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Re: sf post# 93382

Monday, 09/07/2009 7:10:11 PM

Monday, September 07, 2009 7:10:11 PM

Post# of 732088
SF,

You and I are on the same page as I agree there is no way in hell WMI is settling with JPM by a total merger. This will never happen or this deal would have been done a long time ago.The valuation is the easy part, WMI wants to stay in business either whole or at least in name and the filings point to just that. JPM wanted WMI out of business as much as it wanted the whole company so it could pay lower interest rates, raise fees, and put a total screw job to customers and employees alike...now this is what JPM really wanted.

WMI has renewed licensure fees, tradmark names and have paid various filing fees in all of the states that they operated in the past. The hold up on settlement is JPM DOES NOT want WMI in any form of business, but JPM will lose.

I can not understand why so many people think JPM has the upper hand and why WMI would even consider a total merger. This would be insane and a terrible outcome for the estate considering the hand WMI holds. The deal JPM could have recieved in a total merger would have happened in December of 08, but that train left and WILL NOT return.
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