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LOL
lach mich tot
US Trustee is up ~ we have the right to seek the court to appoint an equity committee
# The attorney of Veneable is up and is discussing 5 reasons why we should have an EC. less than 20 seconds ago from web
that was Sun 1216/2009
Review of claims and follow up. Preparation for settlement discussions. Review and follow up pertaining to
litigation issues.
Mon 1217/2009 9.00 725 6,525.00 Review and follow up pertaining to settlement scenarios. POR review and follow up. Review of legal filings
if we get the o,2 barriere , we are save
goooo wamuuuuuu
i hope so
THJMW rules on SJ for WMI and Denies motion to disband the EC
isnt the same thing
crazy jpm @ 38,90
why is JPIG going so far down?
what do u say
i´ve yesterday 50K more
Raise your BID
and pay the ASK.
thats cool men, very cool
well said
D. The Debtors’ Cases are Large and Complex.
39. By any measure, these chapter 11 cases are large and complex. These
cases and the related Pending Litigation are intimately intertwined with the failure of WMB, the
largest bank failure in U.S. history. WMI’s capital structure has multiple classes with many
competing interests. There are competing claims and third party claims that aggregate many
billions of dollars. Such size and complexity further highlights the appropriateness and necessity
of the Equity Committee in ensuring that shareholders are adequately represented in the
admittedly complex negotiations apparently underway.
anyone tell me why we are 0,15 ?
ging to get crazy
i have today 50k more
gooo wamuuuuuuuuuu
can u send me this one
i think, nobody has a problem with the Swap-Business
my shares in JPM shares , i love it
obama will the money back
wamu will the money back
we want the money back
we got the artichoke salat
nari
lets votes 30 %
WaMu, JPMorgan Settle With Insurers
By Ryan Davis
Law360, New York (January 06, 2010) -- Bankrupt Washington Mutual Inc.
is seeking court approval of two settlements that would allow JPMorgan
Chase Bank NA, which now owns WaMu's assets, to assume liability for
WaMu's obligations under insurance policies it held with Old Republic
Insurance Co. and Zurich American Insurance Co.
In a motion filed Monday in the U.S. Bankruptcy Court for the District
of Delaware, WaMu asked the court to approve the settlements, reached
in December by WaMu, JPMorgan and the insurers.
Old Republic and Zurich provided workers' compensation, employers'
liability, commercial liability and other types of insurance to WaMu.
The motion states that the settlements are fair and reasonable because
otherwise WaMu will be liable for outstanding premiums due to the
insurers, despite the fact that the premiums cover employees who no
longer work for WaMu.
According to the motion, Old Republic and Zurich are currently owed a
total of $183,000 for unpaid premiums, which WaMu will be liable for
absent approval of the settlements.
That would be unfair, the motion states, because WaMu has historically
always paid its premiums and “the vast majority of the employees
covered by the … policies ... transferred their employment to
JPMorgan” when it took over WaMu in September 2008.
The settlements will also cancel two existing letters of credit issued
to the insurers by WaMu to secure its obligations under the insurance
agreements. The letters of credit are in the amounts of $21 million
for Old Republic and $18 million for Zurich, and the settlements will
absolve WaMu of the responsibility for maintaining them.
The settlement will reduce WaMu's outstanding liabilities and, by
withdrawing proofs of claim filed by the insurers, benefit WaMu's
estates and creditors, the motion states.
Last month, noteholders claiming to be principal creditors in the
bankruptcy of WaMu appealed a judge’s order compelling them to
disclose details about their holdings at the request of JPMorgan.
JPMorgan has been battling WaMu and various creditors in the thrift’s
efforts to reclaim as much as $7.9 billion in assets that WaMu has
argued were not intended to be part of its banking operations sale.
Richards Layton & Finger PA and Weil Gotshal & Manges LLP are
representing WaMu.
Fox Hefter Swibel Levin & Carroll LLP is representing the insurers.
JPMorgan is represented by its general counsel.
The case In re: Washington Mutual Inc., case number 08-12229, in the
U.S. Bankruptcy Court for the District of Delaware.
--Additional reporting by Christie Smythe
h t t p / / w w w . law360.com/articles/141663
from : http://seattle.bizjournals.com/seattle/blog/2010/01/jpmorgan_chases_internal_documents.html
Wamu TRUTH...
PLEASE READ THESE COURT DOCUMENTS.....
JPMorgan admits that the FDIC took over a solvent bank in one of the latest court documents...
I'm enclosing a few more documents filed through the BK court in regards to a declaration of Thomas M. Blake (http://www.crai.com/ProfessionalStaff/listingdetails.aspx?id=1276 ).
