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I can't believe this stock hasn't been cancelled yet? Just checking after sometime ..... Almost more than a year now.... And yup no change ..... Newt still a crook and this stock still unsellable ..... I'll check back in a few years again
Gltya
Not able to purchase WAMUQ from WellsFargo OR Bank of America?
Tried to purchase shares this morning and was advised by WF and BoA that they are no longer allowing buy orders, only sell orders for WAMUQ....any thoughts on why this is?
I think like most of us THJMW is on the fence. We have to believe that the EC put up such a fight because there is something to gain. As simple as this seems apparently THJMW feels the same.
I dont feel the examiner will break out with some devastating news. I believe if there is anything incriminating it wont become public. We will hear of an agreement. The scenario I see happening is all parties agreeing to a settlement. Examiners report gets locked up in a vault and we wait for the magic number.
AIMO
its safe to say she's on neither side. The point of being a judge is to be objective and rule according to BK law
Okay. I may not have got my point across the way I intended. First let me assure you I have been here for 22 months and I have heard every hearing from the past 16 months, I am aware of whats going on just as much as the next guy. In fact I predicted Rosen's change of heart....anyway my point is not to place blame nor overstate the obvious. We are on the same page as far as weil actions, and the entire case. my question is why would a law firm attempt this? granted they almost got away with it, but why not back track? why not start going back to JPM and put their heads in the noose as well?
I feel Weil is very calm through this examiner process and that scares me, not because he has something of merit to back them up, but because they have proven to be snakes throughout this whole case.
If we actually paid for such info it would probably be blacked out LOL
why would a large law firm knowingly attempt this, and for that matter still to this day be stubborn about it. Weil had no objections to the examiner asking for more time. I would like to know what exactly is weil giving the examiner? Is it actual work product or just some stupid emails about whales...LOL
anybody else lose audio?
were saying the same thing debtors have fought US the EC tooth and nail
im surprised debtors arent objecting to extension.... thats a bit disturbing...they fought us tooth and nail before
just logged in....im relaxed
november 1st..... ughhhh
not a good speaker
What I mean is total tax refunds. As I understand they are rejecting the global settlement that included payments to the irs hence it is my asumption that jpmc and fdic would then be forced toforfeit their tax refund per the global settlements. At least that's my interpretation with the shareholders objection. Or am I totally off base?
does this put a>l....? Its close to 5B back to the estate.
yeah dude in just 7-10 days LMAO . It amazes me people still talk on this board.... I cant believe so many of us were conned into this stock!
GENE YOU'RE A CROOK OF THE WORSE KIND!
YES, it states it directly. However I think its a given that the POR is toast since no one was ever involved. Its just irratating that its taken this long to get to this point.
WOW....I am not surprised. Did anyone read and catch this part of the complaint: "the debtors Weil, Gotshal and Manges LLC were the sole negotiators to the global settlement" even though we already knew that, it blows me away that almost 6 months after the rape of the system and presenting these bogus POS POR's we are still here, square one!
THJMW lets put that gavel to use and come down hard on these crooks, this is outright disrespectful to the court and beyond the obvious delay tactics, what is JPM giving these fools? Do they actually think JD is going to step up to bail them out?
Is this pure manipulation of the system for delay as to a real settlement? If so, this is pure balls to clearly disregard a direct order from the judge.
The plot thickens my friends!
IMO
Well monica Im for that, but I have horrible writing skills, we should summon the great William if he's up to the task.
Maybe he or someone can write a letter and we can send email blasts to all the media outlets!!!!!!
At some point someone will pick it up.....
This article blasts Dimon but no mention of wamu? Crazy isnt it?
examiner findings or NOT
I believe much in the post from the Y board. the examiner wont say much but plead for more time. This will cause the mm's to push downward and the panic day traders will follow. I dont see much happening on the 7th in regards to the pps.
Of course unless examiner states that the POR is just plain ridiculous and the true assets arent even defined in the POR.
But as we all have learned we this usually carries no surprises for the pps.
IMO
YES. Collyer questioned the worth in comparison to Wachovia, in fact she had firmly questioned the amount of branches If i remember correctly....but then again how could i? it was like 2 years ago ....LOL
The only way this stock is moving in any way is if we crumble up our stock certificates in balls and and roll them down from somewhere.....but lets wait 7-10 days......LOL
2 years ago Rosen was on the right side of the law, its easy to have balls of steel when you have evidence on your side. After the JPM flip he finds it Much harder to show confidence when you're lying.
I think back to when he was opposing the EC and claimed to be in favor of the shareholders best interest.... i wonder why THJMW doesnt call him on that, or the pure manipulation of GLOBAL SETTLEMENT that he proposed without including the EC.
and the follow up to that from the plantiff was: "I find it hard to believe that JPM does not have some kind of valuation for securities......"
this is better than any show on TV.....LOL
Agreed. Rosen did stumble and I felt was simply misinformed. I believed he jumped the gun on old information and was burned in court, no big deal though its not like he had to walk out with his tail between his legs.
Yesterdays hearing was definetely a confidence builder for our case, in many ways but more so with the atty's that our on the EC side. The direct and very assertive responses really make the court room silent. Rosen and Co. are up against a huge team, and as they old saying goes the EC doesnt seem to ask a question they dont already know the answer to.
