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DudeBug

03/15/10 10:52 AM

#173786 RE: bodine #173772

Yes .. but when you've been WRONGED as WMI investors were, you get a settlement that is BENEFICIAL to you ... not the other way around.

In the settlement that Rosen proposed .. he is giving away money that should not even be legally allowed!! That NOLs tax refund money cannot go to JPM so they are funneling it illegally through the FDIC!! WHY! Show me the IRS rulings and the WMI books that supports even having to split any of the tax refunds.

JPM and the FDIC are not offering anything into this sham settlement proposal that benefits WMI investors. The Assets would be in a better position simply by letting the Judge rule on the $4B to be returned to WMI and depositing the tax refunds.

Then we can negotiate some settlement terms on the other $20B from the WMfsb and the net value of WMB of $52B. How about those numbers? Just throw them out the window for a few bucks to end it?? WRONG!