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Friday, September 30, 2011 4:23:03 PM
The court has given away the Estates entire assets along with a 120 year old company’s namesake, IT, making SURE this company cannot be competition to JPM again (huge reason for JPM to do this) and claims worth multi billions. If ANYONE wants to call this Judge HONEST by aiding and abetting multiple crimes during this saga, well that is your right. Just because a bank robbery was highlighted two blocks away from a multiple murder scene does not make the murder scene OK because the company is in bankruptcy court and the bank robbery is getting all of the publicity...of course some hypothesizing here some, but hopefully you get the idea. Unless this blows open worldwide (good possibility) or the Horsies turn in some illegal/damaging evidence against Rosie and/or JPM (if no settlement = they will), the only thing this Estate will see are the NOLS, reorganized WMI and maybe some third party lawsuits that should be worth billions. Yes, IMHO the equities will continue and will not be cancelled, so that is the ULTIMATE win for us considering how corrupt this has been. The ONLY real conclusion I can come to at this point is to EXPEXT THE UNEXPECTED and when that happen AGAIN, that should be very good for equity!!!
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