Wamu WKN 893906 News !

PRIMA!!!!!!!!!!!!!!!!!!!!!!!!

Bei der Untersuchung gegen die 4 Hedgefonds handelt es sich doch um kein “Wunschkonzert“ wo die Settlement Noteholder eben mal ein paar Unterlagen einreichen können, die ihnen gerade passen. Es ist eine von Mary Walrath offiziell genehmigte Motion.

WANN sie gekauft und verkauft haben, das werden sie schon offenlegen. Keine Sorge. Bloß -- das beweist Null.

Da werden noch weitaus mehr Informationen offengelegt werden müssen als nur Kauf- und Verkaufszeitpunkte. Schau‘ dir die Motion vom EC an. Exhibits A-C beziehen sich auf die Document Requests (ab Seite 18).

http://www.kccllc.net/documents/0812229/0812229110118000000000004.pdf

Lg,
Affliction

messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=4&frt=2

Zitat govinsider:

JD's cover is comin undone~

A trend does one make, if it looks like a fraud, acts like a fraud, probably is a fraud...

"Sigma collapsed a year later. Now, new documents unsealed late last month as part of a lawsuit by bank clients against JPMorgan show for the first time just how high the warnings about Sigma went — all the way to the office of the bank’s chief executive, Jamie Dimon.

While the clients lost nearly all their money, JPMorgan collected nearly $1.9 billion from Sigma’s demise, according to the suit. That’s because as Sigma’s troubles worsened, JPMorgan lent the vehicle billions of dollars and received valuable assets in the form of a security deposit.

After Sigma came undone in September 2008, many of those assets ultimately became JPMorgan’s and eventually appreciated in value, giving the bank a large profit, the suit says."



www.nytimes.com/2011/04/11/busine...

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JPM policy on Chinese Walls:

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Zitatende



MfG.L:)

investorshub.advfn.com/boards/read_msg.aspx?message_id=61949470

Zitat MONICALAW:

NYT Eyes a Conflict of Interest at JPMorgan


Shall we just say beginning of the END.

..www.cjr.org/the_audit/nyt_eyes_conflict_of_interests.php




Zitatende


MfG.L:)

Ich hätte nicht gedacht, dass das Atrtribut "witzig" sogar Realität werden könnte, aber das hier hat hohen Unterhaltungswert:

http://www.ariva.de/...KN_893906_News_t364286?page=5210#jumppos130268
Selten gesehen, wie jemand sich so, wie PB jetzt, windet.

Das ist echte Konkurrenz für noenough!


Gruss, St. JCF

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zitat Voltare:

this is good of reading all above mafia jpm alias dimon


New Lawsuit Alleges JPMorgan Executive Told Employees "His View" Was That The Firm Should Trade Against Clients
Courtney Comstock | Apr. 11, 2011, 11:38 AM | 108 |
A A A
x Email ArticleFrom To Email Sent!You have successfully emailed the post.
inShare.1 A new lawsuit filed against JPMorgan says that the bank bet against its clients through repo financing to a SIV, a structured investment vehicle, that its clients were invested in.

A SIV is backed by an assortment of assets. To make money for its investors, it issues commercial paper in order to generate proceeds which are invested in other assets with higher yields.

A group of JPMorgan's clients, the AFTRA retirement fund, invested $500 million in one of these SIVs, Sigma, according to the New York Times.

The group's lawsuit against JPMorgan alleges that even though Sigma was so deeply in debt that it could not afford to issue any more commercial paper, JPMorgan fed it money so that it would stay afloat and keep generating fees for JPMorgan through repo transactions. The repo transactions would earn JPMorgan $2 on every $1 it invested if Sigma defaulted.

The lawsuit includes question-raising emails from JPMorgan execs.

In one, Mark Crawley tells Bill Winters, "There may be an opportunity to use the current volatility to do more repo trades with them which are in effect asset financing at very attractive levels on high quality assets with excellent structural protection (ie lever the structure in place but treat it as a trade rather than 'support' for sigma."

