current
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Viva,
Large Green will be in Las Vegas as Large Green will enjoy playing with SOME Large Green!
If this deal is not done this holiday weekend it will create another GREAT buying opportunity on Tuesday-Thursday following the holiday as WAMUQ will probably come down quite bit. Keep some AMO.
Pascal,
Has there ever been a solvent bank; one of the largest in the world ever seized illegally? If your answer is no, then you can answer your own question of "has any stock ever gained 80,000 percent"?
John,
Weil, Gotschall and Manges is the same firm handling LEHMQ, so my guess is they are speculating on that as well as other issues that are the same. Imaging,where ever there is corruption, illegal activites a lot of money, there is JPM leading the saga.
Biz, I do not believe they have any authority to sell anything other than the banks which does not include their name "WaMu" or trademarks. If that was the case what would keep them from taking your car, house or for that matter your wife (if you have one)?
SF, I do not think most people realize, WMI does not want to be merged with JPM. Let's face it, if JPM gave WMI $24.00 a share, WMI would cease to exist.
Now if WMI can get $24.00 in cash/stock to settle with what they have already stolen, (should be easy now) WMI can sell themselves to another entity (GS,MS,C) they could demand double ($48.00) as the entity would be paying in stock so that would be the premium for the cash pile and stock depreciation.
Diamond, I would think you would NOT pull sanctions unless it WAS signed sealed and delivered as JPM has already made a fool out of WMI by filing that adversary claim in the middle of negotiations.
It would seem to me you would not leave another opening for these bastards to pull more court room antics, since they have not even been chastized for their behavior to date. I understand why the Judge may be giving them flexibility, but when you out right lie, deceive the court and make total misrepresentations, I would think something would have been leveled by now.
Royal,
I think it is possible for WMI to want a small leak such as not redacting the filings. They know we are watching and it would not look so bad to the public if WAMUQ runs to a couple of dollars before a $25.00-$30.00 dollar settlement.
Fsshon,
Great post as your norm, I have been following all along as I am pre and post seizure. I agree with you 100% percent about Bonderman and company. All one has to do is Google him and learn about his education and that is a 'tell all" in refernce to this case.
The reason he has been so quiet as he already knows the out come based on his education/experience. When he started the behind the scenes recovery, he knew it wuld probably take 1-2 years so he has no reason to run his mouth, but to make these bastards pay through action. This is exactly what we are seeing, his action.
Supr,
Greed always destroys! I would be willing to bet JPM could have setted this for $10.00 per common share but that train left the station in December 31, 08; however it will now cost a minimum of $25.00 a common share and if the pay by JPM stock the value will be double in JPM stock as there stock could slide 30-60 percent with the announcement.
I posted this on Yahoo but due to all of the facts we know and have found out since September of 08; WMI is in a position of total strength ans is calling all of the shots now.
I will not lay out all of the fact now but I have been in the camp all along JPM can not turn any information over as they could (unknowingly) turn something over to 'forever' damage JPM's corporation. So with Congress leaving town for three weeks, I believe this Friday or Monday would be the time for settement. By the time Congress comes back there will be bigger fish to fry.
Jeff,
I believe it has to do with "future business" dealings with the law firm. You can win a lawsuit with dignity and lose with dignity. The law firm is whipping JPM badly and they do not want to embarrass them to bad as JPM would probably hire them in the future if they handle themselves with professionalism and sound judgement.
Abighammer,
I already have enough that will truly change my life, but I will take another large stake this week unless it settles. This is a once in a lifetime opportunity that should of never happened so I will load, load and reload till that infamous 8K is released giving us the news that Diamond was a little short in his $12.00 plus a share as it will be $24.00 plus a share. JPM missed the $12.00 a share settlement when the Christmas 2008 train left the station.
freemarket, you are totally correct. There is no way a top notch legal firm would answer an email in that manner.
Diamond, Hey man I am with you all the way but I think your $12.00 a share would be a total steal for JPM and a screw job for WMI shareholders.
You would be in the ballpark with $24.00 plus per share. Your $12.00 per share left on the Christmas 2008 train and it is not coming back.
FSShon,
This will be forever life changing for me and I can tell it probably be for you as well. I just want to take a moment to thank all of the great people who do wonderful DD and you certainly know who you are such as FSShon.
