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Strike, looks like we are going to be well represented. I was going to join you and work plans did not pan out. This COULD be the best one yet, unless of course items are moved again. Any delay agreed to by the EC is nothing but a HUGE plus IMHO as the end could be very close. You guys are VERY fortunate and above all, take care and ENJOY!!!
FDIC/JPM/Rosen...JUST DO IT!!!
fsshon, great summary to the question posed. Enjoy the day and get ready for a super things and expect the unexpected. In this case, the unexpected will be FANTASTIC for the true WaMu longs. It is ALWAYS a pleasure to hear and read your insight...many thanks!!!
uzual, I would not put to much thought into the third party stuff due to the level of corruption. I feel the document could have come from another attorney who does not want to be forced to do illegal actions that would cause them their career. This document could have come from any number of sources and it was just labeled coming from the debtors. It actually may not have come from them at all.
The truth of the document is it is explosive, case altering and I think Weil/Rosen have a whole lot MORE to worry about than where this came from, as the damage has beeen ACCOMPLISHED! Not to mention Susman just gave them a taste of what IS going to come and they better end this SOON or face the WONDERFUL MUSIC of WaMu EQUITY!!!
Meeting on 7/12/2010.
I have been thinking about what happened since the hearing on 7/8/10 and many comments, thought and opinions. Susman is without any doubt IMHO in charge and will direct the meeting on Monday. I believe at least one of a couple of things could and will happen. I always like to look at ones actions to help see through this level of corruption.
Whatever it was that Susman revealed to the Judge, he made sure all important players were there so they could not say, I did not know or the dog ate it, thus cornering the Judge, JPM/FDIC and the rest. So now all players know that Susman has at least one “smoking gun” and I suspect more just as I suspect more than one “Deep Throat” as well.
The facts Susman will want Rosen to show on Monday that equity is in the money and if Rosen refuses, it will be the death of him. Rosen is truly cornered now, because if Rosen admits equity is in the money, he is immediately guilty of bankruptcy fraud, which could have him immediately arrested. Rosen could evade the fraud charge if his corrupt buddies would say here is another five billion or so to give commons a dollar and Rosen could show this money came from them to curtail litigation, but if the FDIC objects then he is toast. The problem with this is the one billion or so of the naked/short shares that are out there.
Since he will admit to nothing, the next thing that Susman could demand is Rosen immediately resign from the case throwing JPM/FDIC/BOD and others into an immediate quandary due to Susman demanding to be in charge of the Estate, thus expediting a true settlement. In my summation for Monday, a few items could/will happen and I would like to know what other WaMu true longs thoughts are.
1. Rosen agrees to equity “in the money”…would require others help.
2. Rosen agrees to resign from the case as Lead Counsel.
3. Rosen gives up most/all information, thus admitting I am guilty.
4. Settlement.
5. Delay-agree to meet quickly again before 7/20.
6. New real POR.
7. Agree to Examiner and Discovery.
8. Nothing tangible happens.
Steele, thank you...I love it
Mehedi,
The Susman team filed with the court last night a document which was under seal to protect the identity or other so the "othr" or informant could stay protected. You would not do this with anybody or anything and in doing so Susman used the term exigent circumstance....only do this with a deepthroat or something of very high importance.
Actions speak volumes!!!!
I enjoy reading knowledgeable people’s posts, especially the ones who are able to go to the hearings. I am one who likes to read peoples actions. In a lot of cases what people do and say can be completely different, such as what has been happening in court, from the Judge on down. Now let’s look at the actions of the EC recently. It seems to have happened quietly, have you noticed the EC is in control? It has been so long with Rosens one way court appearance, it would be easy to think they are still in control, trust me they are NOT.
The Sunman team had a piece of evidence they wanted the Judge to see before she ruled (just in case there were any doubts) so he showed them some truly damaging evidence, similar to what Rosen did to JPM/FDIC when the released the 800 pound gorilla in early December 2009, which showed the infamous emails from Tim M. of JPM talking about zeroing out equity. I believe Susman did the same thing here, but only the Judge and other important people were here. Now, that is a true action to me and the other exciting action was Susman agreeing to another delay. This is great news because if you have done any DD on Susman, then this action should tell you he is NOT letting Rosen bluff him as he is a MASTER at this.
