Nachts Geldverdienen
WaMu geht doch noch hoch!
WaMu geht doch noch hoch!
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das ist ja mal ne nummer...
ich bin aus guten grund nicht mehr so aktiv, da meine hochzeit und ein seit fast 4 monaten andauernder neuer job mich auf trab halten...
hier entwickelt sich alles nach plan, außer, dass ich als wir unter 3 standen nicht die kochones hatte nochmal nachzulegen, ansosnten schau ich der nummer sowas von entspannt entgegen...für mich gibt es seit letzten jahr nach dem examiner bericht nur noch hopp oder topp...
die situation gestaltet sich doch so:
it scheint sehr wahrscheinlich gewesen zu sein...auch wenn mw von einigen am liebsten gesteinigt werden würde, mal ganz im ernst, was soll sie machen und wenn sie im sinne der shareholder urteilt, würde das genauso zu einer revi führen, also meiner meinung nach geht es hier nur um gibs du mir geb ich dir und wenn alles passt, dann heißt es we sealed the deal...leute, vor allem wahre klonks, haltet die dinger gut fest ich rechne für nächste woche mit wilden ausschlägen, die glaskugel ruft, aber irgendwie hab ich es im urin...
ach ja ich übrigens in den letzten beiden tagen post bekommen und zwar die docks no: 7480 und 8100 und das testimony von j maxwell & d. anderson und nen fetten ausdruck der objections...
greetz an meine helden des threads...
lg alexfra die 1.
ich bin aus guten grund nicht mehr so aktiv, da meine hochzeit und ein seit fast 4 monaten andauernder neuer job mich auf trab halten...
hier entwickelt sich alles nach plan, außer, dass ich als wir unter 3 standen nicht die kochones hatte nochmal nachzulegen, ansosnten schau ich der nummer sowas von entspannt entgegen...für mich gibt es seit letzten jahr nach dem examiner bericht nur noch hopp oder topp...
die situation gestaltet sich doch so:
it scheint sehr wahrscheinlich gewesen zu sein...auch wenn mw von einigen am liebsten gesteinigt werden würde, mal ganz im ernst, was soll sie machen und wenn sie im sinne der shareholder urteilt, würde das genauso zu einer revi führen, also meiner meinung nach geht es hier nur um gibs du mir geb ich dir und wenn alles passt, dann heißt es we sealed the deal...leute, vor allem wahre klonks, haltet die dinger gut fest ich rechne für nächste woche mit wilden ausschlägen, die glaskugel ruft, aber irgendwie hab ich es im urin...
ach ja ich übrigens in den letzten beiden tagen post bekommen und zwar die docks no: 7480 und 8100 und das testimony von j maxwell & d. anderson und nen fetten ausdruck der objections...
greetz an meine helden des threads...
lg alexfra die 1.
Law360, Wilmington (July 21, 2011) -- Washington Mutual Inc. shareholders on Thursday tried to tie the bank holding company to insider trading allegations against four hedge funds that helped forge its reorganization plan, capping off the shareholders’ evidence opposing the plan.
With the evidentiary record now closed in WaMu’s plan confirmation hearing, the parties will file written submissions by Aug. 3 to guide U.S. Bankruptcy Judge Mary F. Walrath’s decision, with closing arguments to come later in that month.
WaMu Chief Restructuring Officer William Kosturos of Alvarez & Marsal took the stand
www.law360.com/bankruptcy/articles/259701/...gainst-ch-11-plan
With the evidentiary record now closed in WaMu’s plan confirmation hearing, the parties will file written submissions by Aug. 3 to guide U.S. Bankruptcy Judge Mary F. Walrath’s decision, with closing arguments to come later in that month.
WaMu Chief Restructuring Officer William Kosturos of Alvarez & Marsal took the stand
www.law360.com/bankruptcy/articles/259701/...gainst-ch-11-plan
WILMINGTON, Del. Testimony on bank holding company Washington Mutual Inc.'s reorganization plan in bankruptcy court in Delaware ended Thursday.
Final written arguments and closing oral arguments are expected in August.
Washington Mutual filed for bankruptcy protection in 2008 after the government seized its Seattle-based flagship bank and sold its assets to JPMorgan Chase for $1.9 billion in the largest bank failure in U.S. history.
The company's reorganization plan is based on the settlement of lawsuits pitting Washington Mutual, the Federal Deposit Insurance Corp. and JPMorgan against one another.
Shareholders opposed to the plan have suggested that hedge funds that supported it used inside information from bankruptcy talks to trade improperly in Washington Mutual securities.
www.charlotteobserver.com/2011/07/21/...u-bankruptcy-plan.html
Final written arguments and closing oral arguments are expected in August.
Washington Mutual filed for bankruptcy protection in 2008 after the government seized its Seattle-based flagship bank and sold its assets to JPMorgan Chase for $1.9 billion in the largest bank failure in U.S. history.
The company's reorganization plan is based on the settlement of lawsuits pitting Washington Mutual, the Federal Deposit Insurance Corp. and JPMorgan against one another.
Shareholders opposed to the plan have suggested that hedge funds that supported it used inside information from bankruptcy talks to trade improperly in Washington Mutual securities.
www.charlotteobserver.com/2011/07/21/...u-bankruptcy-plan.html
In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim field in April 2009, Claimant Chase Investment Services (formerly WaMu Investments, Inc.) asserted
•violation of the Washington Trade Secrets Act;
•violation of Computer Fraud and Abuse Act;
•breach of contract;
•breach of fiduciary duty; and
•unfair competition.
Those allegations arose in connection with Respondents’ termination from employment and subsequent contacts with Claimant’s customers. After the filing of the Statement of Claim and subsequent merger, Claimant amended the caption of the matter to Chase Investment Services fka WaMu Investments, Inc.
weiter unter
blogs.forbes.com/billsinger/2011/07/21/...inst-former-brokers/
•violation of the Washington Trade Secrets Act;
•violation of Computer Fraud and Abuse Act;
•breach of contract;
•breach of fiduciary duty; and
•unfair competition.
Those allegations arose in connection with Respondents’ termination from employment and subsequent contacts with Claimant’s customers. After the filing of the Statement of Claim and subsequent merger, Claimant amended the caption of the matter to Chase Investment Services fka WaMu Investments, Inc.
weiter unter
blogs.forbes.com/billsinger/2011/07/21/...inst-former-brokers/
Aurelius, Owl Creek Deny Insider-Trading Allegations
Representatives of two of the four hedge funds accused of insider-trading in the Washington Mutual bankruptcy case have denied any wrongdoing on the stand.
Aurelius Capital Management's Daniel Gropper and Owl Creek Asset Management's Daniel Krueger testified that neither they nor fellow hedge funds Appaloosa Management or Centerbridge Partners trader WaMu securites based on confidential information learned during the crafting of the former bank's restructuring plan. The two men took the stand in Wilmington, Del., federal bankruptcy court as part of a hearing to determine whether WaMu's latest bankruptcy exit plan will be approved.
WaMu's shareholders want that plan rejected—again—and have sought to show that the four hedge funds used confidential information learned during the planning process. The four hedge funds refused last year to renew their support for the plan after it expired.
