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  We all fall down together with this WaMu robbery
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Natasha Fatale  
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(2 users)  More options Jul 3, 10:46 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 19:46:06 -0700 (PDT)
Local: Fri, Jul 3 2009 10:46 pm
Subject: Re: We all fall down together with this WaMu robbery
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Chinese... Japanese... Dirty Knees....

On Jul 3, 10:44 pm, Natasha Fatale


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Natasha Fatale  
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(2 users)  More options Jul 3, 10:46 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 19:46:18 -0700 (PDT)
Local: Fri, Jul 3 2009 10:46 pm
Subject: Re: We all fall down together with this WaMu robbery
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dahhhhhhhhhhhhhhhhhhhhhhlink

On Jul 3, 10:46 pm, Natasha Fatale


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Woody Woodpeck  
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(2 users)  More options Jul 3, 10:50 pm
From: Woody Woodpeck <dothea...@gmail.com>
Date: Fri, 3 Jul 2009 19:50:30 -0700 (PDT)
Local: Fri, Jul 3 2009 10:50 pm
Subject: Re: We all fall down together with this WaMu robbery
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Is that Koi playing the ukelele? He is really good.

On Jul 3, 9:46 pm, Natasha Fatale <kerryjingleheimerschm...@gmail.com>
wrote:


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Natasha Fatale  
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(2 users)  More options Jul 3, 10:52 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 19:52:45 -0700 (PDT)
Local: Fri, Jul 3 2009 10:52 pm
Subject: Re: We all fall down together with this WaMu robbery
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He is good.
Say what they will about you Koi. You have a beautiful voice, and your
music makes me want to cry.

Thank you for sharing your gift.

On Jul 3, 10:50 pm, Woody Woodpeck <dothea...@gmail.com> wrote:


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koi  
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(1 user)  More options Jul 3, 10:59 pm
From: koi <takamiyada...@gmail.com>
Date: Fri, 3 Jul 2009 19:59:38 -0700 (PDT)
Local: Fri, Jul 3 2009 10:59 pm
Subject: Re: We all fall down together with this WaMu robbery
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Right my brother Judge Denny Chin send Medoff 150 years into PP

On Jul 3, 7:42 pm, Woody Woodpeck <dothea...@gmail.com> wrote:


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Subject changed: Hey Koi, Hows That Thai Meth Working Out For You?  
Woody Woodpeck  
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(1 user)  More options Jul 3, 11:03 pm
From: Woody Woodpeck <dothea...@gmail.com>
Date: Fri, 3 Jul 2009 20:03:55 -0700 (PDT)
Local: Fri, Jul 3 2009 11:03 pm
Subject: Hey Koi, Hows That Thai Meth Working Out For You?
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Is that Jack Medoff Koi, Isnt Danny Chin, Chin Ins cousin?

On Jul 3, 9:59 pm, koi <takamiyada...@gmail.com> wrote:


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Subject changed: We all fall down together with this WaMu robbery  
Natasha Fatale  
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(2 users)  More options Jul 3, 11:04 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 20:04:10 -0700 (PDT)
Local: Fri, Jul 3 2009 11:04 pm
Subject: Re: We all fall down together with this WaMu robbery
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me chinese.
me play joke.

me put PP
in your coke.

On Jul 3, 10:59 pm, koi <takamiyada...@gmail.com> wrote:


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Subject changed: Hey Koi, Hows That Thai Meth Working Out For You?  
Natasha Fatale  
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(2 users)  More options Jul 3, 11:13 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 20:13:04 -0700 (PDT)
Local: Fri, Jul 3 2009 11:13 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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whats chin ins?

On Jul 3, 11:03 pm, Woody Woodpeck <dothea...@gmail.com> wrote:


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Woody Woodpeck  
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(1 user)  More options Jul 3, 11:15 pm
From: Woody Woodpeck <dothea...@gmail.com>
Date: Fri, 3 Jul 2009 20:15:51 -0700 (PDT)
Local: Fri, Jul 3 2009 11:15 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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Famous Chinese hacker

On Jul 3, 10:13 pm, Natasha Fatale


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Natasha Fatale  
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(2 users)  More options Jul 3, 11:18 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 20:18:35 -0700 (PDT)
Local: Fri, Jul 3 2009 11:18 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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huh.

