Thursday, June 18, 2009 5:14:40 PM
We know the facts in the case. We know the Judge is fair minded. We know there isn't a logical argument to defend the seizure. We know this because If there were a logical argument we would have heard it by now.
IMO key persons in involved in this fiasco realize they have a bit of a "watergate" on their hands and they know they have to fess up to it soon, the Judge said so. It was a piece of tape, a "paper trail" if you will that led to the demise of Nixon. A trail was left behind by insiders when they bugged the Democratic National Headquarters aka Watergate. The reason I mention this is because once the WMI story gets into the press.....well, we saw the spectacle the media made of the paper trail left by Nixon.
And now because of a paper trail left behind by JPM insiders we know who robbed WMI and the clock is ticking on them to come clean. Call it restitution (my word) but I agree that the time spent now by council is to arrive at a mutually agreeable figure above the original $8.00 bid and they have just a couple of days left to finish things up for Judge W.
All the rest of the work that needs to be done to contain the flak and mesh what's salvageable will take considerable time but the process of restoring and propping the pps back up is just around the corner.
Go WaMu!!!!!!
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