Good find.

It looks to me that there could be more of the same in the future or that is the last one. Who knows? An amendment to the amended.


Certification of Counsel Seeking Entry of Amended Confidentiality Stipulation and Protective Order

Order Approving Amended Confidentiality Stipulation and Protective Order Governing the Production of Documents

In a nutshell Hammer. eom

I couldn't agree more Dragynn. This needs to be exposed in depth, even to the point as to why the media isn't reporting on this. People need to realize they can’t sit in front of the tube and expect to get the whole story (in some cases, no story at all). I think not only JPM, FDIC, OTS, are in collusion here, but that it also goes behind two or three more closed doors that we'll never get a peek into.

It is unfortunate that our illustrious leaders turn a blind eye and let corruption get to the point where some feel the only recourse to this abuse of power is to implement fear, (committing suicide by flying a plane into an IRS building).

I know Diamond is right in that it will never stop because of greed, but somehow it needs to slow. The docile American people need to stand up and take control of the spin that is put to us.

Amazing yes and then again no. The problem is that most people go through day to day life with a brainwashed zombie mindset. They are sort of hypnotized and only believe what they see on major media networks, whether it is true or not. As of now they neither see nor hear anything of WAMU. To try and tell them otherwise is hogwash or you are some kind of conspiracy theorist.

I am probably thinking a little too simply, but why would the FDIC risk getting wrapped up in a fraudulent transfer when the Toronto bank could get them off the hook for the 134 billion in insured deposits. What was JPM willing to give back to the FDIC to make it worth the risk?

Kick Rosen out and instead spend his future earnings on a WAMU commercial showing that going down the road as a voice says, “Remember Washington Mutual…..it’s coming back”.

That sentence speaks volumes. eom

Just sold 5000 @.07 while the bid was .07. Another 5000 order @.08, but don't suppose that will fill. FWIW

They are probably going to try and blame it on the WAMU terrorists

It is sad that that the airwaves are supposed to be owned by “we the people”, but are owned by those that control the people.

The taxpayers need to cut the strings of those making us dance to their tune, take control of the airwaves and assume the profit or loss of the business. An HC (Honesty Committee) needs to be put in place to oversee the agenda.

Hey Fish, In one of Mordicai’s posts awhile back, his opinion (if I remember correctly) was that commons might see $12+. If we go with that figure times 1.7 billion shares we have a number of $20+ billion. I realize there are other classes of shares that have to be paid also, but with the speculation that has been on-going, I do not know if those have to be paid at face value. I am guessing that the $20 billion for commons plus the other classes being paid off would be a combination of JPM and FDIC dollars.

Awhile back I posted that I was reading a Forbes magazine at work (I found it again and it was actually a Dec 2009 issue of Fortune) where the author stated that Citi bank had $244 billion in cash. Citi was supposedly so bad off that they had to get bailed out and as far as I know the Government still owns a stake. If Citi has that in cash, I would think JPM would have much more and consequently paying off this lawsuit would seem to me, to be a drop in the bucket for them.

Then you hear of the profits (which I can not remember) they have already made from the WAMU theft and logic would lead you to believe the profits alone could clear this up and still leave them with stolen dollars. JD is arrogant, yes, but not stupid, so you have to assume that he knows he can push this to the limit knowing the good ol’ boys will take care of him. IMO

I think it is because of the weekend and a long one at that. It might also have to do with the unknown. Some will say without a doubt the end will be positive, with positive being a relative term as far as each individuals expectations.

I believe some harbor a small percentage of doubt due to the massive amount of corruption that goes unpunished due to a lot of back scratching. Although things have progressed in our favor, we want that one for sure document with the Judges signature on it to feel “we have arrived”. The unknown is unsettling and leads to discontent.

Z man, I have a question that I hope I don’t have to answer,

As of 09-23-2009 there are 105,605,457 shares outstanding with 16,933,023 shares free trading and88,672,434 shares restricted and 50,000,000,000 shares authorized.

