WaMu holding company sues FDIC over bank seizure

Inept bankers suing inept regulators to be heard by inept judges. Why do I think this will just be the next (and not final) chapter in the sad story of WaMu?

stand UP JUDGES OF THE LAND OF THE FREE AND THE HOME OF THE BRAVE! SHOW THAT YOU ARE REAL JUDGES!
MAKE THE WRONG NULL AND MAKE THINGS RIGHT!
SOME CROOKS HAVE MADE AMERICA LOOK LIKE SODOM
AND GOMOR . YOU HAVE A CHANCE TO GIVE GLORY TO YOUR PROFESSION . A WHOLE WOTRLD IS LOOKING AT YOU ... MAKE THIS DAY BE A GLORIOUS DAY AND AMERICA WILL AGAIN BE THE LAND THAT THE FOUNDING FATHERS wanted it to be .

It’s my understanding that the WMI lawyers have requested a Jury Trial. I hope that they (Weil, Gotshal & Manges) get it and examine (under oath); Paulson, Bair, OTS Officials & Dimon. I expect them to go for triple damages when it’s proven that the FDIC knowingly (or out of negligence, doesn’t matter) gifted more than the “whole bank” to JPM(c)(Providian for example). I’m not a lawyer but it’s obvious to me that JPMC’s recent Proof of Claim was a joke and a mockery of Judge Walrath’s order.

Abraham Lincoln (attributed):“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.”

It’s that simple folks – FDIC/JPM wants you to believe all was well with the fire-sale of WAMU but the truth is: The FDIC has no idea what they conveyed to JPM and as a result has recently resorted to claims of mismanagement and underfunding in an attempt to “thump their chest in public” even though their own sister agency (OTS) was in the WAMU books for months and said WAMU was well capitalized. And JPM while on one hand says (in public mind you) they paid fair value for the assets of WAMU and their purchase of WAMU brought great relief to JPM and its shareholders (you’d have to read JPM’s Shareholders PR), JPM contradicts itself in its own pleadings to the court saying that if there is a reversal of sorts – JPM stands to lose Billions (with an s) not 1.9 Billion…

I hope and hope for a jury trial – the good thing about Bankruptcy court is that they follow the the letter of the law to a “T”. We may not get triple damages but Paulson, Bair and Dimon will be severely damaged by their own words and actions – God Bless America.

shareholders and bondholders of a company in chapter 11 seeking justice.
and your comment is:

MooDog33 wrote:

Inept bankers suing inept regulators to be heard by inept judges. Why do I think this will just be the next (and not final) chapter in the sad story of WaMu?

either you are stupid or a paid public relation from jpm

Cramer is now saying that the SEC should be investigate for crimes (on his April 20, '09 show) and that he is outraged by what happened to the shareholders. I say why stop there; WMI should subpoena and question under oath :: Paulson, Bair and Dimon...

WaMu was sold to JPM for $2 billion + FDIC guarantees in shady backroom deal, even though WaMu had $4 billion in cash on hand in its own corporate bank account...! Hmmm...

Something stinks to high heaven about this whole WAMU seizure. I am committed to getting to the bottom of it.

FDIC and Chase are happy to pit WAMU former executives, former and current employees, former stockholders and former and current customers against each other, but something is very wrong with this picture.

It's OK to keep blaming WAMU for its lax handling of loans, but a lot of banks were in the same boat.....so why did some get appropriated and others didn't.

Please post any information you know.

May all the Judges of this shit go to Hell!
The corruption is total ...
Isnt even ONE RIGHT Man left in the middle of this?
PRESIDENT OBAMA For Heaven sake ...

DO SOMETHING TO MAKE JUSTICE
Or are you only worried about being popular?
The truth is that the Nobel Prize you won
is NOT UNDERSTANDABLE ,till now you have done NOTHING TO DESERVE a prize ... you are
a puppet of the thieves of Wall Street.
Dont you see that they have robbed a WORLD?
Never mind.
There is a Judge that is not corrupted and He
Knows everything

He Will bring you all thieves and corrupted judges
to justice
You all the thieves and the corrupted judges
will all be punished when the time comes .
Yes, laugh now... say "we robbed them all because
we are smart and they are dumb ,and we intimidated
the judges , and Obama is our puppet ... and nobody
can do anything against us "....

Yes ,say all that ...

but the day will come when you will be PUNISHED...

You will all be punished ...

Sent the crooks to jail for life.

Sam from Connecticut wrote:

Sent the crooks to jail for life.

WaMu crying foul?

THAT is funny!

The history of Wamu brings back to me the theory of Marx. Behold I am not a leftie and I always hated lefties ,but now I see that there was something prophetic in Marx. He used to say that the capitalists will be destroyed by themselves. That one fish will eat the other and so on ,until there will be only ONE BIG FISH and this one big fish will explode and die. Now look what happened in this story : the big FISH from Chase TOGETHER with the big FISH from Wamu TOGETHER with the FDIC ...they made a PLOT and together they robbed
us all and nobody can do nothing ...because the
LAW and the JUDGES protect them and Obama does
nothing . They ROBBED all the people from the United States ...just like Marx prophetized .
They brought disgrace to the United States. Nobody will EVER AGAIN trust in bonds from american corporations. The United States has now a image of
a banana republic... SHAME ON YOU ALL ...SHAME
on you Obama ...that you do nothing ...and only know to smile . History will put you and Bush in a
garbage place .

You know nothing ...you talk about corrupted judges... what do you know about that... Do you think that they buy them with a millon bucks? Come on , don't be so dumb . They buy them with 100 millons if it is needed ...The size of this theft
is SOOOOO BIG that they can buy all the judges
with any price. There is a price for every judge...because at the end of the day they are all prostitutes.They have a prize.You say you can't understand how they are bought ? Of course
they are bought ...I tell you ...every man has a certain PRICE. With all the money that Chase Wamu
and FDIC stole ....... they can buy ALL THE JUDGES
with ANY PRICE and GET AWAY with it .

Judges
Sent the crooks to jail for life. Serve them right.

Please people , watch old movies , like "The Paleface" with Bob Hope , and you will remember that once unpon a time the United States was a blessed country - a light for all the world. Not like now that it is a bag full with CROOKS from the first till the last including their corrupted prostituted judges .
CROOKS -all WAMU
CROOKS -al Chase
CROOKS - all FDIC
CROOKS - the judges of this case.
Obama is a PUPPET of the CROOKS .

I miss Bob Hope.