Waiting
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Definitely found a reference to insider trading; however, I would add that the reference you offer below specifically refers to PRE-petition claims of insider trading as seen here:
Can you repost the link. Did not work properly...
I still believe we may be in a very good position to see a massive ROI for our escrow investments. There is just too much data like this leaving possible asset kickbacks. Its very exciting seeing all of this unfold.
Appears to be some very interesting content here in this google search I did focused on William Paatalo. I admit I do not understand much of the content, but, from what I can deduce, some of these links seem to explain where these loans are:
https://www.google.com/search?q=William+Paatalo&oq=William+Paatalo&aqs=chrome..69i57&sourceid=chrome&es_sm=0&ie=UTF-8#q=William+Paatalo+Washington+mutual
-Jest
Not really arguing as much as discussing.
I was merely responding to this line in your post which you did write. "As always - I appreciate your DD - do not like your false statements like its know the bank was solvent - and as always hope I want up with egg and pie in my face and cash in my pocket from escrow.". Perhaps I took it out of context. I usually quote specific content I am responding to so there is no confusion. Sorry about that.
Good luck to ya Donot,
-Jest
Hello Donot. Do you know the lending requirements in terms of what percentage of loans must be backed by Tier 1/Cash assets?
I've heard varying numbers from 6% to 10%....but if you work the numbers backwards from the $20 BILLION dollars, you may be way more willing to accept that WAMU was never insolvent.
Me and a few others researched Project Filmore, and I found that much of the movement of the $ was to meet Thrift Requirements. Regardless of why the money moved, it existed...and it was enough to address the concerns of the OTS.
The $20 Billion was not all of the Tier 1 cash...that is certain.
Using 6%:
6%(X)=20 Billion
X = $333 Billion
Yes...this is a simple way to respond to your question about solvency...but it should be a bit of an eye opener if you had not considered it in this way.
Good Luck to ALL WMIH Longs!
-Jest
Holy crap! Take it down and start over for Christ sake! This website tells me WMIH is a joke. Take it down and do it right!
Remember too: EXIGENT!
Exactly....ask yourself why Fannie and Freddie are STILL under attack even though they paid EVERY penny back to the people + interest and are fully functioning companies.
IMO...they are trying to find a way to identify exactly where the paper is for these.
Someone is searching for treasure.
-Jest
There has to be something to this and why FNMA/FNMC are still in conserverorship. There is something here to this,...I just can't put my finger on it. Any ideas appreciated.
Thanks all!
-Jest
U S U R Y
What the fed has done to Fannie and Freddie could, IMO, be defined as such. I would love to hear some confirmation that this illicit act is being addressed.
Usury laws have been established for a very long time, yet it never seems to come up in current history (as I think it should).
-jest
I know a lot of people out there who could benefit from the prophylactic benefits...myself included. It is a game changer and I pray for availability for selfish reasons. Many will benefit from the pharma side...as well as the financial side IMO.
GLTY!
Jest
Is there anyone who has any thoughts about where this is going? I have been watching on the sidelines for almost 10 years because of a personal need for their Scenesse product.
IMO, This fruit may be about ripe for attention given all of the news Clinuvel issuing talking about their success and new applications for their Scenesse (increased revs). NOTE: I still believe this is a long term investment, unless Clinuvel gets bought out in the near future, which I believe is possible given all of the support they are getting from larger pharm companies.
Interesting News (not necessarily current, but still relevant):
http://www.clinuvel.com/en/scenesse/scenesse-afamelanotide
http://lifescientist.com.au/content/biotechnology/news/clinuvel-raises-7-2m-for-scenesse-development-52729420
http://www.clinuvel.com/en/investors/news-publications/announcements/2012/clinuvel-files-european-marketing-authorisation-application-for-scenesse%C2%AE-afamelanotide
My WAG (wild arse guess): I expect to see more and more good news from them going forward. Revenues will begin to increase with PPS following. Once proven, they will be bought out by a large pharm for a VERY nice ROI for investors.
Good Luck Everyone!
Why no discussion here? Seems to me this forum would be bursting with speculation as to how this IPO will be released.
-Jest
Who trumps who? The FHFA decides to keep the GSEs in place while the morons in congress push to wind them down.
I have seen this happen before....they are out of sync.
I believe Geitner was appointed to his role as country ruiner.
Thank you Tesla! Will take a look! -Jest
It is UNCONSTITUTIONAL.....PERIOD! Doesn't matter what Geithner stated...then or now...at least as it applies to the sweep...he knew it...we know it.
