I don't take issue with what's gone on in Judge Walrath's court. But there's a DC court involved with the lawsuit. If people are waiting on the lawsuit for the restructuring to happen, they're nuts.
Granted there may never even be a discovery involved in the suit, but regardless, if it does go that road I believe there will be a plan for restructuring out and about before a "lengthy" trial comes to fruition.
There's nothing Judge Walrath can do to speed along a trial in DC court.
That was my point. And yeah, I do believe that gives the FDIC plenty of wiggle room between now and when they might actually have to pony up some cash.
I don't think it will go that way and I hope like heck it won't... but I don't put anything past these shady folks.
"Judge Walrath will run this entire show based on law not on the whinning of the FDIC and JPM."
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