Roger that JMac... with both Nelson and McMahon... I due believe we have the essence of what will be two experts that will be part of the unbeatable triangle! The Examiner will be the 3rd leg of the team.
Seems to me that without the Examiner, even if Susman has the Current Fair Value Asset list in his hand, and presented in court, the issues surrounding the actual "current" values and the assets themselves would be argued past the point of when the cows came home.
With the Examiner, the values will still be argued, however, with much less success from Rosen or the FDIC's standpoint. The list itself and related values is not necessarily a difficult thing to develop. The Examiner, I believe will be starting with audited finanical statements prior to when this BS started. From there, its finding out what assets were bought and sold prior to Sep08.
McMahon made a comment in the hearing as it pertained to already having completed some legwork regarding the selection of an Examiner. Guys like Susman/Nelson/McMahon are experts at the "what-if" situations. They constantly update their "decision tree" charts daily.
GO NELSON / MCMAHON / EXAMINER... and THMJW, CONTINUE TO JUDGE ACCORDINGLY.
AIMHO
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