Democracy starts with you, tag your it! ...Thom Hartman
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"pending payout from FDIC"...............what's that about? pg 3
CHECK THIS everybody!
Alvarez & Marsal just formed a WA state corp ON DEC 20, 2011 What have we here?????
named
ALVAREZ & MARSAL CAPITAL REAL ESTATE, LLC
http://www.sos.wa.gov/corps/search_detai... 3166578
There are no hidden assets cause they are all in plain view.
A & M just opened this busines in Washington state in the last month.
What the he77 is in this? Is this a way to backdoor assets to WMI?
Good Question CWG! How many of WMI's "others" are still up and running under the Chase symbol?
I wonder what we'd fin if I went through all the websites still paid and maintained by the WMI estate.
What new merger/acquisition possibilities are available to NEWCO if debtors choose the $23 billion plus WMB capital stock loss instead of the $6 billion NOL they are pumping/distracting everybody with?
I bet ya there is a plan to go this route, Rosen bait and switch.
Is it faster? Less merger partner restrictions? I wonder....hmmmmmmmmmmmm!
The key word is "generally".
It seems nothing has ever followed what the law generally is interpreted to be.
If there are forces working to cover up Bair's "mistake", and sweep this under the rug like I beleive, then they will make and bend the rules as they need to to get the job done.
Your mention of a backdoor deal as a possibility is very valid and one possible way.
What is interesting to me as an option, that nobody is talking about since the debtors pretend it isnt on the table, is the looming WMB $23 plus billion stock abandonement as another option available to NEWCO versus the $6 billion that the debtors are using to appear insolvent.
If Newco goes the stock abandonement route, than how many more billions is the NEWCO worth, and what kind of merger potentials now are available with a $23 billion plus capital loss versus a $6 billion NOL.
More smoke and mirrors by the debtors. The real story is coming soon once effective trading ends with the passing deadline for releases/NEWCO share conversion.
I am on the edge of my seat. AIMVHO
Regulators Target 'Systemically Important' Clearinghouses
http://online.wsj.com/article/SB10001424052970204740904577197502183323024.html?mod=WSJ_hp_LEFTWhatsNewsCollection
"BY JEFFREY SPARSHOTT AND VICTORIA MCGRANE
WASHINGTON—Regulators have notified some payment and clearing firms that they face a review to determine whether their failure could pose a risk to the economy.
The Financial Stability Oversight Council, comprising top financial regulators and created by the Dodd-Frank financial-overhaul law, last month sent letters to so-called financial-market utilities—the minutes didn't specify which or how many—saying they are being considered for designation as systemically important. The council disclosed it had sent the letters in minutes from its last meeting, released Wednesday.
..."
TIC TOC
I wonder though, why would these Wamu stocks trade if there is a possibility of brokers not letting you vote. There are people who are going to be buying worthless un-convertible shares right?
Seems a trading halt after the release deadline is the only logical solution. Not that things have been fair or reasonable here in Wamu world.
IMHO
Does anyone recall in the last denied POS POR, the EC objected to the debtors/Blackstone valuation of the NEWCO, because they were aware of a "significant" offer made to the debtors and that it far exceeded the debtors/professionals stated value?
I know I read it for a fact. Just would like to remind myself and reread it for its relevance to our emerging NEWCO this spring.
WORD! My sediments exactly.
Great finds JT.
Dont forget Rosen's newly released "Hiding the Sausage - for Dummies"
Yeah me too. My attention span is limited to P and U these days.
I still think JPM waiting in the wings would still make a nice tidy bow on the package they stole.
If they unofficially buy our releases by buying out the NEWCO, then dead men tell no tales.
The POR speaks of conversion of shares upon reemergence..............I wonder what if any effect this will have on any NSS if they exist.
P's and U's separately converted into new entity shares. P's get more new commons.
Interesting thread on conversion ratios per POR 7 http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=892411&mid=892411&tof=9&frt=1#892411
Well said and seconded FSSHN.
