hotmeat, you said the following - "Exactly my point. since I did it in a roundabout way because I did not want to directly reference the split. IMO the assets will be dealt with as a whole, rather than selective usage of Equity rules or the 75/25 split for returned assets. Again, if I am incorrect, I will gladly admit such."
___________________________________________
I concur 100%...The Absolute Priority Rule (APR) is what Delaware is all about and to think this will be used selectively in my view is just plain wrong but that is my view and yes, I could be wrong.
I will be the first to admit, with so much under seal there is no way we will ever no the real truth as even the original planners have been entirely wrong at times concerning the WaMu case.
Proof of that is 1) Equity was not extinguished and they tried for years to accomplish but failed and 2) WMIH-Corp was obviously planning on moving ahead in the summer of 2015 but 2.5 years later that has yet to happen.
So, when the original planners have been wrong about vital points it is beyond my scope how ANYBODY here can say for certain they know how the details will work out and to me this is laughable at best. We can all have discussions but to the point one knows exactly the details on how this will end up working out again is laughable to me.
***BUT I HAVE NO DOUBTS ABOUT THE FOLLOWING***
*The Holy Grail*RETAINED ASSETS*YOUR HONOR*They Will Still Be There*
The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.
Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
Now you know why I feel the way I do about the following subject
Have I told you lately how much more, more and more I love my Escrow ShareMarkers that continues to grow immensely every single day forward?