So based on these actions, it is truly capitulation time for Rosen. Now, I believe there is no way Rosen is going to be cornered with no way out, as he can always rejoin the EC and take JPM/FDIC down, if they want to play games with Rosen and NOT settle. So I see Rosen telling the players, it is time and I am not going to prison for anybody. If there is not a settlement by July 20th, I would look at another delay especially positive for an imminent announcement and this would be much better than an Examiner for everybody, as the Examiner could add at least another year.
So, I truly believe the end or the announcement of the end is within a sixty day window. What is so great and unbelievable about this is, they are still allowing us to increase our positions for literally, pennies!
Case Altering Decisions-To Date None!!!
Finally, we appear to be at a crossroads and thanks so much for what appears to be a very honest, high integrity and result orientated firm of Susman. Susman has done a truly masterful job at positioning the EC in a win, win situation. He also appears to be setting this case up for another authority in the event we can not get any decisions on at least one or more of the following case altering decisions.
What are your thoughts of any of the following case altering decisions being made July 8th, 2010? Do you think one, all or none of these decisions will be made? I do understand the shareholders psoition, but the Judge can and should rule at any time.
? Four billion Summary Judgment
? Shareholders Meeting
? Disclosure Statement
? Examiner/Trustee
? Rule 2004 Discovery and Third Party
One of Bopfans GREAT posts from December 2008 and is very relevant NOW!!! Thanks (literally millions) Bopfan of Y board.
Mammoth Lawsuit Against JPM 27-Dec-08 09:10 pm On 9/25/08 the FDIC/OTS seized Washington Mutual, Inc.'s (WMI) banking subsidiaries and awarded them to JPM for $1.9 billion. The $1.9 billion is being held by the FDIC first for distribution to the creditors of the seized subsidiaries, then any residual to WMI.
The seized assets included 2,200 branches, $265 billion in deposits, and two credit card companies.
The next day WMI filed for protection under Chapter 11 of the Bankruptcy Code.
Section 548(a)(1)(B) of the Bankruptcy Code (see http://www4.law.cornell.edu/uscode/uscod... allows a debtor to recover assets that have been 'fraudulently' conveyed. All that is required is a showing that WMI's property was seized (1) within one year of its bankruptcy filing, (2) while WMI was insolvent or undercapitalized or was made insolvent or undercapitalized by the seizure, and (3) that WMI did not receive reasonably equivalent value for the seized property. (FYI, a debtor is presumed to be insolvent for the period immediately before its bankruptcy filing.)
WMI has $4.4 billion on deposit with JPM that was on deposit with its former subsidiary, Washington Mutual Bank, and there has been much speculation that WMI is allowing JPM to keep the money because the parties are discussing a buyout/settlement of litigation claims.
There have been numerous delays on the hearing for release of this money (four, so far), and my experience as a former bankruptcy attorney tells me that if JPM doesn't make an acceptable offer by the next scheduled hearing date, 1/29/09 (see http://www.kccllc.net/documents/0812229/... WMI will institute a fraudulent conveyance adversary proceeding. Such an action won't take long to litigate as it will be a battle of pleadings supplemented by financial analyses. Neither the FDIC nor JPM has a chance of winning.
WMI's equity in the seized assets has been assessed at $26 billion. This is BOOK value and the market value would likely be around $200 billion (if you estimate it takes about $10MM per branch x 2,200 branches, plus the credit card companies). The bankruptcy court will award WMI the market value as that is the truest assessment of the seized assets.
Subtracting the seized subsidiaries' debts of $30 billion plus the value of toxic mortgage debt would leave the FDIC and JPM on the hook for about $170 billion. The losing parties would appeal but are unlikely to find relief through higher courts.
I said earlier this week on WMI's board that JPM's long time bankruptcy counsel was Davis Polk, and that its department head, Don Bernstein, is an excellent bankruptcy attorney. Accordingly, all of the foregoing has been communicated to JPM's general counsel (Stephen M. Cutler) and to Dimon. In the long run Dimon won't be able to out run this train and will have to settle with WMI or be on the hook for hundreds of billions in liability which would bankrupt JPM.
I suggest anyone who doubts the foregoing solicit advice of bankruptcy counsel regarding it.
BLACKMAILED-This could explain Weil-Rosen's actions????
