Replies to post #20213 on Washington Mutual Preferred fka WAMPQ

[Reptile]

Rainbow, here is my post from last September with my thoughts on the quick bankruptcy filing:



Posted by: Reptile Member Level Date: Thursday, September 24, 2009 11:55:21 AM
In reply to: None Post # of 185771

1) Bonderman gets word that WAMU might get seized and brings in Weil on Sept 20th for advice.

2) Weil prepares the Bankruptcy pleadings to possibly file Friday morning (Sept 26th) to prevent the seizure which normally takes place on a Friday after hours.

3) One of Dimons planted moles lets Jamie know what is going on and he might not be able to pull off the theft.

4) Jamie calls Paulson, Bair, etc and tells them to move the seizure up a day to Sept 25th because of Weil's possible Chapter 11 filing.

5) Weil is sitting there with their pleadings, ready to file on Friday morning so the fox's sneak into the hen house Thursday evening and the rest is where we are a year later.

Putting all the pieces of the puzzle together it now seems obvious why the seizure took place on a Thursday, not Friday...how do you spell conspiracy, collusion and fraud...Ah Ha!

[mordicai]

Whether or not wmi prepared the bankruptcy in advance will never be known...it would not be discoverable because of the attorney client privilege.

[SuperChris15]

What is the normal time frame for this sort of thing? I would think that even if you do not have it prepared it is the sort of thing you do whatever you have to to get it done ASAP.