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Monday, 01/10/2011 7:51:47 AM

Monday, January 10, 2011 7:51:47 AM

Post# of 736072
BOLI/COLI: so whats the value of the PACIFIC Life policies, Walrath doesnt name the value...

Claims against WMI: Walrath does not explain what those claims would be, she just repeatedly states 54 billion $

My conclusion is following:

The GSA is reasonable with respect to the proceedings in the bankruptcy court.
But what about the "DC Action" ?
The settlement settles the issues like accounts, tax refunds...
Ok...
But to me it doesnt seem reasonable that the GSA would settle or
release "DC Action" and so on...

About tax refunds Walrath also errs:
Because creditors get already paid in full (with the 4 billion that belongs to equity)
the estate cannot get the tax refunds.
So why not pay the creditors with the tax refunds...???
See... they just could put it like that as well...

To sum up:
THJMW is a good judge and most of the times i can follow her logics.
But for instance its beyond her scope to value the lawsuits against FDIC and JPMC but her order to approve a modified plan might end them ?

regards

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