I agree in terms of time, we are very close, just maybe not this weekend and if no settlement this weekend, I think Monday-Thursday will creat another superb buying opportunity for WAMUQ between seven and eights cents a share.
FSShon,
Great post and I agree with the end result. Payment of large green to Large Green and many other posters who do great DD, such as yourself. I just think JPM will be so arrogant, they will force the Good Judge to take some extreme action or they will keep stalling.
They well know when they do come to an agreement, anything harsh will be dropped as part of the 62 billion dollar over-all settlement.
FSShon,
WMI can call people back more than once in full discovery which is what was granted, so why not depose Diamond first and put an end to this corruption via settlement?
Grand,
I would have to agree with you. I would also say, when you look at how hard this cover up and total media blackout worldwide would be to keep continuing; it would seem now that Rule 2004 is 'game on' the settlement would be imminent.
Island,
I do not pay attention to what people say, only their actions and these actions show a settlement is imminent in my opinion.
WMI MOR for May; LINK
Form 8-K WASHINGTON MUTUAL, INC For: Jun 26BY 10K Wizard
— 3:54 PM ET 06/26/2009
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6394997
Filed on: June 26, 2009
Fsshon,
WMI is in control at this point and merging with JPM should be out of the equasion. I would be wanting a lump sum payment for the damages or they would have to return (with damages) all property. Why in the world would they even consider merging with such a corrupt outfit as JPM, when WMI has options?
JPM is no longer in control; this is the point most people are missing, WMI is in control by far.
I plan on a whole lot of "large green" very, very soon as by the end of the third quarter.
SF,
Now your talking my language...large green
Bonderman is in control at TPG who owns a large percentage of WMI.
WMI Stays In Banking Busiess,
Carlyle, TPG Said to Weigh Buying First Republic Bank (Update1)
Share | Email | Print | A A A
By Jason Kelly and Jonathan Keehner
June 16 (Bloomberg) -- Carlyle Group, Blackstone Group LP and TPG are leading a group of bidders in talks to buy Bank of America Corp.’s First Republic Bank, the San Francisco-based bank that caters to wealthy individuals, people familiar with the matter said.
Carlyle and Blackstone, the largest private-equity firms, and David Bonderman’s TPG may partner with First Republic Chairman James H. Herbert II, said one of the people, declining to be identified because the discussions are private. Bank of America, the biggest U.S. lender by assets, is selling businesses to raise capital after receiving $45 billion in government rescue funds.
First Republic, inherited by Charlotte, North Carolina- based Bank of America through its takeover of Merrill Lynch & Co., may fetch $700 million, according to CreditSights Inc. analyst David Hendler. Merrill Lynch bought the bank, which had assets of $15.3 billion at the end of 2007, for $1.8 billion that same year.
Buyout firms invested more than $1 billion in U.S. banks in May after financial companies worldwide racked up almost $1.5 trillion in writedowns and credit losses in the past two years. Washington, D.C.-based Carlyle is pursuing bank deals through a team headed by former U.S. Treasury Undersecretary Randal Quarles and former UBS AG banker Olivier Sarkozy. Carlyle and Blackstone are part of a group that agreed to buy BankUnited Financial Corp. last month.
Columbia Management
Representatives of Carlyle, Blackstone and TPG declined to comment, as did spokesmen at Bank of America and First Republic, which has banking or trust offices in 10 cities including New York, Las Vegas and Los Angeles. Blackstone is based in New York, while TPG is based in Fort Worth, Texas.
Bank of America is considering selling businesses including First Republic and Columbia Management Group as it seeks to raise capital, Chief Financial Officer Joe Price said on a conference call last month. Chief Executive Officer Kenneth Lewis was called before Congress last week to testify about the circumstances of his purchase of Merrill Lynch.
Carlyle has $85.5 billion of assets, trailing only New York-based Blackstone. Carlyle last July invested $75 million in Boston Private Financial Holdings Inc., the owner of private- banking companies.
To contact the reporters on this story:
Last Updated: June 16, 2009 18:20 EDT
SF,
A very good post and you are right, WMI has lots of options, once they get the pile of cash. I would hate to think a very proud bank with an excellent hisory would end up in the hands of a company for all intenseive purposes, "should be shut down" for their continued criminal behavior.
I would not sell to them; put JPM in a huge bind and go for all of the cash possible, even if it takes another two years.
