Debtor’s actions tell me the EC has taken charge informally!
There are some very interesting actions going on with all of these filings that Rosie would have NEVER done unless he and his firm are desperate. I have wondered (if no deal) for a while who will pull the plug first on the Global Settlement, Rosie or the FDIC? It is hard to tell at this time, but if this has not been totally resolved by Tuesday (weekends are good for Multibillion dollar deals) then I would have to bet the Global Settlement is history and for all practical purposes could be anyway. There is probably much infighting going on. If there is not a deal and even if there is a deal, Rosie is being forced to take actions that he never would have and did not. I just cannot believe the FDIC will go forward without releases from Equity and their actions have proved they are exploring their options by NOT signing the Global Settlement.
I will say one thing for sure, that SOMETHING has most definitely happened in a horrible way to the CRIMINALS. This COULD suggest with all of the CRIMINAL’S actions combined, that a deal with Equity along with continuing mega billions of dollars worth of litigation has been reached that they cannot win or this Global Settlement is officially dead but not announced. In the case of a deal with Equity, this would suggest that Equity is taking the MAJORITY or all of the reorganized company with multi billions of dollars worth of litigation for the reorganized company going forward. Good news is if this part is true and announced with the 8K filing, the market will realize some value and start revaluing our securities accordingly. Still several ways this could go, but the actions show me Susman is unofficially in control of the Estate. We will see many more positive developments soon. The revaluation of Equities prices starting which will be in full swing VERY soon with a deal or the announcement that the FDIC will opt out and make a deal with Equity. Something VERY BIG has happened!!!
