Wamu WKN 893906 News !

haben, 2008, wo WaMu doch schon weit vor den anderen dabei war, mit den Kreditwetten aufzuräumen, dann so etwas gerade von Paulson zu hören, als er gerade von Cramer angeschmiert worden war. Direkt noch mal angeschmiert, von zwei Seiten.

Wenn Killinger etwas auszupacken hat, dann bereitet er es bestimmt seit langem vor, für den Fall des Falles, um nicht eingemacht zu werden,


Gruss, St. JCF

Er wird von einigen verehrt aber genauso gehasst. Zu erwähnen sei noch das Cramer ein ehemaliger Hegefonds Manager war. Die Sendungen sind irrsinnig komisch ( ausrasten während der Sendung gehört bei Cramer zum guten Ton, aber richtig ausrasten, bis er Glutrot wird ). Der hatte vor langer Zeit mal WaMu zum kauf empfohlen und den ganzen Fall mit Bear Steams verglichen. Wer aber sich regelmäßig diese Videos anschaut, der kann den Mann allerdings nicht ernst nehmen. Der rastet einfach zu oft aus.

ich gehe davon aus, dass die auf der liste der "third parties" stehen, die susman&godfrey aufgestellt haben. aber sehr weit hinten, da kommen andere vorher.

da sind mir heute zwei weitere listen untergekommen, einmal die liste der wmi creditors, der bondhalter:

Advent Capital Management
Aurelius Capital Management, LP
Banc of America Securities LLC
Citigroup Global Markets Inc.
Concordia Advisors LLC
Davidson Kempner Capital
Deutsche Bank Securities Inc.
Durham Asset Management L.L.C.
Elliott Associates L.P.
Goldman, Sachs & Co.
Goldentree Asset Management LP
Greenwich Capital Markets, Inc.
Gruss Asset Management
Halcyon Asset Management LLC
Ivory Capital
King Street Capital Management
Kingstown Capital Management LLC
KS Capital Partners, L.P.
Latigo Partners, L.P.
Longacre Fund Management, LLC
Luxor Capital Group, L.P.
Morgan Stanley & Co. Inc.
Marathon Special Opportunity Master Fund, Ltd.
Och-Ziff Capital Management Group
Onex Credit Partners, LLC
One East Partners
Ore Hill Hub Fund Ltd.
Owl Creek Asset Management, L.P.
P. Schoenfield Asset Management TJX)
Satellite Asset Management, L.P.
Serengeti Asset Management LP
Silver Point Cupital LLC
Stone Lion Portfolio L.P.
Taconic Capital Advisors LP
Talos Capital Limited
The Children's Investment Master Fund
Third Point LLC
UBS Securities LLC
Valinor Capital Management, LLC
Venor Capital Management LP
VSO Capital

und einmal die liste der cds auktionäre:

www.isda.org/2008wamucdsprot/protocollistalpha.asp

und ich wette, das einige der teilnehmer an der cds auktion auch in der ersten liste auftauchen und ihre forderungen an wmi gestellt haben, ohne ihre zahlungen aus der kreditausfallsversicherung zu berücksichtigen. ob das wohl als konkursbetrug durchgeht? und ob man da nicht einige hunderte millionen an dollar einsparen kann, wenn man da eine untersuchung startet? ob diese bondhalter dann auch so menschenfreundlich sind, und ihre forderungen an die aktionäre verschenken, grins?

und dann kommen wir noch zum versicherungsbetrug, wenn z.b. banco santander aktiv an der zerstörung der wamu mitarbeitet, ein illegales kartell mit jpm bildet, vorgetäuschte verhandlungen mit wmi führt, und still und leise kreditausfallversicherungen (cds) kauft, mit ihrem wissen. ob die versicher das nicht als versicherungsbetrug ansehen?

von einer schadensersatzklage der wmi aktionäre mal ganz abgesehen.

