El lunes habrá que sacar la caña de pescar
Everyone got their panties in a bunch hoping for the best. And all sarcasm aside, if you asked me a week ago if I could trade the FDIC signing onto this thing for eating up exclusivity, I'd have done it in a heart beat.
Hell, I knew damn well the FDIC was signing this thing and for the life of me I can't even tell how or why they even delayed it this long.
Regardless, Rosebuds gets to save face cause the agreement is inked... but that agreement is subject to court approval as PART of the POR. Rosenbuds banked on blocking us from opposing the settlement by packaging it with the POR. What I don't think he foresaw was the delay which ate into exclusivity... giving us a chance to attack the settlement as well as the POR by filing a competing POR.
All of that is of course assuming that the judge doesn't take it upon herself to "interpret" the federally mandated time constraints as she sees fit.
Regardless, everyone should have at least believed this was a possibility and you should have all been looking beyond the potential of the FDIC not signing this, "just in case."
If you think Susman was twiddling his fingers praying the FDIC wouldn't sign on... then you're nuts.
Think examiner. Think vote. Think... tear the POS POR to pieces step by step and challenge the very fabric of the settlement agreement.
Did WMI file for the maximum return on those tax refunds? If so, JPM can't touch them. If not... they've got some serious explaining to do.
This is an uphill battle and anyone that tells you otherwise is on crack. Buckle in, we're in for a bumpy, but exciting ride. Hopefully it works out for us in the end.