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I have E Trade and got my 8 free shares today but nothing else in notice section!
I have Etrade and don't show any added shares!
hotmeat, the uw's were there at the last hearing defending and siding with Rosen that they wanted to be in class 19!
Stoxjock, i had a questionnaire pop up on my E trade account a few weeks ago when i tried to sign in on my account, i don't remember all of the questions but they asked if i worked for or associated with any broker and i believe they said hedge fund etc. and also asked if i new the laws of the SEC. there was others but can't remember everything. i thought it was kind of odd to be asked these questions being the first time in 9 years of being a E trade member. It might not mean anything but did anyone else get this with E trade Acct. i have WMIH and escrows GL carguy64
Justin i always thought kkr was there just to make it look like we didn't have anything left till the end of this mess to start new company with and we would just cut them a check for 2 million to terminate the deal like it stated in this doc. you just posted. i don't know if that's on the table yet or not.
Didn't i read somewhere that if WMIH didn't end up using KKR that they had to pay them like 2 million for i guess wasting there time, does anyone remember something about that?
What would the Hedges have gotten if they would have taken the money instead of shares in the new company? Why wait for 5 years if new shares and tax deductions are worth peanuts, they could have taken there money and reinvested it 10 times over in 5 years time, why did they fight so hard to get rid of us? This is why i am still here holding out! GLTA carguy64
i have audio but no video, anyone else?
BK, why are the attorney billings so high if everything was sold off to JPM long ago? They can't be billing millions just trying to resolve the few employee's claims etc. that are lingering. please help me understand this. Thanks carguy64
bkshadow, I've been looking for the sealed docks in these digital data files that you speak of, i am not finding them? if everything is out in the open and written down in black and white us uni corner's should be able to see them. Also if the the big money holders were short 12 billion from being hole, why wouldn't they fight for it? especially when Jpm is bragging about a 30 billion gem that he stole that made up a very small portion of WM, they are not idiots! they are expecting something yet imo. carguy64
Roach, it must of been a dream because they were closed in 2008. I just think cash was short after fabricated bank run, if not for that I think they had a plan to survive. gl carguy64
I hear a lot tonight about Wmb being under capitalized at the time of the FDIC fleecing. imo they had enough equity but it was not liquid equity, it was mortgage loan equity. liquid cash was a problem after the bank run jpig and GS started with the rumor mill. And after the collapse of Lehmans I don't believe there were a lot of buyers for mortgages at that particular time. TPS seen equity or they wouldn't of put a dime in the bank imo, but it was to late, the big boy had the deal of a lifetime set up with Sheila and Wamu was gone. i'm not on the 200 billion wagon but I would believe in several billion would be fair and reasonable. glta carguy64
onco, There's that gun to our head option again, vote for this or you will be wiped out eventually. gotta love this whole settlement we got. gl carguy64
pickstocks, that's what i thought also, but withcatz told me JPM is responsible for any cost that the FDIC endured in this BK. gl carguy64
Lex, If they take the escrow discussion away from here this would be a ghost town imo. carguy64
BlueFoxx, I myself would rather been canceled, at least that way a good attorney could of ran with this and unraveled this settlement the crooks agreed to in the beginning. That is the only reason JMW let the the insider trading talk even come up in her court room is to keep this from unraveling. The original U S trust attorney new there was more then enough money to go around or he wouldn't of asked for a equity committee to begin with. If this would of went down the way it should have, (not gifting everything to jpig) know one would of had to take a hair cut, creditors shareholders or other wise. The first thing jpig did is wrote off 30 billion in bad loans that were not all bad, i hope he chokes on his capital gains and our tax refunds that were gifted to the pos. All for 1.9 billion, WOW. And then after waiting 3 more years to only be trading at a break even point and i'm not even a pre holder, i can't imagine how a pre holder feels, i would go postal as you probably would if you were a pre holder also. I'm glad your happy with this arrangement with the back stabbers we are now in bed with, i myself am keeping the Vaseline handy for the next round. GL carguy64
hotmeat, i started to post the same thing earlier but had customers come in and interrupt. That's the way i see it also. Why would wmilt have creditor claims against FDIC if everyone was in agreement that there where assets that didn't belong to Wmb but solely WMI at take down and would be returned or get the cash for them assets that where sold when this ends. And as far as the off balance sheet loans, where these the loans that someone on here showed a document that the FDIC had sold some Wamu loans in 2013 to another bank that didn't have any involvement with the bankruptcy? That would make since being that jpig according to BKshadow got the portfolio loans but had servicing rights to maybe the off balance sheet loans would be a guess, that would explain alot! Happy New Year to everyone carguy64