Took a deep breath last night when the POR came out, reminded myself why staying in BK in DE is a sure death for most equity, and re-focused on the next chapter of this story that I am sooooooooooooo ready to move onto.
Time to get the he$$ out of DE and get our money back in DC.
Anything is possible, but dragging out that fight reduces NOL's in 2012 i think, so the longer we fight it out, the less the newco is worth.
Maybe EC felt there is a better and faster return for shareholders on this route we are on. Rosen played hide the sausage with WMI's assets for so long and so well, there could be a lot behind the veil the EC got to peek at that will magically reappear over the next few months.
What kills me the most about this POR is the release for what appear to be puny compensation.
The litigation trust is for pre-petition actions. Post petition actions covered under the GSA still stand, per what I have read.
so I think we still can go after GS, Banco Santander, JPM pre BK actions, etc.
Of course Rosey, special K get the post BK parachute.
Wrong. It says SEC Reinstatement. The word reinstatement can only refer to going back to what was before, which is not the greys.
time for you to panic.
Diamond's DD dates are newer than yours. I'll settle for the latest edition.
Ready, set, go!
Bonderman is getting his reinsurance TPG subsidiary ready for a merger of equals. IMO. And yes TPG really has a reinsurance sub in their portfolio page on website.
What a coincidence that he got this in April of 2008? Oh yeah this was a preplanned and packaged bankruptcy for someone on the inside and in the know, like maybe on the Board of Directors. The final balance due to Bonderman for his horrible loss he has never fought to reclaim. What a POSSOB!
FSSHN,
WMMRC could be obtained for its NOLS through a 'Merger of Equals' as I understand it.
I just found a subsidiary of TPG that is in the reinsurance buisness. Coincidence?
Is this how TPG was going to get 'paid back' for their silence? The NEWCO through a merger of equals???????????????
FROM Y
It seems TPG owns a reinsurance business based in Bermuda. Can you say 'MERGER OF EQUALS' ??
ARIEL HOLDINGS is the Bermuda-based parent of reinsurance and insurance operating companies located in Bermuda, London and New York. It's subsidiary companies, Ariel Re, Atrium Underwriting plc and Valiant Insurance, provide a range of property-casualty reinsurance and insurance products to ceding companies and policyholders worldwide.
All of those great NOL's through a merger of equals had they killed equity?
http://www.tpg.com/portfolio
NYPD got that $4 million dollar bribe two weeks ago from JPM. now they have to do the devil's work!
FDIC requests your comment on:
FDIC Board Passes Notice of Proposed Rulemaking on Prohibitions and Restrictions on Proprietary Trading and Certain Interests In, and Relationships With, Hedge Funds and Private Equity Funds
http://www.fdic.gov/news/news/press/2011/pr11160.html
Let the floodgates open!
There is that great little chart listing $32 billion dollars that the EC displayed in the first POS POR confirmation attempt.
Bottom line if you actually own shares, is you either trust the EC OR YOU DON't. I do.
I found that doc and sent to wmish on one of my many quixotic qwests for the 3.1a....Aaaaaah.memories.....these slow days make a person wanna dig for the holy grail. GLTY.
This is one of the most compelling reasons around for the wipe-out all equity campaign. It makes sense. Time will tell.......
Voodoo, i think she is helping to chop the "impediments to confirmation" trees down one at a time so it doesnt become a multi year longer "litigation morass"
The SNH have fallen and narking on debtors, The debtors are next.
There is no need to work so hard to attack debtors and JPM/FDIC at once and spend years and $$$$$$, when all you have to do is push Rosen/debtor off a cliff and out of GSA.
Like IT was to the SNH's, the EC will find the 'rope' to hang the debtors on next. SNH's will cough up money, debtors will cough up control and remove themselves from the GSA, and guess who our lil buddy gonna be? All in far less time and far less waste of estate assets.
JPM/FDIC will be dying to settle with us in a new GSA with far less effort than years of litigation.
Then all ec needs to do is twist debtors nuts hard enough till they leave GSA and the triad falls apart. Coming soon -
Just take a sign with ghost of Wamu website or ihub Ibox .