I would like to point out a question for the board to ponder. Why does everybody think that JPM will buy out WMI? WMI is in total control now and I think a lot of peope are forgetting this.
If I had anything to say about WMI, I would not allow a merger with JPM. I would force (through litigation) the FDIC and JPM to pay the damages in cash and or stock (if stock at least double), then I would select (highest bid) my dance partner, at which time somebody would pay double for the pile of cash (with paper of course).
Here is the "copy and paste" version.
press release
Jun 4, 2009, 4:28 p.m. EST
Shareholders of Washington Mutual Inc. Breath a Sigh of Relief
PHOENIX, June 4, 2009 /PRNewswire via COMTEX/ -- For the last eight months, Washington Mutual Shareholders (WAHUQ, WAMPQ, WAMKQ, WAMUQ) have been hunched over their computers, trying to keep up with voluminous information about the Washington Mutual Inc.'s forced bankruptcy, when WAMU bank was seized and sold in what shareholders perceive to be a hostile takeover by JPMorgan Chase of the well capitalized WAMU bank.
The counterclaim filing in Federal Court in Washington D.C. on May 29, 2009 has shown their diligence is paying off. It appears more clearly now than ever they will recoup their phenomenal losses from the lawsuits filed regarding this case. Shareholders have seen the share price increase dramatically since the seizure of WAMU bank in September of 2008, when it dropped nearly to zero, and anticipate further upward movement due to the excellent attorney teams that are representing WMI. They are quite pleased with their attorney representation in this matter.
The 335 page filing in court by Elliott Greenleaf and Quinn Emanual Urquhart Oliver & Hedges, LLP is detailed and comprehensive, bringing up all the points shareholders have been discussing for months. A copy of the court counter claim filing is posted on www.wamustory.com. The prayer for relief which begins on page 132 has 18 specific counterclaims. They are demanding fair market value for the assets that were seized, restitution in an equal amount to JPM's unjust enrichment and multiple other significant monetary damages. Their demand for payment of patent and trademark infringement alone, are treble damages of $6 Billion. They have demanded a jury trial in this matter.
Shareholders have gathered at websites such as www.wamucoup.com (950 members) www.wamuequity.org (796 members) as well as yahoo and google financial sites, to share their "due diligence" with each other over the last eight months. Shareholders should register their shares at www.wamuequity.org to give more strength to their fight for an Equity Committee in this case. Shareholders feel an Equity Committee is their best protection.
Weil, Gotshal and Manges, under the leadership of Marcia Goldstein, have put together an excellent team of attorneys that read like a "who's who" list of the best and brightest firms in the country. Shareholders will continue to watch everything in this dramatic and complex case.
SOURCE www.wamuequity.org
http://www.wamuequity.org
Copyright (C) 2009 PR Newswire. All rights reserved
Most Popular
Most readMost commented 1.Consumer Reports' top toys for holiday gifts
2.Silver outshining gold as an inflation play
3.U.S. stock futures waver as recovery debated
4.Financial-services bellwether delivers for bulls
5.Crude approaches $70 as jobless claims dip
Financial-services bellwether delivers for bulls U.S. stock futures waver as recovery debated Stocks mixed as retail reports offset jobs data Crude approaches $70 as jobless claims dip Silver outshining gold as an inflation play
Partner Center
Featured Stories
SEC charges ex-Countrywide CEO Mozilo with fraud
The Securities and Exchange Commission files fraud charges against former Countrywide Chief Executive...
Golden coffins: 10 of the most egregious CEO perks
Guess surges in late trades on quarterly results
Shares of Guess vault higher after the apparel retailer forecasts quarterly earnings above Wall Street...
Rio Tinto reportedly rejects Chinalco deal
Mining giant Rio Tinto PLC has decided to reject a $19.5 billion deal to sell part of itself to China's...
At least Rio Tinto didn't compound its mistakes
In backing out of the Chinalco deal, which never received a warm reaction from its top shareholders in any...
Grey,
I copied and pasted it now as I could not get the link to work.
press release
Jun 4, 2009, 4:28 p.m. EST
Shareholders of Washington Mutual Inc. Breath a Sigh of Relief
PHOENIX, June 4, 2009 /PRNewswire via COMTEX/ -- For the last eight months, Washington Mutual Shareholders (WAHUQ, WAMPQ, WAMKQ, WAMUQ) have been hunched over their computers, trying to keep up with voluminous information about the Washington Mutual Inc.'s forced bankruptcy, when WAMU bank was seized and sold in what shareholders perceive to be a hostile takeover by JPMorgan Chase of the well capitalized WAMU bank.
