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Uzual, now that is funny...terd as opposed to TURD!
Chiron, great post and ideas. After this is over many people are going to have WaMu tremors...LOL
Strike, I think by and large, you are spot on. When we get as close as we are to a major decison that can no longer be put off, it gets a little nerve racking. I knew there was billions in that bank when I purchased pre seizure by a couple of days and the chapter 11 only encouraged me to keep buying thoughout this ordeal, but my what a trip so far. I still feel positive about this, although it gets trying from time to time.
Strike, good morning and I hope all is well with you. I would love to go but it is not working out very well with my obligations lately. This should be a doozy as long as the Judge rules from the bench. What are your thoughts on my other post? Have a great day!
fsshn, what are your thoughts on the Judge unsealing the documents on 12/17? Does she rule from the bench, under advisement or other? Remember, Rosen has the filing in for the Judge to cancel WaMu Bank stock on 12/15 so he can exit chapter 11 on 12/24 and put is corrupt plan in place. He has it right in front of her to sign, provided she approves the POR. All of this timing is VERY troubling. I know by law she can not approve the POR, but then by law she was NOT suppose to turn down the first Examiner's request either. I am hoping the law means something to this Judge when she makes a decison on all of this corruption in deciding the POR.
The infamous Corporate Veil-Why not challenged?
I am wondering why we have not heard about the WaMu Bank Bondholders settlement that pierces the Corporate Veil? Now with everything that is so wrong with this POR, this money in of itself puts A>L which means the POR is dead twice. I say twice because taking this money away from the settlement destroys the POR and then A>L Equity should take ownership again. Does anybody know why this is not being hammered home? I would think a Bankruptcy Judge in Delaware would and should take this very serious since it is one ‘cornerstone’ to why one would incorporate in Delaware.
Catz, if you are still moderating on the Ghost board, could you have "spot1roth" restored as my wife follows and reads a lot but does not post? The user name has been deleted for clean up purposes. Tracie is now bummed (Ms. Cravitz ya know, LOL) and feels lost. Thank you and have a great day.
Rumble, thank you very much for your take on this as I find your take not only great and supportive but factual as well. After all of this corruption, it is hard for me to believe that justice will prevail even though I have a TREMENDOUS amount invested here for the right reasons.
Does ANYBODY know ic EC Chairman, Willingham was actually in court any of the last four court sessions?
fsshon, great post as always and I really appreciate (others do too) taking the time to write such an impressive post. I wish I felt as confident as you. I have always been troubled with the Judge's relationship with Rosen. A person in an egotistical position such as the Judge that allows someone like Rosen to totally abuse her for two years with abosolutely no recourse is totally astounding to me and not in a positive way.
The way the case has been out in front of everybody after a total coverup up for over two years almost makes me believe they already know the outcome and Rosen appeared to be to his cocky old self, which in the past when he acts like this always gets his ruling. I want so bad to be wrong for all of us but you know how it is when you get that feeling.
The other reason I am coming away with a bad feeling from yesterday's hearing is due to the Judge's actions in the last hour or two when she was nailing the releases and then Rosen modifying them, acting like once he does this the Judge will buy off on this mess. The Judge really zeroed in on these and asked Rosen many questions which tells me, why would she be concerned about modifying the release in the last hour unless she was seriously going to approve the travesty? I do not mean to be a 'downer' but I have to be realistic, due to the massive amount of corruption.
fsshon, I would like your honest thoughts on how the Judge will rule. We all know according to the law the case should not have a prayer on getting approved, but that may not mean much. I know you predicted with 100 percent precision that the Judge WOULD approve the D.S. and now I ask you what your thoughts are on the Judge now?
Uzual, I agree with you totally but I keep going back to this statement that I have made. The more I think about this case the more I find that is totally wrong with it, so how can ANY ethical Judge approve such a travesty to shareholders?
The Verdict?
After today, we all lknow that this POR should be turned down and people arrested, but will the law prevail is the 300 billion question?
A. POR NOT approved.
B. POR approved.
C. Other, such as a revised POR.
Timeline?
A. 24-48 hours.
B. two days to a week.
C. longer than two weeks
ANYBODY, ANYBODY, is Susman there in person?
This is on Good Morning America now about WikiLeaks.
No, Spot1roth has NOT sent as I have a work project and do not have time. I was hoping somebody would see and take the lead. I wish I would have worked on this much earlier as we are at ground zero with this judge and if common survives or not.
