AZ, all I can say is WOW, you just SIMPLY NAILED this and when I read (below) what you just wrote, it sends quivers up and down my spine thinking how I would feel if I did NOT have a LARGE supply of now infamous and BELOVED Escrow Shares.
Wow, this EXCELLENT summation by AZ makes me LOVE my Escrow Shares MORE and MORE!
AZ, thanks again as this is one of the best responses with educated fact based statements, based on the legal and mandated processes of the FDIC, SEC and other Governments agencies.
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Quote AZCowboy:
... BK, Do You Know What Else You Can't Do Anything About ? ...
From BK
Quote:
but there isn't a GD thing that I can do about it
You also can not do anything about the procedural mandate that the FDIC-R will accomplish regarding the dividend returns to the debtors estate ... or' .. to the current holders of the issued trust markers for their release provided ... now that the PA&A agreement has finally terminated ...
Nothing' there is literally nothing that you can do' at all' ... the mandated 1934 Act process will move forward as originally planned'
There is not a thing within this planet, that YOU' or anyone else could do to stop that Government Mandated Mechanism from performing its future tense obligations regarding the returns to the WMI recipients ... Nothing ...
There were lots of people that thought they could "game" the system and that they were smarter than the people that actually negotiated the mediated result ... obviously, they were not ...
Many people made very serious, once in a lifetime errors within their individual financial decisions ... This was a once time chance to hold the golden ring along with the hedge funds for those that listened to Mike W & Ed S ...
During 2008 and all of the financial mayhem that ensued ... the hedge funds saw opportunity where others saw ruin' ... Mike W also saw the possibilities of this one time event and kept equity holders involved within the process' ...
So No, many had their chance, however, became a bit to smart to receive the reward' ...
And also an additional correction ... Equity said a "comprehensive fair and reasonable recovery"
The words matter' ...
AZ
