Subject: RE: Washinton Mutual Issue
From: "Eric Schwerin" <[email-masked]>
To: <[email-masked]>
Date: Thu, 4 Mar 2010 13:58:32 -0500

OK- got it.  I read the email and it wasn’t clear what the ask was.  Let’s
discuss when you get back how best to handle Frank.

Eric D. Schwerin

Rosemont Seneca Partners, LLC

1010 Wisconsin Ave., NW

Suite 705

Washington, DC 20007

(202) 333-1880

[email-masked] <[email-masked]>

*P** **Consider the environment before printing this email.***

*From:* [email-masked] [mailto:[email-masked]]
*Sent:* Thursday, March 04, 2010 1:48 PM
*To:* Eric Schwerin
*Subject:* Re: Washinton Mutual Issue

Read the email I sent you from Nick. Boies represents creditors in this
instance and wants tax credits to go to receivership not JP Morgan.

Sent on the Sprint® Now Network from my BlackBerry®
 ------------------------------

*From: *Eric Schwerin <[email-masked]>

*Date: *Thu, 4 Mar 2010 13:26:31 -0500

*To: [email-masked]<[email-masked]>

*Subject: *Re: Washinton Mutual Issue

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 has 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 expressly carved out TARP recipients—such
as JPM—from those who could benefit from the November 2009 stimulus package.
  JPM argues nonetheless  that there is a* *loophole in the
law*:*Washington Mutual Bank, not 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
settlement of claims that awards the $2.6 billion in stimulus refunds to a
TARP recipient (JPM) and the FDIC is urging a settlement that will permit
that result.

 ------------------------------

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