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have you heard the new chase commercial? the theme song is "oh,oh,oh, it's magic... ya know!" how true that is. without "magic" poof none of this would have ever happened. too bad the magic was slight of hand...out of the taxpayers into the fed reserve.
i hope that happens mehedi. i emailed the BOD for wells fargo since im a customer, and told them with the extortionist tendencies of jpm against fdic they may want to do another swoop on the fdic and jpm. just like they did to citi and fdic with wachovia. i would love for them to take the spoils away from jpm. that would be the icing on the cake!
i certainly would. she may need to take some of the court docs to prove to the attorney that there has never been a settlement. attorney will certainly be clueless.
and after the conversation, the next month, i went to log into my account and it made me do another new sign in name. i put my original sign in name in the box and hit enter. the login flashed a new user name.. my orig i had put plus the suffix wmc4189. wmc for washington mutual corporation and the orig date of the card 4-1-89! they are earmarking the credit cards so they can flip a switch when they have to be returned (in my opinion). it wasnt till i challenged them that this was done. i think wmi will get this all returned to them. jpm was just borrowing it for awhile hoping to down all opposition and swipe the loot. but the wamu shareholders fight was not something they remotely anticipated.
absolutely!!!
dm, i also have a providian card. the card says wamu on the front and chase on the back. i had a 0 interest card for 6 months and chase contacted me on the 5th month and said my terms were changing. i told them i wanted to see a bill of sale for providian because i was a shareholder of wmi and know they had not paid for them. about 2 months later they sent me a letter to say that the original terms apply, but any further charges would reflect the new interest rate after the effective date. thats how they got around it. about the ownership issue ....i was stonewalled. they never sent any other info to me. but my credit card has been interest free for 2 yrs. that tells you something!
i believe along with wamu bod and attorneys blessings, jpm took the assets and monies generated by those assets to include mortgages and credit card company providian to prop up their balance sheets. rosen thought this case would never go this far. he thought jpm could effectively "borrow" everything until the shareholders were snuffed out and then they could collectively split the spoils. this whole case was a farce to begin with. a smoke screen to milk the estate by the bod and rosen. fdic bailed out day one with their "scriveners error" and are still trying to throw jpm under the bus. jmo
i think BofA stopped their foreclosures so it wouldnt bring so much attention to jpmorgan's obvious problem with not paying for wamu before stealing the contents. it seems the big boys stick together so it makes it seem to be another collective crisis instead of an obvious heist and manipulation of homeowners by jpmorgan alone. goldman came out and said they needed to be more "socially responsible" in helping homeowners. yea right! i saw on the news where jpmorgan said they would have the "problem" cleared up in the next 3 weeks!!! nov 1st maybe or before? go wamu!!
uz, what i get out of reading all the mortgage stuff is that the mortgages "assumed" by jpm were being foreclosed on prematurely. they were found to not be the owners of the notes because there was never a sell to wmi completed. jpm was trying to foreclose on the properties they didnt leagally own and wamu had issued mbs against the same and said they didnt owe the investors anything due to the fact jpm bought them. they both were working to fraud at both ends. they both chalked it up to clerical error. lol!!!jmo.
i hope wells fargo jumps in. that would be great to strip jpmorgan of their prized wamu.
exdimer, at the time of takedown wamu had only a 3 percent exposure to those type mortgages. hardly enough to cause the collapse of a gnat much less a 363 billion dollar corporation. wmi has air rights and soil rights to all their properties also. 2200 banks and i havent seen one evaluation to the monetary value of those. jpmorgan has also sited the fact that the mortgages they hold from the wamu takedown have in fact made them money not lost. wamu was solvent but cut at the knees by fdic and jpmorgan for political and monetary gain period. when bair was talking about the "good bank, bad bank scenerio." she wasnt far off. i think it was her way of telling that she was marrying stable banks with too big to fail, irresponsible fed reserve banks so the fdic had no outlay of monies but used the taxpayers as the bridge instead.
he said he would update after researching it. he's all about the facts before posting. he'll post when he collects everything for us.
amen to that! or until they take roman o out of the presidency. yes i said roman! (his real name) and it is true!
