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Re: livefree_ordie post# 256768

Sunday, 11/28/2010 11:06:31 AM

Sunday, November 28, 2010 11:06:31 AM

Post# of 732536
The way this will work is Susman will drop all charges for any collusion or Fraudulent Conveyance that took place saving JPM and Rosen and FDIC from total embarrassment here in public court. We also can pay for one half of lawyers fees to date as long as we recoup all the interest monies JPM made on our assets that don't exist. Basically undue the deal totally and make everyone whole again as now we know the economy was "saved" and I use that term lightly here by TARP, never thought I'd say that one. Make WMI hold a shareholderes meeeting within 30 days of the date of this decision so all can have a voice in the new enterprise and how the shareholders will maintain their shares held pre and post September 25, 2008. Start the new bank with the current shareholders of record in place and begin anew.

In this scenario JPM saves face from not going through a long dragged out public shellacking and Sheila Bair and her cronies save face and can make public the fact that there was a deficiency or inappropriate method used in the quickened bidding process that made for unfair advantage by JPM so this deal does become null and void. The outcome si JPM gives back what it took by WMI paying back the value of the $1.9 billlion and also half of the JPM lawyer and court costs. Part of the deal can also include JPM retaining some of the real estate and art they took over as part of the overall value.

Otherwise it's a full court press by Susman and collusion, and fraudulent conveyance and shareholders being witheld their rights to a shareholder annual meeting where their voices in a democratic society could be heard but was never done. I think this is the shortest route to a settlement and makes us all whole again.
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