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Ford Motor Co. Message Board

ir1engineer 107 posts  |  Last Activity: 13 hours ago Member since: Feb 27, 2001
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  • Reply to

    Two lawsuits related to JPM / WAMU at the end

    by brandmarty22 Oct 19, 2014 10:31 PM
    ir1engineer ir1engineer 13 hours ago Flag

    You certainly are dense today....this is the third time I have tried to explain the US of A legal system. When it is not a criminal case, there has to be a plaintiff of standing. In other words I could not sue you for being a moron because I have not really suffered any losses...any you are rather amusing at times....so, the government is suing "in behalf" think of it like filing an amicus of the court brief. Now, this time right that down so that I do not have to tell you a 4th time.

  • Reply to

    Att KKR

    by batsbats100 19 hours ago
    ir1engineer ir1engineer 16 hours ago Flag

    KFN no longer exists. Another figment of the imaginary business that constitutes WMIH

  • Reply to

    got stock??

    by lodas336 22 hours ago
    ir1engineer ir1engineer 16 hours ago Flag

    Are you lieing now or were you lieing above when you stated that you owned "..long and strong at 750,000 shares". Anyone interested can look up the thread to the top post by YOU.

  • Reply to

    got stock??

    by lodas336 22 hours ago
    ir1engineer ir1engineer 16 hours ago Flag

    How is your super model girlfriend and your Bentley? Of course everyone here believes you when you say that you own $1,657,500.00 of this pink sheet POS. What individual would really put that much money at risk in a thinly traded, no future, no hope business. Correct no one would or has.

  • Reply to

    Two lawsuits related to JPM / WAMU at the end

    by brandmarty22 Oct 19, 2014 10:31 PM
    ir1engineer ir1engineer 18 hours ago Flag

    As I have painstakingly detailed before, the LIBOR action if settled will ONLY result in cash to the government in the form of fines. The D&O insuranced SETTLED in 2011 and is NO longer liable. So, no cash either.


    There was other litigation filed in connection with the events surrounding WaMu’s collapse, including a securities class action lawsuit separately filed against certain former directors and officers of WuMu; the bank’s offering underwriters; and its auditors. As discussed here, in July 2011, the securities class action lawsuit settled for $208.5 million, of which $105 million was to be paid on behalf of the former directors and officers. The entire $105 million amount was to be funded by the bank’s D&O insurance.



    Although there were advance reports that the FDIC’s lawsuit against the former WaMu executives had settled, the FDIC did not formally announce the settlement until December 15, 2011. The FDIC’s press release announcing the settlement can be found here. The FDIC also released a detailed summary of the settlement, which can be found here.

  • Reply to

    Att KKR

    by batsbats100 19 hours ago
    ir1engineer ir1engineer 18 hours ago Flag

    Think you finally got one correct....it is a WEEDING...not a wedding. Just a weed in the garden that needs to be destroyed.

  • ir1engineer ir1engineer Oct 19, 2014 6:49 PM Flag

    You are dense....READ THE PA. The debt instruments...specifically bonds which are not securing real property....were SPECIFICALLY CALLED OUT AND EXCLUDED. Read the purchase agreement. It is on line. That way, you will look slightly less stupid.

  • ir1engineer ir1engineer Oct 19, 2014 11:18 AM Flag

    The only "investment" KKR made was $10.55 million to purchase options to buy at about $1.10 per share. They also were PAID to investigate merger partners. I would bet in the range of, oh, $10.55 million. If not...maybe you can direct me to the entry on the income statement documenting the income from KKR They did agree to loan $150 million at 7.5% or abut 4% more than JUNK status rates if AND ONLY IF A MERGER PARTNER IF FOUND BY THEM. Nice deal if you can get it. Promise to do some work for a piece of the action, if in the unlikely event something fall out of the sky, you hit. On the order of buying a lotto ticket only without having to pay anything for the lotto ticket.

  • ir1engineer ir1engineer Oct 19, 2014 11:11 AM Flag

    You might want to determine the source of the money. The previous suit against ALL directors and officers was settled circa 2009 with the INSURANCE company paying into the fund. They are off the hook. JPM and the FDIC are not involved or named. The ONLY defendants in the suit are the officers and BOD (personally) which means that there is little to NO MONEY. NO ONE else is named. Brandygirl continues to believe that there are hidden assets, bigfoot exists, and of course, space creatures are living among us. None of which is or will be true. Oh, and Brandygirl......the PA specifically details the mortgage backed securities as belonging to JPM and transferred as a part of the deal. Give up on the lie and move to another misleading statement.

