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Jack, this whole process is nothing but a fraud. Common sense would tell ANYONE where there are billions of dollars at stake, it SHOULD require a jury. Any one person is to easy to corrupt the system and that is probably why it is the way it is, so they can. It would be extremely difficult to corrupt an entire jury. We have juries for criminal nature but not where there are billions and billions of dollars at stake.
Who ever thinks this Judge has NOT been threatened, talked to or other is simply not living in a realistic time period. My God, almost three years and this Judge still does not know what was transferred to the criminals. Did one ever think that may be by design? This is American Justice at it's worst, bought, paid for and sold to the highest bidder where jusice has very little to say!
Excellent, excellent and EXCELLENT UZ. Great find and I agree but you will get some pushback from those naysayers discussing the civil claims are still intact similar to the O.J Simpson case. I still think we have allies in and around the three branches of the US Government as equity keeps getting these mysterious and never planned pluses such as ANICO, Stern and more. I am getting ready to count some LARGE GREEN!!!
Timing...Friday night before the written exam! A prelude to later this evening/weekend?
Obviously we know that this is all connected, but of all the other weekends, days of the week and so on, why did they pick tonight? This being the last weekend before the big exam from Susman that is due on 8/10/2011. This could be a coincident, but has all the making of something more to come either tonight or later this weekend.
Again it will be hard to believe that Rosie is going to let this Judge rule on him and his firm’s history with all of the wrong doing that came out of the hearings. The Horsies as we discussed threw Rosie under the bus. If JPM/FDIC is not dealing then Rosie I would think would have no choice other than to issue POR 7 with Equity and let JPM/FDIC go at it with Equity outside of chapter 11. We WILL know VERY soon of Rosie’s choice.
Oil, sorry LG does not have private messaging but all is good and I am ready to start counting Large Green!!!
Lookout Rosie-Susman details.
Very interesting details of recent billing by Susman!
• PDF 20 of 48…researching legal claims against Directors for improper dividends
• PDF 20 of 48…Reviewing and editing settlement deals with Fried Frank
• PDF 21 0f 48…Attending settlement deal with Debtors, Creditors Committees, settlement noteholders and others
• PDF 22 of 48…Discussing settlement negotiations/strategies with Willingham.
• PDF 23 of 48…Conferring with Equity Committee by phone reference settlement. Reading and responding to emails from opposing counsel reference settlement.
• PDF 24 of 48…Reviewing tolling issues/statute of limitations against Directors.
• PDF 25 of 48…Reviewing Directors/Officers claims and settlement proposals (Bank of America?)
• PDF 26 of 48…Many, many claims researched against Directors throughout entire bill.
• PDF 27 of 48…Reviewing settlement proposal from Killinger’s attorney.
• PDF 29 of 48…Conferring with R. Stark reference settlement throughout the entire bill are various types of settlement proposals and discussions. Conferring with Brian Rosen about Directors/claims settlement and upcoming meetings and claims with Directors/Officers.
• PDF 30 of 48…Conferring with Equity Committee reference settlement.
• PDF 35 of 48…Conferring with trial team reference ANICO ruling.
• PDF 36 of 48…Reviewing DC action reversing ANICO opinion.
• PDF 39 of 48…Reviewing correspondence of the Debtors and creditors counsel.
• PDF 40 of 48…Preparing for 30 (b) 6 deposition of Debtor.
• PDF 40 of 48…Discussion with PJS discussing valuation of reorganized WMI.
http://www.kccllc.net/documents/0812229/0812229110803000000000011.pdf
Ultimate decision time for Rosie-Assuming JPM/FDIC is not making a deal!
One has to think what the POS POR 6+ decision would do to the Horsies if denied along with disgorgement. Keep in mind they are not a signatory to the Global Settlement. I would have to think the Horsies would go after Weasel/Gotcha/Mangle for billions in malpractice, failure of fiduciary responsibility, unethical behavior and just plain fraud plus Rosie could/would lose total control of this case, open ended liability from many, many different angles and sources. In my opinion, JPM/FDIC threw the Horsies and Rosie under the bus when the Horsies were forced to be deposed due to no settlement. Time could fast be running out on Rosie after Susman pulled out of the agreement that Rosie haphazardly announced due to whatever reasons. How can Rosie continue and let Walrath make a decision on the POR (unless he already knows) as he would be putting his entire firm at risk?
