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i concur, claw. this to me is confirmed by the (lack of) volume. they are keeping the price in a very tight range knowing that it is untradeable and effectively locks people in. i like. hehe.
fisshon, i disagree re/ the chart, at least the common chart. but to me they all look good (u,k,p,dime). the longer we flatline the more violent the move. which way though? i believe up, based on facts and momo, and also the techs in the chart.
stay strong everyone, sunshine is spreading around the woild.
we are taking back control of the monetary system, and the diet coke supply;
Occupy Dimon! http://www.facebook.com/event.php?eid=285132421520161
Put 'em up! dahhh Put 'em up, I say! I want to Hug him and squeeze him, and love him and pet him. duhhh. put 'em up!
“Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe.” - Albert Einstein
http://latimesblogs.latimes.com/nationnow/2011/11/occupy-seattle-chase-dimon.html
"In Seattle, Chase has been the target of particular ire as a result of its acquisition of former hometown bank Washington Mutual, a buyout that put 3,400 WaMu employees out of work and left much of the former bank's downtown real estate suddenly empty."
"We are hoping that by our presence at an event where he is a keynote speaker, we will let him and the larger community know that the public is no longer tolerating the misdeeds of the big banks," an Occupy Seattle spokeswoman, who would identify herself only as Ellen, said in an interview.
The Seattle Times and other local reporters talked to the Chase CEO before his speech, and he said he understood protesters' frustration with Wall Street. "They're right. In general, these big institutions of America let them down. That's not the same thing as to say that every bank was bad, every politician was bad. That's where I would disagree," he said, according to the Times."
http://latimesblogs.latimes.com/nationnow/2011/11/ricin-is-it-the-perfect-way-to-kill-.html
"yesterday TD posted a reference to a Motion to Expedite in the MF liquidation, referring to Paragraph 2 to show how Corzine et al might have stolen $1.45 billion from client accounts.
I just got to Paragraph 11, however, where it says that if the Trustee can't offload the 50,000 commodities accounts by Friday, he's going to liquidate them on the open market.
This will trash gold and silver, will it not?
A buying opportunity?
See SilverDoctors link."
zh
Like Max Keiser says, the Greeks can no longer call themselves Greeks, theyre now 'IMF'ers'. Sovereignty gone.
Detroit Mayor: Out Of Cash By February
http://www.detnews.com/article/20111103/METRO/111030377/Bing--Detroit-co...
and finally,
Thx. i know you really mean preferreds see 80% and commons get most of the new co. hehehe
fu bruposcsfbtbclsos
is it not the "best" outcome? fu br
go wamu
"Corzine was SENT into MF Global with the objective of collapsing it and rolling the remains into Goldman (presumably). And he was paid eight figures to do it, AND promised SEC TREAS after Geithner. If you had said six months ago that the largest FCM in the U.S. would be taken down, everyone would have laughed in your face, but here we sit. The only question is, who is next? How long will an FCM like ADM last before looking at Dodd-Frank and saying, "Screw this. We're selling our clearing operations and we'll just go back to straight-up product merchandizing." Why shouldn't they? If the FCM profit center is made impossible by the government and the corrupt regulatory bodies, why would they continue to operate an FCM? Why not sell to Goldman or one of the other megabank entites and then do their exchange-traded hedge business through them as a customer? When will the old Chicago boutique firms be similarly forced out, either through regulation that makes their business impossible, or through outright sabotage as with Corzine and MF? None of you FCMs are safe. THEY WILL COME AFTER YOU AT SOME POINT. You have been targeted for extermination. Either you wake up to this fact and expose these regulatory bodies, megabanks and the Federal Government and fight them, or you are going to end up like MF, being bought by Goldman or one of the other fascist government-connected megabanks for pennies on the dollar. You have been warned.
From a trader that saw through all this BS on TF's website. She sent that around CHMEX this AM> SATAN Sachs is Coming"
"Why would a seasoned pro like Corzine lever up his company to a mortal risk level on a SINGLE position, using sovereign debt, which at a minimum was known to have significant downside risk? Any fool of a risk manager would have looked at the trade and its effect on MF's balance sheet and capital and said, wait, I'm all for taking risk, but you are literally betting the house on this one trade. It makes no sense, unless Corzine is either galactically stupid (which he's not), or he just ran a diabolic and brilliant long con on MF stakeholders.