wenn ich aktienmanipulator, äh, kommentator wäre, ich würde darüber nachdenken, den verkauf von banco santander aktien zu empfehlen. die könnten ein oder zwei jahre keine dividenden zahlen, wegen der möglichen strafzahlungen an wmi, grins.

investorshub.advfn.com/boards/read_msg.aspx?message_id=64267557

Zitat michael laurino:

I still keep going back to what Steinberg said to Ilenes last week:"Now the ones who were out of the money(equity) are going to call the shots,and I wonder who Susman is going to sue"!!!!To me,this is the key......Something is coming down the pipeline soon,and it may be big......until we see the POR V7 we can only speculate(and bite our nails!!!)
Zitatende

MfG.L:)

messages.finance.yahoo.com/...f=1&rt=2&frt=2&off=1

GSA IST TOT, LAUT DIESER MEINUNG:
messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks…

The Case for a Multilateral, Holistic Solution (1)
14-Jun-11 04:19 pm
I’ve said multiple times this case call for a multilateral, holistic solution. I’ve also discussed my reasoning for it on several occasions. In summary, (1) IT charges tainted the “good faith” aspect of GSA. As Nate said in WSJ “it was unfair that hedge funds were able to eventually negotiate on behalf of trust preferred holders, seeing as they were also bondholders and involved in settlement talks. He questioned whether they were acting in all of the preferred holders' best interests.” Clearly, it’s not just unfair, but also an action of lack of good faith on the part of SNHs (Interestingly, Nate’s last comment is closely resonant with EC’s argument “the Debtors failed to consider the interests of all stakeholders”, which was voiced in the closing argument at Dec. hearing). However, the impact of “good faith” argument on GSA as a whole, imo, is limited. This observation, I admit, is different from my previous thinking on the same issue. Previously, I thought IT charges, once proved, will show GSA was not negotiated in good faith, and therefore it should be tossed out. I’m now thinking this argument has its limitations. The Judge’s opinion of “fair and reasonable” was based on the compromise between the debtors, JPM, and FDIC. That is the core of GSA. JPM, FDIC, and the debtors are likely able to insulate GSA from the fallout of “good faith” argument by declaring (proving if necessary) they had nothing to do with SNHs’ insider trading activities, and had been negotiating with one another in good faith. That’s a huge burden of proof on the shoulders of the adversaries to prove it otherwise. For GSA parties, it is ideal to isolate the impact to NewCo. Keep in mind, Nate’s initial charge was directed at Piers (H) shares and the reorganized company. To have broader impact on GSA, good faith argument alone is not enough. You need to have FJR and equitable disallowance at play too. We know EC has done researches on both issues, and can argue about them in the court on behalf of shareholders. However, the decisions on those two issues, especially equitable disallowance, were entirely in the hands of the court. Since no party knows for sure the strength of EC’s investigations and arguments as seen in the eyes of the court, it’s a risky move to go the litigation route for any party when facing such uncertainty. Both Equity and SNHs have their chances to either win big time, or conversely, lose hugely. If the court side with Equity on all IT accounts, it can shake the core of GSA, which will place shareholders and JPM, FDIC in a face to face battle and maneuvering. No one likes uncertainty with so much at stake. It’s therefore necessary and smart move to have all parties come together, sweeten the pot for Equity and other left-out parties (in other words, adjusting GSA) to make the whole mess go away. This is one of the reasons that call for a multilateral, holistic solution. (That being said, contrary to some misleading claims, IT charges have not been taken off the table by EC, neither is the debtors’ POR 6. Both battles will be very unpredictable, especially for shareholders if parties choose to fight rather than talk (e.g. settlement talks fall apart in the unfortunate event).

continued ...

