As a long time reader of these boards (see my past comments), I am glad bk and others write back as often as they do. I have a majority in equity. I only bought piers at the very end.
Ever notice a pendulum? You swing it one way and the other way has to swing back just as hard.
It is annoying for me to read over and over again about how if you have piers that you screwed yourself. People only continue to write constantly cause the other side constantly writes back. In a perfect world, each side would give their 2 cents and leave it at that and wait.
As we all know, no amount of debate or evidence on these boards will change anything at this point. No one on this board has the money to battle this in court. One side is advocating mountains of money based on what they are reading. The other side sees very little from what they are reading.
To say that the side that sees little suffers from the lack of escrows is disappointing. There are other people out there like me who don't really ever post that come on here for a bit of info. We were all hurt by this collapse.
I can still remember the day Rosen sold us out with the GSA. Remember all the to the moons and what not. It is always nice to dream but we all need to be realistic too. I would love nothing more than to wake up a millionaire.
I'm with blue. The real future is WMIH. This is something we can buy and sell. With plans being set in motion, it probably is worth a bit more effort into figuring out what KKR is planning on doing with us other shareholders. Escrows will eventually work themselves out.
