Democracy starts with you, tag your it! ...Thom Hartman
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From my understanding, all that has happened now with the GSA is that JPM/FDIC are free to roam/communicate with the EC if they choose to and notify everybody in writing that they are leaving.
Someone on Y described it sort of as being divorced, but still living together. You can leave for greener pastures if you choose, and can also stick around to see if things get better with your significant estranged other.
So yes Rosey is momentarily in charge....but of what. Really nothing - he's been neutered as far as the rubber band has been placed around his nutz, and until the FDIC or JPM terminate in writing, than he is "gelded" as BOP puts it. lol
So we seem to be in a holding pattern till 2/8 where JPM/FDIC probably are not going to terminate or work with us until they see which way the wind is blowing in JfW's court on orleading up to 2/8.
But the importance of 1/31 is that JPM/FDIC are free to inquire what their 'other' options might be with us if they so choose.
Another great analogy someone on Y had, was just because Rosey took his girlfriends to the party, doesn't mean they are going home with him tonite!!!!! LOL
nope got it, 36k @.056
Someone posted an interview with Willingham and my recollection is he's not the type of guy to take a quick drop to end it. I hope that's true.
I think there is enough dirt out there, that just merely exposing the highlights, is enough to garner a larger settlement if it get's to that point. Right now, the dirt doesnt really get out on the public record as this is BK and JW ain't going there.
As much as I need the money now, I will happily wait as long as need be to make sure the conclusion is appropriate to the crimes and injustices committed, as the big picture here is more important than my life. My ability to earn the american dream is a mirage if Wall St. isnt made to feel a equal amount of pain in proportion to mine over the last two years.
Wall St. needs to think twice before they play, not us, and WE need to feel safe to invest.
Those were great reads. I am amazed at the stuff GOV finds - on a regular basis!
Anybody else tried this tonite??? I'm tripping out, never had this problem before.
What is weird, both brokers will let me place an order for tomorrow am on FFGO.
Just for whatever reason, NMGL doesnt work or even exist tonite.
I could understand if the message was try your order again later or in the morning.
But it says it doesnt exist?????
Exactly. Something is up.
I cannot buy under NMGL nor can I find the company when I do a ticker symbol search.
When I do historical research under NMGL, I get all the info, charts, etc from the past.
But it appears from tomorrow forwrd, NMGL doesnt exist????
I tried both NMGL and NMGLE on both Schwab and Fidelity and got the same invalid sybmbol response. And searching for some other symbol under the comppany name, says no company exists.
And FWIW, I can place an order for FFGO, just not NMGL.
thanks but I can get that info under the 'research' a stock tab,
But what's tripping me out is that when I try and place an order for tomorrow am, the system wont let me place it due to invalid ticker symbol.
So then when I do a ticker symbol search, it says there is no North american gold and minerals fund?????
Tried both NMGL and NMGLE and neither work. And as mentioned before, searching their name for a ticker says no company exists.
thanks but I can get that info under the 'research' a stock tab,
But what's tripping me out is that when I try and place an order for tomorrow am, the system wont let me place it due to invalid ticker symbol.
So then when I do a ticker symbol search, it says there is no North american gold and minerals fund?????
Tried both NMGL and NMGLE and neither work. And as mentioned before, searching their name for a ticker says no company exists.
just tried the same NMGL buy on my Fidelity account for tomorrow am, and the same thing pops up, NMGL not a valid symbol. What is going on?
just tried the same thing with my Fidelity account, symbol not valid. hmmmmmmmmmmmmmmmmmm!
read my comments on NMGL board. Out of curiosity I tried to place an order for tomorrow am for NMGL and I got this from SCHWAB
This order cannot be accepted because the security symbol is not valid. Refer to Symbol Lookup for a valid security symbol or call 877-368-8288 for assistance.
Next I tried to search for a 'correct' symbol for North American Gold & Minerals Fund and Schwab says it doesnt exist.........
HHmmmmmmmmmmmmmmmmm something is up.
What's even weirder, is when I do a search for North American Gold & Minerals Fund with Schwab, there are no results - it doesn't exist.
I can search fortress financial and FFGO symbol pops up.
SOMETHING is up!
I tried to put a buy in for NMGL tomrrow am, and this is what Schwab says.
This order cannot be accepted because the security symbol is not valid. Refer to Symbol Lookup for a valid security symbol or call 877-368-8288 for assistance.
Is this related to the late filing or another sign of "corporate action" per seventeneleven?
NMGL is bought out by someone tomrrow or bk?