In another, Brian Sankey, who was in the firm's risk department, writes, "We should only do the repo as a stand alone and if we can satisfy ourselves around the legal/rep risk."

In another, Andrew Cox, in the firm's risk management division, asked his boss if they should consider the "firm-wide position," on September 18th 2007,

"I do not believe there is a systemic bank problem with all SIVs going through an orderly liquidation, however is there a system asset management problem (the 'break the buck' argument)?

"I have heard JPM Asset Mgmt are large buyers of SIV and Sigma CP. Do we need to consider the firmwide position? This is most acute with the largest independent SIV manager."



John Hogan

Worst of all, the head of risk management, John Hogan, wrote in response,

"... my view is that we need to protect our position irrespective of the broader 'break the buck' issue or worry about what JPM Asset Mgmt has invested in."


In an update on Sigma financing opportunities, JPMorgan execs acknowledge the risks associated with repo-financing the SIV. The risks they identified are as follows:

Reputation (by association with "sponsorship of Sigma")

Legal (collateral enforcement, litigation)

Gap risk (Asset liquidation risk)

Emails about the risk were circulated as high up as Jamie Dimon.

All of the details and documents are available on the website of the lawyers representing the AFTRA retirement fund suing JPMorgan.

The prosecution is suing JPMorgan for breaching their fiduciary duty.

Here's what the retirement fund alleges in their lawsuit:

Sigma was the largest SIV in the world

"During the summer of 2007, Sigma [managed by the British firm Gordian Knot Limited] was the largest of approximately 30 SIVs in the world. As of July 2007, Sigma had outstanding debt of approximately $52 billion."

JPMorgan kept its clients money invested in Sigma despite warnings

"As early as August 2007, just a few months after [JPMorganChase] invested millions of dollars of [the AFTRA retirement fund's] money in the Sigma MTNs, analysts sounded alarm bells for the health of SIVs. According to Citi analysts... sharp declines in the market value of assets backing many SIVs had already caused forced selling of assets among the world's major SIVs."

JPMorgan kept Sigma afloat regardless of the risks to its clients

"Faced with an inability to issue new MTNs, Sigma was forced to finance its activities using repo transactions which encumbered an overwhelming majority-- ~$25 billion -- of its $27 billion in assets to the detriment of its MTN holders. Sigma's survival was contingent on these repo counterparties continuing to lend money to Sigma collateralized against Sigma's existing asset base."

JPMorgan did this so that it could continue collecting fees and interest

"Despite repeated warnings, JPMorgan continued to invest the AFTRA Plan's assets in Sigma MTNs. Simultaneously, JPMorgan earned fees and interest through its repo financing for Sigma... JPMorgan's financial interest as Sigma's repo financier was in direct conflict with its fiduciary responsibility to the AFTRA Plan."

Sigma ultimately failed

"On September 29, 2008, JPMorgan, one of Sigma's repo countertparties, terminated its repurchase agreement and served Sigma with a notice of default."

And JPMorgan greatly benefitted from its failure

"Sigma's repo funding came with significant terms whereby lenders, such as JPMorgan, were able to demand approximately $2 in collateral for every $1 in financing they provided."

For the latest finance news, visit Clusterstock. Follow us on Twitter and Facebook.

Tags: Wall Street, Legal, Jamie Dimon, Asset Management, Serious | Get Alerts for these topics » Advertisement:


Read more: www.businessinsider.com/...ck+%28ClusterStock%29#ixzz1JFKshHH1

Zitatende
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MfG.L:)

nicht funktionierende Link`s aus dem Post #130280:


www.nytimes.com/2011/04/11/business/economy/11bank.html

graphics8.nytimes.com/packages/pdf/business/0408ExA-O.pdf

graphics8.nytimes.com/packages/pdf/...ess/0408Exhibits1-25.pdf

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graphics8.nytimes.com/packages/pdf/business/0408ExP-T.pdf


MfG.L:)

laso ich fand PB beitrag sehr interessant! um mal die übliche metapher zu verwenden, seine rechtfertigung war wie, "wenn er mit ner hand in ner keksdose erwischt worden ist!"
PB alter hedgie-handlager!

