If they choose to settle a claim, after validation or determination of nuisance qualification has a number attached and that number goes into the valid or to be paid list. Arbitrarily, without preliminary investigation, just deciding to pay a claim is or should be againts the law and certainly doesn't smell like fiduciary duties. Unleash the fifth grader.

The dynamic qualities of these claims is approaching the status of perpetual motion. As of yet that is impossible so there must be some external force moving these claims around . I bet it looks like Rodent.

Again, I understand its the debtors fault and I believe that is because he's involed in a deceitful game while the court is expecting him to and taking for granted he is behaving like a lawyer who takes his fiduciary duty seriously. Once the court figures out his playground antics hopefully they find the legal equivalents of the elementary school 1,2,3 no changes rule . Or perhaps dare I say, see to it that a real attorney is appointed.

Stop the scam for dummies:

First adherence to the law is first and foremost. You will need a law degree.
A law degree and a child from the 5th grade can solve this.

Gather all claims, 1,2,3 no changes.
Investigate & validate or dismiss those claims. 1,2,3, no changes.
Tally the valid claims , enter total , 1,2,3, no changes.
Gather and disclose all assets. 1,2,3, no changes.
Valuation of those assets, enter total 1,2,3, no changes.

Fifth grade math problem : subtract liabilities from assets. ( those under age 8 can use a calculator)

That appears to be different one. Every MOR has had a disclaimer that said basically- here it is we've done no accounting don't rely on it and weren't sticking by it.
Yet this is the vehicle rodent uses to disclose MNPI .

Them caught IT-ing HF thinking like this maybe

Sometimes, less is more. A cliche that fits extremely well here.

Honorable is as Honorable does .

Also Works for the opposite ie dishonorable

and stupid too.

Thanks Forest Gump

Isn't that true of any holder of any stock and that also true since the inception of the market. Holders are in it for the money.

This one seems to be different though, for some there seems to be a Passion, an education, a longing for justice, and a rare glimpse behind the curtain of what's really happening .

Perhaps you're not realizing how this theft has caused harm to every human involved with the economy. The criminal acts that have transpired since the petition date have harmed all holders.

Lmfao

Oh yea that's real interesting ! Thanks

Slightly OT, but I sure could use some help wrapping my head around this one.

Jpig inhaled wamu, 391 billion in secret loans from the fed, plus tarp money and they left a trillion worth of liabilities off the balance sheet. AND THEY STILL ARE CRYING POOR.

BoA appears to be in bad shape and liabilities are close to being above assets.

Now our wonderful government in its infinite wisdom wants these two idiots to merge and is planning on not only throwing 100 billion of our taxpayer's money into the deal but also suspending the laws preventing such a huge entity. WTF?

The government expects this new entity to sell off its assets ( uhh remember that liabilities are close to assets) in order to get into compliance. If they sell these assets, what will be left other than the combined massive lot of various liabilities with even less assets to off set them.
Perhaps that's what the 100 billion is for.

Also being reported BOA common shares to be canceled in the merger.

Buffet bought preferred shares @ 100,000 each and with modifications to the terms to better suit him. BOA must really want buffets name and really need his money.


I can't see this being good or anything good coming out of it. Nor can I see how ignoring a specific law can be beneficial to the financial conditions of the country that law was designed to protect.

Maybe I'm missing something here

Uhhh- that was "if TPG gets paid , a big hammer gets paid"

Of course , I see that clearly .

Where's susman, Where's susman Where's susman Where's susman
Susman needs to show up, susman needs to show up, susman needs to show up.
Oh oh, susman is on the take, susman is on the take, susman is on the take

Sorry I missed that logical part the first 199 times

Do they have a name for what is wrong with you?

If she was bought, her decision would be complete .

She maybe caught up in some moral issue here. Knowing what's the right thing to do and having it be full of ramifications or being different from what you want to do.

I'm a long way towards making a decision can only be taken one one way asumimg no code or riddles. When completing any task, significant progress has been made its just not done as of yet. Again assuming no code or riddles , not being any closer means the arguments didn't help sway or steer her task in any direction because nothing much was new however annoying or riveting it may have been.

Several days of hearing transcript and written closing arguments along with applicable case law research is what she'll be looking at. This same information is available to all who wish to look.

The one and only life preserver the hedgies had is this whole ethical wall issue. As ineffective, cheesy and cone of silence-esqe that is , they said themselves that it can't be maintained. They could have argued that its impossible to breach the ethical wall they had in place but they didn't .

Thanks catz! Mods should Sticky this one

Does it really matter how many times they reconstituted a bogus claim. There has been zero investigation into that claim and iirc its only 54 billion , 27 fdic 27 jpm.
It's completely bogus and its sole purpose was to add the illusion of validity upon the gsa and the fraudulent distributions to both the fdic and jpm .

Expecting something much more scathing than


Bailiff, whack his pee-pee

What we know is this :
There have been discussions about the future of WaMu done under confidentiality agreements and the details that have emerged are sketchy at best and at worst contradictory. Speculation varies widely to wildly as far as the future is concerned. There have been negotiations done in bad faith and hopefully that will be rectified soon. The stated value of the emerging company is under scrutiny and most evidence points to it being worth much more than what's been publicly stated.

This stock involves the entire laundry list of possible white collar crimes, plus conspiracy, murder of a corporation, government agency involvement and corruption, redacted documents, share price manipulation, and insider trading and possibly treason.

its kind of difficult for the media to put into print "Holy 5hit! Wamu Shareholder Were Right"

That's an interesting way of seeing the situation.
Either they broke the law and pay the consequences or they have forged a pocket of safe harbor within those laws that allows this conduct and profit handsomely.

