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Stock will initially make its way down to 10, and then rebound by end of day to 15/16 in anticipation of something happening on Tursady.
When nothing happens except the handing over of equity holder listings, the stock will settle back in at about .10 until after the New Year.
Next omnibus it will climb again.
IMO
Cashbuilder, any way to post the article?
k. thanks jw
how do you register your shares??
is that it?
did he just say that we won't even get to fill all the preferred?
And the commons will never be reached?
Did I hear that?
They aren't shaking the trees, they are cutting them the f@*$ down!
1.1367 mil. at 16. wow!
and wamuq is sinking with all the profit taking scaredy cats.
To each his own
Hey Gunga,
any fires up there?
And how much will the families get for the unfortunate people who did themselves in after seemingly lose their entire life savings'?
We can go on and on and on.
This could not be more obvious.
152k @ .175
what do you mean lose the Q?
ty Chiron,
just looking for some input.
any have L2 on this right now please
Anyone know who this Kevin Starke is from CRT Capital saying it is his belief that common shareholders have no chance of getting anything from a settlement?
I bet does serious business with JPM.
And he says the amounts are not big enough to have any effect on common shares for wamu and JPM.
Wonder what he would say if WAMU decides not to settle and goes after the whole pie?
Afterall it may not be a can of worms that is being opened, it may be a "entire worm farm"!
And that is only the beginning!
Insane and I would have to say illegal.
I was not aware of the FDIC being above the law.
Seems to me FDIC/JPM makes the law.
I may not be the brightest person in the world, but even a moron would be able to rule on this one.
Let's think about this for a minute,
WAMU solvent and adding to its' solvency by some 7 billion, FDIC unwilling to put 6th largest bank on 'no naked short list',(or whoever refused to do so), seized 3 or 4 days before TARP saves banks, on a Thursday, (unheard of), JPM offers 8 or so dollars per share several days before seizure, FDIC sells WAMU to JPM for 1.9 billion lock stock and barrel, JPM has record profits next 3 quarters, admittedly due in large part to buying WAMU. WAMU or WMI, WMB had over 2,200 branches across the country, Wachovia had a 3rd of that and was purchased for more than 4 times WAMU.
I'm not sure if I am making sense any more with this post but can make a pretty sustainable educated guess that there were some closed door negotiations between the FDIC and JPM regarding the takeover of WAMU, legal or not. I would have to predict that THJMW will make an educated decision, unless of course the FDICJPM tyrant has gotten to her as well.
What have the offeers been?
Sorry, have been out of the loop awhile.
I see you got back on. I added some more yesterday.
News is beginning to leak out a little here and there.
Almost feels like the FDICJPM dam has sprung a leak!
More leaks to come.
Hey Johny Winter,
nice post there with the can of worms.
I would like to see all the cans opened on all sides, then we can see who stole what from who, who was owed favors from whom, how many envelopes were passed under the table, how many common folk lost lots of cash from the seizure, how many lost money and their homes from crazy loan practices, etc.
Let's put everything on the table from WAMU, FDIC, JPM, and the FDICJPM jugernaut.
Wouldn't that just blow the top off all those ivory castles!
I will be buying many more this week and next and the week after that.
Why not?
If the ruling were going to be a No by THJMW, the No would have been said already.
She is giving FPM time to settle this without any further blemish on their company.
She is also leavibg some space for the FDIC to do the same.
Paulson the Goldman Sachs guy or Paulson the Secretary of Treasury?
Johnny seems like you might be a somewhat reasonable person, I guess.
you must admit that there are many, many, many, many, many ,many, many, many, many coincidences in regards to timing, lack of government help, (including TARP money, four days late, WOW WHAT A COINCIDENCE!, AND PAULSON NOT PUTTING WAMU ON THE NO NAKED SHORT LIST, WOW WHAT A COINCIDENCE!).
The sixth largest bank in the U.S. and they were not put on the no naked short list. 14 banks that were smaller than WAMu were put on the no naked short list.
Seems to me that there was an alterior agenda going on with WAMU.
Seems to many people, and I believe we can include a few judges in there feel that there was an alterior agenda going on.
Seems to many folks that FDIC and JPM had something going on behind closed doors.
