I am not sure, it seems THJMw has given JPM and Co. Plenty of time to get their "house in order" and get this BK out of her courtroom. Judges are elected and appointed to do one thing JUDGE! THJMW is getting ready to do some serious Judging, many in the courtroom last Thursday, noticed her facial expressions and actions were in favor of the UST. That meand she had her mind made up on the EC motion well in advance.
Wheel in 3500 letters [9 boxes] from shareholders across the world and you will make a statement, Venable and the UST have now aligned for protection of equity. It is a match made in WAMU heaven and we as shareholders get to watch it play out. The Exigent Circumstances argument, makes me think that a settlement was coming before the end of the year, but the UST didn't like what he saw, so he wrote a quick 3 page brief that set everything ablaze. What we are looking for, is a motion by Venable to assess the subs of WMI for valuation. That would be a "mover and a shaker" if you know what I mean.
Jamie Dimon is playing hardball with many [associates] people's lives and is not willing to relinquish his hold on the WAMU cash. THJMW is about to put him in his place and make him understand that WALL STREET, Nor the Exceutive Branch controls the Judicial Branch.
We are about to see an "old fashioned" [robe wearing] gavel beating, THJMW rules aginst the FDIC (They have no legal leg to stand-on) and in Favor of WMI on the "Automoatic Stay" allowing the ruling on the SJ (when available) to go directly to WMI "appeal-proof." FDIC might want to re-think the litigation bonus {500 million] they gave to JPM, JPM will milk this thing [everyday] just to make interest off the money.
IMO: She is putting Dimon on NOTICE! If she tells S&C to consult with their client, that is a direct shot across the bow.
~Fish~
News 
Market Data 
Discover 
AI
