Jamie Dimon (evil republican) might be going to jail..

DigitalDave

DigitalDave

Sexy Beast!
Yeah, I knew you twirps would look now. Anyways, you boners might want to take a look at the WaMu thread, the Judge granted discovery on JPMorgan Chase. Big news, and media hasn't reported it. You want to know what caused this recession, keep watching. It's important news, and that thread isn't just about the stock price.
 
I'm looking forward to this. If it gets coverage there will be many pissed off people who had no idea...
 
Damocles said:
I'm looking forward to this. If it gets coverage there will be many pissed off people who had no idea...
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I'm sticking with my original thought, that this will settle before discovery actually begins.

Stephen J. Rotella, Steve Fortunato, Taj Bindra, John Behrens, Youyi Chin and Bill Murray.... Plea bargain line starts with these guys.
 
Digital, you sound like a highly sophisticated investor.
99% of people shouldn't touch any banks with criminals at the helm.
I don't share your confidence about any bank the would sell a pile of shit with a ribbon around it, and not even give the buyer the curtesy of a reach around.
 
Topspin said:
Digital, you sound like a highly sophisticated investor.
99% of people shouldn't touch any banks with criminals at the helm.
I don't share your confidence about any bank the would sell a pile of shit with a ribbon around it, and not even give the buyer the curtesy of a reach around.
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top, what I think you may have missed is who those criminals actually were, and what thier connection was with JPMorgan. JPMorgan used these fools to their advantage, and brought down Washington Mutual on purpose, just to buy at firesale prices. What I invested in, isn't the bank, but rather the holding company that owned the bank that got tarnished for multiple reasons. One of them was to get the TARP funds approved. There was a large number of 'coincedences' that just kind of happened, so to speak, that links multilple people in mulitple roles from our government, to the failure of Washington Mutual. I could repeat my statements form Sept 08 when it all went down, but the government caused this recession, and they will never let you know about it, unless of course, you do your due diligence and pay attention to whats going on behind the curtain. I hate to sound like a conspiracy theorist, but there is a lot of proof, and it's slowly making it way out to the public, but not quick enough for it to make a splash.

JPMorgan was the bank that should have failed, but instead, they decided to prop his little bitch ass up. Even when WaMu proved to the OTS they could handle the storm, Bernanke, Paulson, and Bair said kiss my ass.

Isn't it funny that WaMu wasn't on the 'short sell ban' list? Largest Saving's and Loan bank in the country, and they got no love. Isn't it funny that there was a 'run on the bank' before they seized WaMu, but WaMu was in Tier 1 capital rating, and was able to withstand it with no problems. Gave them an excuse, and the run wasn't customers like you or I, it was Dimon's and Paulsons buddies. Isn't it funny that the week that WaMu was seized was also the week that they were trying to pass the TARP funds, and they were rushing to do so, but it got caught up in legislation. WaMu was the sacrificial lamb, and I guess 2,200 buildings, $200B in deposits ($4B of that being WMI's) was only worth $1.9B to Jamie Dimon, and FDIC didn't have to shell out a dime. In fact they just recieved a capital contribution from JPMorgan, because WMI saw none of that. Washington Mutual Bank is now JPMorgan Chase, and it makes me want to vomit. I can not wait for justice to be served.
 
I hope you make a killing, my guess is the stock is way down from when you bought it. Conspiracy theories make one's losses more digestable.
 
Topspin said:
I hope you make a killing, my guess is the stock is way down from when you bought it. Conspiracy theories make one's losses more digestable.
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We bought it at $5. It's quite a bit up. It's currently selling at $20, and IMO will rise as soon as WaMu gets their settlement.

You should really read the thread. You might learn something that isn't about oil.
 
DigitalDave said:
top, what I think you may have missed is who those criminals actually were, and what thier connection was with JPMorgan. JPMorgan used these fools to their advantage, and brought down Washington Mutual on purpose, just to buy at firesale prices. What I invested in, isn't the bank, but rather the holding company that owned the bank that got tarnished for multiple reasons. One of them was to get the TARP funds approved. There was a large number of 'coincedences' that just kind of happened, so to speak, that links multilple people in mulitple roles from our government, to the failure of Washington Mutual. I could repeat my statements form Sept 08 when it all went down, but the government caused this recession, and they will never let you know about it, unless of course, you do your due diligence and pay attention to whats going on behind the curtain. I hate to sound like a conspiracy theorist, but there is a lot of proof, and it's slowly making it way out to the public, but not quick enough for it to make a splash.

JPMorgan was the bank that should have failed, but instead, they decided to prop his little bitch ass up. Even when WaMu proved to the OTS they could handle the storm, Bernanke, Paulson, and Bair said kiss my ass.

Isn't it funny that WaMu wasn't on the 'short sell ban' list? Largest Saving's and Loan bank in the country, and they got no love. Isn't it funny that there was a 'run on the bank' before they seized WaMu, but WaMu was in Tier 1 capital rating, and was able to withstand it with no problems. Gave them an excuse, and the run wasn't customers like you or I, it was Dimon's and Paulsons buddies. Isn't it funny that the week that WaMu was seized was also the week that they were trying to pass the TARP funds, and they were rushing to do so, but it got caught up in legislation. WaMu was the sacrificial lamb, and I guess 2,200 buildings, $200B in deposits ($4B of that being WMI's) was only worth $1.9B to Jamie Dimon, and FDIC didn't have to shell out a dime. In fact they just recieved a capital contribution from JPMorgan, because WMI saw none of that. Washington Mutual Bank is now JPMorgan Chase, and it makes me want to vomit. I can not wait for justice to be served.
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Conspiracy theorists are being proven right everyday.

everything has come to pass, down to everything being controlled by the fascist federal reserve and the banker elite.
 
I know plenty that's not oil.
I know most if not all big banks were into peddling the shit. See their write offs.
Congrats on your gain, I call that borderline gambling or at best extreemly highly speculative investing.
I'm an old cat 49, I'm pretty conservative in style of investing.
 
Topspin said:
I hope you make a killing, my guess is the stock is way down from when you bought it. Conspiracy theories make one's losses more digestable.
Click to expand...

Like Damo said, I informed people here when it was sitting at $4.93 - $5.00, I also bought another batch of P's at $9.75. Sold those already to flip in K's and a few Commons. They aren't doing well since I did that, but they stay in that same range, and P's also went down since I flipped, so I actually saved myself a little bit on that.

If I had payed attention a little earlier, we could have been buying at $1-$3 a share for WAMPQ. The commons I decided to buy a little of as well just in case a homerun hit is made with the settlement amount. Potentially... well... if everything goes perfectly, > $20 a share. I'm guessing $8 a share, but was a little more conservative before this. Remember, JPM offered $8 a share before, and it was rejected because it was a low-ball number. Really, all they were doing was obtaining information about WaMu to try and sack them. They knew $8 a share was low. It's sitting at .10 right now... it is strong buy even for short term gains. It will double quick, and you don't know when it will because it's up to the judge to make some more rulings. She indicated she will rule in favor of WMI for the $4 Billion, but I think she's giving JPMorgan time to settle, since they know Discovery is on it's way.

Preferred shares, if made whole, will be $1000 a share. I hope all of you guys get some moola off of this as well once you check into the details. Don't go just by what I'm saying, I still think you should only get in with what you can afford to lose, I will help keep ya informed (this isn't inside info, it's all available to you). But right now, is still a great buying opportunity to really see some returns.

Some things you want to watch are Billing statements from the lawyers, Court dates, and even keep an eye on the Ken Lewis debacle to see where the market sentiment will be. There is a lot riding on this. A lot more than just the money I'm about to make.
 
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