Still speculating on mediation. I think the best solution is to give ltw the Anchor litigation. Create a note or instrument (not a warrant) that conveys 85% of Anchor to ltw holders. In this way WMI and Co could part ways and do whatever with the eviscerated estate that JPM stole from WAMU.
The only problem with that scenario is that WMI can no longer give away to us that which it has already given away to JPMC via a §363 sale (to "cleanse away" and and all liabilities associated with the Anchor Goodwill Litigation, such as the pesky little Dime Ltw's), and such give-away to JPMC has already been blessed by JMW, as Fair & Reasonable."
So unless if you can tell JPMC that it would be really nice if they could just kinda, sorta, really nicely (with a smile on our face), "give us our Anchor back? Pretty please with sugar on top, give us our F'ing asset back . . . please," you're gonna have a pretty tough time dividing up Anchor amongst the Ltw's (as much as I'd like that to happen).
So, good luck with that. Let me know how it turns out.
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