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Know something or key to cheaper shares for U.S. concerns trying to get in this morning. Believe in Susman and crew they will not let this go without a battle, if it is even needed here. Justice I believe has had their fill of the FDIC and JPM shenanigans.
Yes the criminals are all around us and making the rules of the game so it does become more difficult these days. The only system the citizens have left is in fact the judicial bunch in hopes they have not been yet affected or bought by such wrong doings and acts by the most wealthy among us. It is a Goldman world.
Is it possible there can be parts of a settlement and others to be determined here for the differring aspects of HFIT among other details. Partial settlement then a to be continued settlements on other items, perhaps?
Thank you never again, I kind of figured as much. To me that puts a question on total valuation and its validity overall, such as the mysterious Asset List that cannot seem to be produced. I fail to see how a legitimate Judge can let months of a bankrupcy case go on without the inital Asset List of what in fact was purchased or stolen. I see no validity to this case without it.
Wonder why they are not suing the heads of Fannie and Freddie too and their families. HMMMM... seems they can lose money hand over fist and have no scrutiny given by anyone but Grandpa McCain. Hey let's sue publically Fannie and Freddie over their failure to provide proper services and sustainability causing the possibility of economic collapse.
Is there anyone here who knows how many phantom shares are outstanding in WAMUQ? Is there a short number out there where just paper exists for the trade but no cert's delivered? Thank you.
Makes sense to continue to continue a mess they all cannot get out of. I would continue the same thing too as I would not have any answers to get myself out of the hot H2O these folks are in here. Yeah let's delay this some more so I can come up with a more plausible answer or lie.
I do not know anyone who shows their hand at cards when they are playing the game or in a tournament. SS let's folks hang themselves is why he is so darn good. When your adversary knows nothing but lies and cheating and cover ups sooner or later those Sallies sing like canaries and documents come forth. Let them give this information to the Honorable Judge and say nothing until it's time. I will serve no man before it's time. Clock is ticking now folks.
Does anyone here think that the olive branch forthcoming from JPM/FDIC partner during the OWS scenario will come into play. In other words the settlement that we all feel to be coming here will make them feel more worthy in a larger payout to eliminate the scrutiny being placed on all financial situations due to the OWS crowd? Anyone think the settlement may be huge here for them to attempt to come clean with the American public at large?
I wonder how this claim works with the total fraudulent conveyance scenario. If they were elitist in this fraud right in court can you imagine the illegallities during their robbery errr take over of WAMU. Things that make you go HMMMMMM.......
The day he said commons would get nothing and the stock plummetted he never received any punishment for that day as usual rich guys walk and get away with stuff all the time. Nothing new here. He should be responsible to pay back all those losses that HE caused by his single statment at that time.
So they are being crooked even while being judged as this whole thing being crooked to start with. Nice find let's bill for POR7 even though POR6 has not been discussed yet we'll rape them some more. What a openly blantant misuse of funds.
Yes you probably are correct here. Although the unsavory dealings by the SNH's in this case are causing them to look for a way out of this mess that they helped create but will NEVER admit it openly of course. So now their plan of action will be that it's "Too Big to Go Back" so the crime did not happen and the unscrupulous behavior never existed by the SNH's we are squeaky clean because if you come after us then the "Too Big To Fail" comes into play again and would cause devastation for the failed economy as it is. Playing the sympathy card as billionaires with our money is their ploy here. "Hey Judge you cannot rule against us even thought we broke the law to do so now would cause more harm than good, let those long time shareholders eat crow" That is their cry I am sure of it. They cannot lose one penny of profit here, that is their modus operendi.
Because JPM had no presence on the West Coast this takeover with help from FDIC was able to assist JPM meet this goal of theirs. Nothing more nothing less. End of Story hence here we are.
This company was under three or four separate company names, must not have done well in those now into Gold brings investors in to buy in to this now. We'll see, sidelines watching here.
I wonder if the Hedge Funds thought WAMU was a problem bank and investment and how many had their money their prior to September 2008? That would be worth checking on.
Of course it is going on there is no punishment against doing so and no one gets in trouble for it. But gosh forbid you or I do it we are in the slammer with fines.
Not a truer word has been spoken on this board in months. I second those remarks.
