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[posting]38817952[/posting]Ergänzung We lawyers are a slippery bunch when we need to be. I knew at once that Weil was tapdancing about the value of equity and the EC. I can't wait for Weil to get into bed with the EC after Judge Walrath denies the motion to dissolve the EC. We have a reference point for the preferreds (par), and we know the truth behind the A/L smokescreen, hence even without the litigation $ preferreds have soared. Of course, that's taking into account the non-litigation $ inflows. The only real mystery is what JPM and the FDIC have offered or will be forced to pay because that's where the key to commons above $1 lies. We'll get a hint when Q takes its next run (at some point after Thursday). To guesstimate what will be available for commons look at the value of the seized assets. The EC will zero in on this. I wrestled enough with that 14 months ago and am satisfied I am on the right track though people thought I was crazy -- and said so. |
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| aus der Diskussion: | Washington Mutual - Faktentread |
| Autor (Datum des Eintrages): | luckyduke (26.01.10 23:12:11) |
| Beitrag: | 1,018 von 2,807 (ID:38818449) |
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