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Lawrence 147, thanks for responding and a great reply...... will respond when I can.
Unfortunately, I'll board a plane here shortly to take me to Namibia for a 1 month stay with my friends/farm.
I hope I can get IN service, albeit previously spotty and only e-mail contact, but appreciate:
ladik4@hotmail.com
Gang, TIA!
GYS
tularay,,,,, I fully agree with you and therefore taking precautions that my family will be taken care of.... and maybe somewhere else!
The US-NOPE, Europe-NOPE!...
GYS
Lawrence 147, my "stunned" comment was maybe misleading, but in honesty, I truly was. = I'm not in the legalese and legal field but know BUSINESS very well.
However I still stand by my prediction that all versions of "POR's" are DEAD and so is the GSA at this time.
As to prove that wall? I would like to see and grant them that they did.
SS/S+G are superb IMO, subtleness in applying pressure and going for the "throat/jugular" = KILL" in the end.
I find his strategy applied so far absolutely SUPERB!
...and where are all the Whiners now to call SS on the carpet???? Who never had the guts to either call or mail him to find the answer, for example: austin.. and others... should have been banned some time ago!!
But I hope that they are GONE and not worth my response to at the that and this time.
GYS
jay1000, I guess the "win for JPM" portrayed in papers = JPIG'S media-machine to downplay and spin everything in favor of JPIG.
Remember all these papers are heavily dependent to JPG/Chase advertisement $$$$!'s!
One can read the same stuff - to the contrary right here in Europe and more accurate I must say.
They, over here are not in favor of JPIG "spreading their wings more than they already have", even curtail them or disallow them in certain countries!
GYS
Lawrence 147,
>>..about their 4 billion dollar litigation fund.<<
This sounds like they/JPIG are using OUR deposit monies, JMW declined to rule on some time back, as their litigation fund.
How sick, but then nothing, absolutely after 20+years and lately almost 3 years invested in this, surprises me anymore, although today's filings from Aurelius more than "stunned" me.
GYS
never-again/With Catz, I would too!
However I also would like to hear Mordicai's opinion as well as from "El Juez"
from the Y board.
TIA
GYS
Lawrence 147, laughing probably not, albeit letting it roll off their shoulders.
The fine from the SEC of 154mil is nothing more than a slap on the wrist for them, however there are more and more law-suits coming their way and they will become quite vulnerable.
Here in Europe they are facing some very tough ones, of course not reported in the US to the tune of quite a few billions and/or revoked license to to business there in the future and countries.
Remember GS as well as JPM were the prime instigators and sellers of these CDO's and brought many a European bank down! With their own crisis here (Greece) they are no longer willing to roll the dice/trust the US!
GYS
Wow, how true. Just read the filing and was more than amazed as well as mesmerized by what I read.
IMO, SS knows/knew how to apply pressure to the HF's and again IMO they are spilling the beans, ..... for their own survival and taking "others" down I'm sure, especially the 600 lbs gorilla, who's seemingly oblivious and too arrogant. The FDICK I don't even want to talk about.
Let's just wait which way the cookie crumbles!
The US economy hasn't improved under this administration the past 2+ years and maybe (?) pressure will be applied by the gov/Fed's to "make this all go away" as not to have to deal with "banks and Unions are getting richer and richer, the middle-class is getting poorer and being fleeced in the process".
BTW, someone on I-hub either yesterday or the day before posted the "increase in shorts" on 9/25/08 and I can't find it now. The amount was very telling, however we would have needed the "real trading records" and not the cumulative one, but was impressive. Maybe someone can find this post? The posters name I wasn't familiar either.
GYS
LOL!
J.P. Morgan Knew Portfolio Had Losses, SEC Says
BY LIZ MOYER AND DAVID BENOIT
J.P. Morgan Chase & Co. knew it already had losses from a $1.1 billion security it had created in the spring of 2007, and its solution to avoiding losses for itself, regulators said Tuesday, was to sell it as aggressively as possible to outside investors.
