washington mutual (wmi) - objection and reservation of rights by till eulenspiegel to the seventh...

8/3/2019 Washington Mutual (WMI) - Objection and Reservation of Rights by Till Eulenspiegel to the Seventh Amended Joint

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Jaary 12 .202

IN THE UTED STATES BAKRPTCY CORTFOR THE DSTRCT OF EA W A

re:

WASHNGTON TAL ICadWI Ivestment Corp.(collectively the Debtors)

To: The Honorable Judge Ma F WalrUted States Bankruptcy CorDistrct of Delaware824 Market Street, 5th FlooWilmgto DE 9801;

Chapter Case o 08-2229 (MF)

Cae No 088 ()

Ref Doc #978 et Modied

OBJECTION AND RESERVATION OF RIGHTS BY TILL ULNSPGTO TE SEVENT AMENDED JOINT LAN OF AFFILIATD DEBTRS

PUSANT TO CHAPTER 11 OF TE UNITED STATES BANKRUPTCY ODE

The subscriber of this objection writes as an inteested pa this case as ad fPro SE" shareholder

The above Mentioned lan, The Seventh Amended Joint Plan of AfilieDebtors uuant To Chapter11 Of The unite States ankrupcy oe cnobe conrmed it is to be enied or is to be alee in the aroriae er.

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0812229120120000000000003

Docket #9458 Date Filed: 1/20/20


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I, Prelimina StatementThis Objection oers aid to ALL parties suing and filing in this court. Some imly nthe attempt to suive, others simply in the atemt to snatch the most sweet um ofthe cake

But the understanding for this aid requires a minium of omnibs undadngwhat circumstances and ongoing are touched by te Globa seeent Agmnthe GSA.

nd thi GSA is set as core of this Seventh Amnded nt Pan f Detors.

The exposure as follows is based on essential information you simply can fnd onofficial sites of authorities is pubished by media or disclosed on request in FOI yindividualsThis crcial information up to now is not entirey covered by te dust of even more impotant in this context judicial prosection on it is not ad

Even though the repo of the examiner did not reveal any new information tr wsome resurrection of the one or the other eory and documentIf the information coud have been wiped out by order of the court this woud notatter so much because it wi survive in the internet but even more in privatearchives of retail sharehodersThe examiner report abeit virtually scrapped by the cour provides ots of ft frthe ones who read in soted pacement area

II, Excerpt from the List ofTransgressionsMiscondct commid by FDIC and JPM

But it does nohep to cose down the cap of the garbage can of examinatin. hecontent of the report as said afore you wil nd on various paces in the innet andin private archivesYou find about M managers instructing WMB ustomers to wthdraw in Jy 2008,Yo nd M OD presentation which estimates WM woth a 166 billion incluivliabiitiesYo nd Bracewel&Giuliani Memorandum from Nov 25,2008 stating that PM didnot acquire the tax attributes of WMBAnd so on

Let us shed soe light on the "auction? of the WaMu Bank and the asution byPM of of what exactly?

Yo find amie imon was eager for WaMu Ban sin eing C f PAer PM had conducted Due Diigence on the ooks of WaMu in spring 08 alt of calcuations and sandbox games power ont presentatin how to get it n thecheap how to cance equiy were conductedThis culminated in active support by Sheila air chair wmen of th FDC

ll the comunication between Ms Bair and Mr imon wored so wha ty

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that n September 2008 Ms Bair could inform M Dimon in advance, before thebidding ? for WaMu had ended that JPMC was the wnner. This is perspicusend of the "bidding? preced closng and seizing the 'aMu Bank and tk nt that at mnmum 180 days as requred as by the sze of a ank by th stattsof the FDI tself One must not be astonished that especally s ar as yorried about the media being close in on this dealOnce again, is took place eoe "WaMu Bank was closed!I mus not ntdu the word bdrggng here and now

Interestng is, that the world is also le out in the dark up to n hch asstppees funds .DE FACTO was given and endowed to JPMThe list 3.1a of e Purchase & Asumpon Ageementneve ver pd thspropsed scheduleThe eason s just as simple. A never disclosed lst can also pvd n ifoato tothe public