Owl Creek's Krueger admitted that his firm and the others were part of a meeting in March 2009 that hopes to come up with a plan to end the lawsuits involving WaMu, which was seized by federal regulators and sold to JPMorgan Chase in 2008, but denied that their participation in the talks was material, non-public information.
Earlier, Aurelius' Gropper discussed the great lengths his firm went to to prevent insider-trading after it became part of the bankruptcy plan. He testified that the hedge fund spend $150,000 to soundproof an office and hired a separate legal team to prevent its traders from eavesdropping or otherwise learning about the WaMu talks.
The shareholders group wasn't moved, with their lawyer, Parker Folse, hammering away at Gropper's claims that the scope of the settlement talks was material and non-public. Folse also accused Aurelius of using its law firm, Fried Frank Harris Shriver & Jacobson, which was working on the WaMu settlement, to learn confidential details about that process.
"This doesn't work on a wink and a nod," Gropper testified. "What you are suggesting would not be appropriate."
"You're either involved in the negotiations and restricted, or you're not," Gropper said. But he admitted that Aurelius had traded WaMu securities upon the expiration of its confidentiality agreement. Gropper claimed those trades were not made on confidential information.
"We knew, and the market knew in general… that there were ongoing negotiations," Gropper said. "We did not participate in those negotiations, and we did not know the substance of those negotiations."
www.finalternatives.com/node/17481
Representatives of two of the four hedge funds accused of insider-trading in the Washington Mutual bankruptcy case have denied any wrongdoing on the stand.
Aurelius Capital Management's Daniel Gropper and Owl Creek Asset Management's Daniel Krueger testified that neither they nor fellow hedge funds Appaloosa Management or Centerbridge Partners trader WaMu securites based on confidential information learned during the crafting of the former bank's restructuring plan. The two men took the stand in Wilmington, Del., federal bankruptcy court as part of a hearing to determine whether WaMu's latest bankruptcy exit plan will be approved.
WaMu's shareholders want that plan rejected—again—and have sought to show that the four hedge funds used confidential information learned during the planning process. The four hedge funds refused last year to renew their support for the plan after it expired.
Owl Creek's Krueger admitted that his firm and the others were part of a meeting in March 2009 that hopes to come up with a plan to end the lawsuits involving WaMu, which was seized by federal regulators and sold to JPMorgan Chase in 2008, but denied that their participation in the talks was material, non-public information.
Earlier, Aurelius' Gropper discussed the great lengths his firm went to to prevent insider-trading after it became part of the bankruptcy plan. He testified that the hedge fund spend $150,000 to soundproof an office and hired a separate legal team to prevent its traders from eavesdropping or otherwise learning about the WaMu talks.
The shareholders group wasn't moved, with their lawyer, Parker Folse, hammering away at Gropper's claims that the scope of the settlement talks was material and non-public. Folse also accused Aurelius of using its law firm, Fried Frank Harris Shriver & Jacobson, which was working on the WaMu settlement, to learn confidential details about that process.
"This doesn't work on a wink and a nod," Gropper testified. "What you are suggesting would not be appropriate."
"You're either involved in the negotiations and restricted, or you're not," Gropper said. But he admitted that Aurelius had traded WaMu securities upon the expiration of its confidentiality agreement. Gropper claimed those trades were not made on confidential information.
"We knew, and the market knew in general… that there were ongoing negotiations," Gropper said. "We did not participate in those negotiations, and we did not know the substance of those negotiations."
www.finalternatives.com/node/17481
Certificate of No Objection Regarding Fifteenth Monthly Application of Ashby & Geddes, P.A., as Delaware Counsel to the Official Committee of Equity Security Holders of Washington Mutual, Inc. et al., for Allowance of Compensation for Services Rendered and Reimbursement of Expenses Incurred for the Period of May 1, 2011 Through May 31, 2011
www.kccllc.net/documents/0812229/0812229110721000000000010.pdf
Reservation of Rights of the FDIC-Receiver in Response to Equity Committee Motion for Authority to Commence and Prosecute Claims
www.kccllc.net/documents/0812229/0812229110721000000000011.pdf
Declaration of Service of John H. Schanne, II re: Amended Notice of Eighth Quarterly Fee Application Request of FTI Consulting, Inc.
www.kccllc.net/documents/0812229/0812229110721000000000012.pdf
www.kccllc.net/documents/0812229/0812229110721000000000010.pdf
Reservation of Rights of the FDIC-Receiver in Response to Equity Committee Motion for Authority to Commence and Prosecute Claims
www.kccllc.net/documents/0812229/0812229110721000000000011.pdf
Declaration of Service of John H. Schanne, II re: Amended Notice of Eighth Quarterly Fee Application Request of FTI Consulting, Inc.
www.kccllc.net/documents/0812229/0812229110721000000000012.pdf
trade-list vom 12.03.2010 als IT-Beweiskraft? Hab da mal kurz drüber nachgedacht, nee Leute. Die nutzen GAR NIX.
Selbst wenn die HFs wenige Minuten vor Rosens Mitteilung an die Öffentlichkeit shares verkauft haben, lässt sich NICHT beweisen, dass dies auf Grund von Insiderinf. getan wurde. Nämlich, es gab vorher einen signifikanten Kursanstieg, der als Grundlage der Verkaufsentscheidung vor Gericht glaubwürdig darstellbar ist.
Irgendwann tauchte die Aussage auf, dass Rosen kurz vorher telefoniert hat.
NUR im Zusammenhang mit diesem Telefonat wäre der 12.03. als Vorwurf für IT vor Gericht relevant. Ich halte es aber für sehr unwahrscheinlich, dass Rosen seine Verbindungsübersicht offenlegen muss.
Wenn es allerdings gelingt, die Verbindungsnachweise der HF-Manager vom 12.03. zu erlangen, wäre das ein seeeehr eleganter Brückenschlag, um Rosen von hinten zu kriegen ;-)
*KA*
Selbst wenn die HFs wenige Minuten vor Rosens Mitteilung an die Öffentlichkeit shares verkauft haben, lässt sich NICHT beweisen, dass dies auf Grund von Insiderinf. getan wurde. Nämlich, es gab vorher einen signifikanten Kursanstieg, der als Grundlage der Verkaufsentscheidung vor Gericht glaubwürdig darstellbar ist.
Irgendwann tauchte die Aussage auf, dass Rosen kurz vorher telefoniert hat.
NUR im Zusammenhang mit diesem Telefonat wäre der 12.03. als Vorwurf für IT vor Gericht relevant. Ich halte es aber für sehr unwahrscheinlich, dass Rosen seine Verbindungsübersicht offenlegen muss.
Wenn es allerdings gelingt, die Verbindungsnachweise der HF-Manager vom 12.03. zu erlangen, wäre das ein seeeehr eleganter Brückenschlag, um Rosen von hinten zu kriegen ;-)
*KA*
It has now come on record that JPM was ready from January 2009 itself to return 4 billion deposit to debtors. I can't understand how and why Rosen kept it hidden from the court,and also never asked the court to grant it to debtors, and thus forced her to give her opinion which is completely opposite to this fact that all along JPM was ready to return this deposit while this fact was well known to the hedgies. Some one needs to look into this lies told by Rosen to the court..
messages.finance.yahoo.com/...06047&tof=4&frt=2#806047
Tja, die 4 Milliarden waren schon Januar 2009 vorhanden wie man hört/sieht.
