Roman: Thanks... Everyone should listen to this analysis of what THJMW just did and then come back and try to dispute what I have been saying about the 3rd Circuit and Hedge Funds for quite some time now.. THJMW (is THJMW)
OkeyDokey. No Releases for Actions Prior to Bankruptcy.
Sorry everybody and your Aunt Martha, and Aunt Shiela and Uncle Jamie, your misdeeds prior to Bankruptcy cannot be shielded by releases. Sorry if this unravels your plans for scooping up the NOL's by paying the Hedge Funds (Vulture Investors) 35% on the dollar for them.
No authorization under Bankruptcy Law to Limit Rights Offerings means to me that Commons may also get stock in the Reorganized Company.
Thanks Grandmother Mary for being fair to all your grandchildren.
I just listened again. It struck me how bad WMI/JPM/FDIC really need those third party releases.
We know there is dirt on their hands, but it really must be FILTHY, for their whole GSA to hinge on releases as they must feel they'd loose to a jury in class action, and have to pay mt. everest sized mountains of cash to claimants and their attorneys.
Thanks for posting this for everyone. We are golden! IMO