The counterclaim filing in Federal Court in Washington D.C. on May 29, 2009 has shown their diligence is paying off. It appears more clearly now than ever they will recoup their phenomenal losses from the lawsuits filed regarding this case. Shareholders have seen the share price increase dramatically since the seizure of WAMU bank in September of 2008, when it dropped nearly to zero, and anticipate further upward movement due to the excellent attorney teams that are representing WMI. They are quite pleased with their attorney representation in this matter.
The 335 page filing in court by Elliott Greenleaf and Quinn Emanual Urquhart Oliver & Hedges, LLP is detailed and comprehensive, bringing up all the points shareholders have been discussing for months. A copy of the court counter claim filing is posted on www.wamustory.com. The prayer for relief which begins on page 132 has 18 specific counterclaims. They are demanding fair market value for the assets that were seized, restitution in an equal amount to JPM's unjust enrichment and multiple other significant monetary damages. Their demand for payment of patent and trademark infringement alone, are treble damages of $6 Billion. They have demanded a jury trial in this matter.
Shareholders have gathered at websites such as www.wamucoup.com (950 members) www.wamuequity.org (796 members) as well as yahoo and google financial sites, to share their "due diligence" with each other over the last eight months. Shareholders should register their shares at www.wamuequity.org to give more strength to their fight for an Equity Committee in this case. Shareholders feel an Equity Committee is their best protection.
Weil, Gotshal and Manges, under the leadership of Marcia Goldstein, have put together an excellent team of attorneys that read like a "who's who" list of the best and brightest firms in the country. Shareholders will continue to watch everything in this dramatic and complex case.
SOURCE www.wamuequity.org
http://www.wamuequity.org
Copyright (C) 2009 PR Newswire. All rights reserved
Most Popular
Most readMost commented 1.Consumer Reports' top toys for holiday gifts
2.Silver outshining gold as an inflation play
3.U.S. stock futures waver as recovery debated
4.Financial-services bellwether delivers for bulls
5.Crude approaches $70 as jobless claims dip
Financial-services bellwether delivers for bulls U.S. stock futures waver as recovery debated Stocks mixed as retail reports offset jobs data Crude approaches $70 as jobless claims dip Silver outshining gold as an inflation play
Partner Center
Featured Stories
SEC charges ex-Countrywide CEO Mozilo with fraud
The Securities and Exchange Commission files fraud charges against former Countrywide Chief Executive...
Golden coffins: 10 of the most egregious CEO perks
Guess surges in late trades on quarterly results
Shares of Guess vault higher after the apparel retailer forecasts quarterly earnings above Wall Street...
Rio Tinto reportedly rejects Chinalco deal
Mining giant Rio Tinto PLC has decided to reject a $19.5 billion deal to sell part of itself to China's...
At least Rio Tinto didn't compound its mistakes
In backing out of the Chinalco deal, which never received a warm reaction from its top shareholders in any...
WMI PR Makes "MARKET WATCH", this is absoulutely huge for a rise in share prices.
When market watch speaks, things happen.
http://www.marketwatch.com/story/shareho...
press release
Jun 4, 2009, 4:28 p.m. EST
Shareholders of Washington Mutual Inc. Breath a Sigh of Relief
PHOENIX, June 4, 2009 /PRNewswire via COMTEX/ -- For the last eight months, Washington Mutual Shareholders (WAHUQ, WAMPQ, WAMKQ, WAMUQ) have been hunched over their computers, trying to keep up with voluminous information about the Washington Mutual Inc.'s forced bankruptcy, when WAMU bank was seized and sold in what shareholders perceive to be a hostile takeover by JPMorgan Chase of the well capitalized WAMU bank.
The counterclaim filing in Federal Court in Washington D.C. on May 29, 2009 has shown their diligence is paying off. It appears more clearly now than ever they will recoup their phenomenal losses from the lawsuits filed regarding this case. Shareholders have seen the share price increase dramatically since the seizure of WAMU bank in September of 2008, when it dropped nearly to zero, and anticipate further upward movement due to the excellent attorney teams that are representing WMI. They are quite pleased with their attorney representation in this matter.