In March and April 2007, as the housing market teetered toward collapse, J.P. Morgan senior management pressed the salespeople responsible for Squared CDO 2007-1, a complex "collateralized debt obligation" of derivatives linked to the mortgage market, to avoid permanent losses, the Securities and Exchange Commission said.
The bank was already looking at a $40 million ...
http://online.wsj.com/article/SB10001424052702303936704576399971570631618.html?mod=googlenews_wsj
WC, unless he has some devastating info/documents on them which have not been divulged as of yet, the 25mil might just be enough for them to cough up payment ++ for what they stole IMO.
GYS
JPMorgan to Pay $153.6 Million to Settle SEC Allegations Over Housing CDOs
JPMorgan Chase & Co. (JPM), the only Wall Street bank to remain profitable throughout the financial crisis, agreed to pay $153.6 million to resolve U.S. regulatory claims over its role in designing and selling a product linked to risky mortgages as the housing market unraveled in 2007.
“Harmed investors will receive all of their money back,” the U.S. Securities and Exchange Commission said today in a statement. In settling the SEC’s fraud claims against the New York-based firm, JPMorgan also agreed to improve the way it reviews and approves mortgage securities transactions.
The SEC is seeking to wrap up investigations into how banks bundled and sold investments tied to risky mortgages, after years of being accused by lawmakers and investors of failing to hold Wall Street accountable for misconduct that may have fueled the financial crisis.
The agency is targeting players at various stages of the mortgage industry, from loan originators such as Countrywide Financial Corp. to underwriters including Goldman Sachs Group Inc. (GS)
Collateralized debt obligations package assets such as mortgage bonds into new securities with varying risks. A surge in U.S. home loan defaults undermined the instruments, helping lead financial companies to record $1.82 trillion in losses and writedowns during the housing crisis, data compiled by Bloomberg show.
The focus on CDOs gathered momentum last year when New York-based Goldman agreed to pay a record $550 million and admitted to making a “mistake” in its disclosures about a subprime-linked CDO. The agency had faulted the firm for failing to inform clients in 2007 that it allowed a hedge fund betting against the investment to help put together the deal.
JPMorgan said in May that it was “advanced” negotiations with the agency to resolve a CDO investigation.
The SEC has also looked at Wall Street CDO underwriters including Citigroup Inc., Deutsche Bank AG, UBS AG and Morgan Stanley, a person familiar with the matter has said.
http://www.bloomberg.com/news/2011-06-21/jpmorgan-to-pay-153-6-million-to-settle-sec-allegations-over-housing-cdos.html
Former JPMorgan Mortgage Servicer: My Boss Told Me, We're In The Foreclosure -- Not Modification -- Business
Courtney Comstock | Jun. 20, 2011, 3:19 PM | 2,383 | 6
A former employee of Chase's mortgage servicing company says his job entailed "making borrowers jump through every hoop so that when something fails to get done on time, they can deny it and foreclose."
The former employee, who is identified only as "Jared," explained his job to Mandelman Matters, which writes:
Jared recalled what his boss had told him during his first week on the job: “We’re in the foreclosure business, not the modification business.”
“Foreclosures are a no lose proposition for servicers... The servicer gets paid more to service a delinquent loan, and they get to tack on extra charges. If the borrower reinstates, which is rare, then the borrower pays the extra fees. If the borrower loses the house, then the investor pays them. Either way, the servicer gets their money.”
“Their whole focus is to foreclose, not to modify. They make borrowers jump through every hoop so that when something fails to get done on time, they can deny it and foreclose. That’s what it seemed like to me, anyway."
An army official's father had an experience with the bank that backs up Jared's claim.
He recently described what the Chase mortgage modification process was like for him, telling Huffington Post:
When he first asked for help in 2008, he had not missed any payments. At the time, his mortgage was being handled by Washington Mutual, a subprime lending specialist Chase purchased in the fall of 2008. Collette said WaMu told him he would only qualify for a loan modification if he missed two of his $1,100 monthly mortgage payments. So he missed the payments. And the bank began trying to foreclose on him.
Jamie Dimon's unfortunate quote from a few months ago echoes this shocking strategy: "Giving debt relief to people that really need it... that's what foreclosure is."