BlueeFoxx, All I see here is debtors didn't fight FDIC for the amount that they sold Wmb assets for. I would think a holding company (WMI) would have eggs in other baskets that FDIC bundled in with Wmb that they shouldn't of imo. Why did Sheila ask congress shortly after her f**k up to include holding company assets in bank take downs, it wasn't a law when she did it imo. I still think the crooks thought they would get these other eggs back at the end of this mess instead of us shareholders. I might not be as book smart as some here on the board, but common since tells me there is more to this. My local $175 dollar family attorney could have got a better deal then this .50 shell company that anybody could of bought without waiting 6 years, again imo. Maybe your right, that's why Sussman didn't have this case on there website bragging about the settlement as they did there other one's. But I will only give up when the escrow markers are gone from my account. carguy64
dragoon76,this was one of my first investments, what a ride for first time out. I just have to remember the smartest sounding people on the board are not always the most knowledgeable is the way I should of worded it, probably great for fishing and drinking beer with but not BK stock advise, lesson learned. gl carguy64
BlueeFoxx, I remember when you were preaching to everyone here on ihub about all the money that was going to be left for shareholders even after Rosen said there will be know money for us, we were going to be wiped out. If all the documents that were presented in court then said we were toast, why the change of heart? There was know new documents stating anything different, Rosen said we were toast then and he say's we are toast now, other then shell company. either you were wrong then or wrong now about the LT! i put just about all my eggs in this basket mainly because of what was spoken on this board, it did make since, we had a 350 billion co. that got sold for 1.9 billion. I know, don't believe everything you read on the internet. So now who's DD do i trust from here on out? That document yesterday talking about the new bill proposed by FDIC wanting to include holding company's of banks be held responsible for bad banking tells me Sheila has know rights to holding company assets or we wouldn't need this law today imo. it was not a law when the theft occurred, so i'm thinking we just might have a chance(meaning the LT) could still see big bucks or unicorns imo. If there was a 3.1 document that itemized wmb assets and holding co. assets i may think differently! scriveners air my a##. time will tell. i'm off to the watering hole. glta carguy64
Hotmeat, Someone here on Ihub explained why the properties of K-mart were not a part of BK, they said that if the properties had been written off for tax purposes over a period of time they would not have to be shown as assets anymore as far as the BK courts were concerned. Not sure if that is true or not and if it is, is that just for buildings and ground only or other property like jet airplanes and other items that seemed to have vanished back in Sept. 2008 from Wamuland? Anyone please chime in. glta carguy64
Dono, the FDIC has to be holding something back imo. they have already said they didn't lose anything on this deal but i have yet to see a Bill for there attorney fee's/administration fee's etc. they must be holding something back, again imo. just how much and how much are they going to use? gl carguy64
If we don't have anything to hang our hats on for escrows as uncle bo has suggested and we have a company that may or may not produce a wooden nickel, i do not hear anything close to fair and reasonable imo. If someone smarter then i am and lives close to the crooked court house wants to take the lead on starting a law suit against receiver or the idiots that held a gun to our heads and said this is a good deal and your only hope is signing off, i would be willing to throw a couple of grand in to help get started. i know it would take several of us to make it work but this so far is one of the worst financial crimes i have ever witnessed in my 50 years of breathing! If you want to wait for next couple of deadlines to pass to make a decision. that is fine but just want to through this out there, i have seen so many deadlines come and go i think something has to happen before its to late. gl carguy64
Thanks for the information guys, my buddy is in this heavy at $8.00 a share. He was going to try to average down but we were worried about a reverse split, i guess it could still happen but at least they won't be forced to for a while imo. thanks again carguy64
BK, Someone had a document on here a while back showing the FDIC selling WMI or WMB mortgages to another bank in 2012 or 13. If everything was sold to JPM in 2008 where did the mortgages sold in 2012 or 13 come from? Also someone this morning on Ihub listed subs owned by WMI at the end of 2008, Where did they go? This is all above my head please help me understand how a holding company with all these other subs that FDIC could not touch legally be flat a** broke. carguy64
Won't they have to do a reverse split at some point. They can only trade on NASDAQ for a certain amount of time under $3.00 a share. can anybody clarify that for me? tia carguy64
I have been debating all day whether to jump in head first or not, there are a couple things that scare me about this stock. I have friends that work in one of the exide plants, they are saying business is slow because of John Deere slowing down and laying off several people, they are a big exide customer in Ia. Also Delaware court system is not very creditor and share holder friendly imo. that's why all these companies file in that state instead of where they actually do business. on a different note, the big boys usually run the share prices up and down several times between this point and the actual approved plan of reorganization, so a guy can make a killing on the swings imo. I just don't know if I have the time to baby sit the up and down movements right now. Also just got thinking about another thing that might help the company is metal prices are going down rapidly and lead prices might follow and that means it may take less money to operate imo. Sorry for rambling. just some thoughts on a slow TV night. glta carguy64
