AI
Sunday, May 17, 2009 5:46:13 PM
I think differently on that point....
If WMI exits Chap 11, it will have settled with the creditors, after all they went into Chap 11 to protect it's assets and come up with a restructuring plan that would suit all.
Coming out of Chap 11 would mean that they have formulated a plan that is amicable to all concerned.
Just because they come out of Chap 11, doesn't mean all the law suits stop and or cease to exist; on the contrary. They go on until settled, one way or the other.
By then who knows, the FDIC might be pressured into settling the matter with the unfair market value pricing and may have to pay up the difference established... hoping for at least 30 Bil or more....
With the pressure on the FDIC as well as more money coming in... we can only pray... like sheila
If WMI exits Chap 11, it will have settled with the creditors, after all they went into Chap 11 to protect it's assets and come up with a restructuring plan that would suit all.
Coming out of Chap 11 would mean that they have formulated a plan that is amicable to all concerned.
Just because they come out of Chap 11, doesn't mean all the law suits stop and or cease to exist; on the contrary. They go on until settled, one way or the other.
By then who knows, the FDIC might be pressured into settling the matter with the unfair market value pricing and may have to pay up the difference established... hoping for at least 30 Bil or more....
With the pressure on the FDIC as well as more money coming in... we can only pray... like sheila
Dragon
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