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These numbers were discussed right after the seizure, albeit specualtion due to the immense coverup. There were a few articles out discussing the "fail to deliver" and the potential naked shorting but then it went away very quickly because the majority of people were told and most thought including the cfriminals that the stock would be cancelled in bankruptcy as is what normally happens.
More thoughts based on actions!
With prison hanging over the perpetrator's heads, maybe we did get most of what they stole back. We will find out this week, but I will caution to say they are going to hide as much as they can in the NEWCO so the public does not find out. Think about this, the criminals made sure May 13th (Susman’s depos were due) did NOT happen, they made sure June 6th (Conf. Hearing) did not happen and I will bet you anything the valuation hearing will NOT take place and I will also say the Confirmation Hearing on June 29th will NOT happen either. If it does, they will just meet and sign all in the court that has already been agreed to.
You have to understand the criminals have spent almost three years making sure this travesty was blacked out worldwide in news print and other. So all of a sudden they are going to let the world know what happened with all of these multiple crimes. I do not see any way based on the criminals previous actions that this will happen. I would expect the 2-4 people who have the power to authorize multiple billions in settlement to authorize this at the very last minute to prevent leaks. There is no way the criminals are going to let third party lawsuits take place in the future to expose all of the crimes they worked so hard to cover up all the way to getting Congressional Members to lie for them-PSI Hearing. NO, way, no how and this is JUST ABOUT OVER in total!!!!
Jay, I suggest you do some Due Diligence on the Volkswagen short squeeze of 2008 to get prepared for what COULD happen very soon.
http://www.reuters.com/article/2008/10/28/us-volkswagen-idUSTRE49R3I920081028
BINGO!!!Thank you as somebody FINALLY GETS IT!!!
IDsuper, there is one major flaw in your summation. You are ASSUMING that Susman/Willingham would sell to JPM. If I had anything to say about this, they would be the VERY last entity that I would sell to. There are going to be many entities interested in WaMu and I say get control (happened), get out of this corrupt Delaware system (in process) and continue on to the point of staying in businesss yourself (I asm hoping) or put yourself up to the highest bidder. I would not even seriously consider JPM, because they are used to stealing what they want, not paying for it and then we could have some justice by selling to a JPM competitor.
Yes, unfortunately you are exactly correct. I just (basically impossible to happen) wish that this could break wide open cleansing the United States very corrupt system, so cleansing could take place with an abundance of sunshine. Every cycle when this corruption happens, it gets larger and larger to the point one of these days this country will not be worth living in. It is terrible when people get caught and they are able to continue larger crimes trying to buy people off so they can eventually get away with it. I do not care if we get $100.00 a share, the point being is the criminals will get away with it using innocent peoples money and each cycle it keeps getting larger, deeper and more devastating.
If for only one time in a hundred years we could see people like Paulson, Bair, Dimon, WMI Board of Directors, Weasel/Gotcha/Mangle, people who are complicit with Rosie to defraud such as the accountants and people as important for the overall system to work such as Judge Walrath...if only these people were all arrested for conspiring to committ treason, bankruptcy fraud, destruction of a viable corporation with 45,000 employees and committing financial terrorism on U.S soil. If only this could happen one time, it would send a message around the world for the next hundred years that the U.S. does not sponsor corruption to such a devasting effect that has happened to WaMu.
Rocket, the only information I have found is by Googling the short squeeze. I do not have anything other than that.
diamond, the problem is there is anywhere from 1-3 billion illegal shares out there. No matter how you cut it, IT DOES MATTER. There is no separation as to who owns which shares, there is no line and there are no stars on certain shares. They are illegal and the criminals NEVER planned on this happening. As little as two weeks ago, the criminals still thought they were going to win so why would they cover?
I do not think they would have covered and this is a HUGE ticking time BOMB ready to BLOW! Nobody has been able to explain and you cannot say JPM is just putting money from one pocket to another. I agree that could happen to an extent, but that does not keep the price from exploding for all of the other shares. The only way their problem goes away is if they could cancel equity period, thus all the criminal actions to get it cancelled and all of their other corrupt actions. I STRONGLY feel this would have settled two years ago if the illegal share were not a devastating problem!
A wonderful problem-Be careful –Do NOT use emotion to buy/sell –Preplan your scenarios!
