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JPMorgan Accumulation Theory Since this is the theory forum, I would like to throw one out there. I was looking over the stockholders list from last Oct 08 and I noticed something. JPM and its affiliates seem to own quite a bit of this companies stock. WAMUQ.. they controlled as of the listing 106,132,321 shares. Most were through India... Series R total = 336,722 Series K total = 3,842,800 The total commons for the JPMC BNA in Mumbai = 73,461,674 (near 4.2% of commons) The total commons for the BK/IA in Mumbai = 26,177,752 (near 1.5% of commons) The total of preferreds under control in India is huge to me. I understand the Judge issued the stay on 4.5% of commons, did she do this on preferreds also? Theory: US Trustee is aware that JPM is using outside subs to accumulate the stock of the company, to try and gain control of the process, so he is asking for present list, not the outdated one we have access to. He also might be wanting to investigate if JPM subs are accumulating over the 4.5%. Also Insider Trading or using their forces to control the stock. I actually think this is bigger than we think! backdoor negotiations that do not benefit the common shareholders. C ==== If the trustee expects malfeasnace (now where have I heard that word) and if you are JD, you might as well go for broke right! Debtors have informed me that they have been the subject of settlement negotiations. The United States Trustee Program is a component of the Department of Justice that seeks to promote the efficiency and protect the integrity of the Federal bankruptcy system. To further the public interest in the just, speedy and economical resolution of cases filed under the Bankruptcy Code, the Program monitors the conduct of bankruptcy parties and private estate trustees, oversees related administrative functions, and acts to ensure compliance with applicable laws and procedures. It also identifies and helps investigate bankruptcy fraud and abuse in coordination with United States Attorneys, the Federal Bureau of Investigation, and other law enforcement agencies." Could the request for a "sortable" list have anything to do with this theory... IMHO YES! Thanks ~Fish~ === You may be on to something here. It would sure be helpful if someone with experience in these things could weigh in to interpret these records. When I looked at these records long ago I discounted them because obviously in many instances they merely show JPMC as only holding shares as a trustee or as custodian of some guy's IRA, etc., but after looking again all those holdings in India really do stick out like a sore thumb. Why would anyone in India hold 73,000,000 shares of commons and 2,868,800 shares ($71 million liquidation value) of K's? I mean, really, it's India: Who would have that kind on money to invest in an obscure (to them) American S & L? And what and who are "JPMC CLEAR" and Vincent Marzella of Brooklyn, who holds over 4 million commons, 105,000 K's, and 113,000 P's ($113 million liquidation value)? I Googled him and he pops up as representing JPMC as "JPMC CLEAR", with an address in Brooklyn, and has been referenced in other bankruptcy court cases, but haven't discovered what "CLEAR" stands for. It would certainly be interesting to see the new, current list the U.S. Trustee is asking for, to see what has changed in these categories. JMHO http://ghostofwamu.com/forum/index.php?topic=1535.msg12294#m… |
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| aus der Diskussion: | Washington Mutual - Grösste Sparkasse der USA! Chancen & Risiken. |
| Autor (Datum des Eintrages): | born2live (19.12.09 11:44:59) |
| Beitrag: | 138,297 von 343,748 (ID:38601825) |
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