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the defamation of wamu's name, saying we were the cause for the banking collapse, is on topic. they didnt say the freezing of accounts by gs and jpm to leh and wamu and the collective takedown of fdic caused the crisis did they? this is very much on topic and affects not only wmi but everyone in everyday life. after banking what will be the next crisis they must fix? or might i say destroy. we are under attack people by domestic terrorists for sure!
if they dont investigate the fed reserve no bank stock is safe. they are bleeding the american economy and wealth to "spread the wealth" to other countries to include enemy countries!
viv, you see any volume on lehpq? only see wamug and lehmq rolling.
i saw that too!! are they within the 4.5% restriction wmi set still or is that out the window?
so if tpg is taken care of irregardless of the commons, does that leave the commons in question? also i dont feel a merger is in the cards at all. tpg if given jpm commons in kind would then have substantial voting rights in jpm. jpm does not want that. that is why i think cash is king!! tpg wants cash imo and only cash!!
fsshon, i remember reading somewhere that tpg had an outside agreement prior to converting to commons, that they would be reimbursed the difference between pref and commons if commons were ever in question. isnt that right?
morning wamuers!!!! newt69 are you online? i cant private reply but would like to send you something on the email you sent me. how can i reply? send me a pm please.
diamond, wamu's subprime mortgages made jpm 39-60 billion dollars didnt they? and that was what brought wamu down? then what would have kept them afloat? lol. and as far as the media...listen with a skeptical ear. its just like obama's speeches. what he says and what he does are two different things. when he says "let me be clear" it means let me muck it up so no one knows whats going on! and when the rating places say sell they are buying and when they say buy they are selling! just keep a step ahead and read between the lines. especially with pinkie stocks!! lol. wamuq a pinkie stock!!! lol. out of posts for today...see you "GUYS" tomorrow!!! go wamu!!!!!!
you should be a gmen!!! that is it!! thank you.
but didnt wm file with the otc to transfer funds and were never responded to? i think because they wanted this money in the bank to pad the takedown so jpm would be that much better along with the fdic. this was a total pack mentality between fdic,jpm,gs, and otc. it took all these entities to take them down!! look at how mammoth washington mutual is!!! and they didnt get the job done. we are winning and will win in the end. good will prevail. and as someone said on this site...light is the best disinfectant.
yogi and fish, tried to find the post about the reissue of cayman preferred wmi. it was posted here on this board somewhere. cause when i was researching tickers that would work for the new washington mutual, someone posted that back in sept o8 that the reissue on cayman preferred was "wmi" and with waste management (wm) now posting with reference to wamuq. is only because the two tickers are in limbo until turn out.
bd2, i think wamu is used as the "go to" entity when the fdic needs money. just like in 1929 they are now repeating history with the depression of 2008-09. once again they are down. but they made sure they were not out. the 4.4 bil was a plant imo. you cant play a player and wmi was ready for what was to happen. check and checkmate i would say!!!
fish, i cant link. can you show the reissue of cayman preferred stock for wmi back in sept 08. they reissued these right away. but the ticker symbol "wmi" was a new ticker but it will not be activated till we turn out of bk. wm was taken by waste management.(wmi was the old symbol for waste management) wmi will be the new ticker imo for washington mutual holding. they did change their name by one symbol a comma. washington mutual inc. to washington mutual, inc. they are ready to roll with the new symbol, wmi. just waiting on the funds stolen from them so they can buy another bank to merge with the ones we still own that fdic still run in NY imo. i hope it is bb&t. they have the best reputation and reputation means everything to washington mutual.
thanks yogi!!!
no nonsense here just very well read!! check the reissue of cayman preferred back in sept. it says on the page "wmi" for the stock symbol!!! and that was back in sept. 08. washington mutual had their plan back then ready to roll. the govt is the slow turtle. just like i said back then "wmi will be the phoenix out of the ashes." they will be the entire catalyst in the banking industry to turn this economy entirely around. you watch!!! fdic caused this entire crisis to drain wealth out of america to funnel to the rest of the world to prop up theirs. now our gov't needs to make money and they will spin this whole scenerio in their favor after admitting guilt. they will say they are sorry and they did the right thing and paid wmi for its banks. wmi will have a gag order to not say anything derogatory against fdic or govt and we will come out on top. i feel all the stock will be reissued in kind and we will come out to be the thorn in jpm side once again. but with the guarded behavior to let jpm know this shall never happen again!!!
you are now on the same page fsshon!!!! i like it...except for the fact you called me a boy!!! please give me more credit than that. women are intellects too ya know!!!
waaaaaaaaamuuuuuuuuuuu!!! like the yahoo commercial!! lol.