Wow. I'd hit that if I wasnt out of town for an extended weekend. Gonna be up at Mt. Baker for some powda.
I'd REALLY like ask her why the abrupt departure from her indepth award winning reporting. Its hard to believe she'd abandon the career momentum she had at that time unless she was offered a mountain of cash or something.
It is interesting that now that the FCIC report is out, she is now coming out of the woodwork to push her book. Odd timing, maybe her 'book vacation' and coming out party is at the behest of the DOJ or something govt.
Simon and Shuster publishing her.....who owns them, JPM lol.
New website looks great. thanks
FDIC inserts "clawback" into latest deal Maybe our P&A final purchase price goes a little something like this..........
FDIC inserts "clawback" into latest deal
Source: FDIC clawback reflects US strategy shift Financial Times, August 18 2009
"US regulators are starting to structure bank rescue deals so as to limit the potential gains of buyers, a strategy shift that could deflect political criticism of the cost of bank bail-outs.
The Federal Deposit Insurance Corporation, the insurer of US bank deposits, sealed its first such “clawback” arrangement on Friday as part of its deal to sell $21.8bn of assets in Colonial, a bank seized by Alabama regulators, to BB&T.
As in past rescues, BB&T, based in North Carolina, bought the assets at a discount while the FDIC agreed to absorb the bulk of potential losses. In this case, the FDIC agreed to reimburse BB&T for 80 per cent of the first $5bn (£bn) in losses and 95 per cent of further losses up to a ceiling of $14.3bn.
But if losses from the Colonial assets are less than $5bn, BB&T also has agreed to pay some money to the FDIC – on October 15 2019 – in a new feature for bank rescues.
The FDIC confirmed it had “created a mechanism for capturing a portion of BB&T’s discount bid if realised losses are less than expected” and said the strat egy might be used again.
The FDIC’s deposit insurance fund fell to $13bn at March 31, its lowest in more than 15 years.
The FDIC is angling for a similar clawback provision as it seeks a buyer for Guaranty Financial, a struggling Texas bank with $14bn of assets, according to people close to the process.
One person who has evaluated banking assets said the regulator was “trying to do that on every deal now”.
Bids for Guaranty were due on Tuesday after a second postponement of the deadline.
Banks ranging from Toronto-Dominion and BBVA to Wells Fargo and New York Community Bank, as well as one private equity consortium, have considered making offers.
http://freerisk.org/wiki/index.php/FDIC
recheck the post - just corrected. sorry Biz. i forgot to paste. one too many tequilas tonite.
Short report summaries website from Y poster SesameSeed. Excellent. Posted for you all with his permission.
http://www.geishababy.com/WaMu/
Not much time to buy cheap, is what it is saying to me.
That was a great paragragh Lawrence, talk about talking softly yet carrying a big stick. LOL Our guys are great.
I still think they are stepping it up a notch by filing during trading hours which reuters was quick to pick up.
I hear ya but what scares me is if she is weak or corrupt and then Noteholders/Rosen use the status meeting to 'ammend' their POS somehow, (IDK how, but nothing surprises me anymore on this case)and they get to go first, then I feel we're F'd as then the appeal we then would need is much larger than just her opinion.
But if we get to serve discovery on noteholders, than any ammending on the POS would then have to be postponed i'd think.
This would actually make her day and decisions quite easy comparatively I'd think. JMO. Off to work, these days make it so hard to leave the Dmn computer. LOL
I also find it interesting the EC filed during trading hours this time. Hasnt it been a long time since that has happened?
This appeal is probably more of a warning to JMW, like the Examiner appeal, that if she doesnt grant discovery against the noteholders tomorrow, that we have that hammer ready to drop.
Not ready to completely diss the judge yet, I still wonder how much of this is still a clever dance, to green light the EC on when is the right time to play certain cards in her 'appeal-proof' waltz that she is composing.
I vote for appeal first, cause the topics of the status conference will change bsed on what's in or out appeal wise IMO
Fantastic morning in WAMU-land!! SOOOO happy to see the discovery motion and the appeal to the third circuit.
About time and friggin appropriate I'd say! GO SS/JN/EC
glad I bought big time this morning! thanks mm's. sure happened quick. there must be a lot of eyes today on this one.
never mind whole thing went thru
I hear ya, but why would Rosie put it off until after his GSA expiration when he would really have no chance to protect his 'precious'. The only power he has is now and the next few days.
