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sorry but i am trying to understand....cit preferreds are going to convert future dividend in exchange for common stock? or are they in talks to convert all preferreds to common? and if this is true will dilution happen and which is the best play cit-a cit-c or just waiting for the upturn on cit after dilution? thanks for all your help especially wampq too! i really value your opinion.
looks like cit is doing all possible to protect stakeholders with the limitation of accumulation. we are going to be rich!! gov't get out of the way...gravy train coming thru!!!! go cit!!!!
thank you!!! it worked. can you tell me where i can look to find the dividend payout for the preferreds in cit? i know they suspended for now but i would still like to invest for the future.
i tried everything you and maryatano told me to. does anyone have scottrade?
on the preferreds i put cit-a and the symbol is not recognized. am i doing something wrong? does it need a space between the - and a or needs to be capitalized. i cant get the symbol to recognize on scottrade.
why have the shorts increased by 18%? i thought they had 62% participation of bondholders and were not filing bk. are the shorters stupid?
what is the ticker symbol for the preferreds and which has the best return? thanks
ameriprise fin and riversource inv. both bought 11.41% and both are related to BARCLAYS!!! IS A BUYOUT COMING? institutions are buying!!!
i think they will setup to do the same shameful stuff they did before. let this thing run and then down it back to the stone age around 13.00 or so and do it all over again. shady to say the least.
when aig did their reverse split when it was in the dollar range it only went to 23.00 with a 1/100/. so we are below this at 22.00. i think they are manipulating big time and taking advantage of people that havent followed this. gullable people see 8.00 gain and end up losing half 2 days later. i would stay away. this thing is toxic imo.
this will not be allowed to explode in my opinion...thus the vice grip mm's have. this thing will be halted and paid imo. you will never see a run-up. that is why they took this company down to begin with. gov;t needing the tarp and they made wamu the scapegoat to get it didnt they? and they also have a controlled payout of this stock. they knew the 1.9 bil was bogus!!! but they didnt want gs or wfc bidding it up. they wanted to eliminate the competition not only in wamu but also all the bidders that could have killed them. they needed wamu obviously to prop up their stock and the bigger fund they house....social security!!
the post was today on the jpm yahoo finance page.
i am just telling you what they are saying that is all!!! what is your problem. just like with the chase/wamu card you all bashed me on. that is true. they are segregating the orig wamu accounts. we are getting this credit card back that was orig seized as part of the bank. you will see!!!
on the jpm yahoo board they are reporting it is true...settlement is done. @13.00/shr with 2shares of jpm for every 1 share of wamu...citing triple damages for fraud!!! and they are saying wed...today?
do you think there is a buyout on the table? why would they be holding this down except to help the shorts cover?
in the bear stearns stock swap they converted the bear stearns preferred stock to cumulative preferred shares of jpm stock, still at a very similar dividend , but at a ratio of 1/4 share interest of jpm .
apples for apples only! why should we? $77.50/shr dividend is not too shabby. and the preferred jpm shares that are being set up have the hmmm...same dividend!!! $77.50. we wouldnt want to piss off the institutional holders of wampq anymore. this is going to be fluid exchange of money and or shares, and as quietly as they can do it. SHOW ME THE MONEYYYYYYYYY!!!!!!!!!!!!
i dont think weil would allow that to happen to stock holders. he would never agree to it imo.
its on the sec website for the insertion of the comma in the name. it posted yesterday.
if they didnt plan an exit of bk they wouldnt have a reason to file for an employee stock purchase plan would they? i feel they are taking care of their employees first. but we are next!!
wamuq board posted that sec listing update 8-3-09 11k....washington mutual inc. to washington mutual, inc. they only changed with a comma in between. looks like they are setting up to come out bk imo. it was submitted july 1st but is just getting posted.
thats what i'm saying about my credit card. i could not sign in. obviously they had dropped all sign in info and i had to redo my signin stuff. when i did it did not let me designate my username. it gave me my email address + wmc+ my initial enroll date. that is why i am saying that i believe they are segregating credit card info for washington mutual...thus the wmc in the username.
i went online to pay my wamu/chase card. chase made me sign up again and when i put in my username it didnt take it. it gave me my orig username + wmc and the orig date of acct as a username. it seems they have segregated the wamu members. wondering if they are being made to return wamu cc back to wmi holding co?
could you expect anything less? is that not what they did with our deposit of 4.4bil!!!
sheila bair sat on cit application for help hoping cit failed so she could sell it for pennies to her beloved jaime dimon at jpm when in bk. now that pimco has given 3 bil to bridge expenses for cit....the feds now want to get involved because they then can get some "hooks" into cit. cit needs to beware!!! they need to capitalize outside of taking govt money. the feds could sabotage them for treasury capitalization like they did with wamu.
shortsqueeze says 5.5 days and 50,275,900 short!!
spin it baby spin it good!!!! make dimon hurl benjamins!!!
i want to be one of the charter members of the "Millionaire's Dimon Haters Club!!!!! GO WAMU!!!!!!!!!!!!!!!!!!!!!
i wonder if jpm is going to put their money where their mouth is? they wanted to buy them out of bk so they had no payout for shareholders. but since pimco came to the aid of cit, will jpm buy them before the share price goes higher? just so GS doesnt get them. jpm needs cit to expand. this should skyrocket this week!!!! look out above!!!!