they were set up to keep the gov't from getting sued. that is what the fdic is for!! they got caught in the 80's with the savings and loan stuff and a huge bank in texas took them to task for illegal seizure also? cant remeber the bank's name? anyone? fdic is the hooker of the banking industry. they do anything for a buck. keep doing it till they get caught. the pimp(gov't) pays to get them out of jail with treasury money(taxpayers) then they do it all over again. the fdic is a last agency you have to worry about having a good reputation. they thrive on adversity. they are not there to be good. they are the "systemic risk hatchet men." just think of the sopranos. banks have to pay fdic a fee to "insure" their deposits irregardless of the fact they are not being insured properly. "pay to play" but fdic is a ponzi scheme they have no money. so when they get low they seize another "systemic risk", usually the bank has a stellar balance sheet,that fdic trumps to make a problem. they know they have clean money and stockholders are left high and dry . the money is then used to pay paul after robbing peter, to fill the coffers of fed reserve to pay the "pimp boss , rothschild."
tpg would love that!! payback is hell!!!
i think the only thing wmi will take is cash. they dont want jpm stock. what stops jpm from r/s after the deal is done and wiping people out? why would wmi go thru the riggers of changing the name and better yet reissuing cayman preferred stock back in sept to "WMI" stock symbol? but why, when weil had the 4.4 bil coming back to him did he let jpm keep it? maybe he knew jpm was teetering and jpm was better "first string" than "injured reserved." weil allowed jpm to build up wealth from its mortgages, deposits, etc. and they are now ready for the kill. so who will pay? jpm will pay something but it will never be made public. jpm stock should be where gs is right now. but with the madoff funneling of funds and the freezing of jpm accounts in italy and france they are stagnant. where will they get the money? fdic to the rescue!!!! wmi, in my opinion only wants cash. no trust there. just cash. why would they allow a stock swap of any kind with the enemy? they wouldnt unless jpm was buying the whole shootin match. they are not. they got their banks and that is all they wanted. i say fdic pays out in cash for wmi banks plus damages and admits fault. leaving jpm out of it. then when the global settlement is in motion and the funds are unfrozen from jpm accounts in italy and france, this money is then returned to fdic thru the backdoor in repayment. since it has already been accounted for they wont disclose the repayment to fdic, so not to disturb their share structure and shareholders will not be diluted. they wont harm themselves and a shell game of money payouts to every country and company harmed by this fiasco is payed out. to include leh. our govt has already admitted fault in not backing up the barclay bid in time to save leh. but they still are blaming the u.k. for the miscommunication. yea right!! miscommunication my ass. we can go to london and do a credit card transaction and the money is out before we return to the states, but they had a miscommunication over backing leh with the u.k? what a joke! the parlay is alive as well. so get in on it while the p's are low!!!
jpm knew it was too good to be true. they offered wamu $8 and was scoffed at. jpm didnt even use their own money they used the 1.9 bil in money of approx. 10 investors to give fdic. they had none of their skin in the game until they started to pay attorneys. but wait they arent paying that either , because fdic gave them i believe 500 million in defense money to fight wmi after they cut them off at the knees! jpm has nothing to lose...literally. fdic cooked this meal and now they need to eat it. jpm will always plead the 5th and play the victim till the end. thats the opinion i have.
fish, that maybe so!! didnt think about that. either way they are ours. and they must be returned.
exactly!! fdic will hold the ball and the purse to payoff. jpm was baited by fdic and they are sticking to it!! "they were victims too!!! get it?" fdic will pay out so that jpm will not be affected. imo. because if they are implicated they would be in the same hole they were in when they took wamu down. shareholders lawsuits would be rampant because they failed to disclose that their numbers and stock were propped by the 4.4bil they stole!!! as for bb&t, this bank is stellar. they aare here in n.c. and a hometown mom and pop type bank. they are all about reputation also and a perfect fit if wmi has any foresight to merge or buyout. that would be a wonderful fit!!!
nothing will get done on this. the govt will never implicate themselves. we, as in america, will always be used to fill the coffers of the reserve. if rothschild needs money ...geithner will look for the next casualty. we are slaves to the fed reserve. they get no scrutiny but get all the money? what's up with that? nothing will change and stable banks should be very worried. reserve isnt accountable to U.S. and until it is we will continue to be bled to prop up the rest of the world!!! just look at the attorney's billing. why is rothschilds calls and emails redacted? no paper trail ,no accountability, like the sopranos!! evil. just read about them....the rothschilds took down napoleon too!!! everyone and everything walks when they talk!
the thing is ...if they are in bk and havent been bought out of bk that would be phenominal for washington mutual. they would get a bank and mortgage co for pennies on the dollar and wmi would be back in business! hope this scenerio happens. i just dont see the stock thing happening. cash is king!!!
