Control is what Susman's goal-After this-BIG money follows.
We can make this case very difficult or we can tone it down to where this makes the most sense. Like other have said, there is no need to have a Global Settlement to exit bankruptcy. All we need is a valid, functional reorganization plan, showing assets larger than liabilities. What we do know is we have several people by the “short hairs” and why we would not use this to break the Global Settlement is beyond me. I have no doubts this is what Susman is doing.
What I do know is people will do ANYTHING to avoid loss of standing in society, loss of wealth and of course prison. Susman leverages to include Weasel/Gotcha/Mangle on malpractice, bankruptcy fraud and much more. Just the implication of the forgoing would be enough to destroy the business of Rosie’s firm. The Hedgies have basically told or will tell everything that was happening by answering leading questions off the record and showing the evidence will implicate Rosie. He does not want to lose his firm, loss of license and more. With this said, the Global Settlement is dead and the criminals will either settle this in a true Global Settlement to Susman’s liking (my guess) and probably be announced around the long Memorial Day Holiday weekend or this will continue outside of bankruptcy.
Susman would give the Hedgies protection (to the amount possible) with the forgoing and then Equity will drive by exiting bankruptcy with the NOL's, all taxes, four billion cash and basically everything Rosie was giving the criminals in the current Global Settlement. We would then have a viable business, 100-300 billion worth of claims going forward and to help make this happen, Susman could actually give Rosie a pass on all of the potential future litigation that we have against Rosie’s firm. This would have to look very attractive to him going forward. One has to ask themselves this question, if you perpetrated multiple crimes and were caught, what would be foremost on your mind? This is easy to answer and that would be your immediate freedom, protection, self preservation, standing in society, loss of current/future wealth and more.
There is no reason to let this get bogged down and made more difficult. When we have the goods on people facing prison and they have the goods on the rest of the criminals, why in the hell would anyone settle for less than this is worth in total and/or give up 100-300 billion in future potential claims? This JUST does NOT make sense unless one is on the take. I have no reason to believe Susman is going for any less than what I have described. Total out of court settlement would be a minimum of sixty billion and Equity owns the new company in total or Equity exits chapter 11 and future 100-300 billion future claims from the criminals. So far the criminals have lost, when one realizes their original goal of having stolen this completely and exited bankruptcy in six to twelve months.
