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jaime dimon awards himself 55 miilion for '09. and now jpm is downgraded. saw it on yahoo board.
just remember elections are coming up. they do not want this exposed during them. quick return imo. savings and loans do not have the holding companies subsidiaries that are spread internationally. these subsidiaries rely on the holding company. the longer they delay turnout the more fdic and jpm can be made to pay in restitution. this isnt just a bank this is a mammoth corporation that fdic tried to destroy and they didnt even know wmi's reach. thus the legislation being rolled out this week. congress will have to answer to the american public for this. fdic had to have congressional or treasury approval for the takedown and they have some esplainin' to do. wmi accounts are on standby at wfc and walrath will rule and soon imo.
do you have a link REAL?
to have a contract money must change hands. none did! the 1.8 billion was taken by fdic and never went to the holding company. a contract was never consumated. and a true auction for best possible outcome for shareholders never took place. jpm has title to nothing to include the skyscaper in seattle. thats why they have the ghetto signs painted over the wamu signs at the banks..(then when the lights come on at night the wamu shows through). they have nothing and are at wmi's mercy right now. this was illegal seizure cut and dry and they can be made to return everything if wmi wants everything. it is in walrath and wmi's attorney's court now. you cant own something you stole!!! just ask JD and SHEILA BAIR ...if you can find them. they are probably half way to switzerland by now!
they did merge but wmi owns the stock...big difference. thus they are named a "wholly owned" subsidiary of wmi holding co. the holding co owns and controls everything. that is why the fdic has no legal authority to take down a bank with a holding co. and why barney franke is rolling out the legislation this week to try to change this in the future. i dont think it will pass. too many legislators for free market and less govt control. this is a total power play by the fed reserve to suck the life out of american legacy companies. i dont feel it will pass especially when this debacle is exposed.
weil did ask for judgement foregoing jury trial and walrath said she would take that on advisement. since fdic attorney was being a blowhard and had no juridiction to do what he said...we move forward. once a company drops into bk the fdic has no clawback measure. not congress, not the president only walrath's opinion and ruling rules in bk court. go wmi!!!!!
barney franke taking up the cause this week. he is starting up the legislation on "too big to fail" this week. they are getting ready to tell the american people they are sooooo sorry it was a big mistake and they are taking steps to guard against it in the future. still yet, wmi will be grandfathered in and i feel untouchable from now on for what they were put through by these thugs. better yet..i dont feel they'll go anywhere near wmi again. once bit twice shy! dont you know fdic and jpm you "cant play a player!!"
most everything wmi owns is a subsidiary of them or the holding company issued stock and the holding company owns it. the tentacles run very deep. that is why they are washington mutual. the holding company is king. just try and steal something....we'll come after you!!! hear that jpm and fdic. go weil...the best bk attorneys in the world!! we are going to be rich jim. jpm and fdic are going to get schooled and put in the "naughty corner" real soon. they'll have to pay to get out though...and pay big or this goes public! the attorneys are being cordial for the moment any more crap and they go postal with the info!!
in june 10Q, it was noted that WMI held 4 bil dollars worth of providian financial pref shares. wamu bank bought providian in 2006. and providian remains a subsidiary of WMI. although wamu bank was seized those shares still belong to the holding co. WMI direct and indirect subsidiaries include providian bancorp,providian leasing,providian maritus investments, providian services corp, providian services llc, and providian technology services private limited. wmi owns providian!!! so deal with it!! JW quit spewing crap!! we have more research on this company than you will ever know.
providian is the holding company's. they are already earmarking existing providian customers accounts for their return. i know because i am one. you do not know what you are talking about at all!
they have title to nothing!! all a smoke screen. weil filed bk before anything could be transferred in title. need to interview jaime dimon on that one. oops..he is stepping down. you need to ask sheila bair! oops again...stepping down. guess they are getting the hell out of dodge before the tsunami hits. the tsunami they caused!!! jpm is quaking in their boots. fraudulent conveyance, conspiracy, lying to shareholders about solvency, using a solvent u.s. bank to prop up a fed reserve bank. yeaa they own everything....not! the "official auction" never took place and a bidding war is very possible. you think GS would do all the dirty work in getting tpg to invest then shorting the stock to oblivion just days later to simulate a failing bank...only to be locked out of the bidding war? dont think so. when the money is returned it proves the bank was solvent and it was "gifted" and not sold to the highest bidder to give the bondholders and shareholders the best possible outcome.
