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uzualsuzpect

01/25/10 8:02 PM

#141195 RE: JohnnyWinter #141187

I SAID SHOW PROOF JANE! Show me evidence of prior cases! ds
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thepennyguy

01/25/10 8:08 PM

#141196 RE: JohnnyWinter #141187

all these motions miss the actual point. The equity isn't based on tax refunds, 4B, and such!
wamu was purchased for 1.9B are you kidding me?

that is the entire argument, equity will exsist, otherwise why try so hard to disban an EC. the judge would obviously understand no equity is available and wouldn't have approved or heard the US trustee in the first place. Just as it's intervention was denied twice in the past....we never saw any such motions in those 2 past EC requests..... I wonder why?

Beleive what you will. I'm invested win or lose!
stay strong longs, stay strong!
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uzualsuzpect

01/25/10 8:15 PM

#141197 RE: JohnnyWinter #141187

Who has more pull ?

http://www.justice.gov/ust/

Got Parlay?
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MasterBlastr

01/25/10 8:17 PM

#141198 RE: JohnnyWinter #141187

Yeah right, that was a snippet taken out of context, but do you really believe it ? I don't. I doubt Walrath or the U.S. Trustee believe it either.
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uzualsuzpect

01/25/10 8:20 PM

#141199 RE: JohnnyWinter #141187

The 'Lectric Law Library's Lexicon On
* Exigent Circumstances *

EXIGENT CIRCUMSTANCES - Emergency conditions. 'Those circumstances that would cause a reasonable person to believe that entry (or other relevant prompt action) was necessary to prevent physical harm to the officers or other persons, the destruction of relevant evidence, the escape of a suspect, or some other consequence improperly frustrating legitimate law enforcement efforts.' United States v. McConney, 728 F.2d 1195, 1199 (9th Cir.), cert. denied, 469 U.S. 824 (1984).

Exigent circumstances may excuse failure to make an announcement or to wait for the occupant to refuse entry. United States v. Mendonsa, 989 F. 2d 366, 370 (9th Cir. 1993). The existence of exigent circumstances is a mixed question of fact and law reviewed de novo. Id.

A search is reasonable, and a search warrant is not required, if all of the circumstances known to the officer at the time, would cause a reasonable person to believe that entry or search was necessary to prevent physical harm to the officer or other persons/the destruction or concealment of evidence/the escape of a suspect, and if there was insufficient time to get a search warrant.

The federal 'knock and announce' statute, 18 U.S.C. S 3109. Section 3109 requires 'police officers [to] knock, announce and be refused entry before they break into a residence. Exigent circumstances excuse noncompliance.' United States v. Turner, 926 F.2d 883, 886 (9th Cir.), cert. denied, 502 U.S. 830 (1991). Specifically, the court found that immediate entry was necessary 'for [the officers'] protection and the protection of others inside as well as to prevent the destruction of any drugs in defendant's possession or in the home.'

A simultaneous, no-refusal entry is permissible if at least 'mild exigent circumstances' were present. See United States v. McConney, 728 F.2d 1195, 1206 (9th Cir.) (en banc) (mild exigency is sufficient to justify simultaneous knock/announce and entry if entry does not require physical destruction of property), cert. denied, 469 U.S. 824 (1984); United States v. Whitney, 633 F.2d 902, 909 (9th Cir.'80) ('only a mild indication of exigency is required to excuse noncompliance with the `refusal of admittance' requirement of section 3109'), cert. denied, 450 U.S. 1004 (1981).

When police have a reasonable and sincere fear that someone is in jeopardy and contraband might be destroyed, this usually constitutes sufficient exigency to justify a simultaneous, no-refusal entry. See McConney, 728 F.2d at 1206; Whitney, 633 F.2d at 909-10.

Exigencies created by the government cannot be the basis for excusing compliance with the warrant requirement. See, e.g., United States v. Hackett, 638 F.2d 1179, 1183-85 (9th Cir.'80), cert. denied, 450 U.S. 1001 (1981); United States v. Curran, 498 F.2d 30, 34 (9th Cir.'74). The rule has been applied only in cases where exigencies arose 'because of unreasonable and deliberate [conduct] by officers,' in which the officers ' consciously established the condition which the government now points to as an exigent circumstance.' See, e.g., Curran, 498 F.2d at 34 (emphasis added); Hackett, 638 F.2d at 1183; United States v. Calhoun, 542 F.2d 1094, 1102-03 (9th Cir.'76), cert. denied, 429 U.S. 1064 (1977). an honest miscommunication is not a case where the government purposely tried to circumvent the requirements of section 3109. Cf. Hackett, 638 F.2d at 1184-85; Curran, 498 F.2d at 33-34.