There is no way anybody acts the way Rosen is, gambling with his life, law practice and more. He and his firm have to be blackmailed by JPM. I feel after JPM realized they could not win,
their potential trouble for the entire company would be enormous. JPM did an internal investigation of the law firm and found truly damaging evidence, just what they were looking for.
Then JPM started a campaign against Weasel, Gotcha and Mangle, after finding the damaging evidence and figured corrupting the law firm; they would stand a better chance burying this (do not forget NSS) without paying. There is no way a person (s) work in this manner unless their life is on the line. Rosen appears to be begging, going so far to the other side as if to say "help me-please" but obviously can not tell why.
I always go back to ones actions to help myself explain the puzzle. JPM truly has something on this law firm for them to act in this manner and it is far more than 'future business' as I believed at first, but no way-no how...now!!!
The other explanations could be this case was Judge/Legal Team shopped and Rosen has known the outcome from the beginning and if that is true this brings in another interesting angle. That being we have some important allies with WMI in Government and they are making sure (guiding) this case does not go away the way Paulson, Dimon, Bair and few more corrupt ones had planned. So here we are what to do, what to do for the criminals including any and all, no matter who they are.
The week ahead will be very telling for the people who are making decisions in this case as Susman has done a masterful job at cornering the players inluding the Judge. One could really not explain anymore delays as the EC has spoken, unless of course this is over by then.
Realtime, this is a great idea and we might be able to get some news coverage out of this. Just think the WMI broke worldwide blackout because of a bunch of angry, milk sucking, renegade vulture shareholders!!
Oil, I hate to agree with this, but unfortunately you are correct, but every once in a "blue moon" best laid plans go awry...let's just pray this is one of those!!!
NHguy, you should be more worried about what will happen to our country IF the TRUTH DOES NOT come out. Why do you think we have these crisis continually? It is because they use this excuse you and many other have just bought...the truth will damage our society to much. This is just plain B.S. and that is why these criminals use this excuse, because it scares people and it works.
The truth needs to come out so these people go to jail and not set example for there next large heist, because that is EXACLY what will happen. Sunshine is the best disinfectant, as said by one of the U.S. Justices.
Long, I am just hoping they have not been bought off like Weasel, Gotcha and Mangle....oh that would hurt so!
Mehedi, you are absolutely correct, the delays truly saved us till we were able to get the EC. But this was not by design, it was because the corrupt players could not even agree with each other...you know no honor among thieves.
Jest, I firmly believe that Walrath/Rosen were handpicked and this was all set up from the beginning. All Walrath does is put a show on by acting upset with Rosen from time to time, but enforces/does nothing.
By not making "case altering" decisions like she should have, she just lets Rosen pass the time by encouraging his antics by her doing nothing. As egotistical as Judges are, there is no way a Judge would let Rosen by continually with his antics, unless it was set up...no way...no how..all IMHO of course.
Jest, It would seem to me the Trustee should have Rosen and Weil taken down. What they are practicing are crimes by hiding, transferring, colluding and trying to zero equity out when there are literally billions of dollars here. I do not know the process but obviously the Judge is refusing to make any "case altering" decisions.
I do know, this is a powder keg and the next best thing for equity is if this travesty TOTALLY blows up and and makes Watergate look like a pimple on a elephant's ass. I think this is very close to happening and it will come from right field with few if any expecting...hurry, hurry and hurry!!!
This is a MUST READ and you have to look at the graph/box of objections/responses and you will understand why I am so adamant.
http://www.kccllc.net/documents/0812229/0812229100628000000000005.pdf
The information in the box of objections/answers is the most poweful and damming to date. To allow this to go on and continue in the US, let alone a US Federal Bankruptcy Court is also criminal in it's own right.
This is such a disgrace that this is being allowed to continue in front of a US Bankruptcy Judge, who has not even remotely called Rosen out on this continued fraud is TOTALLY unacceptable. This JUDGE should be held to a higher standard and at least called out on this and Rosen SHOULD be immediately arrested for not only a crime but a continued crime.
This kind of corruption does not even happen in third word countries.
Wamuvoodo, I agree with you partly but that old excuse about "the economy can not handle it" is JUST WRONG because that is what got us here to start with. Remember Paulson saying we have to do this TARP or the world economy will be no more! All of this was just to protect his personal fortune tied to AIG and favors he owed due to personal fortune.