Geithner needs to rot in hell for his role in this debacle and the other debacles which he took part.
You said it yourself: "You, I and everyone else don't have a clue as to what's going on."
How can you admit this, then return to your typical spew on this forum.
Version 1 and Version 2 should take a hike.
-Jest
Don't forget todays meager volume. PPS drop for the day seems exaggerated for such a low volume.
-Jest
It is not about YOU! The forum is a PUBLIC forum for those who know everything about BOTH companies as you clearly do AS WELL AS for those who know NOTHING about WMIH and read the iBox for a summary of WMIH. I am concerned for the latter as they are not affected by that WAMU logo, or the other WAMUQ content.
The chip on your shoulder is unwarranted. My original post was focused on the content in the iBox,...not the content of our discussions.
The iBox should be about WMIH. Nothing more.
Human.
Believe me, "anger" is an understatement for what has happened to us. That anger has not subsided much over the years. It may have increased on several levels.
Doesn't it bother you at all to see the old WAMU logo sitting there on the top of our NEW company?
I actually took the time and searched for a WMIH logo. I'd like to see THAT! THEN we would see some interest! If IF IF WMIH were to create/design a new logo for WMIH, then a new type of discussion will begin here and WHIM longs would have something to smile about...a new standard!
IMO, that is where the difference lies. The old logo is a psychological connection to the old WAMUQ which DOES NOT EXIST with WMIH.
Most longs know I have been here for a VERY long time...and made my contributions over the years. I am an escrow holder,...and I am long WMIH....but I do believe it will benefit us to "cut the cord" with the iBox references to WAMUQ....especially that yellow and blue WAMU logo.
I should add....I work for one of the larges BRANDING companies in the world. Some of that certainly plays a role here.
While some disagree, I respect that!
Good luck all!
-Jest
I didn't say forget it. My point was very clear. This is WMIH. Clean and simple. Forget what you want, but this "intermingling" of companies is bad form.
WMIH is NOT Washington Mutual, Inc.!!
References to WAMUQ only confuse potential (and current) investors. While I appreciate the refined iBox, that WAMU logo DOES NOT PERTAIN TO WMIH AT ALL!!! It is ridiculous to me (and others) that we are trying to build WMIH with the anchor that was WAMUQ pulling us down (or at least preventing us from moving forward). The skeleton of WAMU/WAMUQ rest at the floor of the ocean.
WE MUST HAVE THE COURAGE, AND THE SENSIBILITY, TO PUT THAT BEHIND US!
Look FORWARD people, NOT back!!
Long WMIH!
-Jest
Excellent! Thank you for your post DW! Always appreciate an opportunity to fill in evident gaps in my knowledge base...especially when it comes to my investments! Thank you!
-Jest
"Too much sub-prime exposure...."
As a shareholder of Fannie Mae (and WMIH via WAMU), I wonder why both of them, WAMU and Fannie/Fredde, were vulnerable to this same exact exposure? Weren't these masses of subprime mortgages bundled by WAMU (and other banks) into MBS/CDOs and then nefariously sold to entities like Fannie and Freddie for the singular reason of getting the bad debt off their books? If so, why would they both have had the exposure? Something isn't adding up IMO.
Thoughts?
GLTY
-Jest
Does the FDIC suit open the door for RICO?!? FDIC action against 16 banks....fraud...this would be TRIPLE damages if memory is accurate.
Was explaining this scenario to a co-worker...and oddly...I described Fannie Mae as "A phoenix rising from the ashes and right into a cage". LOL -Jest
Wonder what happened to RegSHO? eom
LOL Hello Hello Hello! I will give you all the DD you need! LOLOL
WHY isn't this "news" showing up in the news feed?
Any premarket information? -eom
LOLOLOL Clay! LOLOLOL
Textbook funny video! LOLOL
Thanks for the chart AND the laugh!
EVERYONE NEEDS to watch this!! LOLOL
Love ya man!
-Jest
All good T! Good luck to you!
Not sure I said there would not be dilution. I expect it. Just want value to more than offset the bump in O/S.
Why the chip on your shoulder?
Yeah...KKR involvement has opened MANY doors. Defining WMIH as a SPAC is also very interesting....IF the forthcoming dilution does not make our positions meaningless, which is my main fear at this time.
Just remember that article was from end of 2012. That domino fell a while ago. :)
-Jest
Hey!!! How have you been?! Lots of activity. You still hold a position?
Hope all is well!
-Jest