On Jul 3, 11:15 pm, Woody Woodpeck <dothea...@gmail.com> wrote:


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Natasha Fatale  
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(2 users)  More options Jul 3, 11:19 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 20:19:10 -0700 (PDT)
Local: Fri, Jul 3 2009 11:19 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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you got a bad star for that one dottie.

On Jul 3, 11:15 pm, Woody Woodpeck <dothea...@gmail.com> wrote:


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Natasha Fatale  
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(2 users)  More options Jul 3, 11:25 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 20:25:07 -0700 (PDT)
Local: Fri, Jul 3 2009 11:25 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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i find no reference to this chinese hacker on google. are you fuckking
with me dottie.
you know how i feel about chinese hackers.

On Jul 3, 11:19 pm, Natasha Fatale


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JusAnotherTrade  
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(1 user)  More options Jul 3, 11:26 pm
From: JusAnotherTrade <dc5ha...@yahoo.com>
Date: Fri, 3 Jul 2009 20:26:26 -0700 (PDT)
Local: Fri, Jul 3 2009 11:26 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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Do you guys ever STFU?
Leave the fkkn internet and go get laid already you fkks.

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Subject changed: We all fall down together with this WaMu robbery  
koi  
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(2 users)  More options Jul 3, 11:26 pm
From: koi <takamiyada...@gmail.com>
Date: Fri, 3 Jul 2009 20:26:59 -0700 (PDT)
Local: Fri, Jul 3 2009 11:26 pm
Subject: Re: We all fall down together with this WaMu robbery
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Server company  in India . JPM moving 20 % work force to India .
What, ? you are  fire

On Jul 3, 7:40 pm, Natasha Fatale <kerryjingleheimerschm...@gmail.com>
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Subject changed: Hey Koi, Hows That Thai Meth Working Out For You?  
Natasha Fatale  
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(2 users)  More options Jul 3, 11:28 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 20:28:09 -0700 (PDT)
Local: Fri, Jul 3 2009 11:28 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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yer turning me on with that dirty talk DC

On Jul 3, 11:26 pm, JusAnotherTrade <dc5ha...@yahoo.com> wrote:


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Subject changed: As a result of this action, shareholders of thousands of companies throughout the world have lost trillions of dollars since.  
koi  
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(1 user)  More options Jul 3, 11:34 pm
From: koi <takamiyada...@gmail.com>
Date: Fri, 3 Jul 2009 20:34:06 -0700 (PDT)
Local: Fri, Jul 3 2009 11:34 pm
Subject: As a result of this action, shareholders of thousands of companies throughout the world have lost trillions of dollars since.
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Washington Mutual Bank (WAMU) shareholders are uniting to challenge
the actions of the FDIC (the Federal Deposit Insurance Corporation)
and JPM (JP Morgan) prior to the seizure of Washington Mutual bank.
Shareholders contend: 1) that these actions were unjustified 2) that
they were unethical 3) that Washington Mutual Bank was not failing.
As evidence of our claims, reports now surfacing indicate the
liquidity of the bank was much better than the public was led to
believe; by most accounts, the bank had enough funds to cover the
withdrawals by depositors.  Washington Mutual executives knew these
facts; however, their claims made days before the seizure that the
bank was in good health were ignored.  We the concerned shareholders
of WAMU contend that the FDIC was not right in doing so and has caused
irreparable harm to the WAMU stockholders, to the banking community
and to the markets in general.  As a result of this action,
shareholders of thousands of companies throughout the world have lost
trillions of dollars since.

