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ZItat Yanik:
THIS IS SICK! READ bottom of page 55 onward
. "187. This is not a picture of a Debtor who assiduously discharged its responsibilities as
fiduciaries for all interested parties, shareholders as well as creditors. It is a sorry story of a
bankruptcy run in secret, with the knowledge and complicity of the Debtors, for the benefit of a
favored few, who played decisive roles in orchestrating both the GSA and the Plan, who stand to
profit handsomely for their efforts, and who now ask this Court to hold that at no time did they
owe any responsibility or legal duty to anyone but themselves.
{00545965;v1} 56
188. Ironically, it is a story that never would have seen the light of day but for the
arousal of this Court’s suspicions – well-founded, as it turns out – at the December 2010
confirmation hearing. Moreover, it is undoubtedly not the full story, given the restrictions on
discovery that the Court was persuaded to impose on the Equity Committee, the relative brevity
of time within which the discovery was compressed, and the SNHs’ failure to produce privilege
logs that might have given the Equity Committee an opportunity to test the validity of their
decisions to withhold contemporaneous documents from production. Yet the story, as
incomplete as it may be, is disturbing, and it demands corrective action by this Court.
189. The SNHs and the Debtors are jointly attempting to persuade the Court that what
happened in this bankruptcy – one that stems from the largest bank failure in U.S. history -- is
“business as usual” and should be approved. We have no way of knowing whether events
similar to those revealed here have happened, and are happening, in other cases. However, if
they are, then approving what occurred here would be the wrong message for the judiciary to
send. Regardless, the decisions the Court must make are confined to the facts of this case,
whether they are unique or not, and based in the facts shown in the record before the Court, the
relief requested by the Equity Committee herein should be granted.
I will post more as I read onward.
GO TEAM!!!!!!!
"The
{00545965;v1} 58
Court’s “fair and reasonable” finding with respect to the GSA does not preclude the Court from
subsequently determining whether the Modified Plan is being offered in good faith. The plan
proponents’ contention that the good faith issue is somehow foreclosed because of the findings
with respect to the GSA must be rejected."
---------------
Zitat drrugby:
Yanik, This is only part of the story.. The question thus ensues.. Will the GSA parties really want to go further down the rabbit hole.. And fight Equity.. It is already expensive for them to settle.. Its only going to cost a whole lot more as time wears on..
With this type of Insider trading detail and proof the allegations should stick and the group of HF should be going to jail. In due time, the HF's will not get to collect 200$ when passing go and will be shut down. .. Its a big deal.
The judge only has one choice or she also goes down with the ship of JPM's dismay.
Ladies and Gentlemen.. The Rabbit hole is ten times deeper.
If the judge denies the POR and allows the EC to get full discovery 2004 power. the EC unleashes the hounds to go after JPM/FDIC/Debtor and Creditor Committee.
We would find out how corrupt this system really is:
IMO: We would find the following.
1. JPM directed the debtor to deplete the estate of funds by bill padding.
2. JPM Directed the Debtor to persue settlement negotiations while leading the public to beleive that WGM/A&M were going to go after the big bad wolf (FDIC) and his (JPIG) side kick.
3. We might find out that it was JPM that developed this whole master BK Fraud plan prior to WMI going into BK.
4. We might find out that JPM forced the SNH into this plan because JPM asked for Favors from other cases that they were master minding.
5. We might learn that it was the FDIC forced JPM into its actions because Chase and the FDIC were having finaical problems so huge that it could ahve taken the whole system capital down.
6. We might learn that the biggest player on the block does not play by the rules. And has its own set of rules. and in the end wont even play by those rules..
We learned the following:
1. WGM did the negotiating with JPM not the conflict counsel they hired.
2. SNH Negotiated in Bad Faith.
3. WGM did not perform their fudicary duty.
4. JPM was controlling the settlement negotiations for the FDIC.
So: The actions are now put before THJMW..
Does she or does she not..
Throw a very big stone at the glass wall and take down Galiath.
The Pen is mighter than the sword and that pen can do the following:
Deny the POR, Remove the debtor and all its legal eagles, Disallow the SNH claims, request an US Attorney to investigate the HF's activities and Kill the GSA...
All in one quick pen stroke.. is all it will take..
GLTA..
GO SG EC..
DrR..
