back to the good old days. in the 1800's they used bow and arrow, spears, knives some guns later on to steal. in the 1900's they used guns, knives, swords etc. to rob from people. today they use cell phones, ipods, computers to rob you. amazing this is why a college education costs so much. imagine non violent crime committed every second a trade is made. goes to show you.

ok you see whats happening. in the good old days these folks would be tarred and feathered for everyone to see so that no one should take advantage of people who want to invest. did you see that guy on cnbc don't be t vixed . where was he days ago weeks ago months ago. what we need is ron paul to become president and investigate this mess. hey he is a doctor. they know how to find a cure and heal folks.

the company asked for the trading halt

i hope that they are getting their board of directors together this weekend to discuss something positive. it takes some time. if news is good and company is not a fraud then praise the LORD. remember rino was halted by the nasdaq and admitted to over stating contracts and txic board is going after the ceo and cfo. when a company asks for a halt do you really think they are going to admit anything negative. normally the nasdaq will catch them after years have gone by. think positve and hope the ceo has something good up his sleeve.
on another note remember to pray for all those in japan. real shame.

this is going to be good

on one side you have research firms writing negative reports, law firms lined up to claim fraud, who knows who is shorting or naked shorting etc. and then you have a company and chairman going to get even for the sake of its investors. well they are a real company and they have their services on buses so could it be a fraud. also you have posters saying the auditor resigned. wow all of a sudden they resign after signing off on previous audits. it appears nothing leaked. hey the research reports sometimes say their source told them so. since everyone is guessing it is my hope that the nasdaq was asked to halt by the company so maybe they could look at the trades going on, all the options buys and pin to not that of fraud but to people who are using fear tactics to discourage investors from buying shares of china stocks. this is all doing great harm to the exchanges and it needs to stop. i would like to see this company do well and to have great news to share with its investors and if the news is positive i hope they go after those involved. because of txic and rino look what is happening. in america the constituition allows a reporter not to reveal its source and also to use words like could, maybe etc. its all a matter of semantics. i prayed and hope for everyone who has invested their hard earned dollars in this company that all goes well. GOD BLESS and keep the faith.

send letters to congressman michael grimm 13th district

a new congressman from the 13th congressional district was a former F.B.I. agent and he also worked with a hedge fund in an undercover operation that the F.B.I. brought down. they appointed congressman grimm to the financial services committee. since he is new maybe everyone can share the wamu story to him. just a thought and keep up all the great work. i hope and pray for all wamu shareholders. best and good luck.

also in the senate sen. chuck schmer is like a pit bull. i would send letters to him as well. this senator is strictly for the people. he is a great no nonsense senator.

i have been following this case from day 1. i and my family have accounts with wamu for many years. we like many others are devistated from what happened in september 2008. its sad that many hard working people who invested and deposited in wamu had to be affected in this way when wamu one of the nicest banks with very friendly employees was abruptly taken away in 2008. well maybe the good LORD above will help us all. i was thinking that everyone is asking for the asset list and one has never appeared. could this be , could it possibly be , remotely be the reason why it has not appeared is because this is what was filed under seal. please DEAR LORD above let it be and let it show that equity is in the money. too many people have been hurt.

did anyone read this. wonder what wamu toxic assets are if any. from zero to how many billion. who knows.


.New York Fed: Toxic assets from AIG gaining value
New York Fed says toxic assets it bought in bailouts of AIG, Bear Stearns are gaining value


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EmailPrint..Companies:The Goldman Sachs Group, Inc.JPMorgan Chase & Co.Topics:Economy, Government & Policy.Related Quotes
Symbol Price Change
GS 152.58 +5.38

JPM 40.21 -0.11


{"s" : "gs,jpm","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Daniel Wagner, AP Business Writer, On Thursday July 29, 2010, 6:53 pm EDT
WASHINGTON (AP) -- Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.

The assets are now worth $69.1 billion -- about $2 billion more than they were during the previous quarter.

The government bought the mortgage-related investments while rescuing AIG and Bear Stearns.

The investments lost value so quickly that no one knew how much they were worth. Losses on them threatened to topple both companies.

The uncertainty eventually spread through global credit markets, sparking the financial crisis.

Buying the assets was a measure to restore confidence among banks that had business relationships with Bear and AIG.

The investments' recovery shows that private

now that everyone has had a good laugh with the tension breaker
it appears that the hon. judge wants someone very tough and through.

when this is over and hopefully soon just reading and listening to the judges remarks from day one i was happy this case was assigned to her. some of the earlier posts had there doubts but i believed justice in this case will prevail. its a shame the powers to be want to give nothing to those that worked hard at wamu and other branches they acquired.

i was taught that as you climb the ladder of sucess the same people you pass you can easily fall down and see them all again.

tommorrow i pray is going to be a good day for the little guy.

who do you think a good examiner would be? we will find out soon enough.

just hope and pray it is someone who is tough.

she has held a corporate position and has extenive educational back ground. she would ask alot of questions and is also a quick learner.

i can't cite what you ask. just thought someone who is for the people. this is about the little guy, those that lost alot, those that have become sick or even went to extremes through this very bad time.

for a change i would like to see government work for the people.

