investorshub.advfn.com/boards/read_msg.aspx?message_id=64333339Zitat mattchew:
6/16/2011 7915 Official Committee of Equity Security Holders First Deposition Notice to Washington Mutual, Inc. WMI Investment Corp. 619 k
www.kccllc.net/documents/0812229/0812229110616000000000009.pdf-----
Zitat fsshon:
OMG !!! THE EC IS GOING TO DEPOSE THE ESTATE ADMINISTRATORS! OH WOW... It makes one wonder exactly what did Aurelis have to say in their deposition that put the WMI admin squarely in the crosshairs of the EC..
We now know why the EC needs to seal the findings, this case is headed for a TRUSTEE real soon. GSA is DEAD! Get your shares now while they are cheap, because once that GSA is withdrawn this thing is going to head into Overdrive. We will be hounded by daytraders again, they have left the building for now..
This is getting really HOT! Hey Steel you still feel that way about opposing the EC's motion to seal?
~Don~
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Zitat jhdf51:
Added 200,000 today and more tomorrow. This will be unraveling very quickly for all criminals involved and THJMW is being watched closely...
DOJ taking names.
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Zitat fsshon:
Yes I have to agree. Remember way way back when we would all stay up pre-gsa trying to decipher this case with ramifications and implications of such, well we have to go into that mode once again..
The EC is not playing around, they tried it the debtors way, but were blocked by TPS, they know the waterfall has to extend down to them (commons) so they have to kill the GSA on the premise it was negotiated in bad faith.
The Plan Objectors argued at the confirmation hearing that
because the Debtors’ principal negotiators of the Global
Settlement represented JPMC in other matters, they were reluctant
to push for the best possible deal for the estate. The Debtors
and their representatives vigorously deny this and contend that
the allegations are a “sideshow” to divert attention from the
real issues in the case.
The Plan Objectors presented no evidence to support their
contentions, however, and the record in this case refutes the
suggestion that the Debtors’ professionals acted in any manner
other than in the best interests of the estate.
Lack of good faith
Mr. Thoma and an individual shareholder, Mr. Schnabel, each
contend that the Plan has not been proposed in good faith because
the Debtors did not allow the Equity Committee to participate in
the plan negotiations and did not protect the shareholders’
interests. The Court finds no evidence of lack of good faith,
however. Simply because the Debtors were not able to achieve a
greater recovery in the Global Settlement, does not mean that
they did not meet their fiduciary duty to all constituents. More
than mere innuendo and speculation is needed to establish a lack
of good faith.
Pay attention to that last sentence.
More than mere innuendo (from Latin innuere, "to nod toward." In law it means "an indirect hint." "Innuendo" is used in lawsuits for defamation (libel or slander), usually to show that the party suing was the person about whom the nasty statements were made or why the comments were defamatory. Example: "the former Mayor is a crook," and Joe Alabaster is the only living ex-Mayor, thus by innuendo Alabaster is the target of the statement; or "Joe Alabaster was paid $100,000 by the Hot Springs Water Company," when it was known that Hot Springs was bucking for a contract with the city) and speculation (what we do here) is needed (dire circumstance to changfe courts opinion) to establish (concrete evidentiary gospel) a lack of good faith (Good faith in legal terminology refers to the use of honesty and best efforts in dealings with others. For example, an insurance policy is considered a contract between you (the Insured) and your insurance carrier (the Insurer). This contract requires that your Insurer acts in "good faith" toward you. When an Insurer unreasonably withholds the benefits of the policy from its Insured, it is considered to be in "bad faith.")
Deciphered and ready to be proven with a preponderance of the evidence that the plan architects did act in bad faith when designing a plan that stopped at the PIERS (WAHUQ)
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Zitat SlyOne:
I am expecting another major Rosenusuck shafting/bloodbath to equity. Its coming and there will be no place to run, no place to hide (Warriors).
He knows TPS objection that POR6.5 cant move forward with TPS appeal in place.
He needs to damage common euity to pre-settlement talk levels. So, POSJMW will look at pps and say equity had a chance. They are now out of the money.
This sucks, GLTA.
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Zitat fsshon:
Our government is so corrupt and crooked and it all comes from the people in the capital building. They need to turn that thing upside down and when all the crooks, thieves and scum fall out send the ORKIN dude to exterminate them. JD knows what he did, he is using misdirection on purpose.
Paulson was one crooked S.O.B! Bush was asleep at the wheel, counting the days to Crawford. Bernanke, Paulson, Bair, Reid, Pelosi and Geithner destroyed the American way of economic freedom in 1 feel swoop, this is why academics always screw things up..
They are not good government people and Paulson was from Goldie, nuff said there.
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Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!