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Walrath wanted him to enhance her own agenda, which is NAILING these Horsies. She did not recommend him out of the clear blue sky. You can bet this Judge will unfortunately do exactly what Walrath wants him to do and I think to think otherwise is EXTREMELY naive and yes, unfortunately again!
Aurelius going down…Weasel/Gotcha/Mangle…YOU are next!
There is no doubt in my mind the reason Aurelius would file such great information basically admitting to insider trading is to WARN Rosie and Company that Aurelius is NOT going down alone. This is unbelievable they would file this kind of information spitting into the very face of the court that is already using them for example. If it was partial disgorgement, it just went to one hundred percent disgorgement. As most of you know, I have very little confidence in this court but I have always thought with so much money at stake that this case was far larger than Walrath and I still feel that way. Now I do have all the confidence in the world that Walrath will NAIL these Horsies as she is using them to further her own agenda without any doubt. It just happens to play into Equities benefit; otherwise Equity would have been fried already if this Judge did not have her own agenda with these Horsies to pursue. That is the only reason we are still here if the truth is known.
The ramifications of the insider trading are spiraling out of even Walrath’s control to the point the adverse action she will take against the Horsie’s are going to end up putting Equity in control, something that certainly is/was not planned. This will happen with Aurelius blowing this case up and I think they have more than warned the other CRIMINALS. Keep in mind; the ridiculous filings of Aurelius are not really intended for the court but to warn Rosie/JPM what to expect if they do not end the travesty without implicating them further. Their actions are so obviously glaring that even a grade school child would know something is drastically impaired. Aurelius actions from the forced depositions are so obvious that is has to mean nothing more than a final warning to Rosie/JPM because spitting in the very face of someone who is ALREADY using you for a negative example is not too smart unless you already know you have no other choice. This is getting really good. Hey Rosie, having a few nightmares lately and do not worry they are only getting a good start?
Bigbang, unfortunately the Mediator is another Government employee, just as Hackberg and Walrath. I am just a realist looking at both sides of the coin so do not take this as bashing. It is terrible and unfortunate facts that the court, Hackberg and the FDIC are protecting all of the Criminals in this case. While I expect some movement and positive development solely because the Horsies are facing prison, I unfortunately DO NOT expect a positive writing from the Mediator.
This due to the above along with if Walrath knows and wants this particular Judge, there MUST be motives to back her so called fair and reasonable or otherwise she will look like a fool by somebody who actually writes about the facts. Doing the same thing over and over and expecting different results is the definition of insanity-Albert Einstein. Just saying...
http://www.quotationspage.com/quote/26032.html
Horsie’s options are few-What road will they choose? They ARE the trigger!
I have talked about this from the time the Horsies were forced to go through the depositions and I still feel very strong they are not only the trigger for equity to see some relief, but I also feel they are the trigger to the destruction of the so called Global Settlement. There is no doubt this Judge IS using them for an example, if they do not volunteer their monies garnered through insider trading, the court will take it from them and they know it. So they can either just give it up in mediation, do nothing and it will be taken from them or try to strike some kind of deal. The multi billion (s) of dollars, their reputation, their way of life, their standing in society, licenses and more are ALL at stake.
Do they continue to align with the CRIMINALS like Rosie/JPM, go at it alone (equals’ suicide) or try to align with the people on the right side of the law such as Equity/TPS? There is no doubt in my mind this entire balance and the ultimate result of this travesty rely on what the Horsies choose or do not choose to do. I honestly cannot think of any other way for this mess to go. This is due to the Horsies facing prison and I assume they will not volunteer to go to prison for the other CRIMINALS, just as they are not going o volunteer to give up three point one billion dollars in ill gotten gains voluntarily. I feel this topic is EXACTLY on point with what is happening in this case and very worthy of more discussion.
Recent ANICO decision from the Appeals Court-Very interesting!
Here is this past summers Appeal's Court ANICO decision which overturned this opinion and let ANICO continue with their litigation against JPM. This is a fifteen page report and it is very interesting. Does anybody know when the next leg of ANICO is due, court date or other?
http://www.scribd.com/doc/59625038/ANICO-v-FDIC-AS-RECEIVER-FOR-WASHINGTON-MUTUAL-BANK
wamu, with the amount of due diligence done in this case and the facts we know for someone who thinks this Judge is Honorable after presiding over this travesty for this long and still no list/contract/ of what happened transpired, traded is called an illness that is totally curable and it is called Stockholm Syndrome. Read about this below.