nranger, Yes it is wearing on all of us. It only took FDIC a couple months to decide wamu was running out of cash flow but 6 years later they can't tell us what our escrow shares are worth if anything, simply amazing imo. Also there seems to be a few that think the 3 year deal on Nol's is not true, then i don't understand what the hold up is on acquiring another company. I know that most of the BOD could care less about us and i'm afraid they will just end up selling us privately for pennies and we will get screwed again. In any case i wish they would just make a move so us lifers (seems like) can move on to something productive with our scrapes. I wanted to sell some of my position several weeks back but my wife reminded me this isn't what we waited 6 years for so i keep holding with fingers crossed. glta carguy64
I have to hand it Sheila Bair with the FDIC, she took down a 350 billion dollar corporation just in the nick of time. if there's only possibly a few million left in our escrow water fall when this is settled as some say on here, she is damn good in what she does to call this that close, she said Wamu was solvent, but just by a few million? Wow, just think if she would have waited a couple more days there would have been nothing left. GIVE ME A BREAK imo. carguy64
BKshadow, i asked you this question before and only got a response from LG. what was the depositions for ex exec's about that were postponed till the middle of next year? what was the wmlt after. i wouldn't think it had anything to do with this D and O ins. thing or they wouldn't have postponed so far out. Would like to here your take on this tia carguy64
Hotmeat, Lets hope the FDIC didn't sell them for a penney on the dollar like the rest of the estate imo. glta carguy64
Zalviny, Are you being Serious?
Mike Willingham. If you still are watching this board will you please put these FDIC held mortgage and assets thing to rest. If there is money coming back to escrow accounts from with held assets you should be able to tell us that. they are not trade able, so should be able to discuss this part of recovery if any. Please help us shareholders move on one way or another and put some minds at ease. tia carguy64
denny, didn't say it had anything to do with us personally, just the some of the same groups that f--ked us from the get go including jpig and Goldy. imo gl carguy64
U. S. Attorney general Eric Holder stepping down as soon as they find a successor. I suppose Jpig got to him to! This will change things as far as punching the big boys for there financial melt down crimes imo. carguy64
BlueFoxx, if i'm wrong i apologize, but i was thinking JMW turned down the first request for a EC. but this has been drug out so long i am starting to forget things and don't have time to dig through the rubbish to find it. Also she would only allow limited discovery to EC and if someone did not produce documents seems she would not enforce it.
i know she helped us in the end, but it again was limited and a little late imo. I have always enjoyed your D D and opinion, but we seem to have a different take on JMW. GL carguy64
BlueeFoxx, If this lady was so honorable, she would of allowed a EC at the beginning of this mess. This wasn't her first rodeo, she knows how the crooks f--k the share holders. This was a 350 billion dollar business, she couldn't see this coming? B S--t imo. carguy64 PS. i was going to invest in a battery company that is in BK till i seen it was in Delaware court system. never again will i fall for that!
LG, that's ok, if your right in your predictions, i will be the first one to give you a big KISS in Vegas, and i'm as straight as a arrow lol. carguy64
wamu, i remember that day also, i listened in to quite a few of these hearings, i learned a lot and there's a lot i'm just not educated enough to understand. I did like what i read from the poster's that were in the court room that day. i just don't understand the examiners roll in this, the only thing i can think of is he didn't have to report what FDIC was holding in assets, that's kind of what a few others are saying on here, that's why the assets are not showing up on the books. or he was paid off? I know he wanted to be released from any liability, why is that? is that standard language in a bankruptcy? i really thought we were going to be made whole when Sussman got involved with the examiner. but why the secrecy? There's know one other than employee"s claims left here to care that the FDIC was holding a ton of assets, so pay them there few million and let's move on already. I'm still hoping for the best, just don't understand the secrecy if its legal for them to hold assets back! still hoping for the best but confused as heII. GLTA carguy64
LG, The one thing that bothers me a little is during court when the insider trading was being discussed, i believe it was when Walratt was alloying mediation to take place. she told the court she would not alloy the EC much time to investigate because it would cut into the funds of hire up creditors and she wasn't going to hold up there recovery while this was being drug out. i don't remember her exact words being it was a 100 years ago (seems like). but if there was billions on the line, it just doesn't seem she would of used the tone she did, just like your claims are color full but it doesn't amount to much so don't waste to much of everyone's time. that's just the opinion i got listing to Walratt that day, but i was listing on computer and not there live. LG i love your enthusiasm and hope your 100% right. i just didn't like Walratt's tone. GL carguy64