Also, warum macht Rosen sowas.....
Bestimmt nicht wegen Geld, oder ???
Odin
messages.finance.yahoo.com/...06047&tof=4&frt=2#806047
Tja, die 4 Milliarden waren schon Januar 2009 vorhanden wie man hört/sieht.
Also, warum macht Rosen sowas.....
Bestimmt nicht wegen Geld, oder ???
Odin
zitat user airfly...
"Herlich...Nachts Geldverdienen
WaMu geht doch noch hoch! .."
was der wohl nimmt ?
vorsicht, nicht zuviel von den "zeugs" nehmen....
nebenwirkungen sind halluzinationen, bzw. realitätsverlust
nur meine meinung
winner
"Herlich...Nachts Geldverdienen
WaMu geht doch noch hoch! .."
was der wohl nimmt ?
vorsicht, nicht zuviel von den "zeugs" nehmen....
nebenwirkungen sind halluzinationen, bzw. realitätsverlust
nur meine meinung
winner
sogar nachts um uns sorgen,lol.
Wahrscheinlich können sie nicht einschlafen bevor sie eine gute Tat vollbracht haben.
Wahrscheinlich können sie nicht einschlafen bevor sie eine gute Tat vollbracht haben.
investorshub.advfn.com/boards/read_msg.aspx?message_id=65448952
ZItat xoom:
Interesting..... why did the EC allocate only about 45 mins to an hour for questioning K today ?
Based on our expectations yesterday, this was going to be a gruelling session.. but it was MUCH MUCH lighter than we had anticipated...
Doesn't make any sense.... why would the EC squander such an oppurtunity to question K ?
Zitatende
MfG.L:)
ZItat xoom:
Interesting..... why did the EC allocate only about 45 mins to an hour for questioning K today ?
Based on our expectations yesterday, this was going to be a gruelling session.. but it was MUCH MUCH lighter than we had anticipated...
Doesn't make any sense.... why would the EC squander such an oppurtunity to question K ?
Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!
All das was gestern beim Hearing und danach geschehen ist, ist nur 8Cent Wert. nicht mehr und nicht weniger! Unsere Wamu ist unter Berücksichtigung ALLER Faktoren nur 8 Cent Wert!!
messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=4&frt=2
Zitat johnnyiwan...:
Holy "F" The Gun has been Found PSI Started To Read it I would advise the Same
Start at Footnote 300
hsgac.senate.gov/public/_files/Financial_Crisis/FN107-1342.pdf
NO Wonder They Wanted it Its In the Foot Notes
9/20/08 Gail Patelunas, FDIC, informs Scott Polakoff that the'FDIC is sending two DRR examiners to WMB.
SDaily Liquidity report provided to WR and DC senior management.
9/22/08 Daily Liquidity report provided to WR and DC senior management.
Fact Sheet 1 - Supervisory Timeline Page 36 of 38
SMG 8113
Franklin Benjamin-0003575 6_036
Footnote Exhibits - Page 0299
WaMu Timeline
Darrel Dochow asked FDIC to coordinate DRR efforts through onsite OTS examiners.
Peter Frielinger, Treasury Manager and Robert Williams, Treasurer, met with both the FRB and the
FHLB SF.
In implementing a $1.5 billion daylight overdraft limit for WMB, the FRB incorrectly posted the $2 B
discount window repayment against the collected balance, not the ledger balance. And since PSR
(Payments System Risk) balance monitoring uses the Collected Balance not the ledger balance, this
caused all of the morning's wires to get sent to a rejection cue. Apparently some counterparties were
aware of the rejections. The error has been fixed and the wire cue has been cleared out, and all of this
morning's wires have been sent out.
FDIC DRR examiners Ken Parker and Eric Piscini along with OTS IT Manager Sandy Chan met with
CIO Deb Horvath to discuss access to WMiB systems.
Management reported a slowing of customer traffic in branches and a slowing of outflows to more
normal levels.
Net FRB collateral determined to be $7.4 billion.
WMB projected ending available liquidity to be $28.0 billion; however, they estimated $9.4 in FRB
availability or $2.0 billion more that estimated by the FRB. FDIC projected $20.8 billion in liquidity
because they reduced the amount ($8.5 billion) reportedly available from FHLB-SF to $1.0 billion.
Onsite examiners provided West Region ERC with an update on WMB's deteriorating liquidity
situation.
9/23/08 Daily Liquidity report provided to WR and DC senior management.
FDIC requested that OTS directs the Bank to only borrow short term advances to avoid prepayment
penalties; which we communicated.
WMI ROE Uploaded to OTS System.
WMB Treasury personnel respond that the Bank has potential saleable assets, but none that can be solId
in short order. Assets potentially include loans, CMBS, corporate and municipal bonds, as well as REIT
asset currently in a Special Purpose Entity that could be dissolved under certain Supervisory actions.
Latest FRB projection indicates that WaMu liquidity would reach
Regards,
B
Zitatende
MfG.L:)
Zitat johnnyiwan...:
Holy "F" The Gun has been Found PSI Started To Read it I would advise the Same
Start at Footnote 300
hsgac.senate.gov/public/_files/Financial_Crisis/FN107-1342.pdf
NO Wonder They Wanted it Its In the Foot Notes
9/20/08 Gail Patelunas, FDIC, informs Scott Polakoff that the'FDIC is sending two DRR examiners to WMB.
SDaily Liquidity report provided to WR and DC senior management.
9/22/08 Daily Liquidity report provided to WR and DC senior management.
Fact Sheet 1 - Supervisory Timeline Page 36 of 38
SMG 8113
Franklin Benjamin-0003575 6_036
Footnote Exhibits - Page 0299
WaMu Timeline
Darrel Dochow asked FDIC to coordinate DRR efforts through onsite OTS examiners.
Peter Frielinger, Treasury Manager and Robert Williams, Treasurer, met with both the FRB and the
FHLB SF.
In implementing a $1.5 billion daylight overdraft limit for WMB, the FRB incorrectly posted the $2 B
discount window repayment against the collected balance, not the ledger balance. And since PSR
(Payments System Risk) balance monitoring uses the Collected Balance not the ledger balance, this
caused all of the morning's wires to get sent to a rejection cue. Apparently some counterparties were
aware of the rejections. The error has been fixed and the wire cue has been cleared out, and all of this
morning's wires have been sent out.
FDIC DRR examiners Ken Parker and Eric Piscini along with OTS IT Manager Sandy Chan met with
CIO Deb Horvath to discuss access to WMiB systems.
Management reported a slowing of customer traffic in branches and a slowing of outflows to more
normal levels.
Net FRB collateral determined to be $7.4 billion.
WMB projected ending available liquidity to be $28.0 billion; however, they estimated $9.4 in FRB
availability or $2.0 billion more that estimated by the FRB. FDIC projected $20.8 billion in liquidity
because they reduced the amount ($8.5 billion) reportedly available from FHLB-SF to $1.0 billion.
Onsite examiners provided West Region ERC with an update on WMB's deteriorating liquidity
situation.
9/23/08 Daily Liquidity report provided to WR and DC senior management.