http://en.wikipedia.org/wiki/Stockholm_syndrome
Gandal48, just face the very unfortunate facts as I have said for a LONG time. Walrath and Rosie work as a team and have since from day one. Have you EVER heard of any Judge in history that puts up with regular contempt of court, lying to the court and caught multiple times, zero court enforcement action, unethical counsel behavior to the point of the court aiding and abetting many crimes in this case? The exception to this is the Horsies because this court is using the Horsies to set an example for insider trading. She is deflecting the real crimes pre/post bankruptcy filing for the real Criminals. SCOTUS is probably upset with Delaware court due to the Kmart decision, hence the Stern decision to take power away from the Delaware bankruptcy court and others. Walrath is trying to fall back into respectable grace with SCOTUS so she is NAILING the Horsies.
Look at the facts, this court has enabled the Criminals by giving our ENTIRE Estate away, billions in claims, cash, IP, namesake and any future this company should/could have. I cannot understand anyone sticking up for someone who has a fiduciary responsibility to the US Constitution, to our future children, to the people who have given their lives and continue to do so for a Judge to give the middle finger to all of these and more to support a VERY corrupt agenda which does nothing but destroy and enhance criminal behavior. And what do we get, NOL's and MAYBE a reorganized company that resembles virtually nothing of what was stolen in this egregious rape and is nothing more than financial terrorism at the highest levels of this country. Now this should make some people think when they want to associate Honorable with this disgusting and corrupt behavior of a court system.
The “trigger” on settlement or where this goes is between Rosie’s firm & JPM!
Well October 15th is coming fast and furious and I am sure the top people at Weasel/Gotcha/Mangle are almost “frantic” trying to out what to do if JPM does not want to play. They want JPM’s future business but at the same time they have to have a business to make that work. In the meantime JPM and Rosie’s business relationship may be about ready to explode. Just think what Weasel/Gotcha/Mangle has to lose with over one thousand lawyers. Wow, this could nail many all at the same time and I would bet Rosie never, never is his most negative thoughts pictured himself in the position he now finds himself in.
Susman is probably resting very easy knowing the Horsie are about to destroy “ole” Rosie and his accomplices. I get this warm and fuzzy feeling regularly now knowing what kind of predicament Rosie finds him in now. Her are his choice as I see them. The one thing for sure is Susman is at the dinner table when he was not even considered and he is LICKING HIS CHOPS which means Equity IS IN THE MONEY!
A. Extends G.S. A. with no exclusions.
B. Extends G.S.A. with exclusions.
C. Rosie gets JPM to end this.
D. Rosie pulls G.S.A.
E. Rosie aligns with the EC again, thus forcing settlement.
F. Horsies, TPS, EC align to force Rosie to align with them or go down from force.
Yanik excellent summaries this evening. I do not see how Rosie can get past 1/15/2011. The Horsies are going to destroy this firm of Weasel/Gotcha/Mangle and it would seem to me Rosie has two choices (unless deal) besides going into total oblivion and that is move back to Equity and/or pull WMI out of the Global Settlement. It force JPM into a business decision, as it would be far cheaper for them with the G.S. versus the G.S. going gown in flames.
Weasel/Gotcha/Mangle’s legacy at stake! On horizon-Meet The New Enron by Rosie!
The Horsies will ruin this CRIMINAAL outfit before long. I will say Rosie either forces JPM to up the ante or this so called Global Settlement will NEVER be extended. Rosie has two choices if JPM does not want to play and that is work with Equity or pulls the Global Settlement- both totally devastating to this firm. We do not have to worry about JPM; they are the ones that have to worry about parting with billions.
Rosie will not continue to gamble their entire corrupt-business as they would like to play this game more. This will ALL come out in this so called mediation so look for Rosie to pull the EVACUATION handle if JPM does not want to play and I highly doubt that JPM can afford to lose the Global Settlement. It would seem to me the real fight will be between Rosie and JPM and would it be just fitting if they’re so called relationship went up in flames. My, the fire is getting hot and smoky. Well Rosie, we will see what you have before long and how are those dreams treating you?
Wamuvoodo, I hear what your are saying and I fully understand and I also agree that this is the simgle largest reason this case has not settled. This may ULTIMATELY work to Equities advantage. The CRIMINALS went for broke and ALMOST won or should I say the verdict is still out, but it does not look good for them even with a very crooked court!
mary, I think all Voodoo is trying to say is BECAUSE of a limited time span of a short squeeze the stock could hit $75.00. Even though it may be for a couple of hours a day or two, it would be an opportunity to sell before the equity crashed back down to whatever it is actually worth.
wamuvoodo, I hate to say this and I want to be wrong, but why would this Judge do ANYTHING to Rosie as I have said for a long time and have taken much flack about it from many posters, they are working this case together and their actions show. It has been three years and this so called Judge has done NOTHING to Rosie, so why may I ask that ANYONE would expect anything different from this court over three years into this multiple crime ridden saga?
