I think that discretion is the better part of valor, Cotton. You have done more than you know for the benefit of the final two legacy plays. Lemme preach on it.
Years ago, in the WAMU play, there was a letter written to the BK Judge, Mary Walrath, from a shareholder by the name of Nate Toma. In a nutshell, he called out the folks running the BK that the shareholders were getting shafted. And we were. In her ruling, she used the word 'colorable', which meant to all the potential thieves that you'd better settle and make things right. A message was sent from the bench. And they did. A different BK for sure as they dealt in mortgages and all the equity issues surrounding those. Three figure mid-billions awaiting distribution to their rightful owners - us shareholders.
You wrote a letter to District Judge - different animal. Immediate hoosegow if you piss Judgy Wudgy off. And he used the two magic words - 'fiduciary responsibility'. Oops, another message was sent. And later on, guess what happened? DB and JPM settled a girl schoolyard fight that's been going on for years. Why is that important? They are trustees. Badda-Boop, Badda-Bop, Badda-Bing. I'm sure you can figure the rest out. And all it takes is two things - have a life and be patient. This is playing out as it should with the big boys and we are along for a very profitable ride.
In the meantime, enjoy a T-bone, have a few Sinatras and dismiss all the balderdash with extreme prejudice.
"For example, former Secretary of Treasury Paulson had a substantial investment in Goldman Sachs when it failed. He did everything he could to save his money while letting Lehman Brothers fail. The simple fact that ONE company was bailed out sends a message to others to take inconsiderate risks, especially when they are encouraged by government, since they will be “rewarded” anyway."
Ex-BB&T CEO Allison Said to Be in Running for Treasury Chief Bloomberg - 2 days ago
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The Financial Crisis and the Free Market Cure: Why Pure Capitalism ... https://www.amazon.com/Financial-Crisis-Free.../dp/0071806776 - Cached “[John Allison] assembles evidence that shows that our financial crisis, followed by .... "John Allison has written easily one of the most important books of the year. ... and firsthand experience as a bank executive (CEO of BB&T) during the crisis.
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