rockie -- So far nothing matters, except for those that stated that the POR decision means everything. In most opionions here, if that is not approved, we will for sure receive settlement somewhere down the road.
If she approves it and makes no changes that include equity, then we have to hope that the EC isn't disbanded (I believe Nelson asked that it not be disbanded, but I can't remember for sure) and they can continue the fight through appeals or whatever comes next.
I believe she can approve settlement and make changes, possibly to include equity if she believes funds exist. Again not sure on that.
Looking back at what has happened so far, we have actually won many decisions ( getting EC, getting examiner, getting examiner thrown out after he stabbed us in the back). The only thing we haven't gotten is that POS POR actually led to a confirmation hearing and as we have learned much about the legal system, it almost had to get that far (most of us didn't know that way back when). But here we are now -- waiting for the hopefully THJMW to rule on what she said she would -- the evidence. Those of us still here believe no numbers were shown that could lead to approval.
While I personally have learned a lot in these two + years, nobody will ever get me to agree that buying Washington Mutual for 1.8 billion , then fighting the way JPM has along with our supposed friends, the debtors to shut equity out and then start a new company without us, is either legal or morally correct. The numbers that have been presented thus far show that many laws and rules are being broken left and right in order to keep equity out. If the judge buys along with it and rules against us, that will definitely lessen the faith of many in our legal system, but will in no way mean that what they did was OK.
The fact that you and others seem to gloat when something in this case goes against equity amazes me. We are all here to make money. Some do it on the day to day action, some do it in this case on their faith in justice, and some on both. Many have already made money and left. Some have made some money and remain here, hopeful of the big payoff, while others are hoping just to break even and correct the injustice they were given when they lost their 401k's, jobs and happiness because of JPM.
If you want to gloat, I guess you have that legal right on these boards, but IMO you really need to question your values if you need to gloat. There have been others who have simply given their opinion on specific things whether or not they thought it would benefit equity. IMO, that type of discussion is very useful, but any gloating is not.