Seems strange that if we all know the bankrupcy and buyout should have never occurred like it did then why cannot the Judge simply make a common sense call on this. Gosh knows she has enough evidence to hang a commoner here, so why does she hold back on this one. Too many rich folks involved I guess. Different decisions based on people checkbooks, not what is right or wrong anymore. C'mon Judge use your weight to actually make the common sense decision that we all already know is there.
Chiron good one I forgot about that one. "It's in my nature" to lie.
Why financial institutions are not being put in prison for their crimes. See link: Hope Moderators are kinder to me this time as it relates to all of is who invest our money especially in this stock.
http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/09/14/william-k-black-phd/why-nobody-went-to-jail-during-the-credit-crisis
Does it matter if their trades were only in common shares or preferred shares as to whom would reap the benefits to their crime? If bought commons then $$$ goes to commons etc. etc. Or does it matter at all?
Does anyone here know if the FDIC and JPM made other bank steals after WAMU fiasco during 2008/2009/2010 with other takovers or bank robberies? Did they stop at WAMU, then that tells me JPM wanted/needed the presence on the West Coast and that is the gift they got from FDIC. These are the folks that should be on the target for us, they are the culprits here.
He had him at Hello!!! "If you're not inside you're outside" great line. Hedgies you listening boyz?
I am picturing myself accepting a position in a large Hedge Fund group and I start my training session with those with more experience than myself. Now Mr. So and So here is how we do things around here, and this is really what we do. Call this person and get this inside information and then contact this guy at JPmMMMm to nail down the timing of the deal, then let me know what you have found out and we'll pull the trigger at the proper time and place. Now you got that right plebe? Yes sir but is what you told me legal or not? "Listen boy, that is none of your business and I am trying to teach you something here so pay attention to me when I say this", "If anyone asks you I never told you these things and I will deny it until the end of days". "Do we understand one another, heck you getting paid $1 million a year in bonuses for making this happen and taking advantage of those poor slobs you used to be". "So if you want to go far stick with me and you'll be just fine", but remember I never told you squat about these transactions", "Now get to work before I fire your AZZ".
Yes that may be true but they also have to consider their names being dragged through the mud and much and all those nastly little details that will or may come out on their company and its improper moves. If they want that to become public knowledge and don't care about their reputations then they can drag it out. Most folks want to leave things in closets so they can continue to do the things they do quietly and just go away type of situations. Here though you may have both types going on here. To me the way things went down all the FDIC and JPM and Hedgies that were involved and that law firm have a lot to consider here to let the unknowns become known in open court if dragged out. Not sure which one benefits shareholders best at this point.
Ahhh 30 million shares traded today and small movement no manipulation here folks, nothing to see here, you can go home now, there is absolutely no manipulation in our market place whatsover, don't worry we are handling any issues you may think may be occurring but are not real.
The old saying used to be if you can't beat em' join em'. But in this case and this day and age you have to be an elitist and billionaire to join them and you never can beat them unless you take them to court which in a lot of cases are also bought and paid for but put on appearances although they are attempting to do the right thing for our cause but in the end rule in favor of the rich folk. Never ends.
"A plan everyone is comfortable with" How about shareholders who own stock in this solid firm were they consulted on being "comfortable with the plan being developed" or not. Was consideration given to these shareholders or not? Why an emergency takeover necessitated by what reason? Because JPM neede presence on the West Coast immediately? Or a favor was due to JPM from someone or some deal? What do you know think of you're plan Sheila? How did that work out for you? Would you do the same thing again and destroy people like you did here? Are you always that ruthless with other peoples money? What did you gain by this operation, oh excuse me "Plan"? What other bidders were granted same methodology as JPM was? What other backroom deals are going on now for new takeovers? Oh you don't do that anymore? Why? Why did you not wait so WAMU could assist itself with the upcoming TARP funds being distributed? Is it because only the golden few could reap or rape the benefits of the TARP program? What gave you the right in the first place to even start a conversation about a bank that has been around longer than your grandfather?
Makes perfect sense to me the super rich making the super rich richer in America. Yeah baby way to go super rich folk you all hopefully get what you all deserve and God knows what that is. Those who are first will be last in Heaven if they even make it outta hell.
Again the Honorable Judge must let the Rosen crew have their say in court so in no way can they ever say she did not allow them to present their side of the case good, bad or indifferent. As most of us know Rosen's smoke and mirror tactics she allows it to leave no recourse for their side to come back and ever say she was not fair to their case. That is just my humble opinion. As with some of their ridiculous repetitive statements she seems overall bored with their spewing comments that are unwarranted she deals with it and allows it to be fair to all parties. Hope you all have a great Sunday.