FDIC requested that OTS directs the Bank to only borrow short term advances to avoid prepayment
penalties; which we communicated.
WMI ROE Uploaded to OTS System.
WMB Treasury personnel respond that the Bank has potential saleable assets, but none that can be solId
in short order. Assets potentially include loans, CMBS, corporate and municipal bonds, as well as REIT
asset currently in a Special Purpose Entity that could be dissolved under certain Supervisory actions.
Latest FRB projection indicates that WaMu liquidity would reach
Regards,
B
Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!
messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=4&frt=2
ZItat johnnyiwan...:
8/20/08 OTS examiners provide assessment of FDIC's capital analysis to WR Director.
WMB reports significantly reduction is SFR loan production.
Deposit runoff post IndyMac approximates $9.3 billion
OTS examiners provide assessment of FDIC's capital analysis to WR Director
8/21/08 WMB management provides information on office closures related to Hurricane Fay.
WMB reports minimal exposure to FNMA and FHLMC subsequent to the government takeover of these
entities.
WMB stressed projected earnings by $300 and $500 million per quarter but still indicate compliance
with well capitalized standard through 2010
8/22/08 DC Senior management updates OCC Director on WaMu.
WR Director discussed OTS ratings with WR FDIC management.
8/23/08 Management finally begins the 5 day deposit special that OTS had been strongly encouraging for some
time.
8/26/08 WIB management and OTS and FDIC Examiners discuss most recent earnings projections.
8/27/08 Examiners have updated discussion with management on Loss Model.
Exam team received FDIC's most recent Capital assessment from DC management.
8/28/08 Examiners provide DC and WR management with an update of most recent earnings projections.
OTS Examiners and WR management participate in a conference call with FDIC examiners and FDIC
WR management to discuss FDIC's assessment that Capital is inadequate.
9/3/08 Examiners WR management and FDIC representatives attend Quarterly Treasurer's meeting.
Provided initial assessment of FDIC's capital analysis to DC per S. Polakoff s request
9/5/08 WR FDIC informs WR OTS that they are proceeding with problem bank memo and OTS informs FDIC
that OTS will respond. Also OTS indicates that MOU and Killinger resignation will be announced on
9/8/07.
WMB provides PERK material for 4Q08 exam work.
9/7/08 WMI/WMB MOU signed by directors, Alan Fishman approved as CEO by directors, and Kerry
Killinger resigns as CEO.
WSJ and Seattle Times reports Mr. Killinger's resignation prior to the public announcement on 9/8/08
9/8 /08 OTS Director informs Secretary Paulson, Director John Dugan, Director Sheila Bair, and Fed Govs Don
Kohn and Randy Kroszner that WMB/WMI MOU was effective 9/7/08.
OTS receives the FDIC's final memo recommending a "4" rating for WMB, the region required to
respond in 3 days.
WMB announces Alan Fishman as WMB as CEO.
WMB ROE uploaded to system.
9/9/08 Weekly Liquidity report sent to DC.
9/10/08 During FHLB SF presentation at WR managers meeting, it was discussed whether a blanket lien on
WMB's assets would give FHLB managers more assurance to continue lending to the Bank. They
indicated that it would and in the following week, this was accomplished.
WVMI contributes $500M to.WMB increasing pro forma capital ratios to 7.55 percent leverage and 13.19
9/24/08 Daily Liquidity report provided to WR and DC senior management.
FDIC reports to OTS that while deposit outflows are declining they are not stabilized and that FHLB-SF
is "day to day" with respect to future advances.
S&P Lowers Washington Mutual Inc's ratings to "B-" from "BB-"; S&P affirms the "BBB-/A-3" rating
on Washington Mutual Bank as the breadth of the deposit franchise, the capital position and loss
reserve coverage remain adequate in light of the high level of mortgage loan asset quality pressures.
WaMu submits a presentation on potential recapitalizations options.
FDIC informs JP Morgan that they had won the bid for WaMu
9/25/08 Daily Liquidity report provided to WR and DC senior management. Available liquidity projected at
$13.1 billion (subject to FHLB continuing to fund).
Total deposit outflow (including commercial) from 9/8/08 to 9/24/08 is $18.7 billion.
Net consumer noninterest and small business outflows from 7/14/08 to 9/25/08 total $19 billion.
The FHLB of San Francisco notifies WaMu that it is near its limit on advances. WaMu believed that
they had another $5 billion in capacity.
Fact Sheet 1 - Supervisory Timeline Page 37 of 38
SMG 8/13
Franklin Benjamin-0003 5 7 5 6_037
Footnote Exhibits - Page 0300
WaMu Timeline
Fact Sheet 1 - Supervisory Timeline Page 38 of 38
SMG 8/13
FranklinBenjamin-00035756_038
The FRB of San Francisco moves the bank into the secondary credit category. IFHLB-SF limits WMB advance availability to $500.0 million.
OTS directs WaMu to dissolve the WM preferred Funding REIT.
At FDIC's Request, OTS examiners directed I management to dissolve Preferred Funding REIT (a
special purpose entity), forfeit all rights to the approximately $9.0 in loan collateral, and assign the
collateral loans to WMB for inclusion in the receivership transaction.
WaMu placed into receivership; sold to JP Morgan Chase.
JP Morgan raises $7.0 billion from private investors pursuant to the WaMu purchase.
FDIC asks if OTS found any violations of law in connection with the Appraisal Investigation.
Examiners referred them to West Region Counsel Jim Hendriksen.
9/26/08 JP Morgan raised an additional $3.5 billon in the open market or $2.5 billion more than planned, related
to the WaMu deal. Its stock increased 6.8 percent from 9/24/08 price of $40.50.
FDIC asks if OTS removed the Board Audit and Finance Committee notebooks from the examiner
library and were informed that we had not. It was determined that Regulatory Relations staff had
removed them the evening of 9/25/08. They were returned upon our request
----------------
HOLY REITS
At FDIC's Request, OTS examiners directed I management to dissolve Preferred Funding REIT (a
special purpose entity), forfeit all rights to the approximately $9.0 in loan collateral, and assign the
collateral loans to WMB for inclusion in the receivership transaction
--------------------------------------------------
Zitatende
MfG.L:)
ZItat johnnyiwan...:
8/20/08 OTS examiners provide assessment of FDIC's capital analysis to WR Director.
WMB reports significantly reduction is SFR loan production.
Deposit runoff post IndyMac approximates $9.3 billion
OTS examiners provide assessment of FDIC's capital analysis to WR Director
8/21/08 WMB management provides information on office closures related to Hurricane Fay.
WMB reports minimal exposure to FNMA and FHLMC subsequent to the government takeover of these
entities.
WMB stressed projected earnings by $300 and $500 million per quarter but still indicate compliance
with well capitalized standard through 2010
8/22/08 DC Senior management updates OCC Director on WaMu.
WR Director discussed OTS ratings with WR FDIC management.
8/23/08 Management finally begins the 5 day deposit special that OTS had been strongly encouraging for some
time.
8/26/08 WIB management and OTS and FDIC Examiners discuss most recent earnings projections.
8/27/08 Examiners have updated discussion with management on Loss Model.
Exam team received FDIC's most recent Capital assessment from DC management.
