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I call dibs on it...LOL
"why would the debtors, go ahead to attempt getting it approved. LOL"
The same reason you approach a young lady (or guy) that is obviously out of your league....you can hope can't you.
Wow! I take a hiatus and come back to the twilight zone.
Not likely with our EC!!!!
Yeah, and according to the "new math" bandied about earlier, you can get 500,000 shares for that amount. LOL
Don't like crystal-ballin' but if more people rely on the decision's bottom line, DENIED, then it should go up. If more people anlayze this to death, then we will probably go sideways. I don't see a majority of people seeing this as totally negative and dumping....but one major holder dumping and we go down. AIMHO
This analogy is grossly simplistic, but that's how I like things sometimes.
The Baltimore Ravens play the KC Chiefs this weekend. At the end of the game if the Ravens have 31 and the Chiefs have 30, who wins?
If the armchair analysts conclude that the Chiefs quarterback was better than the Ravens quarterback, who wins?
If the general consensus is the Chiefs uniforms are better looking than the Ravens uniform, who wins?
Bottom line on this POS POR was DENIED!!! no matter how it's spun.
Granted, there are favorable comments by the Judge for the POR but, the bottom line: POS POR DENIED!!!!!
GLTUA
How dare you denegrate BL...he's the "French Fry" Dude....Just kidding. Mephisto, checking in. I Don't have personal e-mail at work but I will send one this evening. GLTA
dak...still here waiting...super busy lately...will send you a PM...it's easy keeping up on this board with the low numbers of postings. With all of the court events you would think something would come our way. Hold strong LEHJQ'ers....
Come on...it wasn't that bad. LOL
Catz,
Absolutely a joke!...
Catz...you all have arguable points. My question is, will pre-Letter holders of WAMU shares get paid the same as post-Letter holders?
Sorry couldn't resist...probably should have...back to lurking and accumulating.
voodoo...I am similarly skeptical of our govt agencies....being retired Navy I do try to hang on to the faith in our country that I do have left....This Examiner I feel/hope is incorruptable....Examiner Valukas (LEHMAN) named JPIG and provided evidence for a possible lawsuit against them...These guys/gals know any hint of wrongdoing on their parts under the color of their office will carry severe consequencies....I hope that knowledge is enough to keep them on the straight and narrow.
GO WAMU....
Not 100% sure but I think this is SOP for Examiners...Valukas (Lehman Examiner) also submitted a request with similar language after he completed his examination.
?Anton Valukas?...of Lehman notariety.
Wouldn't that be called "obstruction of justice" ?
Fish - Thanks and you have a good Friday also.
Very well said. I personally lurk and learn...which is more than I can say for some. Reading the posts this morning, I had a somewhat depressing thought...when the EC goes away will this board go away?
Regardless of how this turns out I plan to erect a plaque in my yard with a lot of you guys and gals aliases on it....brass and pewter if it goes one way....cedar plank hand-carved with my Dremel Tool Kit if it goes the other.
Thank you "REGULARS".
I was wondering when someone was going to use "weekend" and "settlement" in the same sentence.
Actually, I was just thinking the same thing. LOL
All WAMU scheduled docket items for today postponed until July 20th. Lots of time spent in Judge's chambers. WAMU EC counsel
has been stellar. We LEHMANer's have to get an EC appointed, what with all of the underhanded plays by the debtors counsel in the WAMU case.
Well I've gone through my repertoire of paper air planes...next, the classic pirate hat.
Someone on this board mentioned that they had received another package of documents from Weil and that I had to weigh at least five pounds...well I thought they were exaggerating. Today my wife gave me a fedex package...had to weigh at least five pounds. You got it a stack of court documents from Weil and company. I was thinking of curling up with it for a long read but came up with a better idea...my son will be taking college calculus in August and I'm sure he will need lots of scratch paper.
What's that saying..When you're up to your neck in crap it's wise to keep your mouth shut....I think this is the tactic JPM is employing.
I think it is all a matter of timing with Susman. If I was just appointed executioner I wouldn't immediately start cutting off heads...I'de wait a day or two.
SLY- That's (buy=sell and vice versa) been drilled into my head for some time over the past month and you are absolutely right...
SLY - what are they buying "puts" or "Calls"?
Might be off base here but if they are already debt above Capital Trusts or equal they are still above Preferreds and Commons...this shift in their position only seems to guarantee them some future payout but either way they are above us. So, no harm no foul. IMO
Here's a drink for all us WAMUER's:
Bailey's White Russian recipe
(serve in Old-Fashioned Glass. Sip while reading Rosen's manifesto)
2 oz Bailey's® Irish cream
2 oz vodka
Got milk? Unhuh
3 - 4 oz milk
37 years!! You must have really screwed up at your parole boards.
Just kidding....I've got 22 years with my queen.
Congrats XOM. eom
Morning all LEHMAN'rs. I woke up early as usual with what seems like a good idea. Normally I just go back to sleep but this morning I thought I'de run the results of my nocturnal ruminations past you all.
What if we got the international media involved? People hate when their dirty laundry is aired outside their house. And our media, being the sheep that they are, would want to jump on the band wagon and take credit for enlightening the public.....Just MHO.
Just a thought...I'll go back to sleep now.
and is it true that as part of the EC he can trade (buy or sell) WAMUQ shares? So, he's stuck with his million shares for the duration?
What I liked was when Levin used the words "open arms", "welcome", and "collaboration" referring to how the OTS should have treated the FDIC agents. Was this idgit born yesterday?...I'm 52 years old and have worked in for gov agencys since I was 17. Not one agency I've worked at has welcomed and agent from another agency with open arms or collaborated honestly...PLAAALEEZE LEVIN...what you been smokin?
jmap...you won't convince me that it's over...try reading the WAMU POR....it caused one hell of a shake out of the weak and ignorant back in March...their pps is back up and they are still fighting....If we can get an EC and an independent audit we will recover just fine....JMO
Given the double negatives in your post...are you saying....IMHO wamuq common share holders will recieve money, tradeswap, value what-so ever when this comes to an end. based on what has happen in 2008 to the present.
if not...JUST SAY IT!
Thank you maekuz....just wondering.
uzual...a question regarding your statement "...Nobody knows the behind the scenes except the EC"
Can EC members continue to trade this equity even with ?inside? information?
Just a thought when I read your statement.
Hello all. Just wondering: aren't commons equity also? If so, shouldn't / couldn't we join forces for this battle? Just a thought. Going back to sleep now.
My two letters finally faxed...When I do get all this Lehman money first thing on my agenda, after I regain consciousness, "Fax Training".
I'm good for two letters with approx 400k shares total (C/Ts and Preferreds)in two accounts...different owners.