Tuesday, June 21, 2011 8:46:11 AM
In August 24, 2009 hearing: Bank bondholders' counsel said this...
Philip Anker:
Let me tell you some facts. There allegedly was $9
5 billion that went downstream from WMI to WMB. What you’re not
6 being told is 15 billion went upstream, north of 15 billion,
7 from January 2006, through September, 2008. Every dollar this
8 bank raised was taken by WMI. And that was the -- that was
9 clearly inconsistent with their obligations and their
10 representations.
I don't recall that anybody talked about this before or I may have missed it. Where is this money? How much is it really?
Anker must have some proof if he stated this as facts. There were talks the sealed filings that Dan Hoffman attempted to unseal was about the WMB bondholders. Could it be the proof to back up his statement above?
"One must be just, before one is generous."
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