WIKILEAKS-A wordwide supression from JPM/US Government-Largest theft of a bank/corporation in wordwide history-Please cover.
Here is some information and links to get your attention for the worldwide crime of the century. A theft of one of the largest banks in the world and the media has a TOTAL WORLDWIDE suppression on ALL forms of communication and the media. There are many people/shareholders worldwide who would love nothing more than to see this in the media. I would like to call out a huge “thank you” to Ghost for the links and continued due diligence on this case.
http://www.squidoo.com/wamuq
http://www.ghostofwamu.com/documents/Examiner/4404/JPMCD_000001547.00001.pdf
http://www.ghostofwamu.com/documents/Examiner/4574/WMIPC_500002025.00001.PDF
http://www.ghostofwamu.com/documents/Examiner/4523/WMI_PC_701361032.00001.pdf
JHD, we not only have Susman who I think will submit a POR that will blow everything else out of the water, but TPS has to go first and a decision has to come on this before the Judge can stamp the POR. Do not count out competing POR's, after all there are billions here for the taking. All one has to do is bid twenty five cents per common share and watch the criminals go crazy. For a little over 400 hundred million, one COULD have billions...so tell me why this will NOT happen?
TPS-questions-decisions-thoughts.
There has been much discussion on TPS-Trust Preferred Securities and what it means. Did this event happen or not? I think this discussion of what happened is very easy to understand if one follows the events. On that fateful Thursday night in September of 2008 WaMu was seized and chapter 11 followed within forty eight hours triggering an event. By the time chapter 11 was filed, WaMu banks were long gone so the point of down streaming money just would not happen. It would be like down streaming money to a stranger and this just does NOT happen. No matter how you want to color this, the banks were LONG gone and I do not care if it was only a minute, the banks were gone. The decision on this is very easy to make if there is ANY “rule of law” involved, so now I have the following question (s) and hopefully this will entertain some honest and intelligent replies.
It seems the Judge could have been very smart in planning how December 01 will start when she mentioned TPS will lead off and the rest can follow their coat tails. If the decision on TPS is as easy as the events lead them for me to believe, then the Judge, IMHO, never makes a decision on the POR as in Rosen’s words, it evaporates. With the worst possible decision for WMI possible this tells me WMI would at least lose the liability, which puts A>L and then equity again owns WMI. The only way I can see is if TPS makes a decision behind a tree with the criminals and I think this has gone too far for that now or no decision is made at all. It seems to me a decision HAS to be made before a decision on the POR and how can WMI lose in this situation? It would seem this is a “win win” for WMI and this is the conundrum that the criminals have faced from day one, but finally have to address in one way or another.
Jmac, IMHO delaying into the next year would not matter because if there is that much potential, the NOLS can go to WMI and there is no need to start a new corporation other than to steal the rest of equity for these criminals. We have to show A>L first though and I think that is very easy. There is absolutely no reason to give away our cash, property and other holding other than promote mor theft for a handful of people who are ALREADY criminals.
gandal, very good response and I feel nothing will be shown as far as the assets go and nothing can really be discussed on 12/01-12/02. They have kept this corruption blacked out-worldwide for 25 months and nothing has seen the light of day so why would they start on 12/01? My guess something will make this go away before the juicy stuff starts coming out on 12/01 or it will all get delayed again.
Judge, TPS=Decision=POR Dead=A>L=Equity in Control?
I have been thinking, the Judge does not have to make a decision on the POR. Assuming TPS has not settled, once the Judge makes a decision on TPS, WMI either gains dollars or subtracts liability. So this changes the whole POR and has to (according to Rosen) VAPORIZE and should put equity in control.
After all, the Judge has wanted TPS to lead off for a reason and now it all makes sense. The Judge never has to get to a decision on the POR as it will “vaporize” on its own. No wonder the bashers have been hot and heavy lately and will continue.
uzual, I always like to go by one's actions and NOT by what they say and this inlcudedes ANYBODY. I find myself with more facts and I am usually correct when I follow this policy. An old man told me that many years ago and it took me a while but when I started putting it in to practice and totally discounting emotions, it really does work. So I have to agree that anything Rosen does NOT publisize is his demise.
Realtime, did Rosen really say that and if he did, when? With his ego, that is hard for me to believe as I have not heard anybody else talk about this statement from Rosen. Thank you.
1-3 hundred billion dollar question-gamble on prison time or settle?
