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News Link: GS and others WAMU noted in article.
http://news.yahoo.com/s/mcclatchy/20100123/pl_mcclatchy/3407767_1
The Honorable Judge knows that the Senate now is reviewing what occurrred and why this take over had to take place just days prior to TARP being made available to other BIG BANKS. Like I said someone had it in for WAMU take over because they did not play with the rest like JPM and GS do on a regular basis and those guys just did not like someone God forbid on the West Coast getting as big as WAMU had gotten. So the East Coast boys said we have to take them over they are in failure (let's make them fail) in other words. And they made that happen because they had the money and motivation to do so. Everyone and their brother knows this is what happened. It's just now that these Wall Streeter's are being made out the bad guys that people like our Senate is now looking into what occurred. This is all good for us long shareholders. I see this as payback time for being taken advantage of when the JPM's and GS of the world knew exactly that TARP was coming and would help them with their take over of WAMU.
GLTA here. Again JMHO.
Yeah there is definitely a down side with going through all of that stuff, my friend also only wanted to be paid in gold value of the day he cashed his paycheck, which he did not want in the first place, he only wanted cash not a check. Probably cause he could not prove who he was with any ID. A cash only system does eliminate the government and credit card companies from your lives though I will give it that much.
Link on the 16th Amendment fraudulently passed and not ratified, and Social Security information. Pretty neat stuff.
http://www.givemeliberty.org/features/taxes/toto/totoad-03-23-01.htm
You mean on Wages, because Wages are monies paid for services rendered from an employer. Wages should not be taxable, not income. When you take you're wages and invest them and make money that is considered income, that's it, not you're wages. That is why on the tax forms they state wages. According to the law only in time of war or two years preceeding or proceeding don't recall which they can apply this tax, only then. The IRS will not tell you this but they have conformed their tax forms to make one think you all must pay on you're wages. And you can take out all the social security monies you put into the system. There is a form for that as well, but you then have no social security number and will have no more deductions but there is a form for those people to declare themselves a fcreign nation, country or some other term to declare you are a non taxable person living in the United States. I know I used to have a worker that paid no taxes and had a foreign status but he was born here. He also when he turned in his social security number and asked for his monies they asked him why, he told them his mother and father got it for him when we was a baby or not of age to make the decision for himself so he did not accept this freely himself so he did not want it nor ever wanted it. GLTA here.
Does this Judge have the power to rule that if a settlement is granted how much the common shareholders are required to be paid?
Can the Judge rule in such a manner to force WAMU if a large settlement is reached to take care of shareholders as to the value of the stock prior to this takeover? Anyone know if the Judge has this kind of power on how the settlement money is expended? TIA.
A few should not rule against thousands of shareholders especially when Lehman would have survived, someone started all these fake runs on the banking industry and they made everyone then believe they had to save us all. Most folks see through the shennanigans now and most Judges will rule with common sense the same way. Fake runs are not runs, on banks that is.
What caused the real failure of Lehman Bros. is the same people who save AIG. They must have had more to gain by saving AIG and not Lehman or WAMU so they were expendible, probably did not play ball as nice as JPM and GS do, suck azzes. Sorry for my language, but it upsets me that a few people in this so called country of ours made the decison whom would survive and whom they would help and the rest could just go out of business quickly and go away. Well boys neither WAMU nor Lehman are going away. Thanks coach for all your assistance on this board.
Timing is everything and the creation of the EC has really crimped their style and upset them for some reason, like we were never to be heard from again for supporting this company. Hopefully the law will see the support given to this firm over the last year and provide an avenue for recovery of some sort. Is WAMU liable for letting a company go to JPM for only $1.9 billion when they knew it's value? Any culpability there for the management at WAMU? Cry foul.
The Judge should rule that if the case shows and a settlement is finally reached that allow for a payment beyond the $1.9 billion paid by JPM for WAMU then the EC committee will be heard on the matter and be in play. If the award is less than the $1.9 billion then the EC and equity holders will receive nothing.
I wonder if the Senate will get the same blacked out version of e-mail trails we all saw earlier on? Wonder if they will ask for the un blacked out copies so they can really see what occurred, not that you need those copies to make a basic common sense decision that robbery is still robbery but hey I would like them to scold someone for sending these blacked out versions for evidence, that would be funny.
No, I have not but this is in fact a very unusual and huge case situation like no other in history I know of so expect the unexpected here. Law will rule in the end otherwise there are no laws and no rules and everyone involved knows it.
hfields also looks like the new formation of the cup like before and the handle is rising up again like the time at .48-.50 area.
Thank you for this chart very nice!!!
My guess projection is this. JPM does a 2:1 forward split, it's value now about $39 pps, will make it $19.5 post split. Then issue WAMU shareholders 1 share for every 2 shares you own. So if you own 10,000 shares you'll get 5,000 shares of JPM at $19.50. Or some scenario such as this. So estimated value of settlement is 5K times $19.5 or $97,500.00, whereas if full held shares of 10K would net you $195,000.00. That is JMHO.
If JPM is claiming they made $38 billion on the WAMU salvation as you called it then is that not admitting to the world JPM was wrong and the FDIC was wrong in thinking that this was a failing institution, can't have it both ways. You are either in failure or not in failure and the numbers they are producing are proving WAMU's case that they were not in failure. GLTA.
Again a kind of repost, the rich do not go to court and are always right, when they do end up in court they are never punished and get off scott free. FDIC is no different than OJ.
OK Ian you fool two simple questions you should be easily able to answer as the leader of this fiasco.
