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Larry, not sure if that message was meant for me, cuz' I don't know where you might be going Tuesday or Wednesday, but it didn't need to have a bunch of assets listed...Just a few key one's, and of course the mother of them all...That would just about cover everything, no???
Sure, that's what it says now...But that wasn't there originally...
Not exactly, it was more or less just some specific assets that were seperate from the "whole bank", er "ban"...There was more schedules under 3.1, but it was 3.1a that was the kicker, and most memorable...Would you like to know what was in it??? Huh, would ya, huh???
Well, I don't have a copy, but I can tell you what was in it...
Sorry Royal Dude, I meant mDavid dude...eom
First, no reason to get cocky dude, I just thought it was unusual...But what's more unusual is that they let someone out of 20000 short at $4.00...
ATWO
WMI had to file the claim with the FDIC first, which is not part of the court proceedings, which is why you will not find it in court docs...This gives the FDIC the opportunity to settle, or deny, in which case then WMI can file with the bankruptcy court...
ATWO
Post #53775-Does anyone remember seeing the name of Brian Bessey, whose name appears on that Doc., as well as on the P&A agreement with Mitchell Glassman??? I remember seeing those names, plus a female named Sara I believe, in some of the court docs regarding fraud/altering documents, and referring to them being charged for it...Does anyone remember this, or am I nuts, and does anyone have an idea about the outcome of this situation...I believe it would have been in one of the Oct/Nov court filings...
Thanx,
ATWO
Does this have to do with Ira Hill Case, IRA's, or the Washington Mutual Foundation??? Or are they all tied in???
Does anyone show strange readings for Wampq today???
My positions show everything to be normal, but my quote grid shows ?WAM... which is what it does when it doesn't recognize the symbol...And the rest of the grid is empty, not even 0's...All the other WMI stocks read like they always do, just not WampQ...
Also, yesterday 1/23/09 there were 3 headlines in my streaming news regarding JPM closing Wamu branches in the Chicagoland area, and they have been removed...The recommendation HOLD headlines from 1/22/09 are still there however...
Is anyone else showing strange things on their streaming boards...
ATWO
Does anyone show strange readings for Wampq today???
My positions show everything to be normal, but my quote grid shows ?WAM... which is what it does when it doesn't recognize the symbol...And the rest of the grid is empty, not even 0's...All the other WMI stocks read like they always do, just not WampQ...
Also, yesterday 1/23/09 there were 3 headlines in my streaming news regarding JPM closing Wamu branches in the Chicagoland area, and they have been removed...The recommendation HOLD headlines from 1/22/09 are still there however...
Is anyone else showing strange things on their streaming boards...
ATWO
Ohhhhhhh Noooooo Apophis....
2 cents coming sooooon....What are we gonna dooooooo...My life is overrrrrrr...Whoa is meeeeee...
Buck up Dark Cloud...
ATWO
Fraudulent conveyance/transfer...
I concur CNBC shows 44% owned by institutions, and 11.6% by mutual funds...What do you say to that Shmuckboy(Apophis)
http://data.cnbc.com/quotes/WAMUQ/tab/8
I do own shares Apophis...The question is do you own shares??? And you could not possibly own shares because, they're gonna cancel 'em, and the one's who paid a few cents will get nothing...So why would you own shares if this is your sentiment...
as for the question about whether I'm lonely or not...The answer is, not anymore since I have you to keep me amused...
Do me a favor though, change your screen name to "Dark Cloud", so that people can skip over your posts without actually having to click them...
A dog with Spock ears....AAAAHHHHAHAHAHAHAHAHAHAHHA
I can't...There is absolutely nothing you can say at this point that I or anyone else on this board can take seriously...Yer like a talking dog...Everyone is so amused by the novelty, that they can't hear what you are saying.....
Oh no!!! Now I just pictured a talking dog with spock ears on...
AAAAAAAAAAAAAHHHHHHHHHHHHHHHHHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Or maybe they could be wisked off to the outer reaches of the galaxy by the Decepticons...
Oh great Apophis, what other nuggets of wisdom can you bestow upon the lowly board readers...
Dude honestly, I'm gonna bust a gut here...I can't stop thinking about you walking around the house in spock ears....
Ahahahahahahaha
Oh, well now i'm impressed!!!
"I am Apophis the Destroyer"!!!!
Mom, can you make me a peanut butter and jelly sandwich please...I need energy for when Dewey comes over to play Dungeons and Dragons....
