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WithCatz

10/13/10 8:52 PM

#241262 RE: dannoninvest #241244

Dannon, WMI has not challenged the actual seizure in any filings, only the value received in exchange for that seizure. Basically, FIRREA says they can seize a bank -- and that's not WMI's argument, so unless the Examiner found something that contradicts FIRREA --- AND also somehow lets WMI avoid the elapsed 'bar' date for claiming such seizure, the answer is NO. And, for my opinion, I don't expect the seizure itself to be any focus. (a) it's not necessary at all to 'win', and (b) it's a red herring legally.

And Y! vs. iHub -- well, actually GB... but that's another story.

After that, generally iHub, but Y! has it's place.

...Catz