These alleged practices, of course, are a large reason for Foreclosure-gate.
http://www.businessinsider.com/former-jpmorgan-mortgage-servicing-employee-2011-6#ixzz1PsR8HVAZ
Credit Union Regulator Sues JPMorgan, RBS
Published June 20, 2011
Reuters
The U.S. credit union regulator said it filed lawsuits against J.P. Morgan Securities and RBS Securities, alleging misrepresentation of investment vehicles backed by mortgages.
The National Credit Union Administration said the lawsuits involve damages in excess of $800 million and are related to the failure of five corporate credit unions.
The agency said in a statement on Monday that it may file more lawsuits in an effort to recover billions of dollars in losses related to the failure of these institutions.
``NCUA's legal actions are based on ongoing investigations of individuals and entities responsible for selling these securities to the failed institutions,'' said NCUA Board Chairman Debbie Matz. ``By these actions we intend to hold responsible parties accountable.''
J.P. Morgan declined to comment. A representative of RBS was not immediately available.
The lawsuits, filed in U.S. District Court in Kansas, allege that the firms made ``numerous misrepresentations'' in the offering documents for the securities.
``These misrepresentations caused the corporate credit unions that bought the notes to believe the risk of loss associated with the investment was minimal, when in fact the risk was substantial,'' NCUA said.
Corporate credit unions are the retail credit union's credit union, providing services including lending, and check and payment clearance services.
The wholesale credit unions have experienced more troubles than their retail counterparts because they did not face the same restrictions on permitted investments, leading to big losses during the financial crisis.
The NCUA seized three large corporate credit unions in 2010 after seizing two in 2009.
The five institutions are Members United Corporate Federal Credit Union of Warrenville, Illinois; Southwest Corporate Federal Credit Union of Plano, Texas; Constitution Corporate Federal Credit Union of Wallingford, Connecticut; U.S. Central Corporate Federal Credit Union of Kansas and Western Corporate Federal Credit Union of California.
The NCUA said in September last year that the five had $50 billion in troubled assets on their books that the agency would try to sell.
Matz said then the seizure will ultimately cost the industry between $7 to $9 billion and NCUA will collect this amount from credit unions over the next 10 years.
Any money recovered by the lawsuits would go toward reducing this cost, the regulator said. (Reporting by Dave Clarke; Editing by Tim Dobbyn)
http://www.foxbusiness.com/industries/2011/06/20/credit-union-regulator-sues-jpmorgan-rbs/?cmpid=NL_CeoNewsbrief_20110620
speculator777, LOL
However if fraud has been proven already and it will furthermore, they are either sunk or have to pay up heavily and implicate their "chumps"!
SG has/had the documents all along and just.......... you fill in the blanks as to a deposition!
WTH, why would I even tell you what will be happening now???
ROFLMAO!
Bizreader and Baldeagle, at this point I fully agree with you.
JMW - equal to "chickenshit".
However she's not only pushed by SS at this point but the HF's as well to go forward.....!
If she makes the "wrong rulings" her career IS OVER, tenured or not, in this despicable economic climate she might not survive to stay on, albeit still collecting a hefty "pension". I do not agree with this and that's a different story, but then at least she would be off the "bench" to do further harm.
However IMO, the HFS depos are just "foreplay", SS is planning/preparing a full assault in the DC court at JPM + FDIC and gearing up for it.
GYS
LG, IMO she's been conflicted more than once in these proceedings. Yes formally she always sided with "pink socks" etc..., but IMO this has lost it's luster and I'm sure that SS had something to do with this.
Lately either she saw the fraud which was committed re WAMU and right under her nose as well,,,,, or was "pushed" to see it!
Lord knows what's coming, but IMO positive for UQ.
GYS
Don, IMO he had the "ammo" somewhat (would he have ever taken the case if not "thought through thoroughly" = not milking the estate etc...like WGM?" I doubt it!
Nate, is still our hero but made it public in court where JMW finally listened, before she was obviously entranced with "pink socks".
