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Boris what do you think the P/E should be?
Thanks Az, here’s to hoping we hear something on those bonds this week.
I guess people forgot WAMU was the bank of choice for short term lending to other banks. But they wanted to even cheat at that and mess with the Libor.
Dufus
Hidden in plain sight...
Well we had 8 straight days of going up, it does need to consolidate a bit. Nothing goes straight up without news.
Thanks for your honest assessment. The possibilities you mentioned still could add up to billions if your correct. Just wondering why you would call the common shares “Zombies” and not the preferred markers?
Is that a shot at anyone? We also get to see if the bonds and preferred makers are addressed very soon.
Thanks
So Mordicai, if everything is “debunked”, do you think closure of bankruptcy will help COOP and the escrow owners? If so how?
That’s pretty cold soon, I actually like the alien shows...
Go coop :)
Hot-meat, any 2nd year accounting student can tell you what devalued assets vs. book value means. What you believe happened cannot be legally done. I know you think the government is ALL powerful, but the reason the IRS is constantly referred to in all court documents is Accounting 102.
Book value is not taken away with an eraser and decided or based on the buyers financial condition and what they can pay.
How much of a bridge loan did COOP get?
600m or much more?
Good info!! But these pools seems to be between 1-2B max? Is that correct? Or is this just for the Miami / dade co area?
Any short report yet?
Yeah but Bob, COOP is a different story.
There waiting for this to close also. And we should start seeing some immediate benefit from them. The wait will be easier if they move assets to the books or something.
We hasn’t been significant volume at all since the last report but good movement upwards. If there is a decrease of 1-2 million shares, I’d like to know how they do it?
Not expecting much at all.
Buy the rumor...sell the news? Let’s see how we end the day.
Can’t find the message, recap?
Patience Panda Patience...let it close, then let them remove shade.
So bond, your here for COOPs recovery?
And it will go so much faster now that football is back!!
Why would coop pay for servicing rights if they are the same body with a new name?
Coop is Old Wamu
Lodas, your only looking at the shorts from one angle. What if more shares were offered at a diluted price right before they record assets to the books? What would the stock price do?
Stock Drops - They cover - it’s done
We are not supposed to be here, we will be fine and it’s not going to take years.
That’s right stay until you know something. Even if your wrong on the date .
Will we be able follow this and see if it’s extended or executed?
Oh k, we just see things differently. What ever was thrown had no bearing on us or the assets. Wow...
Then you also remember that those assets were re-evaluated with an appraisal that was thrown out and stricken from the record right? Don’t get selective memory, tell the full story. But you most likely see it differently than that.
Hot meat, you can legally reevaluate or restate the value of any asset. You just must publicly disclose. It Is that simple and it’s done all the time in real estate.
Hell, it’s was the blueprint for the Kmart robbery. What you can’t do is write something down for the sake of purchasing it at a cheaper price. That is illegal.
Hot meat, they immediately wrote down the assets by 30B and published a report saying they found 30B in the ashes of Wamu’s rubble. One year later. I don’t time to get the article.
Hot meat, then they reversed it and wrote back up by the same 30b about a year later.
I think he was lying about not holding things up.
Yes that’s why this case has followed him to his current firm, no one will touch it.
I don’t know if AG will prevail, it could be too late in the process.
Also if she does win, the appeal could take longer and Rosen could just try and hold things up for a long time.
You expecting any surprises during earnings announcement on the 1st?
Juschillin, I think you may have misunderstood. I think paid but monies not released. Maybe I’m wrong, hopefully.
Yeah I would definitely like to know if this was extended?
I wonder why they just can’t be paid in cash like all other transactions?
But Ron she filed an appeal and responses are due by 7/8. I don’t see how it would be wrong if they have to respond?
How did she violate anything Ron?
So insider buying is bad? Really?
Ron what is “WMBNHG”?
Civil War, so was the outcome any different if indeed NYC law was applied?
I don’t remember any of this.
There should be a huge increase.