JW -- At this point, if JMW couldn't grasp the TPS stuff, she is not going to give a rat's a@@ about the books and WAMU's condition that may or may have not been brought on by fraudulent activities. At this point, IMO, our hope lies with agetting an asset list of everything that was sold/transferred/kept and accurate accounting of liabilities. JMW's rulings related to taxes, refunds, etc, will then tip the scales one way or the other for A > L.
If this list is not produced, IMO we are done.
The issues relating to if any fraudulent activities can be proven and thus eligible for prosecution later and related settlement talks will be dealt with in the background for now. Again, IMO, I believe a settlement for for a few bucks a share would be worth it for all at this point to save the ugliness that may ensue.
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