As one of the Supreme Court Justices said once "sunshine is the best disinfectent" and there is the whole truth. We can not allow this garbage to continue unchecked or you can just write this country off as the most corrupt in the world, bar none. I say this because this country is highly educated versus third world countries and the like.
Wamuvoodo,I agree the stock will move quite a bit this week and if the Judge signs off on the shareholder's meeting on Monday or Tuesday, there should be a large spike.
The problem is the Judge has refused to make any "case altering" decisions and this would be case altering. Maybe she can actually make a decision. Let's face it after twenty two months and we still do not have a transaction document of what JPM stole, that in of itself should be criminal, at least to the estate.
Ilenes, I had an oppotunity to tell Rosen the following as he was in the elevator when I was going down after the last hearing. I wanted to say, well Mr. Rosen 84 billion due the Estate in "unjust enrichment" and you say no money for equity, what gives? I thought of it literlly 15 seconds to late or believe me, I would have. Pass that on to that little "Piss Ant" and have a GREAT time . I have no doubts, SOMETHING is getting ready to break...bigtime!
Ilenes, I am jealous...I want to be there and can NOT...BUMMER!
Time for the EC's POR based on Rosen's numbers!
Delays, delay and more delays…what most legal firms strive for as they get to bill for the delay. Rosen will dot an I or cross a T in the upcoming revised POS POR and give preferred ten to thirty percent to show he is really working towards an agreement. He will leave the commons zeroed out thus preserving the naked/short shares at zero. This brings me to my conclusion for the next two weeks. I am afraid when Rosen submits another POR, they will get receive another two weeks to delay this ongoing tragedy.
I feel the EC should enter their own POR based on Rosen’s numbers, as that would put commons in the money. There is no reason to give away money and no reason to pay preferred in whole, just pay what has been suspended while continuing to pay the payment…so to speak. The EC can pu in sub notes stating the real POR will be submitted when the TRUE eveidence is turned over. This will leave much cash to keep pursuing the real POR while evaporating Rosen’s POS POR . The EC can just claim this is the way the POR should really look using Rosen’s numbers and more reason to immediately appoint the examiner as apposed to ASAP. I am hoping the EC is using this delay to do something really explosive like this.
There is no reason that I know to delay the approval of the shareholder’s meeting past Monday or Tuesday as this should not have to be heard AGAIN. So with all of these things in motion, I am expecting something very positive to develop and if it does not, this will mean the Equity is still not in control and will be very disappointing to me. At some point the Judge HAS to take control and make a decision weather it is good, bad or indifferent. For us to be here for twenty two months and still do not know what was transacted should be criminal in it’s own right, at least criminal to the ESTATE. It is time to quit making excuses for ANYBODY, ANYBODY…Buehler-Buehler.
Fsshon, there is no reason to put it on the July 8th agenda due to being no reason to discuss. This is the law and the Judge should just sign it today or tomorrow. We have seen in the past when the Judge wants to sign something it REALLY is done ASAP!!!
Lawrence, very NICE summation!
84-85 Billion in "Unjust Enrichment" owed to the Estate and here is how the figures come to that total.
This number is in fact it is easy to prove. JPM has had our 29 billion plus 4 billion for almost two years now for a total of 33 billion dollars.
Now take 33 billion dollars times a multiple of 20, as banks lend the money out a conservative multiple of twenty. That is a total of 660 billion and banks generally make about 5 percent.
Now take 5 percent of 660 billion and that is 33 billion per year times two equal 66 billion. Now take 66 billion and add in another 6 billion in tax rrefunds to equal 72 billion.
Now take the 72 billion and add in another 12 billion in claw backs (about two years prior to BK filing) and you end up with 84 billion.
Now that should be easy to follow, just to give you a CLUE about what serious DD folks KNOW.
People pay attention to DD as the Estate is already owed over 85 billion dollars in "Unjust Enrichment"
For all of our true longs here, I know you know or you SHOULD know. People do not do our CRIMINALS a favor by posting non DD posts in terms of price per share that are so low that it shows how LITTLE you really know.
This is just what our CRIMINAL ELEMENT wants to hear...something so low that could use the money they made with our money to pay us and laugh forever.
