News Focus
News Focus
icon url

Sculelos

01/07/10 12:37 PM

#134129 RE: thepennyguy #134128

Indeed. They might still get their way... we do not want a 3 front war. Weil, FDIC and JPM.... oh man would we be soo screwed.

I think Weil is only in this for himself. See how long he can delay this case and bleed as much money as possible for themselves. All IMO of course.
icon url

Chiron

01/07/10 12:41 PM

#134138 RE: thepennyguy #134128

Most companies do not treat common shareholders well even when they are in full vigor. They use them for their own financing needs. The concept of 'investing' into a company that will work towards the universal goals of success for all is dead among leadership.

It's no surprise that in BK, WMI does not want to take care of shareholders. Which is weird as I am sure there are many who had common shares, and knew people who lost a boatload here. And again Weil ultimately cares about one entity: Weil.