messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=4&frt=2
ZItat anrak:
TPG/Bonderman - what is the real deal & was it made PUBLIC
Bump ===
"TPG/Bonderman - what's the real deal? 28-Jul-11 12:01 pm TPG invested Billions in wamu just a few months prior to the hurried illegal conservatorship of WAMU by OTS/FDIC and subsequent gifting to JPM.
So, why bonderman is silent and never even bothered to file a claim or get involved with EC?
>> Was TPG/Bonderman given non-public material info about the planned seizure by FDIC, which was used illegally by TPG?
>> Did TPG/Bonderman shorted wamu stock using non-public information, to cut down their exposure? Death Spiral investment? IT fraud?
>> Was TPG/Bonderman offered sweet-heart deals by FDIC/Fed/JPM as a Quid Pro Quo to "buy" TPG's silence?
>> Was the buyout of failed Chorus Bank of chicago, one of such sweet-heart deals made for TPG/Bonderman?
TPG/Bonderman is definitely a "party of interest" who can shine some light into the collusion/fraud behind the wamu theft, imo."
I believe that poster "Stocker_chase" who did the original message may be on to something that can be ?? Really big??...
Specifically, was there a duty for public disclosure by TPG or WMI or JPM -- of matters relating to the implied pay out of TPG, of about $B7. Or could they be implicated in non pubicly disclosed side deal with other Hedgies re TPG apparent not even being interested in NOLs and/or abandonment of their potential use to them and other equity etc..
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frage von much.faster:
a payout of tpg?
from jpm?
you wrote: "of matters relating to the implied pay out of TPG, of about $B7"
any evidence, any link, any other hints for this "payout"?
and greetings to jamie, he must be very frustrateted, lol
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bs.
jpm raisewd a lot of money in the last three years, about 300 billion.
and all of it for tpg?
nonsense.
what i would like to know is, who shorted the wm in september 2008?
that is much more interesting than construed false accusations of payoffs.
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Antworten von johnnyiwant...,
ZItat:
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
Ya See they were paid off and were part of the Take down! There is no Doubt. Do not forget Bonderman met with Shelia and was also in on the meeting to hire fishman. Ya see you really need to ask why ZFishman met with Shelia & Tpg before Kerry even knew he was to be replaced. Go look at the PSI report Time Line Its all there.
As far as Susman & TPG liking each other or in bed forget it! Steve S. has been a pain and thorne in the side of Bonderman From the Days of TXU energy to TodaY. They do not like each other. (see my TXU SUS TPG post). Believe me TPG did not loose the money it was just morphed!
Regards,
B
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Much Ok how do you know its false. Have you read the timeline and PSI notes? How much do you think TPG lost?
????? Regards,
B
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TPG loses $1.35bn over WaMu investmentTom Bawden in New York
TPG, the US buyout firm that pulled out of a rescue financing package in July that it had promised to Bradford & Bingley, conceded yesterday that it lost $1.35 billion (£734 million) on its investment in Washington Mutual, following the seizure by regulators of the savings and loans institution on Thursday night.
TPG, which became WaMu’s largest shareholder in April as head of a consortium that injected $7 billion into the group, is the most high-profile loser among WaMu’s shareholders, whose equity was wiped out.
A TPG spokesman said: “Obviously we’re disappointed with the loss to our partners from our investment in Washington Mutual. The unprecedented turmoil in global financial markets and resulting macro crisis of confidence has radically changed the dynamics of all financial institutions and led to widespread losses among investors throughout the sector.”
JPMorgan bought the bulk of WaMu from US regulators on Thursday for $1.9 billion in a deal that is also expected to leave some bondholders in the group out of pocket.
Toscafund, the London-based hedge fund set up by Martin Hughes, a former executive at Tiger Management, is believed to be another big loser from the deal. The hedge fund revealed on July 31 that it had amassed 105 million shares in WaMu, amounting to a 6.1 per cent stake and making it the second-largest investor in the group. That holding, which was valued at $500 million on July 30, the day before Tosca’s share purchases came to light and boosted WaMu’s stock by 20 per cent, is now worthless.
JPMorgan appears to be the biggest winner from the deal. Although it is immediately writing off $31 billion of the value of WaMu’s $176 billion mortgage-asset portfolio – and planning an $8 billion capital raising to offset these losses – the bank is getting a business it has long coveted. JPMorgan offered $4 a share, or about $7 billion, for WaMu in March and was rebuffed. This was before the full extent of the group’s woes came to light and translated into by far the biggest banking failure in US history.
Anton Schutz, president of Mendon Capital Advisors, in Rochester, New York, said: “This is one of the reasons I own JPMorgan: they’re going to win from this.”
Sources said JPMorgan was absolutely determined to buy WaMu and put 75 employees on the transaction. As he presented the deal to the media Jamie Dimon, JPMorgan’s chief executive, said: “We don’t know and we don’t care” about rival bids for WaMu.
JPMorgan was keen to buy WaMu because the deal will add $900 billion in customer deposits, transforming it into America’s biggest bank by deposits. It will also add more than 2,000 branches to the group’s retail network, bringing the total number of branches to 5,400 in 23 states.
The deal will greatly increase JPMorgan’s presence in the South and the West of America, particularly in California and Florida. JPMorgan would look to cross-sell its wealth management and commercial banking services to existing WaMu mortgage and credit card holders.
WaMu became America’s largest savings and loans institution though a string of mergers in the 1990s, led by Kerry Killinger, who was ousted as chief executive earlier this month in the wake of billions of dollars of losses on high-risk sub-prime mortgages.
US regulators began trying to cobble together a deal after Standard & Poor’s, the credit rating agency, cut WaMu’s rating to junk status last week. The Office of Thrift Supervision and the Federal Deposit Insurance Corporation seized WaMu on Thursday because it lost $16.7 billion in deposits since the rating downgrade.
This left the group with “insufficient liquidity to meet its obligations”, putting it in “an unsafe and unsound condition to transact business,” according to the Office of Thrift Supervision.
JUST TO MAKE ANOTHER ABSURD POINT!!!!!!!!!!!!!!!!!
ABSURD REGARDS,MUCH
B
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MfG.L:)
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