Control=POR denial=Possible deal=JPM partial shield=Walrath win vs. total failure!
Well folks here we are three years in the making with nothing but total corruption, an embarrassing judicial system, crimes and much more that we do not even know about. How does Walrath keep control in order to possibly foster a settlement? It is ABSOLUTELY NOT by approving this POS POR 6+. Just think what would happen if she approved this travesty. The case would be stayed, appealed, overturned and possibly break wide open to the point of embarrassing United States in front of the entire world. Next, JPM/FDIC would be on the hook for much more than in recent history. If the public were to REALLY find out the amount of theft and corruption that has encompassed the FDIC/JPM, it could actually destroy both (here is to hoping) to the point of no return.
Look at the possibilities if Walrath does the correct judicial action and not only denies the plan but also the Global Settlement. With the amount of proof, there cannot be much of a middle ground. She either denies in total or approves. If she denies she can avoid ANICO, Stern, Fair and Reasonable rulings along with the potential to actually get a settlement before this leaves her court. At this point, I believe she is really worried about her legacy. She is very close to losing power in this case if she does not deny with the amount of evidence, there will be no question of her aiding and abetting multiple crimes. Also, look for Susman to openly challenge this Judge if she were to approve.
As we look forward to Wednesday, August 24th, 2011, I have to say that if the Judge is planning on denying this plan, we may hear her decision on 8/24 or more than likely on Friday evening, August 26th, 2011. There would be no reason to waste another month of everybody’s time and money, when she can follow up with her written decision which she should have almost completed by that time anyway. It would seem to me the easy decision for this Judge is to deny or she has no power over the ultimate outcome. I will stand on her wanting this power of control in order to foster a settlement. She would otherwise have no chance with an approval being obviously overturned as ANICO was by a higher authority and creating a disaster for her legacy. We are almost there folks and I feel better about Equities chance of success more now than ever and remember this Judge cannot zero Equity out again with a plan denial as she did with her last decision. Equities will have to rise dramatically with denial and if there is no settlement by this point we will be on to DC. Here there will be a settlement before the criminals let a jury destroy them.
