Sunday, October 10, 2010 6:04:47 PM
Honestly, I am not sure I really care how things are perceived if a settlement resulted in commons receiving JPM common shares. It is, or should be, clear by now that there are only a very few who really understand the magnitude of this theft and treachery by those who conceived and implemented these actions against WMI, its subsidiaries, and people around the world.
It is also very clear to me that this courtroom, in bankruptcy court, will not be the forum in which we make the evil-doers "pay" for these actions against us. Our adversaries have already won (meaning they will walk away with many of our assets, or the proceeds from having distributed/sold them) IMO, and they will walk away winners, no matter what, even if equity gets what Susman is fighting for. This DOES NOT mean that we must be losers. IN MY OPINION, Susman is trying to make sure that they at least give back enough to make them mildly bitter about having to do so. On OUR end, it will be a life changing moment.
I am not sure how you got to a "buyout" scenario. Your original question was about whether a settlement could be done with shares. The answer is yes. Not probably, but a clear and definitive "Yes!".
All IMO,...except my comment about shares for settlement. ::winks::
-Jest
NOTE: Do not make investment decisions based on the information provided in my posts; past, present, or future.
As Always: "Trust But Verify" -Ronald Reagan
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