How many times have we seen them fishing for stop losses? Couple hundred maybe.
if you set a stop loss you got what exactly what you wanted.

Cleaned out at a loss, you should be done then. Or are you going to get back in? Set a buy down low so you win on these fishing trips.

4/21 is the day I registered on here - Alias birthday .
My actual birthday is 7/4 .

You need to get caught up on things.
At hearing she stated "I don't want anymore emergencies " when talking about the 4 billion deposit. And in her infamous. " fair & reasonable " opinion, she said that it could harm jpig. THOSE ARE BOTH FACTS. & just a few days/weeks later jpig announced the bonuses being given out.

You are correct and couldn't be more so, the judge shouldn't be worried about that but she is and said so herself.

Jpig apparently needed 390 billion to stay afloat, they need to be busted up and the world will be better. They're like a huge shop - vac sucking the wealth right out of the economy. Some of it fill in the deep holes and some of it is used as temporary props to keep it going.whatever the do with once it's been sucked up doesn't matter because its just gone, vaporized.

Oh good then I wont be there alone

Well if there is that much corruption, all is lost already and there will be only one thing for every red white & blue American who believes in the Constitution to do. The choice will have been made for us by those who are corrupt.

Betting on the end of our government or the world isn't ever a good bet. You might be right with your bet but at that point all bets are off & it doesn't matter any more anyway.

You know it seems there is a broad multi angle attack against this corruption going on lately. You need to read between the lines but there is alot of it being outed and alot of trying to keep it hidden. The activity level is quite elevated lately. I'd assume those hiding are the same that have been ridding dirty for along time and those digging are all part of the same movement to correct the problems. IDK, just saying.

GFYBRUCSMFPOS & YMaW

You're right voodoo, susman isn't going to let it go and just stop. He's got the goods on everybody involved. If and this is a very hypothetical HUGE if, but if libr decided to approve rodents pospor as written the appeals levied by susman would be devastating because she would be in violation of multiple laws herself and ignoring the written law.

This is starting to get fun! It reminds me of watching starving rats sizing each other up for dinner and survival. Who's first, then the frenzy and there will be only one left at the end.

There's soooooooo many things wrong with the WAMU situation. so many we see clearly now after these hearings instead of guessing, so many questions still to have answered .
This thing needs to have a wave of retribution travel to every csmfpos with dirty hands. That fed audit has my blood boiling and I've been shining up my pitchfork all evening.

This shouldn't be so puzzling any more.
Rodent is a shrewd lawyer, he's good at it but has no loyalty or ethics.
Insert Lawrence's congicals for money analogy here.

Apparently during this confidentiality agreement period, someone convinced Rosen to switch sides and that's when he started lying. He's been lying ever since and can't stop now. he also knows how and What to say to avoid getting caught by parsing the English language.
Rodent stated "equity is out of the money " which technically means what? That there is no money for equity? No he doesnt say that " there is no money for equity " just that equity is out of it, lying by omission of because we've constructed & fabricated scenarios of the waterfall stopping right there.

There has always always always been money for equity, right from day one on the first paper filed of this case, 32+ billion assets & 7+billion liabilities. Equity is out of the money because he said so not because its not there.

Money doesn't grow on trees, nor does it just disappear. Its even hard to hide that much money. But its easy to say oh 54 billion in claims, MARTA, ect. Thats also lying.

Centerbridge has ties to the POTUS and white house..
http://www.whitehouse.gov/administration/advisory-boards/jobs-council/members/gallogly

And BLACKSTONE! !!!!

Here's how they got there & what they do.
appointed by the president & and report directly to the president.
http://www.whitehouse.gov/administration/advisory-boards/jobs-council/about

Thanks Kevin !

Now what the hell is going on, or coming unravelled.

This should get forwarded to the EC and that blast email viva has.

The CEO of one of the hedge fund that admitted to trading Washington mutual securities on inside information Centerbridge is an advisor to the president of the united states POTUS. Also strong ties to the firm generating valuations and financial reports for Washington mutual via WGM and A&M appointment, Blackstone.

