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Friday, 12/03/2010 10:54:20 AM

Friday, December 03, 2010 10:54:20 AM

Post# of 730273
So after all this testimony about who knew what, what methods were used in coming up with plan, I think the major things that JMW is going to have to decide are:

Did Counsel (WEil, etc) create plan? IF, so IMO, doesn't that mean that debtor's were not trying to maximize value and possibly giving stuff to JPM, when there may have been a good chance that there was a whole lot left on the table that estate could have had.

Is settlement fair? This goes again to point one above and expands on theory tht work may have been sloppy and though it took 2 years, rushed.

What is future of WMI? Is this another Kmart?

My question is, how much evidence does JMW actually NEED to say that the POS POR is BS? Or can she say something like, with the confidentiality, etc, we can't be sure of anything. The examiner was supposed to figure that out, but didn't. So is this FAIR? Can she despite all the evidence to the contrary, decide this is FAIR -- not maybe the best, but fair?
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