agreed, but if 100 shareholders send in their motions, it would be at least a stir up. and who knows, the only argument against it is the costs, and thats laughable, look at the bills for the lawyers. a tradeagent for 1 or 2 years could not cost more then rosen for one month with 60 days at 30 hours, lol.
JPM posted in his report losses of about 29000 mio USD from the wamu bad loans.
wow? 29000000000 USD.
but, did they generate this losses like they did with the wamuheadquarter? where JPM sold it to northwestern bribebrookers for 170 mio USD, and the the northwestern bribebrookers sold it to calpers for 600 mio USD?
but even if this losses are real, did JPM really make a loss with wamu?
look at this numbers, 12000 mio was the loan loss reserve of the wamubank. so JPM made only 29000 - 12000 mio = 17000 mio losses, at the worst.
but, there was another hiden treasure in wamu, the wamu mortgage trust, with best rated loans (ask gibson), worth at a firesale price of 9500 mio, nominalworth about 13500 mio USD.
lets take the 13500 mio, and then we are at 17000 mio - 13500 mio = 3500 mio USD.
and JPmn paid for the wamu, 1889 mio USD. thats 3500 + 1889 mio =
5389 mio USD.
but, JPM got with the wamubank their losses from 2012, about 12500 mio USD. thats cash fpr JPM at a taxrate of 39% of about 4875 USD. now, 52389 mio USD - 4875 mio USD are 514 mio USD.
JPM paid for the wamubank 514 mio USD.
burt wait, there was a taxrefund at the holding, our losses of about 14300 mio NOLs were used to get a taxrefund. and this crooks at JPM had claimed a part of this, albeit they had used the NOLs of the bank for themselfs.
so, JPM got about 2500 mio USD from this taxrefund, thats a gain of 2000 mio USD JPM made with this wamubankrobbery.