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Post# of 732523
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survivor Spain

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survivor Spain

Re: LuvThatMoney post# 23398

Thursday, 10/16/2008 1:29:24 PM

Thursday, October 16, 2008 1:29:24 PM

Post# of 732523
WM Inc used to get 0% interest from WM Bank
... it did not make sense charge themselves interest.

Now WM Inc is not anymore WM Bank so the rational action is to get n% for the deposits

now these 4.35B would deserve interest - our lawyers used 3% as example of the daily to get the hearing asap.

The point is: now WM In could deposit it in a different bank at at least 3%, or even leave it in JPM=WM Bank in case the they give better interest....

the judge must protect WM Inc creditors (short and long term creditors) , and WM Inc would be in better position to pay to these creditors if is allowed to make these 4.4B to return interests ...

...
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