Monday, November 29, 2010 4:37:47 PM
www.unitedintlequity.org
We encourage you to go there and download the examiner documents, some of these documents are marked “highly confidential” revealing details about the FDIC and JPMC actions before, during and after the seizure of WAMU. OTS director John Reich told Sheila Bair (whom he thought was out of her mind) that they are not in the business of arranging mergers and that no one is going to touch WAMU without their (OTS) approval. When you read some of the documents the Examiner was able to get his hands on, it is obvious the workings of the plan FDIC and JPMC had hatched and then executed. If we do not see criminal indictments based on the content of some of these documents, then we as a country are in serious trouble when it comes to what lawyers and civil servants are allowed to do against the citizens and investors of the world. The US government is protecting the FDIC and using the court system to stall out the proceedings.
The bankruptcy court has two choices
1. Approve the POR and face an immediate appeal by the objecting parties.
2. Deny the POR, deny the FDIC releases in GSA and head straight into tight negotiations or litigation that could bring an amicable resolution for all parties
The FDIC is requesting the “equity interests” release them and 3rd parties of all liabilities, without compensation for said releases. The examiner in his report said this should not be allowed. We are fighting the full force and weight of the Federal Government who is blocking this case from reaching a fair settlement for all classes. If the FDIC were to lose here, it could, should and would have far-reaching repercussions across the entire financial structure and organization of the country. The FDIC overstepped their bounds and seized the structural component of a holding company and their solvent subsidiary and needs to be held to account for their actions.
It is the mission of the United International Equity to support the "Hoffman Legal Team" filings and bring sunlight to the bankruptcy court by way of legal counsel to represent and litigate our strategy. The legalities of this case and the emotional backdrop of the investors (shareholders) has entered a new realm of awareness; we must have patience and let the process play out. We will inform you of future developments when we can. We ask for your patience and commitment to our new way forward and the representation that will follow. Your contributions to the "litigation fund" are appreciated and you will soon see the fruit of our "combined" efforts come to light.
Thank You for your Support
Don Hedlind
United International Equity
www.unitedintlequity.org
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