Here is your seller?

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_W/threadview?m=te&bn=86316&tid=36098&mid=36098&tof=1&frt=1#36098

Actually, I put my sell limit ABOVE the ask. My ask was $5.90. The MM ASK was, at the time of my Order, was $5.80 or $5.85. I don't remember.

The funny thing was I was putting up my sell orders. I did the first one at $5.90 limit. While I was going to my next lot to sell, BAM volume shot UP!!!

Now here is the thing. I set one limit sell at $5.90. It executed, BUT at $6.20.

Now, I know MMs are greedy, but why give me a better executed price?

BTW, the 208 was mine. I was not able to get to the next one. I did not want to put in large sells and tank the PPS. You know, low volume. That is what happens.

BTW: Anyone think something/info leaked from Court today? If you look at WAMUQ and WAMPQ, both had a large spurt in volume at the same time.

Must be the people with the Blackberrys in Court today.

Holy crap, did someone just buy 7,000 PQ at 6 plus $!!!!

See page S-14.

http://investors.wamu.com/interactive/lookandfeel/102028/V23402_WAMU_424b5_Clean_.pdf

"We have authorized the issuance of up to 600 shares of our Series K Perpetual Non-Cumulative
Floating Rate Preferred Stock, no par value and liquidation preference $1,000,000 per share. The
Series K Preferred Stock will be represented by depositary shares each representing 1/40,000th of a
share of Series K Preferred Stock (equivalent to a liquidation preference of $25 per depository share)."

Seems as Series K is a preferred stock. This Preferred stock was broken up into 40,000 shares. You would own x amount of a depository of the x/40,000th of one Series K Preferred Stock. You would basically own a fraction of one preferred share.

Series K was issued before Series R.

"Section 2. Ranking. The Series R Preferred Stock will, with respect to dividend rights and rights on liquidation, winding-up and dissolution, rank (i) on a parity with the Series I Preferred Stock, Series J Preferred Stock, Series K Preferred Stock, Series L Preferred Stock, Series M Preferred Stock and Series N Preferred Stock and with each other class or series of preferred stock established after the Effective Date by the Company the terms of which expressly provide that such class or series will rank on a parity with the Series R Preferred Stock as to dividend rights and rights on liquidation, winding-up and dissolution of the Company (collectively referred to as “Parity Securities”) and (ii) senior to the Company’s common stock (the “Common Stock”), the Company’s Series RP Preferred Stock and each other class or series of capital stock outstanding or established after the Effective Date by the Company the terms of which do not expressly provide that it ranks on a parity with or senior to the Series R Preferred "

http://www.sec.gov/Archives/edgar/data/933136/000095013407025552/v36537aexv4w1.htm

So basically, WAMKQ and WAMPQ are both non-cumulative preferred stock with the same rank in seniority.

I will review the prospectus later since it is late. Thanks.

My opinion of course.

Face value being equal, $1,000, how secure your $1,000 woudl determine recovery of the $1,000.

Other factors would include if one party is secured vs unsecured.

Being the first trust deed vs 2nd trust deed vs 3rd trust deed on a home, etc. Being the first trust deed you put you in more secured position, etc.

Security can be a home, car, CD, Letter of Credit, etc.

Depends how secure the collateral is.

Agree that we are both on the same team.

You should read the below that states different. I would hate to see you be misled with wrong information. If you feel that the below is incorrect, please let me know which portion you disagree with. Thanks.

"Section 2. Ranking. The Series R Preferred Stock will, with respect to dividend rights and rights on liquidation, winding-up and dissolution, rank (i) on a parity with the Series I Preferred Stock, Series J Preferred Stock, Series K Preferred Stock, Series L Preferred Stock, Series M Preferred Stock and Series N Preferred Stock and with each other class or series of preferred stock established after the Effective Date by the Company the terms of which expressly provide that such class or series will rank on a parity with the Series R Preferred Stock as to dividend rights and rights on liquidation, winding-up and dissolution of the Company (collectively referred to as “Parity Securities”) and (ii) senior to the Company’s common stock (the “Common Stock”), the Company’s Series RP Preferred Stock and each other class or series of capital stock outstanding or established after the Effective Date by the Company the terms of which do not expressly provide that it ranks on a parity with or senior to the Series R Preferred "

http://www.sec.gov/Archives/edgar/data/933136/000095013407025552/v36537aexv4w1.htm

So basically, WAMKQ and WAMPQ are both preferred stock with the same rank in seniority.

