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Rico Sworevey

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Rico Sworevey

Re: None

Wednesday, 09/25/2013 6:36:09 PM

Wednesday, September 25, 2013 6:36:09 PM

Post# of 735113
Slob, the LTI filing is soley for the pre-seizure holders. There is nothing in the filing for post BK penny players that bought in. They have no damages what so ever, nothing to recover.

The pre-holders were the long term investors and owners of WAMU. Per LTI, they are trying to recover subsatntial value taken from us. A few billion coming back to us at .20 is hardly substantial recovery. The pro rated pay out is for the scraps left of WMI.

If GS and JPM were in fact naked short selling to take WAMU down and those docs are made public, it will be hell to pay for them. The gov't will be all over them like a fly on you know what. It's telling GS never filed an objection to produce those docs.

JPM is settling right and left. Dimon boasted a few years back that they would beat all these lawsuits. He was wrong.
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