Thursday, November 27, 2008 12:10:40 AM
EVIL:
http://files.shareholder.com/downloads/ONE/313502289x5031129x236804/fdfbcdf5-0281-4643-ab73-9df920148b1c/337066.pdf
GOOD GUYS:
They knew what was coming with RESPECT to the unintended consequences of subprime lending, and did WAY more than anybody else did. They raised their OWN capital through issuances of PREFERRED shares as a way to ABSORB the losses they knew were on the way. They did so with the help of TRUSTED investors and did NOT ever ask for or get offered a BAILOUT (which is weird because everybody else sure seems to have access to all the ching they desire).
http://finapps.forbes.com/finapps/jsp/finance/compinfo/secfilings/SECFilingsSummary.jsp?cn=WASHINGTON+MUTUAL+INC&tkr=WM&secn=0000950134-07-025159&frm=8-K
WASHINGTON MUTUAL IS NOT GOING TO LEAVE ITS INVESTORS HANGING
https://www.techagreements.com/agreement-preview.aspx?num=628198&title=Washington%20Mutual%20-%20Securities%20Purchase%20Agreement
WASHINGTON MUTUAL KNOWS exactly what they have, where it is, how long it has been there, and so on and so forth.
http://pro.edgar-online.com/
REALITY:
JPM thought they had Christmas EARLY back IN when WM’s WaMu banks were “seized” for no good reason. Guess what JPM, not so f#ckin’ fast. Bottom line is that it takes a LONG time for any company or TEAM to really KNOW the business. The REALITY of the situation is that JPM and FDIC are shitting in their pants right now. Paulson, that evil bas+@rd, is about 1 more SMOKE away from a coronary, and that’s only if his HEART doesn’t explode from a MAJOR ANXIETY attack. The sh|+ is going down as we speak, and EVEN when we SLEEP. Whatever people think they know…They don’t know $#!+ It’s not their fault, but they simply don’t KNOW, and there is no way that they could. So to all of you who are still waiting for BIG NEWS , This just in:
WASHINGTON MUTUAL ISN’T GOING ANYWHERE, THEY ARE OPERATING AS WE SPEAK , THEY WILL CONTINUE TO OPERATE AS A GOING CONCERN JUST LIKE ALWAYS, AND THEY KNOW EXACTLY WHAT THEY HAVE. WHAT THEY HAVE IS EXACTLY WHAT THEY HAD BEFORE THEIR WAMU BANKS WERE STOLEN. THEY HAVE CASH AND TONS OF ASSETS ( MORE THAN YOU THINK AND MORE THAN JPM THINKS THEY HAVE) AND THEY COULD FART AND HAVE ENOUGH TO PAY OFF THE PREFERREDS. THEIR SUBSIDIARIES ARE NOT PAWN SHOPS. WASHINGTON MUTUAL IS THE REAL DEAL AND THEY ALWAYS HAVE BEEN.
The NEWS is in and hopefully ALL of you still are too!
Sometimes it is good for people to hear the same things REPEATEDly because all it takes is 1 TIME
For it to MAKE SENSE.
HAPPY THANKSGIVING TO EVERYBODY ! THERE TRULY IS A LOT TO BE THANKFUL FOR. I AM BLESSED TO HAVE A STRONG SUPPORT SYSTEM IN MY FAMILY AND REALIZE THAT NOT EVERYBODY HAS THAT. HOWEVER, I AM ALSO HOLDIN’ GOLDEN TICKETS IN THE FORM OF WAMU, WAMKQ, AND WAMPQ, AND THAT IS SOMETHING THAT JUST ABOUT EVERYBODY HAD THE OPPORTUNITY TO DO AND COULD AFFORD TO DO. IF YOU DOUBTED THAT WASHINGTON MUTUAL WOULD MAKE THINGS RIGHT, OR IF YOU LOST FAITH OR TRUST, OR ARE A SHORTER,
THEN SCREW YOU!!!!! I HOPE THE SHORTERS DON’T GET GIVEN A BREAK AND EXPERIENCE ALL RELATED CONSEQUENCES!
HOPEFULLY EVERYBODY IS STILL HOLDIN’ BECAUSE IF YOU ARE,
YOU WIN!
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