POR denied-1/31/2011-could be the trigger date for the FDIC.
I have read posts about what 1/31/2011 really means when referencing the POR and some people think this is when the Global Settlement REALLY ends and others think for the GS to really end, one of the players has to opt out after 1/31/2011 in writing. This makes sense to me and what really makes more sense to me would be that the FDIC actually start calling the shots by dealing with the EC directly, knowing if they make a deal with the EC, then this case is all over with releases to everybody except maybe Weasel/Gotcha and Mangle. One would really have to ask the question, with the EC in control-why would they let Weasel/Gotcha and Mangle off the hook?
If Rosen comes up with another POR, apparently he can start the process all over again with the no expiration unless, of course, one of the parties opts out and puts it in writing, since after 1/31/2011 the agreement is implied with the FDIC. I highly doubt they would do this as it would gain way too much attention and it would be best just to carry on without bringing that kind of attention. The other 300 billion dollar question is when does Susman bring on his magic? I would assume Susman has to reply to the Judge’s opinion by the end of 1/21/2011, as that would be two weeks from the opinion.
I still say that the criminals cannot let Susman show the true evaluation and asset list as that would show the Government seized a solvent bank and that shot would be heard around the world, so I suggest this probably never happens. Then how does this go down? Susman would show the criminals what he has behind closed doors and advises them to meet his demands or he goes public and if they bluff, this whole criminal activity blows up. This kind of justice is what this country really begs for but I highly doubt happens. I think the date of 1/31/200 could really be important as it gives the FDIC their freedom from Rosen. This could be all this case is waiting for since the criminals now know they have to pay for their freedom with the current POR in the deep six position.
I believe this case is suddenly over at some point soon or the EC/TPS work towards getting rid of Rosen and start the cram down process. Of course, this would require rulings from the Judge which the market would then start to value all equities accordingly, as the case goes through stages when decisions are made. This way it would be easier for the world to grasp as opposed to a sudden settlement where the common stock was trading at six cents a share and then all of a sudden revalued at anywhere from ten dollars a share to over one hundred dollars a share, depending on one’s belief.
AI