As of 07-05-2009 there are 80,605,457 shares outstanding with 16,930,907 shares free trading and 63,674,550 shares restricted and 50,000,000,000 shares authorized.

As of 04-16-2009 there are 17,975,351 shares outstanding with 16,736,810 shares free trading and 1,238,541 shares restricted and 50,000,000,000 shares authorized.

The above indicates the free trading shares have stayed about the same during the timeframe shown. If I remember correctly a certain poster (won’t mention name) has roughly 1 million shares. Now, this company may be trying, or is just another rip-off penny, I don’t know, but it seems at this point the free trading shares are a small amount compared to other penny stocks. On the other hand it could be considered a lot if they have no intentions of carrying through with what they portray to be doing.

I was trying to sell 10,000 shares @.07 while Fidelity was showing the bid @.065. My reasoning was that if the MM’s thought there was something good on the horizon they might take it.

My question is….Are the MM’s ever in contact with the company and know things or are they just all about the numbers and trying to make something on the spread? With the volume lately I would think they are having a hard time purchasing enough petrol to get to work……Don’t make me answer myself…cause I don’t know.

Not getting out of dodge as I will retain a certain amount just in case something good comes out of this. With these weird price fluctuations I am just curious to see if they want the shares bad enough.

I have had a sell order for 10,000 shares @ .07 all or none for the last three days and no takers yet. Just doing it day by day so it cancels out each day. Good luck everyone.

It seems not long ago there was an article stating JPM was paying out 29 billion in bonuses. My first thought was that if they did that, they would have at least two or three times that amount in cash.

While at work not long ago I was reading a magazine someone left laying around and I think it was a December 2009 issue of Forbes where it was stated that Citi Bank had over 200 billion in cash. I was in disbelief when I read that as they were in need during the bailout.

If Citi has that, I am guessing that JPM probably has 10 times the bonus money they are paying. Some are saying the FDIC is the real culprit here, but if there were collusion with JPM then JPM being a co-conspirator knew they were buying stolen property and as such would be just as guilty IMO. I think a settlement could easily be done in cash “IF” the above has any validity. IMO.

Although I know little about BK’s I disagree, I think there has been massive documentation for her to sift through and she is being extremely careful to get things right. As others have mentioned, if she had been a little quick on the SJ, we might not have an EC. I trust she is timing things to benefit those harmed (not that I am one of them) as in preseizure. This is big dollars and at times it seems the big boys savor that more than life.

I felt a little sinking feeling when I read that part also. Made it sound like a no win to those "not" in the know.

With 24 million, I guess the question is why people are selling. Mordicai said something similar after the hearing about that, as to why is it still at 19 cents. Flippers or MM control I guess.

To me, with the presumption of being on the verge of getting another favorable ruling before the FDIC said they were not ready, I would have thought it would be in the .30 plus range. Others are more cautious obviously. I personally do not understand the caution knowing a settlement and halt could come at any time. Maybe I am “frivolous” with my money.

Some have asked why WAMU has not hit the mainstream. Since it is a slow day.....


http://en.wikipedia.org/wiki/Corporate_media

http://www.chomsky.info/articles/199710--.htm

Reverse splits are nothing more than legal theft, if you can call it legal.

I would like to think that some kind of offer would be put in front of the EC before Friday. Everytime the Judge rules in favor of WMI just gives the EC more leverage.

Yanik, good to hear that you are getting to the quantity you want. This seems to, at times, be one of those too good to be true scenarios, but things are pointing to a favorable outcome. In the end, I hope the numbers of our friend Diamond play out.

Mordicai, thanks for sharing your knowledge with everyone here.

Mordicai, what is the reasoning behind the deposit motion being continued instead of just returning it to WMI. Does it have anything to do with assets vs. liabilities and staying under BK protection?

Jimmy, I would vote for Gandalf also, but he wouldn’t have a chance….. Why?... Just like Ron Paul, Fox news would not let him into the Presidential debate. He would receive no media attention….. Why?.... Because he is for “we the people”.