What is your actual business stategy? Let Google run all over you?
What is your actual cash flow? Would be nice to know with all these relationship what your taking in and when can you get YA off of your back?
Answer those simple questions and I might buy back in again. But keeping secret items your honest to goodness shareholders and stakeholders want to know is a bad business decision no matter if your selling shoes or 2D barcodes. Get with the freaking program.
Our Friends at JPM welcome more good news for the WAMU crowd:
http://finance.yahoo.com/news/JPMorgan-investment-bankers-rb-737197061.html?x=0&sec=topStories&pos=1&asset=&ccode=
Easy for Dimon to say after stealing a plus $20 Billion dollar company for $1.9 Billion. Yeah we deserve to get more of you're shaft Jamie, give it to me baby right up the main line. You Mr. Dimon sir and I use that term very lightly are an idiot and fool.
And somehow over the years you actually trust what you hear on the news or from your Government, have you learned nothing grasshopper? You are on you're own in this world, trust no one. GLTA here. Yaacov usually does not like to put out fluff PR's unless something solid is really coming he'll hold off until the bitter end, and that I like about this company even as frustrating as it can get here, I'll wait.
Did not all of a sudden show up to make this statement I attempted to warn this crowd months ago of their impossibility of chasing all the court proceedings and supporting those with other violaters of their patent, but OHHHHHH no one listened then, now Google is on their own boys doing their own thing with guess what our technology but their own way, and Ian is promoting them doing so as well, that's you're owner boys. I'm out in the a.m.
Good to know then I will not waste my time with another issue I have been experiencing. Rich rule the roost.
So as I have stated here before to me it appears that they were not expecting to have to pay commons anything, now they are making their plans to eliminate them public in this attack on the EC. So perhaps with the EC we do now have a chance against the new JPM/WAMU in sheeps clothing same kind of thinking both org.'s, screw shareholders. Go get em EC!!!! I'm with ya'll now folks.
And they are doing a lot of it now with you're tax dollars too, how sweet it that deal? Also why would he want to bankrupt taxpayers that allow him to hand out huge bonuses with our money.
True enough but if Weil does not like it then he ain't fighting for you or me at all, remember that.
Jax I understand that but we have all been touting this company as not the normal type of takeover situation for the longest time, now it appears to me they are no better than JPM in the end. Samo samo just like the Senate no matter what party all the same goals money in their pockets not yours, not mine. Sorry been a long day already.
Just curious here as to why WAMU would not have wanted to protect it's long time shareholders whom have been with it through thick and thin and defended it to the end. No we have to go out and get out own in this regards and now WAMU attorney's do not like it. So to me so much for being loyal here, when it goes up I'm out of here, they could care less as is typical of a JPM company I thought WAMU was different but was wrong.
Change the name and symbol Tom. eom.
Great let's see how much JPM lost taking over WAMU now on the 15th!!!! JPM better show those losses boyz.
To All Happy New Year and let us hope we climb up as quickly as it all came down. To me the proof is in the pudding. In that I mean that JPM has shown huge gains/profits from WAMU's mortage business, no great losses as they said were happening to WAMU. Also how did they not realize that for $1.9 Billion dollars that they were not getting the steal of the century or all time. Any idiot who can count would know buying something with this much upside would only give one more profits for practically nothing. I don't understand why common folks and Judges don't seem to grasp this simple concept. One did JPM gain or lose from their stealing of WAMU, if they gained how could it be if WAMU was in the terlet? Does not add up and when I was in school if things did not add up they were wrong. Simple. GLTA
Never say never with anything, we should never have National Health Care either but hey it's looking that way now.
How about a buy out by Philip Morris? Could happen as I believe was posted here prior they are buying domain names now for this type of business model. How about it Tom?
Can we export overseas using the NAFTA or our European trade agreements as well. Already prepared and ready for shipment or is it restrcted within the U.S. only? Anyone know? I don't. Also more millionaires were made in the 1990's in penny stocks then in any other market.
Once a crook always a crook is what JPM should be saying, they do it openly and never get punished for it so they throw it all in our faces. It's called rich and arrogant.
I find it interesting that those that sit on the Hot List boards on here and Break Out Boards, none, absolutely none picked this one. So how are they even credible here, they are not.
Another bombing attempt in Somalia, get on it IDENTA. Great close people I like what I see so far. Having a brewski now based on my CEMJQ and IDTA investments. GLTA here.
No wine should be served before its time, or in any box either. So I am here to wait for the rise of this great stock we are all into here. Patience obviously is the key to any investment. Richie thank you for the kind words. I think the time has come to show a few what this company is all about. Yacoov from what I have seen will take care of the investors in his company. GLTA and with all your investments, Happy New Year in case I forget to post it later on this week. Good feelings here.
To me the new low resistance is .35 here, high resistance to breakout is around .43. GLTA here.
I forwarded the latest news release from IDENTA on to TSA via e-mail, and to Rush Limbaugh, Glenn Beck, Bill O'reily, and Anderson Cooper shows last night. Just an FYI. Do anything we can while this is a hot topic, also sent to my Representative.
Yohan and common stock owned in a company that is bankrupt or filed bankrupcy can cancel it's common shares anytime, this is a high risk investment, so do not put money here that you need to keep in house. Do as you wish but you should know this risk up front. With Great Potential comes Great Risk. The folks here have decided to stay into this stock because of it's intention of coming out of bankrupcy, regardless of the outcome of the court case pending or agreement reached by the parties involved. If you are nervous about your investment, move it.