it said washington mutual was taken into receivership and it did list the 3.1a.....the whole bank, etc. it was very long thats why i wanted to read it later because we were going out to dinner. it was a thursday and by 10pm it was scrubbed and had went to scrivener's error. the reason i pulled it up to begin with was because larry kudlow came over the tv and had a breaking news alert,that washington mutual was going to be taken into receivership soon. but i had read just the week before that the ots said they were well capitalized through 2014. i had also read where gs had setup a side deal between tpg and wamu for i think 4 bil and they had just switched their shares from pref to common. money was there.and jpm and fdic knew it. my opinion jpm was insolvent and needed an injection of cash and then stole everything they could from the holding company too. i think the bod of wamu "allowed" this to take place thats why there wasnt a filing immediately refuting the illegal grab. how better to tie up funding and assets than to make the victim prove what you stole? how much time could be bought with this move? and possibly jpm thought they could make enough money to get out of the hole when judgement day came. paulson. in his book said the takedown of wamu was a mistake. a big mistake that he should pay for because he ordered the takedown to save his beloved gs. gs shorted the hell out of wamu to make it seem to fail and gs made major money on the shorting and at that time gs was at 42.00 and not a month later was 132.00 i believe. they were insolvent like jpm and in fact charles gasparino said gs hit the fed window 100 times in 2 years for loans. that not the sign of a solvent bank at all. wamu and the holding company effectively propped up the u.s. economy at the onset of the 2008 generated economic crisis by the fed. they were taking solvent u.s banks and marrying them to insolvent fed reserve banks because the runs could be covered for a little while because the fdic was broke and only cared about their bottom line. washington mutual is never mentioned as the biggest bank failure are they? its always lehman. and jpm is scapegoating lehman now to take the peoples eye off of the wamu shareholder standoff in court. jpm will always be the victim in these cases because the congressional penions are held within jpm and will be taken care of. thats why i feel judge walrath is doing a dual disclosure right now. one for the public and the real one under seal. evals will never be publicly shown but we will get our settlement. the por vote was not only about the votes but much more about the releases. the shareholders know the truth and BR knows we know the truth. and i feel they are all about the "coa" motion before the settlement.because bod,fdic,and jpm and their attorneys have to be sure they are not held accountable before settlement ever happens. that is where susman has them. i have a feeling susman has the 3.1a but he's playing it close to the vest. his style is purely shock and awe. and when this little tidbit is exposed settlement will happen so fast it will make your head spin. and judge walrath is a very thorough judge. she is letting the opposition hang themselves. and i love all of the overruled things shes doing so she can hear the real truth from nelson. i feel we are in very good hands. i feel they will continue to amend the por so walrath will never have to rule. because if she rules then precedent is set for future litigation namely lehman brothers case coming up in 2012. they do not want case law on this case. so after wamu and lehman are "handled" then the frank-dodd act can then give fdic the "cover" to continue their raid on the american banking industry and possibly spread to american corporations and their "deemeda systemic risk guise." shareholders will have no recourse in bk at all when this happensjmo sf.
