Democracy starts with you, tag your it! ...Thom Hartman
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Could Rosey create a fake leak Monday am that appears to make equity seem shafted? We are often imagining on these boards that any leaks, if at all, to be positive for equity as we believe in the potential for a happy ending.
Maybe in preparing mentally for whatever Rosey's last hurrah is, we prepare for this also. Monday morning might be ugly.
Could he get some cohorts/mm to dump/sell large amounts of shares to another cohort/mm while simultaneously driving the price waaayyy down making it look like there was a big leak very negative to equity.
After racking my brain for any games Rosey could play, I think there is a real good chance of this as POS POR's stating equity gets squat, isnt working for him any more.
two new kccllc
10/20/2010 5639 Notice of Agenda of Matters Scheduled for Hearing on October 22, 2010 at 10:30 a.m. (EDT) 4465 k
10/20/2010 5638 Certification of Counsel Regarding Debtors' Forty-Eighth Omnibus (Substantive) Objection to Claims
JD never in love with Obama.....lol http://www.huffingtonpost.com/2010/10/19/jamie-dimon-obama-_n_768299.html
Lovely place. Hit Winthrop Brewpub for me while your out there. Great beer; lucky dog!
Happpy Birthday Yanik. I hear you and DITTO!
Seems to be a lot of worried people these days throwing papers in different directions every time the wind blows....hoping they have covered their a$$.
I have 100% confidence in SUsman's team as we roll along to Nov 1. I know our result will be ironclad and unsinkable. Cheers!
Go JH, GO EC, Go SS. Do the right thing THJMW!
WMB Noteholders second supplemental objection http://www.kccllc.net/documents/0812229/0812229101015000000000001.pdf
I doubt that would happen when it was ill gotten gains to begin with, THJMW's precedent will stand pat. LOL
It was never JPM's money to begin with lol. A trustee cant claw back stolen money. Jeez johnny!
LOL. I dont want to die either, even if I continue to live paycheck to paycheck. Go middle classs!
looks about right! Thanks UZ.
Well that really is JPM propblem then, they were BK back then, canabalized WAMU and then some, and when they pay us........they are back to square one.
I am not worried about JPM - F"em and their business model. "TOO CLUBBY TO FAIL" will take care of them anyway. Helps to have friends in high places doesnt it.
FDIC/treasury will happily pick up the tab to protect the insiders.
I agree with reasonable and upon what true assets valuation is.
But Susman wont settle this, at this stage of the game without some damages awarded, even if WMI's asset value returns us a few bucks. No way.
I start with Diamond's numbers minimum, as not getting any damages at this stage, for all the lying,hiding of assets, fraud etc., is ludicrous.
AIMO
I would think that for Susman to approve any settlement, he would be thinking of what's appropriate for the complete timeline and his personal 'constitution'. IF he lets a mediocre (IMO) settlement go thru at less than $10, and it sounds like quite a few shareholders would jump ship here at IHUB, then he would have a heck of a time overthrowing the BOD, removing ROsey, and pursueing litigation against FDIC/JPM, thus ruining this case.
And we know Susman ONLY likes to win. So either he throws in the towel also on the case (if a low settlement is accepted) and is happy that justice was served on some level, OR as a beleiver in true justice and a fighter as we seem to believe, and I believe, he tells JPM/FDIC to take a hike until they can cough up something that makes it worth it to step aside and not be in a position to leave a case with money on the table and a devious BOD intact to inflict further evils which wouldnt be great for his litigating reputation as I read it.
All in my humble opinion.!!!
Personally I really could use the money as I have lost a lot these last couple of years, but the thought of these banksters turds and there lovers in crime not paying close to fair value would be an absolute travesty, and I am more than happy to stuggle along for months if need be to see them at least pay fair and square. Plus then I can buy more shares :)
I can't wait for examiners report.!!!!!!!!!!!!!!!!!!!
joined the buck a share club last week. #128 reporting!
"It appears that the disclosure statement is the “moving” document for the approval
of the Global Settlement Agreement. " Pretty funny objection to disclosure statement about the many versions of POS POR DS's from Broadbill/etc at pg. 2 of http://www.kccllc.net/documents/0812229/0812229101014000000000006.pdf
Interesting, is that enough to pay commons with paper without dilution to jpm?
JPM profit up 23% due to less loan losses article
http://www.huffingtonpost.com/2010/10/13/jpmorgan-chase-profit-jumps_n_760708.html
Great objection David! Way to call them ALL out; A&M, WGM, etc. and FC'd assets.
Nice job getting this out in front of THJMW nose!
Got my FEd EXed agenda for Oct.8. Got yours. lol it's only money!
That's funny. I was thinking along the lines of sharpies and bathroom stalls at Safeco field. For a good time, ........
I've got my xxx,xxx at $100.
What a day, but we knew a POS was coming. After not selling and holding pat in March, I dont think anything they do will scare me as much anymore.
As such, I am resigned to the sweet or bitter end and I am not moving or panicing. They will pay me I believe or I will lose it all. It is much easier to live life that way. Not going to fret over the games. Rosen can save the drama for his mama.
