Some more thoughts to ponder!
I pointed out during mid year 2012 and several times since that the former WAHUQs would never be paid until either the final release date (March 16th, 2013) of the former WAHUQs passed and/or WMIH business plan was announced. Unfortunately, this has proved correct. Keep in mind, there were many, many Omnibus Hearings that were cancelled or nothing happened regarding claims. I feel the claims were delayed on purpose to get pass certain dates because there were too many hearings cancelled or nothing accomplished for this to be something else.
Now that we have March 16th, 2013 and March 19th, 2013 pass while nothing happened makes for a little clearer horizon. I also said several times that there would be no third party claims filed during year 2012 and since. Unfortunately, Susman had since March 19th, 2012 to file third party claims and to this date has not filed one. The only thing we know for sure is that Susman has been billing to file delays, supposedly discussing with G.S. on some sort of deal to avoid a third party claim. As far as we know, this third party claim against G.S. or against any other potential company will never be filed and that is my opinion based on current and past actions. Susman’s delay with G.S. again, appears to me, to just get past certain dates so something more concrete can happen. He has been playing this game with G.S. since mid December, 2012. These delays are not even to file a third party suit, rather to try and get discovery approved to file a potential third party suit. Folks, these excuses for delays really smell to me.
Many of us including me always thought there was something else going on as far as some form of payment goes for escrow shares. I and others thought the Litigation Trust was set up to be a conduit for the actual settlement that never took place in public or in court records, rather possibly at mediation or other venues. This still looks like a reality to me. The reality would be they could not have monies, assets or funds transferred in some form of transfer, similar to what the Criminals did when they transferred all of WaMu’s assets via a 363 settlement to JPM while claims are outstanding.
These lawyers are crafty enough to have a similar type of action set up for something to return to escrow shares via the LT at some point in the future. Also keep in mind, the former WAHUQs final release was set up more than a year into the future while every other release was finalized as fast as they could make it possible. There was no reason for the WAHUQs to be set that far in advance unless there was a very good motive.
To me, I still believe once we get past all of the bogus claims that we will see something for the escrow shares and again, I will reiterate that I highly doubt we will ever see a third part suit filed. To this point, I have also been correct, albeit unfortunately! Another point that I will make is that it appears to me when this travesty finally ends there will be a business plan for WMIH made public, escrow shares will have been paid, third part suits will not take place, Litigation Trust will be cancelled or announced that it will be and this whole mess will be wrapped, sealed and forgotten about while WMIH is up and running to much higher levels.