8/28/08 Examiners provide DC and WR management with an update of most recent earnings projections.
OTS Examiners and WR management participate in a conference call with FDIC examiners and FDIC
WR management to discuss FDIC's assessment that Capital is inadequate.
9/3/08 Examiners WR management and FDIC representatives attend Quarterly Treasurer's meeting.
Provided initial assessment of FDIC's capital analysis to DC per S. Polakoff s request
9/5/08 WR FDIC informs WR OTS that they are proceeding with problem bank memo and OTS informs FDIC
that OTS will respond. Also OTS indicates that MOU and Killinger resignation will be announced on
9/8/07.
WMB provides PERK material for 4Q08 exam work.
9/7/08 WMI/WMB MOU signed by directors, Alan Fishman approved as CEO by directors, and Kerry
Killinger resigns as CEO.
WSJ and Seattle Times reports Mr. Killinger's resignation prior to the public announcement on 9/8/08
9/8 /08 OTS Director informs Secretary Paulson, Director John Dugan, Director Sheila Bair, and Fed Govs Don
Kohn and Randy Kroszner that WMB/WMI MOU was effective 9/7/08.
OTS receives the FDIC's final memo recommending a "4" rating for WMB, the region required to
respond in 3 days.
WMB announces Alan Fishman as WMB as CEO.
WMB ROE uploaded to system.
9/9/08 Weekly Liquidity report sent to DC.
9/10/08 During FHLB SF presentation at WR managers meeting, it was discussed whether a blanket lien on
WMB's assets would give FHLB managers more assurance to continue lending to the Bank. They
indicated that it would and in the following week, this was accomplished.
WVMI contributes $500M to.WMB increasing pro forma capital ratios to 7.55 percent leverage and 13.19
9/24/08 Daily Liquidity report provided to WR and DC senior management.
FDIC reports to OTS that while deposit outflows are declining they are not stabilized and that FHLB-SF
is "day to day" with respect to future advances.
S&P Lowers Washington Mutual Inc's ratings to "B-" from "BB-"; S&P affirms the "BBB-/A-3" rating
on Washington Mutual Bank as the breadth of the deposit franchise, the capital position and loss
reserve coverage remain adequate in light of the high level of mortgage loan asset quality pressures.
WaMu submits a presentation on potential recapitalizations options.
FDIC informs JP Morgan that they had won the bid for WaMu
9/25/08 Daily Liquidity report provided to WR and DC senior management. Available liquidity projected at
$13.1 billion (subject to FHLB continuing to fund).
Total deposit outflow (including commercial) from 9/8/08 to 9/24/08 is $18.7 billion.
Net consumer noninterest and small business outflows from 7/14/08 to 9/25/08 total $19 billion.
The FHLB of San Francisco notifies WaMu that it is near its limit on advances. WaMu believed that
they had another $5 billion in capacity.
Fact Sheet 1 - Supervisory Timeline Page 37 of 38
SMG 8/13
Franklin Benjamin-0003 5 7 5 6_037
Footnote Exhibits - Page 0300
WaMu Timeline
Fact Sheet 1 - Supervisory Timeline Page 38 of 38
SMG 8/13
FranklinBenjamin-00035756_038
The FRB of San Francisco moves the bank into the secondary credit category. IFHLB-SF limits WMB advance availability to $500.0 million.
OTS directs WaMu to dissolve the WM preferred Funding REIT.
At FDIC's Request, OTS examiners directed I management to dissolve Preferred Funding REIT (a
special purpose entity), forfeit all rights to the approximately $9.0 in loan collateral, and assign the
collateral loans to WMB for inclusion in the receivership transaction.
WaMu placed into receivership; sold to JP Morgan Chase.
JP Morgan raises $7.0 billion from private investors pursuant to the WaMu purchase.
FDIC asks if OTS found any violations of law in connection with the Appraisal Investigation.
Examiners referred them to West Region Counsel Jim Hendriksen.
9/26/08 JP Morgan raised an additional $3.5 billon in the open market or $2.5 billion more than planned, related
to the WaMu deal. Its stock increased 6.8 percent from 9/24/08 price of $40.50.
FDIC asks if OTS removed the Board Audit and Finance Committee notebooks from the examiner
library and were informed that we had not. It was determined that Regulatory Relations staff had
removed them the evening of 9/25/08. They were returned upon our request
----------------
HOLY REITS
At FDIC's Request, OTS examiners directed I management to dissolve Preferred Funding REIT (a
special purpose entity), forfeit all rights to the approximately $9.0 in loan collateral, and assign the
collateral loans to WMB for inclusion in the receivership transaction
--------------------------------------------------
Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!
messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=4&frt=2
ZItat johnnyiwan...:
9/26/08 JP Morgan raised an additional $3.5 billon in the open market or $2.5 billion more than planned, related
to the WaMu deal. Its stock increased 6.8 percent from 9/24/08 price of $40.50.
FDIC asks if OTS removed the Board Audit and Finance Committee notebooks from the examiner
library and were informed that we had not. It was determined that Regulatory Relations staff had
removed them the evening of 9/25/08. They were returned upon our request
9/18/08 OTS receives a customer complaint regarding WMB not setting up accounts properly to facilitate
insurance of accounts which were discussed with management.
WMB reports high traffic in branches and continuing branch closings and reported available liquidity at
$33.3 billion.
WMB updated DC Management on Liquidity: Funding Plans - the trajectory of deposit outflows looks
like it will be IndyMac ($9.5B) + 70%, or a total outflow $1*6-$17B over three weeks (including what
has already happened). They are borrowing $8.5B from FHLBs over the next two weeks. FHLB SF
now has a blanket lien and has assured WMB that they will not have any additional cuts in capacity.
WMB will also be getting $2B in proceeds from discount note maturities and sales. Repo market is shut
down. Repo collateral is being shifted to SEA FHLB.
* Treasury Manager thinks that liquidity at the end of the quarter will be $13B, or $3B in excess
cash and $1OB in FHLB capacity.
* M&A - Casey, Fishman, and a rep from Goldman gave an update on M&A activity. JP Morgan
is expected to complete due diligence by today or tomorrow. Citi is expected to complete due
diligence tomorrow. Also one other party (missed the name) is looking into acquiring a minority
interest. Goldman thinks a deal could be done by Sunday.
Darrel Dochow asked FDIC to coordinate DRR efforts through onsite OTS examiners.
Peter Frielinger, Treasury Manager and Robert Williams, Treasurer, met with both the FRB and the
FHLB SF.
In implementing a $1.5 billion daylight overdraft limit for WMB, the FRB incorrectly posted the $2 B
discount window repayment against the collected balance, not the ledger balance. And since PSR
(Payments System Risk) balance monitoring uses the Collected Balance not the ledger balance, this
caused all of the morning's wires to get sent to a rejection cue. Apparently some counterparties were
aware of the rejections. The error has been fixed and the wire cue has been cleared out, and all of this
morning's wires have been sent out.
FDIC DRR examiners Ken Parker and Eric Piscini along with OTS IT Manager Sandy Chan met with
CIO Deb Horvath to discuss access to WMiB systems.
Management reported a slowing of customer traffic in branches and a slowing of outflows to more
normal levels.
