fred, not a lot of time this a.m. but I will try to quickly anser your questions, in caps.
question regarding the livinglies blog that just came out, which i know you read.
have you figured out where the assets are? surly you have to wonder that question yourself.
YES, THE SAME BUSINESS MODEL JPM USES TO STEAL ASSETS FROM DISTRESSED COMPANIES, THEY LAUNDER, WASH AND COMMINGLE THE ASSETS TO MAKE THE HARD TO TRACE, ESPECIALLY SINCE NO LAWSUIT HAS BEEN FILED THEY ARE IN THE CLEAR, UNFORTUNATELY.
even the writer said what ive been wonderng for years. he wondered why jpm hasnt addressed the loan value with its shareholders.
THEY HAVE STARTED TO SET THE TABLE WITH THE 30 BILLION IN THE RUBBLE PR. MANY ON THIS BOARD WERE SO SURE THAT COMMERCIAL PAPER WAS A WAMU HOLDING COMPANY ASSET, BUT I GUESS NOT.
30 billion in rubble was just a scoop of ice cream. but if jpm got it all. why have they not adjusted the stock price along with letting shareholders know a value of 240 billion in assets were going to be added. jamie d said that in 2009 in its letter to shareholders if you recall.
BECAUSE THEY CAN'T TOUT WHAT THEY DID, IT WOULD MAKE TO MANY WAVES. THEY ARE SLOWLY GOING TO USE THE GAP GRAY AREAS TO MAKE ALL THOSE ASSETS SEEM LIKE JPM'S. THEY HAVE ALL THE TIME IN THE WORLD TO DO THIS, WHY, BECAUSE NO ONE IS LOOKING FOR ANY OF THOSE ASSETS, IE, NO LAWSUIT FILED AGAINST JPM FOR FRAUDULENT CONVEYANCE.
if the loans were written down to less then 10 cents on the dollar, i highly doubt wamu asset corp could report over 20 billion in residential loans. not to mention jpm's tally of 151 billion in 203.
WHY DO YOU GUYS KEEP BRINGING THIS UP, IT IS IRRELEVANT. IT IS ACCOUNTING MAGIC THAT'S ALL. YOU GUYS WANT TO SPECULATE FROM A RIGHT AND WRONG AND BLACK AND WHITE PERSPECTIVE. WHO KNOWS EXACTLY WHY JPM IS DOCUMENTING THINGS THE WAY THEY ARE, WHY NOT KEEP IT SIMPLE AND JUST UNDERSTAND THAT JPM WAS GIVEN A GIFT OF THE WAMU HOLDING COMPANY ASSETS/BOOKS AND HAS THE BEST BEAN COUNTERS AND BEST ATTORNEYS IN THE WORLD. ALL JAMIE BOY HAS TO DO IS TELL THESE GROUPS TO COME UP WITH LEGAL POSITIONS ON WHY THE ASSETS OUR JPM'S AND USE THE GAAP GRAY AREAS TO MAKE IT LEGAL. BAM, DONE.
so its proves they didnt write it down nothing. as they claim its book value the prove to the world the loans do exist and hold substantial value.
PROOF TO THE WORLD, ARE YOU KIDDING ME, WHAT PROOF, NOT ONE LEGAL CHALLENGE, NOT ONE REPORTER RAISING A RED FLAG... WHAT PROOF, THE ASSETS ARE COMMINGLED AND GONE.
you suggest fdic has an obligation to release... well doesnt jpm have an obligation to infuse the mortgages in its banking operations. isnt there a guy on the jpm side saying. WHERE THE HECK is my value for the 151 Billion in mortgages we stole from wamu. im sure that guy wants to see stock value for that right?
NOT REALLY, THERE IS AN OLD SAYING THAT YOU MAY HAVE HEARD, IE, COMPLICATED AND COMPLEX THAT ONLY A FEW PEOPLE INVOLVED CAN EVEN UNDERSTAND IT. LOOK IT UP, MANY EXPERTS IN DERIVATIVE FINANCING THINK THAT IS EXACTLY HOW THE SHADOW BANKING SYSTEM WORKS. I BET THAT SOME MEMBERS ON THIS BOARD UNDERSTAND 100X BETTER WHAT REALLY IS GOING ON THEN 99% OF THE EXECS AT JPM.
but hes not... infact non of them ever did. its just as the livinglies blog suggests... nobody got the loans. they just disappeared. so even your claim that jpm got it all is actually false.i think if you start there you will start to see what the escrow group is saying.
THAT MAKES NO SENSE IMO, THE LOANS HAVE TO BE SERVICED OR SOLD OR COMMINGLED AND THE COMMINGLING IS WHAT I AM SURE IS HAPPENING, WHY, IT IS STATED VERBATIM IN THE 30 BILLION IN THE RUBBLE PR.
after 7 years of washing and laundry and commingling why wont they take possession?
THEY HAVE.
what took jpm soooo long to claim them in there 10Q?
NOW YOU ARE GETTING SOME WHERE, IT TAKES TIME FOR THE BEST LAW FIRMS AND ACCOUNTING FIRMS TO COME UP WITH A LEGAL WAY FOR THE THEFT.
your so busy explaining away the assets you never once question jpm's ownership actions.
??????, DON'T UNDERSTAND THE QUESTION
ill tell you my opinion... i think wamu screwed jpm over. i think wamu allowed jamie d to think they got a easy deal, but instead handed over a rats nest of problems.
OMG, PLEASE SAY YOU ARE KIDDING.
now if the rats nest of problems lead to major mortgage fraud like TB&W did to colonial bank then i understand the hidden agenda. but thats not the case here.
