Chairman of the EC only holds Commons and the adversaries want the litigation warrants.
Also, if you look even further you will see that other hidden unknowns also own commons. TPS was never converted and if converted they would receive commons. There is alot yet uncovered and yet revealed. If you listen to Ilene's message and very closely you will hear that the fdic, JPM, and WMI have not completed the deal. Also, if you have not heard, Rosen does know that assets were given away without the courts knowledge.
I will leave with one question, why was there so much concern with client privilege and sealed documents.
Especially one sealed document from the EC that could be more damaging to the debtors, what was in that sealed document.
Judge W. wanted answers and wanted someone to provide it for her. It did not happen. Even nelson fell short on this, why?
Rosen is the only person who knows why there is no answer.
The 17th could be interesting, will the documents be unsealed and what will be revealed.
Yes I won commons, even from before the crash.
From mordicai:
In order to do that commons at the very least will have to get litigation warrants or perhaps a stake in the new company . Our adversaries have to want those releases from the common shareholders and they are just going to have to pay for them somehow. All boils down to whether ec can squeeze several as opposed to a couple billion from our adversaries. I don't think the fact that the chairman of the ec only holds commons will necessarily preclude a recovery just for preferreds, it all depends on the offer, the numbers,time constraints and the law.
