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alright everybody, let's hope this is the week we see something big happen for wamuuuuu!
that's right - go time. its time to start getting things done in this case. the only thing that has gone favorable for us in the past 18 months is the formation of the EC. all the other stuff was under weil's old agenda.
assuming there's no settlement in the next few days.. i really really hope judge walrath doesn't disappoint us with some half ars maybe kinda sorta opinion not really a ruling just her thought kinda speech.. enough time has been 'wasted'.
i seriously doubt fdic/jpm were really naive enough to think that they'd be able to leave equity in the dust. weil probably knew equity was coming back when they were negotiating with fdic/jpm last fall/winter. but of course, they're good actors and liars.. and so until their hands were / have been forced by the good judge, the UST, and now the EC.. they would continue to try to deny us the recovery we so rightfully deserve. but hopefully it is really soon coming to a close, and the next week or even few days will be very telling.
weil can still use the old deal if they want as long as they manage to get jpig/fdic to tack on say.. another 40-50 billion? lol..
if thursdays come. the 4 bil will be dealt with i think. it's been delayed since like last June? it's been beaten to death so many times that judge W needs to seal the deal. but hopefully wed night comes first with a settlement offer on the table.
nice kick off to start the end of the week!
it appears the EC is been hard at work from mid-late january.. probably negotiations going on behind the scenes? 'waterfall'?.. maybe $$$ falling down to the massive pool of equity.
that's friggin hilarious.
dimon too cheap to find a proper dump site for his tires lol.
the city of atlanta should just go buy some wamu. they'll get more $ outta that from jpig soon than fighting dimon in court regarding some tires.
bump this up!
is this on the yahoo board as well?
jpig/fdic has no 'easy' way out other than settle.
as 'buying' 4 billion for 1.9 billion will never fly. even the most ignorant person can't deny that.
it boils down to this for jpig/fdic: settle or trial. jpig/fdic better smarten up and put out that first offer soon because if this goes to trial, there's no turning back and all the beans will be spilled.
i hope judge W will accelerate the pace of this case soon. either make some rulings that have big dollar amounts attached to them, or send this to a trial. it's time to wind things down. too many delays from all sides.
this comes down to jpig settle and everyone walks away. or we can go to trial and watch this be blown wide open such that dimon will be in black and white stripes for the rest of his life. win win for us wamuers.
judge walrath better come out swining on 3/4.. either that or the lawyers walk up to her stand and present a settlement offer. otherwise she needs to come down hard and fast.. time to stop wasting time.
judge walrath better come out swining on 3/4.. either that or the lawyers walk up to her stand and present a settlement offer. otherwise she needs to come down hard and fast.. time to stop wasting time.
all jpig needs to do is pull out 30-40 bil.. and we'll probably be satisfied enough such that everyone can go home 'happy'.
you mean merger & acquisition right?.. well i guess they need to acquire the rest of WMI before they lose their pants in a jury trial hah
i think judge W needs to get off her ars and make some rulings that have a $ value fixed to them. it's time for her to stop hoping the parties will settle and time for her to force a settlement.
a court hearing.
there's no way something is NOT up with the way weil keeps whining about the EC and saying there's nothing for equity.. all this means is that there IS something for equity and that Weil is trying all they can to hide it. what crooks. trying to bite off more than they can chew. if they don't smarten up, maybe the EC will be the dog biting them soon.
hopefully it will be a very 'green' spring.
other than officially admitting the EC lawyers to this case next Monday, does anyone think anything else will be discussed in court?
i've been out of it the past couple of days.. but anyone care to update me what happened today? as i saw this on the calendar:
March 26: WMI reorganization plan due: end of exclusive period (approved 2/9/10) (Del)
does this mean that the hard deadline for WMI to file a re-org plan is the end of next month? and that the judge confirmed / 'approved' that today?
those court dates that have been scheduled into june?.. they're only for the sake of scheduling right? meaning that we won't necessarily have to use them?
looks like the mm's used today's hearing as an 'excuse' to drop the prices of wamu equities and load up on the cheap. damn mm's.
amazing how all the pansies are dumping wamu right now over in FF.. i guess the mm's will play the same games when the market opens here.
i guess only time will tell..
how can they settle until these massive (yet left field) claims are still lingering? or will those get thrown out immediately once a settlement offer is presented?
the great part of all this.. if is that for some crazy reason judge W grants fdic their stay.. then fdic, if in fact they do take possession of the 4 bil, is gonna have a heck of a time later on explaining how $4bil can be bought with $1.9bil.. and as you mentioned.. jpm can't make any claim on the $4 bil.. and have no evidence that it should be theirs.
advisement again?.. i thought she's been doing that for the past 8 months or whatever.. i can recall 2 hearings where she's given the indication she may make a move at any time.. once last June.. and last October. really though.. i hope she does rule.. the $4 bil is undoubtely WMI's.. and even if jpm/fdic does appeal after a favorable SJ.. at least the whole BK process will be further along. only reason why i can't see her ruling is that talks / negotiations are still lingering in the background.
i wonder if shorts are going to start covering over the next few weeks.. as reality will hit them in the face soon.
do you guys think there's a good change judge W will rule over the bench on SJ for the $4 billion on Friday?
i think she wants to box this in and prevent an all out blood bath.. she probably knows a settlement is close and doesn't want this to blow out of proportion and crippling the country's faith in the financial system even further.
wamu is trading higher in frankfurt than it is in the states??.. damn mm's.
i wonder if mm & shorts are really gonna cover soon. or keep teetering on the edge and continue playing their games this coming week or two.
just wait until the US market opens.. then the lids will be off..and i hope the shorts burn and burn
haha i dont think we care about satisfying jpig.
and there's plenty of $ to go around.. i.e. we should start with the what? 30 billion dollars? that demonboy is handing to his employees.
i hope they get blown out of the water tomorrow.
can't believe rosen the tool tried to get dspencer's letter taken off the docket.. i guess they're scared of us. even one voice.