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radiumsoup, you might see and experience shortly.
EOM
'radiumsoup', guess what, the tide is/will be turning against you/SS'''++++ galore shortly spewing BS to to dis-in franchise PPS holders.
NOW, step aside!
GYS
FWIW and more than interesting from the Y BD:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=938779&mid=938779&tof=1&frt=2#938779
makes me want to believe that "there is more to the story"?
GYS
FWIW and trading lately.....IMO.
The speculators who bought stock some months/weeks/days ago were hoping for a pop (SS + NSS)and didn't happen.
However the SS + NSS were patient enough to wait this out and pick up when they can since a lot of shares have been "locked" already, there is only so much supply to accommodate them.
Hence a lot of redundant posts, speculation to the UP's and DOWN's and RAH-rah's (up as well as downside!)
Mine are locked and might look at a Mini-vacation soon since NOTHING will happen until the end of FEB!???
GLTUA!
GYS
REALtime64, right on IMO.
I've stated in previous posts what TDA said in an e-mail to me (posted even some excerpts) after I crucified them via e-mail and phone of not having gotten the Ballots:
THAT THEY WERE INSTRUCTED BY THE DEBTORS attorneys + KCCLLC and had nothing to do with the ensuing voting process (otherwise it would have been a PROXYVOTE.com) and gone more than smooth.
So guess who was in charge of this cockamamie voting process..............
YOU GUESSED RIGHT......
Rosenfart/WGM ++++ KCCLLC who are billing galore and wanted to spread F.U.D. regarding this.
GYS
mypenneys, than this indicates that YOURS ARE locked already but should indicate a N/A for whatever "flavor" you had.
Mine not yet but maybe by tonight or Mon - DUNNO.
GYS
oilstrike, thanks much and I do have the direct phone# for CA.
side, would really like to know his thoughts though - LOL
BTW: here's an excerpt from TDA's executive branch I received a few days ago:
>>Your email to our firm on 1/24/12, regarding the ballot for Washington Mutual (WAMUQ), was routed to my office for review and response. I attempted to contact you by phone several times; however, the phone line was busy. On behalf of Executive Management, I apologize for any frustration this has caused you.
The voting ballots for WAMUQ, were mailed directly by the attornys involved, Kurtzman Carson Consultant's LCC. Regrettably, TD Ameritrade had no control over sending these ballots and made a business decision to not allow the ballot to be returned by fax or email, only postal mail. <<
Figures, the way this was handled:
1: WGM + KCC totally inept.
2: Getting another payday from the estate...
3: Done by design to obfuscate and mislead.....
GYS
oilstrike, did you call Client Svcs. or Corp. Actions for that info. According to the USPS, they had received/delivered my ballots a few days ago, but I didn't get an e-mail confirm. or anything else so far.
>>TDA verified for me that my ballots were filled out properly. They are overwhelmed with the inundation of these ballots and I was told that there are HUNDREDS that are filled out incorrectly,<<
TIA
GYS
MONICALAW, precisely.
IMO the shorts are getting a "pass" at this point, but who is/was short at this point, some names/institutions come to mind!
I still maintain that this cockamamie voting process was instigated by the "powers to be" IMO.
Sent all my voting materials yesterday/1st class mail/certified to TDA.
BTW, heard on Bloomberg early this AM that JPIG is shopping/selling their CC unit = which they stole from us to who = WF comes to mind.
ROFLMAO.
Are they/will they be finally called on the carpet so to speak?
We shall see.
GYS
side, yes it pulled up alright, however doesn't give me the detailed info I got from the other site.
GYS
PS: tried "my site again, needed to "agree" to some disclaimers and VOILA it pulled right back up again.
http://bfrank.ariva.de/de/aktien/washington+mut+inc+o+n+US9393221034
try it!
It's through ariva and not through the stock exchange anymore LOL.
Need help from Europeans watching FF there.
I had the link and it worked till about 1/2hr ago just fine, now not any more and get the following message:
>>A warm welcome to boerse-frankfurt.de - your investor portal
Unfortunately you were forwarded to this page because you tried to access content which is momentarily or permanently unavailable. It may also be that you used an old bookmark or were brought here by an out of date external link.
Please use our website’s search function, located on the left side of this page, to find the information that you were looking for. Should you still not find the requested content, then give us a call at +49-(0) 69-2 11-1 83 10 or write us an e-mail at redaktion@deutsche-boerse.com.<<
http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=US9393221034
I tried it all and still the same.
Is there another link to pull up the info?
TIA
GYS
FWIW, the trading in ALL securities lately indicates that the "shorts" are given a pass!
Since voting ballots are turned in, shares are getting locked and it will be harder and harder for them to cover, if there are any left?
To me this indicates a "more than corrupt" voting process, compliments of WGM/Rosenfart.
This OUR good old USA looks more and more like a 3rd world country with corruption galore.
SAD and downright disgusting.
Just read some articles RE: Europe's problem/tied to the US and our "so-called" stellar banks (too big to fail?) makes me WANNA puke.
