Democracy starts with you, tag your it! ...Thom Hartman
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ORAL DEPOSITIONS beginning of JPM and DEbtors/WMI from Y; thx Gov
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=577247&mid=577247&tof=1&frt=4#577247
busy debtors new stuff http://www.kccllc.net/documents/0812229/0812229101025000000000011.pdf
What's this? new on kcc trancriber requesting standing order for the upcoming week of ......(image not available)?http://www.kccllc.net/documents/0812229/0812229101025000000000006.pdf
I was just reading that also. The shares being in WMI Investments a sub of WMI. A Few More Billions there mayb.
try link agaiin; had cut/paste issues. now fixed
http://www.kccllc.net/documents/0812229/0812229101025000000000003.pdf Broadbill confidentiality signed
http://www.kccllc.net/documents/0812229/0812229101025000000000002.pdf Erisa
No kidding Biz. I've made the suggestion many times to his website.
Susman a liberal lol. Well ah'll be! I'm feeling much better already! GO SS,EC,JH
Yes the deal has not closed, the FDIC keeps extending it out for another month.
Not sure I understand what your saying about the price....but it seems if there is evidence of FC or collusion, the FDIC is in trouble; whether they raise the price up or not. they are on the hook for a good chunk of the tab. But alot of people theorize that the FDIC really gets the last laugh here over JPM.
If they raise the price that reimburses all equity to an agreed amount, that is fine by me and we all go on our merry way. FDIC can just say we were waiting all along for 3rd pary evalutation (examiner) to pin a value on as the days of the (premeditated) financial crisis was so hectic and messy we lost the 3.1a.
If it hasnt closed, the price can be ammended. Who cares how many havent closed still.
When you infer that WAMU's lending to illegals as a practice of WAMU can contribute enough to push that bank over the edge, I think is ludicrous to say the least.
If you naked short a healthy, liquid, solvent business, like Overstock.com, and the price drops 50% or more, does not mean the business is s__t, even though those short would like you to believe that. My story is personal and runs parallel to the takedown, but has nothing to do with WAMU's stock price during the heist; but for every action of Dimon/Paulson/etc., there is a reaction, a ripple effect, and soon becoming a tidal wave that we have now as a nation, etc.that is still reverberating throughout this country.
If countrywide etc. needed taking down despite getting Tarp and short protection than so be it, they deserve takedown then. The fact that WAMU was open to every assault speaks volumes. The WAMU takedown broke the law and fair replacement value should be paid, or go build your own west coast brand and presence.
Jeez johnny this is the wildest post I've heard from you like this, who's sayz J.Dimon is going to get away with it? FDIC never closed the deal. Pay up sucka!!!! 1.8 bill was just a down payment - you know, lay away cause you couldnt afford it to begin with LOL!! Commons will never settle for less -
(edited to avoid jail)
The FDIC said there was only one other bidder, CITI who had a non qualifying bid as far as they say and we can read thru the redactions - the examiner's billing is hinting at other bids. Wamu only needed life support as they were the only bank on Fed's premeditated hit list; only one with no TARP, only one not on no short list, etc. With Dimon's collusion with the FDIC, bid-rigging, naked shorting, etc. he did destroy millions of lives - mine one of them.
And of the small percentage of bad loans that JPM is making billions off of each month, I highly doubt the largest percentage were from illegal aliens; OMG you really are revealing yourself here and to whom as a group you think you are speaking to. When every large bank in AMerica is lending free money to anyone and everyone is taking advantage, I seriously doubt the majority of the problem are illegals LMFAO-tea party in the house. JPM is making billions off of these bad loans you speak of.
I grew up is SEATTLE also, and dont know what WAMU your talking about. Nobody who grew up in Seattle would ever blame illegals for that LOL, maybe in the backwoods......maybe a Buckley or Cumberland boy would, but there was no WAMU there, but there was a lot of JUMBO ARMS at the local banks small town banks that have also gone into receivership this year - I think every color participated in that O. Without googling, which WAMU neighborhood in Seattle were you patronizing?
H, I appreciate your work on links and posts, this is something I just dont get ornever quiet felt right about. It seems like the we should push high even if we dont get it - to maximize the return.
What good does it do if someone fraudulently drives me out of business and the just and right reward isnt enough to even recreate what was taken.
I know life isnt fair, but F those guys. If it was up to me and I'm super SS, I'm holding until they're blue.
and FUBR for good measure!
I hear you for real, but we are not talking about a buyout of and existing company. We are talking about getting what was taken back or replace it value wise, its not like we can go buy an equivalent holding company with subs and bank now.
Unless FDIC winds down JPM and we gt ours back plus some LOL
true lol - soo many details, so divide by two? so if we were damn lucky on rico evidence found or hung around long enough through litigion provided there is no settlement, then $30-60?
But what I dont understand from a practical standpoint is that it seems like if you stole and destroyed something in any other court of law, it isnt what the market used to value it at, it is more like what does it take to REPLACE that, now that it is destroyed - after all if they wanted to pay market value, then JPM should've upped their bid from $8 and it would still be a deal. Hell 30-40 would still be a deal. I remember when i first got into WAMUQ a year ago, I remember someone finding where the cost to build the WAMU brand would've cost hundreds upon hundreds of billions - hence the theft.
