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Simply put at the deadline date for objections(mar 16) no objections to EC motion were received. The cert. is filed to officially state this fact.
motion filed by ec attornies set a cut off date of march 3rd for eligibility to vote for new bod. ppl who bought in later not eligible but motion needs to be approved first.
The wmb bondholders claims have NOTHING to do with wmi!!! The judge already made this clear when she addressed the "corporate veil" issue a while back. Rosen and co. are just clouding the issues since it was he himself that argued against wmb claims being made against the wmi estate. Check your facts before you post crap.
my hand was "NEVER" on the sell trigger. I prefer to lose everything rather than let those scumbags who were creating panic on the board to benefit from my shares!!!!!!!!
People...why are we attacking poor Kevin. He only wants whats best for us!
HE LOVES US COMMON(S) FOLK!!!!!!!!!!
Thanks for the link. eom
is there a link circulating for the cnbc piece???
Correct but its also its loaded with omissions of facts which if included makes the writers point moot.
What about the other firm for conflict rep. were they appted also?
True...I don't see dimon, bair, paulson et al being enthusiastic about being grilled on their roles in this fiasco for the world to see.
When does the trial process officially begin and can it be settled after this process has already started???
You may be right but I've seen too many shenanigans by jpm to be closeminded. If all those shares are dumped we could see sub $0.10 sp due to 'weak hands '. This benefits whom???
Question: what effect if any did the disallowed claims against wmi have on wmb bondholders $50 bil claim against wmi ?
Just watched both wamuq'd videos but now i feel kevin starke was right. I do feel like a "VULTURE"... picking at the carcasses of all those poor people who lost everything when wamu was seized.
See y'all tomorrow!!!
Excuse me??? $20-30 pps settlement? Where did that figure come from?
Thats plausible since he is a former bankruptcy lawyer. If true this will be the Coup de Grand of the century!!!
Where did this 50Bil magically appear from? Didn't they convincingly assert that WMB bondholders have no basis for claims against WMI? I'm puzzled by this since both docs will be seen by THJMW and she will take notice.
Ur so right. In last 16 mths I not read this board only 5-10 days. Oh pray tell, what will I do with all this free time when this case is "settled". Hmmm!
could someone give me the post# with the UST's response to the debtors motion to disband the EC.
Thanks.
Guess what kevin starke specialzes in???
Profiteering off distressed companies!!!
"Vultures"... I guess it takes one to know one.
I really admire u guys for having the patience to respond repeatedly to these clowns. They continuously regurgitate the same erroneous arguments that have been debuncted many times before. Myself ...i really dont have the patience to do what you all do. At least your rebuttals may ease some newbie's nerves that gets rattled by their posts.
My thoughts exactly. To me she would make herself look silly to first allow counsel for the EC then only to later disband it. At least my common sense tells me she has already made up her mind and is attempting to convey her sentiment in an indirect manner to Weil, Blackhorse and any other party who may be anti EC.
Only the biggest bank heist in history!!! No worries though, the perps are about to get their "medicine".
BTW read the ibox info...too much to explain.
JOHNNY WINTER !!!
"A JP Morgan spokesman declined to comment on the results, which are expected to be bolstered by strength in its private equity division and Chase consumer franchise. "
What!!! Wamu purchase helped Jpm post record profits?
SHOCKING!!!!
According to the Seattle Times, JP Morgan's Jamie Dimon "was scornfully dismissive of several lawsuits brought by disgruntled WaMu shareholders, many of whom claim JPMorgan Chase paid far too little for the assets it got and allege it secretly worked to undermine WaMu. He called such claims "pathetically ridiculous statements."
I read that statement but cant remember which seattle times article it came from.
This is not the exact statement but it was made during one of his speeches about the WMB sale. From this one he clearly shows the same sentiment but different language is used.
So called debt(LONGTERM) yet theyre making a mint off the companys ill gotten assets. the same assets that all the pundits were calling TOXIC
did anyone notice the preferreds started tanking after "thestreet.com" article where guru kevin stark proclaimed that WMI will omly recieve about 20% of nol refund. this i believe ended the run.
what happened to the hearing scheduled today...was it postponed???
correction to ur tax figure. its 5.6Bil in returns due to new tax law. check reuters article from last week posted by realtime.
Did jpm/fdic file an objection to the motion for wider discovery power? I believe it was due by the 22nd December but i didn't see any.
This is the same guy who recently made $1.5Bil on an australian deal and he's gonna be left out of this cash cow holding commons?
NO WAY THATS GONNA HAPPEN!!!
Is wamkq guaranteed $25 payment as $1000 for wampq.
Who are you exactly to tell us little shareholders what we should or should'nt do? The fact remains that Rosen said what had to be said in the current situation. He was being realistic since WMI/creditors would not have been pleased if he had indicated that there was any chance of commons/preferreds seeing returns. Neither you nor i know what the outcome of the lawsuits will be and nobody has shown yet that TPG has liquidated their large share position.
BTW its THJMW's decision to make regarding commons/prefs and no one else's!!!!
DOJ??? When did this happen?
Back then the Trustee wasnt requesting the formation of an EC and there wasnt any press action like now. I wouldnt compare both statements to try to determine what he may have been thinking in either case.
I read most of the comments made concerning the statements made by the WMI attornies today. All i can say is... What exactly did everyone expect them to say!!! If they were "positive" about commons seeing recovery this would have led to chaotic trading with everyone wanting a piece of the action. IMO they said what they had to say to keep the real agenda hidden from the masses.
What matters most is that the US Trustee wants an EC and one will be appointed.
Listen to Ms Grind's radio interview in sticky at about 10 minute time period. They clearly state that in addition to $29Bil in liquidity they had access to a further $8Bil they could have accessed from FED loans.
WOOOOW!!!! That claim is for a whopping $7.6Mil. They're liable for half of the total. Fdic on hook for same amount.
Big friggin deal!!!!
You got the response i expected from Johnny.
NONE!!!!