The only thing missing from the mafia script is the fall guy, the middle manager who takes all responsibility, serves his time, and is welcomed back as a made man after a few years. I would expect that name to emerge in the next few days."
where's the volume????
perhaps for our attys. facts are supportive of many possibilities. what voo focuses on, to my thanks, is the black and white swans that are "outliers" or "tail risk". if you wanna assume the best on account of the "facts", be ready to get let down by a perpetually corrupt system. don't be naive
thanks voo, don't let doubt be overshadowed by probabilities
volume is a trickle before the flood?
i agree wiz, even the classless holders on this board know this. silence is golden. even the filings by br are satisficing.
hehe was wondering what you were referring to
stay safe and warm!
my pleasure to bring things to the table. the least i can do considering the efforts of everyone here with altruistic intentions, justice as the target and $ as the prize for being correct.
there is so much out there to learn about and be aware of. so many ideological traps and so much misinformation. i remember reading somewhere that 75% of espionage work is misinformation.
lets all keep working together. cheers to all and here's to a great week upcoming! fubrcsmfposcltbgsfh!
thanks to all voo, biz, fixed, uze, don, gys, 9, es, michael, claw, even JW !
done. if justice is not served here, meaning equity is wiped etc., what will people do?
the actions of the jpm, fdic, etc. - will they go un-avenged?
The Ballad of Jamie Pumpkinhead (from XTC's The ballad of Peter Pumpkinhead)
Jamie Pumpkinhead came to town
Spreading lies and debt around
Fed the fat-cats and forclosed the poor
With Blythe and TARP kept metals on the floor
And he paid off all the police armies
They’re people who would keep us on our knees
Hooray for Jamie Pumpkin
Who'll pray for Jamie Pumpkinhead?
Jamie Pumpkinhead brought to shame
anyone who’d try to slur his name
Lusts and sex scandals felled client 9
Jamie merely said, "that’s just fine”
And he paid off all the powers that be
The people who would enslave the free
Hooray for Jamie Pumpkin
Who'll pray for Jamie Pumpkinhead?
Jamie Pumpkinhead was too good
he should be nailed to a chunk of wood
lying and grinning on live TV
making a debtor out of you and me!
He’s made an enemy of the fleet
Warriors who occupy wall street
Hooray for Jamie Pumpkin
Who'll pray for Jamie Pumpkinhead?
Hooray for Jamie Pumpkin
Who'll pray for Jamie Pumpkin?
Hooray for Jamie Pumpkinhead
Oh my, oh my, don't it make you want to cry, oh
www.theyrule.net
find a connection between wamu and jpm? who thought it was visa?
joe saunders and charlie scharf.
joe on wamu and visa's bod, charlie on visa and jpm's
take a look at some popular maps while you are there!
also similar site:
http://www.muckety.com/Washington-Mutual-Inc/5002039.muckety
fu fraudic
i quite enjoyed reading that thread as it added a very nice twist to something which previously seemed too daunting. nice to see the sword cut both ways!
go wamu go ec fubruposcsmfcltbfh!
thank you, fsshon and michael
EC has the leverage, but they do not want to waste time on SNH's they want the debtors and that damn GSA.
"want the debtors and that damn GSA." =>>>
what say you don to this point vis a vis post-mediation settlement? what would then occur, just a revised rubber-stamped GSA including equity to whatever degree?
atleast the swings are greater now, no more .069 -95 all day long snooore
that is too funny
intriguing post by lawrence on the Y board, on the thread:
Re: Is GSA (F&R) Opinion really the "law of the case"?
sigh, or maybe not
the intraday looks like it is giving us the finger
roger daltry! just the beginning leading up to next fri, imho. need some volume to carry through today - or do we? heheh
dime has been on a nice uptrend since oct.
i actually copied it from a mr. business1982 on the yahoo board. i will make more clear teh quotes in future notes. cheers.
p.s., i would soitn'ly hope the EC is already abreast of this sitiation
Interest on Past Maturity Bonds is the thread title @ yahoo
"Pg 26 9/6 Correspond with DOJ counsel regarding protective order.
Wonder what that is about, it is mentioned on several pages.. "
okie, Y
?? things that make you go hmmmmm
;D
Miller & Chevalier Tax Counsel Sept Bill 26-Oct-11 08:00 pm
Twenty-Ninth Monthly Application of Miller & Chevalier Chartered for Allowance of Compensation for Service Rendered and Reimbursement of Expenses as Special Tax Counsel to the Debtors and Debtors in Possession for the Period September 1-30, 2011
http://www.kccllc.net/documents/0812229/0812229111026000000000004.pdf
http://www.taxhelpattorney.com/irs/irm_35-004-006-d0e449.html
Interest on Past Maturity Bonds (per mr. bus. on Y)
Here is a issue no one seems to have brought up. Why does the estate have to continue to pay contract rate on a contract that has matured? Instead once a bond has matured the promise to pay a certain interest rate has been fulfilled. After the date of maturity the bond should only earn a nominal interest related to the bankruptcy court issuing payments. Money waiting for a payment to be issued is equivalent to a certificate of deposit. In other words after maturity date the bond should only earn FJR with FJR being calculated from the date of maturity not the date of petition.
