"I have been a full time trader for the past 20 years or so. A long way from my corporate career but much more enjoyable. My bread and butter for the first 10 or so years was tick trading and never holding any positions over night and for the last 10 years I trade options on commodity futures. During that entire time I have always found trading in bk's fun and entertaining. I am mentioning all this because it leads to one point, I have never seen a bk work out to the share holders advantage. I know there have been a couple of times in smaller bk's where the vast majority share holder (usually former owner) fought for share holders and share holders came out whole. But in any bk controlled by a bod I have never seen the shareholders win. It doesn't mean a trader couldn't make good money flipping the pinks back and forth for a couple of years until the mm's were done playing with it, but I have never seen a bk where long term share holders sitting on their shares win. Why, because the game is rigged and the courts don't care and lastly, unless a lawsuit is filed it is not comprehensible for me to think that jpm or fdick are working on behalf of escrows. We have zero representation, susman has billed practically nothing over the last 3 years compared to rosen who is in bed with jpm. so how do escrows win. I see no path."
long ago no one has ever seen an airplane
long ago no one has ever seen a rocket ship
long ago no one has ever seen a computer
long ago no one has ever (fill in the blank)
according to your way of thinking... just because in your VERY short trading career, YOU have never seen it... does it make it impossible?
i dont think you understand the magnitude of whats going on here so let me help you understand change in our ever EVOLVING SOCIETY....
history has changed before the rocket ship was invented
history has changed before a computer was created..
tell tail signs indicate a change... before the rocket ship an airplane was created
history is repeating itself... before NEW things happen a change in the course of our way of life changes
so like a plane was created before the rocket ship... so are bankruptcy cases.
EXAMPLE; new laws are created SPECIFICALLY for the WAMU case
a NEW TEMPLATE WAS CREATED FOR THE FDIC IN THE PA&A agreement
NEW NEW NEW NEW THINGS HAPPENED.
so just like new parts were created and changed to create an airplane TO eventually create a rocket ship...
So does the laws need to change for an UNHEARD OF BANKRUPTCY CASE YOU never heard of.
so think about it... if something YOU never witnessed before happens doesn't there need to be bread crumbs of CHANGE about to happen?
the answer is yes... this theft was like no other NO MAN HAS EVER SEEN BEFORE! NOT EVEN YOU
and guess what the bread crumbs are, thats indicating CHANGE about to happen...
thats right... you got it!!! NEW LAWS!!!
Now let me ask you.... HAVE ANY NEW LAWS CHANGED INCREDIBLY, SPECIFICALLY for WAMU???
yup thats right... what your witnessing is history in the making.
some people cant accept change.. and some people embrace it.
other wise if you lay your laws on the table it reads like this.
ive never seen it before = therefore it will never happen
once upon a time nobody ever saw a rocket ship... does that mean it never happened?????
now apply the NEW UNHEARD OF LAWS and ALL the DD youve heard of and what do you got???
hmmmmmm?
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