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Quote "however that such abandonment shall not constitute a withdrawal or release of any claims asserted by WMI as a creditor of WMB against the FDIC"
All that says is that we gave up or surrender any claims or assets associated with WMB and any right to sue for giving them up ( which is very bad for us ) but we have not given up the right to sue the FDIC.
It does not say FDIC is liable or responsible for WMI loss of WMB assets. By the way who is gonna sue the FDIC? The BOD with 150M or Rosen Good Luck!!!!
Royal where did you get that info please show me proof as far as I know FDIC does not have any obligations with us. Also this agency is protected by the goverment.
Lets brake your dream bubble for just a few minutes and put our feet on solid ground. These are the facts of our situation. First Walrath has never been pro equity all she has done is delaying things to oblivion, that gave a chance for Hedgies and Rosen to caught on to us. Our only "protectors" who were supposed to defend us have always kept us in the dark and have not giving us any substantial recoveries. Suckman and company adviced us to sign a deal blindfolded for a company that is worth around 50 cents. Willingham and BOD has been gracefully gratified with more shares, heck everyone keep milking the state from any possible money that the state might have left while we sit and watch. JPM kept all the assets and they cannot be sued, FDIC got off the hook from doing us harm. Our friend Rosen its guarding the LTI for possible recoveries, he has always worked against equity and in favor of JPM do you really think he wants to fund our accounts yeah right!! The only hope per say we have is on NOL's or OP but we have been screwed before (Willingham sold our arses down river remember) he can do it again you know. These people are working around to get money without paying a dime to equity. So now I ask you if you know we have been screwed over and over why do you think these people are gonna give us money now. Do you really think BOD will sue Goldman Sachs and get billions of dollars to get our 2x value plus get real!!! The state has no money left were do you think the money is gonna come from? Please enlighten me...
correct, I guess the only thing that could be done is sue Suckman's law firm for bad representation since they intentionally deceived us into taking the worst deal possible and get JPM and FDIC off the hook. But we know that will not happen. This was over a long time ago, just some people are still unable to let go. They need a reality check...
haha that's not a feeling that's a fact
Upper, you had me at Hello!!
VooDoo I would be happy if we could get 50 cent a share for escrow which means around $900M available funds. On a scale of 1 to 10 how possible do you think this is? And can you base it on possible litigation options we may have and considering wind farm, visa shares, Martha and Bolicoli etc...if those are still on the table
VooDoo nice to see your back brother, feels like the old days now. Keep it up.
I didn't ment to say they are the same I ment to say they are both worth $0 so in that sense evrything is the same and has the same outcome. I told you before Rosen will find a way to keep us out of the money, there is always a way to screw up the little guy.
LTI=WMIH new shares=Sussman's empty Promise=$0Get IT?
Actually it would not surprise me if what Catz say is true. I always thought Sussman was an idiot. We should all sue his lawfirm
Yeah she wont be very happy when she finds out the money has gone PUFF!! But you must have known the risk you were taking by playing on the Big Leagues. You and everyone else in this forum became chow for the BIg DogS a long time ago in case you did not noticed. The Big dogs don't play with their money they play with yours. All you can do now is play dead. May be just may be they'll throw you a bone but don't hold your breath on that one!!
the screwing will only get worst we will all end up very sore by the time they finish with us. word of advice get your vaseline out.
I know what he is talking about and we have disagree on this topic in the past. I think the 75%/25% ratio is bullcrap.
What the heck are you talking about. The split already happened and is reflected on the amount of shares you have. We are all the same now whether you like it or not. Stop confusing people and stop dreaming otherwise the fall will be long and hard when you come back down to Earth. You wont get an extra 75%
A friend in high places and yes thats all I know. I could care less if you believe it or not. Its funny you say that then you believe everything that has being said on this board including the 2x value plus haha!!
I heard the escrow account will get close to $3 a share. I guess I wont be rich after all but a nice chunk of money
HaHa!! Thank you Don I will be buying more tomorrow.
Hey Don, Thank you for your DD. That actually makes sense and would not be surprised if JPM was the one who buys the ordinary loss, and probably was the plan all along. They won this battle a long time ago. I bet Rosenrat will give BOD a low ball offer and try to cheat us out of more money. I dont trust Willingham. Anyways Do you think this is a good time to buy more? or is this a dumb question...
