I copied and pasted from WaMuQ Yahoo Board

[nicole...@gmail.com]

From: Nicole - nicole...@gmail.com

With foreclosures at an all time high, unemployment at records levels,
and the dollar competing with the "loonie" of all things, it's no
wonder more and more people are questioning not only the stability but
the sanity of the US government. The casualness with which the
government is spending trillions (yes trillions) of tax payer dollars
certainly isn't helping the situation. If you are tired of your tax
money going to frivolous waste and out of control spending, bad news
is on the horizon: you may be cutting another very large check in the
near future!

On September 25, 2008 Washington Mutual Bank was seized by the FDIC
for reasons of "instability." Within hours, the bank was sold to JP
Morgan Chase for the sum of $1.9 billion. At the time of the sale, not
only was Washington Mutual among the largest banks in the country, but
it enjoyed tremendous name recognition and a banking network estimated
at over 2,000 branches and close to 5,000 ATMs. Most analysts agree
that $1.9B is not even close to fair compensation for a banking
network so well entrenched and almost 120 years in the making. If
those figures weren't troubling enough, proponents of Washington
Mutual assert the bank had close to $307B in assets at the time of the
seizure, was considered "adequately capitalized" by the FDIC's own
standards, had access to a $50B credit line with the FDIC, and had
around $4B in cash assets! In fact, Washington Mutual is so adamant
that an injustice has been performed that they have sued the FDIC
seeking damages in the neighborhood of $40B. If in fact Washington
Mutual is awarded damages for the FDIC's "communistic actions" and
"gross negligence," you can guess who is picking up the tab . . .

Only time will tell if Washington Mutual's lawsuit will stand up in
court, but the preliminary evidence looks strongly in Washington
Mutual's favor. Even the greatest spin doctor attorneys will have
difficulty explaining to a jury the selling of $4B for $1.9B; and yes,
WAMU has requested a jury trial. In addition to WAMU's other
(disputable) assets, the law firm representing Washington Mutual (Weil/
Gotshal) is surely to bring up the fact the JP Morgan offered $8 per
share in April to acquire Washington Mutual, a deal which WAMU
rejected. Thousands lost jobs, tens of thousands lost life savings and
retirements; it seems almost tailor made for a jury trial. The TARP
program being released only 4 days after the seizure was purely a
coincidence . . . wasn't it? Has it been mentioned that the media and
the federal government have been eerily silent on this entire topic?
Confidence boosters for financial stability? Definitely not.

Regardless of the outcome of the case, the end result of the suit is
the continued deterioration of confidence in the US banking system,
the Office of Thrift Supervision, the FDIC, and the Obama
administration and their inability to provide any of the real "change"
US citizens were promised. If Washington Mutual gets the "change" they
are seeking, and most probably deserve, get ready to take out your
checkbook.

At time of publication neither the FDIC nor Weil/Gotshal had returned
a call for comment. Representatives for Washington Mutual shareholders
can be found at www.wamurape.org.

[kacey]

Jsk, dearpica

Why there is no much difference in the price of UQ?



On Apr 19, 9:28 am, "nicole100w...@gmail.com"
<nicole100w...@gmail.com> wrote:
> From: Nicole - nicole100w...@gmail.com

[I love WAMU !]

From: Nicole - nicole100w...@gmail.com

I wish i can give you a good answer, but only thing that i know is the
bankrupt Washington Mutual, Inc. is still fighting with JPMorgan Chase
and the FDIC over there lawsuits. The difference in the price of UQ
may have to do with that, but i'm not sure.

WAMUQ went up a little so far -

WAMUQ (Washington Mutual, Inc.)
0.0600 +0.0070 (13.21%) Apr 23, 3:21PM EDT
Open: 0.06
High: 0.06
Low: 0.05

Volume: 15.46M
Avg Vol: 132.78M
Mkt Cap: 102.32M