i think they should reverse the whole transaction! i dont think wmi wants the bank back at this point. they just want the cash. but if it comes back...whose complaining? except jpm! i read awhile back that the banks that jpm thought they bought are landless. jpm is a renter. wmi has its best holdings so wound up in its subsidiaries...there is no way anyone could just scoop them. the land is held by the holding company not the bank.
but remember texan that bear stearns was lock stock and barrel. wmi wants the money for their banks, trademark infringements, etc. we will get that. but some people get confused talking stock swap and all that. i dont feel that will happen. they want cash for their bank. and then the holding company is set to come out of bk. i dont think they would want any of jpm crummy stock unless tpg is working something in the background...they did buy 8 million dollars worth of jpm recently i think. maybe another angle to work?
wmi doesnt need the money. the windfarms are on their last legs. the "greenies" are losing traction on the global warming crap. windturbines are junk! why do you think t. boone pickins stopped his infomercials? no backing monetarily. even "gore the bore" moved on to high end lithium cars. and only because he got a sweet grant from the govt to finance his crap. why not sell the windfarm while they can still see something out of it. if they wait any longer it will be a future tourist stop. "remember when the earth was going to cease to exist and this was going to be our saving grace? but only when the wind was blowing!!!! and we were still sitting in the dark in brownouts sweltering. give me a break!! wmi is loaded and the only things you will ever see them unload are liabilities!!!
in the interim go to the spa and get a mani pedi. thats just gross!!! and treat your wife. you may be able to salvage it. but if not you'll be able to sleep with your benjamin$ and sleep very well! good luck to you!
this saga seem to be folding up into a nice neat little package. very quiet everywhere!!! and only the one's in the KNOW will be the one's with the DOUGH.
the reason it is plummeting is because nite the mm is an extension of jpm chase and the president of scottrade is on the board of nite. can you say MANIPULATION! this stock should be soaring but they are holding it down so not to bring anymore attention. jpm wants to pay the least amount of money possible for this debacle . big boys own this stock (common and pref)and none have moved. they have only added. and the firms are low turnover very conservative buyers. they know what this baby is worth and they are going to get paid! we are just along for the ride.
didnt weil ask the judge for ruling foregoing a jury trial and she said she would take that under advisement? i know i heard him say that.
the fdic was taken down in the savings and loan scandal and made to return banks to their rightful owners. they are not untouchable. JD and SB dont just step down. this is big and just the beginning. and as far as commons go..i dont feel wmi is in the cut throat business. they only went into bk to get away from the fdic while they sured up their company. to be cut at the knees, your computer system taken. bank taken, employees taken and to be locked out? i feel weil is doing an awesome job and will prevail. tpg will get their money back. and when i worked for piedmont and they went into restructuring under chap 11. my common stock went to Q then when reorganizing was over they returned with a new ticker intact. i feel this is what will happen. stockholders nor the bank was the problem. fdic the govt and jpm were the problem. i feel wmi will take care of their shareholders. just like they did last sept. with their cayman preferred shares. they were reissued as wmi stock. how did washington mutual know the "WMI" symbol existed unless there had been a plan in the works. just too organized for a surprise seizure...dont you think? or maybe a plan played to perfection. i think the later is true!
bet you we are the "bad things happen" in that article!!! she definitely needs a new perspective...from behind bars! here kids this is my new book.."do not what i say or this is where you'll stay..the life and times of sheila bair from the pokie!"
yes she is leaving it was on reuters after court last week.
doesnt look like to me anyone is keeping ole' JD and sheila status quo! when the light comes on the cockroaches are going to run. its hard to find a banking job these days you know. BO and emanuel wouldnt even go to the blacktie in chicago with JD. they knew what was coming. they dont want to be implicated. JD and sheila did this one for the gipper. dont you understand. this wasnt a financial transaction alone. this could take down the fed reserve, sec, otc,fdic and BO. this will get settled. this is their nightmare!!
yea but how are they going to pay and not be implicated? this is going to be good!! how do you think they will spin this one? sheila bair is leaving to write childrens books just because? give me a break. this chick was just on time magazine as the most powerful woman. i guess the bigger they are the harder they fall. and fall fast. how is ole' JD going to explain himself ..."from BO's best banker to jailhouse bunky. this is certainly going to be a sight!!! and we have a front row seat!! go wmi!!!! go weil!!!!