That's a lot of if's.... I want to believe too but heard too many things in the past with no good results
I don't know what you guys are drinking but I want some of that too...
Pick i like common sense im on your side
Catz I did not agree to sign over my right to sue or have justice done I was forced to sign by our most incompetent representation. I really did not have any choice. All of this was planned out by these rats. I said it before i dont feel happy with rosenrat around he still here to protect jpm and make sure the shiat does not come afloat. He is not around to protect our interests. In time willingham will make his money back one way or another and he knew it,he sold our arses down river.
haha good luck to all the ones that have ct on their hands but I dont hold any. wish for once commons would get something since they are aways the one holding the empty bag. Hopefully there is a possibility to get something this time but i doubt it
I really don´t care about the ct´ all I care is lehmq commons are we gonna be rich as well?
They are not going to throw away any money they will routed to their bank account instead of yours and mine..
TRUE THAT VOODOO JPM wanted presence on the west coast for a long time and this was the perfect opportunity. Look at how fast they took down the signs of all the branches and replaced them with the chase logo. JPM probably went berzerk at the probability of the canadians to adquire wamu but Sheila didnt let that happen. This whole thing was a charade from the beginning. Federal reserve and goverment set the stage to gift wamu to JPM. They could have received TARP money or got out the short selling ring of death but noone helped the bank because DEMON wanted it to fail. This is what Kristen Grind should have said on the first page of her book but got bought out just like Hochberg, Willingham and Sussman. These people including the judge Rosen and the hedgies are gonna do the impossible to take money off the state so that equity gets close to nothing and keep anything under wrap so that the truth does not come out. Sorry to burst anyone's dream bubble but all these people are gonna continue to figure out more ways to cheat us out the money that could be left. And guess what there is nothing you can do about it our own lawyers even drepived us of the right to sue, how cool is that
SUSMAN / EC SOLD EQUITY's LUNCH TO JPM !!!
I told you looks like everyone is getting paid but us
Fashion I challenge you to answer this. If what you say is true and the optimism of others is also true. And there are all these billions of dollars waiting next door why oh why is the pps at 50 cents. Why arent big investors jumping into this oasis. Lets say this is true and there is the potential of getting billions here, if Rosen Walrath, willingham etc were not willing to help equity when they could they just wasted the state resources and gave us the runaround, what makes you think someone is gonna come now to our rescue. These people are looking up for their own interest and dont give a sweet caca about you or me. If JPM was not willing to give up 2 or 3 billion in taxes what makes you think JPM or the hedgies are gonna let you have 20B. Do you really think the BOD or any other entity is gonna let the dirty laundry be seen by public eyes for the sake of giving us money. I'm very doubtful. So far they have bent the laws in favor of JPM and debtors and unfortunately it will continue to happen. So far Walrath has been delaying things over and over for the benefit of the rich she will probably keep delaying on purpose so we miss the chance to cash in Seems like the debtors are in hurry to do anything either......
None of us is getting monies, that is just a figment of your imagination. The little money that might be left is for Rosen and Walrath. Do you think the billings are gonna stop coming?
Thanks, it is nice to see the filings. Keep up the good work
I don't know if Rosen is our lawyer or not but even if he was I garantee he will do whatever he can against equity in a heartbeat. He is still on JPM payroll until all is over or JPM is off the hook.
Pick, that can't be, doesn't that represent a conflict of interests? BAH!! who cares anyway.... Seems like in Walrath court anything is possible
God, really? common I was being sarcastic....
If you waited it will come!! NOT
ifuwish and rocky u guys got it all wrong, what you don't realize is that the price is going down because Rozen and willingham are putting it aside for a later distribution. They want to compensate equity for the burden they have gone thru all these years. Just be patient they will DO you right.
This stock will be in the teens before christmas, The BOD will be playing hide and seek and Walrath will be delaying this to oblivion. Unfortunately the complimentary candy is gone..... nothing left here but bad memories
Well actually you made me laugh a few times that should count for something
Nicely said Chiron now repeated 1000 more times may be they can get it thru their thick skull. But I doubted and I have given up.....
Sorry Gmenfan I forgot to say BOD accountants or any other personnal needed to keep the company running are working for free and out of the goodness of their heart. Oh no that's right JPM is paying them to keep them on a short leash...