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Re: Kharybdis post# 5322

Friday, 12/23/2011 9:20:10 AM

Friday, December 23, 2011 9:20:10 AM

Post# of 8307
Good idea. Here's my suggestion for the paragraphs they left out of the Warrant Agreement. It's only a first draft so might need some adjusting:


"Payment of such litigation proceeds to warrent holders shall, however, be subordinate to any particular large bank of ill-repute who, through the complacency of the US Government and certain bankruptcy court judges, would illicitly obtain ownership of substantially all WMI assets.

Such subordination is necessary so as to (over) compensate such bank of ill-repute, and certain collaborating hedge funds, for their efforts which would likely include obtaining unprecedented influence over any future WMI estate counsel."



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