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yeah I'm in a wait and see mode as well...should be very interesting tomorrow and the days leading up to Nov 1st
Next wek is gonna be soooo interesting.
I bet the EC and/or TPS are all over this right now. Damn to bad that Status confrence is via phone...I bet TPS brings this slippage up...sigh
Wish they could have argued that today. :(
So why has the EC not put forth a motion raising this issue in extreme detail or will that come at confirmation, as it is deemed a conformable argument for confirmation only?
So the judge is setting there Butts up...if you want to be heard file a motion as to why you are not adequately represented by the Debtors. Who will throw who under the bus first. :)
You can be heard now ...."Explain it to me now!" DENIED HA
So the judge is setting there asses up...if you want to be heard file a motion as to why you are not adequately represented by the Debtors. Who will throw who under the bus first. :)
Ooooohhhh this is getting good...wow don't the Debtors represent you? She got her spine tight locked and loaded! LOL
Potentially, possibly, and etc shit if we relied on that we would all be rich.
LOL other terrible things may happen like appointment of the trustee or other terrible things. LMFAO...they are killing themselves and the judge is asking good pertinent questions.
Maybe Shore will state the bond holders are getting paid by WMI in the GSA and they belong to the Bank so why would WMI not be responsible?! that will raise the question...lol
what declaratory motion? The Claims for the WMB Noteholders motion or something else?
That would be awesome either way good friendly pac-10 competition. LOL well guess pac12...but I think it will be boise and oregon...I'm routing for boise to make it all the way...as a beaver and former OSU football player it be painful to see Oregon in it, but it would be good for the state of oregon.
Sorry OT!
Go Beavs..much like a civil war the red headed step child will overthrow and destroy the status qou so Ducks and Weil watch out O-S-U Fight-Fight-Fight....
Point taken....I wonder if today will be one of those smalll, insignificant, irrelevant, yet big hearings...where maybe the judge will ask some questions or bring some things up to feel Rosen and others out that may lend itself to some type of insight...
Keeping my fingers crossed...sigh!
I don't think the can do this uzual...although they are all agreeing on the terms of the GSA...what is being released by the Examiner is confidential so they can't share what one another shared to the examiner, am I correct in making that statement?!
Wow interesting thoughts there...are the creditors taking a haircut? if so that maybe exactly what the judge meant by not allowing the use of examiners findings to be put in the DS to solicit votes for approval...
Very interesting, speculative, but interesting nonetheless
inline with my thoughts earlier and now that you mention it...this may very well b e a critical pice of the puzzle!
Ilene is correct I tweeted that the judge said no findings or quotes from the Examiners report should be included in the DS for solicitation!
True strike but fair is in the eye of the beholder I guess...fair to me may be different for everyone else...hell fair to me is $3-8 pps, however, this may not be fair to those longs who have been in longer than me,so before Sept. 2008, who were in at higher pps. But to get anything over a buck would be okay and many may think fair, if they are not trying to be greedy. Because at least they would have made some type of a profit even if minuscule. Sometimes life provides just enough, but not everything even if the justification for desreving more are overwhelming. :)
K I'm gonna shut up now before someone huffs and puffs at me.
So here is what I believe will happen, the surprise will be Solomon's valuation and an EC/Examiner POR that will contain both documents of assets, numbers and proof of the value of WAMU. These will go un-refuted in my opinion as there is no known asset list that exists with the DEBTORS, FDIC or JPM and they have repeatedly stated so in OPEN court. The only way to contest the valuation and EC/Examiner POR will be to provide evidence to the contrary and if they did,questions would come about on where this list came from and etc (fraud hiding assets or producing a bogus list). So really if this is the ECs move the Debtors are kinda screwed and there is no way the could really challenge the valuation and or assets because they have nothing and have said all along there is not list and they were only worth 1.9 billion. :).
This is just my opinion and I could be completely wrong, but just thought I'd throw that out there. Back to being a lurker!
Right, but is it not the debtors that have to post it on KCC and they stated that would be 3 days after the first? But I agree with your logic in that until further clarity we will use the 1st as the date as that's what the Judge and EX WP indicated.
Thanks.
Thanks Catz, but a small correction, by everybody you mean the Attorneys and Judge...we the public won't actually see it until three days later on 11/4!
WTH are you talking about Han Solo?
I too am disappointed, but I guess that's life you win some and you lose some...
However, this may be insignificant or key to everything, but I found it interesting that the judge justified moving forward on two things 1) the timing and 2) because she would rather not see items from the examiners report being quoted in the DS to solicit votes...now the second item may or may not be very telling, but it's one of her comments that just keeps popping up in my head as I try to wrap my head around things.
Maybe I'm just being overly hopeful I don't know, but can't figure out why she made that comment.
Thoughts?
Also even if much of it is redacted...the EXAMINERS RECOMMENDATIONS to the court will not be and with those you can essentially, read between the lines. So we won't really see the report until 11/4/2010 (probably at midnight)!
(LAST POST!)
SF I don't follow you how would they know the amount if its redacted...if they come up with something that no one else saw or is redacted then that would suggest they knew the whole time...is my logic flawed?!
Oh same here, however, its just human nature sometimes to panic and act on emotions 3/12 is a constant reminder of that...I'm just surprised they haven't dropped it yet.
Ill need to just remove myself from the boards until sometime next Tuesday...lol
I updated my post I was just throwing that out there for curiosity's sake, but then did not want to further alarm folks...thanks for the response though!
NVRMND
Is the hearing over just got back on and no audio?
Update hearing is over..text from ilene
Is the hearing over just got back on and no audio?
Thanks Uz
Isn't the TPS hearing on 11/1, where the judge made the comment about folks wanting to ride their coattails? Just for clarification, cause Ilene said 12/1
Yeah you may be right, but who knows!
Ilene just tweeted me: "Arguments right now" SO DS HAS NOT BEEN APPROVED!
Ilene all done and on the call will tweet accordingly for those that can't listen in and your texts if you text me.
WTH why are they talking about BCS standings talk about the damn DS
Take care and GLTA!
Ilene text me as I updated my iphone last night and don't have your number...thanks!
Count me there next time. I'm actually preparing to present in about an hour in DC so was unable to make it, but then again, this was a kinda spur of the moment important hearing. LOL
So three days for them to read it get spooked meet with FDIC and JPM and offer a settlement...wishful thinking,but plausible!
Did or does the Examiner have discovery power or subpoena power of data storage companies I.e. Iron Mountain and etc. Cause I was thinking how funny it would be if the reason we haven't seen any subpoenas is because he had access to those documents and emails and will include them in the final report redacted in some form. Maybe I'm off base and this is wishful thinking but I think if this is in fact the case some people will poop their pants.
CATZ, FSSHON OR MYADAD DO YOU KNOW THE ANSWER TO MY QUESTION OR THOUGHTS?
Thanks!
Also they needed to WAMU to fail to get rid of the OTS as it was a major funder and with the OTS out of the way the FDIC could control all without the need or the OTS making a move before the could...
Dirty MFers...lets just hope the Judge and the EC sees and knows this and the examiner finds much more than this...Sigh
GTLA
Great, short, concise and sweet letter ILS. Now lets see what smart a%% remark rosen makes about this letter, lets see if he still feels its trivial.
On another note did KCC ever post the WMI Note holders intervening motion last night? I don't see it but could be because I was just skimming through...TIA
The Directors and Officers Liability Insurance (D&0) that is referenced throughout AM's billing...
Directors and Officers Liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers for the organization. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. It has become closely associated with broader management liability insurance, which covers liabilities of the corporation as well as the personal liabilities for the directors and officers of the corporation.[1]