absolutely!!! jpm had their chance but cheapness got in the way. well maybe not..with the laundering of the madoff funds and their seizure by france and italy, it left them frozen like they left us when we went for our liquid funds in their bank! payback is hell and we are going to give them that. judge walrath is for the wmi stockholders. she cannot prolong this much more. she has a responsibility to wmi and them coming out of bk. jpm got what they wanted and fdic used us as a "test case" to see if they could take us down. but they were terribly wrong! thats why geithner said there will never be another wamu!! but there will be another washington mutual!!! wmi set jpm up with their secret 4.4bil deposit to catch them. without that move set up by weil and co., who knows where we would be? wmi built the better mouse trap!!! and now the rats must pay.
fsshon, i dont think they are thinking of diluting the company. all jpm wanted was the bank and they got it. now they have to pay for it. but if they admit wrongdoing then they tank!! if they give back the 4.4bil they tank!! this will not be a jpm slaughter. thus jpm throwing fdic under the bus. all monies will come from fdic in my opinion. that keeps jpm stable, they payoff italy and france to unfreeze jpm money held in the madoff laundering scandal, and washington mutual holding gets their money for their banks, plus damages. but the money i feel will not translate to our shares but will give the holding company what they need to turn out of bk. and just the announcement that wmi is turning out is enough to push this stock.they have their accounts set up at wells fargo. wmi (the holding compay)in my opinion would never sell to jpm under any circumstance. they are worth a fortune and will be a force to be reckoned with when they return. WMI ticker symbol is ready and waiting(waste management took the old one WM). i think our shares will be reissued in the new WMI stock symbol. wmi still owns the banks jpm didnt want in NY that fdic runs.they will have to be returned. and the credit card company taken illegally, providian, is going to be returned. they are segregating accounts for their return. i called about my account and asked about the change of username to include the wmc code in it and they wouldnt give me a straight answer. being very vague in every way. washington mutual loathes jpm and everything they stand for. they are out for blood. and jpm will have to repay the fdic thru the back door so not to bring attention to the fiasco they caused. thats my opinion. and that is how the nol's will stay with us too. with the money in damages alone they could buy a very healthy bank and start again being the thorn in the side of jpm for infinity and beyond. with the cleanest balance sheet wmi would be the "good bank" and jpm would be the "bad bank" in the fdic scenerio. the only one that loses in the end is the taxpayer. because fdic is paying with treasury money. and jpm gets a bank for absolutely nothing!!! thank rothschild for that one.
came across the ticker on kavuto's show that their was a terrible miscommunication between u.k. and u.s. the u.s. should have backed up the bid by barclay's but failed to do so. they are blaming u.k. for mistake!!! sounds like the ass covering is starting. no blame taken all THEIR fault!! don't really care who's at fault....just open the wallet and let it flow. awesome news!!!!
mini tender...does that mean below a certain amount?
viva, on scottrade i got a message in my account that there is a non mandatory/reorganization tender offer for lehpq. expire date 6-17-2010 and a 25.00 fee will be assessed. what is this? and could it be a third party trying to screw me out of shares? could you tell me what this is?
viva, i need to ask a question about lehpq. can i do it here or post at lehpq? are you monitoring it too?
viva, jumped in on the leh-mu parlay today at 2.75!!!
leh and wamuq should have never been seized. that is why wampq has traded upward of 34.99/shr. fdic deemed them a "systemic risk." soley because the fdic had no money to cover deposits and jpm was insolvent and needed to be propped up along with the social security fund they manage. can you say "cover your ass!!!" or better yet get out your wallet, because we are getting ready to get paid....global settlement is coming!
i was given tip on this stock. could someone give me their opinion....do you think they will do another r/s? didnt they just do one?
i dont think we qualify. we are not suing the fdic washington mutual is. so it would not be a settlement to us. i did find something online about TIPRA. look it up . it says if you are in the 10 to 15% adjusted tax bracket that you would pay no cap gains on long term inv. thru 2010. i couldnt find what the cap was on how much of a cap gain you could have though. does anyone know?
jerle, do you think leh was as solvent as wamu? i just dont think they were at all. you feel they will see resolve? i want to invest but i just dont know. do you know anything of their solvency prior to takedown or were they underwater?
hey jerle and biz, i thought of the name of the new board after this...."the washington capitalists" sf. what you think?
no jerle wamu walked from negotiation because jpm was including the 4.4bil in their figures! that deposit was the holding companys and they unleashed a can of whoop ass on jpm and are going to win!
when i bought my preferreds at 1.00 and watched it run up to 34.99...i knew what i had.
no i think people are clueless and cheap!!! some dont know what they have and will get caught on news and the others are just cheap!! glad you took my joke well. all i want is the best for all. its good to have a ying and yang. just quit yanging so much ....tylenol is needed in this instance. sf