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Tuesday, April 05, 2011 8:40:32 PM
The list of subs is compelling even if half have been given away, there's still the other half. Also, most educated reporters and readers should know, or be told in the article by your friend at Reuters, that corporation often try to hide assets because corporate BK law currently allows the judge to approve a plan as long as all the top class creditors agree, i.e. are bought off on the side.
Also here's one of my communications with Dr. Acharay:
Dear Joseph,
Yes, I have kept abreast of the developments concerning Wamu.
I have sent the attached objection, which is slated to arrive by
certified mail at the court by November 12, 2010.
Here is a pertinent link on moral hazard in currency manipulation and
central banking that every important body in the world is now talking
about and is central to why Wamu failed:
http://pro-prosperity.com/Moral%20Hazard%20of%20Currency%20Manipulation.html
I have been pursuing for adoption of preemptive policies since 1991 to
avert such unwarranted failures.
See also the feedback from Main Street on Safe Central Banking:
http://pro-prosperity.com/Research/Feedback%20on%20Economic%20Theory%20of%20Constitutional%20Governance.html
Any comment/critique/analysis which is coherent and internally
consistent on this topic will be published on pro-prosperity.com.
What is connection between Wamu and the link you sent?
Stay in touch.
So long!
Sankarshan Acharya"
And his website and a description of his professional experience.
http://www.pro-prosperity.com/
"Author, Dr. Sankarshan Acharya is a graduate of Indian Institute of Technology. He holds a Ph.D. in Business Finance from Northwestern University, Evanston, Illinois, U.S.A. He has served as a bank regulatory policymaker and has contributed to American competitiveness while serving at the Board of Governors of the Federal Reserve System (USA). His works have been adopted in the U.S. banking law. He was an adviser to the Board of Directors of the Federal Deposit Insurance Corporation (USA). He has served as the chief engineering economics advisor in private industry in India. He has taught subjects like managerial economics, corporate finance, options and futures markets and fixed income securities markets in academia including Indian Institute of Technology (Mumbai), National Institute for Industrial Engineering (India), New York University, University of Maryland, University of Illinois (Champaign and Chicago), and Hong Kong University of Science and Technology"
I have his objection here if you want a copy. Did you get my email to you with a copy of the objection?
Joseph
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