Deciencies of the Global Seement Agreement GSA

The GSA provdes us incomple inoaonIt ds NOT give any information where derence/equvalent value of more than2 Mllon VISA Sas is allocated The value of those VISA Shares whch ae asedon derng numbers beeen the SOFA by the debtors in December 2008 and thenumbe of VISA Shares posted in the GSAHopefully this share smply did not get losturthermore the GSA does NOT provide an allocaton of value amountng t ilns

which seem to be lost by BOLUCOLI on their way on to the fnancial statemts JPM and then back to WMIThe GSA also is as far as t lists assets prpeies fnds hch t tJPM, e.g to prvide nformation where the appromatly 0 llion ha nt fo

which Mr reilinger requested at the OTS in Augst 008 to retransfer to WMbecause the subsidia WM was over pitalized.Dd these 0 billin the rst ha of ths amount was annund to make happn theretransfer t WMI only a few days before WaMu was closed and sezed dd thes20 billion flat wrong vapoize?But fr the mment let us leave it well alone wth You nd miscndct and thGSA (intentionally?) lacks information

Easily to be identied evidences of GSA elevant issues

Further ssues that d not show any relevance at a frst sight are tied is GSA.eg Mr Dimons setting out of his claim n the conversation wth rBotn a tlphncall from the secre of treasur to Mr illinger or the statement of r lngrduingthe inqui by the PSI in Aprl 010. that aMu wasn't clbby enogh

hat is the elaon of afore mentoned evidences with te GSA

THIS GSA the coe f the proposed plan for reorganisation by th dt will

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sete et me more correct sa cut o an right of anone to prse a idiaor ega enti which are responsibe for miscondct i the afore referecedevidencesThis is h everbod invoved in the mentioned miscondct or conected actiosso bad ants the reeases as brought ou in the GSA

As consequence those entied b genera treatment of his respective cass oreceive a distribution under the pan, wi be cnstantto grant the reeases

N eeases - n dsbutn the sty dsennchsng the SecrHde!

n the end, an hoder of a caim sha have no choi, cause the evideced issessha be deemed as seed

This Seep the Di under the Rug is a condemation ith srag

f ou are eow inmate of cass 19 to 22 ou can chse betee srreder arghts and a of the invested mone or surrender a rights and receive aujstifed ow compensation

The argumentation "DC and PM do conribute significant to this settemtbecase the oered set o of e caims, both have fied against the debtors, i theheight of tens of bions, wi no hod water

The GS shws a buk wdng abut e cntbutns of both etities tNO ignificant cntbutn anhowadequat to the preeminet evidence fmisconduct mmied b FDC PM and representatives

Aso the agumenn, that the wisuende the cams orth tes o ioas contribution wi nt be vadf oud have fed a caim at he same time the same manner ets sa i tamount of one hundred biion and it woud have been audited b the resposbecouse the same wa as he audited the caim of FDC and the caim of JP ad this caim woud have been contested b the debtors the same maner as tecontested the caims of DC and JPM my cam w hd eveNo matter hat bogus it might aso be

So the most deicious ump of the e woud be mine.

This mmon words expain and describe the quai of caims broght in b FDCad PM much more precise and concusive tha the obfscating dust of aifca

judicia compiing of words Distract the immense of dst ad etra thsubstantia content ou wi come to the same rest

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III, SOLTION

As eager as Mr Dmon was for WaMu Ban, as eager now all pates n releeare The varous occurrence of mscondu up to w or beg cplcated mscondct possbly to be reveal n the future, c reeses here n nomnibsAnd they matey tie it p a GSA whch s nderlyng the Plan. But th Planlacs conclusveness the same as balance