Sept 1st and 7th will be very telling.
In regards to the board exaggerating, well even though I have come to expect it I was looking forward to listening to the audio because of the comments. I guess deep down hoping for a weeping Rosen LOL
BTW great post earlier. Always enjoy your input!
GLTY
I guess my rant is more to the specifics that i could never just read the board and draw a conclusion of meetings and or court hearings. I read the board and had one opinion and realized after hearing the audio that the findings and or facts were completely different.
I guess I was lazy in trying to beleive the board posts rather than hear the audio myself.
lesson learned...AGAIN lol
Agreed! However, I was not referring to longs. I know its a failed attempt to try and derail most posters that comment without the research.
But education is an uphill battle sometimes with little to no reward.
I agree, in the end HOPEFULLY justice will prevail
THE TRUTH is we dont know that JPM is scared. BTW its not the content of the sealed documents its the proof of lack of production.
My point is...we really need to take information with a grain of salt and stop pumping!
* btw we are referring to TPS sealed documents.... So please do not put words in my mouth so to speak.
OK, so you see how this board had turned the mole hill of sealed documents into a MOUNTAIN. My point is we all need read, hear and make intelligent deductions of news and feeds. Its what makes this board stand out from others.
IMO
cant argue there...but the fact of the matter is whinning and crying are too different things., and the way some posters made it sound like ...it seemed all was peachy and Rosen had stepped all over himself. SIMPLY NOT THE CASE. The sad part is some posters even admitted to not listening to the audio yet still commenting...and thats just plain silly and IMO pumping .....
sealed document was referenced yesterday.... It included some of the emails that JPM produced as documents that had no bearing IE: trips to hawaii, dolphins and such that were spoken yesterday. the EC made clear that they added those as sealed because they didnt want the court to respond as to overstepping the boundries of the document discovery process. Correct me if I am wrong. I herad the audio once so i may be off......
I have to AGREE 2011....I too firmly believe this case will change and or start from scratch so to speak. It is in my opnion the examiner is probably getting very little information from all parties and as proved by JPM yesterday they are very reluctant to provide information short of a court order and sheriff standing by.
The fact that so many documents are at stake its the position of JPM/Debtors and the FDIC to relase as little as possible or relaese information that has no bearing on the request (again as pointed out yesterday in court)
Of course no one really knows the outcome. I would certainly not base any information on what 80% of posters put on the board. just look at the threads yesterday. The mis-leading posts were over the top.... Rosen crying? Really? did anyone take the time to listen to the audio? He was merely upset that he had to answer to a non agenda item. Yes, the answers given back fired on him....but people failed to include the Ec's attempt to compel JPM for the meta data and THJMW asking the EC to simply take into account what they are offering for the time being. (in other words don't be picky just yet)
Brian Rosen is pure trash AGREED, however the scenario portrayed yesterday on the Ihub by some posters was outright ridiculous.
The best assumption we can make is none at all. We have all learned this case is very unique at so many levels.
In regards to this case....i feel its far from over, we have so much evidence that will come to light that unless a settlement of extaordinary proportions is put on the table this is a long battle.
JPM/FDIC will not settle unless a gun is pointed at their head. For that matter would any of us willingly give up so much money when that same amount is making us 5 fold every quarter. THJMW is a fair judge and although her patience may ware she always follows protocol.
In the end we all know the outcome, we just need to surgically and carefully navigate through the red tape.
IMO
Penny
just saying.... it's strange the p's closed where they did. Not to say they can sky rocket tomorrow, just pointing out that in the past the p's moved huge steps before commons even flinched.
My point is simple on this. P's are not the sure thing as people on that board sell it to be.
i dont want to get into conversion and possible scenarios. They are holding on to a prospectus that could very well get killed easily.
atty or no atty anything can happen in a bk stock.
in the past the mm's have taken down the pps just before and during the hearings, I say profit takers will do the norm and the mm's will take it down.
also this is still shorted 1/3 daily no real change with that. So i expect a nice dip tomorrow
A SIDE NOTE ON THIS. the last time uq's were at .25 the P's were at $80.00. I find that interesting, it means nothing just find that interesting.
another notch for the EC belt!
Prospectus? Check out how JPM altered Bear stearns full payout prospectus. http://www.fmsbonds.com/pdfs/46625hha1.pdf
Any agreement would have to be voted by shareholders. P's have no voting rights per prospectus....
Again. Not trying to engage in the pros and cons. But your making it sound like p's have no risk and more reward and thats just not true
I agree. I am not starting nor trying to separate the investment merit of the 2 securities. i am merely pointing out that as we have come to understand this is a very unique case and has in some cases set the bar for future BK proceedings.
As in my initial post this is my opinion only and although none of our opinions matter in the end result i feel compelled to point out and distinguish that nothing is set in stone. Many thing have baffled me in regards to this stock, but one thing rings an absolute constant, this is far from over.
GLTYA
No, however if JPM wouldnt have bought them they were facing bk protection. Of course this is coming from a statement from JD himself. Bear Stearns is very similar, I find it hard to beleive that anyone investing in the p's feel they will receive full face value. A settlement is just that .... If creditors get a hair cut why wouldn't all stock. Yes the argument of the bi-laws stating that the commons cant be paid unless p's are paid in full.... read up on the Bear stearns deal and get back to me.