Just my opinion.

In my opinion, preferredso...@gmail.com, is Wrong.

"Section 2. Ranking. The Series R Preferred Stock will, with respect to dividend rights and rights on liquidation, winding-up and dissolution, rank (i) on a parity with the Series I Preferred Stock, Series J Preferred Stock, Series K Preferred Stock, Series L Preferred Stock, Series M Preferred Stock and Series N Preferred Stock and with each other class or series of preferred stock established after the Effective Date by the Company the terms of which expressly provide that such class or series will rank on a parity with the Series R Preferred Stock as to dividend rights and rights on liquidation, winding-up and dissolution of the Company (collectively referred to as “Parity Securities”) and (ii) senior to the Company’s common stock (the “Common Stock”), the Company’s Series RP Preferred Stock and each other class or series of capital stock outstanding or established after the Effective Date by the Company the terms of which do not expressly provide that it ranks on a parity with or senior to the Series R Preferred "

http://www.sec.gov/Archives/edgar/data/933136/000095013407025552/v36537aexv4w1.htm

So basically, WAMKQ and WAMPQ are both preferred stock with the same rank in seniority.

Just my opinion.

Thank for posting where you go the. You should let the guy on Google know so others do not rely on that information. I would do it, but I do not have a Google membership for the board.

BTW, what is "PNC"?

Thanks.

WAMKQ has the same ranking as WAMPQ. They are both preferred stock and both are paid at the same time. Where did you get that information from?

Some people do not realize this, but NOLs will remain with WMI regardless of the outcome with Congress.

Another thing is the NOLs not only remain with WMI, but they can be carried back two (2) years as well as carried forward 20 years.

If not a buyout, then WMI keeps the NOLs and utilizes the NOLs. WMI will be sheltered from any tax liability. Imagine working and not paying taxers. I wish I could do that.

NOW THE GOOD PART: Since NOLs can be carried back two (2) years, WMI can do something special. WMI paid about 3 billion in taxes for 2006 and 2007. Guess what? WMI can apply apply aportion of the NOLs for 2006 and 2007 and receive a tax refund for 3 billion CASH and the balance of the NOLs can be carried forward until depleted up to 20 years!

Wow, what a country!

Anyhow, I kinda want my money NOW! Come on WFC, JMP, C, TPG, make an offer!!!

So, 4.4 bil + 3 bil + NOL balance + other assets minus 8 bil liabilities = ????

FDIC is the receiver. The 1.9 bil is for unsecured creditors of WM Bank. JPM took most/all of the assets along with the secured creditors of WM Bank.

Unsecured creditors will share in the 1.9 bil, prorated.

Sad, but true. The unsecured creditors of WM Bank are the real losers.

Only thing that can save them is if there was/is a cross guarantee with WMI, which most likely not in existence.

You really do not know JP Morgan Chase?
http://finance.yahoo.com/q?s=JPM

TPG is a closely held private corp.

Edit: Now I see. I put JMP. Should be JPM.

Updated: I think it is a short term artificial depression of JMP stock only to get the ratio of any stock swap in favor of WMI.

TPG/Bonderman is in the know and I know he did not make his billions being honest. Bonderman/TPG led an investor group to raise so many billions for WMI. Bonderman/TPG knows the books on WMI before the raising of the 7 biillion and after since he is now a board member of WMI.

Bonderman/TPG has inside info and I am sure he is getting his ducks in order.