AAAHHhahahahahahaha
Ummm, yer late...Bopfan has already reitterated that the FC argument may still be in play...But I'll tell you something you don't know.........
Apophis is a Trekie!!! Hahahahahahahahahahahaha
Pass it on!!! Hahahahahahahahahaha
Still LMAO!!!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Dude, you gotta get outta here...Everytime I see that screen name i'm gonna bust out laughing...
Eek nok nuk nuk Apophis....HAHAHAHAHAHAHAHAHAHAHAHAH
It's worse...Apophis is a Trekie!!!
I am literally sitting here LMAO!!!!!
I can hardly type....
Shouldn't you be at a convention or something....HAHAHAHAHAHAHAHAHAHAHAHAHAH
Damn Diamond, you beat me to it....
Apophis??? What is that??? It sounds like a rare form of Herpes or somthing...
But what is it like to extroardinarily small in a big world???
Were you picked on as a kid??? Did yer mom not love??? Or worse yet, is your name really Apophis??? That's it isn't??? They hung you with a hideous name and you're upset...O.K., go ahead and let it out, we'll understand...
ATWO
My prediction: JPM Bank of the Universe...
I think this is all by design, and we are seeing the one world monetary system unfold before our eyes...And we're to lazy to revolt...go wamu.
ATWO
The guy on CNBC just said that the Wamu transaction turned out to be better than expected for JPM??? This is nuts!!!
ATWO
Well, that's part of my point...Some of my best trades have been the opposite of what Cramer recommended...His negativity on the subject confirms in my mind, that I am in the right place...
ATWO
Dude, yer sounding like Indian...
I concur with your pessimism WAS, as I have stated in the past I am a fairly negative person...So much so that I kinda hope the whole system would fail, because I feel I personally would thirive in anarchy...But technically, we are still living in the so called civilized world, albeit not necessarily for very long...And though justice is pretty much a joke in this country, I have a feeling this f@^&up is way to obvious, even to the stupid people, for it not to be settled in a so called civilized manner...Of course anything is possible, and very likely probable that the powers that be will d!@ksmack the American public yet again in full view of a billion witnesses...But honestly, if I were Sheila B or Jaime D, I'd be fairly concerned about the guy who's life has been utterly ruined and waiting for this thing to play out...All the while polishing his 9mm, while the reality of the way things are now eat away at his guts...Now multiply that guy by who knows how many...And all it takes is one to have the stones to carry out his/her own brand of justice...
For the record, I am not that guy...It just so happens that my life and business are deteriorating along with the general economy, and has little to do with the WMI/JPM/FDIC fiasco(but it's certainly not helping)...I did discontinue banking with Chase awhile back because of a wire transfer converted to Euros that they charged me an exorbidant amount to transact...The branch manager acted like he didn't care about my measily 11k that I pulled out that day...Until of course I brought me mum in the next day to pull out about another 120k..That I think bothered him...
Bottem line is, try not to get discouraged...And things usually have a way of working themselves out...They'll just work out better if this baby flys...
ATWO
Did anyone hear Cramer talking about the vulnerability of common shares in regards to what's happening with BAC, C, and he mentioned how lehmq owners now exactly what he was talking about...Well, the first thing that crossed my mind was that it was an orchestrated shpeil(?), directed at Wamuq holders to shake shares loose...Due to the fact that he is a major Jaime D and Shiela B ass kisser, and it seemed like he was instructed to drive this point home one last time before the Fat Lady Sings...And of course he didn't mention Wamu, because the media, CNBC especially has been instructed not to mention Wamu...I just wanted to share that thought with everyone cuz' it struck me profoundly, and immediately after he said what he said...This episode will run again tonight if anyone wants to check it out and give their input...
Again, this is just what I thought at the time, and I'm not pumping here, I just found the whole thing very interesting...
Lastly, and regarding all these banks, an interesting read from one of the more credible poster on the other board...
ATWO
"President Obama is just what the market doctor ordered. Investors in financials (XLF) were initially racked with fear at the thought of losing the remaining $350 billion in TARP funds to distressed homeowners and small businesses but I don’t think this is a negative for financials at all. I have a variant view on TARP 2. I think this move suggests that mark to market is about to be repealed by the new SEC which will pave the way for a sustained financial recovery.
