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NASCOW

12/27/10 12:58 PM

#266355 RE: juju6eight60 #266350

IMO he'll not only file a granting of an extension, but an extension with written stipulations or an extension with amendments if the law allows for such, at the midnight hour on 29th IMO
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Chiron

12/27/10 1:08 PM

#266358 RE: juju6eight60 #266350

Rosen has no choice. He is on the leash of a very powerful hedge fund conglomerate and JPM. A failure in this case, meaning equity is paid and bondholders crammed down is a career ender.

The next time the hedge funds see an opportunity like this, they won't be going with Brian Rosen. In fact, I doubt they will again based on the fact he is now 7 months late getting them the reorganized WMI.

And the courts are getting wiser to their schemes everyday, Walrath didn't give Rosen his X-mass wish to have the POR decision by 12/24.