I only feelthis because I believe Bonderman/TPG is talking advantage of the on going negotiations with JPM (if true). And through these negotiations, Bonderman/TPG feels as though it will be an ALL STOCK TRANSACTION, hence the artificial depression of JMP stock. It is all abou the ration of WMI stock to JMP stock. JMP stock hasmore of a chance to rise/appreciate.

Notice how Bonderman/TPG has said absolutely knowing in regards to FDIC, JMP, OTS, etc.

Usually when a material event such as WAMU bank being seized, you would yell, scream, point fingers, etc. Not a work from Bonderman/TPG. Bonderman/TPG is under the advice and counsel of an attorney and something is planned.

Just my opinion of course.

opps...

TPG http://www.texaspacificgroup.com/
TPG owns like 280 million shares. Not sure the exact figure. They are THE MAJOR holder of WMI stock as far as I know. WMI raised about 7 billion from TPG (and investors).

JMP is JP Morgan Chase.

Crazy scenario/speculation:

Restricted trading regarding NOLs. After the Order was signed, Olympic/TPG was the first to put out what they owned. Others followed. Was this to set precedence that, "hey, this is what I (TPG) have! Show me what you (JMP or other suitor) got!!! I (TPG) am the the MAJOR shareholder here along with my capital group who also owns shares of WMI. If you want to talk about buyout, merger, etc., you come to talk me. I have all the voting power."

We have seen the WMI stock come down. Some say it is selling by hedge funds. Some say it is just retail with no patience. Well, speculation: MMs are trying to fill orders. Large orders for WMI stock. Have seen all the tiny sells going? 100 shares being sold on the tape. 100 shares is only a couple of dollars. Not enough to cover the commission!!! Now we have large buys going through. Just does not make sense.

Speculation: These orders that MMs are trying to fill, can it be the suitors? Can it be the TPG investors under different names accumulating trying to gather the absolute voting power? These investors led by TPG SHORTING JMP stock? Why??? Spec: TPG through, Bonderman, sits on the Board of Directors of WMI. Bonderman/TPG has inside knowledge. Can WMI be in talks with JMP? The negotiations could be an all stock deal. This much of WMI in exchange for this much JMP stock. Now, here is the kicker. JMP stock has fallen about 40/50% since a week or so ago. A result of shorting? TGP group shorting JMP stock? Why? At that time, before the 40/50% discount on JMP stock, the ratio of WMI in exchange for WMI would be lower. You would get less JMP stock for WMI stock. Now having JMP stock shorted to the tune of a 40/50% discount would yield you more JMP for your WMI stock.

Example: (Just throwing number that do not represent anything).

Before the 40/50% discount on JMP stock: 100 WMI stock for 1 JMP stock.

After the 40/50% discount on JMP stock: 50 WMI stock for 1 JMP stock.

Summary of the above: TPG trying to get a better ratio from WMI stock to JMP stock by accumulating WMI stock up to the max (NOLs) through different entities and below the radar while shorting JMP stock.

TPG = Insider trading. I know, but I am sure they will be able to get around that. Their excuse: Averaging down. Supporting my investment.

Remember, cash is king. Especially where cash is very hard to raise in this market environment. JMP would rather dilute their stock to obtain the 4.4 b cash and NOLs. JMP just does not have or is unwilling use cash to buyout WMI and risk their capital reserves.

The above crazy opinion is only speculation of the poster. It is absolutely a crazy thought. I have to stop thinking and go out tonight.

The two banks mentioned means Washington Mutual Bank in its entirety and Washington Mutual Bank fsb.

The states that are mentioned, NV and UT, are the states of incorporation.

So really, it is several thousand bank branches that have been seized.

JMP has 90 days from the date of the seizure/purchase to relinquish to the FDIC any WAMU branches that overlap JMP's or unwanted by JMP. These branches are in NY. I don't know where else. I am sure there are more.

This may actually turn out to be a good thing. Why? Look at the environment we are right now. Every single bank that had sub-prime holdings/paper are writing down their paper every quarter. JMP, Wachovia, BAC, Citi, E-Trade, etc.