This would be assuming Walrath would do right by denying the entire Global Settlement and total disgorgement of funds from the Horsies. I think without any deal from JPM/FDIC which in my opinion is very remote or any other deal from Susman/Horsies, Rosie has two choices for protection. One is to pull WMI out of the Global Settlement and the other more likely one would be to issue a new POR with Equity and not include JPM/FDIC. Then WMI would give releases to Weasel/Gotcha/Mangle and free to exit chapter 11 and continue pursuing JPM/FDIC and others. This could happen before the written summation on 8/10/2011 but would have to happen before 8/24/2011. With all that was disclosed from the hearings, I have to think the Weasel/Gotcha/Mangle have to seriously be considering one of the two options I discussed above and if they are not, it worries me they know of a predetermined outcome.
fsshon, excellent summation if there was any justice involved. This Judge has not shown any evidence or proof that she has an ounce of leadership capabilities that would be needed to enforce the laws of the court/land.
I have NO DOUBTS equity will be and is in the money, but it will only be because of actions of others outside of the Judge that you already mentioned.
I will still give credit to this Judge for NOT approving the POR in total because we would not be here and equity would have already been cancelled. I cannot believe she did not approve the POR in total after destroying equity with the remainder of her POR opinion. This puzzles me to this day. If you are going to cover these criminals up in total, why the hell did she concern herself with releases? Thank God she did.
Since the Judge had a HUGE hang up on NOT approving the releases the last time, how could she bring herself to go against the Supreme Court ruling (Stern) this time? This one action alone tells me she could not approve the POR even though she badly wants to.
Rosie's worried-Higher WMI equity prices-Rosie RUINED if no deal!
Rosie must really be concerned about higher equity prices for him to make a very small two page filing on Saturday morning discussing a one week delay. He must be afraid of the attention equities will get from the financial world if indeed the prices go to levels they should be based on the failure to get a POR passed in almost three years. If JPM/FDIC does not capitulate by 8/10/2011, one of a couple actions will happen. I believe Rosie has to protect him first so if the JPM/FDIC does not chip in Rosie really only has one choice left. That is assuming he does not know what Walrath will do and that is to pull WMI from the Global Settlement which will be devastation for Weasel/Gotcha/Mangle anyway.
http://www.kccllc.net/documents/0812229/...
The ONLY way Rosie can escape this travesty he has presided over is to get a settlement and anything less spells total disaster! One has to know Susman is sensing Rosie’s ultimate disaster and may have increased whatever he would have taken as little as two to six weeks ago. Rosie’s choices have decreased substantially. This latest action (delay) shows that equity is most definitely “in the money” as there is absolutely no reason for a delay at this point other than to say Rosie is starting to panic. I have said many times that JPM will “eat their own” and they may have told Rosie they see no reason for a deal on their end. Weasel/Gotcha/Mangle has way too much dirt on JPM and vice versa, so I do not expect much from either end if they are setting each other on fire. This is really going to get good and the volume on equities will be very interesting starting on 8/1/2011
Hello fsshon, I would like your thoughts on an ealier post of mine and I may just go out on that limb again. I totally healed and prepared for more. Is that the definition of insanity, doing the same thing over and over and expecting different results? I say no, this is different and how do you like that as I can even answer my own questions...LOL
Something to ponder between now and 8/15/2011!
Most of us have thought about everything that has gone on in this travesty, both positive and negative. After all, we have had three long years for us to drive most thoughts home. When I look at what transpired in the hearings and look at it from a “cover up” point of view as that is how this case has been treated from inception, I have a hard time figuring out how to approve this POS POR 6+. The Horsies put a real twist in covering up this case. I think it would be a real stretch to try and say they did nothing wrong, thus paying them the Contract Rate or even the Federal Judgment Rate in order to approve this mess. On the other hand, if I would impose either the FJR or the harsher penalty, then I am suggesting there is no way I could approve the Global Settlement much less the POS POR 6+. I will not even go into the other many, many reasons both legal and illegal why the plan should be denied, other than to mention the Supreme Court (Stern) ruling and ANICO which should be more than enough for the Judge to keep her from approving.