Net FRB collateral determined to be $7.4 billion.
WMB projected ending available liquidity to be $28.0 billion; however, they estimated $9.4 in FRB
availability or $2.0 billion more that estimated by the FRB. FDIC projected $20.8 billion in liquidity
because they reduced the amount ($8.5 billion) reportedly available from FHLB-SF to $1.0 billion.
R you all getting this Chit No wonder ROSIE WAS PITCHING A B
TPS Lawyer kmew it was in the footnotes. Have read the link. Start at or around three hundred. Look at the value and the data and conversations.....Its all right their. The three bidders for the bank, the Liqidity up to the day of seizure. The Ots on the 25th diresting Management to sell the TPS its all there. No wonder Rosey got out of his seat !
THIS IS FROM THE PSI REPORT IN THE FOOTNOTE EXHIBITS GO TO THE LINK AND START AROUND PAGE 300!
hsgac.senate.gov/public/_files/Financial_Crisis/FN107-1342.pdf
--------------------------------------------------
Zitatende
MfG.L:)
ZItat johnnyiwan...:
9/26/08 JP Morgan raised an additional $3.5 billon in the open market or $2.5 billion more than planned, related
to the WaMu deal. Its stock increased 6.8 percent from 9/24/08 price of $40.50.
FDIC asks if OTS removed the Board Audit and Finance Committee notebooks from the examiner
library and were informed that we had not. It was determined that Regulatory Relations staff had
removed them the evening of 9/25/08. They were returned upon our request
9/18/08 OTS receives a customer complaint regarding WMB not setting up accounts properly to facilitate
insurance of accounts which were discussed with management.
WMB reports high traffic in branches and continuing branch closings and reported available liquidity at
$33.3 billion.
WMB updated DC Management on Liquidity: Funding Plans - the trajectory of deposit outflows looks
like it will be IndyMac ($9.5B) + 70%, or a total outflow $1*6-$17B over three weeks (including what
has already happened). They are borrowing $8.5B from FHLBs over the next two weeks. FHLB SF
now has a blanket lien and has assured WMB that they will not have any additional cuts in capacity.
WMB will also be getting $2B in proceeds from discount note maturities and sales. Repo market is shut
down. Repo collateral is being shifted to SEA FHLB.
* Treasury Manager thinks that liquidity at the end of the quarter will be $13B, or $3B in excess
cash and $1OB in FHLB capacity.
* M&A - Casey, Fishman, and a rep from Goldman gave an update on M&A activity. JP Morgan
is expected to complete due diligence by today or tomorrow. Citi is expected to complete due
diligence tomorrow. Also one other party (missed the name) is looking into acquiring a minority
interest. Goldman thinks a deal could be done by Sunday.
Darrel Dochow asked FDIC to coordinate DRR efforts through onsite OTS examiners.
Peter Frielinger, Treasury Manager and Robert Williams, Treasurer, met with both the FRB and the
FHLB SF.
In implementing a $1.5 billion daylight overdraft limit for WMB, the FRB incorrectly posted the $2 B
discount window repayment against the collected balance, not the ledger balance. And since PSR
(Payments System Risk) balance monitoring uses the Collected Balance not the ledger balance, this
caused all of the morning's wires to get sent to a rejection cue. Apparently some counterparties were
aware of the rejections. The error has been fixed and the wire cue has been cleared out, and all of this
morning's wires have been sent out.
FDIC DRR examiners Ken Parker and Eric Piscini along with OTS IT Manager Sandy Chan met with
CIO Deb Horvath to discuss access to WMiB systems.
Management reported a slowing of customer traffic in branches and a slowing of outflows to more
normal levels.
Net FRB collateral determined to be $7.4 billion.
WMB projected ending available liquidity to be $28.0 billion; however, they estimated $9.4 in FRB
availability or $2.0 billion more that estimated by the FRB. FDIC projected $20.8 billion in liquidity
because they reduced the amount ($8.5 billion) reportedly available from FHLB-SF to $1.0 billion.
R you all getting this Chit No wonder ROSIE WAS PITCHING A B
TPS Lawyer kmew it was in the footnotes. Have read the link. Start at or around three hundred. Look at the value and the data and conversations.....Its all right their. The three bidders for the bank, the Liqidity up to the day of seizure. The Ots on the 25th diresting Management to sell the TPS its all there. No wonder Rosey got out of his seat !
THIS IS FROM THE PSI REPORT IN THE FOOTNOTE EXHIBITS GO TO THE LINK AND START AROUND PAGE 300!
hsgac.senate.gov/public/_files/Financial_Crisis/FN107-1342.pdf
--------------------------------------------------
Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!
messages.finance.yahoo.com/Stocks_(A_to_Z)/...;frt=2&off=1
Zitat johnnyiwan...:
I LOVE THIS
At FDIC's Request, OTS examiners directed I management to dissolve Preferred Funding REIT (a
special purpose entity), forfeit all rights to the approximately $9.0 in loan collateral, and assign the
collateral loans to WMB for inclusion in the receivership transaction
----
THIS ONE IS VERY GOOD 9/25/2008
JP Morgan raises $7.0 billion from private investors pursuant to the WaMu purchase.
---
COLLUSION COVER UP GET THE BOOKS OUR TONIGHT
FDIC asks if OTS removed the Board Audit and Finance Committee notebooks from the examiner
library and were informed that we had not. It was determined that Regulatory Relations staff had
removed them the evening of 9/25/08. They were returned upon our request.
--------------------------------------------------
Zitatende
MfG.L:)
Zitat johnnyiwan...:
I LOVE THIS
At FDIC's Request, OTS examiners directed I management to dissolve Preferred Funding REIT (a
special purpose entity), forfeit all rights to the approximately $9.0 in loan collateral, and assign the
collateral loans to WMB for inclusion in the receivership transaction
----
THIS ONE IS VERY GOOD 9/25/2008
JP Morgan raises $7.0 billion from private investors pursuant to the WaMu purchase.
---
COLLUSION COVER UP GET THE BOOKS OUR TONIGHT
FDIC asks if OTS removed the Board Audit and Finance Committee notebooks from the examiner
library and were informed that we had not. It was determined that Regulatory Relations staff had
removed them the evening of 9/25/08. They were returned upon our request.
--------------------------------------------------
Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!
das wird hier keiner l wissen. Das ganze Kasperle Theater muss doch mal irgendwann zu Ende sein.Wann kommt mal Suzman in den Gerichtssaal?, von dem ist nichts mehr zu hören.Die gestrige Verhandlung hat doch wieder gezeigt das alle an Alzheimer oder Amnesie leiden.Das ist natürlich das einzig Ware was ein Betrüger von sich geben kann .Ich kann mich nicht mehr erinnern.Damit ist doch schon bewiesen,dass alles zum Himmel stinkt.Meine Aufforderung an Mary:Gib den Fall endlich an ein ordentliches Gericht ab
EHRLICH GESAGT :DAS KÖNNEN WIR NICHT BEANTWORTEN,LEIDER !!!
