Washington Mutual Preferred fka WAMPQ

[mordicai]

I am starting to think that one of the goals of the motion for examiner was to educate the judge on the conclusions of the investigations that have taken place. Look at all which was attached as exhibits to that motion. It was all stuff that has been discussed on the boards, but I am sure the debtors never presented these facts to her because there have been no evidentiary hearings in her court on the issues in the exhibits. The ec basically showed her the merit of the ec claims by the written comments of regulators. She had to have read through them to announce that the seizure was investigated to death! In one respect it might have backfired on the ec in the sense that the examiner was not allowed , but on the otherhand she certainly knows the ec has some credible evidence to overcome Rosen's assertion that the debtors lawsuits (as assets of the estate) have no value. jmho