I would like to talk about the timing of many actions which were and were not taken by the Equity Committee according to some and due to the amount of corruption/fraud, justifiably so. Without going into many details, I will just say our legal team has shown they are truly working for the best outcome with the timing of hiring and other actions which is extremely important. We would NOT want to give our enemies too much notice on any action we pursued. We know the Judge in this case without any doubt has wanted a settlement by the parties to put an end to this travesty, but so far this has escaped in total. Now the Judge has a MUCH harder decision (s) than she ever had since the first plan, due to the amount of coercion, fraud, dishonesty and evasion of asset value (s). If I read this Judge correctly, she will not get a settlement unless there is an option and that option has been discussed many times earlier by me and others. Using the known values and Rosie’s own numbers, it would seem to me if the Equity Committee was ever going to issue a respectable POR satisfying ALL debt, the time would be somewhere on or before 8/15/2011 and maybe on 8/3/2011 with the final summation. If Susman ever had a true “shock and awe” and if the new POR is it, the time may be very soon. The timing to me would be impeccable to the point of perfection if this is in the cards! Once again, show all of the fraud, corruption, and failure of the Debtor’s fiduciary responsibility and give the Judge an option she cannot refuse by holding that card to the very end.
Something to ponder between now and 8/15/2011!
Most of us have thought about everything that has gone on in this travesty, both positive and negative. After all, we have had three long years for us to drive most thoughts home. When I look at what transpired in the hearings and look at it from a “cover up” point of view as that is how this case has been treated from inception, I have a hard time figuring out how to approve this POS POR 6+. The Horsies put a real twist in covering up this case. I think it would be a real stretch to try and say they did nothing wrong, thus paying them the Contract Rate or even the Federal Judgment Rate in order to approve this mess. On the other hand, if I would impose either the FJR or the harsher penalty, then I am suggesting there is no way I could approve the Global Settlement much less the POS POR 6+. I will not even go into the other many, many reasons both legal and illegal why the plan should be denied, other than to mention the Supreme Court (Stern) ruling and ANICO which should be more than enough for the Judge to keep her from approving.
I would like to talk about the timing of many actions which were and were not taken by the Equity Committee according to some and due to the amount of corruption/fraud, justifiably so. Without going into many details, I will just say our legal team has shown they are truly working for the best outcome with the timing of hiring and other actions which is extremely important. We would NOT want to give our enemies too much notice on any action we pursued. We know the Judge in this case without any doubt has wanted a settlement by the parties to put an end to this travesty, but so far this has escaped in total. Now the Judge has a MUCH harder decision (s) than she ever had since the first plan, due to the amount of coercion, fraud, dishonesty and evasion of asset value (s). If I read this Judge correctly, she will not get a settlement unless there is an option and that option has been discussed many times earlier by me and others. Using the known values and Rosie’s own numbers, it would seem to me if the Equity Committee was ever going to issue a respectable POR satisfying ALL debt, the time would be somewhere on or before 8/15/2011 and maybe on 8/3/2011 with the final summation. If Susman ever had a true “shock and awe” and if the new POR is it, the time may be very soon. The timing to me would be impeccable to the point of perfection if this is in the cards! Once again, show all of the fraud, corruption, and failure of the Debtor’s fiduciary responsibility and give the Judge an option she cannot refuse by holding that card to the very end.
mordicai, thank you for all you do as I and many others really appreciate your thought process and due diligence. I know I have asked you before but do you mind if I post your post on Y?
I agree but worries me with this Judge is even though we do not think she has jurisdiction to rule on the final POS POR 6+ is if she signs it anyway, Rosie will immediately disperse the funds making us "equitabely moot" and then stock is suspended permanately. I do not know if there is an emergency filing he can do to keep that from happening or not but I do not want to find out that way.
Greed=bad decisions=time/delay=Loss of control=Rosie’s firm destroyed!
