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longhaulq

07/20/10 2:51 PM

#223879 RE: suprabiz2 #223866

Supra- just because today they did not settle today doesnt mean they wont try a week from now. Those guys are going back to the drawing board, and until they run out of options, they arent giving up either.
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steel58

07/20/10 2:53 PM

#223882 RE: suprabiz2 #223866

Supra -- I must admit that I don't know all the fine lines that are now in play here. If you do, maybe you can enlighten the board, like the following:

1. What type of discovery / negotiations can still take place while examiner is at work?

2. How does examiner address issues if someone doesn't comply with request for information?

3. Is examiner allowed to take depositions?

4. At hearing today numerous parties stated that the agreement in place won't last forever. Why would anyone who agreed at this point back out if they are afraid the longer it takes to settle the less they will get? I would assume from debtors standpoint, the only issue would be if legal fees accumulate, the pots might get somewhat smaller. The only thing I see possible is that they turn on each other, like JPM wanting FDIC to give up everything, etc.

Anyone on board feel free to reply also. Thx.