Wamu WKN 893906 News !

messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=1&frt=2

ZItat germanoste... :

We have grounds to support that the Global Settlement Announcement of the Plan Of Re-Organization was formulated on fraud. The insider trading charges will squash the GSA as it stands which is exactly what common need.

With insider trading charges linked to the formation of the POR, the valuation is no longer credible. Its clear to me the SNH's who traded on inside information to seize control of the debt, wanted to hide as many assets from common that they possibly could.

Guess what, they got caught, and time is now on our side. We now control the case, the depositions, the agenda. The PPS does not reflect that, as one poster noted yesterday and I agree 100%. The media still continues to report the ridiculous $7B figure Rosen put out in the GSA POR V1 over 2 years ago.

Its time to end this. Let common exit bankruptcy with the hidden assets, the NOL's, and the cash at JPM + interest to date. Then, lets pursue all the civil matters - or, lets settle.

No more delays, its hardball game on now.
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ZItat juicyjuice1...:

Those who think GSA is live must be living in different world
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ZItat much.faster:

"Let common exit bankruptcy with the hidden assets, the NOL's, and the cash at JPM + interest to date."

thanks, no thanks

let`s add:

the taxrefund 5,0 billion
the missing nols from wmb 2 billion
the cash plus interest 4,5 billion
the boli/coli 4,5 billion
the remaining nols of 12 billion
the tps collaterals of 9,5 - 13,5 billion

and if that`s paid, then we can start to discuss the payment of jpm for the releases, like another 10 billion.
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Zitatende

MfG.L:)

investorshub.advfn.com/boards/read_msg.aspx?message_id=64470893

Zitat warcton:

"the Trust Preferred Holders now seek the right to participate separately in the process, apparently believing that ganging up on the Settlement Noteholders will help extort an even richer settlement."
Page. 3
www.kccllc.net/documents/0812229/0812229110621000000000005.pdf



How rich?
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Zitat Bizreader:

Interesting concept! From www.kccllc.net/documents/0812229/0812229110621000000000005.pdf just posed by warcton. TY

10. As a result, the Trust Preferred Holders are particularly inapt parties to assume the role of securities law enforcer. If discovery continues and expands with respect to the Settlement Noteholders on the baseless theory that participation in unsuccessful settlement
negotiations is permanently restricting, then every party in these Cases that traded after participating in unsuccessful settlement negotiations will have to produce its own trading records and documents reflecting information received during settlement negotiations. The Trust Preferred Holders would be no exception."
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Zitat Lawrence 147:

AURELIUS CAPITAL MANAGEMENT, LP’S OBJECTION TO MOTION TO SHORTEN
NOTICE AND SCHEDULE HEARING ON MOTION OF THE TRUST PREFERRED
HOLDERS FOR AN ORDER COMPELLING OWL CREEK ASSET MANAGEMENT,
L.P., APPALOOSA MANAGEMENT, L.P., CENTERBRIDGE PARTNERS, LP, AND
AURELIUS CAPITAL MANAGEMENT, LP TO PRODUCE DOCUMENTS
www.kccllc.net/documents/0812229/0812229110621000000000005.pdf
this objection is written like it was done by a snarky high schooler, NO FIRE HERE FOLKS nothing to see just pack it up and move along.
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Zitat UncleBo:

Oh my, they took the bait, quote:

"...Having uncovered no wrongdoing, the Equity Committee apparently will
resort to arguing that Aurelius was disabled from trading based on its exposure to certain limited
(and wholly unsuccessful) settlement negotiations during 2009 – information that the Debtor and
its securities counsel determined at the time was not material. Furthermore, if the Equity
Committee’s theory holds any water (which it does not), then all parties who participated in
unsuccessful settlement discussions at any point in the cases and later resumed unrestricted
trading arguably engaged in impropriety as well..."

The judge already told them this is not going to fly back in February.

Uncle
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Zitat fsshon:

Yes she did and this seems to be the case of "throw momma from the Train" and Momma is any of the other funds besides us..

It looks like SG is applying the pressure!
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Zitatende

MfG.L:)

hab das doc mal schnell überflogen. ein teil der punkte wird am 28. juli verhandelt. die restlichen punkte werden an einem noch unbestimmten tag verhandelt.

nur das keine mißverständnisse entstehen. die punkte stehen also noch aus.

salút
p.

#143450

Zitat  aboutback:

hat den Wiki Eintrag bereits löschen lassen :-(((

en.wikipedia.org/wiki/Project_West

Bis jetzt noch nicht.

Aber der BEitrag steht zum "Abschuss".

 allerdings

 kann auch darüber abgestimmt werden.

Jetzt ist es an jedem Einzelnen von uns dagegen etwas zu unternehmen.

Also Link anklicken, kurz durchlesen um was es geht, und wenn ihr denkt, dass die anggebenen Quellen fundiert sind mit maximaler Sternchenzahl positiv bewerten.


Es liegt auch an jedem Einzelnen von uns ob der BEitrag erhalten bleibt oder nicht!!!

