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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.
Jack I meant that comment from the previous poster who seemed to think that after the first day from this last series of testimony that the Judge should know that this would not be confirmed and end it. But as I stated she must allow the debtors to continue so they can never come back to say they were not treated fairly in her courtroom or did not have their say here. That is all. To think she made her decision long ago is ill conceived.
We need not be too hasty here about the Honorable Judge and her decision making. She must let the debtors have their day in her court room no matter if she has made her decision already. That way no one can come back and say it was not a fair judgement. Also I do not believe that Susman would let a sham continue if he thought the Judge will rule unjustly. With him in the mix she even has to mind her P's and Q's or else there will be other issues she will have to answer to here. I think we are all to use to fast food and intant gratification in our lives and we need to step back and take a breath. No worries. Listen to some Jimmy Buffet or something else that will calm you all down.
I'm for 3 times value of offer from 2008 at a minimum and judges from there at times go higher need a jury trial here for these crooks to face some jail time.
When the rich crooks cannot win, they pay.
When the rich crooks cannot cheat anymore, they pay.
When the rich crooks cannot payoff any others, they pay.
When the rich crooks face the truth and fail at their lying, they pay.
When the rich crooks lies no longer hold up to facts, they pay.
When the rich crooks scam is discovered in a court, they pay.
When the rich crooks have already made their money off of their scam and have no other choice, they pay.
GLTA here, the rich crooks here are about to pay.
I must say playing "Clue" did not take this long. But there's real money and some real lawyers invovled here. No Mr. Green in the Parlor with the Candlestick. But Dimon in the Bedroom with Sheila with a money bag.
They are all lazy because they all think they got away with all the money and no one would find out or would care, now they must for once in their life pay attention and lose their living. Go get em' boyz.
It takes all kinds to make a case. In Seth Ard's case for the EC we show perhaps a calculated weakness, whereas the witness feels compelled to show how smart they are by running their mouth. Come into my parlor said the spider to the fly. Perhaps smarter stategy than we think. Our group is not that stupid IMHO of course. Soft spoken dimeanor does not mean dumb. Thanks to all your input here, great stuff.
Bush also stated the following "Money trumps everything". Applies to why this take over occurred.
Or undue it all back to the start. Along with the antiques sold off by JPM cronies.
I think that at this point I see a systemeic risk with JPM and all its lawsuits and silver paper that we believe we should offer to buy their company for $1.9 billion dollars of course with the assistance of the FDIC. I think it is a fair offer for this firm as the potential for a major banking failure of this magnitude could affect world markets. I think the time is now for a buyout offer to be made by the EC and Susman and all shareholders of WAMU for JPM and to be fair we should offer $2.0 billion just to be fair. I think the failure of JPM is imminent without this buyout taking place. Don't you agree Sheila?
Now you just have to get out your calculator and multiply by 24 and you will be in the ball park but could go higher so leave your calculator on.
News Flash, "There is a strong smell emunating from the headquarters of the JPM company". Upon investigation the strong odor is coming from the vault area of the building and people in this area have been forced to put on their money masks as the smell gets stronger and stronger. A leak has also been discovered from this same vault area whereas hundreds of $100 dollar bills have been leaking out into the public domain because a rupture has occurrred on the sidewalls of the vault as it was only designed to hold a small Gazillion dollars but JPM has tried to store more that the Gazillion number hence the rupture in the vault location happening.
Employees at the firm have been attempting to throw their bodies in the way of the leak to attempt to ebb it's flow, but to no avail. No one has been injured in this leak but the public must be made aware that if they find $100 dollar bills flowing into the public to make sure they report this finding to other local members of the WAMU community so they can partake in this leaking event. A spokesman for the company has stated "I knew that thing was gonna blow one day, I told JD that we could no longer hold that much cash in a vault designed for only a Gazillion dollars".
This reporter has also requested what the definition of "Gazillion" is and was told that it means " more than anyone person or company should ever accumulate in cash money, in other words "too much". I believe it. For those whom need transportation to the leak site you can find it via mapquest and just type in the word "money" and it takes you directly to the JPM address. Thank you.
I find it strange that common sense people on this board know certain facts here that are in the open and scream of improper methods by JPM yet Judges would rather deal with a bankrupcy case which should have never been in a bankrupcy situation. But as another poster told me here long ago this is where we are at now. I hate it too, because I am all for full reversal of the whole deal and all assets returned period. Any Judge with half a brain knows the details as our great posters here, they must know and just are afraid of the JPM machine and would lose their kick backs. Sad to say but money talks and we have been walking.
I think the hedgies are attempting to prove that because illegal trading goes on all the time and they get away with it all the time then it is a proven right of way to keep doing it as there is no punishment yet I have found for rich folks in this world. So they can boldly state hey we do this all the time whats the big deal here? Oh' my its illegal, where's my attorney to save me, here's a billion dollars go to court bud for me.
Manipulation in penny stocks, NO WAY.........................
Good one Biz. I like it. eom.
Simple pocket change for Dimon who stole WAMU for $1.9billion when it was worth hundreds of billions. How come our WAMU was not too big to fail? Because JPM wanted presence on the west coast so they got what they asked for from the Fed, thank you Sheila how about lunch next week at the Tavern on the Green little lady. JD and Sheila sitting in a tree, k-i-s-s-i-n-g.
Close to it's all time high in five years, same float so I do not see anything here that is not apparent from last five years samo samo to me.
I believe that is seven years and we are not there yet only three years this September.
Hedgies need to start sweating, they are in bed with Uncle JPM too bad they are all going down now boys, katie bar that door girl.