We are on the last furlong to see if Equity is “in the money” with as long as seven weeks to maybe only days or hours. So far we know that 8/3 is the date for written objections and 8/15 is the final date for oral arguments, but there are far more important, self destructive actions and decisions that have to be made. Some of these decisions and actions may destroy many careers and families due to continuing bad behavior and just plain greed. The way I see it, Rosie’s actions and decisions as far as the Estate is concerned could be coming to an abrupt end and I do not mean by any decisions from the Judge, yet. When we look at all of the evidence, I believe it is safe for me to say that I believe most will say there is overwhelming evidence of nothing that could be considered “fair and reasonable” with POS POR 6+. With that said, can Rosie gamble on Walrath’s decisions which could be as easy as giving the Horsies the Federal Judgment Rate which puts A>L, thus increasing the waterfall to preferred equity and this does not include the NOL’s or the NEWCO. If Rosie does not know what the Judge is going to do, how could he gamble his entire firm by risking that Walrath turns down not only the POS POR6+ but also the Global Settlement which should also include total disgorgement of the Horsie’s claims of over two billion dollars, thus putting Equity in total control?
One has to think what this decision (s) would do to the Horsies and keep in mind they are not a signatory to the Global Settlement. I would have to think the Horsies would go after Weasel/Gotcha/Mangle for billions in malpractice, failure of fiduciary responsibility, unethical behavior and just plain fraud plus Rosie could/would lose total control of this case, open ended liability from many, many different angles and sources. In my opinion, JPM/FDIC threw the Horsies and Rosie under the bus when the Horsies were forced to be deposed due to no settlement. Time could fast be running out on Rosie after Susman pulled out of the agreement that Rosie haphazardly announced due to whatever reasons. How can Rosie continue and let Walrath make a decision on the POR (unless he already knows) as he would be putting his entire firm at risk? This would be assuming Walrath would do right by denying the entire Global Settlement and total disgorgement of funds from the Horsies. I think without any deal from JPM/FDIC which in my opinion is very remote or any other deal from Susman/Horsies, Rosie has no choice except to pull WMI out of the Global Settlement. This would happen before the written summation on 8/3/2011 but would have to happen before 8/15/2011. With all that was disclosed from the hearings, I have to think the Weasel/Gotcha/Mangle have to seriously be considering pulling WMI out of the Global Settlement and if they are not, it worries me they are know the predetermined outcome.
Xoom, yes I think you are correct but everything is being moved forward due to scheduling conflicts and other. Keep in mind the delays are probably the main reason we are still here. I like most want a resolution and as far as knowing if Equity is in the money for sure, we are only at the most seven weeks and possibly as little as only hours or days. We are almost there, so keep the faith and I have NO DOUBTS we are IN THE MONEY NOW!!!
EC attorney Parker Folse asked to have this moved when they were discussing written summations last Thursday. I do not know what was decided for sure, but more than likely this will be moved due to conlfict with timing on the summation which ws not planned.
A suggestion for long term WaMuer’s - This will make you feel very good!
I made my first pre seizure purchase of WMI securities three days before this infamous date and deflated, mad, hateful would be a kind way of stating what I thought/felt at the time. Well fortunately or not, I acted quickly and figured out a way to make lemonade out of this lemon that was forced on me. I was able to listen to about forty percent of the Confirmation Hearings and believe me; I have never felt better about my large and continued investment in WaMu. The way I feel now is completely the opposite of post seizure and I look to the future as having wealth one could have only gained by hitting a large mega state lottery in three years or less. My reason for this post is to ensure long term investors of WMI securities to take the time and SLOWLY read Susman’s objections to the POS POR 6+, since by now most of us heard some or all of the hearings.
Then you will understand why I feel very comfortable, at ease, relaxed and not lurching forward to the next filing and the reasons for this are explained in great detail in the objections. There is no way on EARTH that this plan could be considered fair and reasonable in the least. I will go one step further to state that this plan has so many illegal and unjust acts that to approve this is tantamount to committing the very crimes these perpetrators have and would call for charges of aiding and abetting multiple crimes by the court. After listening to the hearings and slowly rereading the objections, Susman’s brilliance hammers home the aforementioned. I cannot EMPHASIZE enough to read and reread these objections and you will feel just how GREAT I am now feeling!
http://www.kccllc.net/documents/0812229/0812229110712000000000032.pdf
rockie, as much as I hate to admit it, with the amount of corruption and fraud involved, it cannot be dismissed. I am LONG and STRONG to the VERY end...win...lose...or...draw!!!
mordicai, I agree whole heartedly with your VERY sound and well reasoned post. I guess the only reason JPM would NOT settle is because they already know a predetermined decision and that my friend is very scary!
