Dear Mrs. Deaton,
first of all I would like to thank you for the detailed answers - but as it always happens in life: When you get answers to questions, new questions arise immediately. But before I come to my new questions, I would like to write something about two points:
1) Washington Mutual Case / Seizure of the WMB/Subs
Please understand that not only I do not agree with the official FDIC position on confiscation. If a liquid bank (money was on its way, liquidity always confirmed by OTS) as a subsidiary of a liquid holding company, for which at the time of seizure, instead of the 1.7 billion shares issued, there were suddenly 2.8 billion shares on the market (and this was considered a registration error by a certain lawyer), is seized and then sold for a price of 1.888 billion USD (more the price for processing than the total selling price, coupled with the corresponding black humor : 1888 million = year of foundation of the WMB 1889 minus 1 million, WAMU also being founded on 25th September) - who should this help? The shareholders of WAMU? The state? For me this action was (hastily) carried out solely because the recipient of the WMB was to be saved. There were several interested parties, but only JPM had well over ½ year to determine the values of the WMB (Project West), while the other interested parties had asked for time to examine the values.
In Germany they say "Das ist nicht dein Bier", "That’s not your beer" which means "Thats not your business", I know that this applies to me, but I guess you are glad that this applies to you as well.
Time will tell - Or as they say: It ain't over till the fat lady sings
You write that I should be happy to contact a lawyer who can then carry out the appropriate communication with you. I suspect that the certainly not quite correct questions I had asked you (for which I would like to apologize) led you to this advice. My experience with lawyers in Germany has been that I have spent a lot of money but have achieved very little. Finding a good lawyer is not so easy - you can see this in the Washington Mutual CH11:
There was Stephen Susman, who unfortunately passed away too early last month, who was certainly one of the good ones, and there was a lawyer who charged 25 hours for a working day (Stepen Hawking would certainly not have been surprised about that)
But now to my questions:
1) You write that I should turn to Washington Mutual, Inc. after all Do you have an address and contact person with eMail?
I found the following information about WMB assets on FDIC pages:
Assets acquired by JPMorgan Chase Bank 258,576,810 Reporting date 9/25/2008
Offices acquired 2,213
On the following website of the FDIC (deadline Q1 / 2013) I found the following remark:
Footnote: 2008 excludes Washington Mutual Bank with total assets of $299 billion and zero estimated losses to the DIF - Reporting date Q1/2013
On the following web page there is now the following statement:
Total Assets 307,021,614
Total deposits 188,260,793
Summarized this means: WMB/Sub Assets
Now these numbers differ not insignificantly. Which of them is the right one?
On the other hand, the figures were given with an accuracy of up to 1000 USD.
I found a website that breaks down the WMB deposits according to individual branches
Here, the exact same number of branches as well as the total number of deposits will be displayed, as in the first document mentioned above (Number of Branches) and as the known numbers (Deposits).
I have to assume that the FDIC also has a detailed list of assets available - how else would you get the number 258,576,810 - to the nearest 1000 USD!
In the end, a consolidated balance sheet is also just a list of individual accounting items.
Therefore, I would certainly not be the only one interested in knowing exactly which assets are behind the number 258,576,810 in detail, as this is the only way to control how these differences of about 40 billion are generated.
So my request is: Please provide this list of assets in similar detail as the list of branches and their deposits and give me the corresponding URL.
With kind regards