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dale45

01/25/10 8:21 PM

#141201 RE: JohnnyWinter #141187

Johny get used to the fact the Ec is here to stay. The department of justice knows whats going on here and alot of heads are going to role and the FDIC and JPM will pay big time for what they did.
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uzualsuzpect

01/25/10 8:26 PM

#141203 RE: JohnnyWinter #141187

please provide facts of EC disbanding in cases such as this.

Gracias




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Zardiw

01/25/10 8:28 PM

#141204 RE: JohnnyWinter #141187

1. Those claims are not written in stone.

2. It's a matter of opinion as to both the liabilities, and assets of WMI.

3. It's a matter of litigation as to the recovery from JPM/FDIC.

4. Without an EC, there is only motivation to settle debts....NOT to gain maximum value for the estate. If there was no EC, why would they settle for any more than is minimally required to settle liabilities?

In short it is a very complicated case.....and that's why an EC cannot be argued out of court at this time. Too much is unresolved and up for grabs.....And that's why Walrath will not disband it......z
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livefree_ordie

01/25/10 8:37 PM

#141210 RE: JohnnyWinter #141187

The Judge should rule that if the case shows and a settlement is finally reached that allow for a payment beyond the $1.9 billion paid by JPM for WAMU then the EC committee will be heard on the matter and be in play. If the award is less than the $1.9 billion then the EC and equity holders will receive nothing.
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seth06

01/25/10 8:50 PM

#141216 RE: JohnnyWinter #141187

wouldn't that directly contradict the fact that they said that the preferreds might see something? I'm really confused now...
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PutYourWatchOn

01/25/10 8:58 PM

#141219 RE: JohnnyWinter #141187

Sorry Johnny. UST formed it, so they can't be disbanded. I'm gonna hang on to my shares. But thanks for your continuing concern and looking out for us.
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Zardiw

01/25/10 10:02 PM

#141241 RE: JohnnyWinter #141187

Delete - to wrong person.....et z


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JimsZ

01/25/10 10:14 PM

#141246 RE: JohnnyWinter #141187

Now tell me this Johnny... Why would the "debtors" want the EC dissolved so badly? Even with the tax refunds, the $4.4 billion, and the current assets the debtors are covered IN FULL plus some. Why not let things play out where they can?

There is no way the EC attorneys can cause $5+ billion worth of damage to the assets listed. It would take at least $5 billion to cause any losses to creditors at a minimum so why are the debtors so against this? Does Weil & Co have pals that bought WMI bonds and want it all themselves? Is there an inside conspiracy now that certain parties will be "taken care of" like FDIC tried to take care of Citi by giving them WF?


It sure smells like SMOKE and where there is smoke there is FIRE
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dannoninvest

01/26/10 12:04 AM

#141282 RE: JohnnyWinter #141187

People that are unaware of whats going on, state hopes/delusions and not the facts... Jamie Dimon himself stated that JPM has made far more money off of wamu than what they paid for them. Jamie said that the shareholders and the junior bondholders are the ones that should eat the companies losses. Wamu was seized on a Thursday and not a Friday. Wamu was in far better shape financially than Jpm in deposits, cash on hand and also had less debt than Jpm. Jpm was the one that received the TARP welfare fund for banks. JPM colluded with the Fdic prior to the seizure to misinform the public. Jpm forfeited tens of millions of dollars and paid a multmillion dollar fine last year for doing such a great job in banking that was prior to Jamie. Jamie is a criminal and should be treated accordingly and that these crimes are in no way misdemeanors. Jamie was responsible for numerous sharehlders deaths because of his greed and selfishness. There are tens of millions of shares of wamu that are nss and that the most likely culprit is JPM. The equity committee was formed by the UST and not the shareholders. All the legal fees incurred wil be paid by the one that loses in court. People can count on damages being awarded just in this cour case. If wamu wins this, numerous other lawsuits will be filed again the culprits that will be tens of billions dollars more. The senate subcommittee is investigating this to see if laws will have to be changed to keep this crap from ever happening again. Keep up the great work.