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Thanks TJ1947
Anyone know what email this poster is referencing?
Posted by: blissonmoon Member Level Date: Monday, March 08, 2010 8:57:19 AM
In reply to: None Post # of 162149 Send a link via email Share on Facebook Tweet this post
It might be possible that JPM itself will start buying WAMUQ shares on open market... Looks like big boys loading will start today... This could go up in a hurry. I would nt be surprised to see 60 cents today based on what we saw in that email last night about some settlement for all parties on March 9th...
What email last night?
That's not a list, this is a list........WOW that's a full out, world wide email assault.
How many shares do you think Cramer has? Anyone that thinks this guy is not holding a boat load, doesn't know Cramer as the greedy bass turd that he is. The guy ain't know dummy. I agree with you I'm no vulture.....
Climber - the CITI, Wells Fargo, Wacovhia thing establishes value even in the middle of the financial crisis. There is to much evidence of wrong doing, that is about to become public, JPM / FDIC could maybe tie this up for years but they can't prevent the evidence from being made public, especially with the uncontrollable wild card.......IHUB and Yahoo Groups, with us working on the media spreading the word the way we have, I don't think anyone can say we haven't influenced this case with emails to the media, congress, and the EC committee, the only way to shut us ups to pay us well. As invulnerable as JPM seems, they are not going to chance the serious damage to their reputation, the careers, and the judgment they face when they lose in a trail will dwarf the 52 Billion they maybe facing now. Not to mention the pressure from the FDIC, if the evidence is made public it will totally destroy the FDIC and the public's confidence in the banking system as we know it. And lets not forget TPG's silent partner.....the Chinese that I'm sure Geithner has made promises to on his visits to China. All Just MY Opinion.
Wells Fargo Buys Wachovia for $15.1 Billion
Wachovia shareholders will receive 0.1991 shares of Wells Fargo for every share of Charlotte, N.C.-based Wachovia stock they own, valuing Wachovia at about $7 per share. This is a nearly 80 percent premium over the stock's Thursday closing price of $3.91. Shares closed at $10 last Friday, the last trading session before the deal with Citigroup was announced.
The WAMU deal took JPM from just over 3000 branches to over 5000 branches almost doubling their size. JPM Made Billions on this transaction. This is the kinda of information we are using to base the value on. as well as the price paid for Wachoiva. The numbers are there. Anyone thinking $1 is not doing their DD.
May 26 (Bloomberg) -- JPMorgan Chase & Co. stands to reap a $29 billion windfall thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual Inc. into income.
and
Retail Banking, which includes the results of all consumer banking and business banking activities, reported net income of $1.0 billion, up $479 million, or 85%, from the prior year. Net revenue was $4.5 billion, up $2.0 billion, or 78%, reflecting the impact of the Washington Mutual transaction, wider deposit spreads, higher deposit-related fees, and higher deposit balances. The provision for credit losses was $268 million, compared with $50 million in the prior year, reflecting an increase in the allowance for loan losses for Business Banking loans due to higher estimated losses on the portfolio. Noninterest expense was $2.5 billion, up $965 million, or 62%, from the prior year, due to the Washington Mutual transaction.
The DD is there to support our numbers where's the DD to support less?
Thanks Jerle......great post
"this is going to be very hard to explain away to the american public when wmi returns." That is why I say WMI will not survive.
IMO they will call this a merger of JPM and WMI and sweep it under the rug. There will be no coverage from mainstream media, and under the rug is goes. Unitl the movie comes out.
Newfie, I've been here everyday for the last year and a half, This is my opinion, and I believe I'm right.....
I heard that, not sure where that came from, that was before Fridays revaluations, I believe, and I took that more as a threat to the BOD to gets their heads out of there behinds.
There is no way in hill JPM is going to give up a branch, and there is no way in hill the FDIC is going to let WMI survive past settlement, JMO
Not going to happen JMHO
I don't think WMI will come back, IMO WMI will be totally absorbed by JPM. The FDIC will not let WMI survive after settlement, to damaging for them.
You're GOLDEN!
Unless you don't own a share....
Are you pre-seizure and do you still hold your shares?
The way is being cleared!!!
20 Billion ($20,935,696,250) would pay preferreds in full and pay commons $10, but that doesn't cover, debits or bonds
Hey, where did you here that? That sounds great to me.
Rosen said "a global agreement"..........
All of the media people STILL don't get it!
They're holding it below .30 lets see how long they can do it, cover those shorts shorty!
NEWSS!!!!!!!
