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Re: stock_wizard post# 62366

Wednesday, 04/01/2009 3:38:50 PM

Wednesday, April 01, 2009 3:38:50 PM

Post# of 728969
I'm thinking that the stock swap is the only way to get this done with the least expense. WMI may want to fight that on some level, e.g. pride, damages, or future business plans, etc, but the FDIC is expanding their reach and will have some influence on what WMI can expect to accomplish in the future as a bank related entity if they don't or do cooperate. It all comes down to dollars and managers, though they may have been lawyers, are not into letting the lawyers have all the fun over the many months or years this may take to let them sort it out. Judge W isn't into that either and WMI has stated they intend to be out of BK by summer so let's cut to the quick. After the G20 summit Sheila and Obama can talk. In the meantime Obama aids are setting out a path of resolution which is undoubtedly going to be coordinated with the FDIC and Sheila's people. all my opinion.


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