We are about to enter into a chapter o the WaMu tragedy that 99.9 percent of the world population will never have experienced. I am referring to a “Short Squeeze” that COULD make the VW short squeeze of year 2008 look like a pebble at the bottom of a swimming pool. I suggest everyone involved here to look at and study the Volkswagen short squeeze of year 2008. There will be massive swings that will look like a roller coaster, especially in WAMUQ, unless JPM is able to buy WaMu lock, stock and barrel. Of course Susman and Willingham are already aware of this. I expect the short squeeze, if it happens in its entirety to last anywhere between three and eight trading days, taking WaMu equity prices (especially common) to prices that were never thought of heard of before. Once again, preplan and study Volkswagen and I mean do it this Holiday weekend because due to leaks it could start sooner rather than later. I would hate to see many here look like a “deer in headlights” and then do the exact wrong action.
If this short squeeze happens anything close to the Volkswagen action, most people here will do the exact wrong action because of emotions. The only way one could prepare and even be close to the correct actions are to have some knowledge of how this happens, what to expect, the massive volume and the tremendous price of equity fluctuations in both directions. I have a good idea (I think) of how high these prices could go, but I will refrain from discussing because most people will think I lost my mind. I suggest all concerned people here do some due diligence on what I have posted and then you come to a better understanding of what I am discussing. This was NOT suppose to be even a remote possibility of happening, but due to the criminals immense greed this is looking like is will start this coming week and I cannot emphasize how important I is for ALL to have an understanding of how exciting this COULD be. I am going to try and stay grounded when then information comes out, but understand one thing, the only way the criminals could have prevented a short squeeze in its entirety would have been to have Equity cancelled. We know the criminals have now lost and as long as the Equity is not cancelled, it appears this short squeeze will happen. Enjoy the week and take care.
http://en.wikipedia.org/wiki/Cornering_the_market
Now the holding company could buy TD Ameritrade. If they become a West coast comglomerate again, JPM would have to change their name to First United States Bank and make it known officially!!
Good afternoon fsshon and always good to hear from you. I am ready to open an EXTRA LARGE account in OUR new WaMu due to the fact of all of this EXTRA LARGE GREEN very, very soon and no it will not be Judge ASAP either!!!
Yeah, could be last chance before DOLLARS!!!
You are referring to what BR said abbout the new issue of stock once they cancelled the current stock in an older POS POR. The new issue was slammed down but was going to be issue for $25.00 once they emerged from chapter 11. obviously now oyr current stock will NOT be cancelled and we are waiting for the NEW EQUITY INCLUDED POR.
fsshon, another EXCELLENT post and I could not agree more. Thank GOD Susman had a deal before that Judge got her pen close to the revised POR.
WaMu Focus Stock on Fidility-Any news helps!
I know this is just a focus stock but because Fidelity put it out, it is HUGE. Any news for us is GREAT!!!
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=WAMUQ&product=FULLFEED&provider=PRIMZONE&storyid=201105250650PRIMZONEFULLFEED222886&hlinks=vnhl
No way will JPM/FDIC let this saga continue with suits against 3rd parties!
If you look at what Rosie was doing at the hearing you will find his main objective was to break the ice and let people know there is something including Equity that is coming. I will say here and now, there is no way that JPM/FDIC let a crime scene with multiple crimes and multiple players continue with third parties. This will dig up the old crime scene up again and there is no way this is going to happen. Just put yourself in the criminal’s position for a moment and assuming you had the power of one Shelia Bair; would you leave power with your crime scene exposed? No, I did not think so and neither is she or Dimon. Now that the ice is broken, there is room to come with the REAL settlement, hence why the EC did not even care what Rosie was doing or saying. They know the end game. All Rosie got to do was save face and put a positive spin on the Hedgies as part of their deal.
Once again you cannot believe anything Rosie says except what he did not say, including the date of his filing. With Bair leaving in July which was moved up from June due to this crime scene not totally covered and finished. There are about two to four people with enough power to order settlement and to make this go away, never to be heard from again. These two-four people could NOT tell ANYBODY (even Rosie) until the time was right and the time Ladies and Gentlemen is upon us. I do not think the “powers that be” will waste this upcoming Memorial Holiday weekend. When the Government wants to bury or keep the attention to a low they will use pre Holiday or on Friday evening before the weekend. If it is positive news, such as a much anticipated or positive merger would happen on a Monday morning or late Sunday evening. Keep in mind, timing of an announcement of this magnitude is as important to the Government criminals as the share price is to us.