CIT out of the clinches of jpm!! pimco to the rescue...no bk for CIT. lets see if jpm puts their money where their mouth is. maybe they buy CIT before the share price gets out of hand for their expansion.
the SEIU also owns alot of common in their mutual funds. SEIU is the california teachers union that supports Obama. and also the union that is bankrupting california with their non negotiatable contracts! they will get paid also!!!!
this is all a great sign for wamu. it shows that they were definitely worth infinitely more than fdic or jpm disclosed. how could jpm be in the shape they are without wamu? answer...they would be in bk and wamu would be the top dog. total heist but we'll see victory!! dimon is gaffing more than biden right now. let him keep shooting his mouth off. all the better for recovery. he pretty much told the judge what she needed to rule. he said he could have had them for a dollar cause there was no other bidders? lie,lie,lie. from what i have read they had at least 4 and fdic failed to disclose a timeline for bidding..on purpose for gifting to jpig!!! we will see $$$$$$$$$$ soon!
on the CIT board they are reporting from deologic that jpm is now world leader in equity and debt capital markets. they are hoping to scoop them in bk but i think gs has different plans. anxious to see who scoops who. i think jpm will be bitch slapped by gs. CIT is the largest entity since wamu to "fail." fdic not getting involved to bailout. i think gs will give a loan to prop up just to keep it out of jpm hands.
cramer slammin wamu and praising buddy JD. obviously losing money in his beloved charitable trust and jpm!
jaime's got to lie, lie, lie or his stock will die, die, die. that grandstanding was a big smokescreen and a royal fit throwing by grand master a-hole. seems he's cornered and he will not win and he knows it. he needs to take his toys and go home. what a dumb ass. weil and walrath will circle the wagons now for the takedown and vindication for wamu!!! jaime's pissed and he is stewing bad. sorry jaime you cant substantiate paying 1.9 bil for a bank and assets owned by holding company to include providian, and the holding company has a sucker play ready for the bastards....SUPRISE!!!! you dumb asses you cant play us we were ready. 4.4 bil in deposits as liquid cash unknown to them until we disclose it in bk filing!!! thus the shrivener's error because they did have full disclosure of what they bought previous but speedly changed the 3.1a to cover their asses. what dummys are running this country!!! there is always a better mousetrap!!! careful you just may get caught!!! ha!! ha!! MILLIONAIRES WILL BE MADE.. WATCH!!!!!!!!
congress was in on it!!! fdic has no authority to do what it did with wamu. they had to have o.k. from president or congress to take them down. thats why citi didnt get taken down because of the mess that happened with wamu. wmi holding snookered them with their own deposit of 4.4bil. cant substantiate 1.9 billion for a bank deemed a "systemic risk" when the deposit in the bank is more than they paid! OOPS they got played!!!! GO WAMU!!!! thats the way wmi can GUARANTEE they get paid fair market value and not a trumped up price that govt agency fdic sees fit to pay to save their asses. pretty smart in my book!!!
i think it will be a silent payout. they dont want to disturb the share price. jaime shot his mouth off just like he said he was selling the skyscaper in seattle some time back. he does not have title to the skyscaper and cannot sell anything he does not have title to. it is all a front. if he doesnt keep this up and deny, deny, deny, his stock goes bye, bye, bye. you know he is seething at the fact that he should have had what goldman got and would have been at GS levels of 150/shr. but because the heads of wamu and their lawyers put a deposit in their own bank of 4.4 billion that they did not know about pretty much "caught the fdic and jpm hands in the preverbial "cookie jar". how can they pay 1.9 billion for a bank that has 4.4 billion in their own deposits in their own bank, and substantiate it! they cant!!! they were PLAYED. wamu has seen and done everything and you cant play a player!!! they knew something was up and they "insured" that they would get what was rightfully due them. FAIR MARKET VALUE not a drummed up sale price deemed by the fdic and all those crooks. Unbelievable that wamu has to sue fdic because they paid money to fdic insurance fund to protect them from what the fdic actually did. could you imagine paying money to insure your home then the insurance company deems your house is not worth insuring and taking it and selling it at bargain basement price so they dont have to pay you for your complete loss because they deem you a "systemic risk " because they think your not gong to pay your mortgage or your house is not worth what they are insuring it for. to protect their losses? crooked huh? but isnt that what they are doing with homes now. they are not refinancing homes they deem are not valued at previous estimates. foreclosing and then renting the homes back to the foreclosed residents! they protect their asses and losses and still have revenue to cover payment and when the economy turns around sells the foreclosed property at a profit to benefit the mortgage or insurance co. crooked!!!!
because the reason the stock is down is because of the illegal seizure and "gift" of wamu bank and assets to jpm by fdic. a "gift" they have yet to pay for! big lawsuit settlement still to come. JPM is very shakey. they still have funds frozen in italy and france from the funneling of funds from madoffs ponzi scheme, they are pumping the stock with 2Q earnings but the stock is still down because of all the pending lawsuits. this lawsuit will be devestating and eye-opening too. why would jaime dimon go to seattle yesterday to shoot his mouth off if he is not feeling cornered? he said he could have paid $1 for wamu and won. what a joke!!! he also said he is going to win every lawsuit? wrong!!! he has lost all appeals so far with wamu. the only way he wins and his subpeona goes away is if he pays the piper. fork it over dimon!!! stock does not go up because the assets propping this stock up are illegally seized assets of a previously solvent bank deemed "systemic risk by fdic." wamu was in better shape than jpm at the time of seizure. paulson just admitted that the B of A/ Merrill was a strong arm and jpm/ wamu was a shotgun also. treasury bank jpm along with social security would have went belly up without capital assets of wamu to stabilize them. IMO
weil knock that block off dimon's shoulder!
TOTAL SMOKE SCREEN!!! JAIME DIMON DOES NOT HAVE TIME FOR COMMONERS....HE IS JUST TOO IMPORTANT. SOMETHINGS UP IMO.