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Re: NASCOW post# 264896

Saturday, 12/18/2010 3:26:24 PM

Saturday, December 18, 2010 3:26:24 PM

Post# of 735724
**Judge Walrath has two choices; stoke the ire of the 'club' aka JPM/FDIC/Hedge Funds/Media and every other party out there, probably including the Obama Administration that wants the Wamu saga done, buried, and toasted.

Or stoke the ire of shareholders. Make no mistake; shareholders are the ONLY ones now being left out of the POR.

Of course logic, reason, and clear cut legal issues have been proven here to show the POR is full of holes and anyone with half a brain can see there are major issues with it. It should not pass under any semblance of deceny or justice.

She can make the choice go either way; there are enough holes to deny it, but there is enough basic information to approve it and end this saga.

The easy and most politically beneficial decision to Walrath is to approve the POR, with a few minor changes to the releases. The story ends. Equity is wiped out. And in a few weeks the courts, media and everyone but pissed off shareholders forgets Wamu ever existed; which is where 99% of the country is right now anyway.

It will take a very strong and 'maverick' person to outright deny the POR or issue an opinion which changes the very nature to benefit equity.

Time will tell. But as they say; prepare for the worst and hope for the best.

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