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Wednesday, April 07, 2010 9:26:30 AM
Good morning, David;
Fraudulent Conveyance, hummm, hope you realize none of the parties in the suit needs to make this charge. The U.S trustee can bring this up or the judge can find that it happened. Good luck to Johnny and the rest of the Bondholders proving that WMI intended to file Bankruptcy within 6 months thanks to the FDIC’s precipitous act. If you can recall the term Corporate Raider frometheendofthe70’s and early 80;s this is the banking version of that operation where one company or investor buys another and breaks it up to sell the pieces. Only thing is this time they used a quasi government agency to do the dirty work. Oh yes let discovery proceed.
$24.00
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