The FDIC seized Washington Mutual Bank saying there had been a bank
run amounting to 16.7 billion dollars in 10 days.  The reason this
money was withdrawn from the bank is unknown.  The FDIC saw money
moving out of larger accounts and assumed a run was in progress.  Just
2 weeks before the FDIC seized the bank WAMU had worked out a solid
business plan with the OTC (Office of Thrift Supervision).  At the
time of seizure, WAMU had access to $50 billion in assets: sufficient
liquidity to handle all their obligations.  The situation, however,
seemed different to the FDIC, whose reserves were low as a result of
not collecting insurance premiums from 1996-2006 and the bank failures
in the previous weeks.  Appointed officials at the FDIC were concerned
that if the failure of Washington Mutual was followed by other bank
failures as well, the agency would not be able to handle the
situation.  Despite this concern, the FDIC had the ability to borrow
$30 billion from the Federal Reserve; however, for some reason it did
not do so.  The FDIC’s move was more about protecting the federal
deposit insurance company than about protecting the insured.

In short, the FDIC acted prematurely, behind closed doors.  The
Washington Mutual Executives had no prior knowledge of the FDIC’s
plan. In fact, at the time of the seizure WAMU was in the midst of
sale negotiations with several other banks, and had been given no
deadline by the FDIC to find a buyer.  Despite WAMU’s good-faith
efforts to find buyers, banks which were contemplating buying
Washington Mutual had been notified by the FDIC that the FDIC was to
auction off the bank, again without WAMU’s knowledge.  This FDIC
action prevented a sale from being made.  Even worse for WAMU, behind
closed doors, the FDIC was offering prospective buyers a much sweeter
deal than the ones WAMU was negotiating.  The FDIC arranged for
JPMorgan to purchase the $300 billion dollar corporation for the
bargain price of 1.9.

The FDIC needs to be held accountable for its short sighted action
which has caused havoc throughout world markets.  The FDIC had many
options in the event that WAMU faltered.  The option chosen, seizing
the bank and selling it overnight for a miniscule fraction of its
value in a clandestine deal with JPMorgan, was the worst of any
options they had.  Did the FDIC act appropriately? Most shareholders
don’t think so and they want the FDIC to answer for that.

The result of the FDIC’s hasty and secretive action was that the
shareholders of Washington Mutual Bank lost billions of dollars.
Shareholder portfolios were emptied overnight - because of collusion
between the FDIC and JPM in weeks leading up to the seizure.  Now,
shareholders seek redress.

Never has the law been applied with such disregard for its intention.
Government regulators, supposedly the ones responsible for protecting
us, circulated insider information about the bank to its competitors
and precipitated a catastrophic collapse whose repercussions are still
being felt today.

Coincidentally, JPMorgan has been the institution which has profited
handsomely from these failures.  Coincidentally, the former head of
the SEC (Securities and Exchange Commission) whose role is to oversee
stock trading, works at JPMorgan, and this week was accused of private
conversation causing difficulties that may have resulted in another
recent bank failure, that of Bear Stearns.  JPMorgan has also been
accused of interfering in Lehman Brothers’ access to $5 billion
dollars which helped catapult their demise.  And the company has been
accused of denying WAMU access to $5 billion dollars they had on
deposit with JPMorgan.

Is this coincidence?  We think not.  We demand the FBI and the
legislature thoroughly investigate the relationships and actions of
the OTS , the FDIC, the SEC and JPMorgan management.  We do understand
that the government is currently investigating Washington Mutual, but
we contend these other institutions need to be investigated as well.

One of our goals is that the assets or at least the asset value of
Washington Mutual be returned to the stockholders, just as they were
in the lawsuit filed by First City Bancorporation in 1992.  In that
suit, (1993) the FDIC was forced by the courts to return 145 million
dollars to creditors and depositors, after the seizure of that bank
and its assets.  The same situation happened here.  Consequently, our
members feel that there seems to be legal precedent for holding the
FDIC accountable for their actions.  Holding the FDIC accountable is
exactly what the members of this organization intend to do.

