Monday, February 08, 2010 3:00:09 PM
There is quite a bit of solid DD on this board. Its not so easy for us to just pick up and reference a document when most of us have been on the boards discussing hearings and analyzing documents for 6-12+ months. We understand that you're new to the stock and seeking some quick DD to support your position but that's like walking into a courtroom in the middle of a trial and expecting the parties to just hand over their discovery.
I would suggest looking at some of the posting history of some of the more well known, reputable members here - most of which only post when there's something worth posting about - then, set up a PACER account (https://ecf.deb.uscourts.gov/cgi-bin/login.pl)to to take a look at the docket (Index No. 08-12229) if you're willing to pay for it. In the alternative, you can try to become a member of the Ghost board (http://ghostofwamu.com/forum/) for access to their free document database. Sometimes people link relevant documents to their posts here too.
We now have an equity committee and summary judgment on a $4.4B issue has already been briefed and argued. The judge was ready to rule last week - with WMI and JPM demonstrating no real objection against her issuing the ruling - but the FDIC requested another month's time. Virtually all litigational delay tactics have been exhausted by JPM and the FDIC - and the courts have all left jurisdiction with the delaware court and our beloved Judge Walrath on key issues. Without going into why or how, I'm just going to say that alot of things are pointing towards March as a potential settlement period. If you're looking into getting into this stock, then I would suggest accumulating your position between now and then.
Good luck.
MAKINGMOVES
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