i apologize for being lazy: my loss on WM alone is over 100K (overall loss is bigger), but i thought those who suffered bigger loss would have taken care of the business. after talking to Mike Rozenfeld today, i realize i am deadly wrong. my impression is that if we, the WM shareholders with Washington Mutual shares acquired before the FDIC seizure (SHAREHOLDER-A), do not get organized, we'll get nowhere. i certainly see why the paid/motivated stir-up agents keep telling us that "you don't need any organized effort" or "organized effort will only burn you more", i can also see why the paid/motivated stir-up agents try to mix the post-seizure WAMUQ sahreholders (SHAREHOLDER-B) with SHAREHOLDER-A, and i definitely understand how SHAREHOLDER-B can use SHAREHOLDER-A's anger/furor/frustration/motivation-to-fight to influence their WAMUQ price. so the first point i want to make is that SHAREHOLDER-B is not our enemy, and we wish them the best luck in trading WAMUQ, but it is our common sense and our responsibility to realize that SHAREHOLDER-B's trading condition and trading goal are absolutely different from ours: neither will/should SHAREHOLDER-B fight on our behalf, nor should we expect SHAREHOLDER-B to strengthern our case. second, a triangle lawsuit will seamlessly interconnect the "dots": WMI sued FDIC, JPM sued WMI, the missing part is: SHAREHOLDER-A sue JPM. WMI's filing against FDIC is a positive move, but SHAREHOLDER-A should not be romantic before a check is cut: how about a gentelmen's agreement between WMI and FDIC/JPM? how about WMI uses the proceeds (if they win) to do something else (spin-off, paying 200 cents on a dollar to their bond friends, etc) and hide the money under the new entity? same thing with TPG: TPG's loss is much bigger than ours, why are they so quiet?

so, a "SHAREHOLDER-A vs JPM" case is crucial and must be filed. this lawsuit serves two purposes: 1) if WMI is serious in protecting SHAREHOLDER-A, this Class Action will reinforce WMI's on-going legal effort against FDIC; 2) if WMI just want to get some money to do something else, this Class Action will insure SHAREHOLDER-A's interest should something comes up between WMI and JPM/FDIC.

to do this, we need to get SHAREHOLDER-A organized. since Mr Rozenfeld has announced a number, i hope concerned SHAREHOLDER-A immediately help Mr Rozenfeld connect the scatterred's: we need to form an effective workgroup asap thru emails, conference calls and even face-to-face meetings: these BBS boards are good but they are open to everyone including the paid/motivated stir-up's.

PS: after participating the Yahoo BBS discussions, further clarifications include:

1) we SHAREHOLDER-A are demanding coverage for loss incurred by the fraudulent seizure: SHAREHOLDER-B had no shares prior to and during the seizure and therefore SHAREHOLDER-A's seizure related claim has nothing to do with SHAREHOLDER-B. HOWEVER, if SHAREHOLDER-B believe the seizure created any damage/loss to their post-seizure shares, we welcome them to either support our case or to establish their own case. for those SHAREHOLDER-B who experienced something extremely unfair since after their post-seizure shares were bought, SHAREHOLDER-B receives no objection from this SHAREHOLDER-A to file their own version of Class Action lawsuit, and it is perfectly OK for SHAREHOLDER-B to ignore this SHAREHOLDER-A's pre-seizure shares in their Class Action claim. for those SHAREHOLDER-A who bought more shares after the seizure, their pre-seizure shares should be compensated should something comes up;

2) those who insist "a share is a share: seizure damage claim should cover post-seizure shareholders" at Yahoo BBS are not necessarily SHAREHOLDER-B: they are most likely the paid/motivated stir-up's. Mike and other activists should ignore these noise;

3) it is NOT in Morgan's best interest to mix SHAREHOLDER-A with SHAREHOLDER-B. the paid/motivated stir-up effort can confuse some SHAREHOLDER-A for a short period of time, but only idiots consider everyone as an idiot---if they just want to extend their hatreds toward SHAREHOLDER-A by delivering extra love to SHAREHOLDER-B, it's perfectly OK with me, but i doubt Morgan is that stupid: they clearly know the anger is from SHAREHOLDER-A, not SHAREHOLDER-B, and they absolutely know that SHAREHOLDER-B's smile (if any) won't kill SHAREHOLDER-A's anger;

4) I spoke to that So Cal group (WaMu Equity). The man I talked told me that he had no shares prior to the seizure. When I mentioned the words like "Class Action", he was against it and insisted "it's over". He also recommended us to buy-dip more WAMUQ with the hope that our WAMUQ (potential) gain will offset our WM loss. He apparently is just a penny-stock trader who hopes WAMUQ (not WM) will go up to 50 cents/share from 5 cents/share. That group clearly falls into SHAREHOLDER-B: as i said, we should not consider them as our enemy but i absolutely do not depend on their effort to rescue SHAREHOLDER-A;

