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Re: JohnnyWinter post# 119320

Monday, 11/09/2009 4:22:08 PM

Monday, November 09, 2009 4:22:08 PM

Post# of 749756
There is also no proof to suggest Weil or anyone else is considering canceling them either. To comment either way, is not much different than musing on whether the sun will explode tomorrow, in truth, it's a 50/50 chance, but the smart money is betting it rises just like it has every day that any of us has been alive.

The document you are referencing, the Sept. MOR, is also at the SEC, but somewhat abridged and in HTML instead of PDF, just seems a little easier to get through. And I agree with you, everyone should read it thoroughly, the section regarding cash and cash equivalents owned by WMI in a Chase account is especially juicy!

Looks to me like JPM is holding over 4 billion of WMI's cash, and THAT amount, has gone up in the last year!

http://www.sec.gov/Archives/edgar/data/933136/000090951809000754/mm10-3009_8ke991sep.htm

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