T t to enfor ths wth a "pyba wll never ever head to bry ths Csefor good and allQte contray to ths ths wll resurrect zombes of nfrmaton and vs, n andon!BT,ths GSA is not as nterabe as the protagnsts of the GSA wat t ae beleve by prclamng t s "aw f the ase because t was wo tes apped ythe cou.ang the GSA "Law of the ase would requre a o times nal dgemn.Two tmes denyng a Plan wthn one and the sae H 11 prceedng are NO

jdgeets as requred by the aw.AND,if e paie of the GSA altogether show some jdiciosness and ratonalt t wllbe no prblem to alr this GSA n a benefcal verson to ths cae

What a pty ths cou forgot t send FDI and JP to the negtatn table tetherwth all other pares n medatn

his aps can be ealedLet us tae, as mentned by the GSA, the frst x rend n whch JP clas astae of 2, 16 llon and the second tax refund n whch FDI clams a stae 0bllon Ths leaves 3, 00 bllon to sele the crucal classes Ths meas, both ette together can and shall onib teir entre ske they want t have n te taxrefunds, to bry is "aM Cae for good and al.

Regardng the cntrbuton of th fnd, repors sa they are depted at a caccot nobody should be worred abot the fnacal stablty f e teeenttes, bese as equtable busness people tey srely have not yet tae thfnd on the boosFhermoreths wll be not so much hardsh for JP becase t self and t

aflates already have noteworthy stae n secrtes the respectve classe fWI

KEEP IN MINDIfJPM wuld be successfl n clamng ts stae n the tax refund of WMI ths woldmean would not have to pay for assumng all the goodes of the ban mch rseJPM wold get ome additional as on topDeal of the centu for JP but crazy world at t best!

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S he cnrbun by FDIC and JPM, gvng he WMI ax reund WMI MImus n jepardze he Plan wll cnrbue t bury is WaMu Case fo oodand all

NOWakehe 30 bn and use satisf PIERS, TS, DIME R K b 30 e nrecover and he residual fr cmmn sharesThe dsrbun s based n he assumpn.PIERS => 0, 82 bn esmaed value by Trusee nc!. eesTPS => 3, 90 bn a vaue d n ge neresDIME => 033 bn curt rdered reseeR => 3 00 bn ace vaue, d n ge neresK => 050 ace value, d nget neres

8, 55 bn :100 x 300 = 2565 bn.

By hs cacuan cmmn shaes stand fr CASH in NewCo whch s 3 n(nended sake a ax reund cnrbued by FDIC and JPM

- 2 55 bn. (30 percen recve) = 0, 435 bn(Mnr adjusmen n he range < ne per n s due)

This means 0,435 bn wrking capital in CASH for NewCThis cllateralizes that NewC will be able t run the business n i oIne cmpares he crrelans beween cmmn shares and preerred n wdbe amazed by hs calculan hw hs crrespnds wh he specfcans heprspecus he respecve secures.

What simple things can !NO need r Run OfNes hey shal n be. NO need r any cred aces heyshal n be NO need r any repaymen cnracs r anyhng ese, whch shall nobe. NO prblems wh NOs, because here can e NO change wnersh Nhardy raceabe calcuans N ssues wh any ecury cass r cnfng abecause hey are pad .

TO BE CLEAR hs cacuaed wrkng capa an he are enned NO haehe minimum bar as the recver fr PIERS TPS DME K, awh he wer end he dsclsed numbers r a refund f WI..

Ths surely w conribue t bury this WaMu Case" fr gd and all.

Ftnte 0 f the GSA and e Indemnicatio Trust fr Pre Seizure ScurHlderIn fne 50 he GSA here s a prpsa 020 bn 050 bn. addnaunds comng n by pendng ax lgan/negan

Al nds u hs gan/negan mng n sha e pae n hIndemnicatin Trustup unl ne year aer Efecve Dae. Ths und sh e

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used t ndemn Reil ecui ole aMu, what cass eve, tefnanca arm the sueed rm the 36 das bee seze The sha hae 365das ae Eeve Date t e a cam t he Tust and prve t. A unds ts tax tgatn/negtatns cmng n t te tust tn ts 365 days ae tat, sa be dsbused at p ata ass fed ad audted ca t t dIt makes sense t set up ths und, because acttes misconuct b F adPM as desced ae have sta before Petition Date Te task as membe te execute cmtee ud ecty t . gam as an expenced accuntat. e Ken, w can take ts as a nda t e n fst ne t sats s aay, aes St, as e s nved n such a ng tme t au sssaas,Ksturs, as te pe sezue secut hdes, c gt sad s , e gets sme pems th s capact emeeg

s sue cntute to bury this "WaMu Case fo good and a.

