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i have no expectations for these omnibuses anymore.. i can only recall maybe 2 or 3 hearings in the past 19 months that have been 'positive' for us.. the judge needs to make her stamp on this case IN COURT.. i hope this starts tomorrow.. just a hope..
i don't know either.. but either way.. its cashable lol. hell if jpm gave us 29 billion in stock.. i'm sure that would take us a long way.
"Colleagues say Susman can digest mountains of information with unbelievable speed."
nice! i hope he's up to date already
wait & see i agree.. but i highly doubt solomon's numbers could be bad for us.. consider the value in the adversary proceedings WMI had set against JPM before Rosen threw it all out with the POS POR.. there were billions there.. obviously, there must be numbers to back up those claims.. things like the visa shares, providian etc were already worth billions. i'm thinking the EC is holding solomon's valuation as a trump card.. when push comes to shove and all knuckles are bared in the courtroom.. we may see solomon's numbers as a finishing blow to those who defy us..
"timing has grown to maturity" .. good one. i sure hope maturity is reached soon
damn i wish the judge rule so we can start finding out what's REALLY going on.
who do u guys think will talk for the EC on Wed?
is it possible that Bienenstock is mainly focused on valuation & Solomon's numbers? even if so, i guess it's kind of weird they were left off the list on the EC filing tonight.
sure hope the judge makes some rulings this week.
THJMW better rule on that the shareholder meeting this week. no more ASAP blah.
so who do you all think is going to talk for the EC on Wednesday? sucks that bienenstock is gone. he sure sounded like a big time lawyer ready to hit a home run.
and dimon with the balls to say he could have bought for $1. f him too.
we should be like spartacus - rise against those who put us down
nothing matters. 1.9 billion for hard assets worth MUCH more. no way JPM can get around that. on a dollar for dollar argument.. they have no grounds.
i agree. it's all up to the judge right now. will she do the right thing? this starts next wed.
when is Walrath going to give us back our 4 billion? ASAP? i don't see it on the schedule for next week unless they add it on an official one coming out monday or something.
bear stearns shareholders filed a class action lawsuit to get jpm's offer bumped up to $10 from $2.. maybe we can do the same if all shiatz hits the fan in the future?
at least not until sometime in May i think..
meaning possibly no 3rd party EC endorsed valuation of WMI assets (so that we can object to the POR) and show what WMI was truly worth.
can you imagine bienenstock being given the chance to grill all these big wigs? it would be like a kid in a candy shop.
no more delays walrath!! give us our meeting next wednesday!!!
i take we won't be hearing from solomon any time this month...
nothing about the 4 bil SJ eh?
does the judge first need to approve of the delays on the 2019?
darn motions. i hope she just throws out those motions and start ruling.. give us the damn shareholders meeting and make good on her "ASAP" ruling..
was walrath duped by rosen this whole time (up to say maybe Dec 2009)?.. i mean the way this case has gone. you wonder what the ehll was achieved in late 2008 and most of 2009?.. rosen managed to fool the judge into thinking we're getting things done.. and then he tries to pull a fast one on her and everyone else.. maybe if she had thought about things earlier..and talked to the UST way way back.. a EC could have been appointed earlier last year.. i think one big problem with this case has been the inability of judge to force rosen and fdic/jpm to come out with all the assets 'bought' and 'sold'.. i mean who the hell cares bout who claims what if you can't figure out how much all of WMI was worth? total bs. its just been a huge show.. hopefully the EC will now set things straight
hopefully walrath approves a shareholder meeting ON The spot on wednesday. No more delays pls!
this is the best one i think:
7. Is it fair for the FDIC to seize and sell Wamu for $1.8 billion then keep the sales proceeds as administrative fees?
means they bought the bank for $0.
what b/s. if wamu was that bad why did demon buy it?? b/s.
this case is up to the EC and walrath now and the DOJ trustee.. they need to threaten jpm/fdic/wmi BOD with something that will make them squirm.
yep no one has still explained how 300 billion in assets goes 'missing'.
just wait, wait for the EC.. they will come to save us ..
nothing, nothing until bienenstock and the EC come out with their big guns.
what a side show this hearing is.
time for us to get back to the task at hand - start destroying those thieves in bk court
bair is finished as well.
i agree... they make more off our WAMU assets per quarter than they paid for the entire bank. this case is totally lopsided.. it's a matter of time before the big bag of beans is spilled.. at which point all our enemies can only pray that we don't suck all their money dry.
i wish the judge would just go over the POR in open court, asking Rosen one question at a time as to how he can justify the idea of giving JPM portions of our tax refund. simply said, rosen needs to get schooled NOW.
but jpm still managed to make 33 billion more than they did the year before they 'bought' wamu.
obviously greedy dimon was ok with taking wamu even with whatever poor loans they had out there.
i know we're trying to draw a lot of comparisons to Visteon.. looking at their share price.. it looks like they took a big permanent move up in pps in the last week of February.. does anyone know or can pinpoint any particular events that led to their rise? i'm just wondering what sort of news could effectively drive wamuq up.. that's NOT MM playing crazy games.
how would this cripple the economy? it would only cripple EVERYTHING if the beans on the truth get spilled.
jpm made 33 billion more in one year from WAMU, they could simply give us that 33 billion and maybe we'll consider calling it even.
haha i agree.. $1.. what b/s that is. this case should all be about valuation .. its a waste of time to go over who claim this, who claim that.
they should just issue a subpoena for jamie dimon to show up in court.. in court they ask him two questions: "How did JP Morgan Chase make 33 billion over a 1 year from the WAMU acquisition?" and "Jamie how much did you pay for WAMU?". done. enough of this b/s in court, go straight to the head of Medusa and cut it off.