Rosie's filing! Working with court alone?
We all know what the court told Rosie to do. Take mediation serious; cure what fails a confirmable plan with all parties and to get an agreement that can be confirmed to the court. Just as Walrath gave the middle finger to SCOTUS, so has Rosie given the middle finger to the bankruptcy court with his and the Horsies stubborn refusal to even remotely listen to the court. Unfortunately, this court has a very bad reputation of getting items on the record so it looks good and then moves ahead doing very little and yes, I know the plans have turned down twice, barely. To file what Rosie has filed is akin to being in contempt of court and he could care less, so obviously he knows something more that anybody else.
There is no way with what Susman has shown the Global Settlement should remain intact, to the contrary many of these people should be facing serious charges outside of the Horsies. I have seen these actions several times with this court (inaction-no follow through) but this time with Rosie’s filing we will see if he really has been working directly with this Judge independently behind the scenes. I hope and pray for our system this has not been the truth but we will know much more when Walrath responds to Rosie’s filing and her response should be very tart.
Monica, here is another post that I put up a day or so ago,
Here is what we know-Thus what is the ultimate play?
The problem with these chapter 11 cases is that WaMu was clearly solvent and the huge problem for the CRIMINALS was/is hiding all of the gold that has really been glimmering lately. The plan so far has failed miserably for the Rosie and his criminal accomplices. This is because in original thought process was for this mess to be over VERY quietly within eight to fifteen months and now we are over double that with Equity getting noticed at every corner. With that said, the court has kept Equity barely alive while making sure in both POR opinions released by the court that Equity is muted. Why, well I will not get into this totally other than to say IMHO, that SCOTUS was very upset with the Kmart decision many years ago. When SCOTUS had the opportunity through an opinion they seized upon it with the Stern decision to somewhat mute the bankruptcy court’s authority since abuse was/is totally rampant. The decision was very close with SCOTUS winning with Stern’s at 5-4 outcome but the law is suppose to be the law that Walrath is trying to circumvent even though most major decisions recently and all around support Stern/SCOTUS. There is no doubt, as I have said many times this court will bust the Horsies severely due to SCOTUS watching and trying to get Delaware returned to a more favorable light from Delaware’s past history, hence Kmart. It just so happens since this court has an agenda to bust the Horsies due to Kmart and it is somewhat in Equity’s favor and there is no way Thoma would have been acknowledged with his very weak (hearsay) evidence. So to think this court is doing Equity any favors is akin to being very naïve. These actions would prove to align with Equity always being TIMELY muted in these very careful decisions that appear to be in Equity’s favor.
Unfortunately, with the actions of this court, it is very clear that the only items this court MAY want to give Equity are the NOL’s (huge) and MAYBE the reorganized WMI and notice; I did NOT say NEWCO, because there is ABSOLUTELY no reason to have a new company period. We can work within WMI’s current base, if the right motives are at the heart of this. Where do we go from here? With the following bullet points, we should be VERY ripe for something HUGELY positive for Equity even though this court has almost kept Equity totally muted at the same time this court has kept us alive.IMHO, this has been well thought out and timely. At every turn where Equity should have really increased in value, at the same time there was a decision that has muted it.
? MOR totally wrong and not current with known assets.
? Assets larger than liabilities, even with known hidden assets-hampered by unjust claims (MARTA).
? NOLS’s-Due diligence says around ten to twelve billion with merger or large purchase.
? Third party claims worth billions which I believe will end up with Equity due to the court not being concerned as long as JPM/FDIC is protected.
? Everything that is the current Global Settlement in WMI’s with very little legitimate claims.
? Without any doubt insider trading – proven by Susman with further discovery already approved.
? Disgorgements up to 3-4 billion-Horsies pay the cost of increased litigation.
? Further Officer and Director Claims of anywhere from 100 to 300 million.
? There are still WMI’s year 2008 tax returns in question to the estate-I believe still hidden.
? There has to be multibillion in malpractice claims-more against Weasel/Gotcha/Mangle.
