I think I will.

Where is Clayton with a PR?

WB bit the dust! Who is next?

Do our WM shares convert to the new ticker on the pinks?

Assets of 32B, debt of 8B = 16B. SO why the F are we under $1?

WaMu holding company claims assets of $32B and debts of $8B
Puget Sound Business Journal (Seattle)

Washington Mutual Inc. disclosed debts of $8.1 billion and assets of $32.8 billion in documents filed late Sept. 26 with the U.S. Bankruptcy Court in Delaware.

The Washington Mutual holding company (NYSE: WM), along with its affiliate WMI Investment Corp., voluntarily filed for Chapter 11 bankruptcy protection, court records show.

The federal Office of Thrift Supervision on Sept. 25 put Washington Mutual Bank into receivership after depositors withdrew $16.7 billion in eight days, plunging the 119-year-old savings and loan into a liquidity crisis, the regulatory agency said in a statement. It was the largest bank failure in U.S. history.

JPMorgan Chase & Co. acquired Washington Mutual’s banking operations and loan portfolio for $1.9 billion in an auction conducted by the Federal Deposit Insurance Corporation, leaving WaMu’s holding company and its affiliate to chart their own course.

More than 500 entities hold either unsecured or unsecured subordinated debt in the holding company and its affiliate, court documents show. The Bank of New York is trustee for the holders of the 20 largest unsecured claims.

The bank also hired three East Coast law firms to handle its Chapter 11 case. The firms are: Weil, Gotshal & Manges LLP of New York; Richards, Layton & Finger PA of Wilmington, Del.; and Simpson Thacher & Bartlett LLP of New York.

Good points.

The reason for the lack of performance is because there was not an official PR, it was only on the website. If Bloomberg recognizes this then things will change.

Yep.

Schwab never restricts, but they only let you buy up to 999,999 shares per trade.

Washington Slumloans, lol

I figured there would be a bounce from .05 - .10, I didn't think it could see a $1 again, but who the hell knows!!!

This could bounce between .05 and $1 for months. A lot of opportunity!

I would short WB in pre-market if it was allowed!

Can't we all just get along?

Lmao! You think I'm Jeff? That's funny.

And the shareholders got wiped out.

Doesn't sound like a guy who wants to throw his reputation away on a pink sheet scam... INCL is the real deal.

I bought 250K shares at .06 before the bailout started... I'm waiting for $1 boys !!!

Bounce to $4

We are going much much higher here, BLDV is a great investment that will yield you stunning returns. John Quincey Moaning is a visionary leader who will change the face of the biofuel industry! And you can be a part of it pontalba for only 2/10th's of a cent right now!

What are you waiting for? You're being thrown a ladder to the USS Riches! Climb aboard with the rest of us!

You are probably right, 'BLDV' will not be trading soon. What will be trading is a new ticker assigned to Nasdaq based on a new valuation. It's going to be great ponty! Get some shares before it's too late !

BLDV new highs are coming!

The war here is almost over, victory is near for longs!!!

Not the WM shareholders, they were robbed!

FDIC SCREWED THE SHAREHOLDERS!!!!

Criminal. Execs get millions and shareholders get destroyed.

WaMu execs could get cash severance totaling $38 million
Portland Business Journal - by Greg Lamm

Alan Fishman, the CEO of Washington Mutual Inc. for only a few weeks before the Seattle-based thrift failed, would be entitled to $19.1 million in severance and bonus pay.

Two other top WaMu executives have clauses in their employment agreements that would also pay them a total of $19 million in cash severance if they are terminated by JPMorgan Chase & Co.

WaMu, which has 67 branches in Oregon, was seized by federal regulators and sold to JPMorgan Chase & Co. Sept. 25.

According to a WaMu filing with the Securities and Exchange Commission, Fishman, who replaced Kerry Killinger as WaMu CEO on Sept. 8, signed an agreement that would pay him a cash severance of $11.6 million if he is terminated this year or resigns. He also would be allowed to keep his $7.5 million signing bonus.

The WaMu executive with the biggest termination package is Stephen Rotella, president and chief operating officer, who is entitled under his current employment agreement to a cash severance of $12.7 million if he is terminated or quits with “good reason.”

Meanwhile, CFO Thomas Casey would receive a cash severance of $6.3 million if he is fired or quits with good reason.

Both Rotella and Casey also could receive millions more in non-cash severance compensation under their employment agreements.

A JPMorgan spokesman could not be reached for comment. But on Friday the company told The Associated Press that Fishman remains as CEO of WaMu’s holding company and it was too early to say whether he and other executives would be replaced.

Oh well !

After Hours: 1.69 Up 1.53 (953.62%) 6:36pm ET

What the hell is this?

Look at LEHMQ, .05 to .40 in a week. Not bad. I think we'll at least see $1 here, get something back out of this mess.

This could explode back to $4 on pure trading and speculation like FRE, and FNM did.

I hope you are right about the .001's!!!

That's a crime. 11 million for a bank failure?

The trades are in 5k blocks, some a little bigger. But this is just some retail losing patience, I agree. Dilution would be more like 500K, 1 million share blocks.

They are pulling the rubber band back for the launch imo. Load her up!

I hope I can buy at .001, I'll buy 5 million shares!

Hell bring her down to .001 next week, I'll grab a few mil!

Okay, this isn't funny anymore....

Actually I needed to sell to pay for my buddy's bachelor party this weekend; escorts, booze, hotel rooms, etc etc etc...

I'll buy back next week though once I get paid. Mr. Moaning is invited to the party, as well as all longs.