It gives the administration the authority now to downsize the FDIC and the corrupness within it and major banking institutions that rule the roost. Pressure will be brought to bear this time to become the poster child of what not to do in a corrupted bankrupcy proceeding. That is what I think.
It is somewhat funny how quick the takeover, robbery, buyout happened, but yet to find one guilty of wrong doing when it is plain on the nose on their faces without any shred of testimony or files and appeals. What is it that the rest of the legal world finds so complicated when the robbery was so easy and quick??? That unto itself and the complications where we are now tells anyone with a brain that there is no way they could have made this robbery so quickly and correctly at the same time, too much involved. That tells me there is guilt and tells me it should be settled much, much quicker than this scam. We are all being ripped off twice and more here.
I truly think the only solution here for all parties is to redo the deal. Go back and take true value of what the company was really worth and offer to JPM at its true value. If they accept and pay the real price for this company then part of the deal has to be to pay the shareholders of record plus interest or shares in JPM at full rate and at full amount of shares held.
If they refuse then the company and it's 2008 value plus any available TARP funds given to JPM come the the shareholders of record who form their own BOD within six months. They either start up a new bank under a new name or sell off the true assets to any intersted true firms who are not out to rob them like JPM was with the FDIC assistance.
So either way shareholders down to commons get their true value back or a part of the new company with equal shares and none being cancelled by any means, that has to be part of this deal.
Then a criminal trial can be pursued to put rich crooks into prison where they all belong.
Don I sat next to one of our fine soldiers the other day on a plane trip and he was on his way to Afghanistan leaving two small children behind and his spouse for 13 months away from home. He was so young that I hopw what he sees and witnesses don't cause him harm in later years. I feel for those young men and women each and every day and their current plight.
No one make no mistake about it, yes we have many more economic issues at hand now but they all started with this type of BS being promoted by the most wealthy among us. This does not make this a go away issue nor or illegal issue either. We still have laws that pertain to such matters. All is not thrown out here because of current economic issues being encounteded in the world. This is a reason that we are in the condition we are in here in the world, where certain rich folks thought they are more desvered than others to reap the rewards of money making and they were wrong and broke laws to do so and made it seem like it was not breaking the law. This in the end is a very simple case with a lot of money involved. Do not feel guilty at all WAMU supporters, they have ripped off us and the U.S. system and it needs to stop now, not later, we just need a judge who has the balls to put a stop to this type of insanity. Once that occurs the U.S. will rebound to it's hey day's believe you me this is the crossroads at which all monetary issues will be judged. Total illegal takeover of a 100 year old banking institution whereas JPM takes control of THEIR weakened West Coast presence and where they needed this to occur through collusion with the FDIC their buddies in all of this. There must be a court somewhere in America that understands what crookedness took place here and here's the arguments in relation to this illegal takeover of WAMU. We are at a crossroads here folks, and make no mistake about it, investment or not it matters not, what matters is the rule of law we live by in America. That no one billionaire is bigger than the law in this country. If this fails then our country is totally gone and there is no use in voting, or believing this is an America we can believe in anymore. We my as well move to a foreign country, just name one who gets American aid. GLTA here.
Run on a bank, now where in the heck have we all heard that little item before in 2008? Hmmmmmm....... JPM worried about how they do business, the kettle calling itself black now, very interesting, if true.
Especially when he has been caught lying and being fraudulent in her courtroom you would have thought she would throw him out the door herself. But if he lies in court no reason he would not tell Dimon, unless Dimon has requested not to know so he can stay teflon like.
Hedgies train to rip off people and make money for themselves and their richest clients, they never expect to get caught at it because they can just buy their way out of a jamb. They never learn how to testify in a court because they are thinking that they are all above the law being rich and all. So there you have it a cry baby wanting his mama now cuz he can't get his way any more. Ohhh toooo baaaaaaad, I feel so sorry for you now, NOT.
JPM has no clue that in our world they are deemed as rich crooks and most of the world, yet they think they can give back money then sue them back for it, they have the gaul and killeones to do this, does that surprise anyone, that they give from the left hand and take from the right. If this does not tell any Judge with common sense how they openly do business this tells it all.