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i think regardless, in due time, the EC will submit their own plan.. there's no reason not to.. might as well throw up some crazy numbers for equity recovery.. so it can be compared to rosen's POS.. at that point.. it will take facts and figures to determine who's accurate.. and that's when we will win as rosen's POR is a bunch of lies and hidden numbers.
i like the idea the UST can submit a plan. the UST seems to be a beacon of fairness, or even more: pro-equity.
btw, does the US Trustee need to sign off on any POR before it can be approved too?
the EC should throw out a PIE in the SKY POR next week.. just to counter this POS POR.. then we can sit down and figure out who's POR is more accurate.. Weil's POS as it stands still has no numbers and figures.. i mean wtf. how do you make a plan of such magnitude and potential dollars without the adequate supporting material. all weil wants is to CRAM this all down Walrath's throat.. this aint gonna happen.
what about the EC request for documents??
maybe nothing to commons.. but i can see the rosenrat going like
"we are happy to announce that there is now enough money to satisfy all the preferreds" blah blah in attempt to split equity.
anyways, either way, exclusivity is over.. sorry Rosen.. you wasted all this time only now to run out of time for yourself.. procrastination never wins.
so exactly when is the next hearing? or is that still to be confirmed? may 26? may 28?
lol
300 bil for 1.9 bil.
ridiculous.
yepp
and to date there's been no real explanation in court for this travesty.. the judge has done jack all as far as im concerned with regards to justice.. maybe she doesn't care about justice and just wants this to end.
yep up 33 billion from 2008 to 2009 for JPM due to wamu.
i can't wait until weil gets kicked off this case.
honestly, other than getting the EC.. the past 19-20 months feels like it's been a waste of time.
i really hope the EC with Susman at the helm helps us find some justice in this case.
any word on discovery requests? turnover of docs? how the EC has yet to receive much info/docs from the debtors yet????
any word on discovery requests? turnover of docs? how the EC has yet to receive much info/docs from the debtors yet????
really can't see how the judge approves the Disclosure Statement or POR.. no tangible list of assets.. no thorough tabulation of #'s etc etc.. i mean wmi before the seizure even in its 'dire' and 'under-capitalized' state had tons of assets.. where ARE THOSE ASSETS?? its so stupid how 'simple' this case really could be.. but its was meant to be convoluted by the powers at hand from day one to try to cover it all up, so it could have never been simple to begin with anyways
lol im getting confused..
who's friend or foe right now?
wmi noteholders issuing depositions?
trust preferred objecting DS?
fdic objecting / yet to sign off on DS / POR?
lol susman knows the stakes. for gods sake.. he's just being officially 'hired' tomorrow lol. i'm sure he wants a longer show to make some $ before the case ends.. and for him to make $ he needs to help us get our $ back.
yep
imagine if the EC just decides to pull some #'s outta its ars.. and shows billions upon billions in assets in a competing POR (at least A>L).. then there'll be a big show down as to who's POR is right or most 'accurate'.. at which point im sure we'll be digging up some ugly facts to throw out on to the courtroom exposing weil & jpm's fraud and collusion.
has the fdic agreed to the revised POR?
i think not.
lol.. list of assets?
better yet.. what did JPM buy?
nothing nothing.
rosen is toast.
OLD STUFF
bump! i recall something like that too.
we still haven't see a LIST of the all the numbers and $ figures are yet.
and how could anyone ever justify jpm receiving refunds with value that exceeds what they paid for WMB??
from the reuters release..
is this a joke? (for the so-called sham POS POR version 2):
"JPMorgan will also receive a larger portion of the tax refunds, up to $2.4 billion from a previous estimate of $2.1 billion, according to court documents. The FDIC would receive as little as $800 million, down from $1.67 billion under a previous plan."
how the heck is JPIG entitled to more $$$? how does a TARP recipient even qualify for tax refunds??
obviously these news outlets don't do any more research past what they're "paid to say"
is this a joke?
from the reuters release for non-existent WTF POS POR 2:
"JPMorgan will also receive a larger portion of the tax refunds, up to $2.4 billion from a previous estimate of $2.1 billion, according to court documents. The FDIC would receive as little as $800 million, down from $1.67 billion under a previous plan."
does our good man mcmahon .. the US Trustee have any powers or influence greater than Judge Walrath in case she does turn out to be a dud?
wouldn't getting the 4 bil back plus ALL the refunds alone put A>L???
i mean that can't be thaaat haard to prove can it?
we all know who owns the 4 bil.. and we all know who SHOULD get the tax refunds.. definitely not 70% of the NOL's to JPM!!??
he probably could of. but rosen/weil was probably offered a boatload of cash to sell his soul. i.e. something like 100 million 'present' from Jamie Dimon himself plus guaranteed business for Weil for 1 generation. lol.
i agree
didn't the bondholders ask for a trustee or something too? (in lieu of chapter 7)
i dont know if we can remove walrath but man someone needs to light a fire under her ars.
there better be no stupid 'ASAP' from walrath next week. no more delays in favor of rosen. no more being nice. walrath has wasted her own time and everyone else's time (except for maybe weils time as they've been racking in big bucks). time for her to step up and do the right thing. i hate to say this.. lol..but time for her to grow some balls in this case too.
i don't think jpmc will say much if/until there's a settlement.. as they'd rather go make $ off wmi assets than get too involved in this fiasco. i'm sure they're feeding weil/rosen a boatload of cash under the table (at least enough for rosen to sell his soul) to delay and fight this off as long as they can.. but when that fails.. dimon will probably settle just before the cops issue warrants and come to his house. if you think of it.. dimon is cunning.. what? 20 months of revenue off wmi assets .. making something like 2 billion a month.. worst comes to worst.. he's forced to pay for the rest of the assets he 'underpaid' for with the profit he's been making off our stolen assets.
yep. they should bring this up in open court and ask Walrath. NOW WHAT?
as no way in h*ll should rosen still be allowed on this case come June.
one trivial example.. as stated in the EC objection.. no reasoning as to why we give 70% of our tax refunds to JPMC. what has JPM done to deserve free money??
a question like that directed to Rosen should sink his ship.
we find out if the judge has been compromised by the end of the month. period.
wow it is a BIG one.
is there even a disclosure statement? has one been put out?
is this the thing that all the assets and numbers are suppose to be on?
we will see what walrath is made of before the end of the month i think.. it's time for her to take control of her courtroom and serve out the justice that we rightfully deserve.
if walrath really cared about us.. she should start asking shareholders to take to the stand now.
rosen's a pr*ck .. how do shareholders 'respond' if we don't even know what the details of his POS POR are?.. other than the fact he's trying VERY hard to make sure we get no recovery.
6 fig hit eh.. ouch.. it's all good.. i believe still that we'll see some recovery in the end..
why do we still need a date to approve the meeting? or is this for approval of the meeting in washington?.. man how hard can it be.. voting is a right of shareholders for any public company.