violations by publicly traded company;
?? Earnings management;
?? Invalid initial public offerings, registration statements, prospectuses and private placements;
?? Fraudulent or manipulative conduct in the securities and commodity futures markets;
?? Insider trading;
?? Selling unregistered securities;
?? Misuse of employee stock plans;
?? Failure to execute trades consistent with investment strategy and standing instructions;
?? Failure to supervise outside business activities and selling away;
?? Violation of MSRB political contribution rules; and
?? Excessive markups and markdowns.
Currently representing individual in insider trading investigation by the Department of Justice and Securities & Exchange Commission.
Conducted internal investigation on behalf of publicly traded corporation and managed responses to investigation requests from outside auditors, Department of Justice and Securities & Exchange Commission resulting in auditors issuing unqualified audit opinion and termination of investigation by regulators.
Defended corporation in alleged ponzi-scheme investigation conducted by Texas Securities Board resulting in settlement without action or penalty.
Coordinated response to investigation on behalf of United Kingdom investment manager by New York Attorney General’s Office regarding allegations of pay-to-play scheme with New York State pension funds resulting in no further action.
how many think this is the week? it should be one of the top 2 most important. maybe judge allowed ec motion to intervene last week to get jpm and fdic to see that reorg friday wont happen. maybe they make new offer this week before friday. remember ec said that the value of oommons were around $4 something a share several months ago. maybe if they dont have ammount to offer on friday, judge rules on sj.
there you are completely wrong that preferreds have to be paid in full for commons get anything. that is not at all the case in ch. 11. maybe ch.7 So you are also saying that jpm and the fdic can royally screw wamu and pay the preferreds what 4 billionish at full face value and save billions upon billions by not paying money owed to commons. Just for the simple reason that wamu was stolen would insure that commons get paid. This is unfounded that you would make such a claim. commons are not restricted in value. not saying we will get $28 per share, but without a doubt I can say any offer to commons will atleast be $8 a share. They were over $12 when that offer was made. And that was a 33% haircut there. can anyone name any company that was bought out and the price paid for them was less than their current stock price? Or if the cash and stock swap did not equal the company being bought stock price. As far as my research, companies that are bought out usually get paid more than what they are trading at.
good call. every class of stock gets paid. For the simple reason jpm and fdic did some dirty s. No way every class wont get paid. And the shareholder meeting, that includes commons. But it does not include the janitor, unless the have commons. also people should know by now that preferreds do not have to be paid in full for commons to get paid. just ask diamond, or use a little common sense. this is for all the doubters. plus if they can find this board, they should already know commons get paid.
she already denied it when she signed motion for ec to intervene...
malpractice would be against the whole firm. legal malpractice is not capped. it easily would wipe out the whole firm...waiting for that to happen....
what about getting one of those planes with a banner and having it fly over jpm headquarters during lunch...sounds like a plan...
would it be safe to say 3/26/10 that in the next court date there will be a cusip change. see you all that constantly ask do you think we will go up tomorrow... Remember the 4 or so days of 17%+ gains. this is pretty much even better news. We already knew the $4 billion was ours. Now this says that it isnt enough. They have in a suttle sort of way admitted guilt. As far as senate subcommittee checking out the mortgages, who cares. that wouldnt make wamu insolvent. funny how they want to inquire now as well versus 12 months ago. it isnt like we couldnt handle a $400 million dollar fine or so. tomorrow is definitely green because alot of naysayers thought ec couldnt get the motion signed. Too bad. see ya shorty. expect jpm to plummet when all is said an done as well.