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Just for support again Diamond you are consistantly right on. I think we will have one more supprise to bring pps down but hold on to your tickets an buy more imo
FDIC's Board of Directors Approves Global Settlement Involving Washington Mutual, Inc., Bankruptcy
FOR IMMEDIATE RELEASE
May 21, 2010 Media Contact:
Andrew Gray (202) 898-7192
angray@fdic.gov
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a global settlement of the bankruptcy case involving Washington Mutual Inc. (WMI), the holding company of Washington Mutual Bank, an institution for which FDIC was appointed receiver on September 25, 2008.
The FDIC is a participant in the global settlement because of claims and counterclaims involving the company resulting from its role as receiver. The agreement also settles claims between WMI and JPMorgan Chase, the acquirer of the failed Washington Mutual Bank.
FDIC's General Counsel, Michael Bradfield, stated that "this agreement will result in substantial recoveries to the receiver and resolve potential claims that could have taken years and millions of dollars to litigate."
The global settlement is subject to the approval of the United States Bankruptcy Court for the District of Delaware, where relevant documents were filed today.
# # #
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,932 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-119-2010
The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe
On my way to Maine going fishing GLTA :>
Commons are out of the money but not out of JPM stock.
Rozen may be only semantically right. Don't give up the ship!!! It is just starting to sail. I don't beleive Susman or Rozen. What can we expect during negotiations. Lie Lies and Lies then settlement and compromise jmo
This article fits a settlement Rozen is bluffing to keep everyone guessing and the pps down.
Posted by: Royal Dude Date: Wednesday, May 19, 2010 2:28:45 PM
In reply to: None Post # of 200246
Here he goes again but what if Rosen is just stalling for a global settlement by the end of the day or by friday. Using the current Pos Por as a empty shell to be filled out with all parties on board. creative huh???? :>
IMO Rozen is on our side..
I have no investment in Rozen but think about it he is working out a role.
Hear me out before you clobber me. I think this is an example of good cop bad cop and Rozen is the bad cop. His role is to represent all of us but is using a scnenario of blocking The EC for effect and strategy to set up JPM for the kill, genius strategy. MW is also using the shorter route to settlement the EC. Rozen knew he finnally would have to turn over the documents and probable already has as he has said. He will now negotiate with JPM,FDIC, WMI and the EC. His oringinal objective and we will love them all in the end.
2x value he knows it and is playing
Here he goes again but what if Rosen is just stalling for a global settlement by the end of the day or by friday. Using the current Pos Por as a empty shell to be filled out with all parties on board. creative huh???? :>
IMO Rozen is on our side..
I have no investment in Rozen but think about it he is working out a role.
Hear me out before you clobber me. I think this is an example of good cop bad cop and Rozen is the bad cop. His role is to represent all of us but is using a scnenario of blocking The EC for effect and strategy to set up JPM for the kill, genius strategy. MW is also using the shorter route to settlement the EC. Rozen knew he finnally would have to turn over the documents and probable already has as he has said. He will now negotiate with JPM,FDIC, WMI and the EC. His oringinal objective and we will love them all in the end.
2x value he knows it and is playing it out to play it out. his first priority creditors after cramdown us imo
Volume is pathetic
Without calling a halt the MMs are playing this to death. Any other thoughts
He had to keep it in Chp 11 and could not reveal all of the assets
IMO Rozen is on our side..
I have no investment in Rozen but think about it he is working out a role.
Hear me out before you clobber me. I think this is an example of good cop bad cop and Rozen is the bad cop. His role is to represent all of us but is using a scnenario of blocking The EC for effect and strategy to set up JPM for the kill, genius strategy. MW is also using the shorter route to settlement the EC. Rozen knew he finnally would have to turn over the documents and probable already has as he has said. He will now negotiate with JPM,FDIC, WMI and the EC. His oringinal objective and we will love them all in the end.
