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I agree with the halt, but the 5-6 pps, where are you getting that from. I've looked over the numbers and come up with the same thing as the board. Are you just pulling that number out of nowhere? Does it just "seem" right, or did you compute that number?
The judges frivolocity radar is off the charts! She's had enough, and imo she's already made her ruling on the 4 billion dollars.
I'm trying to call Ms. Capp for a date, but she's not in her office and I don't want to leave a message because I have to go to school in a couple of hours. Anyone who wants to leave a message, here is her info:
Ms. Capp contact info:
302-252-2929
Laurie Capp - Courtroom Deputy/Scheduling , Extension #3
Monday through Friday 8:00am to 4:00pm
When you call the number, it will go through a list and say "press 3 for Ms. Walraths courtroom deputy", and on the message machine it says refer to the case by name (rather than number), so anyone who isn't quite sure to say when they call won't have to feel stupid calling.
Heres a reference document which has the case number, adv. proceeding number, and docket number all on the first page just in case:
http://www.kccllc.net/documents/0812229/0812229090929000000000007.pdf
Ms. Capp contact info:
302-252-2929
Laurie Capp - Courtroom Deputy/Scheduling , Extension #3
Monday through Friday 8:00am to 4:00pm
I'm calling first thing tomorrow morning.
np, thanks for clearing up what the NCBJ is...I was wondering about that myself.
Exact transcript regarding the date of the $4b turnover action:
MR. ELSBERG: Your Honor, if I might, I was just hoping that I could raise the issue of scheduling a hearing date for the summary judgment motion on the deposit issue, and we would propose, if it works for you -
THE COURT: Have I seen - has the briefing been completed?
MR. ELSBERG: Yes.
THE COURT: When did the notice of completion of briefing get filed?
MR. ELSBERG: We’ll file a notice today. We’re hoping we could just get something on the calendar, if Your Honor is agreeable, for the week of October 12.
THE COURT: Is that the week of - that’s the week before the NCBJ?
MR. ROSEN: I think that’s right, Your Honor. I think it is the following weekend.
MR. SHIEKMAN: Your Honor, could I ask . . . (microphone not recording) the following week?
THE COURT: The following week I’m out.
MR. SHIEKMAN: (Microphone not recording.)
THE COURT: I’m going to ask the parties, I’m going to talk to Ms. Capp, I’m not going to set, but as I understand it, the parties are suggesting then the week of
October 25th?
MR. ELSBERG: Or, Your Honor, we would prefer October 12 or if it could be October 8 or 9, and if it can’t be sooner then, yes, the following week.
THE COURT: Well, it can’t be the 9th.
MR. ELSBERG: Okay. We can try to work it out together. We can work it out together.
THE COURT: Okay.
MR. ELSBERG: Thank you, Your Honor.
THE COURT: Get a date from Ms. Capp. Thank you.
MR. ROSEN: Thank you, Your Honor.
http://amlawdaily.typepad.com/WMItranscript.pdf
Page 39, line 18 through page 41, line 1
Hey ABIGHAMMER, make that 448 :) EOM
If your cousin has insider information then I guarantee we would not have closed red today... he wouldn't be the only one in the world who knew. Every JPM and WaMu insider would be gobbling up shares. Nice try, but your claim has no merit. Your right about big news coming... but no one knows when. Could be tommorrow, could be next year. One things for sure though... nothing has leaked to more than 2 or 3 people even if something has leaked, which it hasn't, and I can GUARANTEE you are not one of those few people. On top of that... if they work in the stock market they are not privy to inside info. You would have been better off claiming they work at wamu or JPM.
Delaware Judge Calls JPMorgan's Jurisdiction Argument in Litigation Against WaMu "Frivolous"
http://www.law.com/jsp/tal/digestTAL.jsp?id=1202434167684&Delaware_Judge_Calls_JPMorgans_Jurisdiction_Argument_in_Litigation_Against_WaMu_Frivolous
Anyone in JPM who hasn't done their dd on the WaMu v JPM case better start doing some dd... wall street's about to get sideswiped by a huge settlement. The media is keeping it on the down low; don't look to CNN for this news... check the facts on the internet.
wamustory.com
wamuqd.com
wamu-shareholders-resources.com/wamued.html
wamuequity.org/history.html
wamucoup.com
http://investorshub.advfn.com/boards/board.aspx?board_id=11133
Did anyone see that trade at 4:08??? Someone jumped the bid and sold 10 million shares at .0008!!!
