Reasons to deny far outweigh approval! To foster deal-keep control-Walrath must deny!
When one looks at both sides of the coin, it almost makes it impossible for this Judge to do anything other than to deny this Global Settlement scam in its entirety. Let’s start with the beginning; it is not a Global Settlement anyway without Equity, TPS and others. With Rosie and the Horsies being thrown under the bus by having to go through depositions, discovery and more; it would seem Rosie’s choices are down to VERY few. Remember, Rosie, the FDIC or JPM can singularly or together pull out of the Global Settlement with no repercussions, an emergency ejection button if you will. That button may be getting ready to be pushed either at the hearing on 8/24/11 or within hours to days after the Judge denies the plan. That would be to issue POR 7 without JPM/FDIC and to include Equity as Rosie’s emergency button to push for total ejection of the plan and to save Weasel/Gotcha/Mangle from total legal devastation. One would have to assume Susman would give a release to the corrupt law firm in order to go after the other Criminals. We know the Judge has not ruled on several items of action from her 1/7/11 opinion such as TPS. The reason would seem that if she would have made the correct ruling on any of these issues, the ruling would have made Equity larger than liabilities, thus putting Rosie out and Equity in the driver’s seat.
In order for the Judge to continue to protect her Government constituents she used the lame excuse, since she denied the plan she did not have to rule. I look for that to come into play in several examples if she has to make a ruling within the next sixty days. I just cannot get past Rosie letting the Judge issue her opinion, knowing full well that she cannot LEGALLY approve any or part of this illegal crime ridden travesty. If he is going to let the Judge issue her opinion, I am sorry that can ONLY tell me one thing and that is he already knows some sort of predetermined outcome. Otherwise, knowing full well how Weasel/Gotcha/Mangle are complicit to this bankruptcy fraud, malpractice, failure of fiduciary responsibility, not even remotely within “good faith” along with a host of other illegal/unethical behavior, how could Rosie NOT issue POR 7 with Equity and minus JPM/FDIC before the Judge has a chance to rule? Now I know the Judge COULD rule from the bench on Wednesday, but I do not think anybody would realistically believe that will happen, so what will Rosie do and not what will JPM/FDIC do being the 50 billion dollar question to avoid total legal devastation for their one thousand member law firm?
