**If you don't hold shares, why do you care what happens here? Many of us have taken profits along the road and have a large core holding. Some have free trading shares. Others are fully invested. Most here have a reason to be involved in this board. What is yours? Is it to save us? Because the people that bought here a year ago, like me, for $4 were still up 100% even at $8 lol. The people that bought yesterday at $8 are up huge. How exactly are you trying to be beneficial? Just curious.
Another question: Why is trading Wamu any different from any other stock?
Many people believed in 'strong' investments like Bear Sterns, Lehman, Enron, Worldcomm, and a guy named Bernie Madoff lol. Look where that got them.
I remember my friend buying Foot Locker at $28 back in 2006, he said it was a good stable company. Now its $14. 3.5 years of 'investing' got him nowhere, but down.
The so-called 'settlement' is nothing of the sort. We have lawyers and judges in this play that have refuted it, and even Brian Rosen himself said it could vaporize, lol. The Bondholders have said 'no go' and they will work actively to defeat it.
Based on rule 9019, the UST and others must approve. Do you think the UST who formed the EC for the purpose of shareholders interest would approve this nonsense? He would probably lose his job at the very least.
Please answer the following questions to determine your credibility:
1. What degrees do you have.
2. What is your general legal experience and background.
3. What is your specific background in BK law.
Again, just let us know your background so we can assess if what you are stating comes from opinion based on the nonsense that was spewed in court yesterday - or actual legalese experience.
Thanks!
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