Replies to post #3041 on Dime Bancorp Inc (fka DIMEQ)

[Bluzie2]

This is obviously why they want to make the transfer retroactive 2 years.

Look - the award exists. The argument about pursuing the final judgment, including the gross up, is just about who has standing to pursue it. Obviously the DOJ is trying everything in its power to reduce the award (if the award is to Wamu, which is insolvent hand has huge NOLs, then there is no tax gross up, because there's no tax on the award). Simple.

Does that affect us? Not really. Wamu can't honor the agreement anyway, for any number of reasons, including that it undoubtedly doesn't have enough shares in treasury to pay out the final award. So we're back to the argument over the computation of the payout.

[loginusername]

I haven't said anything. Just copy and pasting.

What it's saying imo is that JPM never had a right to the anchor proceeds. They should still belong to wamu. Jpm never had the right to take over the case. What do you know, the gov't is making sense!

I don't think the line about the judgement belonging to creditors means much. They don't know that dimez exists probably.

But yeah this is a shock to me.