i pray the examiner selected finds everything necessary to prove a>l.

my choice for examiner

the one person who is well educated and i believe would be for the people is first lady michelle obama.

i would at least like her to oversee this and be appointed as a special assistant. let the truth come out. please.

best quote in a long time


don't know if it is black or white but if it is black we can live with it.

i say we are having a white christmas soon.

hidden assets

no one has spoken about wamu and the services they offer. each branch has an investment advisor or two and also wamu had mutual funds, sold annuities and handled managed accounts. with the total branches they had and the billions under management this all went to jpm with the branches they acquired. worth alot. examiner needs to look at this as well. the fees collected and commissions they received. they had alot of depositors. value millions or a billion or two. true value. if jpm is earning a billion a month from wamu then at a 10% profit margin that means they generate 10 billion in business. also did jpm aquire only the branches and all business associated with them or more. what did the holding company actually keep. if the toxic assets are valued at zero right now because they don't know the value well give it to the estate. remember bear stearns fought for them and said they were worth billions and jpm turned them over. well what does wamu have and what is all the service business sector worth.
each branch also had depoit boxes and several over services. add it all up and wow some number.

this is what the examiner will need to do:

1. value all branches acquired like bopfan on yahoo stated long time ago.
2. check who made all withdrawals that lead the fdic to take over of them. the billions. look at accounts to see how much was withdrawn and by whom it was withdrawn.
3. look at all assests prior to take over and after. (siezure}.
4. toxic assets. what did wamu own and what did they not have. they serviced mortgages they may not have owned them. are these toxic assets at zero today or what value have they been given. the balance sheet and p&l very important here.
5. look at fdic agreement and also g.s. the role they played when wamu went to them for a buyer. the bidding process. any and all bids that were presented. how were interested parties treated.
6.tpg deal with wamu. they invested need to look at documents and due dilligence of tpg. why did they value wamu at 8.75 per share vs. jpm at 8.00 in a stock deal. look at ny post article that valued wamu between 12.00 and 24.00 just prior to siezure.
7. dollars available to wamu through the window 50 bil.
8. ots last ratings on wamu. what was there capitalization and rating 07 and 08.
9. all documentation from the fdic and why the decision was made to sieze them the way they did.
10. why on thursday not friday because a reporter was going to break the story. who was this person and how did they find out. of course they will use the constitution on that one.
11. check all trades made in all wamu securities days before siezure. all transactions to see who was doing all the trading and if so the sec should review all large trades. check for insider trading.
12. check all withdrawals of large sums at g.s., m.s. and others and who made them. how did it affect wamu if at all.
13. check bod decision on refusing jpm's offer on behalf of all shareholders all classes. why it was stated its to low vs the extra .75 from tpg.
14. check fdic and if they were aware they had no jurisdiction over a holding company and also wamu was under the ots. fradulent conveyance theory. senate hearings confirmed they did not work together so why was the fdic on tv the next day telling everyone they decided to give shareholders a haircut. check out cnbc. lets go to the replay. tivo.
15. read jpm 10q's and see profit from wamu. has value to the estate because our government needs to pay fair value. value at time compared to 06, 07, 08. total comparison. times did change but you can pepare an analasys that you can come to a some what fair conclusion of value.
16. finally the judge is doing a great job and knows the deal. so please lets all act like adults and it does'nt matter who did what just pay all share classes fair value and together lets move this economy and country forward. enough people have suffered and just think ifpeople have money they can spend it, pay taxes etc. so you will get it back any way. so instead of bemoaning the shareholders someone be the hero. i would love to see a nice young lady take charge and make this all go away nicely. if mistakes were not made some of the greatest inventions and companies would not be here today. thank you and please resolve this. this country has suffered enogh. look up at the sky. can't you see GOD'S tears dropping.

hello everyone. i much appreciate all the great updates from everyone. since i am new i have a question? i have not seen a post that would suggest that maybe the parent company of wamu had transfered assets back to them therefore reducing the total that jpm actually acquired prior to the fdic passing wamu branches onto jpm. i find it hard to believe that the parent company is willing to agree they will not sue jpm or the fdic and the hon. judge mw even commented to mr. rosen that he is representing the parent company and the share holders . the shareholders are not your adversaries. also the comment from mr. sussmans asst. mr fisher. we don't know if it is black or white but if it is black we will live with that. they know it is white or else they would'nt be there. this is bankruptcy court not civil or criminal therefore they must have found the hidden assets and they may be with the parent company and that is why they accepted the por and mr. rosen is representing it the only way he can. this is going to be the most talked about bankruptcy case in the history of our country. the 10q's from the end of 07 to mid year 08 should show what wm had. i also wonder how the examiner will treat the profits jpm has realize from acquiring the assets they did from the fdic. this is getting exciting now especially since the media and our favorite channels had wamu worthless. i hope it settles to everyones satisfaction especially those that worked for wamu so many years. prayers are for all of them. also a note on owning a security. there is a buyer and seller. when one buys a stock they accept the risk and when they sell hopefully for a profit they passed the risk onto the new buyer. since they never stopped trading people who buy now are acceptng the risk associated with the purchase. glta and posted imho