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Anyone see this? "Dimon deserves clawback; Bair"
JPMorgan CEO Jamie Dimon should be included in compensation clawbacks following the bank?s massive trading loss,Sheila Bair,former head of the Federal Deposit Insurance Corp.,told CNBC?s ?Squawk Box? on Wednesday.
http://m.cnbc.com/id/48147653
I'll be looking for it on the NY Times best seller list!
Long time Wamuer. I tried looking for the answer to this question. Maybe stupid but... What could happen if the plan is voted approved but not the releases.? Anyone. ? I, like many, want this over also but hate to see that the criminals involved don't even get a slap on the wrist.
I'm telling everyone..omg. someone get dan brown, tom clancy or john grisham on the line. have we got a "real" story for you.
Trial....I wholeheartedly agree. And since it has been this loooonnngggg.....I'm going to hold til the end. I just hope my 5 year old son isn't already in college by then because this will help it be a "University".
BTW...Long time holder (and lurker, but really only when there is a hearing or "real" news). I can't stand the most of the time daytrader nonsense on this board.
MONEY BAGS!
If you want to take a moment and clear your mind of all this nonsense which has or eventually will control you or your mind and reflect, then read this.
I am a long time holder since the beginning of this case. I finished my DD a long time ago, only to become discouraged with our legal system because of this case and those involved professionals supposedly representing us. But I decided to let it all ride to the end because I believed in my DD and the countless hours of DD and ideas of the true longs that have been here (you know who you are) and so openly shared their incredible knowledge. I left the board a while back. I decided to live life. Glad I did because I would have missed out seeing my son grow from 4 to 5, and my business also needed my attention. I do remember many sleepless nights either pissed off because of hearing results or dreaming of the 'settlement' that didn't or hasn't come (sound familiar?). I accepted that it may or may not come.
Looking now at this board, I know why I left the monotony of it. I can only hold in high esteem the persistence of you true longs still posting your ideals but more so putting up with the day traders that come and go as quickly as the tide, expecting the knowledgeable to divulge their information in one sentence, or where the PPS is expected to rise. This, to me, and probably other longs here is on a more personal level now. The money almost doesn't matter (I say almost because I may be crazy, but I'm not stupid). Money does make this incredible world go round and I have found, a little easier. But for me it would be a true gift to see justice brought to those who so justly deserve it.
I recently watched 'Too Big to Fail' and was/am disgusted that this great country (from top level govt officials to the avg joe (the plumber)) of ours is either so corrupt or so controlled by big business (and not just in banking) and the media that we have become totally blind or desensitized to allow this to continue to happen.
What brought me back to this board and to write my mind this day was threefold. An email I received from my sister in law, hearing the recent WAMU news, and my thoughts about all the longs here, although not my close friends, who share a common, emotional interest in the outcome of this case, which is more than some can say about people they actually do call ‘friend.’
The month of July is known as ‘Money Bags.’ It is when there are 5 Fridays, 5 Saturdays and 5 Sundays in the same month. This happens every 823 years. Based to Chinese Feng Shui, (not that I totally believe in all of it) you should forward this to your friends and money will arrive within 4 days. The one who does not forward….will be without money….. There’s more…
This year we did or are going to experience four unusual dates. 1/1/11, 1/11/11, 11/1/11 and 11/11/11… There’s even more…
Take the last two digits of the year in which you were born and add the age you will be this year…The result will be 111 for everyone in the whole world. This is the year of The Money.
To have waited 823 years for these phenomena to occur this year, I sure couldn’t have found it out and passed it on at a more perfect moment. Thank You for reading and Good luck all true longs….my friends.
Interesting tidbit on JPM if not already mentioned... compliments to BnB52 for helping me find this. More and more I hope wiki is about them.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57321122
that's a knee slapper, my kid says.
..make one desire much more that the leak be about our adversaries.
..now that's payback.. love it.eom
This will probably divulge the culprits of the entire 'banking crisis' in general. EOM.
bet you this gets JMW's attention. He should have put how old he is.
DONE! http://www.facebook.com/home.php?#!/group.php?gid=54583186280
You do need a facebook account to view.
have you posted this in the save wamu facebook page?
I heard her say "your welcome,...you may."
thank you Catz.
can anyone confirm with validity there was an 'in chambers' meeting?
thanks for the update. BTW, can you confirm there was an 'in chambers' meeting?