2x value he knows it and is playing it out to play it out. his first priority creditors after cramdown us imo
Thanks for your work Ilenes GLTA
Thank You, just sent to you
NH schwaab and td ameritrade
We will see strike
But remember Rozen still has a fuduciary responsibility to the shareholders he may be just representing creditors with the published data to keep this in Chap 11 for processing time of now the EC. They can now play together after yesterday for the benefit of all. Nonsence then becomes settlement.:> imo
Just playing a part of the role of a good actor playing it out. My "nonsence" may be just a ticket to settlement and all parties win. Just because you perceive some one way does nt make it right. lol
IMO Rozen is on our side.
Hear me out before you clobber me. I think this is an example of good cop bad cop and Rozen is the bad cop. His role is to represent all of us but is using a scnenario of blocking The EC for effect and strategy to set up JPM for the kill, genius strategy. MW is also using the shorter route to settlement the EC. Rozen knew he finnally would have to turn over the documents and probable already has as he has said. He will now negotiate with JPM,FDIC, WMI and the EC. His oringinal objective and we will love them all in the end. What do you think?????
Amazing Work Thanks
Totally agree only one thing the examiner will never get the facts to be made public before a settlement is made so no one but the parties to the agreement will know the real numbers and confidentiality will be required IMO
GLTO
I like your REAL Really!!!!!!!!!!!!!!
I think your right Uzual all we need was the threat,Susman. All other evidence, numbers or otherwise will not come to surface. To much evidence of criminal and collution between parties. Glta IMO
Nothing if there is a settlement with release of Liability and everyone is happy imo lol
rainbow Each to there own. But I do believe they wany us to get out of common and get into the preferred because there will better profit in common. But who cares we will both be in the money:> imo
Ya I agree but Rozen isn't stupid at some point will be telling JPM the gig is up. I think Susman is just the one to do it just for the publicity. Did someone say he was doing this pro bono???? Also was not picking on Mordicai, he has always favored the security of preferred. I just did not want the Longs to panic with his statement. I still think Bopfan went on EC:> imo lol
I think it will be over before he gets an opportunity to shine imo
Thanks for standing up Diamond
Modorcai and Bopfan have been compromised. I think both have either been told to turn on commons or replace Joyce on the EC committee. This a concerted effort to plug common before the pay off. Time to take off to the moon imo
Great Rick
Yes it would, but the SJ 4bil is a bargaining chip for settlement and the judge does not want to give it up. It would only make JPM in contempt because they will not give it up. imo
Totally agree this pre post #$%^ must stop. They are only trying to divide the shareholder. Just more BS to get your stock HAHA not mine sh#$ Head lol
I think you were correct in Questioning and I have been here from the beginning , who cares. I think there is some confusion with the SJ motion. Today was not about SJ 4BIL but SJ shareholder Meeting. Today was about shareholders rights not 4bil. This 4bil decision can be decided at any time (ASAP)from 6 months ago per Judge imo lol
Ride on Brother we will win in the end.lol
Yes it depends on how you calculate value. I think 7.56 is consevative but who knows until the financials come out for real.jmo
ASAP:>
I Think Diamond comes up with 7.56 2X 15+ as value based on DD? JPM Bid $8. before seisure. I like the 24. figure like everyone else but I think 15+ is consevative and then I do't think its healthy to guess and be disappointed.IMO LOL :>
With settlement, I do not think they would need all the finishing touches. They would work it out over time. Show me the money :> would satisfy the shareholders imo
I would say the estate is footing the bill for settlement which means JPM FDIC(I hope) Taxpayer and WMI Estate IMO
I totally agree.
I predict we will have settlement tonite or tomorrow based on the threat of the numbers coming out any day now. :> lol imo
This is only my 5th prdiction over 20 months
Rule of thumb:
Business for sale 2X
Criminal (RICO) 3X
LOL imo
No Wrong court imo
If EC ever speaks or goes on record without a settlement. I don't think the real numbers will ever surface. but we should get 2x+ imo
3:1 at least