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Saturday, July 23, 2011 6:34:34 PM
I made my first pre seizure purchase of WMI securities three days before this infamous date and deflated, mad, hateful would be a kind way of stating what I thought/felt at the time. Well fortunately or not, I acted quickly and figured out a way to make lemonade out of this lemon that was forced on me. I was able to listen to about forty percent of the Confirmation Hearings and believe me; I have never felt better about my large and continued investment in WaMu. The way I feel now is completely the opposite of post seizure and I look to the future as having wealth one could have only gained by hitting a large mega state lottery in three years or less. My reason for this post is to ensure long term investors of WMI securities to take the time and SLOWLY read Susman’s objections to the POS POR 6+, since by now most of us heard some or all of the hearings.
Then you will understand why I feel very comfortable, at ease, relaxed and not lurching forward to the next filing and the reasons for this are explained in great detail in the objections. There is no way on EARTH that this plan could be considered fair and reasonable in the least. I will go one step further to state that this plan has so many illegal and unjust acts that to approve this is tantamount to committing the very crimes these perpetrators have and would call for charges of aiding and abetting multiple crimes by the court. After listening to the hearings and slowly rereading the objections, Susman’s brilliance hammers home the aforementioned. I cannot EMPHASIZE enough to read and reread these objections and you will feel just how GREAT I am now feeling!
http://www.kccllc.net/documents/0812229/0812229110712000000000032.pdf
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