I dont know if the ultimate 'deal' is afoot by thursay, but I really think things are traveling down that road to some destination depending on negotiation skills that could take weeks, months, IDK, but it seems a very peculiar play on his part at this point in the game.
I agree FSSH with your take. I am getting excited. Why would Hoffman be willing to push off his hearing unless something beneficial was up.
I would think at this point no legal teams of ours/hoffman are taking anything Rosey says seriously unless his azz is putting it on the table and in writing - as he has proven too slippery to take his verbal currency.
"s"tatus conference sounds pretty capitulatory for someone who's POR was denied.
The judge gave him a pretty clear roadmap to what changes are neccessary and so if he was going to submit another POR.7 for votes, etc. I dont think he'd need a sealed doors meeting to better infer what the judge is looking for vs. her denial.
I just got home. If it is gone, I saved a hard copy and can email it somewhere.
WAMU Institutional Risk Analytics sept. 2008 Oodles of statistics about WAMUb and WAMUfsb risk data from Institutional Risk Analytics. Data Sourced from FDIC interestingly.
http://www.edocfind.com/download.html?dl... report on Washington Mutual Inc - Institutional Risk
IMO Rosey the weasel is splitting hairs with this statement to keep acting and playing tough. Because when there is blood in the water, they are finished.
Of course he never "provided" nor "discussed" the documents to the FDIC/JPM. Why, because the EC did. The EC 'provided' them to the judge for 'discusion' which brought about the examiner.
Rosey is weak, desperate and quickly running out of time. His objection is misleading IMO.
Think CLinton "I did not have 'sex' with that woman" (just a B J)
Just trying to kick the can a little further down the road, buy a little more time, etc. IMO
Great short share website created by Yahoo member mrsesameseed - shared with his permission. http://www.geishababy.com/WaMu/
I got tired of searching for and updating URLs to find WaMu short data (and I hated how it was presented). I also noticed many people always asking for links to the data. Being a software developer in my real life, I decided to create a page to consolidate the short data and provide an easy way to view the data for different dates. The data is sourced from the actual short sources (and links to the source data is supplied for convenience). The link to the page is below, and the page also shows how someone can link to the data.
To use it, just select the relevant date from the drop down list (for semi-monthly info) or from the calendar (daily info). Let me know if you find any bugs or have enhancements that could be helpful (even those not related to short data) as I like small projects like this. No guarantee on a reply back, though, as I have work and a family.
Enjoy!
http://www.geishababy.com/WaMu/
MrSesameSeed
P.S. I said a was a software developer and not a web designer. It looks like crap, but I don't care because it is functional and useful.
Sentiment : Strong Buy
I had the same experience a couple of days ago. I bought a few thousand, it took about three hours to fill and was split up three ways. shares must be getting tight
Question for the esteemed board. Has it ever been determined why JPM is quoted to have raised 8 billion in news reports at the seizure date, yet they only paid 1.8 billion for the bank?
I keep seeing this, I havent remembered any discusion of it, and I wonder if this is a missing part of the 3.1a puzzle; sort along DG1's value jingle. What if the 1.8 is a down payment on a final purchase price estimated to be around 8 billion.
There hasnt been any reporting on where that 8 billion went is there?
Did or Could the 3.1a disappear that showed a higher price for listed assets XYZ upon closing of the deal, but for whatever reason, maybe the sealed docs, this whole process got hijacked (Teppper, Bonderman) in a way that has prevented JPM/FDIC from closing this fiasco until now that the POR is denied.
The mixed messages from the court have always felt like stalling tactics to me for some reason. I am trying to put some peices together in my mind and this anomoly of the 8billion keeps popping up and I can't figure out why.
Time Me. Starting now............................
I just listened again. It struck me how bad WMI/JPM/FDIC really need those third party releases.
We know there is dirt on their hands, but it really must be FILTHY, for their whole GSA to hinge on releases as they must feel they'd loose to a jury in class action, and have to pay mt. everest sized mountains of cash to claimants and their attorneys.
Thanks for posting this for everyone. We are golden! IMO
I found that doc and sent it off to WMISH, FSSH, and others.
What I find most interesting is scroll down to the very end passt the repeated pages to the email sections, definitely no mention of WMfsb. Only WAMU bank and website is referred to being put in receivership.
Just another example of blatant FC and theivery and how we deserve our 20billion plus in cold hard cash back from WMfsb.
JPM's newest stress test to be kept private from public eyes, as opposed to previous public ones.
http://www.huffingtonpost.com/2011/01/10/stress-tests_n_806645.html