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i hope that the crisis in 2008 causes the crisis that destroys the fed reserve! i hope the reserve GETS what they deserve! somehow we need to revoke their congressional invite to manipulate our banking system. they are a cancer that must be destroyed in my opinion. bernanke is starting to monetize debt. get out of the stock market now...this mortgage crisis is going to be the feds "rosen" moment to knock it to half or better. they are out of funds!
fox news said BAC could go down 1/2 in stock price for their involvement in the mortgage crisis. wonder what jpm's stock is going to do? hmmmmm. i'll give jd a dollar!
like i posted 2 yrs ago....YOU CANT PLAY A PLAYER especially an 1888 player! wamu has seen everything in the book. wamu definitely had the radar on and knew when goldman started circling something was bound to happen soon. like the ceo said...working with goldman is like swimming with sharks, it made us very uneasy. i think goldman's little "help" with the match up with tpg certainly got their skin crawling and they knew they had to somehow set a trap for all to fall into. and it worked! show us the money!!!
look at post 26995 on wampq. they showed the 4.77 deposit that was stolen out of the bank as a treasury refund..but indeed we are due 5.2 billion from irs. thats how they masked the deposit that was in the bank at time of takedown.
what did i read about 5.8 billion? i could have sworn it was on kcc website filing. i know i read about some return due to wmi that was hidden deep in a filing.
my WAG is still 60-100/shr common and 800/shr pref plus back divis,which i think were 8 quarterly payments that equal 155.00/shr. preferreds dont mature till 2012 or become convertible. if someone knows more about this let me know. my guess is 955.00/shr pref.
i thought the irs refund due was 5.8 billion? didnt fdic take the 4.4 billion as a down payment "fdic said" was "owed" by wmi to the irs?
yea, that is another thing....judge walrath trusting the info from rosen then finding out from EC that she has been duped. she saw finally what shareholders were trying to tell her in the letters to the court. rosen is out for rosen and his bottom line only. i think rosen will eventually be giving back that line due to the fact he did none of the work to research assets to forward the case...intentionally! got milk rosen?
commons will not lose. ots never gave a letter of recapitalization because it was never needed! they actually published prior to fdic takedown that wamu was well capitalized through 2012. and they were actually higher tier 1 levels than jpm or goldman sachs at the time. goldman made their money from shorting the wamu stocks to zero. remember when goldman was at 42.00 then took off to 144/share. how did they recapitalize that soon? think hard? easy to make money when you know when the move is happening! also fdic had no authority to touch a holding company. my opinion...the day they found the 4 billion deposit in wamu bank..it was game over for both jpm and fdic. they have used bk to stretch things out hoping to wear everyone down so they can make as much interest as possible while the stolen assets are wound up tight in court proceedings. jpm is squatting in stolen property, charging interest on credit cards they dont own, and trademark infringing on the wamu trademarks to gain a market share of customers. this is fraud pure and simple and scrivener's error is the least of both the fdic and jpm's worries. with the emails from bair about "project west".....this is the slam dunk of the EC along with the 3.1a i am sure iron mountain maintained early on.
i feel susman's silence is golden! believe me if he was needed in any capacity he would be there. i think that a settlement is close. when was the last time you've heard egomeister say he would settle if he was wrong? i think with 40 attorneys general "investigating" the jpm foreclosure crisis, he needs to settle something real soon so they can actually foreclose on property they actually paid for.
whether lead by the nose or leading to the slaughter, jpm's hands are seriously unclean. i value your opinion, but thats what is great about America....everyone can have an opinion just respect the opinion given but verify for yourself. good luck to you BIZ!
