Some things bothered me...so went back and read some recent filings...seems OTS may have turned over some information...info that many of us on this board for 18 months knew they had. This is all my opinion of course.
Confidentiality Stipulation and Protective Order - Filed on Dec 11,2009
Approved by THJMW on Jan 28, 2009
Feb 18, 2010 Amended Confidentiality Stipulation and Protective Order - Filed. Read it...why does it seem like OTS is the issue and main focal point.
http://www.ghostofwamu.com/documents/09-50551/09-50551-0178.pdf
page 5 (f) all about OTS
page 24 (21) speaks of Highly Confidential information...can't be filed, if filed under seal
page 27 (30) can be offered as evidence in trial
page 28 (33) Unpublished OTS information shall be returned and destroyed within 60 days after final determination...
Order Signed by THJMW on Feb 19, 2010 - Fast sign by the judge...did they know what would be released the next day when they filed the above amended motion...and needed the Judge's signature...because on that same day...
Feb 19, 2010 Notice of Production of Documents...from OTS and TPG. Read what they are asking for and probably received.
http://www.ghostofwamu.com/documents/08-12229/08-12229-2394.pdf
http://www.ghostofwamu.com/documents/08-12229/08-12229-2395.pdf
One stipulation and protective order was in place...the amended one seems directed at OTS documents in itself, because it failed to mention other parties who have turned over documents...or will do at a later date. I know some may say that this is standard operating procedures...but why an amended one just for OTS documents. When you read again what was requested for...in the body of language of the above two Production of Documents from OTS and TPG...it will put a smile on your face. Read it well...in my opinion those two parties have the most to add to the seizure and events that led up to it. The OTS...well, well...we know what they have...right longs?
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Great work! Thanks for investigating this and pointing out the details. This is sooo interesting. To summarize for slow readers and/or thinkers:
There was already a confidentiality agreement entered into the record in December, but inexplicably a new agreement was presented to and signed by Judge Walrath on Feb. 18th. A line-by-line comparison results in the conclusion that the only changes in the new order were designed to further fine-tune the process to protect OTS documents, which are always considered sensitive and confidential, from inadvertent public disclosure. Now, literally on the heels of that, on Feb 19th, Quinn Emmanuel filed a notice to all parties that it had subpoenaed (pursuant to Rule 2004, the section allowing WMI to investigate misdeeds by JPM) virtualy all conceivable documents from OTS (and TPG!) regarding all communications by and between those entities and every possibly involved entity regarding the OTS and FDIC processes leading up to WMB's seizure and JPM's acquisition of WMB.
(Read the first subpoena, aimed at OTS, for the details. The entities whose communications are at issue includes Banco Santander, Blackstone, Carlyle, Cerberus, Citigroup, S&P, Fitch, FGoldman Sachs, JPMC, FDIC, Federal Reserve, Lehman Bros., Morgan Stanley, Oak Hill, RTC, TD Bank, Wells Frargo, and others.)
This means that Quinn is now aggressively pushing to further investigate the conspiracy allegations made in the Texas action, thereby racheting up the pressure on JPM and FDIC in the BK case. One can also infer that OTS had already assembled the documentation, but delayed handing it over until the confidentiality agreement was fine-tuned at the last minute. Therefore, one can assume that Quinn now has or soon will have all the documents requested.
The battle continues. . .