RE 'wamu portfolio'
Hasn't this portfolio generated enough profit by now to pay all classes and the $8BB in liabilities? How was it that JPMC acquired this portfolio?
Wasn't Wamu solvent at the time of seizure? Wasn't it a holding company that was seized? Does the law only apply some of the time? Or all of the time?
IMO. Susman AND the EX have already established/proven at least $30BB in assets. IMO, they aren't investigating to see IF A>L. IMO it's because they KNOW A>L that the investigation is continuing. Once it has been established/proven the assets are there, then fault exists. Damage is done. Crime has occured. They will find the culprits, IMO.
IMO, shareholders chances, and Susmans' chances for that matter, don't hinge upon whether assets exist to put all in the money. Now, because the parties didn't pony up earlier, it is a matter of how much more than $30BB there is and who exactly is at fault for the injustices purpetrated. The vice is just beginning to tighten.
I believe our chances of settlement on, or before Nov. 1, 2010 are on the rise.
AIMO. And as posted before, I am nobody except another citizen entitled to their opinion...at least by this date in American history! :)
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