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Re: A deleted message

Wednesday, 06/10/2009 11:39:23 PM

Wednesday, June 10, 2009 11:39:23 PM

Post# of 728312
I used to be like a lot of people here. I wouldn't let my shares go for anything because I thought a buyout and settlement could happen at anytime. I was blinded by optimism and only saw what I wanted to see.

I still believe that WMI will eventually get compensated, atleast partially, for their stolen banks, but it's not going to come from JPM, with the exception of any IP they want and WMI will part with.

I have said from the beginning that true and full justice will never be served, because I feel that would entail a complete reversal of the "deal", which WMI isn't even asking for.

WMI has a more-than-strong case and a legal team that is the best-of-the-best, but a buyout and settlement before the 24th is a dream .

The FDIC is not going to fork over $30-$50 billion dollars in 2 weeks, and JPM is not going to buy WMI in 2 weeks.

If your going to hit the ask on the preferreds, buy the Ps, as they are undervalued in relation to the Ks, and if you're going to buy the Ks, then for God's sake, don't hit the ask, just be the bid and you'll get filled.




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