Depends on the judges ruling ? Or the DOJ ?

All 4 vs just the two mentioned and going after as in legal bean bag squeeze .

Yea, think they are all " Q" s.

Good gravy pennies, few months ago there was a deal. Catch up

Your honor, it is simply not fair to penalize the parties _ because they believe they did everything correctly and adhered to their contractual agreement.

It doesn't matter what the laws stipulated then right?

One of those two needs to be responsible, coyller will allow a start at the digging , discovery, and " just exactly what jpm bought for 1.88 billion". Hopefully that leads to a complete asset list and maybe even the 3.1a not just this 10bb issue. That's really all we shareholders want or needed since this started. If Mary won't get it done, let collyer do it.

I see what your saying about another 10b burden on them & I'm sure they will use it, but in all practical reasoning it needs to be decided. Then the next thing and on and on. Someone needs to pay, dismissal of the issue would only send the message that they can continue the thefts.

Any pressure on these two is good I think.

Every day for around the last 1000 days

Charts,,,,an interesting one would be to see an overlay of dates that coincide with the meetings the hedgies had over the past few years .

Charting this stock is great to see where its been , not to good for predicting where its going . Maybe its fun? idk.

Borbash's links worked for me.

Conversing with drag is just like talking to JW isn't it ?
Basically regurdgitating the same crap that rodent spewed.
There's lots of facts, and as far as those that stem from rodent, well everyone should question the validity of their content.

Fact is rodent said it.
Fact is rodent is a liar.
Fact is rodents facts are skewed
Fact is rodents facts are back by disclaimers that proclaim unreliable information.
Fact is rodents facts are not facts at all.
Fact is restating rodent does not make it true.

My wag:

Judge Mary will stay the confirmation process until the issues that fall under the "Stern vs. Marshall" ruling have been decided or settled. This saves her the ordeal of ruling against the pos por, a recant of her fair & reasonable, gives the DOJ to investigate & possibly prosecute the IT evidence, gives them more time to reach a settlement .

ANYTHING TO SAVE HERSELF THE TROUBLE OF RULING.
If she rules according to law & evidence the por will be denied, and the process starts over with these glaring stern issues still there. If she rules and approves the pos por it will be appealed based on stern issues not to mention all of the eyebrows that will raise.

That's my wag but , I don't know how that would effect the share price.

Based on the fraudulent and or misrepresented information and blatantly ignoring everything else on the chart that clearly has a value greater than zero , the stated payout is 7.5 billion.

That's fantastic and eloquently stated reasoning to support exactly why transparency, accountability, and disclosure are needed or the lack of those are the cause of many problems, including WaMu.

You have heard a financial statement rendered impotent by disclaimers that no accounting has ever been done. It states that investors should not rely upon it.

Ones approach at solving a problem is generally determined by the analysis of the ROOT cause and that is greatly influenced by the experience level of those analysing.

The people aren't the problem here, the lack of funding isn't the problem, the rich aren't the problem. Imo , the root cause of the problem is lack of transparency, lack of accountability, and lack of disclosure. Correct those three issues and everything else will seek its own solution. Eliminate those three things and we have something very similar to our current situation.

If the coffers are low, and goverment corruption is in the news , and the finacial experts can't devise a budget, the first action should not be to ask for a tax increase. The symptom is low coffers, the problem isn't insufficient taxes.

That is the trouble with any complete reorganization or renovation. Durring the process, it is essentially nonexistent. A small scale example would be remodeling your bathroom, its basically useless until its completed. Imagining a "remodeling" of the country is mind boggling.

The revolution was against Britain, but Britain was providing the infrastructure and the resident government on American soil, as primitive as it was. Im not sure who's providing the resident government today, it is supposed to be "by the people, for the people" but it doesn't appear to be that way any longer. Could the only differences be the people? I think not.

There is a lot of truth in your last few posts, and those truths are exactly what led to the Revolution, the Declaration of Independence and the Constitution.

Disregard for the Constitution will negate the Declaration and those both are likely to cause another revolution

I have to agree, its a very rare instance where a slimy attorney doesn't have an escape plan. The twist on this one is that rodent and ss are supposed to be on the same side and both maximizing the value of the estate. It's all quite interesting.

Normally, true adversarial lawyers wait until the last possible moment to surrender their clients money, understandable. No sense to spend any money until its absolutely necessary and all possible technicalities & avenues are extinguished. It's all very different in this case when an individual choses to ignore his fiduciary obligations. Rodent switched sides, and effectively stabed his client in the back, now he has only two choices. Reassume his fiduciary duty or face the consequences of breaching them. Both have serious implications for him and neither one has a favorable outcome from his viewpoint. And choosing one may likely bring the consequence for both anyway.

Interesting to see what he will do.

Do you have any links, or old posts discussing this. I certainly don't remember it.
Perhaps a mm/dd/yy time frame where this discussion took place.
Another poster said that this info was contained in BR's bio but has been removed.

What's fascinating about it is that the story is getting out into the media.
Treason charges being filed would be the best thing for this country confidence that the constitution actually means something.

Just about 1/2 way thru EC filing, I highly recommend taking the time to read it it's an incredible document.
Should be titled "here's exactly why these people need to be investigated, indicted, & incarcerated"


Also seems that jpig was not being completely unreasonable in its negotiations based upon its term sheets and had a much more logical and legal approach to reaching a conclusion. However following that approach of jpig would have eventually placed assets far above liabilities and led to equity getting something.