Zitatende

 

MfG.L:)

war es ursprünglich glaub ich, warum sieht man die Bewertungen nicht auf Wikipedia

Objection of Aurelius Capital Management, LP to Confirmation of the Modified Sixth Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code
www.kccllc.net/documents/0812229/0812229110622000000000003.pdf

Aurelius hat eine Objection gegen den eigenen POR 6 eingereicht und schreiben, dass dieser doch NUR gut für JPM wäre??

www.kccllc.net/documents/0812229/0812229110622000000000003.pdf

Das GSA und JPM dran oder ??

Long Wamuq Gruss Holzi

[...]The passage of time has rendered the Amended Global Settlement
Agreement with JPMC materially and unacceptably worse for the Debtors, and impermissibly
better for JPMC, than the settlement previously considered by the Court last December and
January. The settlement previously considered by the Court was to go effective by January 31,
2011 – a date integral to the fairness of the settlement. In fact, t[...]

www.kccllc.net/documents/0812229/0812229110622000000000003.pdf

investorshub.advfn.com/boards/read_msg.aspx?message_id=64505690

Zitat uzualsuzpect:

Objection of Aurelius Capital Management, LP to Confirmation of the Modified Sixth Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code

www.kccllc.net/documents/0812229/0812229110622000000000003.pdf
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Zitat uzualsuzpect:

6. In the wake of the seizure and sale of the assets of WMI’s wholly owned subsidiary, Washington Mutual Bank (“WMB”), a multitude of disputes arose among the Debtors, JPMC, and the FDIC, with each asserting billions of dollars in claims against one or more of the others. Central among those disputes were competing claims between the Debtors and JPMC to approximately $4 billion of the Debtors’ funds that were on deposit in accounts (the “Disputed Deposit Accounts”) at WMB and WMB’s subsidiary Washington Mutual Bank fsb at the time of WMB’s seizure.

7. JPMC has been improperly holding those funds since the commencement of these cases and, according to the Debtors’ monthly operating reports, appears to be paying interest at an average nominal rate of 0.20% per annum (for a total of roughly $20 million) since the Petition Date through April 30, 2011.4

8. On April 27, 2009, the Debtors commenced an action against JPMC seeking the turnover of the $4 billion on deposit in the Disputed Deposit Accounts. On October 22, 2009, the Court heard oral argument on the Debtors’ summary judgment motion. While that motion remains sub judice today, the Court was prepared to rule in February 2010. Indeed, Aurelius repeatedly stressed the importance of that ruling to the Debtors and urged them to request that the Court issue its ruling.
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Zitat hotstock19 :

So what do you make of this - Hedgies trying to take pressure off themselves by pressuring JPM?
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Zitat uzualsuzpect:

The deposit is ours. That would open up a whole new game.
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Zitat Bizreader:

Reading this objection the plan is very educational for the new comers here.
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Zitatende


MfG.L:)

Damit wäre dann der POR 6 wohl hinfällig.


HAHHAHAHA Rosen du H******sohn.... :D ;)

Aurelius Decries ‘Shakedown’ As WaMu Creditors Seek To Join Hedge Fund Probe

Jun 22 2011 | 9:43am ET

Several hedge funds are taking aim at four other hedge funds in the wake of the collapsed agreement on Washington Mutual’s exit from bankruptcy.
Black Horse Capital, Greywolf Capital Management and Lonestar Capital Management, among other holders of the former bank’s trust preferred securities, have asked a court for permission to join WaMu’s common shareholders’ investigation of possible insider-trading by the four hedge funds, which helped craft WaMu’s reorganization plan. The group wants the four funds—Appaloosa Management, Aurelius Capital Management, Centerbridge Capital Partners and Owl Creek Asset Management—to hand over documents.
U.S. Bankruptcy Judge Mary Walrath previously gave common shareholders the right to subpoena and depose the hedge funds, and after a deal to settle the insider-trading allegations collapsed earlier this month, common shareholders indicated that they would move forward with the depositions.
The firm of one of the deposed, Aurelius’ Dan Gropper, blasted the preferred creditors and vowed total resistance.
“Aurelius prizes its integrity and reputation,” the New York-based firm wrote in a court filing Friday. “It will not allow its reputation to be so sullied, it will never settle to appease such abhorrent tactics, and it has never supported the settlement with the equity committee recently under discussion.”
“The motion to compel would multiply the millions of dollars in unfair expense and burden already placed upon Aurelius to date by this groundless shakedown operation and is calculated only to create an excuse to delay confirmation proceedings indefinitely until a ransom is extorted.”
Walrath is set to rule on July 13 on WaMu’s current Chapter 11 exit plan, which is opposed by the common shareholders.

www.finalternatives.com/node/...rnatives+%28FINalternatives%29

nein, du interpretierst es nicht falsch.
Er sagt ja dass es für die Schuldner unakzeptabel schlecht ist und für JPM unverhältnismäßig besser.
Der Satz sagt schon viel aus! Das Ding ist wohl vom Tisch...

ein kleiner leckerbissen aus dem einspruch der aurelius (einer "der" hedgefunds):

