Wamu WKN 893906 News !

bevor ich bei walrat ein "good" (siehe kommentar von fish) vorne hinsetze, müssen noch einige dollarmilliarden fliessen, und zwar in aktionärsrichtung.

aber eine echte bewertung ihrer assets durch wmi wäre mal ein anfang, da könnte man (solomon oder aktionäre) dann relativ leicht einhacken, wenn diese wi zu erwarten falsch ist.

ich befürchte nur, dass das der anfang vom ende ist, ein völliger freispruch für die gauner von jpm und fdic, während die werte, die wmi momentan hat, auf die aktionäre aufgeteilt werden.

das könnte, falls es mit rechten dingen zugeht, durchaus bis zu den stammaktionären durchgehen, allerdings nicht in dem aussmass, wie wenn jpm für ihr verbrechen bezahlen hätten müssen.

was meint ihr wie es in den nächsten tagen weiter gehen könnte???

Washington Mutual (WAMUQ:$0.0480,$0.0040,9.09%) agreed to add information that spells out the financial impact of a potential finding that some or all of the hedge funds profited based on confidential Chapter 11 data to materials that creditors will review before deciding how to vote on the plan. The company has set a May 2 date to seek confirmation of its revamped plan.
In rejecting Washington Mutual's (WAMUQ:$0.0480,$0.0040,9.09%) original Chapter 11 plan, Walrath said the insider-trading allegations, if proven, could warrant a cut in the interest rate some creditors expect to receive. Washington Mutual (WAMUQ:$0.0480,$0.0040,9.09%) has agreed to give senior creditors their contract rate of interest, rather than the minimum required federal judgment rate of interest.
If the shareholders turn up proof of insider trading and the interest rate picture changes, Aurelius likely will switch its vote to a "no" on Washington Mutual's (WAMUQ:$0.0480,$0.0040,9.09%) Chapter 11 plan, said Thomas Moers Mayer, an attorney for the hedge fund with Kramer Levin Naftalis & Frankel.
Monday's ruling moves Washington Mutual (WAMUQ:$0.0480,$0.0040,9.09%) a step closer to ending its stay in bankruptcy, which began in September 2008 when regulators seized WaMu. The mortgage-stuffed thrift was teetering on the brink of collapse, regulators said, and had to be put into safer hands immediately.
J.P. Morgan Chase & Co. (JPM) bought WaMu and, along with the Federal Deposit Insurance Corp., got caught up in a storm of legal trouble over WaMu's collapse. Washington Mutual (WAMUQ:$0.0480,$0.0040,9.09%) , J.P. Morgan and the FDIC eventually agreed to a settlement that forms the core of the Chapter 11 plan Washington Mutual (WAMUQ:$0.0480,$0.0040,9.09%) wants to see put in place.
Recent changes cut the amount of cash that will be paid out immediately if the plan is approved because the company decided to reserve funds for ongoing tax fights. Washington Mutual (WAMUQ:$0.0480,$0.0040,9.09%) says it expects to win those fights and pay off much of its debt, with interest. Shareholders are slated to get nothing under Washington Mutual's (WAMUQ:$0.0480,$0.0040,9.09%) Chapter 11 plan.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection.)
-By Peg Brickley, Dow Jones Daily Bankruptcy Review; 302-521-2266; peg.brickley@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: www.djnewsplus.com/nae/al?rnd=27gqILd2hMw0EX995nLy%2BA%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
03-21-111420ET
Copyright (c) 2011 Dow Jones & Company, Inc.



Get more news on:SYMBOLS: JPM, WAMUQNEWS TYPE: Top Stories: General, Top Stories: Investing, Top News, Corporate EventsSECTORS: Commercial Banks, Thrifts and Mortgage Finance, Financials

guckst Du hier

http://www.ariva.de/...KN_893906_News_t364286?page=5145#jumppos128648

einfach unglaublich was pöngjang immer wieder leistet.
stellt neue doks um 2.00 Uhr ein, schläft 4 Stunden und hat um 6.00 Uhr schon die nächsten posts eingestellt.
für mich bist du WAMUaner des Jahres
chapeau

das unser Mitstreiter "Fish/DON" aus dem I Hub immer ein "bischen" euphorisch in seiner verbalen Darstellung rüberkommt, wissen wir doch mittlerweile ;)

also, der Weg ist das Ziel ...immer mit der Ruhe (...ich hab Zeit)

MfG.L:)

Danke, hatte ich nicht gesehen. Bin auch wieder weg.

zu sehen wie wir Commons immer näher ans Ziel kommen, ein guter Tag heute!

Wahrheiten kommen ans Licht, auch wenn es nicht alle sind (oder etwa doch).

Cubber

investorshub.advfn.com/boards/read_msg.aspx?message_id=61184952

ZItat uzualsuzpect:

Can you verify the DS being sent out for vote my dear?