For example, E-Trade, is a holding company of a bank and brokerage. Every quarter they are doing write downs on their sub-prime paper ans setting aside money for these write downs. The ONLY thing that is holding E-Trade together right now is the strong brokerage business they have. Every day, E-Trade trades lower and lower. TD Ameritrade and Schwab have stated that they wanted E-Trade's platform, but could not justify buying all of E-Trade and assume the liabilities on the toxic paper. E-Trade will not sell the brokerage separately and be left with all the toxic paper. E-Trade would have to file for BK and liquidate.

Now look at the other stock prices that hold toxic paper (more than any other company). You will notice a pattern. All the PPS' are going down.

The 700 Billion was intended to buy the toxic paper or to at least take the toxic paper off the balance sheets of these banking organizations and stop the write downs. Paulson decided to change his mind and throw our tax dollars into these "select" banks in hopes of freeing up lending/credit. Did not work, now the banks are tight fisted and not lending but going on a buying spree.

Bottom line: We are in an environment where CASH IS KING!!! WMI has 4.4 billion CASH. Looking E-Trade's delima, you will notice we are in a very good situation here. Why? People want E-Trades's platform BUT DO NOT want E-Trade Bank because it held toxic paper w/ continuous write downs. E-Trade will NOT separate the two, otherwise E-Trade Holding will be left with toxic paper and eventually file BK. Washington Mutual on the other hand, had the opposite happen to them.

Washington Mutual, a blessing in disguise, was able to separate the Holding Company from the Banks which held the toxic paper via the FDIC. WMI is now lean with no more toxic paper to write down.

All Washington Mutual has to do is just reorganize and emerge WITHOUT TOXIC PAPER. WMI will contact the FDIC after JMP's (90 days) relinquishes the branches that overlap JMP's and rebuy back these branches and start new w/o toxic paper and/or merge with a regional bank and start small. Why not? Washington Mutual still has the name (except for Washington Mutual fsb). Depositors will come back.

The only thing, was the 1.9 b price tag was the negative. Was it worth to get rid of the toxic paper. Maybe/maybe not, but this event gave WMI a fresh start with a ton of cash, 20 bil of NOLs, Washington Mutual name, many subsidiaries, banking experience, and w/o toxic paper. Imagine working and not paying taxes (up to 20 bil worth or 20 years).

For the long term people here: Have you asked yourself, "I wish I had bought Wal-Mart when it first came out. . . " Substitute Wal-Mart with Washington Mutual 2.0.

Also, the new filing re: selling off limited partnerships, is probably because they do not fall under the automatic stay and subject to creditors' judgment. WMI wants to sell them to bring them under BK protection. I am sure no one will object since it is for the estate.

Reorganize, buyout, merger, whatever, I am all for it.

All info above constitutes an opinion of the poster.

Unedited for spelling and grammar.

SEC subpoenas CDS brokers on trades -sources
Font size: A | A | A
3:48 PM ET 11/21/08 | Reuters


NEW YORK, Nov 21 (Reuters) - The Securities and Exchange Commission has sent subpoenas to interdealer credit derivative brokers relating to the trading of credit default swaps on financial companies in September, sources said.

The move follows a request from New York Attorney General Andrew Cuomo in the past weeks, also relating to the trading of financial CDS in September, the month that Lehman Brothers LEHMQ.PK failed.

Credit default swaps are used to insure against the risk of a borrower defaulting on their debt or to speculate on their credit quality.

Regulators are probing the $47 trillion, privately traded market for evidence of potential price manipulation, which they believe could have enhanced worries about financial companies and contributed to the failure of companies including Lehman.

In September, the SEC said that hedge fund managers, broker-dealers and big investors with significant trading activity in financial firms or positions in credit default swaps would be required to disclose those positions to the SEC and provide other information.

The regulator in September ordered more than two dozen big investors and broker dealers to hand over data about trading activity in American International Group (AIG), Lehman Brothers, Goldman Sachs (GS), Merrill Lynch (MER), Morgan Stanley (MS) and Washington Mutual (WM), said a source briefed on the matter.