Some humor for the long weekend.

How the US-Bailout Works

Young Chuck moved to Texas and bought a donkey from a farmer for $100.
The farmer agreed to deliver the donkey the next day.
The next day he drove up and said, "Sorry son, but I have some bad news, the donkey died."

Chuck: "Well, then just give me my money back."

Farmer: "Can't do that. I went and spent it already."

Chuck: "Ok, then, just bring me the dead donkey."

Farmer: "What ya gonna do with him?"

Chuck: "I'm going to raffle him off."

Farmer: "You can't raffle off a dead donkey!"

Chuck: "Sure I can, watch me! I just won't tell anybody he's dead."

A month later, the farmer met up with Chuck.
Farmer: "What happened with that dead donkey?"

Chuck: "I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998."

Farmer: "Didn't anyone complain?"

Chuck: "Just the guy who won. So I gave him his two dollars back."

Chuck now works for Goldman Sachs

They give out 29 billion in bonuses and 1.52 billion is going to hobble them?

You are correct. My post was misleading.

If you look closely you will see an IMO at the end. That is all it is, an opinion. There are others here who speculate the value of the commons and I take it lightly because we are not privy to all the documentation. I can’t imagine why the judge would know more than anyone here and it is just a gut feeling that after sifting through all the records she has access to that by now she has a lowball figure that she will sign off on “IF” a settlement is in the equation. Again this is just an opinion. I have been wrong at least a couple thousand times in my life….once more won’t matter other than the cash I was hoping to make. Good luck to you and all others here.

The judge already knows the number of dollars available. If she thought commons were worthless, she would already have cut the EC off.IMO

Dudebug, I think this may be a good thing though. I know the Judge has to stick to the legalities of the case, but for her to see JPM being lavish with the money stolen from everyday citizens may touch a nerve.

11 bil. or $6.47 a share.

Unless Bonderman has hedged his bet with bonds as has already been mentioned, he will not sign off on less than he has put in. Granted these guys know when to cut their losses, but he will go kicking and screaming all the way to try and come out on top.

Money is one thing, but the ego is still the clincher here. They hate to lose. It is the challenge to win that fuels the fire in this type of person. To stand with foot on chest with arms raised and screaming to the gods…. I AM THE VICTOR!!!!!!.

“And there is nothing the aforementioned enemies like better, than dividing us, and having us squabble amongst ourselves and spread misinformation.”

This last sentence says it all…. I am no history buff, but I’ve come to believe that from day one distraction was implemented to divide the American people by creating Democrats, Republicans, left, right, liberals, conservatives whereas to put that in place does just that…to keep us arguing amongst ourselves instead of spending our time on more important things, things like standing up for what is right and wrong. I see no reason why everyone cannot just be independent. I think everyone being independent would serve our country better and maybe far fewer cases such as Wamu would take place. Whenever Congress vote’s pressure is applied to be loyal to the party or fear being ousted. Gingrich and his right hand man Delay were good at that.

Thank you.

I agree, this needs to hit the mainstream media and show the takedown of the elite so Americans can once again get a little traction under their confidence. This perpetration was done not only with no thought to the everyday citizen, but only for those weilding mighty bank accounts.

My only hope is that our judge has what it takes to impose the maximum penalty. I love my country, but even from the beginning I am not so sure it was for "We the People".

Do we really want more assets at this point. With my lack of knowledge, due to most of my reading going in one eye and out the other, I'm a little concerned that the tax boost may put us back to solvent whereas we are supposed to remain insolvent thru bankruptcy. I am probably way off base here, but just thought I’d throw it out there. Happy New Year all.

OTC, the "games" to be sure. They had it bouncing around like a Jack Rabbit with the carrot going in the wrong end.

Diane, I had a just in case purchase order in at Fidelity for .05 and it did not go through. Either mine was too far down the line or some kind of charting mistake.