SO AUFSCHLUSSREICH DIES WOCHE WAR;UMSO WENIGER DÜRFEN ,KÖNNEN WIR DARAUS RESULTATE ZIEHEN.
viele hatten gedächnisschwund
mary hat vieles zugelassen
rosen hat sich geärgert(das war noch das positivste,es wird einen trifftigen grund haben)
von susman immer noch keine spur(warum auch ?)
arivanutzer sind zuversichtlich
w.o. lästert was das zeug hält(über ariva user,kleinaktionäre usw.)
weiter warten,hoffen,glauben,wissen............was kommt jetzt :
AUSBUCHUNG=NULL FÜR UNS
ODER
EINIGUNG=MEHRERE DOLLAR $$$ PRO SHARE
traum und wirklichkeit können wir das noch unterscheiden?
WIR HABEN SOLANGE GEWARTET,ALSO WERDEN WIR DEN SCHLUSSPFIFF AUCH MIT GENUSS ENTGEGEN NEHMEN.meiner einsicht nach mit einer entschädigung für die aktionäre(subjektiv betrachtet)
keine handelsaufforderung,mir glaubt äh keiner mehr.entweder man ist überzeugt oder man lässt die finger davon.
SO AUFSCHLUSSREICH DIES WOCHE WAR;UMSO WENIGER DÜRFEN ,KÖNNEN WIR DARAUS RESULTATE ZIEHEN.
viele hatten gedächnisschwund
mary hat vieles zugelassen
rosen hat sich geärgert(das war noch das positivste,es wird einen trifftigen grund haben)
von susman immer noch keine spur(warum auch ?)
arivanutzer sind zuversichtlich
w.o. lästert was das zeug hält(über ariva user,kleinaktionäre usw.)
weiter warten,hoffen,glauben,wissen............was kommt jetzt :
AUSBUCHUNG=NULL FÜR UNS
ODER
EINIGUNG=MEHRERE DOLLAR $$$ PRO SHARE
traum und wirklichkeit können wir das noch unterscheiden?
WIR HABEN SOLANGE GEWARTET,ALSO WERDEN WIR DEN SCHLUSSPFIFF AUCH MIT GENUSS ENTGEGEN NEHMEN.meiner einsicht nach mit einer entschädigung für die aktionäre(subjektiv betrachtet)
keine handelsaufforderung,mir glaubt äh keiner mehr.entweder man ist überzeugt oder man lässt die finger davon.
Guten Morgen,
hatte gestern leider keine Möglichkeit, dem Hearing live beizuwohnen. Ist irgendetwas zur Zulassung des Maxwell Reports gesagt worden?
Nicht nur, dass es im Fall Wamu nach einer Theatershow aussieht, sondern auch hier im Forum! Hier leiden etliche unter Realitätsverlust, und neigen zu MAßLOSEN ÜBERTREIBUNGEN! Es gibt einen User, der die Bande hier mit schier unmöglicher NAIVITÄT auf Trab hält. Und die ganze Horde folgt. Dabei wird das Invest Wamu nicht mehr Subjektiv betrachtet, sondern schon als Erfolg gekührt! Jegliche realitätsbezogene Erkenntnisse werden direkt unterm Tisch gekehrt. Lob gilt den naiven Visionären, den Träumern!
Amen
wo stehen wir nun ?
wird POR6 durchgewunken ?....Null für commons, fast nichts für prefs
wird POR6 abgelehnt ?.....was bringt uns nächster POR ? wieder monatelanges warten ?
oder doch prefs und commons endlich im geld ?
oder doch noch eine überraschende Einigung ?
hier ist alles möglich....sieht man alleine schon an den unterschiedlichen meinungen
diverser "experten"......
hiezu passt irgendwie diese meinung eines dieser "Experten" aus w.o...
user mmfra....
"Die interessanteste gestrige Aussage war IMHO diese :
Kosturos sagt, dass man versucht hätte mit dem POR7 dem EC Wert zu verschaffen. Unbegreiflicherweise würde dieser Deal sich aber nicht materialisiert haben.
Ich vermute mal dass das EC anstatt sich mit dem Spatz in der Hand zu begnügen, lieber die Taube auf dem Dach haben wollte und am Ende gänzlich mit leeren Händen da stehen wird ! Wenn's tatsächlich so kommt dann hat SS einen fundamentalen Bock geschossen zu ungusten der Pref-Holders ..."
und an user faster.....unterlasse bitte gefälligst in zukunft, mir hier "saublödes bashen"
zu unterstellen...
auch deine primitiven pöbeleien, werden mich nicht hindern, mein invest zu hinterfragen !!
was glaubt ihr "thread-kaiser" eigentlich, wer ihr seit ????
winner
wird POR6 durchgewunken ?....Null für commons, fast nichts für prefs
wird POR6 abgelehnt ?.....was bringt uns nächster POR ? wieder monatelanges warten ?
oder doch prefs und commons endlich im geld ?
oder doch noch eine überraschende Einigung ?
hier ist alles möglich....sieht man alleine schon an den unterschiedlichen meinungen
diverser "experten"......
hiezu passt irgendwie diese meinung eines dieser "Experten" aus w.o...
user mmfra....
"Die interessanteste gestrige Aussage war IMHO diese :
Kosturos sagt, dass man versucht hätte mit dem POR7 dem EC Wert zu verschaffen. Unbegreiflicherweise würde dieser Deal sich aber nicht materialisiert haben.
Ich vermute mal dass das EC anstatt sich mit dem Spatz in der Hand zu begnügen, lieber die Taube auf dem Dach haben wollte und am Ende gänzlich mit leeren Händen da stehen wird ! Wenn's tatsächlich so kommt dann hat SS einen fundamentalen Bock geschossen zu ungusten der Pref-Holders ..."
und an user faster.....unterlasse bitte gefälligst in zukunft, mir hier "saublödes bashen"
zu unterstellen...
auch deine primitiven pöbeleien, werden mich nicht hindern, mein invest zu hinterfragen !!
was glaubt ihr "thread-kaiser" eigentlich, wer ihr seit ????
winner
Moin, hab das heute n8 nicht mehr mitbekommen
hier ist die Originalversion von der Eingabe von Philipp Schnabel in Textformat..
Docket #8288 Date Filed: 7/21/2011
I
UNITED STATES BANKRUPTCY COURT - .
FOR THE DISTRICT OF DELAWARE
In re: Chapter ll: V ,-as
Case Number: 08-12229 QEIEW)
Washington Mutual Inc. agi gg: e
Debtors 932 `Y . - ~»
1** @:2 I
STATEMENT OF SHAREHOLDER PHILIPP SCHNABEL ii T `, .
in SUPPORT to the Second Supplemental Objection of the Consortium of Trust Preferred
Security Holders to Confirmation ofthe Modified Sixth Amended Joint Plan of Aftiliated-
Debtors Pursuant to Chapter ll of the United States Bankruptcy Court
I am a shareholder, an Interested Party in this case, among others, closely following this case and
the filings. Writing the Court as Pro Se, I request the latitude extended to a Pro Se filing party.
I want to support the new issues raised by Trust Preferred Security Holders (“TPS").
