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Re: FORTY-8 post# 232923

Thursday, 08/26/2010 1:11:28 PM

Thursday, August 26, 2010 1:11:28 PM

Post# of 732567
Sir William:

Try this:

If TPS is not prfd and cancelled, then there is "extra" that F'DIC and JPig needs to account for in PA for WMB. I beleive its was criminal that WMB-sub debt was cancelled, not a common occurence.

But nevertheless, If the TPS wins, which I think they will be remove from Pfrd class to debt class, not senior.

The "extra" would throw off the PA. And, closing would have to account for "extra"---litigation clause---ooops.

FDIC and Jpig would reject POS POR.

Whose worse off FDIC or JPM, I think JPig.

TPS asset list, again SC, jpig lawyers are parsing the english language. Did they ever ask JPig for details assets securizited into TPS? If didnt ask, they dont have. Legally correct statement. Recall, EC discover of JPig, same situation. WEIL stopped because SC cleverly stated the answer.




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