...and it is all speculation on who was in there and more importantly, what was discussed.
think they had an extension line into chambers?..just reaching.
Nelson was listening 'live' at the hearing. He is listed on the minutes.
RR..Happy 1000th post! Great to have Fssh and you watching our backs.
sticky that! Heck, send it to SS/EC via a Brinks truck. More and more there are so many missing links by the examiner. Seems like he was hurried to finish this report or late for an appt with someone..?
no. but there is something everyone else should do and hit that ignore button
"JP Morgan did not know that a reporter was listening in on their plans."
Here's a reason JPM took TARP:
http://blog.rebeltraders.net/2008/10/26/need-another-reason-for-not-liking-the-tarp-jp-morgan-chase-is-one/
One of the financial institutions to receive $25 Billion tax payer dollars is JP Morgan Chase (JPM). Recently a reporter for the New York Times accessed an employee only teleconference to discuss the TARP program and the money that Hank Paulson will be giving them.
"What we do think it will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling. And I would not assume that we are done on the acquisition side just because of the Washington Mutual and Bear Stearns mergers. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way.."
BnB52: go back to your message board.
any word on last weeks' debtor objection being approved?
Seeing what happened yesterday after the close cushioned my 'pins and needles' feeling somewhat. Beg my ignorance but could there be a chance that current wamuq shares could be transferred to the common shares of the reorganized co. when they emerge from BK?
Chiron... Personally, I would feel just as good getting $4 than say 2x value plus just to see the high level banking executives responsible for Wamu's demise get more than just a slap on the wrist.
Though, there is something to think about in regards to a settlement number with Nelson throwing out that $30BB number in court. A 50% compromise on that number would make it what...$7-8 dollars?
rosen's ticket to milktopia.
umaw: And with the lacked recordkeeping by most banks that was exposed, I wouldn't doubt if they try that.
Fssh
Ever think about motivational speaking? You've kept me here holding my shares with your insight (both WAMU & inspiration) for over two years now. Godspeed!
where can this document be found?
did I read write...from the P&A...does this clear JPM of any claims?
12.1 Indemnification of Indemnitees. From and after Ban Closing and subject to
the limitations set forth in this Section and Section 12.6 and compliance by the Indemnitees with
Section 12.2, the Receiver agrees to indemnify and hold harmless the Indemnitees against any
and all costs, losses, liabilities, expenses (including attorneys' fees) incurred prior to the
assumption of defense by the Receiver pursuant to paragraph (d) of Section 12.2, judgments,
fines and amounts paid in settlement actually and reasonably incurred in connection with claims
against any Indemnitee (1) based on liabilities of the Failed Ban that are not assumed by the
Assuming Ban pursuant to this Agreement or subsequent to the execution hereof
by the
Assuming Bank or any Subsidiar or Affiliate of the Assuming Ban for which indemnification
is provided hereunder in (a) of this Section 12.1 or (2) described in Section 12.1(a) below
subject in each case to certain exclusions as provided in (b) ofthis Section 12.1:
(a)
(1) claims based on the rights of any shareholder or former shareholder as such of
(x) the Failed Ban, or (y) any Subsidiar or Affliate of
the Failed Ban;
etc..etc...etc.
..only bank to be taken on Thursday. Others on Friday. eom.
jpmc sues fdic....guess it didn't work out this time for them.
http://legaltimes.typepad.com/blt/2010/08/jpmorgan-chase-sues-fdic-over-mortgage-loans.html
some interesting notes w/in those articles....
"The departing executives will not receive any special severance payments beyond what ordinary employees get."....yeah, right!
And from the 3rd article I noticed a comment down below from a supposed former employee named Dee, July 9, 2008 4:36 PM:
"I also hope they get rid of Kerry Killinger plus these days I hear he does nothing with the day to day it's Steve Rotella running the show."
Weil should p/u the tab for the work these will do that they did not. eom.
I was just googling to find where the heck he ended up after the WAMU debacle only to be directed to your post.
After reviewing posts on IHub's JPM board last night and coming across HROLLER's post hinting of JPM's 'moles', sure seems fsshy he ended up back at JPMC. You would think Killinger would have known That JPM wanted WMB back in 2004. How WM couldn't see JD was planting so many people at WM amazes me.
I am just wondering if it was WM that went looking for Rotella or was he flylined by JPM. Any ideas?