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Tuesday, September 13, 2011 6:42:46 PM
There is no question with the mountain of evidence against the Debtors, JPM/FDIC, Horsies, conflict of interest, failure of fiduciary responsibilities and much more, Equity could not ask or beg for a better hand. The more time that goes by the more this Judge looks not only like she was double crossed by the very people she chose to protect, she now is looking so bad that her entire career will go down in flames without many honorable decisions very soon. The position this court has put itself in now for Equity is better than one could ever expect because now the court will have to act defensively to protect whatever reputation that will be left. That means for the court to act defensively will be to Equity benefit and anything short of cleaning house will obviously show exactly where this court stands…on the side of the law or standing with the criminals. This case has gone on way to long and exposed so much fraud and corruption that there are no gray areas for the court to rest in.
I feel very good that the court has to rule in Equities favor, not so much because of the law that makes me feel great as it is the VERY DEFENSIVE position the court has put ITSELF in that I am feeling bubbly about. We as Equity have NEVER been in this position for the entire three years we have been here and it does feel GREAT! The one action that I still feel troubled about is why Rosie and his law firm would continue to expose their firm to an Enron style of ending if the laws were truly enforced. It would seem to me that Rosie would have pulled WMI out of the Global Settlement as opposed to letting one person decide its future…whether it exist or not. I am having trouble getting past that Rosie does not know something predetermined about the ending in this case, but I still have no doubts that Equity WILL see a valuable return whether it be $2.00 a common share or $75.00 a common share.
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