  • Reply to

    trust lawsuit

    by mmibkt Oct 15, 2014 8:21 AM
    ir1engineer ir1engineer Oct 17, 2014 2:36 PM Flag

    Well, I guess that anyone who believes refilling of a lawsuit settled in 2009 with the liability insurance paying....would believe that I have ultimate control over the Yahoo message board. You really are a deep thinker aren't you.

  • Reply to

    trust lawsuit

    by mmibkt Oct 15, 2014 8:21 AM
    ir1engineer ir1engineer Oct 17, 2014 1:12 PM Flag

    bump for reality

  • Reply to

    trust lawsuit

    by mmibkt Oct 15, 2014 8:21 AM
    ir1engineer ir1engineer Oct 16, 2014 9:46 PM Flag

    There was other litigation filed in connection with the events surrounding WaMu’s collapse, including a securities class action lawsuit separately filed against certain former directors and officers of WuMu; the bank’s offering underwriters; and its auditors. As discussed here, in July 2011, the securities class action lawsuit settled for $208.5 million, of which $105 million was to be paid on behalf of the former directors and officers. The entire $105 million amount was to be funded by the bank’s D&O insurance.
    So if the same people are sued a second time for the same thing....and the insurance has already been paid and the court ruled...then only an idiot (like you) would repost a frivolous lawsuit and start calculating BILLIONS OF $ in settlements...moron.

  • Reply to

    trust lawsuit

    by mmibkt Oct 15, 2014 8:21 AM
    ir1engineer ir1engineer Oct 15, 2014 11:17 PM Flag

    Says the moron that posts a court filing from about 2009. Nice. I post the truth and relevant facts. You simply post nonsense and out of date material.

  • Reply to

    trust lawsuit

    by mmibkt Oct 15, 2014 8:21 AM
    ir1engineer ir1engineer Oct 15, 2014 11:16 PM Flag

    Dismissed 4-5 years ago...BOD and officers were required to pay back some cash. Not news and not a source of income for anyone here.

  • Reply to

    trust lawsuit

    by mmibkt Oct 15, 2014 8:21 AM
    ir1engineer ir1engineer Oct 15, 2014 9:35 AM Flag

    On what basis...your gulibility and poor investment decisions? Nothing has changed in the WMIH world except people are starting to recognize that this is merely a shell company waiting for chapter 7. Still the same no business, no employee, no asset, and no hope as original issue.

  • Reply to

    maybe there is life after death

    by batsbats100 Oct 14, 2014 12:55 PM
    ir1engineer ir1engineer Oct 14, 2014 1:12 PM Flag

    yea....an order for 10,000 shares when there was only abut 8,000 on the market....wait for it!!

  • Reply to

    What is the Perfect Entry PPS for Wmih?

    by frankfurrter Oct 12, 2014 10:37 AM
    ir1engineer ir1engineer Oct 13, 2014 11:54 AM Flag

    Altini....I see that your therapy has not helped your anger issues. I do not mind being the target, but it is not healthy for you to continue like this. It is not an entry point that you should be concerned about, rather the exit. Looks like most people have realized that there is no substance to this POS and are heading that way.........try meditation after you sell.

  • Reply to

    interesting story about...

    by lodas336 Oct 4, 2014 11:09 AM
    ir1engineer ir1engineer Oct 6, 2014 1:43 PM Flag

    Keep in mind that the IRS has very stringent rules about using NOL. There are actually thousands of us companies with BILLIONS in NOL that they cannot use....and never will be able to use.

  • Reply to

    interesting story about...

    by lodas336 Oct 4, 2014 11:09 AM
    ir1engineer ir1engineer Oct 6, 2014 1:41 PM Flag

    I am still amazed by the lack up financial understanding by most posters on this board. Those that post using only per share prices as a basis without taking the time to reflect on the magnitude of what they are saying....at $10/share the KKR options kick in and there would be 400 million issued shares...or WMIH capitalized at $4 BILLION.....really??
    Or your complete lack of comprehension of taxes. Say company "A" has say $100 million in sales which would give a rougly $10 million in taxable earnings. Company "A" would pay $3.5 million in tax and be left with $6.5 million. If they merged with WMIH as equals, then they use (just for grins as the NOL are WORTHLESS) the NOL to offset taxes. They then realise $5.0 million or (-) $1.5 million. Do you want to do that? Right, no one else does either.....hence, no merger partners after 3 years.

  • Reply to

    KKR news after

    by juicyjuice10001 Sep 30, 2014 10:39 AM
    ir1engineer ir1engineer Oct 6, 2014 1:28 PM Flag

    prediction not "pridiction".....and I do not care. I merely pointed out the stupidity of the story line.....
    WMIH turing into a muti-billion $$ company is absurd.

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