The same source said the SEC is looking at trading activity in the securities of those firms between Sept. 1 and Sept. 19, as well as short positions in the specified companies.

The exact details of the subpoenas could not be determined.

A SEC spokesman on Friday declined to comment beyond the regulator's September announcement.

Jamie Cawley, chief executive at broker IDX Capital, confirmed the firm has received a subpoena from the SEC and that it is in the process of responding.

"We encourage and embrace any effort from the regulatory authorities to bring greater transparency and fair dealing to the marketplace," he said.

Spokespeople at brokers Phoenix Partners Group, Creditex and ICAP Plc declined comment. Officials at Tullett Prebon Plc, BGC Partners and Standard Credit Securities were not immediately available for comment. (Reporting by Karen Brettell; Editing by Leslie Adler)

Order - Proposed

http://www.kccllc.net/documents/0812229/0812229081117000000000013.pdf

"Does anybody think that TPG wants to take this private? They can also use the NOLs and they do have experience in the Banking Industry. Turn Wamu around and build it to sell Wamu for a MONSTER profit?"

From my previous post. It should say, TPG buyout Washington Mutual, not take "private." Only Washington Mutual can go private and TPG would have to buyout.

Might get a reasonable offer since the Judge has a say in the matter.

I might have any more posts. It says 1 post remaining, so this might be it.

Thanks.

Barclays, Fir Tree, Olympic (TPG) (was posted before), etc.

http://www.kccllc.net/documents/0812229/0812229081117000000000009.pdf

http://www.kccllc.net/documents/0812229/0812229081117000000000008.pdf

http://www.kccllc.net/documents/0812229/0812229081117000000000005.pdf

Is TPG trying to flush out JPM?

Figure out the float/short? Who else sold RESTRICTED shares?

I know the the reason for these filings are NOLs, but . . .

TPG would have to make an offer for the balance of the shares outstanding shares.

Makes me wonder why TPG initialed the Notice of Substantial Stock Ownership. (I know about the NOLs, etc.) Do they want to flush out who are the other substantial owners are (that are not known)? Could it be that TPG wants to communicate with these other entities? Is this to initiate an equity committee?

We will have to wait and see.

All speculation at this point, but things are moving as if "something" is going to happen.

If I remember correctly, TPG owned Amashon (sp??) which was HOme Saving Bank sometime ago. Home Saving Bank was sold to Washington Mutual Holding and converted to Washington Mutual Bank.

Now if the rumor of TPG taking a larger stake into Wamu Holding, what theories do you think is possible? (I have not seen the filing)

TPG is an insider. Bonderman, who is a Director on the Board for Wamu Holding, is from TPG.

If TPG is accumulating, I believe there will a covering of shares from GSCO/Brandes of 33 million shares because TPG will have priority (since Brandes sold share prematurely their Restricted Shares). Maybe Brandes is "TRANSFERING" (as noted in the motion) their shares to TPG? We need to watch GSCO for a while.

We see that most of the Wamu stocks have gone lower. Now could it be that MMs are trying to fill these orders of TPG?

We have seen Citi, Vanguard, etc. as recently as last week accumulate several millions of shares.

All these specialized attorneys are being hired for their specific purposes for and on behalf of Wamu Holding.

Wells Fargo appeared out of the blue. Wells, imo, is interested in the NOLs.

JMP is fighting over the footnote of the Order that will state NOLs belong to WMI. JMP is interested as well.

We have the 4.4 b hearing next week.

Dec. 2 is supposed to be when the schedule of assets, etc is to be filed.

We know that JPM has 90 days (from the date of purchase from FDIC?) to give back the branches it does not want/overlap Chase branches.

The JMP, I believe, did NOT have a NON COMPETE CLAUSE when JMP did the asset purchase from FDIC. THerefore, Wamu Holding can purchase these branches back from the FDIC for pennies since no one may want them without the deposit base and compete in the areas Chase is in now.

Does anybody think that TPG wants to take this private? They can also use the NOLs and they do have experience in the Banking Industry. Turn Wamu around and build it to sell Wamu for a MONSTER profit?