"Based on the State of Washington’s 12% (per annum) prejudgment interest
rate, that equates to roughly $1.36 billion in prejudgment interest from the Petition Date through July 2011. "

ich glaub, ich hole mir noch ein eis, sonst komme ich wieder in versuchung, etwas zu unseren forumsmärchenerzählern zu sagen, grins.

und, ich finde es ausgesprochen nett, das sogar einer der hedgefunds die frechheit von jpm bemängelt, für das bargeld depot nur die 0,irgendwas % zinsen zu bezahlen.

laut aurelius wären es bei anwendung der zinsrate des staates washington (12%)(ich höre pfandbrief bis hierher schreien, das 12% absolut unrealistisch sind, grins) 1,36 mrd dollar an zinsen, die jpm zu zahlen hätte.

und noch etwas, wenn ich  mir diesen absatz so auf der zunge zergehen lasse, es dürfte doch "nur" noch darum gehen, jpm zum bezahlen zu bringen.

www.kccllc.net/documents/0812229/0812229110622000000000004.pdf

Motion of the Official Committee of Equity Security Holders of Washington Mutual, Inc. et al. for Extension of Time to Object to the Modified Sixth Amended Plan




www.kccllc.net/documents/0812229/0812229110622000000000005.pdf

Motion to Shorten Notice and Schedule Hearing on the Motion of the Official Committee of Equity Security Holders of Washington Mutual, Inc., et al. for Extension of Time to Object to the Modified Sixth Amended Plan

MfG.L:)

der zahlen von yahoo:

the taxrefund 5,0 billion
the missing nols from wmb 2 billion
the cash plus interest 5  billion (old 4,5)
the boli/coli 4,5 billion
the remaining nols of 12 billion

the tps collaterals of 9,5 - 13,5 billion

and if that`s paid, then we can start to discuss the payment of jpm for the releases, like another 10 billion.

sehr breites grins

noch einer aus dem aurelius einspruch:

"Accordingly, at this time, the Amended Global Settlement Agreement should not be
approved as fair unless JPMC provides additional value to the Debtors to compensate for the substantial delays."

"demzufolge, zu diesem zeitpunkt, sollte das Global Settlement Agreement (die umfassende Vergleichsvereinbarung, grins) nicht als fair bestätigt werden, solange jpmc nicht zusätzliche werte an die gläubiger zahl, um für die beträchtliche verzögerung zu entschädigen."

wer hält zur zeit den schwarzen peter?
und wer wird ihn schlussendlich halten?

haben sich das ec und aurelius aber nicht hehe.

während aurelius den por6 quasi ad acta legt beantragt das ec noch eine verschiebung für die einspruchsfrist :-) ich glaube da ist noch luft für ein besser koordiniertes vorgehen!

gruss, delacre.

und geht gar nicht runter

aber richtig hoch gehts ja auch nicht!

mir persönlich wäre ein kurs von 0,50 euro-cent lieber

dann hätten wir wenigstens mal was festes in der hand und könnten mit den amis spielen und nicht immer die mit uns!




isch doch richtig oder!?

da werden ein paar sterne benötigt, grins.

en.wikipedia.org/wiki/Project_West

de.wikipedia.org/wiki/...luenced_and_Corrupt_Organizations_Act
RICO - ACT stellt ein mächtiges rechtliches Hilfsmittel zur Bekämpfung und Verurteilung von kriminellen Aktivitäten von Mobstern und Kriminellen Vereinigungen des Organisierten Verbrechen dar.
Vergessen diese Bankster und ihre korrupten politischen und juristischen Handlanger wirklich, dass sie auf einem schmalen und trügerischen Pfad wandeln, und der RICO-ACT sie nicht in die Glückseligkeit des unermesslichen Reichtums sondern in die gesiebte Luft amerikanischer Bundesgefängnisse führt?
Die Mühlen der Gerechtigkeit mahlen langsam, aber gründlich. Wir müssen Geduld haben, nur nicht vergesslich werden.
Allen Wamuranern weiterhin  schöne und süsse Mitsommernachtträume.
Jopel.
Alles wird gut, in der Ruhe liegt die Kraft.

ApollaRosen an JPM

Jamie.....wir haben ein Problem

lg

messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=2&frt=2

Zitat kingedxxxxx:

...for a way out!

IMO, Aurelius just gave its official warning that they are prepared to take everyone down with them. In their objection, it is clear that they are putting pressure on JPM as well as the debtors and their representation (noted by Much.faster and Woody).

We know that, ultimately, money must come from JPM to end this mess as they are the ones that have taken off with all of the goods. So, for there to be a true GSA, JPM will have to bring enough money to the table to appease equity.

Aurelius knows that they are in serious trouble for IT as well as their involvement with the contrived GSA partially due to pressure by JPM. They also know that their hedge fund buddies and JPM are all guilty to one degree or another. The other three hedge funds have tried to put a deal together with equity, but failed since JPM did not make a move to shut things down before they spiraled out of control. Obviously, JPM did not feel enough pressure. Now, with this objection from Aurelius, JPM risk has increased significantly. First, is the likely demise of the GSA. Once that occurs, it will be a whole new game.
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Zitatende

MfG.L:)