Monday, April 19, 2010 4:37:19 PM
Both are in BK.
Leh is Chp 11, and WMI is Chp 11 <-- and it better stay that way Mr. Rosen. Dont try to switch to Chp. 7
(ok, both are in Chapter 11.
) They both have Weil, Gotshal & Manges LLP as lawyers.
No conflict, there is no conflict, not at all.
They both have Alvarez & Marsal as current management.
No conflict, there is no conflict, not at all.
Weil, Gotshal & Manges LLP is negotating with JPM in both cases.
No conflict, there is no conflict, not at all.
Did/Will WEIL sell out either LEH OR WMI for benefit of the other.
Will WEIL sell out both parties, LEH and WMI, for an average payout from JPM.
Will AM lower operating numbers to help WEIL accomplish this.
WIll AM reduce in asset values of either or both companies to arrive at a settlement and their bonus payments.
This is serious stuff folks.
The trading aspect is completely separate and linked through the same market makers.
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