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this link is showing default? am i doing something wrong?
they set nelson up to get the crappy mic. rosen sounded perfect and nelson's sounds grainy and cuts in and out. they set this up for sure.
they just didnt say which ass the arm was up lengthwise!
absolutely, without consideration they cannot get a release period! think they have a problem houston!
bingo! i think we are in good hands with sussman godfrey. i had left a voicemail at his office questioning this exact thing about releases being granted without any distribution and felt it was illegal. guess they got the voicemail!
"you knew mr smith that you are being carved out along with key officers to have a release to not be sued in the future for pre and post conduct. so what you have testified to and what you are testifying to today...you certainly understand you wont be held accountable for in the future with these releases? is that right?
he's nailing him on common equity. if they have no distribution then they cannot agree to any releases. but thats not how it was written. it said if no ballot was returned they have "deemed" to release parties from being sued at a later date. and since commons didnt receive a ballot they thought they had a slam dunk. i think mr. sergeant is going to show otherwise.
our mr. sergeant is one bad ass. he has smith againstthe wall on the opt out for pref and if ballot wasnt sent back was "deemed" to agree to release. you cant pend a release to the way you vote.that is illegal! they should be considered independently.
this guy is so lost and is speaking double speak and generalities to cover his butt. and now the "i dont recalls" are now rolling.
muzak gone and people are talking in background.
what i understood was that wmb and the fsb were both wholly owned subs of wmi. because no public stock was ever offered of the two and was totally privately owned by wmi. thats where all the questioning is coming from because they had no right to seize either the bank or fsb. only ots could make that call and fdic circumvented this process and just raided the whole bank,fsb,and holding company for assets to prop them up while the bk was taking place. and OMG! what hippie maude, welcome back kotter music is this? think they need an update on the muzak reel. jmo sf
wasnt it stated earlier in 2008 that the fsb was a wholly owned sub of wmi?
google call kicked me off. back on now. thanks
charles smith on the stand. one of those "move overs" from jpm to wamubank then wmi. me thinks he knows too much!
whoever sent me a pm...these facts were stated in court before the break that value could be lost in nols and tax code changes if bk not completed by dec 23rd-24th. the witness said it was the consensus of everyone involved in the case.
hey jummy! seems in the court case this morning alot of companies (lymric) are relying on a dec 23 or 24th end to bk by wmi or nols are drastically reduced. it seems the tax codes are changing for writedowns and reinsurance of rights offering. this is the end game wamuers imo!
i do not because when it wasnt able to be pulled anymore and gave an error message i deleted it. i wished i had took the time to copy it that day. i knew something was rotten but had no idea it was this sinister. needless to say i think the opposite when it comes to what the fed reserve says or does. seems to be the real truth when you think opposite. their motto seems to be " do what i say not as i do" and "please do not look behind the curtain because the real truth is real butt ugly."