The declaration can be found in 103-4.pdf at http://www.mediafire.com/?sharekey=3b830df9f3d0e6fce7c82ed4b8f0c380aff12395630f22f3ce018c8114394287
Quoting:
12. Based on my review to date, there is no indication that the OTS performed a solvency analysis consistent with the test for insolvency specified in the Bankruptcy Code. There is no indication that the OTS assessed the fair sale-able value of the assets of WMB (or WMI). Nor is there an indication that OTS compared the fair sale-able value of the assets of WMB (or WMI) to the total amount of either company’s respective liabilities. There is no indication that the OTS performed a comprehensive cash flow analysis of WMB (or WMI). Instead, the OTS found that “WMB met the well-capitalized standards through the date of receivership.”8 Thus, without a thorough analysis of the assets, liabilities and capital of WMI and WMB, it is not possible to come to a reliable conclusion concerning the financial solvency of either entity, whether on a consolidated or stand-alone basis.
Here is another document that says as of August 14, 2008:
"We propose to decapitalize WMBfsb by returning $20 billion of capital to its parent. The $20 billion will include the master note of approximately $7 billion, proceeds from $3.5 billion of Discount Notes and cash generated through additional wholesale deposits and advances from FHLB Seattle. We propose the payment of at least $10 billion by September 30, 2008 and the remaining $10 billion through December 2009."
"The net balance sheet of WMBfsb will be approximately $34 billion to $36 billion after Project Fillmore. The leverage ratio will decrease to 25% from 62%. A well-capitalized institution requires an 8% or higher leverage ratio."
Read reference page 45 of DOCUMENT 103-1.pdf from here:
http://www.mediafire.com/?sharekey=3b830df9f3d0e6fce7c82ed4b8f0c380aff12395630f22f3ce018c8114394287
Enclosed is a link to the affidavit of Doreen Logan who is the Controller/ Assistant Treasurer of Wamu who states that there was no liquidity problems;
http://www.google.com/search?hl=en&ie=ISO-8859-1&q=%20Ex.%20D%20to%20Affidavit%20of%20Doreen%20Logan%20%28%201%20/07-3/08%20Account%20Statements%29%20A-46%20...&btnG=Search
Remember, WMBfsb was also taken from the holding company and sold to JMorgan/Chase with all of the other assets for only $1.88bil.....
Please, take some time and read these documents. They are a bit long but well worth the read. Don't you wonder why the main stream media doesn't mention the suppose "failure" of the largest financial institution in America? Wamu was a 100+ year old company.....Here is a link to all documents filed through the BK Court;
http://www.kccllc.net/wamu
Jamie Dimon planted "moles" in Wamu??? JPMorgan committed corporate fraud???
http://www.kccllc.net/documents/0812229/0812229090501000000000002.pdf
Wamu's claims against JPMorgan/Chase;
http://wmish.com/doc/gov/0603/JPM_V_WMI_-_ANSWER.PDF
Debtors seek the Rule 2004 examination of the following Knowledgeable Parties: "
"The Regulators"
FDIC - The Federal Deposit Insurance Corporation, in its capacity as receiver for WMB and in its corporate
capacity,
OTS - Office of Thrift Supervision
OCC - Office of the Comptroller of the Currency
Federal Reserve - Board of Governors of the Federal Reserve System
Treasury Department - U.S. Department of the Treasury
SEC - U.S. Securities and Exchange Commission
Paulson - former U.S. Treasury Secretary Henry M. Paulson, Jr
"The Rating Agencies"
Moody's - Moody's Investors Service
S&P - Standard and Poor's Corporation ("S&P")
"The WaMu Suitors"
Banco Santander - Banco Santander, S.A.
Toronto-Dominion - Toronto-Dominion Bank
TD Bank - TD Bank, N.A.
Wells Fargo - Wells Fargo, N.A.
"The Banks"
FHLB-SF - Federal Home Loan Bank-San Francisco
FHLB- Seattle - Federal Home Loan Bank-Seattle
Goldman Sachs - The Goldman Sachs Group, Inc.
"The JPMC Professionals"
PWC - PricewaterhouseCoopers
Equale - Equale & Associates
Holt - Richard F. Holt
Horne - David Horne, LLC
http://www.kccllc.net/documents/0812229/0812229091214000000000008.pdf
Please read this article;
http://www.portfolio.com/industry-news/banking-finance/2009/12/07/why-federal-regulators-closed-washington-mutual/index.html
http://seattle.bizjournals.com/seattle/stories/2009/12/14/daily18.html
KTS9 Interviews Kirsten Grind "How Washington Mutual Could Have Survived..."
the WaMu bankruptcy is getting very interesting for lots and lots of Am Law 100 firms
we need news , everything is up
we need news , goooooo wamuuuuuuu
this cant be for 1,9 B
https://www.chase.com/welcomewamu/
2 time value , nothing else
goooo wamu
winner winner chicken dinner
http://www.kccllc.net/documents/0812229/0812229091029000000000012.pdf
the shareholders belong only 2,5% from the assets without the 1,3 billion
i say this is a big opportunity 2 make some money
i will buy if this going to 0,07
this stock is going to 0.07
where is diamond, we need some enthusiasm
this baby is too fast in - and +