he Pan sha aso incue a term which gran the isting of Newo eNew Yok tock Exchange within a month

Ts s a cndtn pecedent to bu this "WaMu ase for good and a

he "Coourable Caim,o the oppouni to contribute some aitiona FAIR nessGven te amendments prpsed ae, the casses n the watea esdng aete mentned casses w stat hwng e a pac hung ves and canaut dsadvantages and njusts ts ssue, ts psa pdes a sut.

One te, ex ante.Te psed an Regansatn, as t stands aey dd d ts ay eseatn te dets t the ute ts te ankuptcy Assug the oourabe aim eeened y te cu as t da t

ntgess, te profi ade ut Insier radng ca ecased a deed actn and be "gie on a po ata ass, tcg dn t wate tte casses n dn t egteenut cass sxteen sa be deemed excuded.eck te tadng ecds the pates nvved ts eq ntg tanse spe mat, t cacuate te pro which the made out of Ts cuse actn pd u cndentay paes pactcg "aattadng and addtna sme cusn sg se te ega edd tesecay tey ave nteests n ge esdng casses t atfa

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s cuse actn as ptect te casses ee ntay amd t ecause tey can nt e amed a secnd tme y ts actn

s suey cntute to buy this "WaMu Case fo good ad a.

i the modificatio collectively mess up the Pa? NOe mdcatns ny ave sgncant nuc n gets at s tpanut a n a t s a e-sum game c cause n am t anydy tsd tan te cntay t yed additoa beeitn svng a as by

seig issues ad caims n a muc de ang eg ts t ssecty ders c ndeed ee ncpated y t GSA cused eee ee cnsdeed nt yet n te stuctue te eeases as ty ee desg

he Pa a i a ith exceptio of the modfcato as desced esha NO be ateed

t sud as nt tat muc pm t emed te modificatio n te an atand ecause te mdcatn efe n espect t te cmpete ks t veyimited secto te Sevent mended Jnt an te etst as sud nt e te utmst a caenge te pessnas t ts

t d ts tn sm days as e ave seen n e past t s sse t tan 24 us a day

An assgnment te pessnas te dets as appat and as atsn de t actate te ppsed mdcatn cntut o u h Case fo good ad a

Cocusio

FDC ad PM both ho commied a e micoduct hich sha be eedby the GSA ae equied to deive a sigict cotibutio to the SeehAmeded oit Pa of he Debto i ode to get the Pa comae

e sso much evidece of commitmet i miscoduct and te s at

mpessve dcumentatn tat makes t ad t destand y t ts asFDC ad PM ae ng t jeopadize this Pat s t e nscrutae as PM oud ot have to bea a hadhp mtnng ecause as mentned te ends te sc acct s t e n te ks and J and aated av sgncant stake n se tsecutes c ae dmed t eceve a me stae and adequa ecoeyund t prpsed mdcatn ts deem te an e ease and tsme REASONABE

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he contibution y FDIC and JPM and t other pais, not less than in themntiond covag is kin o soi in exchange for the reeases to cover the gravemoun in which athe beore mention unspeakale instances an evientmisconucts shal burie an vere to the u extent an foreverBUT,One must not be astonishe the soil n the grave moun is not coate wit

suicient size or it is evele unequal, that spiits o shae retai securiy oderswi stir up a this eeme to be burie stu on and on, just ike zomies and THOWEVER.ifall parties in interest work ATOGETHERif the are not permanent iven b gaining avantages on on their own on theexpenses o ower anking classesis aMu Cas can buid fo good and al!

I the Debtors FDIC an JPM atogether o not see REASONABLE settement thecou has jurisiction to help themto buy this "WaMu Cas good and al, .