it said washington mutual was taken into receivership and it did list the 3.1a.....the whole bank, etc. it was very long thats why i wanted to read it later because we were going out to dinner. it was a thursday and by 10pm it was scrubbed and had went to scrivener's error. the reason i pulled it up to begin with was because larry kudlow came over the tv and had a breaking news alert,that washington mutual was going to be taken into receivership soon. but i had read just the week before that the ots said they were well capitalized through 2014. i had also read where gs had setup a side deal between tpg and wamu for i think 4 bil and they had just switched their shares from pref to common. money was there.and jpm and fdic knew it. my opinion jpm was insolvent and needed an injection of cash and then stole everything they could from the holding company too. i think the bod of wamu "allowed" this to take place thats why there wasnt a filing immediately refuting the illegal grab. how better to tie up funding and assets than to make the victim prove what you stole? how much time could be bought with this move? and possibly jpm thought they could make enough money to get out of the hole when judgement day came. paulson. in his book said the takedown of wamu was a mistake. a big mistake that he should pay for because he ordered the takedown to save his beloved gs. gs shorted the hell out of wamu to make it seem to fail and gs made major money on the shorting and at that time gs was at 42.00 and not a month later was 132.00 i believe. they were insolvent like jpm and in fact charles gasparino said gs hit the fed window 100 times in 2 years for loans. that not the sign of a solvent bank at all. wamu and the holding company effectively propped up the u.s. economy at the onset of the 2008 generated economic crisis by the fed. they were taking solvent u.s banks and marrying them to insolvent fed reserve banks because the runs could be covered for a little while because the fdic was broke and only cared about their bottom line. washington mutual is never mentioned as the biggest bank failure are they? its always lehman. and jpm is scapegoating lehman now to take the peoples eye off of the wamu shareholder standoff in court. jpm will always be the victim in these cases because the congressional penions are held within jpm and will be taken care of. thats why i feel judge walrath is doing a dual disclosure right now. one for the public and the real one under seal. evals will never be publicly shown but we will get our settlement. the por vote was not only about the votes but much more about the releases. the shareholders know the truth and BR knows we know the truth. and i feel they are all about the "coa" motion before the settlement.because bod,fdic,and jpm and their attorneys have to be sure they are not held accountable before settlement ever happens. that is where susman has them. i have a feeling susman has the 3.1a but he's playing it close to the vest. his style is purely shock and awe. and when this little tidbit is exposed settlement will happen so fast it will make your head spin. and judge walrath is a very thorough judge. she is letting the opposition hang themselves. and i love all of the overruled things shes doing so she can hear the real truth from nelson. i feel we are in very good hands. i feel they will continue to amend the por so walrath will never have to rule. because if she rules then precedent is set for future litigation namely lehman brothers case coming up in 2012. they do not want case law on this case. so after wamu and lehman are "handled" then the frank-dodd act can then give fdic the "cover" to continue their raid on the american banking industry and possibly spread to american corporations and their "deemeda systemic risk guise." shareholders will have no recourse in bk at all when this happensjmo sf.
are you talking about the 3.1a? because it was made available on the website because i read it. it was multiple pages taking about receivership of the whole bank..etc. i put it on favorites to read when i got home from dinner out with the family. when i returned to read it later that evening it was scrubbed and scrivener's error was put in its place. thats when i started buying stock because i felt the fdic just admitted by doing this they f'd up. how could you take down a bank and holding company for 1.8 when there's 4.4 in a deposit? i bought those pref shares for $1. and also confronted chase about my providian credit card rates going up and demanded to see the bill of sale. because i knew providian was a wholly owned sub of wmi and no monies had changed hands. needless to say they never raised my rate and i have had a 0% card for the entire bk process. they earmarked my account because of this so when they changed it for everyone else they couldnt change mine. i had them at hello! they said that the rate would change only on future purchases...thats how they got around the whole thing of ownership. i also asked about the trademark infringement of leaving wamu on the front of the card but having chase on the back. needless to say that wasnt addressed at all. this whole thing is a scam and if congress and the senate's pensions werent held within jpm they would have already been in bk imo.
i think we've heard plenty back from them. i think you got your response with their "frank-dodd act." from now on shareholders are screwed with fdic "deemed systemic risk" companies, banks, and holding companies. shareholders will no longer have any recourse in bankruptcy court. the only ones that cant be touched now are our wamu and lehman because they are protected by bankruptcy court and laws and they cant go retroactive.
uz, i cant pm...but i wanted to tell you i bought a thing called a "chill pill" from qvc and it goes in the earphone jack on my computer and you can hear in stereo perfectly like you're there. it costs about $36.00 and its great for listening to the court case. very wonderful sound comes our of these little speakers and they have full sound and arent "tin" sounding. also so small it fits in my purse with my netbook! you can hear the pages turning when they are referencing exhibits and such its like your sitting right behind the podium. hope you try it. its great especially when cooking in the kitchen and listening in at the same time. they broadcast very well. hope this helps. sf
oil i justdid it it works great!. if you have a google account go to googlecall. download the thing it says to. it will ask you area code and or a possible number to reference. justmake sure its your area code. once you get a number, it will ask for a home or cell number to contact and give you a 2 number code to reply. do that and its setup. go to your gmail account and look on the side tabs after setup. click call. a number pad will pop up. call the number like normal and your in! its awesome i can watch investorhub responses while listening in all together. thanks uzualsuspact for the info. it is working great. and its free! it tellsyouon the number pad if there is acharge but there is none.
