Washington Mutual demanda a la FDIC por 17 billones US$ + daños

http://www.reuters.com/finance/stocks/companyOfficers?symbol=WAMUQ.PK&WTmodLOC=C4-Officers-5

People:
Washington Mutual Inc (WAMUQ.PK)

SUMMARY
Name Age Since Current Position
Stephen Frank 69 2008 Chairman of the Board
Alan Fishman 62 2008 Chief Executive Officer, Director
Robert Williams 50 2008 President
John Maciel 41 2008 CFO, EVP, Controller, Ast. Treasurer, Ast. Sec., General Auditor, Additional Restructuring Officer
William Kosturos 47 2008 Executive Vice President, Chief Restructuring Officer, Secretary
Diane Glossman 2012 Director
Timothy Graham 50 2012 Director
Mark Holliday 43 2012 Director
Phillip Matthews 69 1998 Director
Regina Montoya 54 2006 Director
Michael Murphy 71 1985 Director
Margaret Osmer-McQuade 69 2002 Director
William Reed 72 1970 Director
Orin Smith 69 2005 Director
James Stever 64 1991 Director
Michael Willingham 2012 Director

Glossman, Diane
Brief BiographyMs. Diane B. Glossman, CFA has been appointed as the Director of Washington Mutual Inc. Ms. Glossman has 25 years of experience as an investment analyst, including for Salomon Brothers, Lehman Brothers, and UBS, where she was managing director and head of United States bank and brokerage research until her retirement in 2003. She specialized in money center, trust banks, and broker/dealers, but over the course of her career covered all aspects of the banking and financial services industries. Following her retirement from UBS, Ms. Glossman has served as an advisor and consultant to a number of financial institutions. Ms. Glossman is currently a board member of the Ambac Assurance Company (head of the compensation committee and a member of the special committee and the audit and risk assessment committee), as well as the Board of Directors of the Bucks County SPCA (Treasurer and member of the finance committee; past president). Previously, she sat on the Trustees Board of the SSgA Funds (a member of the audit, governance, valuation, and qualified legal and compliance committees); the Board and finance committee of the Internet payments company E-Charge Corporation; and the Board of the flavorings and botanicals company, A.M. Todd Group (chairman of the compensation committee and acting chairman of the audit committee). During her career as an analyst, Ms. Glossman was a frequent commentator on industry and company events for such entities as The Nightly Business Report, The Wall Street Journal, Financial Times, New York Times, The Economist, CNN, CNBC, and various trade publications

I like it.And she knows whats going on and where the direction.
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Mark E. Holliday
President of Goshawk Capital Corp.

Mark E. Holliday, 43, is President of Goshawk Capital Corp., an investment firm which he founded, and was a partner at Camden Asset Management, LP, a hedge fund focused on convertible arbitrage, from 2003 to 2009. Prior to joining Camden, Mr. Holliday was a portfolio manager at Deephaven Capital Management, LLC from 2001 to 2002 and a principal at Heartland Capital Corp. from 1995 to 2000. Mr. Holliday has served as a director and Audit Committee Chairman of FiberTower Corporation since November 2008 and of YRC Worldwide, Inc. since May 2010. Mr. Holliday formerly served as a director and Audit Committee Chairman of Movie Gallery, Inc., which was the second largest video rental company in the United States, from May 2008 to November 2010, and served as Chairman of the Board from February 2010 to November 2010, and as a director of Clear Choice Health Plans from January 2009 to June 2010. Mr. Holliday also previously served as Audit Committee Chairman for Assisted Living Concepts, Inc., which operated, owned and leased assisted living residences, from 2002 until its acquisition in 2005, and was Chairman of the Board and a member of the Audit Committee for Reptron Electronics, Inc. from 2004 until new equity ownership in 2005. Mr. Holliday also was an Audit Committee member for TELETRAC, Inc. from 1999 to 2001. Mr. Holliday earned a B.A. in economics from Northwestern University.

http://investors.ptgi.com/phoenix.zhtml?c=67300&p=irol-govBio&ID=212291

$15 lo recibiran el primer día tras salir de BK... $100 de aquí a 6 meses sino antes

The only true way JPM/FDIC can guaranty their release is to buy OldCo Equity outright!

JPM must own the entity that can sue them for damages from Project West, COI; WGM, AandM…!!

The FDIC may kick-in some money to help make the deal happen. Like our $6.5B cap-con [WMI to WMB] to JPM to shore up JPM with more cash.

+++$4B deposit + $6.5 CC = $10.5B cash !!

My target is in the +$32B range w/ preferreds included. $15B is only about $8.80 PPS to OldCo commons.