Smart people do smart things. When one takes a look at the 2008 crisis and asks what could have been done differently the answer sticks out like a sore thumb: REPEAL MARK TO MARKET ACCOUNTING! The chairman of the SEC, and I’m not going to leave out President Bush or Secretary Paulson, decided that the entire financial system should be pushed to the brink of collapse in order to keep this ridiculous accounting regulation in place.
This decision to hang on while the confidence of the American people dwindled was the single dumbest decision our government made. Trillions of dollars would have been saved from government bailouts and market losses, not to mention the millions of jobs that would have been preserved had the SEC correctly managed this crisis. Americans should be furious at the fact that our own government misdiagnosed again and again the root cause of the financial crisis. For some unknown reason they didn’t listen to those like Steve Forbes who gave common sense suggestion after common sense suggestion to get rid of this thing, they didn’t listen to former FDIC chairman William Isaac, and they certainly didn’t listen to me when I recommended it back in July of last year. Before I get too worked up on this issue it’s important to remember that 2009 isn’t 2008. Leadership is about to change. Obama has selected Mary Schapiro as the new chairwoman of the SEC and if you read into Obama’s TARP 2 announcement, mark to market is about to get tossed.
What am I seeing that others are missing? I’m seeing a new President who is sick of throwing money at an accounting mishap. He’s not going to give another dollar to the banks. This doesn’t mean that he’s going to let them fail. Absolutely not. It means he is going to make sure they won’t need any more balance sheet help. There are several alternatives to the current law that would work just fine, he’ll pick one of them; maybe it will be the solution that they came up with in Europe (by the way it only took them one week to figure it out). Obama’s memo to congress about TARP 2 basically was a green light to investors that the worst is behind the financial sector.
By eliminating the baggage of mortgage backed securities from financial balance sheets, many of these companies will be free to begin lending again and their stock prices should begin to recover. The obvious winners will be Bank of America (BAC) and JP Morgan (JPM). Two solid banks that turned themselves into titans as they beefed up during the crisis. Acquiring Merrill Lynch and Countrywide was a brilliant move by CEO Ken Lewis as was the merger of Bear Stearns by CEO Jaime Dimon. In the short run investors have been worried but in the recovery they will be giddy. The opportunity to buy BAC under $11 and JPM under $30 before the market catches wind of a possible mark to market change is a wonderful opportunity. Obama is about to clean this mess up."
Remeber people, if it is JPM who eventually buys us out, we need to put the indifferences aside and hope they are still in business to achieve our goals ($$$).
Yeah, that's where it went after I bought at $4.30...It's Scottrade, certain things do not show up for Wamu stocks...I did finally get the 52 week high and low back on the board yesterday though...But still 0's on volume, and days high/low on PQ...Just a wee bit irritating...
By the way, Apple is halted right now...Maybe they're buying out WMI:)
Kidding...
ATWO
Hey Guys, just bought some PQ's at the end there, does everybody else show $1.00 as the last??? Or is it just my Scottrade Elite???
Thanx,
ATWO
Well, that's what I was hoping...Maybe the 4.4B is not an issue anymore, and was just removed because they are beyond that point in negotiations...Just my opinion...
ATWO
I believe people are confusing the 14th cancellation with the 29th...However, I believe that Z stated that the hearing on the $4.4 was no longer on the docket for the 29th...Not postponed, just no longer there...
ATWO
O.K., I was thinking they were written by the same person, but that maybe the wording had changed between the time of it's first release, and then maybe a correction had been made...But both do say Washington Mutual inc., and this JPM pushing up earnings, and the postponed court date are very interesting issues imho...
Thanx Tony,
ATWO
That is exactly what I was thinking...
ATWO
Wait a sec Tony, do you notice the difference in the wording from what I posted to the one you posted??? Mine says...
"Spokesman Joe Evangelisti said the bank set the original Jan 21 release date to allow greater time to account for its purchase of Washington Mutual Inc (WAMUQ.PK: Quote, Profile, Research) assets, as well as the Martin Luther King holiday on Jan 19 and inauguration of Barack Obama as U.S. president the next day. He said, though, that the bank would be ready to report results sooner."
and yours says...
"Spokesman Joe Evangelisti said the company had originally scheduled its fourth-quarter report for the third Wednesday of the month, its usual reporting date, because it anticipated needing more time to calculate the results of Washington Mutual Inc. (WAMUQ), which will be included in this report for the first time. He said the Martin Luther King Jr. holiday next Monday and presidential inauguration Jan. 20 also were factors in choosing the original date."