TIA!!

investorshub.advfn.com/boards/read_msg.aspx?message_id=61184681
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investorshub.advfn.com/boards/read_msg.aspx?message_id=61185559

Zitat Ilenes:

I gotta tell you...I feel like Peg and I were sitting in different court rooms!!

The fact is, there is no clear mandate for when the modified DS will be sent out, and JMW added a number of items that the Debtor needs to add/amend/clarify before it can go out.

There is likely some time before that would happen, since Debtors need to draft changes and circulate, and then have certification from the various attorneys/parties that the objections were adequately remedied.

In short, the modified DS that will go out (and it was not denied, per se) will look only a little like the ones we have already seen.

NOL's and their affects, subsidiary valuations including real estate, and any transaction which might generate a taxable effect need to be disclosed, as well as the range (hi/low) of distributions based on contract vs fjr.

Ilene

ZItatende

ich hab käsepappelblättertee, grins

aber scherz beiseite, so wie diese verhandlung (jetzt nur im ersten eindruck, das kann sich noch ändern) gelaufen ist, schaut es tatsächlich so aus, als ob jpm und fdic von der schippe sind, einen perfekten persilschein erhalten und freilaufen.

ich hoffe zwar noch, das das nicht zutrifft, aber mit wehmut und wenig zuversicht.

und das würde bedeuten, dass wmi/rosen sich mit den aktionären um die reste streitet.

das sollte bei einigermassen ordentlichem ablauf ein schöner batzen sein, wmi zur zeit liegt bei etwa +- 0 (mit den zusätzlichen steuerrückzahlungen) und sollte etwa 10 mrd dollar an steuervorträgen zur verfügung haben.

wenn man den finanziers eine beteiligung um die 10% anbietet, könnte für die aktionäre etwa 9 mrd übrigbleiben. nach abzug der vorzüge (da könnte es noch interessant werden, da ja ein teil der tps halter mit einer abfindung durch jpm (die berühmten 50 mio)  könnte durchaus noch etwas für die stammaktionäre übrigbleiben.

allerdings bin ich, was das "mit rechten dingen" zugehen bei walrat und ihren mitläufern angeht, skeptisch.

www.viewip.net/WMI/Hearing/audio/20110321.mp3

Response of JPMorgan Chase Bank, N.A. to Motion of the Federal Deposit Insurance Corporation, as Receiver for Washington Mutual Bank, for an Order Modifying the Automatic Stay
www.kccllc.net/documents/0812229/0812229110321000000000002.pdf

I gotta tell you...I feel like Peg and I were sitting in different court rooms!!

The fact is, there is no clear mandate for when the modified DS will be sent out, and JMW added a number of items that the Debtor needs to add/amend/clarify before it can go out.

There is likely some time before that would happen, since Debtors need to draft changes and circulate, and then have certification from the various attorneys/parties that the objections were adequately remedied.

In short, the modified DS that will go out (and it was not denied, per se) will look only a little like the ones we have already seen.

NOL's and their affects, subsidiary valuations including real estate, and any transaction which might generate a taxable effect need to be disclosed, as well as the range (hi/low) of distributions based on contract vs fjr.

investorshub.advfn.com/boards/read_msg.aspx?message_id=61185711

ZItat

From Mary on Y...

I couldn't listen to the hearing but if the ruling/order from the court is asking for a valuation, that can only be good for equity. Why now? Perhaps the court is becoming suspicious. The debtors replied a couple of weeks to the Schorp objection regarding the 2nd and Union subsidiary and their reply was amazingly weak: two old unofficial redacted documents from 2002 and 2003...nothing more...for a 6-figure asset value.

The debtors have never, to my memory, ever said that they didn't own any assets other than what they've listed on the MORs. The MORs list liquid assets but don't have anything for non-liquid assets, non-debtor subsidiaries, etc. They are unaudited and incomplete...and the court is perhaps looking for more. The debtors have always implied that all of the significant assets went with WMB...but they have never actually SAID that anywhere that I can recall. We, the court, and the investment community have been happy to let the debtors string us along with what we wanted to believe...but there was enough smoke raised at the hearing and in the runup to the hearing to trigger the court's response.

The debtors apparently think that Peter J. Solomon's valuation will agree with what they've been saying based on the assumption that if it did not, the EC would have bashed them over the head with it. Since the EC did not, the debtors want the PJS valuation...but it might not be as helpful to the debtors as they think. Susman is a master at the last minute surprise bombshell.

messages.finance.yahoo.com/...08308&tof=8&frt=4#708308

ZItatende

MfG.L:)

das den jetzt bedeuten, oder besser gesagt wie könnte es jetzt weiter gehen??

dann dieser Schlußsatz auf wo:


Das ganze ist nur deswegen ärgerlich, weil das möglicherweise wieder zu einer millionenteuren Verzögerung um Wochen führt. Aber so ist es halt.

leider keine Ahnung..........war beim Elternabend und somit nicht per Chat dabei....

A group representing major commercial banks had asked the high court to reverse a ruling by a federal appeals court that required disclosure of the lending records.