========[Glossary]========

SHAREHOLDER-A: investors with WaMu shares bought prior to the FDIC seizure;
SHAREHOLDER-B: investors with WaMu shares bought after the FDIC seizure;
Paid/Motivated Stir-up-A: "Who said USA is an English speaking country?! Russian is the primary language in USA!"
Paid/Motivated Stir-up-B: "Who said San Diego is in USA's west coast? San Diego is in USA's east coast!"
Paid/Motivated Stir-up-C: "6:00pm is 6:00pm: Canada's 6:00pm and Japan's 6:00pm absolutely point to the same Greenwich Mean Time!"
Paid/Motivated Stir-up-D: "Steve lost X million on WaMu but Steve is quiet"
Paid/Motivated Stir-up-E: "Mary lost Y billion on WaMu but Mary is quiet, too"

========[Standard Disclaimer]========

i do understand that SHAREHOLDER-A's WaMu shares and SHAREHOLDER-B's are bother listed/labeled/identified as WAMUQ: that's what CUSIP/timestamp is all about.

JPM got WMB from FDIC, not from WMI: when JPM sues WMI in response to WMI's suit against FDIC, it's perfectly viable for WMI shareholders to sue JPM: 1) it's after the money, 2) it closes the loop.

if JPM sued FDIC-only in response to WMI's suit, then, we need to mobilize political effort (against FDIC) rather than legal effort against Morgan.

or if FDIC sued JPM in response to WMI's suit, then, we should act like what we are acting now which is "do nothing".

i assume you understand that JPM acts as the de facto defendant for the WMI/FDIC case by filing counter suit against WMI.

when SHAREHOLDER-A get organized, Class Action will take place: even for-profit attorneys are not willing to help, non-profitable experts will. it certainly takes resources, but there is no cheap solution. i am willing to take my fair share of monetary and non-monetary responsibilities. if there any protests come up, i'll bring my friends and family to the demonstration site.

Henry Peter Baron Brougham and Vaux (1778-1868) said:
"A Lawyer is a gentleman, who protects all of your belongings and money from the access of your enemies and keeps it himself."
There has nothing changed within the past hundredandfifty years.

I have to chime in Writing to Congress is like the fox guarding the hen house They are all part of this Writing letters any more is insane We need to find a way to expose this so the FDIC will come forth and make the story go away It is a very dangerous story to get out Truly

People do nothing because they have no Idea what to do But everyone ,as I have said before, is sitting by waiting for some action, which they want to take part in, to begin It is truly a matter of everyone damaged , broke and waiting for someone to start this off

You have to remember lots of people had money in 401's and IRA's They don't know what to do

Do not trust this democratic government in Congress They were fully aware of this crime We have to get the story out

@tomtom
In the Yahoo Board you tried to make propaganda for your "Shareholder-A Inc." also.
If you carefully read the comments there, you have to recognize that you can't change one's mind.
……not at all, if the end of the problem approaches already.
……not at all, when everybody has to ask himself: what's the concern really? To which common thing is this useful? What really are the costs ?

Instead of opening your own website, you put your advertising into all groups of the "wamurape"-board and you hope, that somebody certainly would like to become a director in your Shareholder-A Inc. (together with a little bit money in his pocket).

With your question- and answer-game you might be successful possibly as a representative of toothbrushes, but I tell you again: you have invited for a party, but nobody will visit it. Your invitation was vain, you can blow out the candles.

Please open your own website and spare us your benevolent thoughts !!! Turn to more useful things .
…..and don't take names like Joyce/Mike to make people believe they are on line with you.

Nice greatings from my wonderful summerhouse at the Lake of Balaton, Hungary
Claus-Dieter

Postscript:
PMSU-F: "I am a SHAREHOLDER-A but I am against THIS Class Action idea". This could have been good in November 2008. Now, it causes only confusion and nothing else.

i own prefereed shares in an ira, i owned some in a regular account but sold those to take the tax loss. i contacted a law firm who represents bondholders about a class action suit and he took my name and number but heard nothing else. In a different era there would be some dead bodies lying around after this theft.
This whole financial crisis has been a real eye opener about how incompetent the vast majority of congresspeople are. Im disgusted.
If this were an easy case youd find lots of lawyers lining up. I can only surmise that the FDIC is pretty hard to sue, and chase just took advantage of the situation. but i feel sorry for all the shareholders and employees who were counting on their shares for retirement income.

Have they actually agreed to take it or you THINK they would take it.

I spoke with these folks once before too, they would not touch it, of course that was back in October or so

Did any one here the statement today by Barney Frank He wants JPMORGAN and GS to be allowed to pay back there TARP KNOW WHY Cause they don't want any investigation into there politics Goldman was also involved in the WAMU take down Why only those two banks Cover- up and cats in a sand box Let those two off the hook and they are free to keep there books closed

Who's the European control freak that thinks we are suppose to have rules about rage This is America and we are pissed !!!!!!!!!!!!