desweiteren glaube ich, dass PB (sollte er kein bezahlter sein), hier mehr geld verloren hat wie die meisten! denn wenn man die zeit, welche er hier verschwendet mal hochrechnet und damit vergleicht, was man in der selben zeit an wert hätte schöpfen können, dann hat er hier kräftig drauf gelegt!

nuja, was solls! insgeheim hoffe ich ja doch, dass er ein bezahlter ist, denn miese gönne ich hier (fast) keinen!

meine Klonks mußten chirurgisch erweicht werden, weil sie gegen das Waffengesetz verstoßen haben. Jetzt sind sie nicht mehr tödlich. Aber noch da.
Ich sitze sie aus.

bist du einer der wirklich bedauernswerten und real geschädigten alt-aktionäre?

zitat"..verfolge hier alles seit August 2008,"
dann mein aufrichtiges beileid
lg hsr

PB alter hedgie-handlager!

Wieso, ich dachte immer, JPM bezahlt mich? Jetzt die Hedgies?

desweiteren glaube ich, dass PB (sollte er kein bezahlter sein), hier  mehr geld verloren hat wie die meisten! denn wenn man die zeit, welche  er hier verschwendet mal hochrechnet und damit vergleicht, was man in  der selben zeit an wert hätte schöpfen können, dann hat er hier kräftig  drauf gelegt!

Naja, aber was, wenn ich die Zeit dazu verwendet hätte, irgendwas anderes zu kaufen, und es wär gefallen statt gestiegen? Na siehste. Wer weiß was ich mir alles erspart habe durch die Beschäftigung mit dem Wamuismus!

insgeheim hoffe ich ja doch, dass er ein bezahlter ist, denn miese gönne ich hier (fast) keinen!

Meine Güte, KOMA. Deine Spende ist jederzeit willkommen. Bezahl mich halt. Keiner hält Dich ab.

ist ein bezahlter BASHER.
Ich habe unlängst schon zum ANZEIGEN aufgerufen, daß die sein HANDWERK gelegt bekommt.

Was nicht ist, das wird noch, evtl. noch zur KRIPO   usw.

ich bezahl doch nicht jede professionelle?!...oder bist du ein professioneller?

falls ja, was kostet denn die stunde? notfalls würde ich dir nen euro für ne parkuhr geben, die hört dir wenigstens ne stunde zu!

ich grüsse Dich - ne ne ganz so schlimm ist es nicht.
Freunde von mir hatten Jobs bei WAMU und machten mich aufmerksam auf deren Verfall, damals hatte ich noch keine Anteile, ich glaub die waren dort so bei 2-3€ also noch nicht
gaaanz im Keller - habe aber natürlich die spannendsten Geschichten und Gedanken
in Erfahrung gebracht und dann meine Meinung gebildet - danach kam ich dann zu dem Entschluss mal ein paar Euro zu investieren - aber im Vergleich zu anderen hier im Tread,
bin ich eher ein Kleinaktionär - Du siehst also hier keinen bedauernswerten altaktionär
sondern eher einen gerechtigkeits-liebenden Beobachter des amerikanischen Schummel- Systems.
( schon meiner Freunde wegen )

gute Nacht

fiat_iustitia

@Pfandbrief:

Richtig, dann ist es gut, dass Sie genau den Wamu Case als Forum nutzen können, um der Politik mal ein wenig "Feuer unter dem Hintern" machen, genau das zu ändern...

"Hedge Funds Gird to Fight Proposals On Disclosure"
online.wsj.com/article/...2748704775604576120342632113436.html

Ob Equity etwas davon hat oder nicht, wird sich meiner Meinung nach erst viel später raus stellen. Aber ich bin davon überzeugt, dass es Equity etwas "angeht".

