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i hope the EC/Susman takes no more concessions.. either $30-50 billion plus settlement for us.. or the Judge signs off on Mr.Ex.. at which point there will be no point of return
i wonder what rosen is doing today.. lol.
i wonder what dimon is thinking too.
and what about bair?
this is gonna get fun soon. i wanna see people go to jail.
how short a time frame do you think jpig et al. have to call off the examiner? a couple days?.. obviously to call off, a settlement would have to be offered..
rosen is screwed now.
i can't believe they let it get this far. now they will pay for it. dimon's arrogance is gonna sink him along with a whole wack of other people come this fall.
i doubt they'll be able to stonewall the examiner as much as they did to the EC.. the examiner is a 'helper' to the UST / DOJ / Walrath. people can say what they want.. but the justice branch of this country.. as long as its not corrupt.. is still very strong. they will make an example of rosen and his cronies as well as jpm/fdic if they do not cooperate.
wiggle room for them ends when the examiner is able to dig help dirt to help the UST / DOJ put criminal charges on the traitors and adversaries.
i don't think this will drag out that long.. maybe into early / mid fall..once the examiner starts lighting the fire under jpm & fdic's ars.. things will move along quickly.. there's simply too many facts / evidence out there and available that can screw the bad guys up in a very expedited way.
yep. either a nice 30 bil to buy us out and shut up over the weekend.. or something massive along the lines for 50 bil to 100 bil + criminal charges if they wanna challenge us to the end.
dimon dimon, give it up before it's too late.
what does this all mean? we're all gonna be friends now with rosey hosen and team up against FDIC/JPM?
i think someone who attended the july 8 hearing mentioned some lawyers saying there will be a filing favorite to equity that equity holders will like.. anyone hear more about this since then?
rosen must be getting tired of this case.. the last few months.. he's getting beat and beaten more.. and soon, it's gonna get a lot worse for him .. if he and his underlings and overloads don't smarten up soon.. and pay up. it's true that money doesn't solve all problems.. but in a big BK case like this.. the price that's right may save him from rotting with dimon as his neighbour one day
that's the impression i've been getting from some of the yahoo board posters as well.. on monday the UST will appoint THE EXAMINER.. afterwards the train can't be stopped until the very end. right now we know we're going for the ride, not sure which train it'll be.. but will still go on the ride unless something big big happens that compels everyone to stay put.
i hope rosen and his firm gives this a good thought over the next 4-5 days.. afterwards his career and all that he's lied and fought for the past 20+ months will be at stake..
c'mon walrath do the RIGHT THING>
yeap.. indymac & wamu just never add up.. the disparity between the two 'prices' paid is so big.. it would take a complete fool to not see how lopsided they are.
thanks
i have the same question.. what signed order.. order for an examiner? can't be.. as this hasn't even been discussed / debated in open court yet.. essentially anything that was on the docket for yesterdays hearing doesn't need to be done 'hush hush'..
only thing i can think of.. is the ASAP.. 4 billion.. about time that come home to us.
i doubt rosen would ever be genuine about handing docs over. if he did, it be a trickle at a time. this wasn't simply about docs and 'discovery' today.. if it was i think susman would have pushed for the examiner instead.. hopefully it's something more and it seems since yesterday, susman is carrying a big smoking gun around.
yea.. well hopefully all comes to light in the next week or two.
i'm thinking rosen must have a settlement number for equity in his back pocket by now.. he can't get out of this without spending $.. its either spend $ or possible jail time.. lol.
as screwed as rosen is if he comes out saying there's money for equity now (as that would show he's been lying all along).. i wonder, assuming a true settlement is reached, if he can spin it such that JPM is 'buying' off the rest of WMI's assets.. and that it's taken two years for them to figure out the value of those assets... that would help rosen explain why there's been no list of assets transferred and the works to this date.
i wonder what susman has in hand / knows.. to agree to this delay
is the hearing audio file going to posted it up somewhere afterwards?
less than 24 hrs to go!!
maybe it's just me.. but i think it's almost a no brainer that she'll have to reject that POS POR/DS.. it's full of holes like swiss cheese, hasn't really changed in content in its last five versions, missing numbers, assets, valuations .. there's no way she can approve that. her integrity is at stake come thursday.
boom. up 10% in frankfurt. for the moment, it looks like it's just a catch up to Friday's US close..
i wonder if it'll turn out to be like that week before.. what was it? 3/26? (when rosen dropped the bomb on us).. it would sure be nice to see a nice green wave.. and hopefully the wave keeps going..
or..
i've also come to accept the last hour of trading today was just another bout of MM playing games.
awesome letter.
i hope walrath reads this and takes some action.
her inactions thus far may be some kinda of judicial posturing.. but the time has come for her to step up the pace and give direction to this case.. only then will we see if true justice can prevail in this case.
pls read the ibox.. there's simply too much that has gone on the past 22 months to be brief.
theoretically speaking.. if judge walrath continues to act as a dud.. who / what could remove her as judge of this case and replace her with someone else? which higher authority?
it's been pretty quiet the past week.. calm before the storm??
simply said. walrath sent susman / EC off to do our own discovery and investigation. fine we're trying to do it, but weil is not cooperating.. and so the spotlight goes back on walrath.. what will you do about it now good judge?
walrath appointed the EC, then she told us to go find out info on our own. and now we're telling where what we'd like to go look at.. no brainer for her to grant us discovery then.
as for rosen. time to smack him out of the way. deny his POS DS/POR and let others take over. i mean why the hell is he so concerned anyways, he'll still take home a boatload.. although as time passes, he might need to share a bit more now haha..
yep we'll see if she contradicts herself next wk.. she said we can do our own discovery and that weil needs to hand over the docs.. well let see if she enforces what she says.
will June 3rd truly be the day we see what Walrath is made of? i.e. is she gonna stand up for justice and make her name in American law.. or will she become another foot note who was too weak to hold up the laws.. we shall soon see.
the EC should just continue filing motions and docs like no tomorrow. we have nothing to lose at this point and everything to gain. go EC!!
in less than 12 hours, this BK case will become a whole new game.
i.e. (5) the need for an expeditious resolution
no rush, there's no rush. wmi doesn't even have a business no more. even judge W asked rosen 'why?' last week.
nice nice.
at the moment weil's POS POR fails all of points you've bolded.
lol down 17% in frankfurt right now.. i wonder if it's mm's or scaredy cats.
the UST seems to be a just and honorable member of the justice system so far.. i'm sure he'll stand up for us EC.. he helped the EC get formed, backed the Examiner.. and so i think he'll help us see this thing through and support us in whatever way he can.
and simply said. if all goes the shiats.. i'm sure the EC will submit their own POR post May 26th.. you can bet then that questions will come up as to who's telling the truth
does the UST need to sign the POR too?
and yea. how does rosen justify gifting tax refunds to jpm. it's simply illegal to do so is it not? since jpig got TARP.