Posted by: fsshon Member Level Date: Saturday, March 06, 2010 2:22:16 PM
In reply to: drrugby who wrote msg# 160973 Post # of 161023 Send a link via email Share on Facebook Tweet this post
Your Honor "JPM is purposely delaying so that they may extract a more favorable settlement." Brain Rosen
It is not my fault for the delays "Stacy Freidman (S&C)
It has been estimated that JPM is making 2.4 Bil per month off the assets of WMB/WMBfsb. If this is true, then that is 2.4 X 18 months which totals approx 44 Bil, just in the 18 months. "That is approx 80 Mil per day!" We are not even talking about that fact that WMI's balance sheet had a total of 29Bil in cash as of Dec 07. This was WMI's money, not JPM's or the FDIC's. We know that their was over 21 Bil in cash in WMBfsb. near 4 Bil in WMB. If I am even near the number that is on that end year 07 sec filed report of finances, then we are close. I remember that report saying over 29 Bil in Cash. This was as of March 30, 2008. I know there was some bank runs, but they were re-capitalized by the company and new money was coming into the banks in the form of deposits and CD deposits. WMB was offering 5% interest on a 6 month CD as of April 08. Believe me there was more money in those banks than we can fanthom and JPM was re-capitalized by the FDIC when they illegally seized a solvent bank and gave it to JPM. They also took assets that did not belong to WMB or WMBfsb, they belonged to the "holding company [WMI]" which was owned by the shareholders.
Now if the media would "get off their butts" and actually report on this faisco and debacle, someone would win a pulitizer and this country could get on the road to recovery. As long as this is out there, the "financial system" will not recover. The insecurity of shareholders of all financial companies and pessimistic attitude of investors
, is not going to change, until the outcomes change. Wall Street is very aware of what happened here and JPM's share price shows it. It should be in the 60's or 70's the assets and money on hand warrant it, but the idea that JPM could fork over 50Bil anytime now, is weighing the stock down.
"The FDIC is going to cost the firm a great deal of money" Jamie Dimon CEO JPM Investor Conference Party Feb 2010.
Minimum 52 Bil !! IMO
Decon1401 anno 2010: Nicht weniger als 8$ !!
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