I still have no doubts the Horsies are on the verge of self imploding and will not be going down alone with more discoveries starting immediately if mediation fails. With that said, this is not mere mediation as much as this is or could be the Horsies finally chapter outside of being formally charged, judged and sentenced. The first people that the Horsies will go after are Rosie and accomplices due to them being the easiest. There will be and I am sure Susman already has many of the totally, self incriminating emails that will connect all of the CRIMINALS, both directly and indirectly. I would love to be behind those closed doors as this will be explosive, destructive, incriminating and WILL DRIVE some sort of results. Remember, this is it for the Horsies and they KNOW it.
If there are no positive results (this is what Susman does best) and due to what Susman has, there may not be anything positive because the Horsies are only limited in what they can offer, thus no where even remotely what the CRIMINALS stole. This is where Rosie maybe be forced to push the EJECTION button, taking WMI out of the Global Settlement which could also be the trigger for JPM. I believe we are going to know something between now and sixty days in terms of where Equity will ULTIMATELY live or die. I say we LIVE to see MUCH greener pastures, but CERTAINLY not for the Horsies!
Catz, all of your due diligence is appreciated by most people on the boards but most people "get" what was/is in the contracts. I think what most people's argument is what will really happen. Since virtually none of the rules are being followed or the real questions are NOT being asked by the court, when the court really does ask a few questions, it is just to get it on record with very little if any follow through when it involves anything positive for Equity.
All these people are really saying is since we are in bankruptcy and if the CRIMINALS come up with something that Equity will agree to, basically the rules mean zilch including preferred status. This Judge will approve anything if is involves Equity in an overall settlement. Just because preferred rules are not being followed does not mean she will not approve. Everybody is never going to agree to everything so the rules mean zilch when the so called "power players" come to an agreement and if that involves converting preferred to common, then that IS WHAT WILL HAPPEN period and end of statement.
Here is what we know-Thus, what is the ultimate play?
The problem with these chapter 11 cases is that WaMu was clearly solvent and the huge problem for the CRIMINALS was/is hiding all of the gold that has really been glimmering lately. The plan so far has failed miserably for the Rosie and his criminal accomplices because in original thought process was for this mess to be over VERY quietly within eight to fifteen months and now we are over double that with Equity getting noticed at every corner. With that said, the court has kept Equity barely alive while making sure in both POR opinions released by the court that Equity is muted. Why, well I will not get into this totally other than to say IMHO, that SCOTUS was very upset with the Kmart decision many years ago. When SCOTUS had the opportunity through an opinion they seized upon it with the Stern decision to somewhat mute the bankruptcy court’s authority since abuse was/is totally rampant. The decision was very close with SCOTUS winning with Stern’s at 5-4 outcome but the law is suppose to be the law that Walrath is trying to circumvent even though most major decisions recently and all around support Stern and SCOTUS. There is no doubt as I have said many times this court will bust the Horsies severely due to SCOTUS watching and trying to get Delaware returned to a more favorable light from Delaware’s past history, hence Kmart. It just so happens since this court has an agenda to bust the Horsies due to Kmart and it is somewhat in Equity’s favor and there is no way Thoma would have been acknowledged with his very weak (hearsay) evidence, so to think this court is doing Equity any favors is akin to being very naïve. These actions would prove to align with Equity always being TIMELY muted in these very careful decisions that appear to be in Equity’s favor.
Unfortunately, with the actions of this court, it is very clear that the only items this court MAY want to give Equity are the NOL’s (huge) and MAYBE the reorganized WMI and notice; I did NOT say NEWCO, because there is ABSOLUTELY no reason to have a new company period. We can work within WMI’s current base, if the right motives are at the heart of this. Where do we go from here? With the following bullet points, we should be VERY ripe for something HUGELY positive for Equity even though this court has almost kept Equity totally muted at the same time this court has kept us alive-obviously IMHO, this has been well thought out and timely. At every turn where Equity should have really increase in value, at the same time there was a decision that has muted it.
? MOR totally wrong and not current with known assets.
? Assets larger than liabilities, even with known hidden assets-hampered by unjust claims (MARTA).
? NOLS’s-Due diligence says around ten to twelve billion with merger or large purchase.
? Third party claims worth billions which I believe will end up with Equity due to the court not being concerned as long as JPM/FDIC is protected.
? Everything that is the current Global Settlement in WMI’s with very little legitimate claims.
? Without any doubt insider trading – proven by Susman with further discovery already approved.
? Disgorgements up to 3-4 billion-Horsies pay the cost of increased litigation.
? Further Officer and Director Claims of anywhere from 100 to 300 million.
? There are still WMI’s year 2008 tax returns in question to the estate-I believe still hidden.
? There has to be multibillion in malpractice claims-more against Weasel/Gotcha/Mangle.