Has anyone actually tried calling the court to confirm a date for the 4b? I'd be happy to call if someone would tell me the number and exactly what I should be asking for so I don't sound like an idiot. I think I should be asking when the next turnover proceeding in Washington Mutual v JPM is, but I want to be sure if I'm gonna call, and also if there is any specific name other than just a turnover proceeding in wamu v JPM I should call it so they know what I'm talking about.
Hey everyone, check out this book about Jamie Dimon that is yet to be released. After todays news, the title of the book is freaking hilarious!
Maybe they should rename it First Man Down: The Descent of Jamie Dimon and JPMorgan Chase
lol more like 'either you're on board with this or you're off the board'
If it was just Jamie leaving I would call you all ridiculously hopeful, looking for clues where there are none.
The fact is however, Jamie Dimon AND Bill Winters quit today AT THE SAME TIME. Most of you probably don't know Bill Winters, but he is the top manager in Europe. This is very unusual and the chances of it happening coincidentally is almost nothing.
What does RBC acquiring JPM assets have to do with WaMu settlement? (not bashing, just interested to know)
JPM is up on news of Jamie leaving! ahahaha EOM
I'm not sure how a settlement works, so please feel free to correct me, but if JPM offers to buy WAMUQ out for, say, $12, whether you sell or not you are going to get the $12 per share once the stock gets bought out, right? So then it wouldn't make sense to sell, ever. They are not going to lower the offer obviously, so then the only two possibilities are that it will stay still or it will go up. With those being the only possibilities, it only makes sense to hold your shares until your broker swaps them, at least for a week or so, but unless your really impatient I don't see any reason at all to sell. They are not going to retract an offer or lower it, otherwise they will be in DEEP trouble even more so than they already are when the trials come. JMHO I haven't done any research on a buyout so I can't confirm that any of this is true.
TPG: The world's worst investor?
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=266591&t=01001329399083857736
The motley fool has an article discussing possibilities for the absolute worst investor. One of the candidates is TPG, "the private equity firm that "lost it's shirt" on WaMu."
I think motleys about to get a nice surprise when TPG climbs the ranks overnight.
What I don't get is that he said it was gonna be before open, so it's not a pump. He's obviously lying... but there doesn't seem to be any purpose behind it. Oh well... one more idiot that will be gone within a week like all the others.
P.S. I think the guy who said thats a good way to get people to despise was talking about the news people, not you.
Frankfurt info should be stickied. EOM
"J.P. Morgan over the weekend filed a motion for reconsideration"
AHAHAHA!!! Are they TRYING to piss the judge off?!?!?!
Theres some buzz on this stock on more than one board that I'm on. I'm just wondering if anyone can fill me in on why this is a good buy? I've got a few grand to put down, but I don't like the technicals. The charts are showing it may have topped out,especially with that doji showing a reversal back down tomorrow. so what's all the buzz about? I know that pinkies don't necessarily follow the charts, so what's the news/fundamentals/whatever the heck is creating the buzz? I usually try to stay away from things like these, but there are some prominent members that are interested in it, so there must be something going on.
Thanks!
I found a pdf of the A-list. For some reason S&C is at 14 instead of 16 on the pdf. I don't know what that's about, but at least they are still far enough from us that we don't have to smell the pungent stench of deceit.
http://www.arnoldporter.com/resources/documents/2009_A-ListArnold&Porter.pdf
Page 3 is the list.
I agree completely, I was just responding to this guys post by telling him that if that were to happen it wouldn't necessarily be a good thing:
"Since wamu will not stop with the settlement we might see it trade i a new business venture at $50 a share would that be nice.
"
I'm talking about under the theoretical and highly improbable circumstances that WaMu re-emerges as a new company. No one knows if they will issue new shares and cancel the current ones, or just convert the current ones.
Yeah, but the question is will our shares be cancelled, or will we get shares of the new company?
So then we can settle for the ~$40 billion WaMu is already fighting for... then tack on another $100 billion as a thank-you for WaMu not throwing Dimon's sorry behind in the slammer!
I was just looking at the 2009 A-list of lawyers put out by American Lawyer Magazine. It seems as though Weil came in at number 5. I'm trying to find Sullivan and Cromwell but... oh wait. There they are. Way down at number 16. What are they doing down there? Probably trying to stall for time. Here's the picture of the A-List. If anyone notices the cutoff on number 12... thats because I had to copy two pages. S&C doesn't even get to be on the same page as Weil.