i cant private reply. just one question..when you sign up for google calls it asks for your number. does it charge that number for calls or do you just use googlevoice over the computer to call? and why does it ask for your number?
does anyone have a link to yesterday's court fireworks audio? thanks sf.
i thought tps had something today and susmans turn is tomorrow. judge signed the motion for tomorrow at 930am i believe.
jerle's using the thesaurus again!!! malfeasance = BS!! afternoon jerle. going to be an explosive day tomorrow. susman's in the house and has the car keys to the monster truck ready to crush rosen and company! *<\:)
hide and seek is better!
not only that but the subs of wmi that were rolled into jpm and chase, that were never shown, because they were the holding company's property not wamus, will also bring us into the money. this show is just getting warmed up. rosen's losing the nol argument because any return comes back to the estate period. the 4 bil deposit is being held outside the estate.fdic is "claiming it" because the simple fact is if it is returned in "plain sight", the fdic goes down just like in the savings and loans scandals they orchestrated during feingold/mccain era. they had to return them because of corruption there too. the irs refunds are in another account.they are compartmentalizing these monies to keep the "huge bundle" out of sight of the commoners that cant add, and the american taxpayers that are going to end up footing their bill. if this case were nothing it would have been over the first 6 months. if this case were nothing we wouldnt have seen the violent manipulation of the stock in the last 2.5 yrs. and congress certainly wouldnt have changed legislation to cover their asses for future takedowns unless this case is the "mammoth case" i feel it is. yes geithner....there will never be another wamu. but the wamu thats here must be compensated for their losses and shareholders must be made whole again. the only case that is in court is wamu the bank and rosen is bringing the holding company into the fold, like he's taking that too. well if he takes it he must pay for it...do i hear 115 to 160 a share for the whole ball of wax to get rid of this case once and for all? could be since the fdic will eat this case because of illegal seizure of a holding company and scrubbing the 3.1a on the first day. they were caught immediately and they knew it. this whole case has been a smoke screen from the beginning and jpm is squatting in wamu's banks, foreclosing on homeowners that they have no right to. they have to settle, to obtain ownership of the mortgages they "assumed" from wamu. isnt that why deutsche bank is suing them right now because of fraudulent conveyance? jmo.
i think she pretty much said there....por is dead, but if you want to settle now i feel its your only option and its better to settle now than to push yourselves right out of the deal....because the trial, the assets that were stolen will be revealed, and susman is waiting in the wings to do what he does best...jury trials and coporate fraud litigation! better to settle now than risk opening pandora's box and paying much more later. with tracadia going forward on nols i feel rosen has no choice but to settle now. judge steered rosen into a boxed canyon with one way out and its going to cost a very hefty price tag imo. happy turkey day wamuers!!! God bless all your families.
blackstone is cover for jpm. they work together. valuation is not worth the paper its written on. jpm has hidden behind blackstone before.
funny how the fbi just raided 2 hedge funds in ny and 1 in boston for "insider trading." looks like they are setting up the fallguys to deflect from the wrongdoing by jpm. how better to showcase the failing bank than to scapegoat the hedge funds for downing the stock to make wmi seem to fail. and fdic and jpm were the ones doing all possible to come to the rescue...all rainbows and lollipops. meanwhile gs and jpm get away with the biggest heist in american history on the backs of taxpayers! shareholders will be paid or this will get ugly. and i think it will be thanksgiving. with the looming trial and north korea starting up with south korea...perfect cover for jpm and fdic to settle imo.
