I think you are correct. However, I can not believe they would get involved in this case, even for him. It really looks suspicious when they are trying to block investigations into the FED. Then again, if they do not even want congress looking into their dealings, why should they want a bankruptcy court doing so. I am not involved in finance for a living, so I am always amazed at the role of the FED in this country.

OBJECTION OF THE BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM TO THE COMMITTEE
OF EQUITY SECURITY HOLDERS’
MOTION FOR RELIEF PURSUANT TO BANKRUPTCY RULE 2004


http://www.kccllc.net/documents/0812229/0812229100602000000000011.pdf

IMO this is a huge development. Why would the FED BOG take the time to object to 2004, if they did not have anything to do with WAMU? Even though I have been following this case for over a year and a half like many of you, I am still surprised by the developments. IMO this case goes deeper than any of us can imagine or will ever know.

One thing that sticks out to me in the billing is the mention of "BlackHorse" in the following:

1/21 Review BlackHorse Opposition
1/26 Review Trustee Response to BlackHorse
1/26 Receipt, Review, and Analysis of USTEE's Opposition to BlackHorse filing

Who is BlackHorse? It that a code word being used for FDIC/JPM? Or is that Lloyds TSB? And if it is Lloyds, what interest do they have in this case?

"Black Horse is the leading provider of finance at Point of Sale in the United Kingdom. Available through 13,000 dealers and retail stores around the country, every year Black Horse helps 1 million personal and business customers buy their car, caravan, motorhome, motorcycle or to fund the purchase of home improvements or something special, such as an exotic holiday. With the backing of the Lloyds Banking Group, Black Horse has over 50 years experience and is committed to customer satisfaction."

I agree. The nice thing is that when you bought these at $5 even $8 looks good. I have always said I am riding this to the end. Mostly because I know it will end up well. The facts of the case revealed in court documents are still the same. For people who are new to this stock, look into Iron Mountain. There is documentation of wrong doing and I am sure the EC can get their hands on it if necessary. In my opinion nothing has changed.

Thank you for your negative comments. In my year and a half experience with this stock, bashers showing up on message boards usually means good things are about to happen. Thanks for the optimism

G-N,

What do you think about the news today that Barclays is interested in purchasing a U.S. Bank? Do you still think a white knight will come riding in, like you did a year ago, or has that ship sailed? Thanks for you opinion.

I wanted to highlight the fact that it is on the front page of Fox Buisness .com "Bank Battle Brewing", but yes that is the article.

FRONTPAGE FOX BUSINESS STORY Found this link and article on WAMUQ board:

http://www.foxbusiness.com/index.html

Interesting how the article cites/lists message boards including ihub

GN- IMO Yes, 15%. The easiest way to find out is to go to QuantumOnline.com and do a quicksearch for the symbol. It will give you extensive information, including whether or not the stock is eligible for a 15% dividend tax rate. They also have a tool that lists all preferred stocks that are elligible for 15% dividends.

For Wampq it states "Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-50 of the prospectus for further information)."

Dont worry, I decided a long time ago that I am in this until the end, good or bad. If it doesn't work, than oh well, I continue on with my middle class life, but if it does I have alot less stress in my life. For me the key has always been listening to the court hearings and looking at the billings. Again, a couple of people have worked very hard to make this information available to us. I remain quietly confident, and most importantly patient. Also, thanks to everyone on this and other boards for the entertaining commentary each day.

Thanks to everyone for the discussion on dividends. It is important to hear that every once in a while to remind me why the P's are such a good investment. To me the PPS is meaningless. I feel fortunate to have found this investment opportunity a year ago when I could afford to accumulate 4500 shares. I am also in the minority that hopes the dividends get reinstated instead of a cash value payout. I just went over one year of holding my P's so the possibility of back dividends would be icing on the cake. It has been a long wait, but I am confident in the outcome. I will continue to monitor this and other boards to learn from the outstanding work of a few people. Keep the faith!

Bank of America Equivalent (BAC.PR.L) is trading at $888, and they are far from being a solid bank in my opinion. So, I have to disagree with your opinions of "outside a settlement".

This was posted by govinsider on Y!, are you thinking the same thing GN? Possibly that this issue has already been decided? I think this is worth looking into because this is one of JPM's last options for delay.


govinsider:

Was the letter signed today (posted by ghost) a follow-up to a hearing already held with Judge Sleet to help their cause?

July 15, 2009
Federal Deposit Insurance Corporation v. JPMorgan Chase Bank N.A. DE Unassigned Judge Appeal Bankruptcy Appeal from Judgment/Order
Plaintiff: Federal Deposit Insurance Corporation Defendant: JPMorgan Chase Bank N.A. Debtor: Washington Mutual Inc., WMI Investment Corp.

And notice there are FOUR filings on this link...

http://dockets.justia.com/browse/state-d...

I am surprised how focused everyone is about when a settlement will occur. Does anyone else care that the reorganization plan is due in a couple of weeks, or is everyone assuming that it will not happen. The possibility of a large dividend stream is what got me interested in WAMPQ in the first place.

Interesting Developments: Increaded advertising by Chase, JPM repaying TARP next week, Texas ruling delayed until 6/22, Judge to rule on 4 bil by 6/24, WAMU originally stated they would be out of bk by 3rd quarter. Sure points to 6/20 settlement IMO. I know that crazy GD is also saying the same and we have been burned by him before with his easter prediction, but it is odd how things are lining up. I know I am not a regular poster, only an observer but wanted to share my opinions and see if anyone else felt the same. If nothing else it helps burn time during the waiting game.

Living in the Seattle Washington area it has been amazing to see the strength of Chase's add campaign within the last two weeks. All of the sudden radio ads, billboards, and even google ads on my ihub pages popped up out of no where. All of these advertise Chase as being Washington's new bank. I cannot imagine JPM spending so much money unless they knew their deal with WAMU was no longer in question. The timing also make me think that a deal with JPM might already be done and we are waiting for them to repay TARP. Totally IMO. Anyone else in Washington notice the same thing?

Interesting how the PPS is already climbing. Lets see if this continues

S896 Passes 95:5

Great post on Yahoo Board from TysonMM:

SO this page from "Is it a sign" thread was posted online around 10PM on the 23rd.

Which day was it that WAMPQ rose to the mid 30's? April 23rd also.

Hmmm... SO WAMPQ rose with crazey gains during the day, then this page at JPM about taking over WMII was posted after market close.
It is a snapshot of the page as it appeared on Apr 23, 2009 20:53:18 GMT
http://209.85.173.132/search?q=cache:tiR...

I have been following gold_nuggets post, mostly for entertainment, but I wanted to know everyone else's opinion on something he said. He keeps referring to "the three becoming one". When I hear three the first thing that comes to my mind is the big three (ford, GM, Chrylser). Can anyone imagine a situation where WMI would become involved with the auto industry. Possibly as a financing arm?

KIRO 7 TV (local Seattle TV Station) just ran a piece on the evening news. It basically outlined the lawsuit that was filed.

currently on the main sections of CNBC.com and MSNBC.com

We all know that China invested big money in Washington Mutual through TPG. Do you think it is more likely that we (U.S. Gov't) will stick it to China or FDIC will find a way to undo their mistake? I think this is the question that the discussions between WMI/FDIC/JPM are based on.

Investopedia explains Schedule 13G:
To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company. It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control. If these criteria are not met, and if the size in the stake exceeds 20%, a 13D must be filed.

If JPM was going to buy WMI as some people are suggesting, wouldn't they be exploring a 13D?

Anyone more knowledgable, please feel free to correct me