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Re: ILVMNY post# 138846

Monday, 01/18/2010 10:41:30 AM

Monday, January 18, 2010 10:41:30 AM

Post# of 733678
EC won't approve a $7B settlement for preferreds only.
Don't forget WMI is claiming the return of a whopping $6.5B in capital contributions in their latest SOFA amendment. This and the Cayman series are yet unresolved. Rosen is very careful to expound on claims that make assets as conservative as possible, while the US Trustee (and many on this board) saw facts that caused the office to act expeditiously to represent all equity issues.
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