(2) I maintain the view that the changes in control of WMMRC from SNHs to equity holders will bring the pressure on JPM and FDIC. Seeing the chance of shareholders in control of a valid organization from impossibility to near reality, in my view, is enough to get both JPM and FDIC’s attention and concern. As long as we don’t give up releases, no matter what form of organization and funding shareholders hold (NewCo or Litigation Trust), we are a threat to them. The key is Releases. Remember, in her opinion, the Court is sided with the equity on this issue. I doubt EC and Susman will give up the Releases so easily without first forcing some concessions from JPM and FDIC. Of course, JPM and FDIC always have the option and resources to declare war on Equity by refusing making any concessions. As I said, this is a major puzzle that remains to be seen. However, do we get their attentions? Yes. I believe so. As charlien and others pointed out there were ten JPM legal and company reps who either attended in person or listened in to 06/08 hearing, they sure have concerns (about the emerging new deals). This is another reason, I believe, that call for a multilateral, holistic solution to end this madness.

Because of my previous background, I tend to look at the current case development from the perspectives of power struggle and power maneuvering. I could be terribly wrong. But, this is the best possible guesstimation I can come up with based on cold reasoning but without any inside knowledge of what’s happening behind the closed doors. Treat it with a grain of salt.

"the withdrawal of the ec appeal is for me a sign, the current gsa is terminated."

This very well could be the case....my previous thoughts were that the EC's Appeal was withdrawn as the cancelled depos as a sign of the good faith discussions going on..... BUT the above comment by much.faster reveals another very valid possibilty either terminated GSA (and not yet notified to the court) or participants know that there will be a revised and/or GSA7 coming in the near future...... thanks

good luck WaMuers...

.....aber ob der User aus Amiland das einigermaßen sinnvoll überlegt hat......keine Ahnng.....

http://www.ariva.de/...KN_893906_News_t364286?page=5690#jumppos142257

"
lander: The Case for a Multilateral, Holistic... (1+2)
Link einstellen können.

14.06.11 22:31
#142116
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=5&frt=2


Zitat patience360_han:

I’ve said multiple times this case call for a multilateral, holistic solution.
..."


Gruss, St. JCF

Mickey Mouse hat sich zusammen mit Mini-Mouse heute mal wieder ein paar Wamu-Shares zugelegt. *lol*

Lächerlich, dieses Volumen.

Ihr könnt hier noch so phantastische Theorien aufstellen, Fakt ist, der Markt glaubt hier wahrlich NICHT an einen positiven Ausgang, sonst wären Volumen und pps 50 mal so hoch.

Das wird wieder nix übermorgen ;-)

Sind die im Büro neben Dir auch schon aktiv?

Und Ausblend-TSCHÜSS!

The businesses that Scharf was responsible for will now be overseen by Maclin, Smith, and Frank Bisignano, Dimon's chief administrative officer whom he assigned in February to fix the retail bank's mortgage business.

In a memo to staff, Dimon said Scharf "will continue to work with our consumer team to help transition the business and assist in any way possible."

The shifts come as JPMorgan tries to strengthen its retail banking arm, which is being hurt by low demand for loans and hit by growing regulatory demands that will squeeze profits.

The retail financial services segment fell the furthest short of its profit goals of any JPM segment in 2010, with a return on equity of 9 percent compared with a target of 30 percent, according to a report by analyst Christopher Mutascio of brokerage Stifel Nicolaus.

The bank also said its investment banking head, Jes Staley, will assume oversight of its business outside of the United States, taking over from Heidi Miller, 58, who will retire early next year.

Dimon said the moves were not an explicit part of the company's preparations for his eventual successor, but he added: "It is always good to cross-train people."

MORTGAGE CHIEF PUSHED OUT

The bank said in a separate memo to staff on Tuesday that its chief of home lending, David Lowman, would be leaving. He had been pushed aside in February after the bank racked up billions of dollars in losses on mortgages and became mired in litigation over foreclosures.

"Dave Lowman and I have decided he will leave the firm," Bisignano said in the memo.

Lowman joined JPMorgan from Citigroup in 2006. During his tenure at JPMorgan, the bank picked up bad mortgage assets through its acquisitions of investment bank Bear Stearns & Co and retail bank Washington Mutual.

Under Lowman, the home lending unit was so disorganized that the bank seized homes of at least 33 U.S. military servicemen on active duty, violating federal law and prompting Dimon to apologize at the company's annual shareholder meeting. The bank has said it is forgiving those loans.

