JPMorgan Chase's internal docs

The text of an email sent between JPMorgan Chase executives regarding WaMu at the end of July 2008. The document was recently released as an exhibit in federal bankruptcy court.

Kirsten Grind, writer for Seattle.Biz Journal website, does an excellent job exposing internal documents from JP Morgan Chase as this can be another shoe drop in the WAMU collapse and the WAMU-Chase merger. As Eliot Spitzer demanded the release of the Fed-AIG emails in the AIG collapse and the continued investigation by NY AG Cuomo in the Merrill Lynch-Bank of America merger, the media is not paying attention to WAMU-Chase merger and WAMU collapse. And I will be looking at the docs this weekend. Here is the story:

Over the holidays, the Puget Sound Business Journal ran the third in its investigative series on Washington Mutual’s collapse. The story examines the role of JPMorgan Chase in its purchase of the bank out of receivership.

As part of the reporting for that story, I, along with my editor Al Scott, analyzed hundreds of pages of court documents related to JPMorgan’s acquisition of WaMu that were recently released as part of the holding company’s bankruptcy in U.S. Bankruptcy Court in Delaware. The documents are exhibits attached to a motion filed in the case.

Unlike public records we received from federal banking regulators through the Freedom of Information Act for this series, these documents were not blacked out. That’s because JPMorgan Chase was forced to release them by the U.S. Bankruptcy Court, which ruled last year in favor of allowing WaMu's holding company to investigate JPMorgan's role in WaMu’s purchase. The documents include emails between JPMorgan executives as well as internal presentations.

You can download all of the documents in PDF format here.

There could be more coming.

Read on.