I understand the shorts having to cover fssh, but why specifically does setting a price remove our shares from their reach; is it because they have to pay us to do so? Sorry for the simple question, just not enough depth and experience in these matters.
Yeah I tried to buy a bunch more yesterday at .192 and didnt get filled.
Tried today at .195, didnt get filled.
Da#$#$it, tomorrow I will stop faffing about and order at the ask before its too late! Whats a few hundred shares at these prices versus Examiner valuation.
Order Regarding the Texas Group's Motion to Compel Production of Documents from Debtors and to Exercise Its Right to Participate in General Discovery Available to All Parties
motion signed by Walrath http://www.kccllc.net/Docket/SearchResults.asp
Thanks 7nech for the link. I left a reponse along with HRoller.
Thanks fsshn, your knowledge, among many others has helped strangers, like me, make sense of this stock!
That is one hell of a facet I never imagined. But if the deal never closed, that is the ramification. I need to stew on that a bit. If they dont even have the right to foreclose on a home they aren't in first position on, then what else?????
Credit cards, etc. Your right they are so done. On top of all the money they make every month off WAMU's assets.
FDIC and FinReg new rules on 'winding down' institutions is going to be tested soon with JPM.......i fear they dont even have enough to pay us. And I dont want their paper any more!
I really hope the FDIC pays the invoice on this (as they should for pulling the trigger) with their 500billion credit line. That cash I'd be more than happy to receive.
latest MOR http://www.kccllc.net/documents/0812229/0812229100929000000000006.pdf
sorry if posted already
WOW August 1! thx XOM. I like it a lot!
the new FINreg's pay whistleblowers 10% or more of fines levied for crimes committed. Maybe advertised that would entice more inside people with knowledge of crimes to come clean for a payout for any fines assessed to JPM or the FDIC for whatever part they played when this is all over. Oh yeah, FDIC is the govt and they'll get off I'm sure.
Reich with OTS would be a good candidate if he's listening or maybe has already had a chat with Hochberg!
This is confusing me, Why is Susman working on a new POR/DS with debtors if THJW says no revisions? Is this for the possibility that once debtors POR/DS is officially denied, there is one left to submit by EC in case there is no settlement with JPM/FDIC?
But why even get the dastardly debtors imput....or are they being used for grunt work (like settling claims) now that their number is punched and they have to play along or else...... and when the 'boss' is mad, you get stuck with the s..t work?
OMG this is fantastic!!! GO SUSMAN! GO EC! Go JH! I have never felt better about our Vegas trip!!! It sure gets cold here in Seattle in January. Vegas would definitely cure that. Not many penthouse sweets will be available when we party!! Whoot whhoott!!!
Late to the party today, but reading thru todays posts from the beginning; little WAMU foreplay.
Can you imagine if that is the case that Dr. ARcharya's numbers really could come into play. FnA! I am waiting on more money to settle and it cant come any sooner!!!
Who knows if they were truely sold? I wish I had access to title reports cause I'd dig around in there as I have always wondered about this. But if the closing agent/escrow did sell and 'close' the properties fraudulently, willing or unwillingly, my experience has been that title insurance companies are on the hook for the losses; which is why clear title is usually verified by title insurance companies to avoid the lossses.
There has been some interesting discussions either here on IHUB or on Y, about how WAMU property management company CB Richard Ellis I think, correct me if I'm wrong, who is still on the BK dole for managing things, might be just letting them all "squat" in secret these last few years, waiting for the final closing papers from the FDIC to arrive in escrow, so title insurancce will sign off, and then they can close the sell that was misleadingly PRd in the newspapers.
It still kills me to read how Russell Investments here in SEattle is trying to appeal the property tax appraisal for the WAMu building they bought, yet dont own yet.......last I checked on king county website, there is nothing showing their ownership yet.
If the was FDIC going for a new buyer by ammending the purchase price, it sure seems like a clean efficient way to 'dear john' JPM, throw his cloths out the window and change the locks, and start clean with someone who wants to pay more in line with value and still get a great deal.
"The dispute includes suits over supposed mortgage missteps by Washington Mutual, a notorious subprime lender during the housing bubble."
It is amazing these guys still only harp on WAMU's alleged bad mortgages. It is astounding all the forces working together to keep this under wraps for sooooo long while JPM tries to close the deal before Joe Public jumps in by the millions. The confidence and arrogance to pull this off still leaves me speechless.
and to take your thought a step further, what if it was a very recent offer from some other suiter/buyer presented in judges chambers of WMI now that the debtors exclusiivity is over?
If someone made a fabulous offer in sealed chambers for tens of billions more than debtors/FDIC/JPM claim, than the global settlement/ POS POR looks rather fraudulent and the judge thinks.......holy s#%t, why is their a discrepancy....we need an examiner pronto!
10,000,000 with schwab. thx V
Nice find! Way to use those online resources! and congrats on getting the message image to show. I'm still working on that part.
Another puzzle piece bringing the picture into focus about how this deal hasn't closed yet. Damn this is getting good!
Rock n Roll WAMU!
Anybody know what the daily short % today is or is there a way to find out how much of this volume is?