Short data for Friday, January 14, 2011
 

Symbol	Short Interest	% Change	Average Daily Share Volume	Days To Cover	Source
DIMEQ	1,187,804	222.07 %	1,041,748	1.14	Source
WAHUQ	317	100.00 %	41,780	1.00	Source
WAMKQ	117,925	13.49 %	39,991	2.95	Source
WAMPQ	21,342	12.79 %	13,473	1.58	Source
WAMUQ	48,547,109	0.74 %	3,706,386	13.10	Source

Short data for Monday, April 11, 2011
 

Read this explanation regarding daily short data.

Symbol	Short Volume	Short %	Short Exempt Volume	Total Volume
WAHUQ	700	5.52 %	0	12,687
WAMPQ	1,505	13.39 %	0	11,238
WAMUQ	244,511	18.92 %	0	1,292,152

 

http://www.geishababy.com/WaMu/....aspx?SettlementDate=01%2f14%2f2011

Gruß

Dude44

WaMu sale to JPMorgan is now closed

Puget Sound Business Journal
Monday, April 11, 2011

The sale of Washington Mutual to JPMorgan Chase & Co. closed Sept. 1, 2010, according to the Federal Deposit Insurance Corp., who said today a previous statement that the sale had been extended through October 2010 was incorrect. The Seattle thrift was closed by regulators on Sept. 25, 2008.

Last August, a document surfaced that revealed the two-year-old sale was still pending because of an extension, supposedly one of many. The last time I checked with the FDIC about the status of the sale was early October 2010, and at that time spokesman Andrew Gray said the final closure date had been pushed out another 30 days.
However, that information was incorrect, he told me this week. The last extension had a Sept. 30, 2010 deadline, not Oct. 30, 2010 like he thought. The sale was closed on Sept. 1, 2010, said Gray.

"For some reason I was told that there was a second extension and that was not the case," said Gray in an email.
The terms of the deal remain the same, he said. JPMorgan purchased WaMu's assets for $1.88 billion from the FDIC. Some shareholders held out hope the extension of the sale would mean the purchase price may increase, especially since JPMorgan bought the thrift for a small fraction of its $307 billion in assets at the time it was closed.

However, Gray confirmed the details of the purchase and assumption agreement, which are available on the FDIC website, have not changed. I have submitted a request through the Freedom of Information Act for all the extension documents, and have been told that request will be expedited. I'll post them on our website as soon as I receive them.

Link:
www.bizjournals.com/seattle/blog/2011/04/...is-now-closed.html

Odin

Certification of Counsel Regarding the Order Authorizing Interim Fees and Expenses Requested by Pepper Hamilton LLP in Its Notice of Seventh Quarterly Fee Application Request as Co-Counsel to the Official Committee of Unsecured Creditors for the Period October 1, 2010 through January 31, 2011
www.kccllc.net/documents/0812229/0812229110411000000000011.pdf

Notice of Amended Agenda of Matters Scheduled for Hearing on April 13, 2011 at 9:30 a.m. (EDT)
www.kccllc.net/documents/0812229/0812229110411000000000013.pdf

Odin übersetz mal im Groben.Hier ist nichts abgeschlossen.

investorshub.advfn.com/boards/read_msg.aspx?message_id=61915507

ZItat Large Green:

Preliminary proof of insider trading. NO DOUBT! ALL LONGS READ!

When you start reading PDF pages two through six, it shows the preliminary evidence that Susman already has and please read the foot notes. All longs need to read this NOW and you WILL have a different perspective of what Susman has already done and is doing with the insider trading issue.

Once the crime is proven, I can see NO WAY this Judge can approve a POR based and built with criminal intent. NO WAY, NO HOW this Judge can approve and call this fair and reasonable once the proof is submitted, unless she wants to be part of aiding and abetting bankruptcy fraud. Susman basically shows you the proof in this filing and how he will get the rest through depositions if any is needed.

www.kccllc.net/documents/0812229/0812229110203000000000006.pdf
--------
Zitat von SilverAnt dazu:

Thanks Large Green for calling my attention to this Reply filed by our EC. I have always thought that the EC was going to attempt gain control of the Debtor by showing valuation numbers that puts the EC into the driver’s seat. What really caught my eye was a very small reason/statement buried in this filing. The majority of the filing deals with responding to objections, but the section at the beginning re-states why the EC wants discovery.

