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Bizreader

06/17/10 1:30 PM

#212875 RE: WaS #212871

Yes, Susman is the superior man here and the superior lawyer. He has the ability to wait and wait and wait and then bring the pain, which is what he is doing.

WE can all learn from him.

eom

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OilCan61

06/17/10 1:32 PM

#212878 RE: WaS #212871

LOL...great post. I am not and never was complaining about the delay. I was complaining because we had that as&hole Rosen in a choke hold and we let him up for air. When you are in a fight you never give your opponent a chance to catch his breath and regroup you attack until he is dead.

If I really thought Rosen was serious about settling I wouldnt give a crap if this took two years.

All of this being said. I trust Susman and will leave it at that.

Off to have a few cocktails and dream of Vegas.
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Hurlserv

06/17/10 1:36 PM

#212888 RE: WaS #212871

Well put, WaS. From what I heard of the hearing and applying just a bit of logic I think you're spot on.

Nelson subtly, or perhaps not so subtly, served warning on Rosen and gave notice to THJMW with his qualified agreement statement.

IMO
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gyspsy

06/17/10 1:36 PM

#212890 RE: WaS #212871

WaS, great synopsis!
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longhaulq

06/17/10 1:39 PM

#212897 RE: WaS #212871

WAS well said-

Watch for a low ball offer. Then watch for Susman to push for the examiner and to push for the shareholder vote. By that time I'd imagine many of the guilty parties will be in full blown panic and will probably be willing to help JPM and the FDIC make us go away.



It's likely Susman will force them to give us a $number$. When he spits on that, he will tell them the examiner is inevitable. Then they will hopefully give us what we want.


I am however betting on Susman. I think he's got Rosebuds in a box and as we witnessed today, Weil and the creditors are out of options. Without an examiner or vote pending, he's already looking for ways to include equity in the POR.

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pennyrich

06/17/10 1:41 PM

#212899 RE: WaS #212871

Was, Remember JPM has already tossed the FDIC under the bus once this year. JPM can simply produce the entire finger pointing evidence that it wants. IMO the FDIC is on the hook and JPM will pay only a small percentage.
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