Folks, I just want to give people a clue. JPM owes us more than anybody at this point because they have made 85 billion dollars off the money they stole from the Estate so simple math says that is well over forty dollars a common share.
So before you start quoting price per share quotes on this board, PLEASE use DD and I just gave you a starting point.
Jest, it was a pleasure to meet you at the hearing on 6/17. I am glad I went and was able to have met some of the screen names from IHUB and Y. Thank you for your private reply the other day. I try to call it as I see it...positive/negative and try to keep the emotions out of the decisions and I find that I have a better view of what is actually happening. Sorry, I have not signed up for "private messaging" but will soon.
I found it very interesting to meet some of the IHUBer's and Yahoo screen names in person.
The piece that I found most interesting is reading between the lines. I have said for a long time I judge people by their actions. Their titles to me do not imply honesty, integrity or honesty/good will. They have to get their respect the old fashioned way...EARN IT by their OWN actions!
The piece I am talking about is the EC actions. By far, the hearing on 6/17 would have been equities BEST day in the entire drama to date and what did equity do...well you know by now…another delay.
Now, I find this the best delay to date. My DD tells me that Susman and team can NOT be bought and this is where the end begins for ALL of the corrupt players, including some of the legal teams.
There is no way that Susman would have given up the Examiner at this point, if there was not something very intense going on; which can only spell good news at some point for equity. We all know that this case will end at some point and the ONLY thing that these kind of corrupt players understand is losing their reputations, loss of standing in society and of course my favorite for these people, PRISON.
I truly believe this case is currently at a crossroads, capitulate or take on the worst case scenarios. I believe Susman feels he can get our deal within the next three weeks or why else would he have held off on the Examiner and Rosen's actions shows capitulation from his previous actions. Hell, he could not even say his favorite words...Your Honor; there is no money for equity. Look for huge positive changes in the case very soon. Unfortunately, this is the first time in over twenty months that Equity has been in the driver’s seat and this is where Equity will stay until you hear the real words…WMI Equity agrees to settlement.
Nick, only place I could find for tonight 5/15 is the Quality Inn on RT 202 North and Best Wetern on 5/16 same area about two miles from the court house. I wanted to stay downtown at the hotel with the Y people but all the hotels downtown were sold out.
HI guys, I am already here in in Wilmington, DE. about two miles from the Courthouse and look forward to seeing many people from Y and IH on the 17th.
What does one make out of this German link?
Link (in German language):
http://finanzmeister.beepworld.de/finanz...
Computer Translation:
15. 06. 2010 pressure too largely? JPM Chase goes into the offensive. After Washington Mutual did not create it, an agreement out of court with the FDIC and JPM Chase before the court of bankruptcy to erziehlen, goes to JPM now into the offensive. Apparent them the pressure becomes too largely, which the ordinary shareholders exert of Washington Mutual on the procedure. if they had believed themselves still in March as the winners of an agreement out of court, they experience now the second setback within one week, after they were condemned in England to an exemplary fine. Behind reproached hand however already of an offer of $ 3, - per common stock one speaks. " We want to meet an agreement, which places all involved ones contently! " a coworker of the insolvency fund (FDIC) is quoted.
The Ultimate Trifecta!!!
Being a pre and post holder of WaMu, I have followed this day by day, week by week and month by month and I hope I do not have to say the next part.
Accumulating all along the way, I have to say I have had my doubts, not about the billions but the power of the Elitist and their corrupt ways. Who would have ever thought the whole legal firm would have been on the take. To me it is obvious that Weasel, Gotcha & Mangle have been threatened by JPM.
These people are not acting the way people act that are on commission, a paycheck or want a piece of the action. No, they are acting exactly they way someone would act if they were caught and about ready to lose their reputations, license, fortunes and ready to be turned in for their horrendous illegal actions, whatever that entails.
When Weil threatened and dropped the 800 pound gorilla on JPM, that is when (possibly) JPM pulled their evidence on Weil and they probably came to a consensus to help JPM steal the rest of WaMu and they ALL would avoid BIG BUBBA.
Now if the Judge is going to follow through the way she should, we will have a trifecta this week since she has not at this time ruled on the illegal POR that she said she was going to by June 17th. When she rules on this and turns it down, she should simultaneously rule on the four billion summary judgment and then to fulfill the trifecta, invite the Examiner. If she rules on these three issues this week, I can see the commons in multi dollar land.