Well I will be starting out with 5k, so I will adjust my practice account to that, and won't use real money until I've multiplied it several times over. I might open up another demo account with a $500 balance just so I can gauge the difference. I'm used to a non-margin stock account. I could buy a stock for $50k,$5k, or even $500, and the only thing that would affect your profit is the commission. Besides that, 10% is 10% whether its 50k or 5 dollars. I still am learning how leverage affects the percentage you can make off a trade. I learned on stocks that 6 months made a HUGE difference in my trading abilities, and I plan on giving forex at least that amount of time until I use real money. I'm only 18, so I've got the time to spare.
Yes I know, I just couldn't figure out how to get it down to a good amount. Intentional loss seems like such a great and obvious way to do that, I can't believe I didn't think of it before. Thanks!
I tried an FXCM demo account, but I couldn't figure out how to make the starting balance less than $50,000. I ended up making $16k on the 50k in like a week using what i know from stocks, but it was probably a lot of beginners luck. One thing I didn't understand was why it would randomly close my position for seemingly no reason every once in a while.
So I take it Oanda is the way to go? I was reading up on some different brokers, and the way people make it sound, some brokers will specifically try to make you lose money by closing out your positions at the most inconvenient times, thereby somehow gaining money for themselves.
I appreciate the link and future links and help. My main reason for taking up forex is with work and school, its kind of hard to restrict myself to a 9:30-4:00 schedule.
thanks! bookmarked
All of the good stuff is on the last page under "Eerie Silence" :
"On Tuesday, September 23, a quiet descended on the bank. The run had slowed, but so had interest from potential buyers. Two weeks of shopping the bank across the East Coast produced no takers. Now, banks that had been combing through WaMu’s electronic data room as part of their due dilligence abruptly stopped.
“Suddenly, all the bidders appeared to lose steam all at once,” said a person familiar with the matter.
WaMu executives began to suspect that the FDIC was letting potential bidders know that the bank might soon be sold in a distressed sale. It’s not clear when the FDIC started approaching other banks, but WaMu executives say such a move would have undercut Fishman’s ability to sell the bank. It also appears to conflict with what insiders say Bair had told Fishman only days before — that she was referring potential bidders to him.
“Deep into the process, we learned that concurrent to management shopping the bank, that apparently the FDIC was soliciting bids,” said a person familiar with the matter. “I would say it came as a big surprise.”
To be sure, the FDIC would approach potential buyers of any troubled bank in advance to see if they had any interest and enough capital for a purchase, said a former regulator familiar with WaMu’s closure. Regulators from both the OTS and the FDIC have declined to be interviewed for this story.
“Once it was clear there would be a failure, there would certainly be a real push to find out who was a prospective buyer,” said the official, speaking on condition of anonymity.
But the difference in the two scenarios is substantial. In a private sale, shareholders would receive cash or stock for their holdings, which were worth about $7 billion when Fishman took over in early September. Under the seizure, they got nothing. Thus in theory, at least, the government’s action wiped out $7 billion in shareholder wealth.
What’s unknown: when the FDIC started shopping around the bank."
----------------------------------------------
Another interesting tidbit on the bottom of page 1:
"Recently, the Inspector General’s office at the U.S. Treasury, the department that houses the Office of Thrift Supervision, launched a “post mortem” investigation jointly with the FDIC’s inspector general, “to see if there was anything that could have been done” to save WaMu, said Rich Delmar, counsel to the Treasury department.
“The IG offices typically don’t investigate cases where there was no cost to the insurance fund,” Delmar added. “But because this was so damn big, we’re doing it anyway.” The results are expected as early as next month."
What I'm interested in within that graphic is the "FEDERAL COURTS AND OTHER ENTITIES OUTSIDE THE JUDICIAL BRANCH" category. What branch would they fall under? Probably not legislative and definitely not executive. Do they get their own special category?
I thought the 4b was October 25th at the latest, and Quinn was pushing for earlier?
PFEH annotated chart please? I'm having mixed feelings about the chart and could use your opinion.
Hello everyone
I have been trading stocks for a long time, but I've never really gotten into forex. I know how to read charts and all that... but if theres any good learning resources that will teach me about stuff like pips and leverage and just other general stuff that you need to know for forex that isn't in stocks, does anyone have any links?
Thanks in Advance! I look forward to being an asset to this board.
WAMU in Seattle Times
and amazingly it's not good news... who woulda guessed...
http://seattletimes.nwsource.com/html/northwestvoices/2009928607_wamuspastandpresent.html
It's from September 23, but I haven't seen it posted yet. I think we should all e-mail this guy a reality check of why WaMu failed.
nvm i get it now EOM
I hear something!