I still have no doubts the Horsies are on the verge of self imploding and will not be going down alone with more discoveries starting immediately if mediation fails. With that said, this is not mere mediation as much as this is or could be the Horsies finally chapter outside of being formally charged, judged and sentenced. The first people that the Horsies will go after are Rosie and accomplices due to them being the easiest. There will be and I am sure Susman already has many of the totally, self incriminating emails that will connect all of the CRIMINALS, both directly and indirectly. I would love to be behind those closed doors as this will be explosive, destructive, incriminating and WILL DRIVE some sort of results. Remember, this is it for the Horsies and they KNOW it.
If there are no positive results (this is what Susman does best) and due to what Susman has, there may not be anything positive because the Horsies are only limited in what they can offer, thus no where even remotely what the CRIMINALS stole. This is where Rosie maybe be forced to push the EJECTION button, taking WMI out of the Global Settlement which could also be the trigger for JPM. I believe we are going to know something between now and sixty days in terms of where Equity will ULTIMATELY live or die. I say we LIVE to see MUCH greener pastures, but CERTAINLY not for the Horsies!
Monica, I am afraid several posters here are correct. The only way this Judge will change her opinion on the Criminal/JPM culprits, is she will have to be charged with aiding and abetting bankruptcy fraud. There have been many Judges taken down in this country over the years. I am sure she and JPM have used their influence to keep our appeal from coming up before there is an ultimate decision in this case. What other reason could there be for her wanting to make sure Susman cannot get out of her court (denial of expedited appeal by Susman) without some form of settlement? Also I said all along for this Judge to keep control she had to deny the POS POR 6+ and that is what she did. If she even REMOTELY thought about changing or denying the Global Settlement, she would have included it in her recent opinion. The Judge is busting the Horsies as I have said all along (another agenda for the court) and that helps divert attention from the real crimes.
The court has given away the Estates entire assets along with a 120 year old company’s namesake, IT, making SURE this company cannot be competition to JPM again (huge reason for JPM to do this) and claims worth multi billions. If ANYONE wants to call this Judge HONEST by aiding and abetting multiple crimes during this saga, well that is your right. Just because a bank robbery was highlighted two blocks away from a multiple murder scene does not make the murder scene OK because the company is in bankruptcy court and the bank robbery is getting all of the publicity...of course some hypothesizing here some, but hopefully you get the idea. Unless this blows open worldwide (good possibility) or the Horsies turn in some illegal/damaging evidence against Rosie and/or JPM (if no settlement = they will), the only thing this Estate will see are the NOLS, reorganized WMI and maybe some third party lawsuits that should be worth billions. Yes, IMHO the equities will continue and will not be cancelled, so that is the ULTIMATE win for us considering how corrupt this has been. The ONLY real conclusion I can come to at this point is to EXPEXT THE UNEXPECTED and when that happen AGAIN, that should be very good for equity!!!
The answer to this question is the answer to when this settles!
I think most people would agree that the answer to this question would have to answer or almost answer to when this travesty settles. That question is, do the CRIMINALS lose more with the loss of the Global Settlement or does it cost more to settle now. I think any rational risk taker even with a corrupt system in their favor would have to know they would lose many, many more billions if they’re so called Global Settlement explodes. This explosion could happen at any time. Just think of how a so called very successful and corrupt law firms like Weasel/Gotcha/Mangle would self implode once one of the CRIMINALS pulls out. Once some emails come from the jail bound Horsies that implicate everyone and Susman runs with some or many of these emails it will too late for our beloved Little Rosie as Mama Walrath will no longer be able to protect them. Without trying to make any predictions I would have to think there will without any doubt be an end to this multi crime ridden saga.
It would seem to me the least expensive for JPM would be during this so called mediation period. The river only gets much deeper, longer and wider to the point they will not even be able to see land. There is no way in this world that the Horsies are going to lose their money, their standing in society, their careers and go down alone. If they cannot see their way out (this is what Susman lives for) and IMHO, they do not have enough money now, the first and easiest to sell out is our one and only beloved Little Rosie and just imagine those emails are going to connect everybody and their Mother. Now, one has to love that! So, I would ask the question again, at what point in time does smart, financially astute, successful business people cut their gains to ensure they do not lose and settle this in order to bury all? If I sense this whole travesty is close to blowing open on a worldwide stage and I am even remotely correct, then there has to be others that feel the same way. I will go as far to say this, between now and the next sixty days there will be a “CASE ALTERING” filing and or decisions that will be extremely positive for Equity, but I am not necessarily calling for an overall ending or settlement in total!
jhd51, yes, a total merger by the Criminals assuming preferreds and a common stock swap of some ratio.