However the Judges past actions (in this case) do not show she makes case altering decisions, although I want to be optimistic due to how Mr. Susman has the Judge and the adversaries boxed into a corner. As in all of these Omnibus Hearings, they are generally a disappointment (yes, I will be attending) and I am trying not to set my hopes very high, to only be deflated again.
Regardless of the actions of the court, I feel the competition will ultimately allow us prevail and see this life changer through to fruition. Here is "TO THE MOON" for all of the true longs and I wish the best for ALL.
fsshon, I do not want to seem pessimistic, but I only judge people on their actions and this Judge treats Rosen as if he were a business partner, a child or possible something even deeper.
This Judge does everything she can do to rule in Rosen's favor. Anytime there has been a decision that would alter the case dramaticlly, she either turns it down or does nothing such as last week.
For the Judge to act surpised last week told me a couple of things; either the Judge is corrupt, incompetent or does not pay attention to what has been going on with the case. If any one of these is true she should be fired and taken down just like Weasel,Gotcha & Mangle, Dimon, Paulson, Bair and others!!!
If the Judge's past actions are any indication, then June 17th will be another show put on by Rosen and the Judge, after all her court room is Rosen's playpen.
This illegal Disclosure Statement should have never been allowed in court to start with, let alone taking this much time. It is illegal to gift away money or surpress the Estate's assets in chapter 11, so this POR should have NEVER been allowed to stand,let alone take up this much time and money!!!
There is really nothing to decide on this POR, so what the hell is this Judge waiting on, another XMAS?
True Longs (WAMUQ) Allie is Rosen!
In all fairness to Rosen (something he knows nothing about), I would like to take a time out and truly thank this very corrupt individual as he is probably starting to get a clue about what I am going to say. Thank you Brian and your despicable law firm that should be put out of it’s misery before it can do more damage to Corporate America and the very belief one can invest in the US stock Market without being totally sabotaged by your kind.
I purchased WaMu two days before the seizure and that will turn out to be the best investment in my life as I would have been like 99.9 percent of the other Americans, clueless about what really happened to our economic cycle, financial industry and the meltdown of the world wide stock market. This all caused by four really greedy, corrupt, arrogant and clueless main principles by the names of Paulson, Bair, Cox, Dimon and several others.
If the legal team of Weasel, Gotcha and Mangle were not totally corrupt, they more than likely would have demanded and received a true asset and liability list within about 6-10 months (if not much quicker) of the chapter 11 filing. If that would have happened, I would have very little stock as compared to all of the opportunities Rosen has given us to purchase stock over the last twenty months, including another purchase for me tomorrow morning.
The incredible wealth that some of us are going to foster will be mainly because of Brian Rosen who had no clue of how this was going to end when he started this criminal, corrupt charade of trying to destroy even more people and entities than was already destroyed by the original debacle. I hope he truly gets what he deserves with all of his corrupt activities but I wanted to make a point to bring this out as I think must of us will have lost this point due to all of Rosen’s corrupt endeavors.
A Tragedy Before Our Eyes,
We have been in bankruptcy court for twenty plus months and what has been accomplished besides our legal team billing over 100 million dollars at last count. I look and judge people on their actions and not what they say. Most people want to make excuses for this or that but the bottom line is nothing is getting accomplished except multiple billings. The first 14 months went by and the NOBODY, NOBODY said a word about what we were supposed to be judging. Obviously, one now FULLY understands why Weasel, Gotha & Mangle never asked.
The sad part is all the Judge had to do in the first fourteen months is asked “what transpired-contract-something, show it to me so I know what I am supposed to judge. Now don’t tell me it is not her duty. She is a Federal Judge and she has a right to know what she is judging, especially when there was no one to represent equity and keep in mind the EC was turned down twice. If this Judge had anything to do with the outcome, the EC would have NEVER been formed and Weil would have been successful in stealing multi billions of dollars from the rightful owners.
The US Trustee is the one who saved us and our Judge has been miffed at him since, it is totally obvious. Yes, some of you are right she could have said no to the EC, but that would have brought on to much attention that she did not want. She has no problem approving anything for the Rosen team but ccan not as make a “rule of law” decision for an Examiner, fully knowing what that would do to Rosen, Once again people judge somebody by their actions and NOT what they say.
