Larry888nyc dice:
Just in time to give everyone some Holiday and spiritual time to reflect on there positions and good fortune or, what could happen if things go awry. Each and every one of the adversary players have something to gain at this point, “except” if the POR doesn’t pass muster. That’s all it takes, as Costanza says, “for world’s to collide”.
Right now the adversaries are sitting on the richest heist ever, with billions just a few words away, or with a few negative words, headaches for the next year or so, as A goes over L which could with another party in control expose criminal aspects and DOJ complications. The EC is no more than a couple of hundred million out of the money and after all the latest developments, may be in the money by a solid margin.
This is boom it or bust for both sides.
For the EC, if Walrath tubes them, simply; eight ball, 86, narda, fartik, zero, with little more than lawsuits and appeals left.
However, for WMI and all it’s associates if they (fail) in there egregious pursuit, what’s at stake; For Tepper and the Hedge funds, no WMI vehicle of there own, just a bunch of paid off note holders. WMI, big problems for the BOD and especially that clown Kostorus, as it’s easy to pin the tail on that donkey for perjury and collusion. Rosen, eventual disbarment and Weil, besides claw backs, may face sanctions for this charade. A&M, conspiracy to defraud. FDIC and JPM want “insurance” from lawsuits and for that sellout Hochberg, a legacy that he will puke from.
IMHO, JMW knows how this will end, as it’s her show from hereon,..and no one can control what she can or will do. She has a legacy too and she is not about to mess with it now. JMW wants a settlement and she will not be satisfied with a total and obvious rip-off. She will make everyone pass the hat and put in something of value till it reaches the Pfd’s and maybe the common and there is plenty of assets and dollars in this pie to feed everyone. How she will finesse this is, by giving an opinion that forces them all to the table to preserve the things they want most and that means giving up the things they can.
I don’t see JMW doing anything but the right thing, as she hasn’t been doing anything wrong yet.