LG, sounds about right. corruption is so rampant. i could certainly see her being bought off to help write a coverup for them.
knick, i cant PM but i agree whole heartedly with you. i SEE everything happening around us and you cant make people see but i guess we are going to be the ones in the lifeboats for the ones that are clueless....throwing them life preservers when the stock market tanks for good. good luck to you! sf
i understand she won some award for her insightful writing and she has taken a break to write a book. whether jpmorgan and the govt buy up all the copies is yet to be seen!
keep believing the spin. it was proven that washington mutual was not into the mortgage thing. in fact jpmorgan made money on the mortgages they stole. that you spew is quintessential liberal "COA drivil." mortgages had nothing to do with this "pack takedown". they meaning the fed reserve banks gs and jp needed a way to make money fast cause they were going down fast by their actions only. washington mutual was well capitalized and never received any letter to recapitalize. fdic took them on a thursday because the bids were mounting and jpmorgan wanted to be "gifted." why do you think wells fargo jumped over citi to take wachovia? maybe because they were screwed out of bidding on wamu and saw the writing on the wall. wachovia was being paired with citi because fdic wanted to "marry" bad banks with good banks to stablize their deposits because fdic is a ponzi scheme and had no money to cover any deposits. they were for their bottom line and not about securing the best price for the sale of the bank for shareholders. jpm is essentially "squatting" in wamu's banks because there is no contract or price or anything. its been a smoke screen of lies to cover their crime spree.
uz, boy this is a piece of propaganda. what are they going to say when kirsten's book comes out with the real truth? i think shareholders on all sides, that were lied to, will have a say in court when it comes out about the massive corruption and coverup. bonderman never makes mistakes... he makes headlines. he was very much instrumental in the catching of fdic and jpmorgan's hands in the cookie jar with wamu. he always covers his bases when it comes to money. this was definitely the best game played to show what wall street is like. dog eat dog for sure. but we win in the end. jp should have settled when they had a chance to at 8. $$$$ clouded the vision and i cant wait till it clouds mine!
bond, you are exactly right. she is the best we could have gotten. she might be slow but is very cautious. she is making sure every "t" is crossed and every "i" is dotted. they tried to appeal before and were shut down because of the thoroughness of this judges opinions. imo there will be no appeal. with the threat of republicans taking the house and senate and threat of possible criminal trials, this is going to settle and be locked away forever. then our illustrious board members will become millionaires and then "roll" to the lehmman case upcoming for another "dip in the money pool." good luck everyone!! hope to see you in vegas. i'll be buying a condo on the strip. no hotels for me.
chris cox and paulson, under bush, gave BO the "economic crisis to get elected." thats why they arent in jail right now lets get that straight. he exposes them ..he exposes himself. this was part of the Global Agenda needed to get tarp passed and yes it was a "democratically controlled congress" under bush that was trying to get their guy in office from the time of the hanging chad controversy. this whole takedown of wamu and lehman were very political in nature. both were solvent and were forced into bk because of thievery. and our tax dollars and american banks are now being used to prop up communist fed reserve banks, that have no allegiance to the US except to drain americans of all their wealth and destroy america. fed reserve wouldnt be here unless congress let them in and they certainly wouldnt be here unless there was money to be made and stolen. rothschild and jp morgan always use perpetuated crisis as an opportunity to fill their coffers.
i think the fact that rosen said "the shareholders were just trying to MILK THE ESTATE" was enough to show me he wasnt working for us but colluding to destroy us. his voice is on recording in the courtroom saying that so it can be used by susman as ammunition. and the day judge talked over rosen when he said there is no equity and she said there is definite value there, sealed the deal for me!!! judge is being very cautious so not to give anyone any reason to appeal outside her courtroom. she is methodical but engaging. she has played her hand brilliantly and has backed rosen and fdic and jpm into a corner that they have to pay to get out of. if republicans get majority in house, they certainly will bring this case to the forefront so democrats can be implicated in the collusion. treasury could not do this alone without congressional oversight. how better to extiguish the ots than to get rid of what they regulate so fdic becomes top dog. then scapegoat ots for the whole thing. jpm and goldman would be put on the stand in inquiries and exposed by the republicans. better they "lockbox" this thing now than take their chances later. seems to not have worked out on the previous gamble. that dollar is going to have a mighty lot of zeros behind it when this is all done. jaime should have stopped while he had the chance. greed and ego never pay or do they?