On Jul 3, 8:28 pm, Natasha Fatale <kerryjingleheimerschm...@gmail.com>
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Subject changed: Hey Koi, Hows That Thai Meth Working Out For You?  
Woody Woodpeck  
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 More options Jul 3, 11:47 pm
From: Woody Woodpeck <dothea...@gmail.com>
Date: Fri, 3 Jul 2009 20:47:30 -0700 (PDT)
Local: Fri, Jul 3 2009 11:47 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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You need counseling for that anger management problem DC
haaaahaaaaaaaaaaaaaaaaaaaaaaa

On Jul 3, 10:26 pm, JusAnotherTrade <dc5ha...@yahoo.com> wrote:


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Natasha Fatale  
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 More options Jul 3, 11:58 pm
From: Natasha Fatale <kerryjingleheimerschm...@gmail.com>
Date: Fri, 3 Jul 2009 20:58:20 -0700 (PDT)
Local: Fri, Jul 3 2009 11:58 pm
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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'night dottie

On Jul 3, 11:47 pm, Woody Woodpeck <dothea...@gmail.com> wrote:


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Woody Woodpeck  
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 More options Jul 4, 12:05 am
From: Woody Woodpeck <dothea...@gmail.com>
Date: Fri, 3 Jul 2009 21:05:00 -0700 (PDT)
Subject: Re: Hey Koi, Hows That Thai Meth Working Out For You?
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Yeah Im done too Kerry, too much excitement. Adios Koi, if you see
Dana Plato send her to my house, tell her to leave that little
crackhead Gary Coleman at home. haaahaaaaaaaaaa

On Jul 3, 10:58 pm, Natasha Fatale


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Subject changed: I think its time for a JPM shareholder meeting  
koi  
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 More options Jul 4, 12:09 am
From: koi <takamiyada...@gmail.com>
Date: Fri, 3 Jul 2009 21:09:40 -0700 (PDT)
Local: Sat, Jul 4 2009 12:09 am
Subject: I think its time for a JPM shareholder meeting
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I think its time for a JPM shareholder meeting, and serious
accusations and lies have been given... this counterclaim alone should
be well understood by Jamie Dimon and he should by law make his
shareholders aware of the liability JPM inherited with this P&A
agreement.

Dimon could be ousted if a big enough group sought answers... (but
they have to be JPM shareholders)

On Jul 3, 9:05 pm, Woody Woodpeck <dothea...@gmail.com> wrote:


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Subject changed: 大家知道的滑稽故事  
koi  
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 More options Jul 4, 2:08 am
From: koi <takamiyada...@gmail.com>
Date: Fri, 3 Jul 2009 23:08:20 -0700 (PDT)
Local: Sat, Jul 4 2009 2:08 am
Subject: 大家知道的滑稽故事
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日本人大家知道的滑稽故事

On Jul 3, 8:34 pm, koi <takamiyada...@gmail.com> wrote:


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Subject changed: Osama love Shila Bair  
koi  
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 More options Jul 4, 11:50 am
From: koi <takamiyada...@gmail.com>
Date: Sat, 4 Jul 2009 08:50:55 -0700 (PDT)
Local: Sat, Jul 4 2009 11:50 am
Subject: Osama love Shila Bair
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WaMu win Justice will send BAC to $30 - 40 / Must Read ( Very Long
Typing)

116523.  koi    View profile
  (1 user)  More options Jul 3, 7:24 pm

From: koi <takamiyada...@gmail.com>
Date: Fri, 3 Jul 2009 19:24:10 -0700 (PDT)
Local: Fri, Jul 3 2009 7:24 pm
Subject: WaMu win Justice will send BAC to $30 - 40 / Must Read
( Very
Long Typing)
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WaMu
http://www.patenthawk.com/blog/2009/04/wamu.html
Washington Mutual (WaMu) is a poster child of the mortgage-lending
irrational exuberance that led to the current economic depression. A
run on the bank last September led to its wrenching government-
mandated rescue by JP Morgan Chase. WaMu was the biggest bank failure
in U.S. history, and was sold in a hastily arranged wamu-bam-thank-
you-
man auction. WaMu is now suing the FDIC, for selling it off for only
$1.9 billion, claiming it had no such right. Meanwhile, JP Morgan has
filed its own suit, seeking title to disputed WaMu assets, including
its tiny portfolio of eight patents granted and pending, as well as
over 300 domestic and international trademarks, and 1,300 Web domain
names. The Delaware district court judge handling WaMu's bankruptcy
case has given WaMu permission to hire a consulting firm to valuate
the bank's IP assets.