GYS
>>Only question is will JPM/FDIC cave before or after? <<
IMO given their (JD) arrogance and protection by the government I would say AFTER as in being forced.
Can't wait for the day theat the House of J.Pierpont Morgan comes crashing down period. This institution has done nothing but harm to the American populous since it was founded and continues to steal, crush/steal and steal again in more than "unsavory ways".
GYS
Let me ask you this: If they have such clean hands as they claim, the depos should be a breeze, NO?
But lawyering up the way they did and the PR's in the Newspapers/Blogs/Publications/Internet tells a completely different story.....
..like the remark in the court room :
THEY ALL DO IT!
GYS
Don, it's about time that someone cracks the whip at them.
They have been doing a tremendous amount of damage, not only to companies in CH11 but also fledgling up-starts or even established co's.
I'm just hoping that they'll spill beans on JPM (their pps going down again and will wait to cover my short there around 35.-).
Our "bulldog" not only has bared his teeth but grabbing on full force!
BTW, where is Austin now with his "unrelenting babble regarding SS"?
ROFLMAO!
GYS
Don, thanks for the response, will do from another angle to DIZZ these outrageous charges not only from WEIL but also AM to this court, MW approved so far = dismal decision?
NAH, legal issues galore as of this point as to the validity of the charges etc...and... in MW court-room!....
FWIW, she JMW might be held responsible as to this 3 year disaster of WAMU, siding with debtors and her rulings so far!
GYS
DG, fine and should have been tapped/were they?, but has changed ownership some months back!
Guess to who?
GYS
Q to mordicai/UZ ect.... can only time + time again check in periodically as overseas.
The new additions of lawyers, so far being paid by the estate = OUR MONIES.... when do they all have to "eat their own legal fees"? +++++
TIA
GYS
Biz, and how do you read the article posted by me and others as well (Forbes) as well as the latest filings?
GYS
Ilene, just got on-line and read your post - Thanks a million for doing this!
You are truly 1in a million!
To you or others who can chime in:
What about this article:
http://www.forbes.com/feeds/ap/2011/06/16/business-financials-us-washington-mutual-bankruptcy_8519808.html
Is this true or just another form of "selective and misleading" journalism/reporting or a leak?
Comments welcomed!
TIA
GYS
Lawrence 147, sorry to say but you are not "addressing this problem "WE the US" is not helping the problems in Europe, so far!
The Chinese already have decreased their US Debt holdings/Japan has too = not having any confidence in the US economy going forward = Unions and Big Banks stifling it majorly, since then the US government's/the FED'S PRINTING PRESSES (Bernanke?) have been working 24/7 to dilute our US$ Big-time, we'll see shortly as to our prices rising everywhere soon, groceries amd other goods,
SOON!
GYS
Lawrence 147, hate to say this
but with the EUROPEAN Rating agency for the US debt, from 3-AAA to only 2-AA, the FED'S are printing more $$$$$$ to SEEM that everything is OK,
WELL, it's NOT!
