Large Green Wednesday, 08/13/14 06:36:45 AM
This is so not true because one fails to look at the actions which are the most important but time will tell at some point. To start with I believe in actions of the SNHs and what were they really trying to get. One would have to understand why the SNHs sued JPM in 12/2009 and then why the JPM sued the SNHs in return for insider trading. This was the same month that US Trustee Joe McMahon called for "exigent circumstances" and demanded an equity committee. Both sides pulled their lawsuits against each other so you will not find anything filed other than links that no longer work.
They settled their differences with each other by dividing up the "Stolen Enterprise" with signed court sealed term sheets that were signed on March 11, 2010. Then Rosie had his infamous no money for equity rant with his POR discussed in open court during trading on March 12, 2010 which made all WaMu securities plummet. Yes, Rosie even billed for his phone call in the court hallway to Starke when the Judge unexpectedly delayed the court hearing and the sell off started early. Most people recall this unfortunate event.
So one of us looks at what actually happened and connects the dots to what the SNHs were really after. IMHO, we have found what they were really after and do NOT BELIEVE for a moment that the well educated Professionals were ONLY after tax attributes as the reason they went through court ordered insider trading trial and then court ordered two months of mediation.
They could have easily avoided this insider trading trial and mediation by making a deal with equity. They were so hell bent on screwing equity that they actually went through a court ordered insider trading trial which basically found themselves guilty. NOBODY with this kind of sense would not have jeopardized their entire life in this manner for a handful of billions in tax attributes in a fifty cent shell company that most said they had very little chance in making work. Yes, they were and are after billions and billions of dollars and yes again folks, IMHO, it is coming to an escrow share account near you.
Have I told you lately how much I love my escrow shares?