G on Y made a nice template if you choose to exclude yourself. Doing nothing you grant releases on pre-bk shares you own
Template:
To whom it may concern,
I, TS Gibson, request exclusion from the Class in re Washington Mutual, Inc. Securities Litigation No. 2:08-md-1919 MJP, Lead Case No. Co8-387 MJP
I understand this will entitle me to no settlement as proposed in the above case but wish to retain my individual rights.
Furthermore, I request exclusion for the following shares of the included WMI Class Securities. Please note that these were held in multiple accounts during the proposed class periods but were all in my name.
Xxxx shares of common stock
Purchased on ____ at 4.43 per share
sold on _____ at .37 per share
etc etc (ALL MUST BE LISTED)
0 shares of Capital Trust Unit Preferred purchased during the class period
0 Series R Preferreds purchased during the class period
No Notes were purchased during this period.
Sincerely
TS Gibson
4748 GFY Lane
Houston, TX 37654
Contact number (444-867-5309)
Then mail to:
In re Washington Mutual, Inc. Securities Litigation, EXCLUSIONS,
c/o The Garden City Group, Inc.,
P.O. Box 91310, Seattle, WA 98111-9410
Here is the thread for more discusion:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=858848&mid=858848&tof=2&frt=1#858848
Awesome! I am going to hit Seattle's with a ghostofwamu website info.
Thanks for your work Tom, its been the only thing worth reading lately. C'Mon Lumb, enough already..........fight for your company.
Thanks, I'll keep buying more. Can you bring it down to .04 again so I can get double my money again.
Appreciate it.
Unbeleivable the hoops we go through to hire our gunslinger. JC!
The debtors, SNH, creditors committee hire a smorgasbord of lawyers and the POS Trustee never peeps.
Thanks David Shutvet again for not letting these tools get away with draining estate funds.
'They are accounted for' as in painting over a moldy spot in your bathroom. Still there, just beneath the surface, and will eventually reappear through the whitewash after a few months - or as soon as they kill equity.
The GSA is just an alibi/cover to get away with corporate level murder, burglery, larceny, receiving and fencing stolen goods, aiding and abetting, wire fraud, mail fraud, voting fraud, JPM's inside trading, etc. The GSA 'is' as Glidden's crap paint is satin white.
...Rosen wipes hands clean on rag after polishing terd and says "well that wraps that up" and tosses wet brush in garbage...
Thanks David for fighting over this. You are relentless!!!
Totally!
It seems that JPM, amongst all its other legal exposure, couldnt afford to let the cat out of the bag and have to pay for it.
They still need to wrap this up quietly where the FDIC and others can all pitch in for less. Hopefully they feel the heat and see the cat's head popping out of the sack soon and realize it's now the time. JmfW seems to be tightening the screws and they should take that as one of their last signals to settle quietly.
Sussman is swinging those cannons broadside at the debtors/AnM/WMI BOD now and the GSA will soon crack if it is to be used for more POS Rosen wraps. How fast depends on how soon it's known the impact of the waterfall on equity from the SNH's FJR, disallowance, etc. which could be upwards of $3 billion if mediation doesnt work out.
Do you know when the TBTF banks deadline to produce annual living wills to dictate their future unwinding if neccessary?
Sometimes, the way this case has dragged on, has left me the feeling that the bigger picture we cant see, is silently unfolding on some unknown entity/person's timetable.........and that unwinding these behemoth TBTF has always been known to be inevitable and that the living wills required in the banking reform act, was meant to be the final act.
I might consider it if they overcompensated us to take their TP paper, AND there was no restrictions on selling.
But wouldnt if be so like these turds, now that they've vaccuumed all the cash into their pockets, to settle for paper, and then declare BK the same week, after they bought up all the JPM bonds and senior debt.........wash and repeat. Laughing all the way to their Swiss bank accounts leaving us to battle for 20 years like the Dime LTW's.
JPM paper scares me, unless there is some guaranteeing factor involved.