Since Rosie said seven to nine days for the settlement to arrive which will take everybody’s focus off of this upcoming Holiday, I would expect if there is an impending announcement it could happen as early as tonight, possibly Thursday/Friday evening. Keep in mind I would think they would want to use a part of a trading day before the Holiday weekend as to hide the magnitude of this, so when Tuesday morning arrives it is dead, gone and not to be talked or discussed again. I would expect the FDIC to kick in multi billions, JPM to assume the preferred and many more details that I will not go into. If the settlement is not this weekend, maybe the next weekend but at any rate this is how this must end and that is “in total” and no loose ends. We are finally at the climax of the crime and no worries; we are all golden including the bondholders.
Yanik, you are so correct. I am just smiling and grinning. I feel very bad for those people who JUST DO NOT understand! This is going to be the single, largest financial play of all time if you take where the prices are toninght and fast foward 8-12 months. I have a very good idea, but due to many that appear to be depressed I will hold off. Within 5-9 business the wealth that I see is ALMOST unbelievable to even me.
Yanik, good to hear from you and I hope all is well. I am very happy you Byrddog and a few others get this. You are "spot on" correct. After having the evidence that would disbar Rosie, put him, the Hedgies and others in prison; if people on this board and elsewhere thinks Susman only got 160 million out of this... I will tell them loud and clear...YOU ARE VERY NAIVE and I feel sorry for them. Cherrish the day as WaMu Equity lives on!!!
Reinvigorated! WaMu Equity lives on!
Regardless of how this looks on the surface, Rosie has lost and lost miserably. I have followed this long enough and done enough due diligence on Susman’s history to know long before this that he was/is no Hotchcrook. I want to put this in the simplest terms I can and it goes like this. This is K-Mart all over again, but with EQUITY driving and think of it this way. You know what Rosie WAS trying to get for his Masters was that this little “spin off” company called WMMRC who was going to receive all these “goodies” that we know about and more?
Yes, you ALL know now and guess what that is still going to happen BUT Equity just changed places with the corrupt Horsies and now Equity is going to get what they were planning on plus much, much more when the details come out and I will say we will NEVER know everything but there will be plenty. Sleep tight Grasshoppers and the dawn has broken and we will be into the MEGA BILLIONS VERY SHORTLY!
byrddog, FINALLY someone get it and I want to applaud you and your "spot on" post. I could not agree more!!!!!!!!!!!!!!!!!
Do not be surprised to see a turnabout from Rosie!
Rosie is in a terrible position (wonderful) and I certainly hope NOBODY here comes down with Stockholm Syndrome. Keep in mind that I think it is obvious now that Susman has the goods on the Hedgies and the Hedgies are so inbred that they have the goods on Rosie, JPM and the FDIC. With that said, it could be that if Rosie does not comply with what Susman wants, we can destroy Weasel/Gotcha/ Mangle with bankruptcy fraud, non compliance with ethical duty, failure of fiduciary responsibility to the Estate, obvious conflicts (Judge-do you know what this means) of interest and so much more.
This is where it gets interesting. Rosie goes to JPM and tells them they have to settle and JPM, being their usual self tells Rosie where to go and they become involved in major rhubarb. JPM has the goods on the Hedgies, the Hedgies have the goods on JPM and Rosie, however Equity has the upper hand because we know the criminals are not going to jail for ANYBODY and losing their standing in society, losing their business and not to mention their wealth. Now Susman threatens Rosie and his firm and effective with the Hedgies now working with Equity, Rosie has cornered himself because I have no doubt since JPM “eats their own” they would destroy him in a heartbeat. This is the position I had hoped for. Now what does Rosie do? Does he continue to work with JPM, thus risked being destroyed by Susman or does Rosie go against JPM?