--------------------------------------------------
Zitatende
MfG.L:)
ZItat Yanik:
THIS IS SICK! READ bottom of page 55 onward
. "187. This is not a picture of a Debtor who assiduously discharged its responsibilities as
fiduciaries for all interested parties, shareholders as well as creditors. It is a sorry story of a
bankruptcy run in secret, with the knowledge and complicity of the Debtors, for the benefit of a
favored few, who played decisive roles in orchestrating both the GSA and the Plan, who stand to
profit handsomely for their efforts, and who now ask this Court to hold that at no time did they
owe any responsibility or legal duty to anyone but themselves.
{00545965;v1} 56
188. Ironically, it is a story that never would have seen the light of day but for the
arousal of this Court’s suspicions – well-founded, as it turns out – at the December 2010
confirmation hearing. Moreover, it is undoubtedly not the full story, given the restrictions on
discovery that the Court was persuaded to impose on the Equity Committee, the relative brevity
of time within which the discovery was compressed, and the SNHs’ failure to produce privilege
logs that might have given the Equity Committee an opportunity to test the validity of their
decisions to withhold contemporaneous documents from production. Yet the story, as
incomplete as it may be, is disturbing, and it demands corrective action by this Court.
189. The SNHs and the Debtors are jointly attempting to persuade the Court that what
happened in this bankruptcy – one that stems from the largest bank failure in U.S. history -- is
“business as usual” and should be approved. We have no way of knowing whether events
similar to those revealed here have happened, and are happening, in other cases. However, if
they are, then approving what occurred here would be the wrong message for the judiciary to
send. Regardless, the decisions the Court must make are confined to the facts of this case,
whether they are unique or not, and based in the facts shown in the record before the Court, the
relief requested by the Equity Committee herein should be granted.
I will post more as I read onward.
GO TEAM!!!!!!!
"The
{00545965;v1} 58
Court’s “fair and reasonable” finding with respect to the GSA does not preclude the Court from
subsequently determining whether the Modified Plan is being offered in good faith. The plan
proponents’ contention that the good faith issue is somehow foreclosed because of the findings
with respect to the GSA must be rejected."
---------------
Zitat drrugby:
Yanik, This is only part of the story.. The question thus ensues.. Will the GSA parties really want to go further down the rabbit hole.. And fight Equity.. It is already expensive for them to settle.. Its only going to cost a whole lot more as time wears on..
With this type of Insider trading detail and proof the allegations should stick and the group of HF should be going to jail. In due time, the HF's will not get to collect 200$ when passing go and will be shut down. .. Its a big deal.
The judge only has one choice or she also goes down with the ship of JPM's dismay.
Ladies and Gentlemen.. The Rabbit hole is ten times deeper.
If the judge denies the POR and allows the EC to get full discovery 2004 power. the EC unleashes the hounds to go after JPM/FDIC/Debtor and Creditor Committee.
We would find out how corrupt this system really is:
IMO: We would find the following.
1. JPM directed the debtor to deplete the estate of funds by bill padding.
2. JPM Directed the Debtor to persue settlement negotiations while leading the public to beleive that WGM/A&M were going to go after the big bad wolf (FDIC) and his (JPIG) side kick.
3. We might find out that it was JPM that developed this whole master BK Fraud plan prior to WMI going into BK.
4. We might find out that JPM forced the SNH into this plan because JPM asked for Favors from other cases that they were master minding.
5. We might learn that it was the FDIC forced JPM into its actions because Chase and the FDIC were having finaical problems so huge that it could ahve taken the whole system capital down.
6. We might learn that the biggest player on the block does not play by the rules. And has its own set of rules. and in the end wont even play by those rules..
We learned the following:
1. WGM did the negotiating with JPM not the conflict counsel they hired.
2. SNH Negotiated in Bad Faith.
3. WGM did not perform their fudicary duty.
4. JPM was controlling the settlement negotiations for the FDIC.
So: The actions are now put before THJMW..
Does she or does she not..
Throw a very big stone at the glass wall and take down Galiath.
The Pen is mighter than the sword and that pen can do the following:
Deny the POR, Remove the debtor and all its legal eagles, Disallow the SNH claims, request an US Attorney to investigate the HF's activities and Kill the GSA...
All in one quick pen stroke.. is all it will take..
GLTA..
GO SG EC..
DrR..
--------------------------------------------------
Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!