The 335 page filing in court by Elliott Greenleaf and Quinn Emanual Urquhart Oliver & Hedges, LLP is detailed and comprehensive, bringing up all the points shareholders have been discussing for months. A copy of the court counter claim filing is posted on www.wamustory.com. The prayer for relief which begins on page 132 has 18 specific counterclaims. They are demanding fair market value for the assets that were seized, restitution in an equal amount to JPM's unjust enrichment and multiple other significant monetary damages. Their demand for payment of patent and trademark infringement alone, are treble damages of $6 Billion. They have demanded a jury trial in this matter.
Shareholders have gathered at websites such as www.wamucoup.com (950 members) www.wamuequity.org (796 members) as well as yahoo and google financial sites, to share their "due diligence" with each other over the last eight months. Shareholders should register their shares at www.wamuequity.org to give more strength to their fight for an Equity Committee in this case. Shareholders feel an Equity Committee is their best protection.
Weil, Gotshal and Manges, under the leadership of Marcia Goldstein, have put together an excellent team of attorneys that read like a "who's who" list of the best and brightest firms in the country. Shareholders will continue to watch everything in this dramatic and complex case.
SOURCE www.wamuequity.org
http://www.wamuequity.org
Copyright (C) 2009 PR Newswire. All rights reserved
Most Popular
Most readMost commented 1.Consumer Reports' top toys for holiday gifts
2.Silver outshining gold as an inflation play
3.U.S. stock futures waver as recovery debated
4.Financial-services bellwether delivers for bulls
5.Crude approaches $70 as jobless claims dip
Financial-services bellwether delivers for bulls U.S. stock futures waver as recovery debated Stocks mixed as retail reports offset jobs data Crude approaches $70 as jobless claims dip Silver outshining gold as an inflation play
Partner Center
Featured Stories
SEC charges ex-Countrywide CEO Mozilo with fraud
The Securities and Exchange Commission files fraud charges against former Countrywide Chief Executive...
Golden coffins: 10 of the most egregious CEO perks
Guess surges in late trades on quarterly results
Shares of Guess vault higher after the apparel retailer forecasts quarterly earnings above Wall Street...
Rio Tinto reportedly rejects Chinalco deal
Mining giant Rio Tinto PLC has decided to reject a $19.5 billion deal to sell part of itself to China's...
At least Rio Tinto didn't compound its mistakes
In backing out of the Chinalco deal, which never received a warm reaction from its top shareholders in any...
Fidelity Carried WMI Equity Post,
DJIA: 8,721.44 +221.11 (2.60%) | NASDAQ: 1,828.68 +54.35 (3.06%) | S&P 500: 942.87 +23.73 (2.58%) —Markets closed
Print Format A A A
/C O R R E C T I O N -- Washington Mutual Equity Group/BY PR Newswire
— 12:08 PM ET 06/01/2009
In the news release, Washington Mutual Inc. (WAMUQ
Loading...
) Shareholder Requests Equity Committee in Chapter 11 Bankruptcy Case, issued 01-Jun-2009 by Washington Mutual Equity Group over PR Newswire, the source should be "Washington Mutual Equity Group" rather than "Washington Mutual Inc" as incorrectly transmitted by PR Newswire. The complete, corrected release follows:
Washington Mutual Inc. (WAMUQ
Loading...
) Shareholder Requests Equity Committee in Chapter 11 Bankruptcy Case
DALLAS, June 1 /PRNewswire/ -- Michael Rozenfeld, a Washington Mutual Inc. (WAMUQ
Loading...
) stockholder has requested that the Department of Justice revisit a previous request for an Equity Committee in the Chapter 11 Bankruptcy case of Washington Mutual Inc. (WAMUQ
Loading...
) Michael previously filed a request for an Equity Committee November 10, 2008, shortly after the seizure of Washington Mutual Bank and numerous subsidiaries. That request was denied on January 9, 2009, after a brief investigation and review by Joseph J. McMahon Jr., Department of Justice. The primary reason it appears to have been denied was that anticipated lawsuits had not been filed yet, and the WMI assets were less than their liabilities. Mr. McMahon stated at that time, that the request for an Equity Committee could be revisited at some future point.
In the November request, Michael had conjectured that lawsuits would be filed against the FDIC and JPMorgan. Those lawsuits have since been filed, but there is no resolution of them as yet. Shareholders are very positive about a favorable resolution of those suits but are concerned there may not be enough time to organize an official Equity Committee to protect the shareholders when resolution is reached. WMI appears to be in negotiations regarding this, based on a review of the attorney bills on file in the Bankruptcy Court in Delaware. Judge Mary Walrath is presiding over that case.