All possible suiters for Wamu Holding are waiting for the outcome of the NOLs and 4.4 b (and may be the asset schedule) to calculate the bid for Wamu Holding?

Everything seems to be going in Wamu Holding's favor.

May be TPG just knows something will happen in the very near future.

Who knows, all speculation here.

The above is just an opinion. Unedited for spelling and grammar.

Should find out CRTC is. They seem to have shares to sell today. I did not notice the other days.

Watch for TPG's filings.

Rumor is TPG is accumulating shares.

Holy crap, did you guys see that 1 million purchase??????

That is honestly a very hard question to answer. What might be good today, might change tomorrow, then all bets would be off.

Just remember, the higher the risk, the higher the reward. If you are young, I would say be riskier since you have time to make it back, but not too much risk in your IRA/retirments funds.

If I were you, I would in invest in safe plays and have 10/15% of your portfolio for the high risk plays.

Just my opinion.

I am sure that has happened, but I can't think of any. Plus, I know some of these are convertible. Each series of stock has its own prospectus as to the terms.

It would really be between the buyer/seller to negotiate terms if a buyout/merger happens.

Thanks.

Well, pre seizure, were trading in the 100ish range.

I really do not know what it will be trading at since we don't if they will still pay the divy. The divy is the KEY that will determine the price; people only buy preferreds for the divy.

No divy = low price.
Divy = high(er) price.
price = Do not know. Sorry. It is speculative right now.

Problem is we do not the future.

The above is in regards to a merger/buyout.

My opinion.

Climberprof,

In a merger, in my opinion, the preferreds will be freely traded.

Why?

If we think about it, when a someone makes an offer to buy the company, they are referring to the Common shares. The buyer will assume the liability of the preferreds. The buyer will not pay the face value, especially in this market where cash is scarce and all these corps are trying to raise cash. It does not make sense for the buyer to threaten their capital ratios just to pay the face value of preferreds.

Once the merger happens, the question will be if the buyer will continue to pay the dividend. That will determine the real value, the face value becomes INSIGNIFICANT.

Why?

Without a dividend, the value is now determined between a buyer and seller of the preferreds. Now if there IS a dividend, then I would say it is worth face value, depending on what the percentage of the divy is.

Another question re: preferreds, would be if it was non-cumulative or cumulative. Very important. Non-cumluative means that the buyer does NOT have to pay you dividends. Each preferreds have their our prospectus and should spell out its own terms.

Best case scenario: Preferreds is freely traded and retains divy.

Disclosure: I hold all classes of stock. All my opinion.

Purchased anytime since it can be carried forward into the future.

Thanks.

"The change to Section 382 of the tax code -- a provision that limited a kind of tax shelter arising in corporate mergers -- came after a two-decade effort by conservative economists and Republican administration officials to eliminate or overhaul the law, which is so little-known that even influential tax experts sometimes draw a blank at its mention. Until the financial meltdown, its opponents thought it would be nearly impossible to revamp the section because this would look like a corporate giveaway, according to lobbyists."

"Section 382 of the tax code was created by Congress in 1986 to end what it considered an abuse of the tax system: companies sheltering their profits from taxation by acquiring shell companies whose only real value was the losses on their books. The firms would then use the acquired company's losses to offset their gains and avoid paying taxes."

http://www.commondreams.org/headline/2008/11/10

After this tax tax change, you will see that Wamu Holding wil be marketable to any corp that is profitable. That is why Wells Fargo bought Wachovia for 15 billion rather than Citi's pittiful 2 billion. Wells could have just offered 5 billion for Wachovia and Wachovia would have taken it. Why pay a premium? This just shows how NOLs are soo important/valuable and how JMP was willing to go to court to fight Wamu Holding over the NOLs.

Anyhow, I believe that Wells is interested in Wamu, even w/o the branches, just for the NOLs.

My opinion of course.