The more I read of the Rule 363 assets sales to JPM. The more the GSA looks like away for JPM to pay WMI for assets taken, or it’s the framework for a complete buyout of WMI.

All IMO.
Thanks Flow.
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Yo no digo que esto vaya a ocurrir pero que 1 día antes de la fecha limite anunciada por Rosen salga Dimon anunciando un $15 Billion buyback solo hace que pensar si al final no habrá un biuen acuerdo a la vista y ese fue el motivo por el que TPS firmo ipso facto. Ya queda 1 día para poder conocer el futuro. Un buen equipo directivo si que tiene WAMU... el futuro espera tras la vuelta de la esquina y no te sofoques Besugo mis preferentes no valdran $5 :) :)

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"I say at the moment as in a buy out of retail in newco - if made by the hedgies - I assume they will pay X dollars for both the retail equity share of newco and the retail rights to any potential overflow of the LT "

The rights to a distribution from the LT are non-transferrable with a few exceptions if one were to pass away. So if the hedgies buy out retail, they're buying out NewCo shares only, not the rights to an eventual payment from the LT.

Mr Simpson todas estas cifras supermillonarias solo te las crees tu y los que las postean, con las P´s a $5, vuelta a los origenes de marzo de 2009 el escepticismo es lo que se percibe.
Por otro lado hablar de que JPM/FDIC van poner mas dinero cuando el POR esta firmado y acordado por todas las partes me parece un insulto a todos los que te han seguido y que estan perdiendo hasta los calzoncillos gracias a tus maravillosas informaciones de cuantificaciones estratosfericas.
Pd. El sofocado eres tu y a los que has llevado al huerto que estan como tomates con las minusvalias en sus cuentas.

WMI WILL ABANDON THE STOCK IN WMB TO FDIC.IF THE SALE IS NOT COMPLETE, FDIC WILL PAY AFTER THE SALE IS COMPLETE IMHO.IT MIGHT PASS/SELL WMB TO JPM AND GET APPROPRIATE VALUE AND TRANSFER THE CASH TO WMI.ITS PRETTY CLEAN AND STRAIGHT FORWARD.
"By this Motion, the Debtors seek, pursuant to section 554(a) of theBankruptcy Code, an order authorizing, but not directing, WMI to abandon all its rights, title,and interest with respect to the WMB Stock to the FDIC, as receiver of WMB, including anyrecovery rights with respect thereto or that derive therefrom that WMI holds in its capacity asshareholder of WMB"

In addition, in contrast to the worthless nature of the WMB Stock (including the WMB Stock Claims), the Debtors may recognize potential tax savings fromincurring a worthless stock loss deduction prior to the Effective Date.

By abandoning the WMBStock prior to, but in the same taxable year as, the Effective Date, WMI and its chapter 11 estate will be able to recognize for federal income tax purposes the precipitous devaluation of theWMB Stock as a loss, a portion of which will not be subject to the annual limitation under theseetion 382 of the Internal Revenue Code. Such lass rnay be carried forward and potentiallyapplied against income in futures years to substantially reduce the tax burden of WMI, as aReorganized Debtor. On the other hand, if the loss (estimated at approximately $5 billion) isrecognized after the Effective Date, it would be useable annually only to the extent of approximately $5 million per year, at best (based on the resulting section 382 annual limitation).
Thus, the Debtors submit that authorizing WM1 to abandon the WMB Stock prior to theEffective Date will enable WMI to potentially recognize significant value
from the worthlessstock deduction.
Page 8/15

http://es.scribd.com/doc/42299211/Washington-Mutual-WMI-MOTION-TO-ABANDON-WMI-S-EQUITY-INTERESTS-IN-WMB

¿JPM iba a pagar?,juas,juas,juas
Se rie a la cara de todos los WAMUSEROS

13/3/2012 JP Morgan se dispara tras subir dividendo

Las acciones del banco estadounidense JPMorgan Chase se dispararon hoy más del 7 % en la Bolsa de Nueva York después de anunciar que elevará su dividendo trimestral hasta 30 centavos. Los títulos del mayor banco por activos de EEUU, uno de los treinta componentes del Dow Jones de Industriales, avanzaban un contundente 7,3 % en la recta final de la jornada para cambiarse de manos a 43,50 dólares. JPMorgan Chase anunció hoy que elevará su dividendo trimestral en cinco centavos hasta 30 centavos a partir del 30 de abril, mientras que tiene previsto una recompra de acciones de hasta 15.000 millones de dólares.

http://www.kccllc.net/documents/0812229/0812229120106000000000006.pdf