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gold-nugget

09/15/09 9:58 AM

#94859 RE: XOM #94856

very interesting reading -- long and very detailed, complex and Im loving it!

Ace45

09/15/09 9:59 AM

#94860 RE: XOM #94856

This is going to settle in some form. JPMC asking for a list of creditors. This is a sure sign that negotiations are ongoing. This also signals the court give us time we're working on it. Wamu legal needs to keep the pressure on
otherwise they will drag this as long as possible

pungen

09/15/09 10:02 AM

#94861 RE: XOM #94856

Very nice post! Should be a sticky!

hestheman

09/15/09 10:49 AM

#94881 RE: XOM #94856

EXCELLENT!!! Thanks for posting that.

freddy80

09/15/09 11:01 AM

#94889 RE: XOM #94856

This could really start making this stock move if people realize what this could all do!!

onco

09/15/09 11:01 AM

#94891 RE: XOM #94856

OUTSTANDING...i thank you

bluebird50

09/15/09 11:05 AM

#94892 RE: XOM #94856

Nice job....

Jack_of_All_Trades

09/15/09 11:06 AM

#94894 RE: XOM #94856

Thanks for taking the time to post that!

jcJet12

09/15/09 11:27 AM

#94902 RE: XOM #94856

XOM, real fabulous points that WMI listed, and really strikes
home the issues that those on this great board have reiterated
over and over. Great job everyone!

fsshon

09/15/09 2:58 PM

#95022 RE: XOM #94856

Actually I believe the JPMC was wanting to settle this thing back in March when they had everyone at the table. The talks broke down over who owns the 4.4 billion and JPMC filed the resulting adversary proceeding (I bet they wished they had never done this) that resulted in all talks being shut down.

I'll bet history will show JPMC was wanting to settle for about the same as Bear Stearns, but WMI wanted a lot more. I'll bet Bonderman was right there and if he wanted to settle for less as he had said before, he would have done so. JPM was probably still thinking they could get the holding company "on the cheap" and were stymied when they didn't.

As we have said before

GAME ON!

~Fish~

survivor Spain

09/15/09 3:09 PM

#95037 RE: XOM #94856

Great summary XOM.

... now WMI is not just adding urgency/pressure to the 4B decision (leaving apart the discovery time bomb they placed under JD's chair) but to their whole original set of claims up to 10B too!!

... it's really like a theater..