TigerSoft - www.tigersoft.com 12/30/2007 --- by William Schmidt, Ph.D. 3/20/2008 Three months, too late, Cramer places Killinger at top of his Hall of Shame. 3/5/08 - Killinger fixed WAMU Bonus system so he can again score big in 2008. Despite fall of his company's stock from 46 to 6. 6/1/08 - Killinger removed as Chrmn of Board. Still CEO. Why? Insider Trading: News and Reviews: Articles Found on the Net See www.tigersoft.com Use TigerSoft Scans ...for insider trading. It shows you how to trade profitably in an age of rampant insider trading. TigerSoft Offers: Peerless Stock Market Timing: 1928-1966 Track Record of Major Peerless Signals Earlier Peerless-DJIA charts 7 Paths To Making 25+%/Yr. Using TigerSoft Index Options FOREX trading Investing Longer-Term Mutual Funds Speculative Stocks Swing Trading Day Trading Stock Options Commodity Trading ==================================================================================== 3/20/08 RAMPANT INSIDER SELLING and UNCHECKED GREED AT WASHINGTON MUTUAL (WM) .. ![]() 3/20/08 Update on Washington Mutual's Board of Directors Rampant Greed. from Michael Brush 3/19/08 | http://articles.moneycentral.msn.com/Investing/CompanyFocus/WaMuSkipCustomersSaveTheExecs.aspx Washington Mutal has the reputation of "tough guy" when someone falls behind on their home payments. But it lavishes high pay on its CEO and has just made it easier for its executives to get millions in bonuses. All this in a company whose stock is falling, falling, falling and is now below $10. Profits or successful loans are too hard for these million dollar thieves. The new rules give executive bonuses for customer loyalty and ATM usage. "If the bank meets its watered-down performance hurdles this year, Killinger stands to pocket $3.6 million as a bonus for 2008, or about 365% of his base salary...For meeting the new, lowered bonus hurdles, Chief Operating Officer Stephen Rotella would get a $2.8 million bonus, or 304% of his base pay this year. And Thomas Casey, the finance chief, would get $1.2 million, or 179% of his base pay. Google Washinton Mutual bankruptcy and you see how far ranging other complaints are against them: (1) Non-diclosure to share-holders about non-performing loans. (2) NY Attorney General alleges "that WaMu pressured eAppraiseIT to inflate home appraisals." It is alleged that their loan officers willing to make all kinds of misrepresentations to close loans. (Source: http://accruedint.blogspot.com/2007/11/washington-mutual-what-i-have-told-you.html ) (3) "Washington Mutual, Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc. spent $25 million in 2004 and 2005 lobbying for a legislative agenda that included changes in bankruptcy laws to protect credit card profits, according to the Center for Responsive Politics, a non-partisan Washington group that tracks political donations. The banks are still paying for that decision. The surge in foreclosures has cut the value of securities backed by mortgages and led to more than $40 billion of writedowns for U.S. financial institutions. It also reached to the top echelons of the financial services industry. (4) Grotesque over-charge fees by Washington Mutual. (5) Washington Mutual Visa Doubles Interest Rate with no warnng. (6) Washngton Mutual employees steal identity to get loans and lines of credit. (7) "A friend of mine got into a argument with wamu over a fee on his mortgage he won't pay so Now they have returned his checks and are starting forclosure he has hired a lawyer does not sound like they need the money" Source
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Washington Mutual TigerSoft Chart: 2007 TigerSoft Users Would Have Sold Out (and Sold Short) TigerSoft spots insider selling mainly by watching the Tiger Accumulation Index. Its dropping below -.25 when the stock is under-performing the DJI (representing the general market) is the primary way we do this. The redish-purple lines show these points in this chart. When the Black TISI line (6/6/2007) drops into negative territory and the stock has closed below its now falling 50-day ma, TigerSoft users know to consider the stock bearish, especially if it over-extended on the upside. Additional Tiger Sell signals give more points to sell the stock short. Note how the cumulative On-Balance-Volume (OBV) Line makes confirming new lows. This is a stock whose trust is now lacking. It takes a long time and new management to rebuild it. Thus, the stock is still being dumped as 2007 ends. ============================= WM 2007 ========================================= ![]() How To Look Up Insider Selling? Yahoo is a good source for looking up insider transactions in your stocks. Here is the link for Washington Mutual. http://finance.yahoo.com/q/it?s=WM Insider Selling by Robert Rubin at CitiGroup You can just as easily look up those of Citigroup (C) Among those listed as Clinton's Secretary of the Treasury, Robert E Rubin. He paid $0 for these 124,250 shares. He got out at a time when TigerSoft shows other savvy insiders were selling at the top!
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