Monica, my thoughts are that JPM let this mess go on this long is either more than STUPID or I am MISSING something HUGE! The Judge has already said we get discovery on the Horsies and they are all connected at the hips. Can you imagine those emails? My guess is something happens in this so called mediation like the Judge threatening (off record) Rosie to make a deal or else. That could include us exiting chapter 11 with WMI and or total takeover by the CRIMINAL-JPM!
Mediation=Forced settlement=Exit chapter 11 early January 2012!
For all practical purposes the Judge ordered a settlement and has indirectly or maybe even directly informed Rosie that any settlement has to include Equity since THEY ARE at the table. Earlier in this case, Equity was gurgling and almost drowned and now Equity is swimming aggressively against the tide and now the Horsies are gurgling and the Judge is very close behind them and she knows it. Just about every major item she ruled on is wrong. She knows this and would no doubt be overturned on appeal, hence the only real reason IMHO that she denied this POS POR 6+ in order to KEEP control to effectuate a settlement. Now the Judge may play a little hard ball with ALL players and if they do not play aggressively and/or seriously she will cram them down one way or another. This Judge has the Supreme Court watching her every move since she gave them the finger and she KNOWS she has to get a settlement. IMHO, if she has to she will still sting her beloved Rosie and JPM before she destroys her own legacy, which she is very close to doing on her very own.
I am very interested in seeing what are very own mad man, Starke who has absolutely nothing to lose is about ready to file. This should be very good unless the Criminals have threatened him and his family directly or indirectly. It would seem to me the Horsies would now align with Equity to come up with a new POR that probably would not include releases for Rosie, exit bankruptcy and have the right to continue to go after the Criminals. The Judge would not prefer this but before she destroys her own legacy something similar WILL happen. Equity is in the BEST position and every week that goes by we are just getting stronger. The Horsies will learn to share as opposed to losing everything and going to the Big House anyway. This just makes sense and by the way one should do this sooner than later and oh my, how these phrases sound eerily familiar, but only now has a GREAT ring to them. Not to worry folks, I feel we are very close to having a plan in place and exit chapter 11 in early January, 2012 with the NOL’s at the MAXIMUM value!
When you see someone speeding is it you that cites the person for speeding or is it an authority who is entrusted to the law and takes an oath to uphold justice? Same here, the Judge is an Officer of the court who also takes an oath to uphold the laws and and integrity of the United State's constitution. For a Judge to allow these crimes of bankruptcy fraud and more is not only a tragedy to the ongoing case, it is a far larger travesty to the very people who have died and are passing defending the United States's Constitution that this corrupt, dispicable, unworthy Judge claims to uphold. She and the rest of these Criminals are not any different than terrorists because that is what they are...terrorists!
Despardo, you can believe what you want and turn a blind eye to anything you want as well. This is your privilege. WMI is one of the largest cases is history to file chapter 11. An Equity Committee is supposed to be automatic in a case this large. On top of that, the Criminals actually filed the truth when WMI filed chapter 11 showing assets of 32 billion and liabilities of 8 billion. The Judge ignored this because Rosie told her this was all the WaMu Bank stock that is worthless now. What could have Judge possible have thought? A company like WaMu that was over 110 years old had NO ASSETS? Of course she believed it and asked no questions.
This bankruptcy case has lasted three years with no words or questions of what was transferred, assets and nothing was ever questioned or asked. Do not sit there and say it is not a Federal Judge's responsibility to ask questions in a 300 billion dollar plus case. If she would have DEMANDED the asset list, the contract of what was transferred; this case would have been over in six months. I will not tell you what to think but if you want to protect a Federal Judge who is aiding and abetting the crime of bankruptcy fraud, God help the future of this country because this country and fellow Americans will certainly need it!
I hold eighty percent common and twenty percent WAMPQ's.
mypennys, this part is easy if there is no agreement during this so called mediation period, then due to the Judge's FJR ruling assets are far larger than liabilities and Equity should take over ownership and drive the bus. Now this goes VERY much against what this Judge wants, but at some point if the Criminals do not help themselves by settling then she will have no choice to make a ruling that Equity is in charge and the rest will be history. The next part that could take another year or two. However, once Equity drives, they submit a POR, then exit chapter 11 and continue the pursuit to a jury trial of which there would be a settlement by the time the jury could hear it.
jhd51, I hold no punches in this case of MASSIVE fraud and why should I? The Judge is/has/will protect all of the CRIMINALS to the extent she can and SHE HAS. Keep in mind in Delaware where ninety percent of all United States corporations are incorporated, the laws are for the Debtors. The compmany can reorganize cancelling old equity and issuing new equity kind of akin to losing money in Las Vegas and going to the Cashier to get refunded without costing you any out of pocket money. The Judge will protect this Delaware legacy to almost any degree which includes cancelling out old equity even when there is enough equity to keep old shares intact. Why would most people keep this old debt? The answer is the same as running your credit card up to the maximum and then dumping and gettting a new card without a balance. Who would not do this if they could?