I do not think Gates is interested in the Holding Co., however, Microsoft, I believe, is interested in only the building. Unknown if Mircosoft is interested in the Holding Co., but I do not think so.

I know Gates has a Foundation (unsure if it is located in the Seattle area).

If Wamu Holding gets all or most of the NOLs, Wamu Holding is a hell of alot more marketable to ALL corps, not just banking financial sector, wanting to shelter their future tax obligations of up to 20 billion.

Washington Mutual name is owned by Washington Mutual Holding. The FDIC still has Washington Mutual Bank, but JMP has the assets of Washington Mutual Bank and has Washington Mutual fsb.

JMP is expected to change over the Washington Mutual name to Chase within (I believe) the next two years. The ATM system has already been merged.

There are two buildings. One owned by Wamu Holding and the other seized by the FDIC and sold to JMP.

Nice.

Mark Northrup, a partner with law firm Graham & Dunn in Seattle, who specializes in creditor-debtor relationships, says there’s no legal requirement that a company has to be insolvent to file a bankruptcy petition.

“I think they’re doing it because filing a bankruptcy is just the formal way to wind up your affairs,” Northrup says. “If they don’t file, there will be loose ends.”

http://www.bizjournals.com/austin/stories/2008/09/29/daily12.html

Citigroup Inc Institution 0.00 % 2008-11-14 51,520,226 % Added More 48,405,282 1553.96 %

Dynamic Capital Management Llc Institution 0.00 % 2008-11-14 1,543,200 % Added More 1,512,350 4902.26 %

Bluebay Asset Management Plc Institution -0.01 % 2008-11-14 2,923,800 % Added More 2,119,800 263.65 %

Canyon Capital Advisors Llc Institution 0.00 % 2008-11-14 2,924,100 % Added More 2,900,000 12033.19 %

Jane Street Holding Llc Institution -0.03 % 2008-11-14 9,911,845 % Added More 9,860,504 19205.90 %

Wells Fargo And Co Institution 0.01 % 2008-11-14 1,191,220 % Added More 191,490 19.15 %

Citadel L P Institution 0.00 % 2008-11-14 1,365,210 % Added More 1,342,264 5849.66 %

Goldman Sachs Group Inc Institution 0.05 % 2008-11-14 27,842,315 % Added More 17,411,304 166.91 %

http://www.mffais.com/wm.html

Need to keep an eye on Wells Fargo. Wells is rumored to be a possible candidate for WaMu Holding. They did not add much, but in the coming days, lets watch if they accumulate up the NOL restriction percentage.

Goldman is another to watch. They are GSCO on the Lvl II. They are also short 33 million shares via Brandes.

Citi is another one to watch. Rumor was Citi is a possible canidate w/ WaMu Holding.

I have noticed Goldman/GSCO and Citi/SHBH on bid very often on Lvl II absorbing shares.

$600,000 / $18,000 = 3,333 % return on investment (ROI)

Actually I saw you used the "/" so that were I figured you meant "X many times the original principal", anyhow, last night I replied to your message that it should be disregarded because I saw the percentages are correct. That posted was deleted.

Anyhow, why don't you PUMP WAMPQ on the the WAMPQ board. The Mods have already said this is for WAMUQ.

I see what Moody's definition is, but what is Wamu's definition? Every entity has their own interpretation. That is why we have contracts that spells out your recourse. It should have been spelled out in the prospectus.

The thing I see is, if there is a merger or buyout, it would have to be up to the acquirer since they now have the assignment of liabilities.

Also, it would be spelled out i the reorganization plan which will hopefully be filed on Dec. 2'ish.

This is where nobody knows.

I did not see where BK was considered a default event. It could be considered suspended and not in default and resume once emerged, but there is no wording regard BK as a default event.

This would be up to lawyers to fight it out in court.

At least now you understand that in order to get face value, it can only under liquidation.

So you know, I do own WAMPQ. Also, you were the one who posted: SELL WAMUQ AND BUY Preferreds on a WAMUQ Board.

You tell me who is bashing? Stop calling the Kettle Black...

BTW, you still do NOT get it.