Replies to post #4965 on Dime Bancorp Inc (fka DIMEQ)

[philipmax]

Nice work goldcanyon341. I've been claiming this argument all along. I finally yielded to the group thinking that wmi are successors. Now Judge Block will decide who is the successor to the Anchor Litigation.

[half-full]

I have been thinking about this issue with JPM and the ownership of the litigation proceeds.
With the reference to amending the GSA being mentioned in some of the latest billings, and the fact that JMW hasn't ruled yet when she clearly has had enough time to make a decision, makes me think they may be tied together.

If the GSA is amended to have the Dimeq holders transferred to JPM with the litigation award then JPM is out of the fight with the government as to rightful ownership and gets their 15% instead of possible 0%. Of course, Dimeq holders would then be compensated in JPM stock at whatever conversion rate would pay out the 337 mil plus gross-up. This is good for the debtors also as they will finally get Steinberg off their back and out of their wallets. Good for equity classes as it removes Dimeq from the waterfall.

Does this seem like a possibility?