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Chiron

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Chiron

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Re: tombrady12nh post# 334865

Wednesday, 09/14/2011 11:09:06 AM

Wednesday, September 14, 2011 11:09:06 AM

Post# of 730625
Why? Yes, it was good the POR was denied, but the GSA is still intact and Walrath will never change her mind on that now. The mediation between the EC and hedgies might produce enough to put preferreds in the waterfall, but it certainly is not going to get over 7.5 billion to pay commons, lol.

Walrath gave JPM and the FDIC a free hall pass. Now, there is potential for an appeal to overturn the GSA. I will say Walrath has some cajones to ignore Stern and ANICO, but that could be her downfall. Who knows.
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