Surely 30-40 per share of 850 million o/s back then cant replace everything like WMI corporate charter,building a business reputation and public trust, bricks and mortar, etc if you had to build it from scratch - and REALLY to me, that is what this is all about. Seems like WMI value should be (whether we get it) what it would take to build it cause that is the only way to get something like that now (replacement value).
Although the clubby few usually dont have to abide by the same legal standards as I would if I destroyed your property, we should hold them to the same standard. Especially when we appear have them by the nuts. AIMO
I see your point and agree, but I still think that its not just about getting the value back at this stage of the game and after all these delays, what if damages were thrown into that 'peak' value back then........ or rico x3.
I cant imagine becoming that rich, but I see how it could be possible if the examiner really finds the smoking guns/goods.
Peak days of 30-40 times 3 = $$$$$$$$$$$$$$. Anything might be possible
yah he's a genius at not getting the deal closed with the FDIC.
Whoops, that's gonna leave a mark Nov 1st. No squatters rights for him.
JD, ya shoulda settled when you had the chance!
Thanks for that great explanation. That helps me visualize where a lot of these numbers 'live' in terms of getting numbers to start hitting equity; just from using Rosens numbers alone. We are defintely in the money.
interesting thread on Yeehaw about TPS's securities and fraudulent transfer proof
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=575733&mid=575733&tof=1&frt=4#575733
yipper skipper. PLUS!
Wikileaks still down this morning for WAMU searches. I guess the 400,000 Iraq war documents that just got barfed up last nite have left a bit of a hangover still.
http://www.huffingtonpost.com/2010/10/22/wikileaks-iraq-war-logs-i_n_772658.html
I'll take what SS throws down. As far as <$5, you can have it, I'd rather go to the end. It's ridiulous to accept anything less for this grave a transgression.
Do it for your country, LOL! IMO
I tried searching wikileaks late last nite. Their site wasnt available to search for anything WAMU nor post suggestions (like HRollers links or ibox) due to site maintenance.
I definitely had plans to dig through them. Seems like their kind of story as well.
Another Debtor Obj to Claims: warning 211 pgs. I think I'll hit it tomorrow
http://www.kccllc.net/documents/0812229/0812229101022000000000015.pdf
yep thx. more from debtors long nite.
Name File
Size
10/22/2010 5680 Debtors' Fifty-Eighth Omnibus (Substantive) Objection to Claims 12343 k
10/22/2010 5679 Debtors' Fifty-Seventh Omnibus (Substantive) Objection to Claims
and this expert seems to be in of great importance to shareholder meeting. Could SS and team in depositions have got a BOD member to flip and spill the beans in exchange for x.
Would that be a dream. We get that vote slam dunk.
http://www.kccllc.net/documents/0812229/0812229101022000000000012.pdf Debtors busy objecting to claims tonite. Gotta ram that POS thru and cancel as much as they can to inherit mega millions - good luck with that.
pg 3 #8 debtors also saying WMI assets include common stock in WMB incl WMBfsb, it's "interest" in non-bank subs, 4 bill in cash
Why can't they just say what the "interest" is and where is our 4 billions they claim we own LOL
http://www.kccllc.net/documents/0812229/0812229101022000000000011.pdf
Debtors obj to us bank proof of claim
pg 3 paragragh 6 is debtors admitting that wmi owns "certain non-banking subsidiaries
SORRY my bad, thought this was new billingz. jeez.
Today was a good day boyz, come get your money.
OH BOY! SUSMAN and SOLOMON compensation
http://www.kccllc.net/documents/0812229/0812229101022000000000005.pdf
http://www.kccllc.net/documents/0812229/0812229101022000000000006.pdf
Minutes and Attendance today
http://www.kccllc.net/documents/0812229/0812229101022000000000004.pdf
Certification of Counsel regarding ERISA claims
http://www.kccllc.net/documents/0812229/0812229101022000000000003.pdf
noteholder motion denied is just darn great!! who's up to bat next for a strike out?
so debtors are saying that WMB noteholders should be subordinated, not dismissed. IS ole Rosey trying to pierce the veil hoping JW will give them a place at the table rather than kick them to the curb?
pg 2 end of paragraph 1
Im no legal eagle here, more like an ostrich. AIMHO.
YUP debtors busy tonite http://www.kccllc.net/documents/0812229/0812229101021000000000030.pdf
Isnt WMI investment Corp who debtors are trying to reorganize as after they attempt to murder us?
back to reading...........
Thanks, a greyhound please.
I wonder if we will see more tonite then from tps etc. They will not sit still for this tonite or tomorrow. Unbeleivable there will be some yelling tomorrow. This will drag on forever unless jmw throws the hammer down on this game.
He is trying to stuff this whole POS POR confirmation down everyones throats ASAP. confirmation votes first, everything else later.
TPS Texas and Blackhorse motions pushed back. WTF
also Tremaine application for compensation as special counsel to debtors http://www.kccllc.net/documents/0812229/0812229101021000000000022.pdf