It is sad that it took 2 ½ years to get only part of the picture. I am not going the rout that the judge has been bought off but she is clearly at this point not as friendly toward Equity as some would have you believe, were she friendly toward Equity she would have come down very hard on the Debtors.
This just shows me she really does not have the control her position is intended to have. I still have hope the EC’s appeal will hold and squash the GSA and the fair and reasonable ruling; the judge had no business inserting herself as an expert witness and deciding there is no value to claims against JPM or the FDIC. Isn’t it interesting the DC court agrees the claim is colorable and needs to be adjudicated and that it does not meet the level of FIRREA? This business tort claim should belong to the Estate and not ANICO; had the Estate handled things properly they would have had the claim and then taken care of ANICO, this should have held true with the WMB bonds as well when we got the bank back. Now the bank is gone and it will never come back, who would want it, who would do business with it? The name is so tainted that it will take 20 years and a generation to forget the wrongs.
Take heart though; in the Debtors objection to the EC being allowed to take the SNH to court, the Debtors acknowledged they were one of the defendants in the suit to be brought. They did this in a foot note. Let’s hope this does not take another 3 years.
I love Lindy
AI