Posted by Patent Hawk at April 16, 2009 10:11 PM | Patents In
Business

Comments
http://wamustory.com/

http://wamuqd.com/

Posted by: HROLLER at April 20, 2009 2:11 PM

On Thursday September 25th 2008, Washington Mutual Inc aka WaMu Inc.
or WMI or WaMu, common shares trading under the symbol WM, opened at
$2.62, rose to $2.69 within the first hour, and then fell on average
for the rest of the day and closed at $1.69. In after hours trading
it
quickly dived without stopping to as low as $0.09 and then closed a
couple hours later at $0.16. Take note it fell 90.5% just in after
hours. During the regular day it fell 35.5%. For the entire day it
fell 93.89%. All these percentages are based on the open, and
excluding the pre-market trading data, which I do not have. For the
day, the DJIA rose 196.89 points, and closed at 11,022.06

Clearly anyone who held WaMu through the day experienced a financial
wipeout in their position. What caused this wipeout? In a statement
issued on the night of September 25th the Office of Thrift
Supervision
(OTS), an office of the US Treasury, said “An outflow of deposits
began on September 15, 2008, totaling $16.7 billion. With
insufficient
liquidity to meet its obligations, WaMu was in an unsafe and unsound
condition to transact business. The OTS closed the institution and
appointed the Federal Deposit Insurance Corporation (FDIC) as
receiver. The FDIC held the bidding process that resulted in the
acquisition by JPMorgan Chase.” (link). WaMu had been sold and
seized.
The process of selling and seizing WaMu had actually begun prior to
September 15th, reportedly having been started during the first week
of September, 2008.

Washington Mutual Inc is a bank holding company that owned two banks,
the Washington Mutual Bank, Henderson, NV and a subsidiary of that
bank, Washington Mutual Bank, FSB, Park City, UT. The first mentioned
bank was the main banking operation, and the focus of everyone's
attention. Both banks received the same treatment simultaneously on
September 25th, 2008. For brevity they are usually referred to
singularly as the Washington Mutual Bank aka WaMu Bank or WMB or
WaMu.
For the rest of this text this convention will be followed and they
will be referred to as one enterprise and principally referring to
the
vastly larger Henderson NV incorporated bank.

Seventeen days earlier on Monday September 8th, the Board of
Washington Mutual removed CEO Kerry Killinger due to losses from
subprime mortgages and credit card loans and replaced him with Alan
Fishman. WaMu simultaneously announced (link) that they had
negotiated
a Memorandum of Understanding with the OTS concerning aspects of the
bank’s operations. It concluded with this sentence. "The business
plan
will not require the company to raise capital, increase liquidity or
make changes to the products and services it provides to customers."
WaMu's new CEO Alan Fishman was experienced in bank mergers. In 2004
as CEO of Independence Community Bank Corp he completed a merger with
Staten Island Bancorp, Inc and then in 2006 he worked out the well
executed sale of Independence Community Bank Corp to Sovereign
Bancorp. His employment and hefty salary with WaMu were seen as an
indication WaMu was setting itself up for a merger.

