govinsider:
"Step back, chill out, and continue the relentless DD we're best at.
1. Susman came late to the game, but now has most everything he needs (thanks in large part to what we've provided) and a little more.
2. Susman has done everything we need: A. Immobilize the Examiner - ck B. Get Initial POR Rejected - ck C. Get GSA Dismissed - (work in progress) D. Re-Attack Current POR - (work in progress) E. Settlement (Down to the Commons) - (work in progress)
3. We have everything against us, and we're still here when big money assumed we would be long gone.
4. Ask yourself the following: - Why not just accept the Examiner report? - Why not just confirm the previous "Fair and Reasonable" POR? - Why has JPM counsel spent the last 2 years regularly sending weekly "Indemnification Obligation" letters which seek to provide cover to JPM for just about everything that can possibly go wrong here? www.sidedraught.com/stocks/WashingtonMutual/FDIC/...242011-171003.PDF - Why did the Judge (after performances by shareholders) bring the valuations to center-stage? - Why did Judge buy the Nate Thoma argument? - Slide 26, would a respected law firm like SG reveal those numbers without being able to support it? The $30b of "known assets". Nelson is able to, and WILL defend that down to the dollar. SG/PJS have the data. Remember the "unknown assets" her referred to? He's worked magic to get the Debtors to begin releasing details of these. NOW, those assets Rosen has been forced to reveal become part of the additional monies that will be revealed during the next round of valuation hearings (POR confirmation).
5. Who I don't trust. Rosen, for obvious reasons. Hedge funds, for the scum they are (with more and more of their practices being exposed daily). UST, whose inaction speaks volumes. - Side Note: Majority of 50 states AG told Big Banks to F-O this past month during settlement talks for the mortgage documentation/no docs/illegal foreclosures/MBS. As I predicted, Daley was brought into the WH at the urging of JD to fix this financial Armageddon for the big banks. Just this weekend, the case has been pulled from the AG;s and handed over to DOJ/Holder to resolve. Next MASSIVE bailout of banks will soon be revealed.
6. I understand OBSERVER410 frustration, and I support his premise/cause. Not sure the context of the "communications with the EC and lead counsel". If this was by phone, I can assure you that they will reveal little to nothing (especially with the deposition/info pending on hedgies). If face to face communication, perhaps more could be deducted from such a skull session. 7. I've personally spoke to Susman, Nelson, and Sargent, all on separate occasions. I've emailed them much data. I trust them, and so should you.
8. IMO E&Y has some serious legal problems with the DOJ from other cases, and was offered an "opportunity" to "play ball" by the UST on behalf of the DOJ/WH/FDIC/JD. We will soon witness the "Mother of All" confirmation hearings. PJS vs E&Y. 9. Individual shareholders around the world like yourself have contributed immensely to correcting this theft of WAMU. Don't you dare stop now, Susman needs us, we need us. 10. I will not stop until the last shot is poured as I board the plane OUT of Vegas.
gov!"
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