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Chiron

01/11/10 11:22 AM

#135722 RE: Sculelos #135717

"Bondholders and Secured Creditors would take a major haircut", which is why WMI will probably delay it. Obviously they don't care about equity. But Weil isn't in this to piss off creditors and bondholders.
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sf

01/11/10 11:36 AM

#135732 RE: Sculelos #135717

the govt needs this UST to "protect" the shareholders. the govt and fed reserve are implicated! if shareholders are flushed then this scandal will be blown wide open. shareholders and relatives of shareholders who took their lives(because of this heist), will bring the biggest lawsuit ever seen in the history of the US. the govt needs to look like they are helping us. they need to save face. this is criminal. they may have taken wmi down but we are far from out! we will be paid quietly. obama is implicated also along with paulson, geithner,bair, bernanke,ots,fdic,U.K. with rothschild. this was a transcontinental takedown. they caused this crisis to get carte blanche on our treasury! that is why geithner said their will never be another wamu. they want global governance. if wmi lawsuit is exposed that would destroy their plans. they will not let that happen. if they put all these crooks in jail who would run the treasury? or maybe they want to expose all the fed people so they can effectively put who they want in office. ie jaime dimon to treasury secretary. they already want to reimpose glass-stegall. that would effectively break up jpm, bac, and citi because they could no longer own investment groups. they got caught big time with wamu and now they have to look like they are doing something to "protect" the shareholder and taxpayer even though they were the one that allowed this whole scenario to take place to make a quick buck and nearly bankrupted america. (check cloward and piven manifesto) they are following this plan to the tee. to destroy our wealth in america and send it all over the world.