I have no doubts that Susman wants control of the Estate and Rosie will fight all the way to the jail cell to keep that from happening. Ladies and Gentlemen, the show has started and I hope you all have your seats with your seats belts securely fastened as we are about to see the Mother of all Estate battles if the criminals are that stupid to take us to that destination. Equity will not only be driving if this is not totally settled, we will be on to the mega billions that Susman has thirsted for so long. I know many of you will think I have lost my mind but I think it is entirely possible that Rosie by default has to turn back and work with Equity to avoid prison, loss of standing in society, loss of business and his professional license. What a GREAT beginning to my week and we are very fortunate to be in such a sweet spot. Good luck to ALL and TURN THOSE MACHINES BACK ON!!!
TPG still in love with banks in China!
http://www.reuters.com/article/2011/05/22/tpg-idUSN2212364220110522
Wamu, I am suprised they intially reported the truth and of course they were threatened to recant from their original article by the said criminals.
Control is what Susman's goal-After this-BIG money follows.
We can make this case very difficult or we can tone it down to where this makes the most sense. Like other have said, there is no need to have a Global Settlement to exit bankruptcy. All we need is a valid, functional reorganization plan, showing assets larger than liabilities. What we do know is we have several people by the “short hairs” and why we would not use this to break the Global Settlement is beyond me. I have no doubts this is what Susman is doing.
What I do know is people will do ANYTHING to avoid loss of standing in society, loss of wealth and of course prison. Susman leverages to include Weasel/Gotcha/Mangle on malpractice, bankruptcy fraud and much more. Just the implication of the forgoing would be enough to destroy the business of Rosie’s firm. The Hedgies have basically told or will tell everything that was happening by answering leading questions off the record and showing the evidence will implicate Rosie. He does not want to lose his firm, loss of license and more. With this said, the Global Settlement is dead and the criminals will either settle this in a true Global Settlement to Susman’s liking (my guess) and probably be announced around the long Memorial Day Holiday weekend or this will continue outside of bankruptcy.
Susman would give the Hedgies protection (to the amount possible) with the forgoing and then Equity will drive by exiting bankruptcy with the NOL's, all taxes, four billion cash and basically everything Rosie was giving the criminals in the current Global Settlement. We would then have a viable business, 100-300 billion worth of claims going forward and to help make this happen, Susman could actually give Rosie a pass on all of the potential future litigation that we have against Rosie’s firm. This would have to look very attractive to him going forward. One has to ask themselves this question, if you perpetrated multiple crimes and were caught, what would be foremost on your mind? This is easy to answer and that would be your immediate freedom, protection, self preservation, standing in society, loss of current/future wealth and more.
There is no reason to let this get bogged down and made more difficult. When we have the goods on people facing prison and they have the goods on the rest of the criminals, why in the hell would anyone settle for less than this is worth in total and/or give up 100-300 billion in future potential claims? This JUST does NOT make sense unless one is on the take. I have no reason to believe Susman is going for any less than what I have described. Total out of court settlement would be a minimum of sixty billion and Equity owns the new company in total or Equity exits chapter 11 and future 100-300 billion future claims from the criminals. So far the criminals have lost, when one realizes their original goal of having stolen this completely and exited bankruptcy in six to twelve months.
Mytex,I think this Judge will go to any level to protect the Government Criminals, as they all work together it seems. It will be up to Susman to get this out of the crooked Delaware environment and he is well on his way to making this happen. Honestly, the criminals never figured this was going to play out this way, hence Nate the Great or they probably would have settled long ago. Good for us they do not get a do over, so now I would expect this to totally close out or at least be announced a day or two bfore the Memorial (long) Holiday weekend and giving Susman most if not all he is wanting. Otherwise, this will continue to grow and overpower the criminals, leading to total devastation! They would be COMPLETE FOOLS to keep gambling their stolen fortune.
Hey Rosie, were coming!
How does 125 million in claw backs sound? That followed by a multi billion dollar lawsuit against Weasel/Gotcha & Mangle for malpractice. Get your insurance companies ready and make sure you tell them they better settle now rather than later. Then I would suggest most lawyers who work for this corrupt firm ensure new employment now before it is too late. This firm MUST go down the same way as Arthur Anderson...sound familiar, Rosie?