Jp morgan received more than $390 billion in financial assistance from the Fed.

16 total trillion total was lent out ! !

That's a whole lot of tax refunds that shouldn't be.

Ok, Jamie's 390 Billion must be part of tarp, correct ?
now I heard jpmorgan got 20 something bb from tarp and repaid it.., correct?
Did he take 2x bb tarp $ and borrow from the fed again to repay it?
Tarp was 750 billion, correct?
Jamie's bank alone needed more than 1/2 of tarp, correct?
How many bb did they give out in bonuses since Sept 2008?


I say no mercy for jpm Morgan ! ! !
Jail for the masters and un wind that institution of ill repute! !

They're that freaking huge and financially unstable with too big to fail status and willing to break any law ever written, beg borrow or steal to stay afloat.

Holy crap no wonder why the fed didn't want that audit. Hopefully this triggers restaffing an yearly audits. That's crazy.

What's the national debt? And They lend out 16 trillion

They, being the government, took it because jpig was in big trouble and needed that liquidity . WAMU didn't play by the same rules as wall street and had a huge market share and the timing was perfect to take it off the grid and prop up jpig.

FDIC and jpig both said "at no time was WAMU ever insolvent " Henry paulson said "taking WAMU down was a mistake." Why cut equity off?

Ok so why take it then, why rig the bid for jpig, why sell 307 bb for 1.8, why disregard higher bids, why didn't the FDIC get the most they could for it. Why hide what was sold, why hide what's left, why discard all of the the litigation, why are the all inclusive & ever reaching releases so important? Well it don't take a rocket scientist or Picasso to connect the dots.

Damn near three years and its finally starting to coming out in court.

Their (hedgies ) plan seems to be remove intent or eliminate the possibility of someone providing the intent factor to the illegal trading and thus avoiding jail
Yea there will other forms of financial restitution due from the hedgies but without the intent its Not punishable by prison. Sec law


Now I'm Not sure who the hell would buy their claims but short of begging for mercy its all they Have once susman walked away from the settlement and re scheduled the depos.

I hope its not until I'm done buying! ! !

It was during cross examination of kosturos, Friday.
They also referred to December hearing testimony .

Kosturos's last comments were about 3-12-10. He said the details were worked out just prior to rodent speaking. And said the SNH hedgies weren't in there. Well somebody in that room tipped off a huge selloff.
Fwiw kosturos's tone & response seemed coached about that day IMO.

He bobbled that a few times, stating in different ways that the info was " non public" & again " confidential." His attorney says "I may have mis-heard you " no you heard perfectly just like the rest of us. Who's testimony is that anyway.

Right again catz

Didn't survive.

So your ideas of the hedgies posturing with "we really thought we weren't & if we did do it it wasn't intentional" to stay out of prison makes plenty of sense. Its about all they have at this point. Now, wouldn't some of the "knew or should have known " law language that's popular apply to this situation?

Clearly the intent was to trade for profit or beneficial position, those trades just do happened to be armed with this information.

Do you think the trading records show a huge short position for that day 3-12-10? Lots of quick easy money if you knew that was coming.

Its been said that because no deal struck, the info is not material. Now I'm calling BULL SH.. it on that! !

The fact that no deal could be reached is just as material as reaching one.
Settlement was on the table, one party is at @ X the other is @ Y and that puts the eventual end result between those two. So far with just that its twice as much as anyone else knows.
The term sheets are material , on everyone jpig has the 4 bb deposit coming back, yet in court AND EVERY SINGLE NEWS REPORT EVER PUBLISHED CONTAINING ANY INFO ON THE DEPOSIT its been contested, claimed by jpig, wmi, and the FDIC. Sounds pretty material to me.

When caught any kid claims the same, or tries to convince someone why it shouldn't be wrong.
Sometimes its " look what you made me do" or " its not my fault because so&so was supposed to blah blah blah" Don't forget " everyone else is doing it" and "they told me to do it."

