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Re: The Godfather post# 119745

Wednesday, 11/11/2009 11:42:12 AM

Wednesday, November 11, 2009 11:42:12 AM

Post# of 730761
Wow, thats interesting. Good catch, Godfather. Notice the lack of "failed bank" language as well. It seems like the media is finally starting to acknowledge that there may be more beneath the surface of this mess.

As for Judge Walrath, I highly doubt she is taking her time in issuing a decision simply to deny WMI's Motion for Summary Judgment. She is, IMO, either (1.) drafting a bulletproof opinion and order that will withstand any/all appeals filed by JPM/FDIC; or (2.) holding off on issuing her decision pursuant to closed door settlement negotiations.

Given the circus antics we've all seen from JPM and the FDIC in delaying these proceedings, I think it is the former of the two possibilities which only means we have more time before a settlement is announced. But then again, who knows?

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