We have discussed a tremendous amount of information based on facts over the last twenty months and I like to judge one's actions as opposed to what ANYONE says. We know what the criminals thought-in the remote chance we get caught we will pay with other people’s money. Now that they have been caught the 1-3 hundred billion dollar question is will, the criminals gamble on all of this information coming out after 25 months, gamble on a decision by the Judge (unless already known) or will they settle? Unless the decision is already known (God forbid) there is no way, IMHO, no way and no way, these criminals gamble with their own lives and take the chance of the Judge NOT approving the POR, thus possible prison time with no releases plus countless lawsuits with many more billions at stake.
I am putting this information up here for your thoughts, discussion and intelligent reasoning. Also, I will copy and paste one of my other posts with similar discussion.
Valuation in open court will NOT happen IMHO!
We have discussed for the last twenty five months how all of these crimes have been kept top secret around the world. Of all of the world’s sources for news, media, distribution channels, and many other reliable and expeditious ways to communicate, there is virtually nothing about the truth of this crime happening right in front of the entire world. Each step of the way from 09/26/2008 to present there has been nothing but corruption, collusion, threats and continued unanswered questions with ABSOLUTELY any penalties for lawyers who are in consistent contempt of court (Rosen and others) to let the truth come out. Keep in mind, every time there is something of extreme importance, it is sure to be redacted or hidden by other means. This whole supposedly “see through case” has been anything but-controlled through corrupt backroom dealings.
I have no doubts the end is VERY near, as I like to follow the actions and NOT what people in control say, hence Susmans very few words and controlled actions. From the Examiner’s report to Susan’s objections this past Friday, very little information-although what was put out there by Susan was very good and I love his strategy. I bring all of this up to get to a major point. How does one expect this to be tried starting December 01 in open court when ALL of the criminals actions of the past show TOTAL cover-up? From the VERY top in the US Government down to smaller important details, IMHO, this cannot and will not happen so what do I expect? Some of the details have also showed the end is very near or the Estate loses another five billion in various types of tax write-offs, hence Tricadia’s actions by 12/31/2010. I would expect this has to be over before the juicy details come out in court, whether this process actually starts on 12/01/2010 or 12/15/2010. Whatever the date on the juicy details data (valuation), this has to be over as the world’s financial community will be listening and ALL of the details of the crimes WILL come into view and I say this JUST WLL NOT HAPPEN and we are VERY golden!
Xoom, thank you and what are your thoughts on Tuesday's hearing when Tricadia's motion comes up? This should give us an excellent read of where the Judge's head is concerning equity-wheather in the money or not.
Valuation in open court will NOT happen IMHO!
We have discussed for the last twenty five months how all of these crimes have been kept top secret around the world. Of all of the world’s sources for news, media, distribution channels, and many other reliable and expeditious ways to communicate, there is virtually nothing about the truth of this crime happening right in front of the entire world. Each step of the way from 09/26/2008 to present there has been nothing but corruption, collusion, threats and continued unanswered questions with ABSOLUTELY no penalties for lawyers who are in consistent contempt of court (Rosen and others) to let the truth come out. Keep in mind, every time there is something of extreme importance, it is sure to be redacted or hidden by other means. This whole supposedly “see through case” has been anything but-controlled through corrupt backroom dealings.
I have no doubts the end is VERY near, as I like to follow the actions and NOT what people in control say, hence Susmans very few words and controlled actions. From the Examiner’s report to Susman’s objections this past Friday, very little information-although what was put out there by Susman was very good and I love his strategy. I bring all of this up to get to a major point. How does one expect this to be tried starting December 01 in open court when ALL of the criminals actions of the past show TOTAL cover-up? From the VERY top in the US Government down to smaller important details, IMHO, this cannot and will not happen so what do I expect? Some of the details have also showed the end is very near or the Estate loses another five billion in various types of tax write-offs, hence Tricadia’s actions by 12/31/2010. I would expect this has to be over before the juicy details come out in court, whether this process actually starts on 12/01/2010 or 12/15/2010. Whatever the date on the juicy details data (valuation), this has to be over as the world’s financial community will be listening and ALL of the details of the crimes WILL come into view and I say this JUST WLL NOT HAPPEN and we are VERY golden!
Hello Strike, always great to hear from you and I wish I could be there with you unless this is over soon. This weekend or during the BIG Holiday may be a good ending. Maybe something happens on Wednesday afternoon/evening???????