GYS
FDIC Says J.P. Morgan 'Rewrites History' In $10 Billion WaMu MBS Case
By David Benoit Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- J.P. Morgan Chase & Co. (JPM) and the Federal Deposit Insurance Corp. traded barbs again this week over which entity should have to face a lawsuit over mortgage-backed securities owned by failed Washington Mutual Corp. In court motions, J.P. Morgan argued it never accepted the liability of WaMu's soured mortgage-backed securities in its 2008 FDIC-assisted purchase of the failed bank, while the FDIC alleged J.P. Morgan was "attempting to rewrite history" and should be held liable. The motions, filed Monday in federal court in Washington D.C., continue the back and forth sparring between the New York banking giant and its regulator over what exactly was included in the frantic purchase of WaMu on Sept. 25, 2008. The deal happened as the FDIC seized the Seattle bank. WaMu's subsequent fall was the biggest bank failure in history. A unit of Deutsche Bank AG (DB) is suing as a trustee for clients over what it claims are a half-million mortgages they hold in securities, arguing that WaMu breached contracts in writing them. That lawsuit, seeking more than $10 billion, named the FDIC and J.P. Morgan as co-defendants. But J.P. Morgan and the FDIC are attempting to first sort out who should have to stand in the crosshairs of the suit. Both sides are asking a judge to dismiss the claims. "Despite its extraordinary gain and continuing profits, [J.P. Morgan] now seeks to walk away from the associated obligations and liabilities," the FDIC said in its motion Monday. "Without question, [J.P. Morgan] succeeded to all of WaMu's interests, rights, obligations, and liabilities." Meanwhile, J.P. Morgan argued in its own filing that the agreement to buy WaMu only held J.P. Morgan liable for the explicit liabilities in the contract. The bank argues the FDIC was to take the liability on anything not included in that agreement. Furthermore, J.P. Morgan argues that even if the court decides the original contract does hold J.P. Morgan liable for those losses, a separate clause in the contract would ultimately make the FDIC liable to J.P. Morgan for them. "Through this action, Deutsche Bank and the FDIC seek to dramatically increase the scope of the liabilities [J.P. Morgan] assumed, in direct contravention of the explicit terms of the ... agreement," the bank wrote. When J.P. Morgan purchased WaMu, at the height of the financial panic, it got a large boost to deposits and branches on the West Coast that have added significantly to its revenue. But J.P. Morgan was also forced to take huge writedowns, including $30 billion on WaMu's home-lending assets. J.P. Morgan also argued that, in the event a judge decides it is ultimately liable, Deutsche Bank's unit doesn't sufficiently prove that the so-called reps and warranties of the bonds, the basic agreements the investors and WaMu signed, were broken and broken willfully. "While Deutsche Bank uses very large numbers, the most important number here is actually zero," the J.P. Morgan filing said. "Zero is the number of contractual provisions that Deutsche Bank actually identifies as having been breached with regard to a specific loan ... And zero is the amount of damages Deutsche Bank can in any event seek to recover on the back of such purported claims." -By David Benoit, Dow Jones Newswires; 212-416-2458; david.benoit@dowjones.com
http://www.advfn.com/nyse/StockNews.asp?stocknews=DB&article=45365497&headline=fdic-says-j-p-morgan-rewrites-history-in-10-billion-wamu
JPMorgan (JPM) Showing Insider Bearishness
FreshBrewedMediaJPMorgan (NYSE: JPM) opened at $40.59. So far today, the stock has hit a low of $40.42 and a high of $40.63. JPM is now trading at $40.58, down $0.40 (-0.98%). Over the last 52 weeks the stock has ranged from a low of $35.16 to a high of $48.36. JPM shares show $1.4 million of insider selling since April 25 with no insider buying over the same period. When insiders are selling their shares of company stock, it is often a bearish signal. This could be bad news for JPM, whose share price has fallen nearly 15% since challenging its 52-week high in early April. Technical indicators for the stock are bullish and S&P gives JPM a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on JPM the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 48 range.
WC, thanks for your response,
will fire off an e-mail to S+G regarding not only the airplanes, wind-farms,,etc................................................!
Well, as to the legality, I do have my doubts and will pursue myself if necessary after this "spiel" is over and done together with MW and WGM!
Is this what American Justice looks like?
If so I'm thoroughly disgusted and wonder why I did pay plenty of taxes for almost 50 years!?
Wealth distribution going towards Communism I wonder?
Heard an interesting "POWOW" in the German Senate early this morning:
facit: Break up the "big banks", namely Deutsche Bank, or put stiff restrictions on them since they seem to be running the government/certain parties.
Huh, sounds like the good 'ole USA with more than one.
US downgraded from 3A to 2A - WOW, who is going to buy our paper in the future.
The Chinese are probably ROFLTFAO!
GYS
WC,
>>We have no facts that said JPM did any trading after the bankruptcy filing date. <<
true but........
Also true that JPIG disposed/sold properties of WMI, the holding company and not the banks while in BK proceedings!!!!
FDIC, fraudulent transfer comes to mind, but then did the FDIC give the green light?
DUNNO, but that will ultimately be the point in further proceedings IMO.
Care to comment?
GYS
Tool_power, I fully concur!
