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Re: Windfall Magic post# 194027

Friday, 04/30/2010 10:13:03 PM

Friday, April 30, 2010 10:13:03 PM

Post# of 730689
mordi is completely unaware of the law. If it is proven that wamu was solvent, no matter what, commons get paid. Preferreds do not have to be paid in full for commons to get a dime. If wamu was worth even as low as say $5 billion that would get commons money.DAMAGES add more value. Let alone who do you think will pay all the legal fees when it is proven Wamu is solvent. The former ec lawyers already said tens of billions for the estate. That figure was gathered without including any damages. With damages, that figure could easily go to over $100 billion. All it takes is some simple math, the thiefs stating there was more value in wamu, and just alittle common sense. Some people just dont get it. Let alone a top notch lawyer for the ec now that only gets paid for results. I think it would be safe to say this is his only case right now... I guess people will start saying he is in JPM pocket to help JPM out eventually. I wonder how many lawyers can pay their bills if they only get paid if they win. Obviously he knows there is tons of value in wamu. WHy would Wamu lawyers try so hard to get examiner and shareholder meeting cancelled. They want more money, or they dont want to get caught. It is odd how they are fighting when Jamie, the FDIC, OTS and Killinger already stated wamu was worth billions. All should be brought to justice even if they wound up offering $24 a share. There is no way JPM and FDIC can just pay wamu the true value anymore. Go for everything....People that think commons wont get anything arent that bright.. Common sense says completely different...
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