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Agreed, but we do have the chinese on our side, which helps!
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I couldn't agree more with you.
This point on its own shows beyond any doubt that the FDIC sale to JPM for a pathetic $1.9 Billion was NOT a fair and reasonable compensation
So i guess the real question is ....
"Can the FDIC show that the $1.9 Billion they received from JPM was a fair and reasonable compensation"
I am pretty sure the below deal will have been, and will continue to be referenced in this case.
"IndyMac, with only $32 Billion in assets was sold for $13.9 Billion in the following weeks. Indymac had only 33 branch offices as compared to Washington Mutual's 2,239 branches and 4,932 branded ATMs"
Do the FDIC and JPM want to be dragged through the legal system taking the 1)above into consideration and 2)other questionable events that took place prior to the sale.
You decide!!!!
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
WAMUQ has not claimed in court that the seizure (by the OTS) was
wrong, although it certainly was. WAMUQ is just asking for fair and reasonable compensation for what was taken from them as a result of the seizure, as the Fifth Amendment requires.
Governments take private property away from citizens every day in the United States through 'eminent domain' for public use for schools, roads, and other public works...but they have to pay for it.
The FDIC was appointed by the OTS to be the receiver of WaMu bank which made the FDIC responsible for managing the company's assets in a way that would most effectively pay back creditors. Instead of shouldering this responsibility, the FDIC turned around and sold the company to JPM for an ridiculously small amount of money in a weird auction process conducted in the middle of the night.
WAMUQ wants to have a court review the entire transaction and obtain the amount of money as compensation that they would have received if the FDIC had done a straight liquidation of the WaMu assets.
If the FDIC can show that the amount of money they received from JPM was a fair and reasonable compensation, they will have no problem in court and the case will be over quickly.
If they cannot show that, then the court will attempt to compensate WAMUQ for the damages they have suffered at the hands of the FDIC and award them an amount of money based on those damages.
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>
As we are all continuing to do our own DD, I wonder if someone would kindly contact the company and ask them 'How much FREE UNRESTRICTED stock was made available to TRXX as part of the reverse merger"
Looking for complete transparancy here from Stemcell
Why the lack of transparancy! Is this not jumping right out at me and telling me something????
Do you own DD, and make sure you do it under your own steam and NOT under others!
Any further information on the FLOAT?
Morning WAMUQ's.
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Every good american deserves to know the truth about WAMU and how it was taken down by the FDIC and JPM. Public interest and support will grow now we are making headlines.
BAIR and Co ... You have ran, but you can no longer hide!!!!!
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
The press attention is just starting. Lets see where this takes
now!
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>..
http://uk.reuters.com/article/ousiv/idUKTRE54C01V20090513
I know the above has been posted previously, but I couldn't resist.
Judge - What is the reason for the motion?
FDIC/JPM - To investigate to prove the motion.
Judge - OK, so FDIC/JPM ... if a guys robs a bank and gets caught, he thinks it will get dropped by stating "THE CASE LACKS MERIT"
FDIC/JPM - Mmmmmmmm
Let the Jury decide.
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Why such low volume?
Finally, Finally, Finally we start to see some real public awareness!!!
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>
All COMMONS will be treated the same, regardless of whether the stock was purchased pre BK or not.
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
JPM buying?
Thanks ............
anyone offer any early Level2 information
Morning WAMUQ's. Had a few days away, so just catchin up on the past few days.
Another week begins ..........
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Anyone fancy having a guess at the current FLOAT
Would very much like a sneak preview of the current FLOAT
I think this is very realistic in relation to a 1:5 swap
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>
Baldeagle1,
I think you should put this in an email and send it to BAIR for consideration LOL
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I will glady put up my hands and let you gloat if/when this stock turns into SOMETHING
Makes me suspicious too
I will NOT be investing in this company until I see REAL opportunities and REAL upto date published figures.
Maybe, just maybe, LEM, CAPT BOB and $to©k_Pi©ker™ are not too far from the truth!
I will keep an open mind for now
Show us the latest "FLOAT" figures, and let us penny traders make our own minds up as to whether this is a real company going places or just another shell to pump and dump!!!!!
If there is absolutely nothing to hide, then lets see the figures.
Very fair and sensible post .......
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
POD, any news on mainstream wire PR's for this stock?
Very quiet recently!
Full "Stress Test" results to be announced after close of markets tomorrow (Thursday)
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Bank of America requires $34B in new capital following stress test WOW!
Does anyone on this board have any idea when the management team will be finalised, and the "FLOAT" figure updated as this is now several weeks out of date!!!
Not hiding anything I hope????
FBR states that JPMorgan will be the only bank that will not require Capital support!
Executives find out "stress test" results today. Public have to wait until Thursday!
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Morning fellow WAMUQ's
Looking forward to what could be an interesting day and facinating week ahead.
FDIC/JPM: YOU CAN RUN, YOU CAN HIDE, BUT YOU CANT ESCAPE THE TRUTH
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
http://bankruptcy.law360.com/registrations/user_registration?article_id=99770&concurrency_check=false
You can run, you can hide, but you cant escape the truth!
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Where do you want my to sign LOL!
GO WAMU ????????????????????????????
My initial thought was a 1:4 WAMUQ / JPM ratio.
Always interesting to get fellow WAMUQ's thoughts
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
JPM OS = 3,757,923,192
I am sure we will get someone to jump off the fence and give us all food for thought. LOL!
GP WAMU ????????????????????????????????
any thoughts on ratio?
LOL.
GO WAMU >>>>>>>>>>>>>>>>>>>>>>>