Where companies keep their equity intact and not cancel shares usually involvolves companies where the original owners own much of the stock, such a family owned companies that went public for new money to expand. Ninety five percent of ALL companies who file chapter 11 in Delaware will cancel their shares and issue new shares. The problem with WMI was they were solvent when they entered chapter 11 and they even filed the proper form that showed somewhere around 32 billion in assets and 8 billion in liabilities, but of course the Judge ignoresd this. She and Rosie were shopped for this whole travesty and she is in on the crimes to the point she can be without being to obvious to 99.9 1/2 percent of the populations who does NOT have a clue about this multiple crime ridden saga that will not quit promoting crimes!
fsshon, you cannot not blame TPS for wanting something back that was stolen from them. There is absolutely no reason for them to take less than what the real Criminals stole but are being protected. I cannot wait for TPS's next filing because there are actions that people can do when it is obvious the Judge is aiding and abetting the crime of bankruptcy fraud. I hope the way Starke challenged this court, that whatever he may or may not do ends up blowing this MASSIVE corruption open WORLDWIDE!
Monica, this should be easy as Fidelity has an area when you sign into our account to bring up past purchases, sells, tax information and more. I am sure all brokerages have something similar, so you should be able to bring up and print.
I do not mean to sound negative, but what you are involved with is a classs action suit and you may receive a few pennies, but generally 95 percent of all monies recieved in these cases besides the 2-4 years of litigation fees are for the lawyers.
I know why the Judge wants mediation-This is very simple now!
I said in multiple posts before the Judge’s decision on POS POR 6+ was that she had to deny the plan in order to keep control to achieve an ultimate settlement. Think about this for a while. The Judge knows that mediation would not NORMALLY work, but she keeps control with a very distinct threat to Rosie and the other Criminals. This threat was in her opinion on 9/14/2011 that said the FJR rate will be enforced. Now if these Criminals do NOT make a settlement, then it is very obvious what the Judges implied threat is.
With the FJR Equity will own the company and there is NOTHING this Judge can do to protect the CRIMINALS or very little once Equity is in control. With many people saying mediation is stupid, on the surface it is so look a little deeper and see what the Judges opinion really means. In the mean time the Criminals leave the bogus claims intact to disguise assets being far larger than liabilities. We are GOLDEN folks but requires a little more time. I will go out on a limb and say mediation WILL BE successful and maybe not the total end but successful!
My little friend is awake, rearing to go and is in the process of heading to Germany to awake them for the news. Albeit, not the best but we are alive, kicking with Susman taking a more direct aim for billions MORE!
Court backed into corner-Only way out is multiple honorable decisions!
There is no question with the mountain of evidence against the Debtors, JPM/FDIC, Horsies, conflict of interest, failure of fiduciary responsibilities and much more, Equity could not ask or beg for a better hand. The more time that goes by the more this Judge looks not only like she was double crossed by the very people she chose to protect, she now is looking so bad that her entire career will go down in flames without many honorable decisions very soon. The position this court has put itself in now for Equity is better than one could ever expect because now the court will have to act defensively to protect whatever reputation that will be left. That means for the court to act defensively will be to Equity benefit and anything short of cleaning house will obviously show exactly where this court stands…on the side of the law or standing with the criminals. This case has gone on way to long and exposed so much fraud and corruption that there are no gray areas for the court to rest in.
I feel very good that the court has to rule in Equities favor, not so much because of the law that makes me feel great as it is the VERY DEFENSIVE position the court has put ITSELF in that I am feeling bubbly about. We as Equity have NEVER been in this position for the entire three years we have been here and it does feel GREAT! The one action that I still feel troubled about is why Rosie and his law firm would continue to expose their firm to an Enron style of ending if the laws were truly enforced. It would seem to me that Rosie would have pulled WMI out of the Global Settlement as opposed to letting one person decide its future…whether it exist or not. I am having trouble getting past that Rosie does not know something predetermined about the ending in this case, but I still have no doubts that Equity WILL see a valuable return whether it be $2.00 a common share or $75.00 a common share.
