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

This is the best post I have seen from IHUB for a long time, but actually copied from Altini FB group called WmihSafe.

Note that recently WMIHLT has filed to depose all 50 employees along with JPM and in turn the employees also filed to request deposition of WMILT asking to prove that WAMU was insolvent in 2008 to have to file bankruptcy. This will open up to both sides (WMILT and employees and even JPM) to tell the "truth" or otherwise they will commit perjury in front of the judge. This is really a brilliant plot by Susman to have kept the employee claims to this day to be able to blow up the criminals. The case is not over and Susman never let go the criminals.

(Part 1)

From the WmihSafe board on FaceBook (credits to the original poster):

I'm just going on a limb here: With all the action of Susman going on for the LT lately, I believe this is an explanation for the fact that they were idle for almost 2 years. Now PIERS is almost certain out of the way as of 1st of May, it's time Susman can work it's magic. Since they were put in as counsel for the EQUITY committee, and PIERS not being equity, now they have free play to move the bogus employee claims out of the way, and go after the criminals in a strategic matter, which they had 2 years to ponder on.

Because they only represent EQUITY and not PIERS, and the expectance that these employee claims would drag out a while, Susman took this time in the down low to present a full-on forceful blow to those who thought to get away unscathed after this whole pony show.

(Part 2)

The filings lately showed that they were not fooling around. Starting with stage 1 of depositions filed at 14th of April. Also seems to me that they let Weil, Gotschal and Manges depose JPM on purpose. I mean what do you get when you have 50 people, who protect themselves (and NOT any company or entity), don't want to get caught with perjury, talk to each other, struck with fear and putting the thumbscrews on by the best and most aggressive lawyers in the country, collect all that evidence (all 50 pieces) and put that against the bogus or not bogus statements of JPM? Quality of evidence is not the most important here, it's quantity.

Something's gotta bust, and it tells me that any representative of JPM (even Jamie Dimon) would rather give up wrongdoing of their company, than to put oneself at riks at committing perjury (in the event of almost 50 pieces of evidence proving the contrary). What do you think people?

I think Susman is going for RICO, but we will end up with a BIG settlement instead! And if any of that comes from FDIC, they are recouping their losses from sueing other banks on Libor-manipulation and maybe with JPM DOJ settlement too. JPM will take a big hit though, but it will not make them fail, as Walrath thought.

http://www.kccllc.net/wamu/document/0812229140414000000000003

4/14/2014 11703 WMI Liquidating Trust’s Notice of Deposition of Marc Malone Pursuant to Rule 9014 of the Federal Rules of Bankruptcy Procedure and Rule 30(B)(1) of the Federal Rules of Civil Procedure 214 k

11702 WMI Liquidating Trust’s Notice of Deposition of Melba Ann Bartels

http://www.kccllc.net/wamu/document/0812229140414000000000011

4/14/2014 11701 WMI Liquidating Trust’s Notice of Deposition of Todd Baker Pursuant to Rule 9014 of the Federal Rules of Bankruptcy Procedure and Rule 30(B)(1) of the Federal Rules of Civil Procedure 205 k

http://www.kccllc.net/wamu/document/0812229140414000000000009

4/14/2014 11700 WMI Liquidating Trust’s Notice of Deposition of Ronald M. Lowery Pursuant to Rule 9014 of the Federal Rules of Bankruptcy Procedure and Rule 30(B)(1) of the Federal Rules of Civil Procedure 214 k

http://www.kccllc.net/wamu/document/0812229140414000000000010

4/14/2014 11699 WMI Liquidating Trust’s Notice of Deposition of Edward Bach Pursuant to Rule 9014 of the Federal Rules of Bankruptcy Procedure and Rule 30(B)(1) of the Federal Rules of Civil Procedure 204 k

http://www.kccllc.net/wamu/document/0812229140414000000000008

4/14/2014 11698 WMI Liquidating Trust’s Notice of Deposition of Suzanne R. Lehrberger Pursuant to Rule 9014 of the Federal Rules of Bankruptcy Procedure and Rule 30(B)(1) of the Federal Rules of Civil Procedure 214 k

http://www.kccllc.net/wamu/document/0812229140414000000000007

4/14/2014 11697 WMI Liquidating Trust’s Notice of Deposition of Susan Allison Pursuant to Rule 9014 of the Federal Rules of Bankruptcy Procedure and Rule 30(B)(1) of the Federal Rules of Civil Procedure 205 k

http://www.kccllc.net/wamu/document/0812229140414000000000006

4/14/2014 11696 WMI Liquidating Trust’s Notice of Deposition of Kenneth Kido Pursuant to Rule 9014 of the Federal Rules of Bankruptcy Procedure and Rule 30(B)(1) of the Federal Rules of Civil Procedure 219 k

http://www.kccllc.net/wamu/document/0812229140414000000000004

KKR to team with Italian lenders on bad loans

Italy's two largest banks - Unicredit (UNCFF) and Intesa Sanpaolo (ISNPY) - agree to a deal with KKR and workout specialist Alvarez & Marsal to pool some of their bad loans in a special vehicle. The two lenders reportedly will each contribute €1B of loans and KKR will invest an undisclosed amount.The hope is that combining the troubled debts with outside management expertise will make them more recoverable or easier to sell to 3rd parties.

http://finance.yahoo.com/news/intesa-unicredit-deal-kkr-jointly-120822163.html

Te hace pensar?