or thanksgiving!
nothing these jokers did was a mistake it was a misstep. they will never admit fault they will pay to get out of the situation. and pay big! do you think kostoros would be coming clean now if he wasnt in a pickle? sheila bair is one dumb b that has contempt for free market system and feels she is GOD of the banking industry. well false prophets fall hard and i feel she will be the first. this was all premeditated they all wanted a piece of the action but failed to inform the shareholders of their plan? we will hold them responsible....and it took the DD of this board and the sheer determination of our conviction to make this thing happen for the good guys. great job friends!
where have you been? is this not what we've been saying for two years? rosen was supposed to be working for the estate but in fact colluded with wmi bod on behalf of jpm to out the shareholders. that is why they need all this cover of darkness in asset hiding and release from liability. he is not working for shareholders he is working to steal the company from its rightful owners..the shareholders. shareholders have a right to replace these clowns and we are fighting for that. rosen and the bod are in collusion with the fdic to down the company and split the spoils. shareholders will remedy that. jmo
that press release was for the commoner to see. check the true copy of the examiner's report and in the footnotes it says that wamu was solvent! that press release is a "CYA" release not factual.
better hope they settle soon. republicans coming in can make an example of jpm and pin it on them for the crisis and manipulation to get tarp and backstopping so they and gs didnt go under. jpm cant file bk they dont own anything. they've stolen everything and are currently squatting in wamu property. they never inked the deal.thats why the mortgages are backfiring. they thought the robosigning was going to get them through. nope! gotta own the title before you can sell it...its the law. jpm hasnt made any money . wamu assets and wamu home loans have propped jpm for two years. major windfall by what jaime dimon said. negative goodwill? yea...easy to get negative goodwill when you havent paid for it yet. everything's a gain. but not for long! and check ben mason's filing on kcc and pacer that will enlighten you to the hidden assets yet to be priced that were stolen also as subs of the holding company not the bank. jmo.
wamu rejected it because it was blatant low ball offer for the prized company jpm had always wanted to acquire. this wasnt sincere this was a threat. just like paulson said ...you should have taken the offer. now we will make it hard on you. sounds like a threat and promise! the illegal takedown and gifting of wamu to jpm will be rectified. jpm has bloody hands and are going to pay. just like bofa had to return 500 million in deposits of lehman,jpm will also have to return subs stolen from the holding company. and lets not forget the 4.4 bil deposit that was there when it was taken down. 2200 banks and 5000 atms for 1.8 bil? get real! jpm and fdic are in quicksand and are going down fast. only hope is a settlement! just like the settlement with mortage foreclosures so they can coverup that fraud also. jmo.
love it, love it, love it! strike. jpm will pay and pay big!
it was estimated in 2008 (when wamu was stolen by jpm)that it cost aprrox 800,000 to 1 million per bank branch to build. well how much would 2200 cost with soil and air right included? most banks are built on leased land today. what do 5000 stand alone atms cost? what does international trademark and patent infringement cost? wamu trademark on the front of chase cards (stolen providian property) and occasio patent on bank layout stolen by jpm for configuration in their new banks. what is all this worth and we're just getting started.... what about all the IRS refunds due wmi. they are talking 5.7 billion for just 2008 right now. rosen wants people to think this stock is worthless. this stock is the holding company stock not the bank. and the last time i looked fdic had no authority to take down a bank or holding company. he is rolling the whole corporation into this transaction but the bank is the only thing being sold. the last time i looked the holding company was not for sale. and if they want to squash wmi for good they are going to have to pay for the entire corporation. rosen is compartmentalizing everything...ie: irs refunds in this box, banks in this box, holding company subsidiaries in this box, deposits owned by wmi in this box and none shall be seen together. they are holding these assets separately so the dunces of the world wont see the whole picture? really???????? rosen do you think people are this stupid? we are not a bunch of homer simpsons but you are going to be someone's marge real soon if this is not settled! jmo.