this is a case of biblical proportion. david and galliath. here comes the rock out of the slingshot!!!! bullseye...SHOW ME THE MONEY !!!!!!!!!!!!!! go weil!! these guys are the best of the best. divide and conquer!! what was fdic there for anyway this was between jpm and wamu. their attorneys were so green they couldnt fight themselves out of a paper bag. jpm attorney went from cocky last session to bumbling idiot this one. he is definitely out of his league. weil and co. are the bomb and they will prevail. if anyone can take the fdic down it WILL be them. why do you think bernanke is trying to get legislation passed to take down holding companies and non banks that are deemed a systemic risk? because they were schooled by wmi and they obviously crossed the line and went there...with hand inserted in cookie jar and head up preverbial ass. that is why tiny tim said their will not be another wamu!!! because they are going to have legislation now to back it up. but in the meantime wmi is the monkey on their back that can expose the fed reserve and banking "checks and balance" agencies for what they are ...corrupt and a total ponzi scheme. FDIC insured? yea right!!! who's going to insure them? lol.
im sure they could make room with madoff. maybe he and jd could talk over why things went terribly wrong. crime never pays...except our way!!! go wamuuuuuuuuu!!!
why do you think JD and sheila bair announced they are leaving their posts? to spend time with their families. give me a break! very suspicious she announced right after the court arguments. fdic and jpm are screwed!!! judge walrath is writing the ruling of the century. just the give back of the 4 bil proves the bank was solvent. 1.8 bil for a 52 bil dollar bank..i dont think so. also i feel providian is set to be returned also. russell investments and insurance are keepers of the tower in seattle and they are "waiting to see how things work out." looks like we have a plan. and i feel lehman with their aurora bank up and running and their home loan lending started up, washington mutual would not have a problem hammering out a deal for the holding companies to merge and folks we are in business!!! i want to be the first to deposit my 4.5 million in their bank!!!jmo.
what is the common conversion rate for preferreds? on the cit message board they said that we would retain 9% value but preferreds would be converted to common. is this true and what does this mean for us?
looks like sheila bair leaving? i wonder why? hmmm. going to look great in that orange jumpsuit. and wmi and leh are going to rise from the ashes. i hope they partner and come out to kick some financial butt.
maybe she'll head up the new and improved acorn. totally corrupt and belong together.
looks like they are quietly exiting before it hits the fan. now we know who would take the fall for the biggest bank heist in american history...both sheila and jaime! wmi is getting paid and soon. i think orange will be a wonderful color on both of them.
with whose money did they repay it with? argument could be made that the gain from stealing washington mutual gave them the solvency they needed to proclaim they were strong. they made money off wamu's money and stolen assets of the holding company. jpm was insolvent. so the argument could be made they repaid tarp with ill-gotten gains.
and just like fdic had no jurisdiction to take down a solvent bank with a holding company! fdic is broke. jpm has our money they stole and they received a windfall of earnings off that money. we are getting paid. judge walrath is going to write a stinging judgement and fdic will have no recourse. just like she said in court ...you must have a reason to stake claim to the 3.1 billion and you have none. no one has staked a claim of ownership except wmi. just like when fdic seized savings and loans illegally in the 80's.they were made to payback everything and restored the bank. it was a texas bank i believe.
the only reasonable doubt is in jpm's attorneys head!
"fundamentally"...jpm attorney your f*cked!!!!
hand in the cookie jar!!! wmi built the best mousetrap! caught those rats before they walked off with the prize for free. go wamu!!!!!!!!!!!!
wamufsb was a wholly owned subsidiary intertwined with holding company.....period!!!! what an asswipe this attorney is. and wmi is the ticker!!! i was right about that long ago.
this guy couldnt fight his way out of a paper bag!
wamu lawyer "its time for the delay to end!" and judge only gave jpm 20min out of 40 for rebuttal! she is going to rule!!!!
the reason it hasnt skyrocketed is because nite is owned by jpm. scottrade president is on the board of nite. total manipulation to keep the price low so not to bring attention to the stock. the less the stock price and the more facets of jpm buy up this stock all over the world ..less outlay by jpm. the shortstocks that havent covered i feel are the stock gs and jpm shorted to make wamu look like it was failing. they dont have to cover because they will pay themselves back in the end and wont have to cover. jmo.
jpm and fdic didnt care about wamu being destroyed did they? jpm shareholders are stupid if they have no clue about this. idiots dont need to own stock they know nothing about imo. rothschild is the kingpin of this whole scenerio that took place. it is about pulling the wealth out of america for his family's empire and gain. jpm overleveraged and was an accomplice to the madoff funneling. the govt was in it too. this is class warfare from u.k. to u.s. the american people are being pimped out by the u.s. govt to pay the pimp boss rothschild.