First off, I took it to mean that this guy let it slip that JPM is calculating the buyout for "WMI", and not a typo for "WMB" as some suggest...But I am assuming you copied and pated your article, as I did from the Yahoo board, yet it is clearly worded differently...Anyone else find that strange???
ATWO
From the other board...Interesting...
UPDATE 1-JPMorgan to release results Jan 15, six days early
Mon Jan 12, 2009 9:55pm GMT
Email |Print | Reprints
[-] Text [+]
NEW YORK, Jan 12 (Reuters) - JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), the second-largest U.S. bank by assets, on Monday said it will announce fourth-quarter results on Jan 15, six days earlier than planned.
Spokesman Joe Evangelisti said the bank set the original Jan 21 release date to allow greater time to account for its purchase of Washington Mutual Inc (WAMUQ.PK: Quote, Profile, Research) assets, as well as the Martin Luther King holiday on Jan 19 and inauguration of Barack Obama as U.S. president the next day. He said, though, that the bank would be ready to report results sooner.
It was not immediately clear whether the acceleration suggests that results will be better or weaker than investors expected. Evangelisti declined to comment on that matter.
Analysts on average expected a profit of 5 cents per share, according to Reuters Estimates.
The fourth quarter is the first full three-month period since New York-based JPMorgan on Sept 25 spent $1.9 billion to buy most assets of Seattle's Washington Mutual, the largest U.S. banking failure.
On Dec 11, JPMorgan Chief Executive Jamie Dimon said on CNBC television that November and the first part of December were "terrible" periods for JPMorgan. Analysts have since lowered their earnings forecasts for the industry, including for Bank of America Corp (BAC.N: Quote, Profile, Research) and Citigroup Inc (C.N: Quote, Profile, Research).
JPMorgan shares rose 40 cents to $25.31 in after-hours trading following the bank's afternoon announcement. They fell $1.06, or 4.1 percent, to $24.91 in the regular trading session. (Reporting by Jonathan Stempel; Editing by Bernard Orr)
You will only find reference to these bids on the other board from Garry Denke...Basically what Garry claims is, that his company is involved and/or responsible for doing Abstract Title searches regardining the Wamu/FDIC/JPM fiasco...Garry states that in his findings, that WMI and WMB, are somehow inseverable, and I take that statement to mean that because assets were so intermingled, like a spider's web, that it was not possible for WMI to be severed from WMB...Meaning you can't take one without the other...This is something I mentioned awhile back on this board, because I was thinking that it would have made sense for WMI to have owned any property that WMB may have operated in and leased back, in which case I don't see how the FDIC could have conveyed the real property to JPM...Hence the fraudulent conveyance argument...And I'm just using the real property as an example...There may have been all kinds of assets intermingled this way making the two entities inseverable...
Now the part about the bids as I understand it, is if the two entities were inseverable, then by all rights the FDIC is technically still in possession of the banks, and a settlement has to be reached for the entire package of WMI/WMB for this to move forward...If this is the case, then there are any number of entities that would be interested in purchasing the entire package for assets, NOL, etc., and Garry claims that bids have been made by the aforementioned entities, but came in too low for WMI to accept them...
I know all this sounds unusual, and many think that Garry is a nut...But due to all the secrecy regarding this fiasco, I could easily see that potential deals are on the table, and that we won't know anything until the proverbial "fat lady sings"...Now the reason I tend to believe that Garry may have a clue is due to my research on him, and claiming he does Title searches in these situations, well, that's what guys like him do...And I find it very strange that even if Garry were just a nut, that his nuttiness would somehow manifest itself in any way regarding WMI...
This is all my opinion, and just going with my gut, but I will say when ever I go against my gut, my gut turns around and kicks me in the ass...
ATWO
Yep!!! 95k @ .033 now...eom
O.K., here is the scoop...
The things I keyed in on, was Gasperino stating that Dimon was good at calculating certain risks, and not good at calculating other kinds of risks...Read into that what you will...But he also said that within a couple of weeks, we will see that J.D. is human, and that he will no longer be viewed as the "King of Wall Street"...There was no more real elaboration than that on the subject, but I found it interesting...
ATWO
CNBC is about to say why Jamie Dimon is on the HOT SEAT!!!!
Could it be???
ATWO
Thanx man...Much appreciated...