GYS
Mrajay, not entirely true unless you don't vote for/against the plan and just give the RELEASE at the later date!
Then your shares will be locked once they receive your vote, period.
GYS
7nech, IMO whether you vote YES or NO doesn't make any difference since the plan will be confirmed, period.
GYS
FWIW,
I've NEVER encountered this cockamamie voting in 30+ years. and
WILL follow up soon...and address " legalese through the CONSTITUTION"! period.
GYS
livefree_ordie, they should mark releases granted or NOT, marked accordingly, there on the ballot.
GYS
claw 'n "penny".
Seems to me this VOTING BS is another one from Rosenfart/WGM to disrupt/disinformation/downright to don't/can vote, period.
What a cockamamie procedure, but I'm on the "ball" so to speak with the voting/voters so to speak,
KCCLLC is just another arm from WGM, and will be scrutinized if not downright "found fraudulent" + lacking majorly.
I'm on to them, period!
GYS
LG, I think you got this VERY, very right!
Shorts through the trading houses, you and mine +++, galore need to cover soon and have been lately looking at the daily volume!
GYS
radiumsoup, absolutely false to make such a statement.
I've been with E*Trade and TDA for a very, very long time and maybe 8 years now also with Fidelity.
NEVER, ever did they charge for any kind of voting and they surely should not start now, will have a call into Corporate soon!
IMO this cockamamie voting process this time around was cooked up between Rosenfart and KCCLCC to "milk some more"
Since this is also a "RELEASE" for FDICK and JPIG, "they should" also pay for this IMO
GYS
NONE responded so far:
and how come and wonder now as to their affiliations just about right now.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71308729
GYS
UZ, Mordicai, Fsshon, and other revered posters = please chime in ASAP.
IMO this whole process through the BK courts are more than a sham, wealth distribution,,,,,,,ANYONE?
Never had I experienced what we are seeing now, voting and being charged for doing so.
Whatever happened to the numerous reams sent out from WGM/Rosenfart RE previous voting(s) and billing the estate to boot for doing so!?
Needs a major "claw-back" of fees, period.
Still haven't received anything YET, even though I yelled my lungs out already at some of the ones I'm dealing with.
I'm totally disgusted what the US has come to.
GYS
PS: I thought that European courts are slow and way off, but the ones in the US are definitely taking the cake here
As far as some brokerages will only allow sales and not buys makes me wonder, HOW SHORT they really are!
GLTYA
sharpshorts, YEAH well,
LOL
You will have to readjust your charts after today and many more days/months/years to come!
GLTY
Leb, sorry can't provide one, but call the #indicated. I went through their secure website inquiring about 3 times now.
Makes me WANNA puke already this being the 24th and the USPS being what it is I'll never get it OT for the voting.
GYS
WC,
this is what I got from TDA this morning:
We are hoping the ballots go out this week. Unfortunately, we do not have electronic copies at this time that we could forward you. We also received confirmation that we must receive the original form back from shareholders. We cannot accept faxes or scans. The deadline is 2/6/12. We can still receive ballots until 2/23/12 for holders looking to receive a cash distribution, but those received after 2/6/12 will not have their vote counted. Please contact us again if you have any additional questions.
Sincerely,
Derek Whitehill
Apex Corporate Actions and Dividends, TDA
Division of TD Ameritrade, Inc.
WCatz, what a friggen voting?
And what say you?
Have been in contact with TDA, E-Trade, Scottrade, Fidelity, ,,, etc.
NONE GAVE ME ballots OR instructions!
Come again?
gys
temp luvs amy, talk to your broker about this.
IMO
JPMorgan Chase's Mortgage Banking Default Executive Has Left The Bank
Julia La Roche | Jan. 20, 2012, 5:46 PM | 375 | 2
jpmorgan jpm dimon chase jp morganJPMorgan Chase's Mortgage Banking Default organization head has decided to leave the bank, the bank has confirmed.
Scott Powell, who has been with JPMorgan since 2002, departed to "pursue other opportunities and interests," according to his resignation announcement.
Apart from leading the mortgage banking default division, Powell also served as a member of the bank's Executive Committee.
Previously, he served as the head of Consumer Banking and Lending Operations, as CEO of Consumer Banking as well as Home Equity, Auto Finance and Education Finance.
Before that, Powell was the chief credit risk officer for the bank's consumer businesses and was also the president of Retail Lending at Bank One prior to the merger, the email said.
A successor hasn't been announced.
http://www.businessinsider.com/jpmorgan-chases-mortgage-banking-default-executive-leaves-bank-2012-1
This Could Be The Mortgage Lawsuit That Blows Up In JPMorgan's Face
Lisa Du | Jan. 20, 2012, 1:20 PM | 3,142 | 12
Another lawsuit against JPMorgan Chase is brewing in California, and this one has the potential to blow up big.
