Thanks David
There are only 2 people on this board who post like they are lawyers. I mean the language they use and the way it is written and typed. Those 2 people are
1. Mordicai: Has some very good information that leads one to believe that he/she is a lawyer in a different field of law (than BK) but is very informative and knows the procedural aspects of the law and how the Judge is going to weigh her decision.
2. Maraytano: This person is the closest one that could resemble Bop's post and legaease. I have watched their posts with high suspicion as well as great regard. Mordicai and Maraytano got in a big argument the other day in which Maraytano showed their true education and world experience to resemble that of someone who has been there/ done that!
I respect both of their opinions along with most of the rest of the ihubbers, but these 2 are the only ones I can think of that say it in legal terms the way a true jurist would.
I'm gonna go review some posts and see if i can pinpoint her!!!
Thanks
If we rally today, we rock on Monday!
TARP being paid off by JPM would not have been announced by the CEO and Staff on the conference call if it was not to be allowed. They are raising money like it is going "out of style" so I figure they will get it done next week. We need them to payoff TARP before they can get rid of these pesky lawsuits.
They may have issue enough shares to convert the Prefereds, but they do not want to do that, because their are 3M Pref in P series and that translates to 30 shares to near 90M shares just for that one.
If they have to convert all prefs other than H they would need to issue near 600M shares to buyout WMI. I don't think WMI will let them convert the prefs. IMHO
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