Lowman could not immediately be reached for comment on Tuesday.

Lowman appeared before congressional committees last year where he was chastised for his division's refusal to cooperate with borrowers and modify mortgages. Lowman said in a June 2010 hearing that the bank was understaffed but was adding employees to work on problem mortgages. In a hearing in November, Lowman acknowledged mistakes in foreclosure paperwork and said the bank was cleaning up errors.

JPMorgan and other large banks are in negotiations with the Department of Justice and state attorneys general to settle probes into mistakes in foreclosures.

The bank recorded $1.1 billion in litigation expenses in the first quarter, primarily because of mortgage-related claims. It also marked down the value of its mortgage-servicing contracts by $1.1 billion because of increased costs and booked $1.1 billion of expenses for losses on its residential real estate portfolio. (Editing by Maureen Bavdek, Matthew Lewis and Steve Orlofsky)

uk.reuters.com/article/2011/06/14/...rvices+and+Real+Estate%29

By dkildahl on Jun 14, 2011

The largest bank failure in the history of US - Washington Mutual fails and is seized by the FDIC. Why did it fail? Too much exposure to the mortgage crisis, no more credit, run-on-the-bank etc. etc. Shotgun wedding with JPMC arranged for USD1.9B.
- The House of Representatives rejects the bailout plan, causing a 800 point drop in the Dow Jones Industrial average.
- Wachovia gets bought by Citigroup - which now puts Citi in the "too big to fail" bucket. Perhaps it was already there, but this definitely guarantees it.
And this news is wrong already!
- Belgium, the Netherlands and Luxembourg pledge more than E11B to Dutch-Belgian bank and insurance giant Fortis NV to keep it from insolvency.

- Dexia, the French-Belgian bank, gets essentially nationalized. The Belgian, French and Luxembourg governments inject E6.4B into it.

blogs.oracle.com/ambreesh/entry/...n=Feed%3A+orana+%28OraNA%29

 

Tja, ich weiß, die Wahrheit schmerzt manchmal, kleiner Mann ;-)

 

Also, Dimon confirmed that Heidi Miller, President of JPMorgan Chase's International business, will retire from the firm in early 2012. Miller has played key roles throughout her 30-plus-year career in banking and finance, including CFO of Citigroup and Bank One, a member of the Bank One Board of Directors and other large corporate boards, CEO of JPMorgan Chase's Treasury & Securities Services business, and most recently, President of International.
"Heidi has been a valued member of our Operating Committee and a trusted advisor to me over the years, and she has also served as a role model to countless others inside and outside of our firm," Dimon said in the company statement. "In her role as President of International, Heidi worked closely with our key business leaders to help develop a comprehensive and coordinated international business strategy, growth plan and governance structure. She furthered our efforts in expanding the ranks of our global corporate bankers, and she helped us do a better job deepening and coordinating our client coverage efforts around the world."
Jes Staley, CEO of the firm's Investment Bank, will assume additional responsibility for overseeing and coordinating the firm's international franchise across all of its businesses. According to the bank, this is consistent with Miller's recommendation that responsibilities for international activities be embedded back into the businesses. Staley is expected to partner with the CEOs of the firm's other wholesale international businesses -- Mike Cavanagh in Treasury & Securities Services and Mary Erdoes in Asset Management.
Gordon Smith, CEO of Card Services, will take on additional responsibility for JPMorgan Chase's Auto Finance and Student Lending businesses. Also, in what the bank says is a move to better leverage the power of the Chase brand and ensure more consistency, Smith will assume a new role managing all Chase-branded marketing across Chase products and services. In this role, he'll reportedly partner closely with senior marketers across the firm's business and corporate functions.

banktech.com/articles/230700031

ob man diese geschichte wohl so abkürzen kann:

"du, charlie, hast die geschichte mit wamu gründlich versaut, und musst jetzt gehen. aber da wir nicht riskieren wollen, das du das maul aufreisst, kriegst du einen schönen posten bei einem von unseren hedgefunds. da kannst du in zukunft ja dran arbeiten, die wmi endgültig in grund und boden zu shorten"

oder ist das zu krass, was meint ihr?