i am in no way talking about the pumping of real estate prices. i did not say anything of the sort in my reply. i am talking about the orchestration of the "foreclosure" crisis generated by jpm. you cannot call this a clerical error! they blame, blame, blame, and they take the steps THEY need to cover their "ass" ets. this crisis now could take housing prices down further because of uncertainty in the market. there is no barometer for comparibles in the market. this is not only going to affect foreclosures but people who are doing well and hope to sell their homes for a profit. all will be devalued and banks will require more down to get a loans approved. how could they rightfully process a mortgage if they dont know what the property is truly worth? they cant. talk about halt this is a halt of massive proportions. and as far a jpm is involved. it is truly impossible to foreclose on something you havent bought. they are not only holding home sellers and buyers hostage but will try to pin this on the title insurance companies for not doing due diligence in researching a "clean title." how better to deflect obligations than to pass the buck onto a third party. jpm is not the noteholder on these wamu mortgages and they cant foreclose period. title insurance companies could go under because of jpm's actions. jpm is just biding time to keep as much money on there books for as long as possible.
they may not be "in" the in crowd but they certainly are going to be "in" the money! so who cares aboout the good ole boys club.
wamu was incorporated in 1888! it was the preverbal middle finger from jd i think.
don, i always thought too that they were waiting on a certain "event" or "date" to settle this thing. the event just happened with the foreclosures. the mbs sold are now in limbo and so are the foreclosures and possible lawsuits until the "clerical errors" can be figured out. that could take up to 3 years! how appropriate! 3 years to hold capital in limbo to offset the payoff to wmi. this was no clerical error this was also an orchestrated crisis by the fed to tie up monies in mbs, real estate valuation or devaluation, and very real lawsuits that jpm has known were in the works because of the steps they took to throw people out of their homes prematurely. and lets not forget a smokescreen to hide the payout coming for the previous crisis they caused with the takedown of wamu and lehman. and how wonderful for jd that he will squeek in on the treasury throne and have no controversies to defend....because they're all tied up in court under gag order!
there's the "good bank bad bank" scenerio bair spoke of last year. not only are shareholders left "holding the bag," but the fdic deems "systemic risk" even if none is there because they dont have to prove anything anymore. no foia or protection for shareholders in bk ever again. not only will they have a market for the good assets but will then build a totally separate market for the bad assets that they sit on till the time is right to sell it for a profit. chavez here we come!
don, how about sending them to his office...then they have to pay to dispose of them!
thanks don! enjoy your insight also. still remeber the day you read my post on the other website (it was a small one in the very beginning i dont remeber the name) and believed what i was talking about and called it very plausible. thanks for that. now youre a rock star! good luck to you. sf
on fox news, it seems the mortgages that are in question were repackaged and sold around the world in mortgage backed securities. i think it was a ploy to keep the bank "tied up" so the credit default swaps that jpm is floating to the tune of 60 trillion could stay in limbo. how better to stay an execution of death then to tie up the courts with corruption! DONT LOOK BEHIND THE CURTAIN, or on the bank ledger, ITS NOT PRETTY! (dont know all the banking terms but tell me if im in the ballpark fish?"
better to get something than nothing at all.
oh, he absolutely knows something, but will deny,deny,deny till they put a ball and chain around his ankles and haul him out!
then rosen would certainly " investigate that to death too!" lol.
and i'm sure rosen would still argue that his "+hit" doesnt stink!
no it looks like the FDIC is a PONZI SCHEME! "fdic insured?" are you kidding! who's insuring them? i think its a case of take them down before they wipe you out!
i sent an email to his office with my phone number if he had any questions. they are very good at getting back to me. i have used their help in cracking a mlm scheme and they run them out of the state!
dg, also today jpm said the stock market is in crisis and could drop to 6000 the end of this month! here's the crisis... jpm is starting to mask for the payout to wmi. how convenient, mortgage foreclosures are halted due to the fact they never paid for anything! sent info to my attorney general about chase charging interest on the providian credit cards they havent paid for either. terms on those credit cards cannot change until a buyer owns them. they tried to change the terms on mine and they backed down on my challenge because they couldnt prove ownership. there are untold credit card holders that dont know what we know and are getting hosed. i hope my inquiry will turn the tables on this too!
bb, got your message. i do not short so i dont know the rules at all. wish i did know. sorry.