Your Honor has to rc-consider the following points
(1)
Your Honor specifically cited Judge Collycr's decision in the ANICO case in support of your ' .
conclusion that WMI had little chance of prevailing on tort claims vs. JPMC and FDIC,
(2)
found that Your Honor had jurisdiction to make yourself an expert witness g decide whether
WMI's counterclaims vs. J PMC for state law-based counterclaims were likely to prevail, and `
(3) · I
impliedly foundthat the process by which the GSA was reached was a valid amts-length transaction
which made the agreement "fair and reasonable", untainted by insider trading or undue influence.
l
It the light of the two significant recent court rulings, the court has to re-think about the ruling on
the GSA. ‘
The Supreme Coun did make clear:
I. A bankruptcy court, as a non-Article III tribunal, may not enter a final judgment on a
state law counterclaim that (a) “is not resolved in the process of ruling on a creditor’s
proof of claim," or (b) does not fall squarely within the “public rights" exception.
II. Contrary to settled expectations, the filing of a proof of claim by a creditor does not
vest the bankruptcy court with authority to enter a final judgment on all counterclaims
or establish the creditor’s consent to the bankruptcy court’s adjudication of such
counterclaims.
The Supreme Court in the Stern v. Mmshall case l0-I79 decided on June 23, 20] l, declared
unconstitutional a bankruptcy judge’s entering a final judgment in .
The Court ruled that consent was irrelevant to the authority of an non·Article III bankruptcy judge
to exercise judicial power by rendering a final judgment. Instead the Court held that the l984
Bankruptcy Act and §§l57(c) and l334(c) required that some matters be sent to the State or District
courts for resolution,
I'd say that it's a bombshell in several respects, both from a bankruptcy and constitutional l
perspective.
WilmerHale's Craig Goldblatt noted the Court's opinion at pages 33-34 makes pretty clear that
Section l57(b)(2)(H)—which provides that fraudulent conveyance actions are "core
procecdings"—is also unconstitutional. ("We see no reason to treat Vickje's counterclaim any
differently from the fraudulent conveyance action in Granhnanciera.")
The Stern decision does not say bankruptcyjudges cannot make decisions regarding counterclaims,
but that the form of the decision will be changed to a "report and recommendation" forwarded to the
District Court for approval, or, if one ofthe parties demands it, for a "de novo" trial or hearing, if
needed:
(a) A trial "de novo" is a completely new trial by a different, higher court.
(b) A "report and recommendation" is something like what a "special master" might do in state
coun, or what Hochberg did in this case.
Any torts alleged in counterclaims against JPMC or FDIC should be subject to the Stern rule and
would have to be bumped up to the District Court for trial unless the parties stipulated that the BK
could decide them. And that raises the question whether the debtor could be allowed to stipulate if
equity holders such as the EC or TPS objected.
Conclusion: `
I reguest as a party in interest a trail "de novo” by a different., higher court.
I support fully the Objection of the Trust Preferred Security Holders.
I question the banl·;ruptcyjudge’s ability entering a tinal judgment in a tort claim that is non-core. · l
That makes clear the Court has to re-litigate the GSA, because that would be a final judgment on
state-law or federal-law.
If your Honor wants the ruling ofthe GSA to pass the review or appeal, your Honor has to think
more about how common laws treat the claims rather than enjoying the extremely low threshold of
"fair and reasonable" in the bankruptcy world.
The court should proxdde any relief that it deems just and proper.
Respectfully submitted,
f ,94/,,,,zV/ —
/s/ Philipp Schnabel
Pro Se
Date: July ll, 2011
Philipp Schnabel
Stcinstrasse 6
01454 Radeberg
Gemtany
Hier werden offensichtlich die geschützt, die am meisten Dreck am Stecken haben, und die dürfen dann auch noch den Haushofmeister spielen und die anderen einteilen.
Bis jetzt kann ich faster nur zustimmen.
Vielleicht ist das auch eine andere Art, Rosen vorzuführen, ihm Wichtigkeit zu verleihen, wo eigentlich keine ist.
Möglich ist, dass das von Walrath Vernebelungstaktik ist, Desinformation, um JPM sagen zu können: Seht her, ich habe es versucht, aber dann musste ich dem und dem nachgehen, habe versucht, es wieder gutzumachen etc.
Ja, ich versuche, es mir schönzureden, bis der Krug bricht oder das Gegenteil.
Sie könnte auch gegenüber JPM so argumentieren, dass ja jetzt die Heuschrecken dran sind, und dass das gut sei, aber damit rechnet, dass das auf Dauer auch JPM erodieren wird. Dass sie also so handelt, so dass sie JPM gegenüber nicht zum direkten Akteur werden kann, aber indirekt das Ziel erreicht, sie mit in den Abgrund zu ziehen.
Verwunderlich sind jedenfalls immer wieder Entwicklungen, die das EC stärken, von Mal zu Mal mehr. Möglich ist aber auch, dass das nur deswegen geschieht, um hinterher sagen zu könnne, wie Hochberg: Ich konnte nicht anders - jetzt in die andere Richtung, das EC bekommt doch nichts, da war nichts, ich habe mein Möglichstes getan.
Wenn sie mit den Marta-Ansprüchen so verfährt, wie sie verfahren ist, muss man erst einmal, wieder einmal, viele Male in diesem Verfahren, faster recht geben. Ob sie ein doppeltes Spiel treibt, was ich eben nicht ausschliessen kann, weil es viele Male auch in die andere Richtung ging, oder nicht, wissen wir erst am Schluss.
Dass das alles armselig ist, ...
Am armseligsten finde ich die, die auf der anderen Seite mitmachen, herab bis zum basher.
Gruss, St. JCF
Bis jetzt kann ich faster nur zustimmen.
Vielleicht ist das auch eine andere Art, Rosen vorzuführen, ihm Wichtigkeit zu verleihen, wo eigentlich keine ist.
Möglich ist, dass das von Walrath Vernebelungstaktik ist, Desinformation, um JPM sagen zu können: Seht her, ich habe es versucht, aber dann musste ich dem und dem nachgehen, habe versucht, es wieder gutzumachen etc.
Ja, ich versuche, es mir schönzureden, bis der Krug bricht oder das Gegenteil.
Sie könnte auch gegenüber JPM so argumentieren, dass ja jetzt die Heuschrecken dran sind, und dass das gut sei, aber damit rechnet, dass das auf Dauer auch JPM erodieren wird. Dass sie also so handelt, so dass sie JPM gegenüber nicht zum direkten Akteur werden kann, aber indirekt das Ziel erreicht, sie mit in den Abgrund zu ziehen.
Verwunderlich sind jedenfalls immer wieder Entwicklungen, die das EC stärken, von Mal zu Mal mehr. Möglich ist aber auch, dass das nur deswegen geschieht, um hinterher sagen zu könnne, wie Hochberg: Ich konnte nicht anders - jetzt in die andere Richtung, das EC bekommt doch nichts, da war nichts, ich habe mein Möglichstes getan.
Wenn sie mit den Marta-Ansprüchen so verfährt, wie sie verfahren ist, muss man erst einmal, wieder einmal, viele Male in diesem Verfahren, faster recht geben. Ob sie ein doppeltes Spiel treibt, was ich eben nicht ausschliessen kann, weil es viele Male auch in die andere Richtung ging, oder nicht, wissen wir erst am Schluss.
Dass das alles armselig ist, ...
Am armseligsten finde ich die, die auf der anderen Seite mitmachen, herab bis zum basher.
Gruss, St. JCF
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