Wann sollen neue News kommen ? Danke .

was ist nur los mit dem Volumen? wir hatten immerhin einen interessanten Bericht im WJ und stehen vor wichtigen Terminen (hoffentlich auch Entscheidungen)!

aber das Volumen???

das dachte ich auch.

Wir werden sehen, was JPM noch alles aus dem Hut zaubert.

Ich frage mich täglich, ob diese Geschichte je endet?

zumindest heute nicht, wenn man die entwicklung der prefs im auge behält
ich hoffe dass ich da niemanden in seinen gefühlen verletze
so looong *klonk*
/paketix

bin der selben Meinung. Wenn die P´s nicht steigen, werden die Q´s auch nicht gen Norden maschieren.
Sobald wir bei den Vorzügen steigende Kurse sehen, werden auch die Q´s steigen.

Nur meine Meinung

Gruß

denke, viele fallen auf dieses "anfüttern" der MMs nicht mehr rein....

und warten lieber an der seitenlinie, bis hier die richtigen news kommen

und nicht vergessen, das immer noch offene GAP bei 0,08$ !!
die amis lieben doch das schliessen offener gaps, oder ?

nur meine meinung
winner

"Wenn die P´s nicht steigen, werden die Q´s auch nicht gen Norden maschieren.."

so ist es.....denkt nur an den anstieg der commons vor einigen wochen...
zuerst gingen die prefs extrem richtung norden....dann folgten erst die commons !!

es wird diesmal wahrscheinlich wieder so sein...

schaumamal
winner

... sagen darf:

Es ist natürlich möglich das nur die Q's steigen!

AAAABER: Man muss unterscheiden zwischen NACHHALTIGEM Anstieg und ZOCKEREI!

Findet ein nachhaltiger Anstieg statt sind die Pref's die ausschlaggebenden (Mit einer Ausnahme: die P's kommen im Por V7 extrem schelcht weg im Vergleich zu den Commons, was aber sehrsehrsehr unwahrscheinlich ist).

Deshalb "predige" ich auch immer, dass der wichtigste Indikator für ein Settelment / nachhaltiger Anstieg das Volumen der Prefs sein wird!

Gruss, rstud

Lass dich von diesen Wegelagerer nicht fertigmachen.

Donnerwetter, jetzt wird noch Jim Cramer ins Spiel gebracht, jetz wird`s aber Theaterreif.

SNH depo's back on - oh boy.

6/15/2011 7897 Official Committee of Equity Security Holders First Deposition Notice to Owl Creek Asset Management, L.P. 206 k
6/15/2011 7896 Official Committee of Equity Security Holders First Deposition Notice to Appaloosa Management L.P. 206 k
6/15/2011 7895 Official Committee of Equity Security Holders First Deposition Notice to Centerbridge Partners, L.P.

Official Committee of Equity Security Holders First Deposition Notice to Centerbridge Partners, L.P.
www.kccllc.net/documents/0812229/0812229110615000000000001.pdf

Official Committee of Equity Security Holders First Deposition Notice to Appaloosa Management L.P.
www.kccllc.net/documents/0812229/0812229110615000000000002.pdf

Official Committee of Equity Security Holders First Deposition Notice to Owl Creek Asset Management, L.P.
www.kccllc.net/documents/0812229/0812229110615000000000003.pdf

Notice of Withdrawal of Appearance and Request for Deletion from Service Lists by Christopher A. Sterbenz
www.kccllc.net/documents/0812229/0812229110615000000000004.pdf

"Deshalb "predige" ich auch immer, dass der wichtigste Indikator für ein Settelment / nachhaltiger Anstieg das Volumen der Prefs sein wird!.."


vorsicht rstudent......das wort "prediger" hören hier viele nicht gern...grins

aber du hast natürlich vollkommen recht...