even bernanke in the senate hearings on the banking crisis said to a texas congressman when asked about the " little situation" said, that's the 62 billion dollar question. i dont think he pulled that figure out of his +ss do you?
yea, taxpayers and homeowners get the negative interest and the thieves that stole the company get to show positive interest...but only for now. any ill gotten gains must be returned to the victim unless collusion on behalf of wamu bod, jpm and fdic collectively is proven, then all bets are off and shareholders can take all of the above to the mat! $$$$. collusion, corruption, fraud, bank laundering, mortgage default swaps fraud, stock trading and securities fraud,etc. i think things are getting hot in here!
from what i understand from the florida case, the homeowners can sue to have the home returned , possibly win full payment of home and damages on top of that. from my take on the case jpm was demanding unrealistic things from these homeowners that were over and above. they werent given the alotted time to vacate or the time to make the loan current and just kicked them out. from what i've been reading people who were foreclosed on and were wamu customers now a fraud case with jpm. with jpm not actually owning the property they committed fraud and there is good standing for the home price plus damages to be returned to them also. thats why their saying in the news that this could be a bigger crisis than the stimulus crisis. all foreclosures are at a standstill till someone pays the bill for assuming wamu.
just wanted to let you guys and girls know, my friend is a broker and was going to a closing today to sell a builder's foreclosure to a buyer. he thought it was payday! little did he know the note on the builders loan was washington mutual. needless to say they didnt close and were told it was a paperwork mixup. all of the mortgages still belong to wamu...jpm doesnt own them nor did they pay for them. that is why jpm backed out of foreclosing on 57,000 mortgages. hard to foreclose on something THATS NOT IN YOUR NAME! he is an investor in wmi stocks and now understands what i was telling him about jpm was completely true! jpm is holding the mortgage industry hostage in more ways than one. sellers cant sell their houses and buyers cant buy foreclosures without a clear title.
i have been here since the beginning. i owned commons prior to takedown. i am not a pumper. you obviously havent done any investigation into the amounts of money these assets are worth. just to make flippant remarks like you do shows you are clueless. with the 2200 banks,their air and soil rights that are owned by the holding company, the providian credit card company(holding company asset not bank), the artwork that was stolen out of the headquarters that is valued in the millions, and oh yea there's damages to be awarded also. united healthcare just had to pay me and others for a class action lawsuit for overcharging for out of pocket expeses because of a calculation error. the lawsuit including rico was for 350,000,000. wonder what we will get for corruption and collusion by a govt agency along with jpm for the takedown of a solvent bank to create a crisis, not only to get tarp funded but to try and foreclose on properties they dont own and hose the american taxpayer in the meanwhile to fund the campaign! think it will definitely be in the 60 to 100 range. but the negotiations are with susman now. the more he makes the more we make. and to keep information under wraps it is going to be certainly a substantial sum. that's my WAG!
open-ended gold cards for sure!!!
you keep the 25 and send me the residual of 35 to 75!!! lol.
i am very serious.
i'll give you my WAG $60-100 commons and full face for pref with back dividends. i think they missed 6-8 quarterly divi payments up till now if im not mistaken. and no one as of late has mentioned the millions,possibly billions in artwork that was stolen from the headquarters also. van gogh, andy warhol, etc. bet that didnt make the "ASSET LIST."
i think its the new chase ink card commercial. its one of their cards. now if they'd just ink the real contract so we can get paid!!!
have you seen it? it is hilarious!!! i think they are subliminally telling everyone what they did without actually coming out and telling what they did. it just hit me funny when i listened to the music. i thought,"if people only knew the magic they tried to do." and when it said "never believe its not so," i laughed histerically.
most of the swiss families are americans with offshore accounts in switzerland! i think they may be looking for a cashcow to "milk" for the funds to settle this controversy with wamu shareholders.
spitzer is now calling on obama to wipe the slate clean and fire geithner! things are certainly heating up. dimon better get wamu off his plate before confirmation hearings!