Equity wins the day without any doubt!
Thanks billions to Bet, Ben, James, Ilene and others who made all the difference today and there is no doubt Equity is NOW a HUGE player. These are great people and Equity should be EXTREMELY PROUD they are on our team and believe it or not Seth helped a little too!
Rosie just is just as ugly as ever to the idea of A>L and our team along with TPS, Steinberg had Rosie’s group searching for papers and looking for information. This would truly make any true WaMu long smile from ear to ear. It was such a joy to watch them scurry and play defense. Believe it or not, they are not good at defense as their faces showed desperation. The Judge was very good today and she no doubt appears to really feel for the shareholders, as I do not think she could fake these actions this long. Ben Mason had her laughing today a couple of times and she listened and took notes intensely while he and other Shareholders were talking.
At the end of the day we were able to make the Debtors produce more value concerning liquidity information, real estate and this certainly bought more time for Susman to tighten the screws. This D.S. by NO MEANS was rubber stamped today. TPS was able to get a moderator and was given one week to come up with one or the Judge will. This devastated Rosie and Company and I took GREAT pleasure at watching his hair plugs pop out as I was sitting right behind him.
I would encourage anyone who has not attended a hearing and who has skin in the game to attend one if at all possible. Trust me by attending will give you another VERY valuable perspective on this case! I feel stronger than ever about equity being in the money after a HUGELY positive day for ALL WMI Shareholders!!!
