Subject: Re: Washinton Mutual Issue
From: "Eric Schwerin" <[email-masked]>
To: <[email-masked]>
Date: Thu, 4 Mar 2010 13:26:31 -0500

If Lawranne is still there I could probably call her.  Who's the  
client?  JPM?

Eric D. Schwerin
[email-masked]

Sent from my iPhone

On Mar 4, 2010, at 1:18 PM, "[email-masked]" <[email-masked] 
 > wrote:

> Can we get David Boies a meeting with Frank's staff on WaMu issue.
> Sent on the Sprint® Now Network from my BlackBerry®
>
> From: Nicholas Gravante <[email-masked]>
> Date: Thu, 4 Mar 2010 13:19:12 -0500
> To: [email-masked]'<[email-masked]>
> Cc: Michael Endler<[email-masked]>
> Subject: Re: Washinton Mutual Issue
>
> Hunter,
>
> FYI, David is meeting with Sheila Bair on Monday in DC. Let me know  
> if you have any luck with Frank or his staff.
>
> Regards,
> Nick
>
> From: Nicholas Gravante
> To: [email-masked] <[email-masked]>
> Cc: Michael Endler
> Sent: Wed Mar 03 11:21:46 2010
> Subject: FW: Washinton Mutual Issue
>
>
>
> Hunter,
>
>
>
> The email below is the general introduction email we have used when  
> contacting folks an Capitol Hill.  Please let me know if you need  
> anything else.
>
>
>
> Thanks,
>
> Nick
>
>
>
>
>
> Here is text for an all purposes email
>
>
>
> You may remember that in September of 2008, JP Morgan bought most of  
> the assets of Washington Mutual Bank for $1.88 billion from the  
> FDIC.  This transaction occurred on the same day WaMu was closed and  
> the FDIC was appointed WaMu’s receiver.  JPM has reported that it ha 
> s made billions from its 2008 purchase of WaMu from the FDIC.  JPMC  
> a TARP recipient, is now claiming an additional $2.6 billion in WaMu 
>  tax refunds from the November 2009 stimulus package.  Congress expr 
> essly carved out TARP recipients—such as JPM—from those who could  
> benefit from the November 2009 stimulus package.  JPM argues nonethe 
> less  that there is a loophole in the law: Washington Mutual Bank, n 
> ot JPMC, may claim the stimulus tax relief and then turn it over to  
> JPM.   JPM is now trying to obtain the FDIC’s consent to a settlemen 
> t of claims that awards the $2.6 billion in stimulus refunds to a TA 
> RP recipient (JPM) and the FDIC is urging a settlement that will per 
> mit that result.
>
>
>
>
>
>
>
>
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