Wamu WKN 893906 News !

I think the new motion by Quinn to get the entire FDIC case moved into THJMW's court is a tipping point for the FDIC. If that motion is granted and the cases are combined, we could see some serious action on this stock. If the FDIC is drug into this kicking and screaming, it should ignite the media!
Notice I said should! It would definitely ignite the analysts. FDIC is broke and does not have the money to settle anything. A verdict against the FDIC has far-reaching legal ramifications for both the FDIC and JPM.
1. If there is positive verdict in the JPM case, it opens JPM up to future litigation from any shareholders who lost money because of their actions.
2. If their is a positive verdict in the FDIC case, Congress will need to step in and limit the amount of damages that can be taken from them. They prop up and protect the deposits in every single bank in this country and a positive verdict against them should send shock waves across the entire fianancial industry. Watch your financial stock investments if this is coming, because if the public actually finds out the media has been hiding this theft from them, they are going to go BALLISTIC! They will take it out on all players in that industry, not just the Bad Guys! This is why Congress will get involved.
3. If THJMW moves the FDIC case to her court, expect sonmeone to rescue them with a "Big favor" that will need to be returned someday. THe buyer of WMI will say some thing to the effect "This case was not good for the Indsutry, it has been settled for an undisclosed amount!" Something to that effect. Or "We felt the amount to litigate the case, was too much in regards to the potential outcome!"

bei JPM ihren HUT ;-)))


J.P. Morgan Shuffles Executives
Winters, a Potential Successor to Dimon, Won't Get the Job and Is Leaving.

By DAVID ENRICH and MATTHIAS RIEKER
In a rare shake-up inside one of the nation's strongest banks, J.P. Morgan Chase & Co. changed the management of its investment bank, pushing out a longtime executive and igniting a contest to eventually succeed James Dimon at the helm.
J.P. Morgan, which is emerging from the financial crisis as perhaps the industry's premier bank, named 52-year-old Jes Staley as chief executive officer of its investment-banking arm. He succeeds the investment bank's two veteran co-heads, Bill Winters, 48, as well as Steve Black, 57, and who helped the New York company avoid the huge losses that crippled rivals and led the integration of Bear Stearns Cos. after J.P. Morgan bought the ailing firm last year.

Mr. Winters had hoped to succeed the 53-year-old Mr. Dimon as CEO, according to people familiar with the matter. Mr. Winters, who has spent a quarter-century at J.P. Morgan, was surprised this weekend when Mr. Dimon called him in London, where he is based, to inform him that he was tapping Mr. Staley to become the sole head of the investment bank, these people said.

After a brief talk with Mr. Dimon about possibly staying on in a lower-profile job, Mr. Winters, an expert in trading and risk management, told Mr. Dimon on the call that he would prefer to simply leave the company. He is the highest-profile executive to leave J.P. Morgan since Mr. Dimon took the company's reins in December 2005.

Mr. Black previously told colleagues he planned to retire next year. He will stay on as executive chairman until 2010. He wasn't available for comment.