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fsshon

09/15/09 7:35 PM

#95136 RE: drrugby #95131

Dr: Reorg plan will be constantly delayed until THJMW rules on "turnover action" then I truly believe the lawyer will reach into his briefcase and produce it. File with THJMW and move ahead. I'll bet ya a steak at Daniel's it's in the briefcase! It will take into account the rulings of the estate and funding of it if it is awarded the $$$$ from JPM. If this is clearly stated, expect a run-up in PPS. FDIC will not be a part yet, it will be mentioned as future litigation that could monetarily enforce the estate. I expect the FDIC to ask JPM for $$$$ in ref to book value in the P&A. Someone post the text of Article VIII proforma please. I don't want to type all of it. I think i will go fishing anyway... I have my blackberry, if you respond to my posts, I will get your message. Also see if you can find the section 3.1A for us, I think BIZ has it. Maybe he should give it to Weil so they can put it in their briefs. LOL !!

~Fish~
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jhdf51

09/15/09 9:35 PM

#95157 RE: drrugby #95131

drrugby...so you think there will be a settlement deal and WAMu stays in banking i.e reorg plan? So if a deal is announced..(settlement) keep the shares as there may be more rewards down the road when WAMU emrges from bk?