Michael is a member of the Washington Mutual Equity Group, which could be considered an ad hoc Equity Committee. It currently consists of approximately 500 members, and Michael made the current request on their behalf. Getting an Equity Committee is the sole purpose of that organization. Their website is www.WaMuEquity.org. Shareholders and the general public are encouraged to visit that website to get more information on the seizure and Equity Committees. Another popular shareholder website is www.wamustory.com where a plethora of official documents regarding the seizure and sale can be found.
The reason for an Equity Committee is to protect shareholder interests in the resolution of the Chapter 11 Bankruptcy that was filed. Currently the shareholders are not formally protected. Many shareholders have modified their holdings to include shares of WAHUQ, WAMPQ, WAMKQ and WAMUQ, in an attempt to protect themselves at least partially. The company's net cash flow for April was 48.8 million.
J. Presnall
WaMuEquity.org
1-360-790-1149
JPresnall@WaMuEquity.org
SOURCE Washington Mutual Equity Group
More WAMUQ News
Fitch Puts $6.8B Of Washington Mutual Notes On Watch Positive
DJ Realtime News - 03:37 PM ET 05/29/2009
Washington Mutual April Net $47.7M
DJ Realtime News - 12:37 PM ET 05/29/2009
Washington Mutual Inc. Announces Resignation of Charles M. Lillis as Member of Board of Directors
CapIQ - 10:04 AM ET 05/27/2009
The reference to GM has to do with making the settlement announcement with very little news coverage, because GM would be the lead topic worldwide.
This way they could make the WMI announcement and quickly be buried with the GM news and move on with little 'worldwide' acknowledegement.
GM Chapter 11/Monday Morning:
Fox News is reporting GM Chapter 11 Monday morning. If a settlement is even close in the WMI case, it will be timed with the GM filing and this would explain why Judge Walrath has not made any major decisions, such as the 4 billion. If the settlement does not happen with the GM announcement, my guess it will not happen until the supenoas not only go out but right before the individuals testimony, which will probably not be before late fall 2009.
WMI MOR 8K 05/29/2009
DJIA: 8,406.43 +2.63 (0.03%) | NASDAQ: 1,752.49 +0.70 (0.04%) | S&P 500: 908.30 +1.47 (0.16%) —Markets close in 42 mins
Print Format A A A
Form 8-K WASHINGTON MUTUAL, INC For: May 28BY 10K Wizard
— 12:34 PM ET 05/29/2009
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6354543
Filed on: May 29, 2009
More WAMUQ News
Washington Mutual Inc. Announces Resignation of Charles M. Lillis as Member of Board of Directors
CapIQ - 10:04 AM ET 05/27/2009
Washington Mutual Dir Lillis Resigns >WAMUQ
DJ Realtime News - 04:42 PM ET 05/26/2009
New rules on appraisals jeered by some [The Philadelphia Inquirer]
MCT Business News - 01:25 PM ET 05/24/2009
Bighammer...funny
WaMu GOLDman:
After all of the discussions and facts discussed on this board, it would seem the facts show to replace WMI as it was before wrongful seizure and all of the illegalities the price tag to restore it would be between 50-70 billion dollars.
The settlement should be around 60 billion and this would be "on the cheap", considering a three year legal process that could easily pose a judgment of 150 billion (treble damages) with several people getting to spend a lot of time in the "Big House" thinking about how smart they were.
After the settlement and the winning bidder, say "GS" would be a stock swap of three WAMUQ shares for every one of GS (premium for cash and paper) and all preferred 'assumed' would be satisfactory ending.
I also took the liberty to rename the new organization to "WaMuGOLDman".
Printing some LARGE GREEN to pay LARGE GREEN and many others who due DD and pay attention. Thanks and good luck to you.
JPM 10K = More Money For WMI:
Form 424B2 J P MORGAN CHASE & CO
06:35 a.m. 05/04/2009 Provided by
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6298329
Filed on: May 4, 2009
It will very fast... and it will be fun to change common stock prices with JPM...now wouldn't that be poetic justice?
More "Large Green" for WaMu...and wait for "The Really Large Green" will be right around the corner!!!