(continued)
http://www.kccllc.net/documents/0812229/... (Starting Debt Amounts)
Table 1:
WMI Debt Oustanding (by date of maturity)
WAMU.IE - 4.00% - Matured: 1/15/2009 811,336K
WAMU.JB - 2.95% - Matured: 8/24/2009 359,556K
WAMU.IM - 3.09% - Matured: 1/15/2010 176,600K
WAMU.IL - 4.20% - Matured: 1/15/2010 508,398K
WAMU.HE - 8.25% - Matured: 4/01/2010 470,004K
WAMU.JC - 5.50% - Matured: 8/24/2011 362,948K
WAMU.IO - 3.50% - Matures: 3/22/2012 363,491K
WAMU.IP - 5.00% - Matures: 3/22/2012 375,001K
WAMU.IS - 3.22% - Matures: 9/17/2012 447,174K
WAMU.IH - 4.63% - Matures: 4/01/2014 745,636K
WAMU.IT - 5.25% - Matures: 9/15/2017 727,916K
WAMU.JG - 7.25% - Matures: 11/01/2017 450,824K
Matured Debt: 2,688,842K
Immature Debt: 3,110,042K
The debtors chose not to file required paperwork to EVER emerge as a public company and they made this decision in 2009--well before any deal was struck.
There was never any intention of this company going to equity, no matter what. Now that the judge has required them to file necessary paperwork (see confirmation denial number two) they are in a bind.
per Gibsonian on the Y board
thread:
what's E&Y been up to?
?????
has anyone seen a mor withdrawal before? in bk?
p.s. thx catz re. earlier clarification and illumination, and others for tyia
i wonder if this is covered by the american tax payers a la BoA? ugh.
(n.b. sarcasm)
i remember catz illustrating the difficulty, if not impossibility, of selling new co. for nols, but mayhaps i am misremembering. we need to build value then merge or something?
anywho, i think anyone who invested in this initially on account of the red flags involving jpm and their more than century old bank run tactics - anyone who invested from this vector will be honoured to be part of a jpm/fraudic butt-kicking. indeed, we have been part of being aware and affecting change, in part in what is culminating in the OWS and even the arab springs. sure the masons have been busy, but it is change for the better. the emperor's clothes are tattered at best, and we deserve better.
do you think, if the settlement comes w/ this law of the case, facts omitted etc, that the commons will see a $ payout or purely new co?
how bout prefs?
thx
go WAMUQ
the 3B+ deposit too?
oh yeah, i'm for the more time option, or the no settlement is possible heheh
fu br
actually if i may, vodka, make a distinction: naked shorting should be, for the most part, not allowed. however, shorting in itself is very important, in part by providing liquidity to the markets.
im just reading Richard Bookstaber's "A Demon Of Our Own Design", wherein he writes of the old primogeniture land holding elite system of ye old England. before land was allowed to exchange hands freely it was instead passed to the eldest son down the line (1066).
so the land was never liquid, which at the time comprised much of the nation's wealth, social stature and political power; tied to serf's rents, harvest, goods, etc - more than 80 percent of production at the time was agriculture (16th century).
when primogeniture was in part altered, during Tudor and early Stuart reigns, the land was allowed to go to new buyers, not tied to blood lines. this in turn allowed the proceeds to be distributed and allocated in part to new smithy's, bakery's etc.
this in turn led to greater poverty as it upset the medieval villager's stability and certainty of position within the system. but that is not black and white obviously.
regardless . . . shorting, by providing liquidity, ie. taking the other side of the trade, is somewhat essential here today. in fact, learn to make it your friend, if most vanilla investors are only longs - what does that leave one to surmise about the professional's moves. just like GS taking the other side of THEIR CUSTOMER'S TRADES!
goooo wamu ohm
all wamu issues finished strong and green today! wamuq multiple bottom @ .065 and up over the last 3 months. solid base building, bolli's tightening and a few more shorts covered . . . this weeks finish could be telling.
go wamu, go ec, fuposcsmfcltbBR