Welcome to Washington Mutual Equity Group.

Our Goals:

To preserve, and add value to the estate of Washington Mutual Inc. (WMI)

To obtain just compensation for the taking of WaMu Bank, and have that compensation added to the estate.

To regain the maximum recovery for each shareholder of WMI.

To have a say in, and maximize any settlements that are reached in current litigation against JPMorgan and the FDIC.

We now have an Equity Committee!!! Thanks to everybody that spent time and money to get our goal accomplished!!!

New Developments: Daniel Hoffman has asked the court to unseal some documents, and to continue the suit against the FDIC. There is a new group out of Germany representing over 120M shares that is trying to get into court to do things the Equity Committee either won't, or can't do.

Stay tuned for further info on this.

If you haven't yet registered your share holdings, please do so, since you will then receive updates as they occur.

Much of this site is now out-of-date, and isn't being updated much anymore. But we're keeping it up for historical purposes.

Meanwhile, this site has additional info/resources:

United International Equity

Washington Mutual Equity Group (WaMu Equity Group) is a group of shareholders who have joined together to preserve equity value, and to do what we can to add value to the estate. We intend to form an Official Committee of Equity Security Holders, and to be represented in the bankruptcy proceedings in Wilmington, Delaware, Case Nr: 08-12229.

It has come to our attention that we could also form an 'Ad Hoc' committee, and enter an appearance in the proceedings to make our voice heard. Such an appearance would not require US Trustee, or court appointment of an 'Official' committee.

One of our first steps is to determine how many shares we collectively own. In order to do this, please register your holdings on the Shares Registration page. It is NOT necessary to create an account to do this.

However, if you do create an account, you will receive all correspondence from the group, and be able to post in the forum (The Forum is UP!). If you don't get a registration EMail, check your spam/junk folder.

Please realize that share registration and account creation are 2 separate actions, and are not related to each other.

Share registration requires an EMail address, and a pin.

Account creation requires a Username/Password, and allows you access to the forum. Only one registration is required. Your Username/Password will be automatically passed to the forum, so you will already be logged in when you click on the Forum link.

Website Username/Password login is the same as the Forum login.

We are using the EMail in the Share Registration to send you updates from the group, so at minimum, you should register your share holdings.

We are in the process of getting legal representation. See the legal page for information on this.

Volunteers are needed to help with the group, and/or to serve on the board. Please contact us if you have time available to do this. If you would like to donate to the group, we have a link in the forum. Create an account to access the forum.

This website is a work in progress, and more information will be added soon.

There is a growing compilation of Equity Committee research at the bottom of the Resources page.

How we got WaMuQ'D: WaMu Video

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From the book 'House Of Cards: A Tale Of Hubris And Wretched Excess On Wall Street' by Cohan, William D.

This book includes proof that Chase/JP Morgan acted in concert with the US Treasury and the Fed to acquire Bear Stearns for a pittance which then set the stage for a repeat performance when Chase/JP Morgan was allowed to buy Washington Mutual Bank at a fire sale price.

Here is a small peek into the inner workings that brought WaMu down:

A final decision had just been made by the US Treasury, i.e., Hank Paulson, in tandem with the Fed and major firms on Wall Street, that there would be no bailout of Lehman Brothers and that Lehman Brothers would be forced into bankruptcy.

After Thain, Paulson and Geithner had left the New York Fed Sunday morning, the following exchange ensued, according to several sources that were there. John Mack, the CEO of Morgan Stanley, spoke up. 'Maybe we should let Merrill [Lynch] go down, too. he said.

Aghast, JPMorgan Chase's [Jamie] Dimon pointed out how shortsighted that was of Mack because Morgan Stanley might be the next firm that counterparties lost faith in. 'John, if we do that, how many hours do you think it would be before Fidelity would call you up and tell you it was no longer willing to roll your paper?'

Dimon's comment quieted Mack. 'We thought Mack said that because he might be buying Merrill,' someone who heard Mack's statement said, and wanted to buy the firm on the cheap. (Mack denied he made the comment through a spokesman. A spokesman for Dimon said Dimon did not remember having the conversation with Mack.)