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Re: clawmann post# 355894

Sunday, 01/08/2012 3:02:42 PM

Sunday, January 08, 2012 3:02:42 PM

Post# of 730033
clawman, you said "But I know there isn't. And after reading these boards for so long, I have no inclination whatsoever to want to save the foolish - often raving - post-seizure commons purchasers who were foolish enough to dump huge money into the commons of a bankrupt company. Why did they do it? Overpowering greed that caused them to ignore the extraordinary downside risk. No better than gamblers."

You are so wrong in your statement about greed. There was overwhelming evidence to show WMI was solvent and in WMI's filing they even showed 24 billion in assets with 8 billion or so in liabilitites. Nobody should have to factor in a corrupt Judge, corrupt US Trstee, NOBODY enforcing the rules of bankrutpcy, especially a court who has been constantly aiding and abetting bankrutpcy fraud by not making rulings if the ruling is "case alering and so much more that I do no want to go into.

You act as if the rule of law was followed and if it was, WMI would have been forced to exit chapter 11 as a solvent company and their stock would be trading in the multiple dollar levels. Not to mention a court letting JPM accept money in a Global Settlement that they were not even allowed to accept for accepting TARP.

You are normally a good poster and I am very surprised you would take an approach that supports this entire corruption by calling people greedy when most people saw this as righting a wrong, an opportunity to right multiple injustices and to profit from the law and the U.S. Constitution. All of this by assuming people in fiduciary capacities like a Judge would make decisions based on these laws that many people have perished and are currently sacrificing their lives for!
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