As I'm sure you're aware, a line of credit has nothing to do with asset valuation. The fact is that WaMu's market cap was in the 40BB range at it's peak.
After 2 years, it's evident that everyone has already made up their minds about their opinions and personal evaluations. You could be totally right and I could be totally wrong. These boards to me are nothing more than a means of sharing educated opinions in a professional and amicable way besides the posting of new court documents and other judicial updates.
The truth is, I really hope you're right and I'm wrong and the examiner's report makes me eat my words (which I wouldn't take personal). Of course, being that this is the P board, if the examiner says that WaMu is worth only 2BB more than what the current assets are at, we're definitely going to make a lot of money with this security. Have a good weekend. Go Seahawks!
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