TPS attorney did a superior job getting the PSI report findings from congress in to the record. IMO this is huge......
during the hearing judge mary asked TPS attorney what he thought the claims were worth based off the PSI report. TPS attorney responded that he thought they were significantly worth in excess of the 97 million hurdle... Yes that's right the 97 million dollar hurdle is what he said. Judge Mary says alright, then TPS proceeds by saying for example there are of potential recoverys and findings on WAMU, Long Beach, Goldmen Sachs they collaberated on atleast 14 billion dollars and some of those could be recovered by the estate. Judge Mary says since she has to access a value to those claims, she will allow TPS to provide a 10 page summary of th PSI report into a summary of value findings of those claims in the report. At this point Rosen is pissed and brings up the 30 billion dollar off set claims from Marta, FDIC and TPS attorney shuts him down as saying that the court knows and everyone knows that those claims are worthless, but it's cute to threat everyone with worthless claims.
I think this was a huge victory for TPS, and equity to get this PSI report sworn into the record and that Judge mary will use this summary to assess a value of potential recovery of claims for the estate. Sorry Rosen but Judge Mary is tired of all your bullsh-t horse play in the court.
AI