WOW
jpm has had time to do due diligence the summer before the seizure. it offered 8 bucks. not to mention jpm has found true value (30 billion in apartment loan portfolio).
true value does exist.
WHO IS CHALLENGING JPM IN COURT AND TRYING TO GET THE ASSETS BACK. JPM DOES NOT, LET ME REPEAT DOES NOT GIVE A DISTRESSED COMPANY BACK ANYTHING UNLESS SUED OR THREATENED BUY A TRUSTEE IN MY EXPERIENCE AND STUDY OF JPM ACTIONS.
why didnt jpm in 2012 add the 151 Billion in its portfolio. but it waited 2 more years.
LEGAL REASONS, GAAP REASONS, STRATEGIC REASONS....
i know your all about common sence and you know jpms wicked games. doesn't this seem kind of out of character of jpm to hold off on documenting the loans. in a sence stating ownership?
THAT IS AN INTERESTING QUESTION, LET ME THROW THIS BACK AT YOU, THE 30 BILLION IN COMMERCIAL PAPER, CAN YOU TRACE THAT BACK TO BEING WAMU'S AT ONE TIME IN THE JPM BOOKS OR 10K/QS
seems as though there was a hold up, doesn't it?
LIKE ABOVE, IT TAKES TIME FOR THE THEFT TO BECOME LEGIT.
why would they not... even still to this day... not have a shareholders meeting and discuss the 151 Billion in residential loans. we know that value is concrete or else jpm would have down played that figure.
THEY HAVE STARTED SETTING THE TABLE WITH THE 30 BILLION IN THE RUBBLE. IT TAKES TIME, THERE MAY BE ANOTHER PR THAT STATES THAT THEY RAN OFF ALL THE WAMU MORTGAGES AT A LOSS WHEN IN FACT THEY MADE A KILLING. WHO KNOWS, BOTTOM LINE THE ASSETS ARE GONE.
seems to me jpm is too afraid to adjust its share price because deep down it has a gut feeling they are gunna have to give them up.
GOOD POINT, YOU MAY BE RIGHT ON SHARE PRICE, MY THOUGHT IS THAT THE FEW EXECS THAT KNOW WHAT IS GOING ON ARE STILL TRYING TO FIGURE OUT WITH ALL THEIR LAWYERS HOW TO MAKE SURE THEY HAVE A LEGAL POSITION FOR THE THEFT JUST IN CASE THEY GET SUED. IT BLOWS MY MIND THEY HAVE NOT BEEN SUED YET FOR FRAUDULENT CONVEYANCE OR WHATEVER ELSE THE ILLEGALLY MAY HAVE DONE.
jpm is not really playing the part you suggest. And for that matter their late address to the 151 Billion in loans?
??????????????, DON'T UNDERSTAND
you mentioned 7 years of slicing and dicing and there they sit!
now that they sliced them up , they just sit and not a single jpm shareholder wonders about them?
so far to date they got 30 billion apartment loan portfolio, 151 Billion in residential loans
wamu asset corp 20+ billion....
hmmmm no stock value?
THEY ALSO GOT 30 BILLION IN THE RUBBLE HOW MUCH DID THEIR STOCK VALUE GO UP ON THAT. WOW, 151 BILLION IS ON 5X THAT AMOUNT, RIGHT, SO SLOWLY BUT SURELY THEY WILL ACCLIMATE WHATEVER THE AMOUNT OF THE THEFT IS INTO THEIR BOOKS AND COMMINGLE COMMINGLE COMMINGLE.
no jpm shareholder meeting?
no media news about the accomplishments if 200 billion in residual profit?
seems out of character to me.
NOT TO ME, IT MAKES PERFECT SENSE, YOU NEED TO UNDERSTAND THE POWER OF JPM AS THE KEY BANK IN THE ENTIRE SYSTEM. WAMU WAS SACRIFICED TO SAVE JPM WHY ARE YOU SURPRISED THEY ARE NOT SHOUTING THE THEFT FROM THE ROOFTOPS.
OR
maybe they had to pay book value which explains 200 billion in loans sitting around
NOT EVEN POSSIBLE, YOU MAKE IT SOUND LIKE 200 BILLION IS A PITTANCE.
im very curious to see your point why jpm has waited so long to document all of this in 2014
WHO KNOWS AND WHO CARES, NO ONE IS LOOKING FOR ANY ASSETS.
and more importantly im curious to understand your idea why shareholders receive zero information on over 200 billion in assets.
LIKE I SAID ABOVE, IT'S A DIRTY GAME AND JPM KNOWS THEY CAN NOT ANNOUNCE AS YOU THINK THEY SHOULD. CTHE 30 BILLION IN THE RUBBLE PR SAYS IT ALL. HOW COME JPM'S STOCK DID NOT EXPLODE AFTER THAT ANNOUNCEMENT.
ONE LAST POINT, IMO THE WAMU HOLDING COMPANY HAD NO WHERE NEAR THE ASSETS YOU STATE, WHY, BECAUSE THEY SAID SO AS PART OF THE BK FILING. THEY SAID NET 24 BILLION IF I REMEMBER. ALSO, MY EXPERIENCE WOULD LEAD ME TO SPECULATE THAT OF THE 24 BILLION OVER THE YEARS JPM REALIZED OR COOKED THE BOOKS TO WHERE YOU CAN NOT TELL IF THOSE ASSETS WERE WMB ASSETS OR HOLDING COMPANY ASSETS.
GOTTA GO, I WROTE THIS VERY QUICK, HOPE IT MAKES SENSE AND AS ALWAYS THIS IS MY OPINION AND MINE ALONE
i wait your response
AI