The justices rejected the banks' appeals. The Obama administration said the appeals should be denied.

It said the financial overhaul law adopted last year set new standards on releasing information about emergency lending programs and the law required the disclosure in December of much of the data at issue in the cases.

Bloomberg LP, the parent of Bloomberg News, and News Corp's [NWS  17.70     0.55  (+3.21%)   ] Fox News Network had sought the bailout details under the federal freedom of information law, which requires government agencies make certain documents public.

The two news organizations opposed the appeals, telling the Supreme Court the appeals court decision was correct on the merits and that further delay in releasing the remaining records would be unwarranted under the law.

The appeals court ordered the disclosure of borrowers' names, loan amounts and loan dates for transactions at the Fed's discount window and from its emergency lending facilities.

The Clearing House Association, representing the largest commercial banks that hold more than half of all U.S. deposits, appealed to the Supreme Court, arguing that the emergency lending data should be kept secret.

It said the appeals court ruling threatened numerous federal programs that depend on keeping commercial transactions confidential and could unjustifiably harm the reputation of banks that borrowed from the Fed's discount window.

www.cnbc.com/id/42193298

investorshub.advfn.com/boards/read_msg.aspx?message_id=61183933

ZItat uzualsuzpect:

Califano did say they dont care about the money.... Well, pay for the FDIC-C releases now Califano!! That is after we determine what WMI's assets are!
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ZItat Fish:

I have a strange feeling that is what will happen in Mediation. It is getting very interesting. Who will hold the FDIC Corp claim. Reorg WMI or the Liquidating Trusts?
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Makes you wonder who is controlling these press types. Thanks Ilenes. that is exactly what I heard also..Delayed until the Objectors are addressed and valuations are performed. Maybe they will all just go into Mediation or a "Settlement Conference" and we can get on with our lives.

Thanks Ilenes

~Don~
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Zitat Ilene:

You're welcome...everyone...

It was a good day today. Excellent points were made by some incredibly well informed, well prepared and conscientious shareholders. On every objection proffered by a shareholder, JMW was taking notes, and you could see her connecting the dots as the hearing went on.

Even though she didn't outright deny the DS, with the additional information she has ordered to be included, I believe that we will begin to see the trickle down effect. Rosen knows this too, which is why he was so vociferous in his argument. There were some wonderful looks on his and his co-counsel's faces during the hearing.
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and I have to say that Peg was present in the courtroom today...as opposed to mishearing what was said on the phone
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there is another omnibus hearing next week. not sure off the top of my head what the day is, but I expect that its already on the calendar in the Ibox
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today I was bench warming...we had some excellent representation in court and even elicited a kudos from Art Steinberg for all of them (all of us) doing such great work!!
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Zitat Fish:

That is Awesome because he is by far one of the most experienced and colorful attorneys in this case. I listen intently when he speaks. Well versed adn respected by this Judge.

Kudo's to all the shareholders for speaking and Kudo's to THGJMW for listening to them and then addressing their concerns in her ruling.
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MfG.L:)

ist unser WamuBOT :)

man Pjong du musst doch Augenringe, die so dunkel sind wie meine Rosette :)

Respekt !!

Washington Mutual agreed to add information that spells out the financial effect of a potential finding that some or all of the hedge funds profited based on confidential Chapter 11 data to materials that creditors will review before deciding how to vote on the plan. The company has set a May 2 date to seek confirmation of its revamped plan.

In rejecting Washington Mutual’s original Chapter 11 plan, Walrath said the insider-trading allegations, if proven, could warrant a reduction in the interest rate some creditors expect to receive. Washington Mutual has agreed to give senior creditors their contract rate of interest, rather than the minimum required federal judgment rate of interest.

If the shareholders turn up proof of insider trading and the interest rate picture changes, Aurelius likely will switch its vote to a “no” on Washington Mutual’s Chapter 11 plan, said Thomas Moers Mayer, an attorney for the hedge fund with Kramer Levin Naftalis & Frankel.

Monday’s ruling moves Washington Mutual a step closer to ending its stay in bankruptcy, which began in September 2008 when regulators seized it. The mortgage-stuffed thrift was teetering on the brink of collapse, regulators said, and had to be put into safer hands immediately.

J.P. Morgan Chase & Co. bought WaMu and, along with the Federal Deposit Insurance Corp., got caught up in a storm of legal trouble over WaMu’s collapse. Washington Mutual, J.P. Morgan and the FDIC agreed to a settlement that forms the core of the Chapter 11 plan.

Recent changes cut the amount of cash that will be paid out immediately if the plan is approved because the company decided to reserve funds for ongoing tax fights. Washington Mutual says it expects to win those fights and pay off much of its debt, with interest. Shareholders are slated to get nothing under Washington Mutual’s Chapter 11 plan.



chicagobreakingbusiness.com/2011/03/...-chapter-11-hurdle.html

Ich glaube du hast dich verlesen. Ich seh da nur 29.000 Sterne und das spricht für sich...