Biz, Sheila Bair did not make any mistakes as she was CAUGHT in a PREMDEDITATED confiscation of a major corporation working in tandem with Paulson/Dimon and others. Do NOT pass go and GO straight to PRISON!!! I do not mean to be nasty to your post but I get real mad when I hear people say Bair made a mistake as the ONLY mistake she made was getting CAUGHT!!!!!
What do we expect tomorrow? Sunshine or more fraud?
I would like to discuss some actions that have recently happened. We know that the lists of assets have never been shown to the court and neither has a list of what was transferred to JPM/FDIC. There has been ABSOLUTELY no clarity in this case that involves muti billions of dollars that Rosen keeps trying to hide. In the past I have discussed with some people how the Examiners report could never be shown to the public and this was many weeks before the report was released. Unfortunately, I was correct the report was released but NEVER disclosed any of the information this case thirsts for. I say the same thing about Susman’s report, especially since most people think (including me-I never trusted the Government employee-Hackburg) that Susman will NOT be bought and sold.
This brings me to my VERY troubling question (s) about how can Susman release his report (if not compromised) as it will contain most of the information that the criminals have spent twenty five months hiding- worldwide? Obviously, we know what happened to the Examiners’ report, but how do they hide Susman’s objections? Do they redact the majority, settle or delay the objection report? All of this secrecy is very troubling, thus the action (s) by Hoffman/Bopfan. Even if they manage to hide the objections or most of the report, how do they hide all of this information that the criminals have worked so hard to hide when the POR trial starts on December 01? Actions by Rosen are of a VERY desperate and trapped animal that is foaming at the mouth-ready to strike anybody or anything at anytime.
The timing tomorrow is VERY interesting as the voting has been extended twice and the timing is also of much interest. Why 5:00pm Pacific time, which is 8:00pm Eastern time and also coincides with the market closing (4:00pm Eastern time) and the release of Susman’s objections at 4:00pm Eastern time? To coin Bbanbob’s expression, things that make you go- HMMMMMMMMMMMMMMM!
Rosie’s Friday night filing!
This is very interesting and is a topic of much discussion. It is unfortunate the media has not written anything about this filing-hopefully by Monday morning on 11/15/2010. Many people think Rosie did not know or forgot about WMB’s worthless stock. He did not forget other than to constantly remind the media that the whole WaMu case is worthless to promote his illegal agenda of bankruptcy fraud for his criminal bosses such as Kostorus. Hopefully, he starts singing this week in order to save his license to be able to practice this fraud again. Those first to the table eat the best!
I think Rosie has had this planned all along to put this filing out there about WMB worthless stock and how it needs to be done in the same tax year as the confirmation of the chapter 11 case. If he would have put this out there earlier, he would have run the risk of ALL WaMu equities gaining much value, thus taking the public’s eye and perception away from the worthless stock entity of WMI.
If Rosie did not put this filing out there in a timely manner he would run another huge risk of a multibillion dollar malpractice claim against he and his firm. He thinks by putting this out there, it saves Weil, Gotcha and Mangle from bankruptcy fraud. IMHO, it does not save him from the fraud. If there is money from worthless WMB stock for a reorganized WaMu, then there is the same write-off for WMI before equity cancellation, thus making assets far larger than liabilities- making equity the owner of WMI. This ALL reeks of bankruptcy fraud and being practiced out in front of the Judge and all constituents. We will see how the market perceives this Friday night filing on Monday morning-especially the preferred stock issues.
Yanik, this still does not make sense what Rosen is doing. I "get it" as all Rosen is doing is trying to shield himself from bankruptcy fraud. IMHO, it still does not work, if these write-offs are available to the newly reorganized WaMu, then they are available NOW to the holding company and by ignoring this he is still committing bankruptcy fraud.
Watch the crooks run the price up to the .25 cent to .40 cent range and then drop it like a rock when the criminals announce the vote results around 11/16-11/18. Hell,I think I can almost bet on that happening, although the number may be off a tad.
Has the Media War finally started?
Has the media war FINALLY started? On November 02, the Wall Street online version writer, Dan Fitzpatrick wrote a very positive WaMu article and then on November 05, The Corporate Observer (note a Trial Lawyer’s perspective on Corporate Misconduct) a positive article on WaMu. Now, I find the timing of a total list of lies planted by the criminals in Sunday’s edition (11/07) of the Seattle Times interesting.
Folks, I am getting the impression the media war may have FINALLY started and if true would be exceptional news for equity. I also remember when Susman first hired on for equity and his firm was way behind he worked weekends and had filings on Sunday evening in the beginning. I find the Equity committee in a similar position, due to the Examiner’s Report. I would not be surprised to hear from Susman this evening or something pro for equity VERY soon in the media.