For the ten days prior to the seizure WaMu experienced an
acceleration
of withdrawals, and corresponding draw downs in its liquidity, that
the regulators at the OTS and FDIC say justified a seizure of the
bank. The accounts that withdrew were mostly large retail accounts of
over $100,000, which at the time was the FDIC insurance maximum.
These
accounts were used primarily for payroll purposes. These accounts
were
mostly in California, where the memory of the IndyMac bank seizure
was
likely on their minds. The speed and amounts withdrawn do not qualify
as a bank run, as a bank run is a complete wipeout of deposits over a
few days. At most it could be characterized as a walk on the bank.
The
withdrawals were done by electronic banking over the internet and by
wired funds. It was not in the news, people were not lined up outside
the bank. WaMu was the largest thrift or savings & Loan in the
nation,
and the sixth largest bank by deposits. They had 2,239 branches in 15
states, concentrated in the west and south. They were large enough
that the Federal Reserve assigned them onsite full time bank
inspectors to monitor, among other things, liquidity levels. The
Federal Reserve was witness from beginning to end of the liquidity
draw down.

A walk on a bank, is a mild form of a run on a bank. Bank runs were
typical of the great depression which started in 1929. Customers
wanted their cash in their hand, because if a bank died and locked
its
doors, their cash would be forever beyond their reach. Bank runs have
an effect on the public and the government that tends to snowball and
be a self fulfilling prophecy. If a new bank has a problem, because a
bank run has happened recently, it may be happening again now, so
they
do a run on that bank etc. Bank runs close banks down, and draw their
cash down to zero. A slew of bank runs that closes banks down is
known
as a bank panic.

In response to the bank panics of 1929 and the early 1930's, in 1933
the government created the Federal Deposit Insurance Corporation
(FDIC). The FDIC is a government corporation that provides insurance
on bank deposits. The primary reason for creating the FDIC was to
prevent bank runs, from the demand side, depositors demanding cash
all
at once at the bank, which had been the typical bank run scenario in
the depression of the early 1930's. The mechanism to do this was
deposit insurance so that even if a bank locks its doors, your
deposits are covered up to the insurance maximum and you will be paid
your money from the insurance fund. At the time of the WaMu seizure
the insurance covered up to $100,000. In large part due to the WaMu
catastrophe the FDIC has implemented a temporary increase in the
amount of deposit insurance, and it is now $250,000 until Dec 31,
2009, unless extended. The Chairman and four Board of Directors of
the
FDIC are all appointed by the President and confirmed by the Senate,
with no more than three being from the same political party. The FDIC
is self funded through its insurance premiums, which are paid by the
banks. The FDIC has an immediate $30 billion line of credit with the
US Treasury, and procedures are in place if more credit is needed.
From 1996 - 2006 the FDIC waived the collection of the bank insurance
premiums as it was at the upper limit of its legal reserves.

The Federal Reserve system was created in 1913. One primary reason
for
creating the Federal Reserve was to prevent bank runs, from the
supply
side, the running out of cash at the bank, which had been a problem
causing bank runs in the recession of 1907. The mechanism for doing
this is by the banks loaning liquidity to each other in a process
called Federal Funds, which is short for Federal Reserve Funds. Then
there is a process of a bank borrowing straight from the Federal
Reserve called the Discount Window. The Federal Reserve is a private
corporation whose stockholders are the biggest banks in the country.
The Chairman and the six Board of Governors of the Federal Reserve
are
all appointed by the President and confirmed by the Senate. This is
the legal extent of the Governments involvement with the Federal
Reserve. Thus the government has weak control over the actions of the
Federal Reserve. All banks in America are members of the Federal
Reserve System. All paper money is printed by the Treasury per the
amounts ordered by the Federal Reserve. All electronic money, wires,
credit cards, debit cards etc and all check book money, is under the
monetary policies of the Federal Reserve. The Federal Reserve
controls
how much money, (cash, electronic, check book) banks have on hand
through its regulations and membership requirements. It maintains
this
flexibility so that it may meet the liquidity demands of banks.

WaMu was the largest thrift in America and part of the Federal
Reserve
System. WaMu had some no pay and slow pay mortgage loans, like most
banks in America today. These loans were not an overwhelming problem
for WaMu, as they had enough cash reserves on hand to last two years
at the current bad loan rate.

On Jul 3, 8:26 pm, koi <takamiyada...@gmail.com> wrote:

...

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