Hey Rosie, this is just for starters so now I want you to have a wonderful weekend because the rest of your life is going to truly suck for what you have done to thousands of innocent people around the globe. Remember one thing, what you dish out is one thing but when it comes back...well let’s just say it will be very enjoying for the people you devastated with your corruption and greed.
Juju, go to Fidelity, one of the largest and hard to beat!!!
gofish, very impressive and thank you for sharing.
CXLT 8K Filing, this should continue to boost the price of this stock. CXLT signed a confidential agreement with one of the worlds largest hospital chains.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7616117
Jack, I agree and I said sometime ago that I did not know how the criminals could get past 5/13 (EC objection due date) because for almost three years the criminals worked so hard by manipulating the press, worldwide blackout, threats and who all knows what to keep the 'world' from finding out. So all of a sudden they are going to let Susman tell the world on 5/13 EVERYTHING that he will discuss in public on 6/6, thus exposing EVEYTHING they worked so hard to cover? This to me made absolutely no sense. This convoluted, corrupt and embarrassing set of multiple crimes is either TOTALLY over or Susman will take the lead from here, which also does not make sense as it would again expose the criminals to the world.
Mrch, the future of our whole country and future children are at stake. It is very sad we even have to discuss but I am betting on two actions carry the day for ALL equity. Number one is competition and I know there are savy business people chomping at the bit to get WMI and number two these criminals start eating their own. JPM is known for this so all it takes is the Hedgies to be thrown under the bus by FDIC/JPM and this will blow wide open making Watergate look like a pimple on an elephant's ass.
Mrchn, you are exactly correct. These filings are top notch but the problem we have is a bought and paid for JPM Judge. It will be up to Susman to use this crime of insider trading to get this GS POR dismantled and NOT let this Judge get her pen even close to Rosies current POR or she would more than likely sign it.
Looking for a filing this evening or by tomorrow evening!
So with what has NOT transpired since May 13, 2010, I would expect a filing this evening or by late tomorrow evening. One has to love the actions (no filing) by all of the main players which to me indicate something that I have been waiting on for a while. The filing I am referring to would be an 8K filing which would include one of a couple actions suggested below and you can draw your own conclusions. I do not think the players can go much into the new week without some sort of admission due to potential speculation from media and other interests driving equity prices much higher, thus attracting much unwanted attention. My guess would be that due to all of the crimes that have been committed by many of the players, Bair’s pre-announced (twice) retirement and loses control of her destiny (wide open to crimes), Jamie’s (twice) announced potential sudden departure, this case will be totally over VERY soon!
1. Global Settlement cancelled by one or all players.
2. A new GS POR submitted including ALL Equity.
3. A>L, thus Susman taking control of the Estate.
4. Other entities submission of interest with potential purchase contracts.
5. Total buy out, lock, stock & barrel by JPM.
William48, great post and you must have finally took some advice and looked up Susman's past history of success. I am very glad you see this case the way I have and continue to see the VERY positive end for all true longs in this travesty.
Great and thank you Catz. That MUST mean JPM/FDIC/Hedgies have all agreed to a new GS POR and it will be forthcoming. I have always said I like to judge by ones's actions!!!
Regarding what happened to the EC's objections and others. Read the following from Luv2shop.
luv2shop Share Thursday, May 12, 2011 3:33:08 PM
Re: None Post # of 289747
Regarding objections...
Shareholder objections have not been posted to KCC since Tuesday and I've been contacted as to why since other docs filed after Tuesday have been...
The clerk has been out so there will be a backlog in getting all of them posted. They're timestamped so there's nothing to worry about. The reason other docs are there is because they've been filed theough PACER.
The UST is aware of what is going on. At some point next week the shareholder objections, regardless of source, will start to show up.
I just wanted to let everyone know.
william48, you said...How coincidental is the occurence of FIVE non-filings?
I say maybe this is the new Global Settlement Agreement along with a new POR that truly finishes this mad case of corruption/deception/collusion and any other illegal terms you can come up with.
Exclusivity ended after twenty months from the initial chapter 11 filing around 9/26/2008. Go ahead an Google it and you will find the link.
Do not be surprised if it is a new GS POR. Remember, it would only take a one liner from one of the two criminals to void the current GS POR and they could do that at the same time. It could include the Hedgies as well.
My little friend woke up and said "it's time" and I said I think Jinsong knows what you mean.