We all know that SNH group was very involved in the GSA, and in the creation of the POR. IF the SNH group was in negotiations to take over the assets of the debtor after the bankruptcy was to be completed, then as part of "their" DD they would have valued the assets independently. Because the SNH were part of the GSA, and positioning themselves to take over WMI2, Rosen could have shared the entire asset list with them.

I think this is why Rosen is proceeding so cautiously toward the confirmation hearings, because the SNH group had information on assets that the EC potentially did not know about. Now that discovery is being performed on the SNH, which includes valuation documents (see attached image from filing), I think the EC may now have the information required to assume control.

This is at the top of page six of this document...

www.kccllc.net/documents/0812229/0812229110203000000000006.pdf" rel="nofollow" target="_blank" >insert-text-here <-- (IDK how to get rid of)

Sorry its so big... I will try to make it smaller next time.

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ZItat Large Green:

Backup plan? GSA expired 1/31/2011-FDIC/JPM free to negotiate?

If I am not mistaken the GSA expired 1/31/2011 and all it takes is one of the parties to send a one liner saying they are out. In other words the criminals have been free to negotiate with Equity. This discussion has all gone by the wayside due to the criminals wanting to see if they can get the Judge so sign off on all of this corruption. I feel something is going on and has been going on a while now due to the actions that I have noticed in court as recently as 3/21/2011 and other smaller signs. The discussion on this board had dried up in reference to the expiration of the GSA. While it may have been extended verbally or other, I believe the criminals are still free to negotiate with Equity, where before 1/31/2011 they could not even do that. In other words, surely they have a backup plan.

Now the criminals have to know that the insider trading issue kills the POR as this is a crime and Rosie had access to the 2019 showing who bought what and when. This should be easy for Susman to prove, especially since he was awarded discovery for trading records, dates, time’s third party issues and more. One would have to think the criminals still want this to go away sooner rather than later and they also have to know the Judge cannot approve the POR once Susman enters the evidence of a crime without being complicit to the crime herself. So what do the criminals do? I would think they have to have a backup plan that will include Equity or other.

The criminals have kept these crimes blacked out worldwide for almost three years and I cannot imagine them letting Susman expose all on 6/6/2011. Something HUGE has to give real soon and maybe with one of the two Holidays fast approaching. Even May 13th, 2011 has to be huge as Susman has to show what we are going to oppose, object to, discuss and more, so this filing should be an “eye opener” if we get that far all IMHO!.

Zitatende

MfG.L:)

Muß` das jetzt erst `mal aufwischen, ist doch richtig, oder  ?

Oder sag` noenough, hast Du vielleicht von J.P. Morgan ein  p r i v a t e s  Sonderangebot
bekommen da Du ja so viele Wamu´s in Deinem Depot hattest ? J.P. Morgan könnte wegen der großen Stückzahl ja schon daran interessiert gewesen sein und Du hast heimlich, ohne
uns etwas davon zu sagen, komplett verkauft und bist jetzt bereits auf Hawaii oder den
Cayman`s und stapelst Dein Geld ? - und wir wissen nichts davon ?
Vielleicht läßt Du ja dort schon die Puppen tanzen, aber nein, dass geht ja nicht, Du hast
ja Deine eigene.

Also, wie schon gesagt, melde Dich doch bitte mal -und beruhige uns-, falls Du noch hier
in old Germany weilst ! Danke !

Im Auftrag Deiner Fan`s und der heimlichen Verehrerinnen grüßt Dich lieber noenough
Schwarzwälder

Kauft wahrscheinlich mit dem Geld, dass er von JPM bekommen grade die USA auf.
Ihr werdet sehen, er kürt sich dann zum Präsident zur USA ;-)

Noe lass uns teilhaben an deinen Plänen.

Hoffe du hast dann noch einen Posten, als FED-Präsident für mich ;-)

Und die verhandeln jetzt mit ihm, bzw die haben dass Angebot angenommen und er überlegt oder was man mit uns dem Rest macht ;-)