SAPer, I think your post is very sound with solid reasoning. These are my very thoughts that I picked up on at the end of the hearing today from Parker Folse. They seemed like they had a deal and we would have only taken it easy on Special K. for one and only one reason and that being signed term sheets on some sort of deal!!!
Some thoughts and questions for today 7/21/2011
I thought our very own people took it very easy on Special K. today. Let me emphasize, I did not get to listen that intently and to that end, when I did it was some here and there. My perception could be totally wrong but if it is not, there could only be one reason we would have taken it easy on him today. I am sick of discussing the term myself, but I also judge according to one’s actions and if taking it easy on Special K. today was accurate, then that means signed term sheets for some type of deal with the Horsies before Walrath gets a chance to sign this POS POR 6+. This could possibly send the Horsies away for many, many years. They certainly have to be worried and if they are not, I AM! I would like to generate some discussion this evening about Special K. interviews this morning/afternoon.
fsshon, as usual you have a vey good assessment and I agree on the most part. I have always said if the Judge wanted Equity to have anything, it was the NOL's and the small newcompany, exit chapter 11 like you suggest and carry on. One problem is the Judge has been doing ALL in her power to protect JPM, but that now has problems and falling apart at the seams. With ANICO, Stern and the SC decision, the best thing the Judge can do now other than completely deny the G.S. is to redo the POR herself by modifying Rosie's mess. She could give the access to Equity but that puts A>L and brings the Judge more issues. Many ways for this to go still and I think the idea of cancelling Equity now is only but a dream for Rosie!
The Judge’s action’s very telling-Only positive this time!!!
From my observations early on when Thoma first testified about insider trading (at that time-hearsay) I have noticed and commented frequently to friends in the know about this case that the Judge was very interested in the hearsay of Thomas’. With that said the Judge used this “hearsay” and commented on it at least three times in the POR Opinion on 1/7/2011, knowing full well that the Susman Group would seize upon. Without question, they did and asked for and was granted discovery, albeit limited, but enough to do immense damage to all and should be more than enough to deny the Global Settlement. Why is the Judge so interested in this insider trading activity and could care less about a solvent corporation with over forty thousand employees that was seized illegally with billions in cash? Very, very troubling when one looks and judges the actual actions of the Judge.
I feel there is no doubt that this Judge is going to find these people guilty for insider trading and no doubt they are guilty beyond any reasonable doubt. So, is this just a Political agenda set up by very high Government Officials to tie in to the upcoming elections since the favorite appetite of the U.S Government is (fortunately for us) insider trading? This Judge has NEVER in this case been MORE attentive, curious and appears someone who wants to bring justice to the insider trading piece, when in fact this was the small part of the over crime (s) in what has to be the World’s largest bank robbery the public has never heard of. I feel Susman’s group after proving beyond ANY reasonable doubt that NONE of this mess is “fair and reasonable” and also proves the Horsie’s have to give up ALL of their ill gotten gains/claims will enter a new POR using the known available numbers with also a potential (s) interested entities.
Rosie's forehead-Multiple tire tracks!
I am curious here but just with the emails that Gropper testified about coming from Rosie and now we know are in evidence, isn't this enough to fry Rosie and the entire Global Settlement? I am looking for knowledgeable answers to this question and thank you in advance.
Uzual, not to worry as that works BOTH way and also helps Folse who no doubt is getting tired as well.
Is Rosie at this hearing as I have not heard his whining voice yet?
WithCatz, I would like to first, thank you and all you have done for the true honesty, integrity and well seasoned reasoning in the past and I am sure going forward with this case. These are key points you list and I agree whole heartedly and without hesitation. Keep up the EXCELLEBT work, take care and good luck to you and EVERYBODY who is serious about justice and the Judicial System as a whole.
I changed courses on the Judge-If No Deal-G.S. POS POR 6+ denied!
