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SlyOne

03/09/11 8:57 PM

#280318 RE: ilenes #280311

Thanks, For Helping pcode out ystr and today.

Reading Peg article, it sounds like she used his objection words by word.

Creditors Question Washington Mutual Revised Chapter 11 Plan
By Peg Brickley
Of DOW JONES DAILY BANKRUPTCY REVIEW


WILMINGTON, Del. (Dow Jones)--Washington Mutual Inc. (WAMUQ) creditors are
worried the holding company behind the biggest banking flop in U.S. history,
Washington Mutual Bank, is headed for another failure in its renewed effort to
exit bankruptcy.

Washington Mutual's first Chapter 11 blew up in January, when Judge Mary
Walrath found it was too generous in conferring lawsuit immunity on some of
those involved in cleaning up after the loss of WaMu, which was seized by
regulators.

WaMu's former parent is due back in the U.S. Bankruptcy Court in Wilmington,
Del., on March 21 for the preliminary round of its second shot at winning
approval for a modified version of the Chapter 11 plan, which promises a $7
billion-plus payday for creditors.

Shareholders say Washington Mutual "largely ignored the most glaring
deficiencies" in its revised plan, tweaking numbers without really fixing the
errors identified by the court.