Ok, so she ordered a due date for the financial schedules....but what date is that??? We won't know until it hits Pacer/KCC, unless someone was in court/has that info........z
This one sheds some light on things. It says that all the records for all the companies were in one big general ledger. And it was all seized by the FDIC. It talks about the boys at WMI working out an agreement with the FDIC over the past six weeks to get access to them. It puts things in 3 general catagories of 1-Bank info, 3-WMI subsidiary info and 2-Both. Anyway it establishes a way for them all to work things out and not have to litigate every little thing. WMI has worked a deal with the FDIC that excludes JPM. So Guess what? We'll probably see another one for JPM coming through the pipeline soon.
This one is to be heard on Dec 9th. Since the big deal is the schedule of assets and the general ledger has the records they need to build one, and they'll have the hearing on the ninth, it means we probably won't see the Schedule of assets befort the new year. Every little thing takes a ruling and a couple of hearings to get one.
Somebody was talking about delays, but this is just as fast as it gets. It's a slow process. Relax and have some fun. The environment is tradeable. And there's no real bad news yet.
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