It will be very interesting to see the Judges tone on Tuesday towards equity, as there is discovery that SHOULD be awarded to the E.C and also to see the Judges perspective on TPS who was awarded (surprisingly) discovery to depose Kostorus on 11/16 along with others. I firmly believe we are about to enter a VERY positive stage for equity, although it could be a while before we actually hear from Susman. When we finally do hear from the EC as Susman’s history points out-he is feared and does NOT LOSE!
http://online.wsj.com/article/SB10001424...
http://www.thecorporateobserver.com/
http://seattletimes.nwsource.com/html/su...
Has anybody seen proof the shareholder claim has been postponed other than by that POS Peg Brickley who either Rosen or JPM probably spoon fed? I have not seen anything filing or other unless it comes out in the agenda today.
fsshon, I believe evidence of a competing bid that was NEVER shown that would prove billions of dollars at stake.
Losing exclusivity was a Godsend for Equity!
I remember when Rosen was trying to hurry this case through in order to keep from losing exclusivity, which would have been a slam dunk for him to get the POR approved, thus extinguishing equity. I have long felt WaMu has HUGE allie (s) somewhere in business or Government. Originally, the Debtors said they would be out of chapter 11 by the third quarter of 2009 and that was long before Equity knew Rosen was going to be a traitor. Then something very amazing happened which seemed to be out of the blue. After turning an Equity Committee down twice, the U.S. Trustee showed up around the third week of December of 2009, filing the infamous “exigent circumstances” which caught Rosen off guard and seemed in (IMHO) to irritate the Judge. Also prior to this happening, the bill that was getting ready to be voted on which was certain to pass had the five year NOL carry back attached (in the very last second) which would put equity in the money or at least very close. This was passed the first week of November, 2009. Now this brings Equity to the time when Rosen had everybody on board including the FDIC, about six weeks before exclusivity expiring. This would mean “no competing plans” could be entertained, thus killing competition and equities hopes for recompense. The FDIC backed out at least once if not twice and then agreed only after WMI lost exclusivity.
There have been many “unusual circumstances” letting Equity survive for me to accept happenstance, as they have been timed almost perfectly. I believe very strongly in Susman and our Examiner and feel they have been contacted by these very important person (s) who I feel keep helping Equity survive at the last moment. I feel our Judge was forced to pass the Disclosure Statement because this Judge has NEVER been in a hurry to make a judicial decision in this case, so for her to not at LEAST delay the DS until after the Examiner’s report is very telling in its own right. Once again, I judge people by their actions and NOT what they say. This also tells me we probably have a witness (maybe Reich) who will help guide Susman and the Examiner, all in just the nick of time for Equity. I have no doubts this Judge has plans to approve the POR, just as she hastily approved the DS, for absolutely no reason and I will use the Judge’s expression “what is the hurry”?
If there is not a settlement in the waning hours before the Examiner’s report is released, I feel the stock market will start revaluing all WaMu equities much higher. I feel the Examiner’s report even at its worst will HAVE to put equity “in the money” cancelling the POR out right and once again, JUST IN TIME. I have always counted on one element for Equity to win once WMI lost exclusivity and that being competition, something the Judge CAN NOT ignore. Do not forget how Sheila Bair tried to give Wachovia to Citi for a dollar or two until Wells Fargo showed up with a seven or eight dollar offer silencing her. Same great concept here called competition. Not to worry we are GOLDEN and VERY much look forward to Vegas!
Civil War, get serious or do not post numbers as the TRUE D.D. done here by not only myself over two years but by many others and they know that JPM owes the estate over eighty billion dollars just in "unjust enrichment" and I will not even go into all of the rest. That would be over forty dollars a common share for just the money they made off of the Estate with WMI's cash. You MAY throw in a LITTLE money for damages along with the rest.
William48, not to worry as Rosen has lied to this Judge and the court countless times without repurcussions. So by him sayig he is going to do this or that means absolutely nothing coming from him. Trust me, he knows if the report is positive or not. If it was bad news for equity he would have leaked it or had someone else leak it by now. I go by peoples actions and not what they say. Just look at what this Judge has said numerous times and never followed though and yes I think her and Rosen were hand picked for this case and also counseled ahead of time. This to me explains BOTH of their actions for the last two years. The report will be EXCELLENT for equity!!!