As to Cat's posts and my responses to her, I think I know where she's coming from and we get frustrated by the "slanted" process from time to time. Been there, done that.
IMO, S+G will come out with blazing guns when the time is right and not when Rosenfart thinks and expects it.
GYS
umaw, I fully agree with your assessment, AMEN!
and thanks for the article (marketwatch) previously posted.
Made me gag majorly and I needed a stiff one!
GYS
U.S. halts mortgage fees to three big banks
J.P. Morgan, B. of A., Wells need ‘substantial’ improvements
WASHINGTON (MarketWatch) — The Obama administration on Thursday halted payments to three of the largest U.S. banks until they make “substantial” improvements to their performance in a mortgage assistance program.
Rogers: Only a crisis can fix U.S. debt problem
In an interview with WSJ's Simon Constable, famed investor Jim Rogers weighs in on what it will take to solve the U.S. debt crisis, why he's shorting U.S. tech companies, why the stimulus package was a bad idea, and the looming energy crisis.
J.P. Morgan Chase & Co. JPM +1.54% , Bank of America Corp. BAC +0.81% , and Wells Fargo & Co. WFC +3.28% can no longer receive fees from the program known as the Making Home Affordable Program, until they make changes to ensure their processes work better, the Treasury Department announced. The program seeks to help troubled borrowers avoid foreclosure.
The big banks have been broadly criticized for foreclosure documentation errors, and in many cases, institutions have assigned only a single employee to rapidly approve numerous foreclosures. The major banks were sanctioned in April by federal regulators for “negligence” in residential mortgage loan servicing and foreclosure processes. Hefty fines in the billions of dollars are likely still on the way from a related, ongoing investigation on the part of state attorneys general and the Justice Department.
The Treasury Department found that the three firms are in need of substantial improvements based on the agency’s compliance reviews and program performance results from the first quarter of 2011. They agency evaluated banks on how they contacted homeowners, evaluated whether homeowners need assistance and their management and governance.
Banks have treated borrowers poorly, in part, by forcing them to repeatedly submit paperwork over and over and leaving them in limbo for months while they struggled to make payments, said Rev. Lucy Kolin, a spokeswoman at the PICO National Network, a group of faith-based community organizations.
In many cases, the institutions ultimately deny “hundreds of thousands” of troubled borrowers a chance to avoid foreclosure, Kolin said.
Wells Fargo spokeswoman Theresa Schrettenbrunner took issue with the Treasury report, noting that one of the calculations, on whether the lender correctly determined eligibility, uses data from the fourth quarter of 2010 and that Wells Fargo internal calculations show that the bank is performing much better lately.
J.P. Morgan spokesman Patrick Linehan made a similar point. “The bank respectfully disagrees with the assessment,” he said in a statement. “We have made significant improvements since the modifications that Treasury reviewed and continue to work hard to keep improving our processes and controls.”
Bank of America said in a statement that it acknowledges improvements must be made in key areas, particularly those affecting the customer experience. “We have made great progress in several key performance areas,” they added.
Acting Assistant Secretary Timothy Massad said he wasn’t going to talk about any particular bank and the problems they may have with the report. He added that the Treasury Department will discuss any objections with each bank individually.
He pointed out that the payment withholding decision is based on testing and sampling conducted in the fourth quarter of 2010 and first quarter of 2011.
“If the servicer has fixed a problem in a reasonable time, then we will go back and resume payments,” Massad told reporters. He added that lenders who fix problems appropriately can still be eligible down the road to obtain payments that were halted based on this assessment.
According to a Treasury spokeswoman, the three banks received $24 million in taxpayer-funded payments in May from the program. So far, the Treasury has spent just less than $2 billion of $50 billion in taxpayer funds allotted to the programs.
In addition to the three big banks, another servicer, Ocwen Loan Servicing LLC OCN -0.73% , was also found as having substantial improvements but the agency decided not to withhold payments from the program because, the Treasury said, their problems were caused in part by a large servicing portfolio the company acquired recently.