I may catch some but I have thick skin so “no worries” here. I may upset some in the legal field but I am going on actions of the court and let me say FIRST, they have disgraced the U.S. Constitution and the U.S legal system, so “no worries” there either. I look at the Judge as a high ranking corporate employee and dare I give her credit for a CEO title, regrettably yes I will. With that said I have worked around one of the larger corporations in the U.S. for many years and have learned the corporate structure very well. I know how it is to be in a position in management where difficult decisions are made in areas such as finance, marketing, operations, diversity and much more. It goes without saying that not everybody is going to agree, so ones actions are very “telling” in terms of your advancement. How do you disagree for example? Do you fly off the handle, bury people, threaten people or is it done professionally? As one grows through the ranks, much should be learned, earned, respected, saved and experience taught to others as they taught you and of course groom your replacements. After this Judge has protected her so called corporate employees such as JPM/FDIC, I would think she would be VERY upset at ‘these people’ for forcing her to continue to look like a criminal who is aiding and abetting multiple crimes. This Judge has to be thinking without giving any idea to her fellow corporate employees, why have you NOT settled this with some of your stolen money as this is really starting to boil. One would have to assume she does not want to be taken down, if this should not go how they had it planned and this is two years OVER what they had planned.
I feel the this Judge is under the exact same principle although it is not suppose to be this way and none of them will agree but this Judge’s actions in this case are just too telling. So I will get to my point of why I have change my course and view on how this Judge will arrive at a decision on this so called Global Settlement. There is no question that this Judge and Rosie had been handpicked for this case. With this case almost out of TOTAL control and no REAL ending in sight other than the hope for a settlement, this Judge has serious problems in her court along with real personal problems as well. With the two new decisions such as ANICO, Stern, one or more of the Horsies filing objections, insider trading without question, assets larger than liabilities only masked by more fraud, Maxwell’s opinion on a very successful ongoing concern and much more, the river’s bottom has fallen out of this case and it is ready to explode into a full blown worldwide catastrophe with worldwide negative implications. This Judge has no other decision other than to deny unless she want to bring true devastation and worldwide attention to the real corruption that goes on in the Delaware courts. They may not want to sacrifice all of this for JPM. This Judge gave them three years, 85 billion in unjust enrichment monies so as with any abuse, one has to know when to hold them and when to fold them. This Judge will HAVE to deny the G.S. with not having to rule on difficult decisions such as jurisdiction, fair and reasonable appeal she cannot win otherwise truly exposing her totally one sided “case altering decisions.
The beginning of the end and FINALLY!
With JPM/FDIC effectively throwing the Horsies and Rosie under the bus we are down to the wire. You can rest assured of at least one general fact that will happen. That being since the Horsies have been wasted by the main player here being JPM, you can bet they will not hold back if they have to testify which has to make for a VERY disturbing weekend for the Horsies and Rosie, their passive leader. Then an amazing twist just minutes to hours before the Horsies had to testify and be grilled under oath, guess what, expect the unexpected-somebody died. This is the end of the beginning. Normally when jail time is facing several people directly and with Raja sentencing on insider trading charges expected around the first to middle part of August, I am sure most little games are about done. When and if (will not) they testify they will not only be facing insider trading charges, now because of Susman’s strategy they will also be facing perjury charges.
Now we know they cannot settle this on their own, but they can certainly destroy the POS POR 6+ while decapitating Rosie at the same time. Now I know Rosie is not going to jail for these Criminals at JPM/FDIC, so as I have said before Rosie will either pull WMI (if JPM/FDIC does not cooperate) out of the Global Settlement, delay or settle. So now it is JPM/FDIC’s turn to act and what they will do is anybody’s guess due to their extreme corrupt, threatening and destructive way of doing what they call business. We have FINALLY reached the point where people actually have to worry about losing their freedom and yes this is the only thing these kind of people understand. Stay tuned as Equity is in a VERY good position and our time NOW is down to days-maybe only hours.
Finale to the Confirmation Hearings-It should be very interesting!
I have done plenty of research on Team Susman and so far we have not been sold out and at this point in the Confirmation Hearings, it appears the Susman group is living up to it historic and successful history of winning cases. With that said, if Susman himself show up more than likely it will be near the very end or at a point in this court process where he delivers “the icing on the cake” or his “case altering” information. My guess on this “case altering” evidence or information may be two-fold. With this I mean it could be PJS/BDO offering what could be a back door entry of a new POR by suggesting using the known numbers the POR SHOULD look like this to feel the court’s appetite, followed at some point by a NEW POR.