I've personally used all of the above throughout my childhood and adolescent years, its never worked.

They are not only toast -the toaster is on fire !!!

Nice way to put it, that adds a nice visual to the situation.

According to SG, per their website , every single move they make is aligned with taking the issue to trial.
Every filing, every correspondence, every hearing, every depo, every discovery, every question is made in preparation for trial.

They don't play around.

"You should have settled this when You had the chance. Things could get very difficult for you now" seems paulson's words fit everyone on the wrong side of this case.

Every hedge fund is watching this, rest assured of that.

Profound & the entire problem in one sentence.

That's why everyone was surprised.

Aurelius is part of it, however they stated they weren't part of it. And outed jpig.
tps is part of it, they stated they weren't included.
Jpig is part of it, it was stated that on term sheets the deposit had always been coming back - good guess is that the pig wanted releases and susman wasn't giving them.

Always a good guess that brian rodent is lying about everything to some degree, lying by omission is still lying.

What ever you build your theories on should come from the EC or sworn testimony. The reason we hear so little from the EC is the opposition needs the same input to formulate a strategy or counter strategy.

When faced with complete disaster, total defiance is the only option.



Brian rodent & the rest of the gang will be defiant until the end - count on it. Its all they got now.

I think you should give it a shot

Oh that's priceless !!

After you're finished with the unsealed version of the EC objection, and its still fresh in your mind, have a look at this one. Owl creek response, filed 7/12/11. Notice the document number is ....712.......34 . Just after the 712....32 EC unsealed objection..


http://www.kccllc.net/documents/0812229/0812229110712000000000034.pdf

^^^this one has the missing depo pages and fits nicely with the heavy questions and EC objection.

This is getting good

From the owl creek response to EC objection - out of the depo transcript.
I may be talking about a different document than you're reading .

That was s VERY Factitious "wonder why?

The missing pages are right after the good & juicy questions . This transcript was added as an exhibit to bolster their "innocence " right? the proclamation of being wrongly accused in their objection.

There's lots of breaks in that depo transcript! Wonder why?
Breaks as in pages missing.

Agree 1000% !! Eom

Jeeze OOH Pete - at least get your facts straight.

The offer you are talking about never happened.

Three years ago, before TPG GOT INVOLVED, the share count WAS significantly lower.
Three years ago the offer was complete with stipulations . It was 4$ a share to start with up to possible 8$ a share depending on portfolio performance. The offer is a total # in dollars.

Three years ago that was a far cry from an acceptable offer.

Do some math and DD and extrapolate the total number offered. ?????? Please tell me that # and that they should have accepted it 3 yrs ago in the same sentence. Come on! ! Its a total number the same as 1.8 to FDIC is a total #.

What did TD offer WAMU management for just 25% of the same 100% of WAMU that jpig got for 1.8 bb from FDIC. Tell me that # and that WAMU management should have taken the offer from jpig. Come on ! ! !

Here, ill make it easy for you. Just fill in the blanks chiron,

Three years ago jpm offered WAMU management $(--blank--) total , this was a the offer for 307 billion in assets and they should have accepted it.

TD offered WAMU management $(---blank---) for just 25% of WAMU 's total operation, however management should have taken jpm's total offer of $(--blank--) for 100% of the operation instead.

Looking forward to this.

Now that's perfectly expained.

Oh I can't wait to see the billing for monitoring the twitter feed lol.
Thanks for all you do Ilene.

Past performance is the best indicator of future results . In every situation I have ever came across in my entire life thus far, that has held to be true. Of course there are no guarantees in life but there is no reason to unravel a centuries old truth.

Folkssimply need to study his (susman 's) Bio.

Or quashed by the FDIC via the indemnity clause in the P&A.

Voodoo, I don't want to say that the liabilities don't matter, because they do. But in relation to your question what matters is the amount of liabilities that transferred with those assets. By rights every asset with a liability against it that went should have taken the liability with it. Tps is just one of those that didn't.