It claims JPMorgan Chase systemically engaged in forgery to gain an upper-hand in thousands of bankruptcy cases since 2009. [via Huffington Post]
The lawsuit, which is still waiting to obtain official class-action designation by the California court system, alleges that JPMorgan Chase fabricated mortgage-related documents in thousands of bankruptcy cases to make a profit and remove itself from the responsibility of money-losing mortgages.
The complaint claims that documents were "photo-shopped" to show Chase had the rights to money due under mortgage loans, allowing the bank to obtain "relief from stay" motions in bankruptcy court.
Yves Smith at Naked Capitalism breaks down how that "relief from stay" motion is beneficial to Chase:
Remember that filing for bankruptcy puts a “stay” or hold, on all creditor claims. They all go wait while the court determines which creditors get what from the under water borrower. A “motion for relief of stay” by a mortgage lender is tantamount to saying, “Judge, let me grab the house.”
The "manufactured evidence is systemically utilized to deceive bankruptcy players and increase the profits of Chase," the complaint reads. The court filing alleges that Chase obtained relief of stay permission on 95% of the 7,000 cases where such motions were filed.
In addition, the complaint claims that Chase offered financial incentives to their attorneys who were able to obtain the relief of stay motions the quickest.
The fabricated documents also allowed JPMorgan Chase to show they transferred the mortgage notes — essentially a written promise by the borrower to pay back debt — to mortgage securitization trusts when they might not have, the court filing alleges. The following segment from the filing breaks down how Chase essentially removed itself from the chain of liability through such actions [via Courthouse News] :
That said practice allows Chase to dump defaulted loans that were never properly securitized by WAMU and other originators acquired by Chase into private mortgage backed security trusts by creating the illusion of a valid transfer.
Said practice shifts the liability of defaulted loans not properly securitized by WAMU, from Chase to private mortgage backed security trusts. The practice allows Chase to effectively mitigate the millions of dollars in liability of the WAMU acquisition, where WAMU failed to transfer MLNs of its portfolio before its demise. Said practice shifts losses from WAMU to MBST bond investors.
The lawsuit certainly carries a lot of oomph in its allegations — though it is still in its infancy, the court filing is dated Jan. 13 — and could mean further legal ramifications for JPMorgan depending on how the bank will act. By now, most are familiar with JPMorgan's habit of paying down its mortgage-related lawsuits — most recently the bank settled with the SEC for $153.6 million on misleading investors in mortgage securities in June 2011.
This is also not the first time JPMorgan has made legal headlines related document issues. Just last week, American Banker reported that the bank had dropped several credit card debt collections across the U.S. because of possible "documentation irregularities." From American Banker:
Robo-signing, or the high-volume production of signed legal documents, has been a key element of the governmental and media foreclosure reviews. Chase's current pullback raises at least the possibility that at least some banks may have documentation problems in other business lines.
The suit also sounds remarkably similar to the charges that the Massachusetts Attorney General brought against Bank of America, JPMorgan, Wells Fargo, Citigroup and Ally Financial in early December on deceptive foreclosure conduct.
The ball's now in JPMorgan's court, and this suit is definitely one to keep an eye on.
http://www.businessinsider.com/this-could-be-the-big-mortgage-related-lawsuit-that-blows-up-in-jpmorgans-face-2012-1#ixzz1k2Oe2tN5
temp luvs amy, good choice IMO.
I also added the YEN now.
Despite that my previous post had been zapped almost instantaneously, I still maintain that JPM is a great short going forward.
GLT
YEP and loving it!
time to short JPIG again?
YES as of a few days ago and NOW.
GLTY
time to short again.
LOL
Jerle, LOL and read below as well as others:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69611086
LOL and FWIW,
finally got some responses back of why my GTC orders were taken out last week and couldn't renew either:
1: out of range LOL.
2: too much given the current PPS
3: unrealistic....
Take your pick now and IMO, some of these trading houses are "way short" and need to cover soon, regulars and "otherwise".
ROFLMAO.
Merry Christmas coming to your screen near YOU!
GYS
Monica, LOL.
But if we have change in leadership this might not go over too well for her future IMO.
Granted she's tenured, but maybe pushed out/off to a less meaningful position.
GYS
there are only 2 possibilities:
1:
a) she's incapable
b) way in over her head
c) corrupt - I guess I'll be catching some flack from the likes of Don etc. for this?
2: Marching orders from "higher ups".
and YES I do agree that she's hoping for a settlement between all parties in order NOT to have to deal with this herself.
GYS
Jerle, you OTOH seem to forget that WMI did have all these assets, properties etc. even after they filed for BK on Sept 25th and still had them on Sept 30th...... before the unjust enrichment by JPIG. Therefore MW should have asked for the ASSET list right off the bat, but conveniently didn't do so. So all these assets should have been counted in her court.
FWIW, KCCLC just another one of the Kurtzman clan here in CA who seemed to be in "high places" and fleece their shareholders, AURA come to mind..
GLTYA
LOL and to all,
Looks like ETMM is one of the culprits who shorted majorly and IS scrambling right now.
BTW, haven't had any response from either SEC or our trading houses at this point.
GYS