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Re: argc post# 213719

Saturday, 06/19/2010 3:23:49 AM

Saturday, June 19, 2010 3:23:49 AM

Post# of 730689
we are not insolvent. we are in bk to protect us, not to lessen debt or reorganize. we were worth billions more than what JPM stole us for. we are not liquidating, which they were trying to pull. we are a healthy institution that wants a fair value. Even if we got 25% of our fair value and liquidated, preferred would get paid in full and commons would see more than a dime. What JPM paid for us was less than 1% of what we are worth. No court anywhere would find collusion was committed and leave a share or creditor out in the cold. Jpm has stated that they have made far more than what they paid for wamu. Far more being in the tens of billions. That proves that we were not insolvent expecially since JPM made far more profit off of Wamu than what they claim our debt was.
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