Furthermore, I reject the idea that the Examiner's sole duty is to ascertain whether Assets are > or < Liabilities.
Everyone should take the time to read the Preliminary Report. It's well worth the time it takes, as it's very revealing. Anything the Examiner is investigating in the Preliminary Report will also be included in the Final Report, and probably more.
I was starting to doubt whether this BK case would fulfill the needs of the common shareholders myself...thinking that another set of lawsuits would be needed. But after reading the Preliminary Report I'm confident that the Examiner's case is being created so that this will be the "end all - be all" of this criminal episode in American financial history.
Of course, I could be wrong...but this is what I got out of the Preliminary Report.
I also feel that the only reason the Examiner has come as far as he has in short order is because of the input from Susman, the EC, TPS, and the late UST who resigned recently. There's no doubt they gave him a headstart and pointed him in the right direction. Otherwise, even the outline of that Preliminary Report would've taken 3-6 months to write up. That Preliminary Report pretty much covers all of our concerns...and do you really think it got that way out of sheer luck?
Best,
TP
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