I remain unsatsified by what Sussman arranged - and have no sense of escrow value but have some hopes for WMIH
Re their actions - I suggest in the first "trial" - I thought Sussman had FDIC/JPM/WMI in a trap re how they made decisions
They noted without attorney - so that Sussman could not ask for the "work product" But without attorney left the people who made the decision with out sufficient legal counsel to make such decision. I seriously thought that Sussman had pinned them down such that the GSA would have to be tossed
Recall - that what happened was the JUDGE did the analysis as if WMI did it
I am not an attorney but that seemed irregular and likely not allowable - but she be the judge . Recall around the same time the SCOTUS had diminished the role of such administrative judges and again many of us thought our Judge went way over the line - but she be the judge
Sussman also pointed out very clearly how little JPM was paying despite their portestations - and the amount of the actual "check" or "cash out of pocket" that JPM had to pay (insanely low)
Judge was not listening
I think the Judge was sort of going along routinely - and as things progressed she got nervous there was something fishy going on and allowed more action - but it did appear that the Judge really wanted a deal between SUSSMAN and those with a colorable smell and feel of insider trading
(TPS got super super burned IMO - and us H holders lost 60% when the judge decided that SHE had the authority to require H to pay interest lost on SR SR paper due to FED Rate - when many of us thought that needed to be sent to NY to be settled in a NY court)
I am talking about the "sealed docs" nothing else. I do recall there was a guy in a cowboy hat that was employed by the EC who walked into the courtroom holding up the "sealed docs" and into the Judges chamber for a "closed door meeting."
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