Washington Mutual Sees `Momentum' In Talks With JP Morgan
Mar 4, 2010 13:06:11 (ET)
By Peg Brickley
Of DOW JONES DAILY BANKRUPTCY REVIEW
WILMINGTON, Del. (Dow Jones)--A lawyer for Washington Mutual Inc. (WAMUQ) Thursday reported "momentum" in discussions aimed at settling disputes arising out of the largest banking collapse in U.S. history, that of Washington Mutual Bank, or WaMu.
Brian Rosen told a bankruptcy judge that a deal could be on the way soon among Washington Mutual, WaMu's former parent; WaMu's new owner, J.P. Morgan Chase & Co. (JPM) and the Federal Deposit Insurance Corp.
The three have been wrestling over some $4 billion in cash that was in Washington Mutual's bank accounts at WaMu when the thrift was seized and sold to J.P. Morgan in September 2008.
Investors have been hoping talks would result in a settlement that means payment sooner rather than later on billions of dollars worth of debts left in the wake of WaMu's failure.
The thrift's seizure has triggered a flurry of lawsuits, some aimed at J.P. Morgan, some at the FDIC and some at Washington Mutual Inc., arousing fear among investors that court fights could tie up the money for years.
Negotiations have "accelerated over the past few days," said Rosen, who is with Weil, Gotshal & Manges.
"There seems to be some momentum," he added. As a result, the former bank holding company agreed to push off scheduled court fights over the bank account cash.
His remarks fueled hopes a settlement will clear away the cloud of litigation surrounding the assets left in the wake of WaMu's collapse.
Besides the bank account cash, there are billions of dollars worth of tax refunds on the way. J.P. Morgan, Washington Mutual and the FDIC, as receiver for WaMu's creditors, have all laid claim to the money.
Rosen's remarks came at a session in the U.S. Bankruptcy Court in Wilmington, Del., where a judge was scheduled to weigh the FDIC's case for grabbing the bank account cash.
Washington Mutual and others involved in negotiations agreed to push off the court fights for continued talks, Rosen said.
Judge Mary Walrath is already mulling a request from Washington Mutual for a court order requiring J.P. Morgan to surrender the contents of Washington Mutual's bank accounts to the former parent company.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.)
-By Peg Brickley, Dow Jones Daily Bankruptcy Review; 302-521-2266; peg.brickley@dowjones.com
(END) Dow Jones Newswires
March 04, 2010 13:06 ET (18:06 GMT)
Call back in at 11:25
I don't understand dilution, why don't they run a stock up to like .001 and then dilute, heck thats when the shorters come in. Diluting at .0001 makes no sense. Just a rant not relate to any particular stock.
Yes he does......
dully noted
It's certainly made me bi-polar, I'm up, I'm down, from filled with joy to severe depression. All in one day....
You guys need to get off rockie's back he's been here since the begining.
Posted by: rockie101 Member Level Date: Saturday, September 27, 2008 4:13:47 PM
In reply to: None
Its on Yahoo News WM has filed Bankrupty.
He has the right to vent his frustration on this board.
You're welcome that guy is irritating
Is this the one?
Posted by: nursejeff Member Level Date: Tuesday, October 20, 2009 5:35:44 PM
In reply to: shooterkc who wrote msg# 110066 Post # of 156740 Send a link via email Share on Facebook Tweet this post
You're right shooterkc don't shoot the messenger... The big news is that there's going to be no settlement this year and this stock
will see single digits within the month.
Other news... JD will be made treasury secretary in 2010 (mark this post)
Most here are wishful thinkers, but the reality if you're willing to see what's happened this past month is this stock is going nowhere until WAMU comes out of BK. At that time the commons could easily be cancelled (as stated by previous posters), there's zero guarantee that they wont.
I should have sold at 44 like many here because even with diamonds pumping and 'the law is the law' others perhaps closer to the case know where this is heading and it's not looking good.
Please pick up my 250000 shares in the am.. Bye bye for ever from me I'm taking my winnings from 0.10 and I'm out.
Not one single poster here has even come close to facing the reality of the situation, it's just dreams and pumping
GOOO WAMUQ GOOO!
T-form trade 96.755?
Is your Etrade show the pre market activity? Mine is not, is shows 188 shares traded but no price
Hammer gets paid I get paid......
That is just too funny, I've watched it 10 times.
I friend of WAMU posted this on another site, maybe he's trying to tell us something,
Ahh excuse me Mr. Dimon, could you play me cash.