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WithCatz

09/29/10 12:40 PM

#238370 RE: dmceng #238366

Actually, I tend to think and agree with Bopfan on that one.

What is the property of the estate is the key responsibility of THJMW. Even DC court (Collyer / THJRMC) said so as well, that DC would look to the exclusive purview of THJMW to make that decision on what is the Estates and what is not.

That said, _barring a settlement_, THJMW will end up agreeing with a value, put forth by the EC, based on Solomon's numbers (with arguments and adjustments), supported by the Examiner's report, and THJMW will simply rule that the "Estate" is owed that much money.

And whether it's all from FDIC, or all from JPM or a mix.

That's all the Estate and THJMW cares about.

HOW the FDIC comes up with money, or HOW JPM comes up with money, is NOT A LICK OF WORRY FOR THE DELAWARE BANKRUPTCY COURT.

So the extension of the P&A has NOTHING to do with us directly. That's a mechanism for the FDIC to still get monies out of JPM. But isn't our direct problem.

...Catz