This in turn backed by some of the known parties making Equity whole, exiting chapter 11 and continuing on with a solid business plan. This could also be backed by interested entities that could make use of the NOL’s in the manner they are designed for. There are several opportunities and to suggest there will NOT be “other” interested parties in one form or another is being naïve. Smart and astute business people are not going to let the theft of worldwide historic proportions slide by unnoticed. For those “naysayers”, keep in mind one thing, there will be many more positive actions happening for Equity before the end is written. With that said, the main “case altering” positive result will come from EXPECTING the UNEXEPECTED!
Mord, as always enjoy your posts and of course your response makes a lot of sense. Thank you, take care and good luck as well!
One Question and DO NOT take it the wrong way?
I do not want to be a downer here but realistic. If this Judge was NOT going to approve this POS POR 6+, why would she continue the Confirmation Hearings before ruling on whether she has jurisdiction? This is of PARAMOUNT importance. This is also disturbing because as soon as she signs this POS POR 6+, Rosie will immediately start dispersing the funds and a very short time late equity will be cancelled. Do NOT misunderstand me, I still believe Equity will be victorious, but this question is troubling to me.
It is time for your ABC's!
Here we are folks at another crossroads for this travesty that has resulted in multiple crimes being committed and the original crime as bad as it is/was may start taking a back seat to the OVERALL cover-up. It just does not appear the Criminals have any common sense left as greed; corruption overpowers their good judgment, just as any abuse of drugs and alcohol. I am back to the common sense level that when you stand back from a distance and look at the mess all of these Criminals including Weasel/Gotcha/Mangle have found themselves in, it would be very hard to believe if you did not know. Who would have thought that the very top people in the US Government and some successful organizations along with the legal profession would have made such an embarrassment, mockery and showed the level of corruption of the Unites States in present day? This case alone would make any third world country look like a Saint.
I feel we are down to these three choices and while delay may be the most popular choice, I still feel strongly that unless a settlement occurs or a delay that Rosie has to pull the Global Settlement. I just do not believe Rosie can go through with POS POR 6+ without enhancements or change and if anyone can explain how Rosie could avoid the charge of bankruptcy fraud if he does, I would like to hear from you. I say this assuming Susman and PJS/BDO have finished WMI’s pre/post chapter 11 filing valuation in total. We know for a fact it was delivered to Rosie and others through court filings. It would seem once Rosie and company have been notified of the assets that are missing, he would have to show them and I will not get into value, other than to say the assets would have some value. It would be interesting to see the Posters thought on this topic. Unless a settlement is in the offing, I would expect some sort of filing this evening and it could come after 9:00pm Eastern Time if there is one at all. A settlement IMHO, if there is one would probably come next week some time.
A…Delay
B…Deal
C…G.S. pulled
fsshon, I think you may be on to something here. To me this makes much sense. You know that I have repeatedly said here and on Y, after blacking this travesty out worldwide for almost three years and they are going to show the world everything during three or more days starting this week? I have never believed they would allow this corruption out in the main stream and I still stand on this.
They may get through the slow and boring stuff on the first of the hearings, but they will NOT GO FULL STEAM on this travesty. Not to mention that Rosie was notified of all of the OTHER assets and if he continues to push POS POR 6+ without enhancements/changes, he has officially committed bankruptcy fraud and he IMHO, WILL NOT do this. He would pull WMI out of the Global Settlement first. Get ready for the end of the beginning and watch equities fly VERY SOON at a broker near you!!!
Wow, Wow and MORE WOW's...thank you
How can Walrath begin Hearings before ruling on Jurisdictional issues?
With the Confirmation Hearings fast approaching on 7/13, how can this happen without ruling on what Walrath can legally rule on? Kind of like putting the cart ahead of the horse and she will make a further travesty of this case if she allows this to start. It is very alarming to the point of these Hearings going forward tells one the outcome is already predetermined. The way this court has protected JPM/FDIC, the outcome would certainly not be in Equities favor which means if she approves this POS POR 6+, Susman would have to file a stay under exigent circumstances to prevent the cancelling of equities and payout of monies. There is so much wrong at this point it would seem the only rational thing to do is delay these Confirmation Hearings in order to sort out this courts jurisdictional issue (s).
