Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Could be an interesting week coming to us all..
Gmenfan..I agree...she needs to have a bad day to make here just mad enough to let em have it...lol
So the FDIC will deny deny saying they took down WAMU for the good of the country..lol Would love to see and hear the back door negotiations between JPM and FDIC.
"Sheila Blair..C'mon on down...you're the next contestant on the price better be right!"
Why is there so many (at the bid) sales...not true selling?
Well time to go bottle feed a calf. I shall return.
Was the exact date WAMU was seized by FDIC the 26th of September?
With WAMU's blessing can discovery be extended if negotiations are ongoing?
fish... in the circle they run...power is everythng. More than the money. I love Cadillac Margaritas....but then again, I love all spirits!
Dang stock... .102 to .0995 in a flash.. not that those tiny amounts matter.
Jerle...LOL
Well another month or so amidst the glow of a computer screen is fine..lol
Great post fish...so true!
So fish...this is playing out like most criminal acts involving more than one player. When the pressure is on, one buckles and points a finger at the other. So we have JPM, who (discovery may reveal) had a plant or knew in advance they were about to be the receiver of stolen property...discovery now forces their hand and they begin pointing fingers at their accomplice (FDIC). FDIC is now stuttering and the Judge has to be disgusted inside. This is going to be something watching this play out.
TPG is about to get a payday...and fish...and hammer...diamond...
Wow Jerle..if that doesn't say it i don't know...LOL Admitting to the solvency of WAMU...Wonder what those boys at TPG think now? Grand slam should be coming to a computer terminal near you soon!
Doc...Thanks..it was late and I didn't read the entire paragraphs
Any cause for concern from this post>>>>>
Pay attention to these 3 paragraphs 53 minutes ago from the article Govmt posted and how they would apply to Bonderman.
Also all the bonds are trading at 87% because that is about the same % of assets to liabilities at this point if liquidated. So bondholders are fairly sure to get at least 87% of what is owed to them.
There was no mention of any offer from JPM only that there were negotiations and the author I assume got that from the same billing statements we read. I beleive those negotiations had to do with the deposit and other assets WMI is after, not a overall settlement. JPM could have been just going through the motions to get what ever info it could about WMI`s strength of claims and may never have even made a offer about the asssets and deposits. Just stalled for more time as usual.
And now there are no negotiations going on so it is all moot anyhow.
Now back to bonderman this is why he stepped down from the board.
------------------------------------------
>A seat on the official creditors committee brings with it duties to refrain from trading on inside information, such as the likely shape of a Chapter 11 plan, or a settlement deal on the way.
Investing funds often avoid duty on official bankruptcy committees, preferring the combination of trading freedom and negotiating power that comes with joining an unofficial committee.
Members of informal committees can trade freely, often with the aid of inside information, but don't have to look out for the interests of other creditors. <
--------------------------------------------
I still worry that TPG and other debtholders who also have shares could get enough out of a settlement or restructuring plan to offset the loses on their shares making them willing to look the other way on that issue.
I know everyone wants to hope for a, soon to be end to all this and justice, but keep your gaurd up and dont get to hyped by reading to much into something that may not be there. You are only wearing your selves out for the long haul the way sugar and caffiene wake you up and then crash you down later.
Pitch your tent and stock up your lunch supplies.
So the 26th WAMU was taken down?
Diamond...cool...could be alot more from all the posts I am reading.
Yeah that would be great!
rramirez...thank you
rramirez.. so we could have even hotter discussion settlement through Septemeber and agree in part to settlement by October...wrapped up by November?
JPM up .94 $42.35 last trade
Desperado..thanks
Seems to be some good upward pressure on the common today.
Yeah...he had been a long time holder of WAMU since the beginning. Don't know if he sold or not...Nice fella. Not a close friend but nonetheless....the things some go through...makes me feel blessed each day.
diamond..didn't some of the old reports show that TPG was buying up bonds...I know they converted P's to common...perhaps they think common won't be involved in settlement and bought bonds as insurance? Thoughts?
Or R U still $12+ on the commons?
Yeah i agree...$1 sounds good about now.
newt...lol Yeah..with my luck it will be more like a model T.
I hope something comes. I have a business acquaintance that lost millions. Then fought brain cancer.
I'm hoping to see a buck or two. But...Nothing is for sure in my world. Now in Diamonds' world...$12+
And HAMMERTIMES' ? LOL
Royal..Yes.
rramirez..thank you...so if that would be correct then t-minus 7 and counting
No Tuck.. Nothing is a slam dunk...especially when dealing with government entities.
REAL..ok thanks.
Thanks dannon...pretty sound..
REAL..do you still believe this old statement of yours?
the commons will most likely be canceled thats why the HUGE move to WAMPQ is going on right NOW just look...............
Yes I sometimes believe that as well nurse..there is always a dribble of something that causes share price to go up prior to an event. The only thing I can think of (and I'm no expert in this area) is the MM's are sitting on this no matter what until so much pressure is applied (settlement news) that they have to let it go or get their butts' blown off.
Yep...good post...though I would love to see a "leak" on the witness stand "leaking" all over Jamie and his merry men and women.
Great Oktoberfest! I will be in the middle of my fall beer celebration....and maybe I can have a brew ha ha $elebration down on the farm.
My wifes' birthday...September 26th!
What a present that would be...but that is asking too much.
$3 trillion...LOL OMG!