Washington Mutual – True Story! The Prospect Of Several 100% Profit?

December 12, 2014

News

Comments Off on Washington Mutual – True Story! The Prospect Of Several 100% Profit?


\”\” \”Court decision on $4Mrd at the 04.03.2010 on September 25, 2008 Washington Mutual Bank, WMB\”, was by the Federal Deposit Insurance Corp. FDIC \”closed and a few hours later to JPMorgan Chase & co., JPM\” sold for 1.9 billion. All parties were happy, except for the creditors and shareholders of Washington Mutual Bank and Washington Mutual Inc, WMI\”, the parent company of WMB. The case became WMu case\”referred to. In March 2009 began an exciting process before the bankruptcy court in Delaware, with outgoings against JPM and FDIC. First court documents prove, WMB was not insolvent at the time of the intervention of the FDIC, according to the rules of the FDIC, capital ratios have been met. The Senator Cantwell, of Washington State, made recently folgdende statement: in WMu’s case, Cantwell said she tried on several occasions to get answers from former Treasury Secretary Hank Paulson and FDIC Chairman Sheila Bair about how the government what handling WMu in the frantic days before the bank which closed in September 2008 at one point, she said, after Paulson didn’t return her phone calls, she cornered him before a congressional hearing to ask about the bank.

After she told him that WMu had adequate capital and liquitity, he hurriedly answered, \”I know all this.\” \”Puget Sound Business Journal (Seattle) – by Kirsten grind translation: case on WMu\”, Cantwell said she tried to get multiple responses from former Treasury Secretary Hank Paulson and FDIC Chairman Sheila Bair in what the Government considers dealing with WMu in the hectic days before the closure of the Bank in September 2008. At one point, she said, after Paulson replied not their calls, you drove him into a corner before a congressional hearing about the Bank. After she told him that WMu had has sufficient capital and liquidity, he hastily replied, \”I know it all.\” The establishment of the FDIC was and is: there was a loss of 16 billion from the Bank.