.. in impementing the propose moiition b "Cram Down!

V, Rsaon ofRightInepenentl o the oregoing this intereste pa in this case as and for "RO SEshareholer intens to resee its rights in all this maters mentione aove.In paicuar this means that this part in this case resees the right tosupplementthis Objeion

WEREFORE this pa inteeste in this se equests that the Cou enappova o the iscosue e Plan is nt altere as ppose b the unegningpart

Rspectull with a view rom the insie an the otside

Till EuleiegelEwt 13870 KnelngenGeray

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CERTIFICATE OF SERVCE

This signing paty in, heeby cetiies that it wilVhas caused one copy of the oegoing to be seed upon the paies in the atached seice list.

r1\Dated: Januar 12, 2012

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Wasigto utua, c. Chales Edwad Smth, Esq925 Fourh AvenueSeattle, Washingto98104U.S.

Wei Gotsha Manges LLPBia S. Rosen Esq

767 Fih AvenueNew York N 10153U.S.

DLA Piper LLP (US)Thomas R. Califano Esq.1251 Avenue of the AmericasNew Yok N10020U.S.

Akin Gmp Stass Haer Feld LLPFred S. Hodaa EsqOne Byant PkNew ork NY10036U.SRicards Lato & Figer P AMak D Collins Esq.One Rodney Squae920 Noth Kig StreetWilmigton DE19899U.S

Qi Emauel Urqart Sivan, LLPPete Calamai, Esq55 Madiso Aveue 2 nd FloorNew ork , N10010U.S

TPG CapitaDaid Bondeman301 Commece Steet Suite3300For oh TX 7610U.S

...... ........ . .... . . ......., ...

. . ... ...... , ... ... ...,U.S

G+J Wiscaftsmedie AGCo. KGStee KlusmannAm Baumwall 11

20459 HamburgGermay

Oce of te ited States TsteeaneM. Leamy Esq.844 King Stree t Suite2207 ox 3Wlmingto DE 19801US

Ssman Godfrey LLPEdgarG. Sargent, Esq.

1201 Third Ave Ste3800Seattle W A98101U.S.

Asb Geddes, P.A.Willim P.Bowden Esq.500 Delawae Avenue 8 th FoPO. Bo 1150Wiington DE19899U.S.

Slivan CromwelLLP

Roe A. Sacks Esq125 Boad StreetNe ork NY10004U.SFDICMatin J. Gueeg550 17 Steet Room -6000Washngto, DC2049U.S

JPMorga ChaseCoames Dimon Ofce of the Secretal270 Pa k Aenue 38 FoorNew York NY10017US.SA TodayBi Gallaghe7950 Jones Bnch DieMcean, VA22108 0605U.S.A.

Berner ZeitngMichael HugDammweg93001 BeSwitzerland

Germany


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Kleine ZeitungClaudia HaaseLobkowitzplatz00 WienAustia

The Wall StreetJournalAlan Muay2 Avenue of the AeicasNew Yo, NY0036 S

PRChina

Sddeutsche ZetungKuKisteHultschine Stae88677 MnchenGeany

. . ..-..

Switzeland

Landis Rath Cbb LLPAdam G andis Esq99 Mket Seet Suite800POox 2087Wilingon DE9899

S

Pepper Hamton LPDavid Staon, EsqHecules Pla Suite50033 NMarket StWilmington DE980 S.

FAZlena GeusHellehofste2-460327 Fank am MainGeany

Neue Zrcher ZeitungMus SpillmanFalkentasse802 ZichSwitzeland

he New Yok TiesJill Abamson

620 Eigth AvenueNew Yok, NY100 S.

"De Presse GmbH&Co. KGMuel ReinartzHainbuge Stae33030 WienAusta

Austa

Yng Cnwy Sg & l, LPM Blake Cleary sqTheandywine Buildig000 West Seet, 7 FlooWilmingon, DE980

S

ElliottGeenleafNeil R Lapinski Esq05 Mket Steet, Suite700Wilmngton DE980US

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