Financial Analyst
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Ilenes. Bet you could have used a cold one huh.
JPM is asking different Judges to hold up foreclosures at this time. Do they know of what is about to transpire ? No JPM legal ownership of Mortgages?
Yes ,The JPM plan was in the works allready. It did not matter what was proposed .JPM through Bair was getting the cookies.
SS said as much ,''Its all over''.I would tend to think he seeS the scenario of FDIC response ,which will not be good for JPM. IMO
Friendly ( LOL) Litigation of return of all Profits ,this is subject to Examiners Report. IMO
I agree, FDIC does not have 6Billion to cover JPM, they will do a retrace on the deal .That why the extension till at lease end Sept.IMO
As they say "If you can't do the time Don't do the crime.
You know ,a lot of us international investors had lost faith in the US system ,since the 2008-2009 debacle.But its restored with the people on this board. I for one following this board have regained insight and knowledge thats priceless.
Whatever happens ,and I believe positive results and watching Susman orchestrate the case ,the Honest American shall overcome in the end.
I really wish to thank all for all the hard work that has been done so far.
GTLA on the 20th and after.
A golden tower,How auspicious for the 20th.
GTLA
This why the UST filed a motion supporting a Examiner.IMO
Following Susman,s other BK,s ,he almost never appears personally unless its to finalize his case.
He appears to have done so here. He is consdered to be the best in the world in his area of expertise, BK litigation.
I believe we have a winner and he is just fine tuning the results. IMO
The EC had a good idea that they would not get the files they asked for.Susman has tbeen there before.
What Susman did, is let BR put himself in a position that the right ruling for EC is all but assured on the 8th.
I would certainly back and sign a motion to this effect re-cusip no: change. Use Rosies global statemenT against him .We need to know the OS accurately for a fair settlement.IMO
Susman has represented some of the biggest. This case will not go down as a loser for his firm.IMO
Ok Susman and Co, take no prisoners.
I believe Susman and Solomon will now put out something at this time before the 19th .IMO
Susman played this out before he goes to court. He now got total control on discovery by this ruling ,just what he wanted . A 3rd party ( examiner) would not give him all the control .
Susman is playing chess and now its his turn to play with the courts blessing and a warning to all parties to not test the courts patience IMO
Susman played this outcome ( re-ruling )He has now been handed total control on discovery. A 3rd party (examiner )would not have given him all he wanted.
He is playing chess, and now he has his move to make with the Courts blessing ,and warning to other parties if they do not comply. Do not test the courts patience. IMO
You buying Rockie?
Settlement is due ,
As most litigators will tell you ,settlements /deals are 90% done without going to court drama
I expext a settlement offer of min.$8.00 to $24.00 PPS.IMO
I would think this is our last chance. Lets all re send ( EC formation request) the letters again. If we do not do something now ,it might be too late.
Marsal plans to move fast ,the way I read his PR,s.
This is why we need a EC to answer our questions regarding moving assets to another entity.Does this mean they plan to pay off all creditors (including Trust/Preffereds ect) ? It becomes more imperative that we need representation in court.I.M.O
If the 30Bill.is a purported asset start for Lamco .It stands to reason the court should allow a Equity Commitee at this point .Since in 2008 Sep-November it was shot down( by the court) due to unknown assets and too early to be formed to be effective.
Postive .Sit on your hands and see.
And we all know how good Marsal is. Enough said.
With the article from Bloomberg saying they may pool assets to pay out all,if there is no acceptance of the plan,there will be some heavy buying pressure in the A.M. I.M.O
Sounds like a good deal .The new common share might be worth any where from $1.00- $25.00 initially.The non trading period is something to look at.
It sems that we are now ,and will be on the world wide board with PR,s.We all wanted the Lehman name to be a household item.Well here it is.
It can only reflect in a upside on the PPS as everyone will want a piece of the action to come.
I believe that the blacked out portions pertain to the Chicago gang that auctioned the contracts from Lehmans and they were worth 25-28Billion ,due to the fact that only the 4 big ones(Banks) in the world could handle that in one day and thats why they are not listed because they knew exactly how much to pay for them ,because they had all the facts on how much Lehman owed.Like you tax man knows how much you owe and what you would take for your house sale to cover the bill.
The main trust of this report is that it sets the stage, ( by reaonable conviction ) that LEH was taking advantage of by other entities due to the volatile few weeks in Sept. I.E changing the terms of collateral/ getting a heads up from some major Government Employees that you better get dollars out of Lehman now before its too late.Selling the contracts at a discount in the commodities market ,so lehman incurred big losses ect.without lehman getting a chance for best price
The list goes on ,right or wrong the stage is set for some big recovery .The Judge is a ethical/honest/ man .He has intergrity which seems to be lacking in the Wall street credo.And he will do his utmost, I believe to bring back under Law, some ethics/accountability to the finacial system.IMO
In reading the report you could conclude that Lehman has a lot of recourse under existing laws to reclaim a lot of $$$$ .It shows that Fuld and Company knew ( or there were enough info)that LBI was boderline insolvent depending on what time of particular months prior to Sept.15th it was.
90% of the future litigation against other( 3rd) parties will be settled out of court. It just remains to give a potential $$ amount for settlement. IMO
A lesson learned from Mr Buffet. It pays sometimes to sit on your hands .
This storm is the one to sit on.
InterOrgan
You and your group must be in La La Land
I agree with you on that. They are like the vultures of stocks, (bring unsophisticated investors into the fold) try to pick them clean for what you can get and leave them to dry. IMO
Junk. but they do own shares ,just like the rest of us.
Rick C
Good idea , That way people could again see the order of stocks and pay-outs when it happens.
Every one has a dream.
350k Shares probably owned by this group.Even at 30-40% return they are looking at $3,000,000+
Yes ,I can see why they would be exited.
350k Shares probably ownewd by this group.Even at 30-40% return they are looking at $3,000,000+
Yes ,I can see why they would be exited.
As Coach says ,the perfect storm ,we are travelling faster and faster .
You would think that evidence i.e e-mail memo,s /statements from negotiating team members are coming from a insider ,as predicted, to open this for a tsunami of litigation.
You might say that a conspiracy was undertaken with the admission of (2008 LEH negotiators )and acknowledgement(Barcl.) to defraud LEH.Which is what exactly happened, with the public admission of guilt/knowledge of the fraud commited against Leh.
Would not be surprising to see some or one of the conspirators turn evidence/ against Barcl.and co-conspirators before court dates are set,to alleviate his own position in the courts.IMO