Next I cannot see how Rosie can go forward as I have said several times after being informed of what is/was actually in the Estate and where these subsidiaries and other missing assets are. After having said this several times, is there anyone who can explain how this would not be bankruptcy fraud? This assuming Rosie goes ahead with POS POR 6+ without any enhancements or changes to answer Susman and PJS/BDO valuation of the Estate pre/post filing that Rosie was served over the last two weeks? It appears JPM has thrown Rosie under the bus after forcing the Horsies into depositions by not settling this case. There is no question with what has been shown the EC will be able to prove insider trading and not to even mention the other crime of perjury by the Horsies, thus triggering more monies to the Estate which would put assets greater than liabilities. These actions will most definitely solidify this court as a true Kangaroo Court in Delaware.
I still look for one of a couple actions happening before the second day of Confirmation Hearings if not before. If there is not a delay, a settlement then one would have to assume that Rosie would have to pull WMI out of the Global Settlement before entering too far into the Confirmation Hearings to the point he drowns himself. One would also have to assume that Rosie will not risk prison for these Criminals, so he WLL take one form of action or another before it is too late for him. I look for filings/rulings/decisions to happen before the fireworks actually start on 7/13/2011. Keep in mind folks, I find it EXTREMELY difficult to believe that after almost three years of coercing, threatening, libeling, slandering and a total blackout worldwide on this case, these Criminals are going to air this ALL out starting on 7/13. I will say again, I will be TOTALLY shocked if this happens and I will still be looking for a NEW POR VERY soon.
Delay, Deal or WMI/JPM/FDIC ends G.S?
Here we are folks at another crossroads for this travesty that has resulted in multiple crimes being committed and the original crime as bad as it is/was may start taking a back seat to the OVERALL cover-up. It just does not appear the Criminals have any common sense left as greed; corruption overpowers their good judgment, just as any abuse of drugs and alcohol do. I am back to the common sense level that when you stand back from a distance and look at the mess all of these Criminals including Weasel/Gotcha/Mangle have found themselves in, it would be very hard to believe if you did not know. Who would have thought that the very top people in the US Government and some successful organizations along with the legal profession would have made such an embarrassment, mockery and showed the level of corruption of the Unites States in present day? This case alone would make any third world country look like a Saint.
I feel we are down to these three choices and while delay may be the most popular choice, I still feel strongly that unless a settlement occurs or a delay that Rosie has to pull the Global Settlement. I just do not believe Rosie can go through with POS POR 6+ without enhancements or change and if anyone can explain how Rosie could avoid the charge of bankruptcy fraud if he does, I would like to hear from you. I say this assuming Susman and PJS/BDO have finished WMI’s pre/post chapter 11 filing valuation in total. We know for a fact it was delivered to Rosie and others through court filings. It would seem once Rosie and company have been notified of the assets that are missing, he would have to show them and I will not get into value, other than to say the assets would have some value. It would be interesting to see the Posters thought on this topic. Unless a settlement is in the offing, I would expect some sort of filing this evening and it could come after 9:00pm Eastern Time if there is one at all. A settlement IMHO, if there is one would probably come next week some time.
A…Delay
B…Deal
C…G.S. finished
D…Other
Good morning Jack. Thank you for everything you have done and I always look forward to your friends discussion.
SF, now I think people think I am crazy when I talk 50-100 dollars a share knowingly it would be worth more like 140 dollars a share Wwith damages the criminals have caused along with the total net worth of the Estate. Then there is unjust enrichment off the cash we had, but now yours is really a stretch. What really irritates me now is that I hear people talking a dollar or two a share and I get very mad at myself that I am down from 140 dollars a share to under 20 dollars a share. As a matter a fact, at this point I am just hoping we are not sold out again. I have no feeling and no worries that we are, but until I see something in writing, I DO NOT TRUST ANYONE except my little friend, the Rally Monkey!
I will take my chances ANYDAY with a jury as that is the ONLY thing these criminals are afraid. They know they would lose this case in this atmosphere. They could not even take a chance on the jury because the award the award would destroy JPM and the FDIC.
fsshon, you are in my opinion ABSOLUTELY CORRECT in that the Judge signed this for TPS to be able to get the EC's material and twist their XXXX. I agree the Judge did this to ESNURE settlement of some sort with the EC.At this point I could care less about motives as long as there is LARGE GREEN for WaMu securities and all of them!!! I imagine Susman's Laywers were listening to this Omibus and when the Judge SHOCKINGLY gave this to TPS, they probably had the papers to TPS before Rosie was able to clean his drawers out after TOTALLY soiling them!!!