I have no doubt Mr. Susman was on to this Judge immediately, as he is able to read people well. I do not look for him to re file with this Judge as she may judge it ASAP and we will be waiting in 2014 …for something to be ruled on.
I am sorry folks, after twenty months this Judge should be ABSOLUTELY ashamed of herself with ABSOLUTELY no control of Rosen and her courtroom. Rosen has been committing bankruptcy fraud right in front of her eyes and then last week she FINALLY acts surprised, give me a break. Rosen also should be handed sanctions, been removed from this case, license under review-disbarred and he is even in CONTEMPT of court and this Judge does NOTHING.
I will stay with this and purchase more to the very end as I do not have much faith in this sham of a Judicial System, but I do have faith in the competition or other entity not letting JPM get away with this multi billions of dollars transferring hands.
The Hidden Criminal is Weasel, Gotcha and Mangle,
If any major company has “Rule 2004” issued against them, they would indeed have to worry due to the way business has been transacted in this country the last twenty years, one could find illegalities, corruption, fraud or something to hurt them. So I say, that the same would apply to WaMu and the former BOD’s.
With that said, I do believe that some of Weasel, Gotcha and Mangle have connections to the former BOD’s and may have actually held a seat on WaMu’s former board at some time.
Now we know that Weil and Company switched horses sometime in December of 2009 and I think JPM tried to double cross Weil and Company sometime in October/November 2009, because all hell broke loose including the US Trustee when Weil unleashed the 800 pound Gorilla in early December of 2009. They would not have unleashed that Gorilla if everyone was playing nice so this was payback to JPM.
Since WaMu and JPM have many illegalities that each have to worry about, the three hundred billion dollar question begs for an answer. Do you think Weil, Gotcha and Mangle have been threatened by JPM into giving this ALL away to make everything and all illegalities disappear against Weil, Gotcha and Mangle? I always try to read one by their actions and NOT what they SAY.
It certainly appears to me the legal team is into very deep corruption, fraud and illegalities for them to act this way. They are acting/working far harder than a paycheck; it appears to me they are working to save their licenses, prison terms and their corporation as JPM has OUR legal team by the gonads and they are squeezing very firmly now. Look at the legal teams VERY hard, look at their actions and you may see what I think I do. There is far more at stake than future JPM business for Weil, Gotcha and Mangle!
Uzual. I hope I am 100 percent wrong but it does not look to me like our Judge will sign the subpoenas. I say this because if she gave Susman true discovery like she claimed, there is no reason to put this on the agenda, she should just sign them.
fsshon, as always you have some great responses. I am not that negative but just looking at people's actions because I do not believe what people say when it comes to money and power.
I have a real problem with the Judge because for the first 14 months or so, we did not have an EC and the Judge has NEVER even questioned ANYBODY what happened. The Judge has a fudicial responsibility to the Estate since the EC was turned down twice. I know it is her job to judge, but how can you judge ANYTHING when the KNOWN facts are in hiding such as the 3.1.A or the transaction paperwork. Just what the hell are we judging and twenty months later we still do not have an asset/liability list. Some is very ROTTEN in Denmark my friends.
The way the Judge treats the US Trustee is very troubling, almost like she never planned on a EC being formed and when the Trustee popped up like a "Jack in the Box" she had to go along without bringing attention to the matter. It appears to me she has had a problem with the Trustee since and that really bothers me.
Then the way Rosen tell lies in open court such as with the FDIC and not a word is ever said to hime and it almost appears after time that the Judge is actually working WITH Rosen and that is frightening.
Once again actions will speak volumes and if I had to bet the Judge will come up with some excuse NOT to sign the Government supboenas and if that happens, oh well. Susman met the "rule of law" on the Examiner and there was NO REASON to turn him down. If this case does not warrant an Examiner, there is NEVER a case in history that would or will warrant an Examiner!!!
I also feel and the reason I stay in this is not that Justice will prevail, but the competition will force the day as they will NOT let them get away with stealing BILLIONS of dollars with the US Government aiding and abetting without some consequences. Look for even a fifty cent bid just to force the shorts to cover sending WAMUQ into multi dollar land!!!!