Catz, you said, "Parts will make us happy, parts will make us furious."
This is EXACTLY correct, unfortunately, but to the point the POS POR 6+ is denied, this inof itself is a HUGE victory!!!
TPS/EC's actions may force the court-To do right!
This is a partial repost and now I added to this and backed up with what I think will FORCE this Judge to do the right action. Due to this case being so fluid, I consistently look at both sides of the coin and analyze as this mess progresses to some form of an opinion soon.
I analyze both sides of the coin for board discussion, so for all of those naysayers you can save your “waffling” comments as most people would not care to read it. I have kept thinking about Walrath’s comment along with the recent Starke and Walrath debate over jurisdiction and other. The Judge’s quote has rung a bell with me finally but I could be off base. If not, this could be telling in a very positive way. I believe for all intensive purposes if the Judge were to sign this POS POR 6+, barring any immediate stay from a higher court, then WMI would be exiting chapter 11 in an extremely quick fashion with exception of final administrative purposes.
Now to my point, it would seem to me this Judge’s jurisdiction ends after WMI exits chapter 11 and almost “the world” gets released according to Rosie’s plan. With that said, the Judge’s opinion on insider trading may carry some weight but since this would be out of her jurisdiction, why would she be concerned with discovery. I would think she would ONLY be concerned with discovery and have jurisdiction IF she denied this plan, NOT if she approves this plan. If the Judges thought process was to issue full discovery on all four Horsies, then it would seem to me the only way this could/would happen is if she denies. If I am missing something here, with all due respect please inform the board.
The more I think about how fluid this case is and the more time that goes by the more evidence comes to light. This along with opinions decided in cases that are totally in Equities favor. There is no doubt in my mind this Judge has done everything in her power to protect JPM but as messy as this case is getting, it is becoming very obvious to many more people how really corrupt this whole case has been. I feel if nothing else forces this Judge to do the right action, the actions that TPS/Equity have possibly alluded to during court discussion will force the CORRECT hand from this Judge. I know this term was never threatened directly in court by TPS/Equity, but there is no mistaken in the mind of the Judge what WILL happen from TPS/Equity, should this Judge decide to approve this mess in any way. The following term (Writ of Prohibition) is the term that I think will save us and this Judge is most afraid of. Read this term in its entirety and think what this Judge would think if she dared approve.
http://en.wikipedia.org/wiki/Writ_of_prohibition
Russian, excellent, excellent write-up. I not only agree, I also have no doubts this Judge will uuse the Horsies as an example and I also believe will disgorge one hundred percent and if she does not one hundred percent, there is not a case that would warrant it then!
Clawman, no doubt you are correct she will be using these Horsies for an example. She has VERY clearly shown her hand on this issue, but more importantly I feel that her asking the question to Folse about investigating 2 or 4 Horsies is telling. If she were going to approve this mess, it would be out of her jurisdiction to approve discovery on 2 or 4 Horises. In other words, if she sighs the POR, they are out of chapter 11 period.
The Judge's quote,"do you want to go after two or four Horsies"?
I analyze both sides of the coin for board discussion, so for all of those naysayers you can save your “waffling” comments as most people would not care to read it. I have kept thinking about Walrath’s comment along with the recent Starke and Walrath debate over jurisdiction and other. The Judge’s quote has rung a bell with me finally but I could be off base. If not, this could be telling in a very positive way. I believe for all intensive purposes if the Judge were to sign this POS POR 6+, barring any immediate stay from a higher court, then WMI would be exiting chapter 11 in an extremely quick fashion with exception of final administrative purposes.
Now to my point, it would seem to me this Judge’s jurisdiction ends after WMI exits chapter 11 and almost “the world” gets released according to Rosie’s plan. With that said, the Judge’s opinion on insider trading may carry some weight but since this would be out of her jurisdiction, why would she be concerned with discovery. I would think she would ONLY be concerned with discovery and have jurisdiction IF she denied this plan, NOT if she approves this plan. If the Judges thought process was to issue full discovery on all four Horsies, then it would seem to me the only way this could/would happen is if she denies. If I am missing something here, with all due respect please inform the board.
gophilipgo, I discuss information that can an does change while looking at both sides (recent Starke-Walrath discussion) of the coin. If one is unable to do that without being emotional or because of the negativity, one should not be here.
Reiko, very good find and yes, this is what I was referring too and thank you as Lawrence147 had it wrong as he thought I was referring to Starke and I was not. You have it correct.