NEW YORK--(BUSINESS WIRE)-- KKR & Co. L.P. (NYSE:KKR) announced today that it plans to release its financial results for the first quarter 2014 on Thursday, April 24, 2014, before the opening of trading on the New York Stock Exchange.

A conference call to discuss KKR's financial results will be held on Thursday, April 24, 2014 at 10:00 a.m. EDT. The conference call may be accessed by dialing (877) 303-2917 (U.S. callers) or +1 (253) 237-1135 (non-U.S. callers); a pass code is not required. Additionally, the conference call will be broadcast live over the Internet and may be accessed through the Investor Center section of KKR's website at http://ir.kkr.com/kkr_ir/kkr_events.cfm.

A replay of the live broadcast will be available on KKR's website or by dialing (855) 859-2056 (U.S. callers) or +1 (404) 537-3406 (non-U.S. callers), pass code 26683527, beginning approximately two hours after the broadcast.

http://ir.kkr.com/common/mobile/iphone/releasedetail.cfm?ReleaseID=839471&CompanyID=KKR&mobileid=

I did some reading on SPACs this afternoon and the WMIH/KKR deal really does look like a SPAC arrangement. KFN has been troubled since 2008 and although it has recovered somewhat, it is still low. I don't think that KKR would bring KFN back into the fold without a clear plan for turning it around, and I think that plan involves WMIH. I think that KKR will merge with KFN then spin the former KFN assets off to the WMIH shell. The former KFN assets would become more profitable with our NOLs and WMIH would obviously become more profitable with the KFN business. KFN shareholders would be satisfied by becoming KKR shareholders, and KKR would be satisfied because of their ownership level in WMIH.

According to the Business Week article linked below, Tagar Olson is the head of KFN in addition to being a partner at KKR. This is the representative who was appointed from KKR to attend WMIH board meetings. I'm starting to think that too many things are lining up with KKR/KFN/WMIH for it to be a coincidence of one entity simply being involved with the other.

http://investing.businessweek.com/research/stocks/people/person.asp?personId=715139&ticker=KKR

In terms of market cap, KFN is about 2.45 billion and WMIH is about 600 million, so considering our NOLs and the fact that we are already roughly "half" KKR, it doesn't seem like the arrangement I'm hypothesizing would be too far out of the ballpark. Plus KKR participating in up to 1B of WMIH equity offerings down the road would give them the ability to increase their stake, so I think that the deal is attractive to both them and us. KFN's business is still depressed compared to pre-2008 levels, but this arrangement could hasten the recovery. Pre 2008 KFN was trading between $20-$30 per share. So there is recovery potential on all sides.

So at $3 per share, WMIH is 1/4 of the value of KFN at $12 per share, which is 1/2 the value of KKR at $24 per share. I think there's a reason that we've seen $3 per WMIH preserved recently, and the reason is to keep this ratio. I'm not sure how it will work out for us in terms of value, but I would imagine that we would come close to $12 (KFN's current value) pretty quickly. This would profit KKR, so the previous KFN shareholders wouldn't have too much to gripe about following the merger, because their KKR shares would benefit proportionally.

Tagar Olson is also on Alliant Insurance's BODs, which KKR bought from Blackstone (our WMIH advisor) in Nov 2012... Right about that same time, our BODs awarded themselves WMIH stock for the first time, the WMIH price bottomed out, started to climb, and hasn't looked back... A few months ago, I posted about Alliant and this chain of events, and wondered if it was a coincidence?

http://ih.advfn.com/p.php?pid=nmona&article=61944931

Habrá que ver que ocurre hasta entonces :)

Accionistas con más del 5%

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Stock Ownership Table
The following table sets forth as of April 15, 2014, certain information regarding the beneficial ownership of WMIHC common stock and preferred stock by each person, or group of affiliated persons, known to us to be the beneficial owner of more than 5% of WMIHC’s outstanding shares of common stock or preferred stock.

Name and Address Shares Beneficially Owned
Title of Class Total (1)
Percent of
Class (1)


Greater Than 5% Owners

Appaloosa Partners Inc. (2)
51 John F. Kennedy Parkway
Short Hills, New Jersey 07078
Common Stock 17,029,994 8.4 %

Greywolf Capital Management LP (3)
4 Manhattanville Road
Suite 201
Purchase, NY 10577
Common Stock 14,929,515 7.4 %

KKR Fund Holdings L.P.
c/o Kohlberg Kravis Roberts & Co. L.P.
9 West 57th Street
Suite 4200

Series A Convertible
Preferred Stock 1,000,000 100 %
New York, New York 10019

Common Stock 71,465,629 (4) 26.1 %

No hay ninguna noticia en la conferencia de KKR

Parece ser que no... lo más importante es la Junta de Accionistas del 4 de Junio.
Espero y creo que algo anunciaran antes para tener una Junta tranquila y amigable.