The Treasury results are part of an assessment it did on the ten largest mortgage servicers participating in the program. The Treasury said the other six servicers reviewed, including Citigroup Inc.’s C +2.41% CitiMortgage Inc., need moderate improvement and they are not having their taxpayer-funded payments stopped.
The Making Home Affordable Program includes five subsidiary programs, the largest of which is the embattled Home Affordable Modification Program, which is uses government funds to modify mortgages so troubled borrowers can avoid foreclosure.
As part of the HAMP program, mortgage servicers receive an up-front payment of $1,000 for each successful modification after completion of the trial-period, and “pay for success” fees of up to $1,000 per year for three years, as long as the borrower remains current.
The other programs are smaller and include the Second Lien Modification Program, the Unemployment Program, Principal Reduction Alternative and the Home Affordable Foreclosure Alternatives Program.
The penalties come after the Treasury last month required all lenders agreeing to modify mortgages using HAMP to provide a single point of contact to borrowers for loans not backed by housing giants Fannie Mae and Freddie Mac.
Ronald D. Orol is a MarketWatch reporter, based in Washington.
http://www.marketwatch.com/story/us-fees-to-three-big-banks-are-stopped-2011-06-09
cruzintucson, AG?
Do you mean Eric Holder?
If yes, don't make me laugh, he's too busy trying BS stuff and won't even look WAMUQ's way and the illegal shut-down and take over by the FDIC and gifting to JPIG IMO.
GYS
Cat, Justice I want too, like you but given the way our government is looking the other way makes me speculate that BIG MONEY is controlling them + the Unions, hence we won't get justice in the form that someone is going to jail,,,,, unfortunately not like in the 80's.
But I am hoping that we get adequate compensation soon.
Unfortunately the "dumbing down of the populous has begun + the fleecing and redistribution of wealth, if you can call it such from the middle-class, too.
Companies like WGM/Rosen, A+M etc.. is exactly what's wrong with our country and are allowed to just fleece, period and I'm not even talking about our legal system, once so great is now corrupt to the bone, save a few like S+G.
GYS
Cat, I do look at the reality of this DC court having been a PRE owner very carefully, you can be sure of that.
SS might be the "face" but the attorneys who have presented in court are great and IMO he's pulling the strings/reviewing nevertheless.
If you read the filings carefully, one can see that only the dates of the depo's were canceled and not the "discovery", so signed by JMW AND can be put up again IF things don't go "their/our" way.
I know it's hard for all of us not to hear PR's etc. unlike the other side and misleading reports in the media... but look where we came from and where we are now.
IMO, S+G is very much on the ball, even though not as visible as Rosenfart and working behind the scene ready to shoot from the hip.
Do you know Nate personally or just from what you read?
Pardon me, but you sound like "Austin01" at this point?!
GYS
XOM, thanks and yikes at the same time.....
But how do we stop them or go against them, that is the real question.
Abuse of power by the gov. to protect a few to the detriment of millions of hardworking/tax paying people,,,,,,,, this wasn't meant to be the AMERICAN DREAM, or was it?
BTW, congrats to your "new addition" to your family.
GYS
vics picks, retail can't short this stock, period.
It has to be the MM's or the HF's and judging by some of the posts/new posters lately IMO they are foremost HF's and trying to spread FUD at the same time.
GYS
Cat, WHOA, what brought that on?
True, SS is a lawyer but working the "ethical angle" - look at his vs. WGM/Rosen, A+M billings + others alone and doesn't want to be in the spotlight, like someone we know!
Also true that Nate brought the IT to light but given the fact that "this" meeting behind closed doors and what was presented was SEALED he had no other method to make it "known". We don't know what it was only that Rosen et al came out of that meeting rather befuddled.
IMO, info was given to Nate through the EC (MW? or others involved = DUNNO) to make a public filing and therefore put more pressure on the case and maybe open JMW's eyes regarding the whole take down! Maybe info from others as well.
I for one like the fact that SS is playing close to his vest to the detriment of us of course.
He's very thorough, precise and not given to any innuendos like others.
I do have a very good feeling about the outcome and will not sell any of my Q's until I see the end of the tunnel.
GYS