Could you imagine if that were ever to get out into the public forum, (of course if it is true)
There are many intelligent people on this site, others who are just going along for the ride, whether it be up or down,
but most can read between the lines.
Soon JPM will be placing all the blame for this deal on the FDIC.
The FDIC will counter by blaming WAMU for bad banking practices and driving themselves into the ground.
Then WAMU with their talented team of attorney ALL-Stars will prove beyond a shadow of anyones doubt that it wasn't JPM, it wasn't the FDIC, it was FDICJPM!
The more and more I read, the more and more it occurs to me that in this debacle, the FDIC and JPM are one in the same.
Wold have loved to have been a fly on the wall in those private meetings between Bair and Dimon.
Probably went something like this, and you can make a jdgemnet on who is speaking, "One for you, one for me, two for you one,two for me," repeat over 29 billion times or so.
Go WAMU!
The bad stuff made them money also!
I know ant!
The more and more research I do, the more and more I am convinced that the FDIC and JPM are in bed together and were way before this WAMU heist went down!
And for the media and government to cover this up wow!
There is no conspiracy theory here!
FActs written on paper!
I find it disheartening in this country that what is supposed to be the most fair and honest justice system may be turning into a joke. Any person who can read and or hear knows what the FDICJPM co. did to WAMU!
Understandably everyone here is giving THJMW the benefit of the doubt, but let's be honest here, she needs to make a decision on this!
how much more evidence does this woman need?
A bank deposit book, the receipts of the money JPM is paying to insure the deposits,
even though the JPM lawyers say it might be there it might not, not sure but when we are sure you know there is no way we will let you know because we probably won't be sure.
HA!
The only things JD and Bair were missing were guns, ski masks, and a get away car!
C'mon your honor!
Hey ilenes please keep us updated on who is there, what is being said off record ,etc. ty if u can
I had to throw those in. Sorry. But don't forget WAMU was not Crazy EDDIE's,
"They weren't giving it all away!"
There is no way that anyone here can tell anyone else here that WAMU was not solvent at time of hostile takeover the FDICJPMC!
I am trying to come up with a comparison, but think this one may be on a level all its' own!
The tone of tomorrows omnibus will give a tell. Judge Sleet will give a hint about something. I only started reading a few months ago, (not only on this board but articles and researcjing), and have to say I honestly feel like a great travesty was don ehere.
Four days before the TARP and a week or so after JPM offered WAMU 8 dollars per share, The FDIC comes in and pulls the carpet from under WAMUs feet.
Man if that doesn't send up a red flag to anyone with an ounce of intelligence not sure what would.
I've heard of discounts, but even when Bed Bath and Beyond, or Nobody beat s the Wiz were going out of business, (admittedly), the sales were no where near as good as the one JPM received from FDICJPM for WAMU.
How many people were harmed from this?
How many greedy pigs got fatter?
How many lies were told?
How many crimes were committed?
How many laws broken?
And now, JPM has record profits for 3 or 4 straight quarters after the theft of WAMU.
Guess it's just a coincedence?
ty for the clarification. Thought it was extremely high. Yesterday also. My buddy said same thing as you. No way that high.
Franfurt over 61 million trades.
last trade .0870 euros.
holy smokes!
IS there a way to listen in on Wednesday, omnibus?
I'm a supporter.
Think WAMU was wronged on so many levels.
Just think there is lots of fear here.
I own and will add accordingly.
Frankfurt keeps dropping. At .960 and counting.
I say it goes to .12, maybe .11 and then bounces real strong!
Will buy more at this!
at what time EST was last trade and does anyone have volume for day, (Frankfurt please)
anyone know what's up with frankfurt or was trading of the stock halted?
I am betting my shares that the JPMFDIC are frightened of the legal team WAMU has assembled and know that they are in a ton of cow dung with what they did to a solvent bank.
How they can justify seizing a bank 4 days before the TARP, selling it to JPm for 1.9 billion a few days after the same bank offered $8.00 per share is a tough one to answer.
This JPMFDIC company that was assembled behind closed doors are now finding out that those doors may be flung wide open if they do not do something soon.
I hear settlement walking down the halls of justice with a pair of handcuffs and empty sachel in hand that needs to be filled right quick!