hesthemen, the 3.1a listed was scrubbed within 10 hours to a scrivener's error. no price was listed or date was posted on the contract. fdic covered their asses, you cant backdate a contract, it is certainly not a gift, and washington mutual was well capitalized. they never received a letter of recapitalization...which is the first step to allow the company to right itself. they didnt need to,but fdic and jpm needed wamu "gifted" on a thursday before the bids started rolling in. fdic is a ponzi scheme that was looking out for their bottom line. they admitted to it in the lehman case at the senate hearings. they said they are for conserving themselves and they have no obligation to maximize the estate for shareholders. and with new legislation they now have the right to take down any corp. deemed a systemic risk and shareholders have not recourse in court. wamu and lehman are the only ones left that have bankruptcy protection. and the comment about enron being like wamu is erroneous. enron was legitimatey bk for cooking the books. wamu was solvent. why was the examiner brought in at the end of the case and not the beginning? i think rosen,etc knew they were solvent and didnt want to be found out. it is very rare to get an examiner and trustee at the end of a bk. but we have it because from day 1 they screwed up AND NOW THEY MUST PAY. as far as the stock being held down no matter the volume....jpm and mm's are printing fake shares like the govt is printing money. they will hold the price down just like the feds are holding interest rates down to hide their crime spree of draining american wealth to prop up communist countries and regimes. jpm is essentially "squatting" in wamu banks and "propping " their stock with wamu's assets without paying for them. its like the man behind the curtain on the wizard of oz. "DO NOT LOOK BEHIIND THE CURTAIN!" its all a fake facade. russell doesnt "own" the wmi skyscaper either. it was setup by one of the attorneys, i believe from weil,with this company to "prove" they owned it and can sell it. but on russell's website they said they "hoped" the transaction "worked out." why would you wish it to "work out" if you actually bought the property? they didnt ...and people here have looked up the tax bill etc and it proves nothing has changed hands. in this instance jpm thinks "possession is 9/10ths of the law." boy, that 9/10ths and 1/10th they dont have is certainly going to cost them dearly!!! jmo.sf
you are correct. seems like a plan ....a squeeze play!
dragon, seems they need a little "noise" to mask the payoff and completion of the transaction and heist. nov. 2nd seems to be the big day for voting in this country and the perfect time to sweep this under the rug for good. people will be preoccupied with voting and i always thought the court was delaying for "a certain date" to settle for the impact to be masked by other events. and seems this is the opportune time i feel. not only will the congress, that allowed this heist to take place be replaced, but i think geithner and bair will be made the scapegoats for the financial crisis. then jaime dimon is introduced as the savior of the banking world, for "saving failing wamu in their hour of need" and assumes his seat on the treasury throne. ideal timing for the changeover and hiding the lingering ugly truth. jmo
i have the same card. the same terms are in effect from wamu. they cant change the terms until they pay for the company. i received a paper trying to update to the terms chase deemed. i called and talked to the credit dept head and said there is no way terms can be changed until the card company is owned by chase and i would like to see proof that it was indeed bought and for what price. and if they cannot provide it then i will sue if they try to change any language to the contract i signed for the card. about a month later the card user name changed and appended to wmc4189 (washington mutual corporation and my orig date of the card) with my user name. they are "ear marking" these accounts for return to wmi because they were a wholly owned sub of the holding company,or their attorneys said they cannot lump these cards in with any others until the division is paid for. my terms never changed at 0.00%. they sent me a retraction and said only if i charged more the term would change on the NEW balance only. its great to hit a nerve with them. i had them at hello....
i pray the company keeps going! i hope one day we open up at 42.00 with a new cusip! then the market can bid it up from there.
jerle, i have a question...the pref's are due to convert in 2012. if the commons receive above 42.00/shr, can the bk court put to a vote that the pref's could convert early if agreed upon? the 144 share conversion plus price would certainly increase the net to us. what do you think. and does anyone know if their is such a clause to allow this?
susman's going to be looking at them from the rearview mirror! judge wants this discovery done. she is going to push them ,uphill if needed,, to get this thing done.
discovery proceeds!!!
he said he has a duty to preserve ...NOT produce documents. judge needs to rule now, or jpm and fdic will stonewall forever.
come on judge!!! rule for us. get the ball rolling to fruition.
18 months are up!!!
triple track discovery!!! examiner, ec, doj....works for me!
she wouldnt give us the examiner last time cause it would take too long. she is now on the fast track. goooooo judge!!!
this is not cart before the horse. this is beating a dead horse! give us unlimited discovery.
blow this guy up judge. unlimited access to discovery!!!
wow...this guy calls this a small discreet case! people are blowing this out of proportion.
44 boxes of docs being retrieved from iron mountain!
how better to keep the corruption under wraps than with an appointed former DOJ agent. the govt and the congress could not let any other independent examiner do it. this is a big coverup for this administration, paulson,goldman sachs, and jpm morgan along with of course rothschild. this was the takedown that gave the democratic congress under bush, the economic crisis so dem. BO was elected,and paulson the tarp he needed for his beloved goldman. just think what would happen if this saw the light of day with the american taxpayer and voter? thank goodness judge is watching and is fair or this could;ve been over for us. you watch...the examiner will help shareholders but he will also negotiate for jaime dimon to get him off. they want jd for geithners job and they will work to keep him out. sheila bair... not so much.
could be!!! didnt willingham work on that case too? seems to good to be true though.