@Hufi & rwt15 in Anlehnung eurer Beiträge ein post aus yahoo:
THE BEST YET TO COME FOR LONGS 6-May-10 01:25 am
I could not be happier today and I believe we have reached a milestone in this case. Why am I saying that and why am I so confident we will see a good settlement?
Lets rewind a little bit. Rosen, if he was sold out from the begining would not have pushed for discovery from get go and if that was the case from the begining then this case would had seen POR long time ago not after 18 months. Some had to occur and a lot had to be discovered by ROSEN so for JPM and FDIC to come to the table. What was it? Why did it take so much time for JPM and FDIC to reach a settlement with ROSEN? Just as a reminder the lawyers for JPM were saying from the begining and even last winter that there is not one witness to 4.4 billion deposit from WMI to WAMU bank. and this money belongs to JPM now. Why did they decide to give it up? What magic bullet Rosen had in regards to discovery, valuations and so on that made JPM/FDIC to reach some sort of agreement? I believe ROSEN is sold out to JPM but how much? Do you really believe their price was the same in September 2008 versus March 2010? Obviously Rosen did some good work in regard to discovery, WAMU valuation at the time of seizure and 4.4 billion deposit. JPM must had gone to them and said well done Rosen now this is how much you are worth if you join our camp.
My take on Judge's rulling today is that she knows Rosen had done a lot of work. and must make his work available to the EC. Longs this is exactly what judge rulled today. Rosen's work belongs to EC (shareholders). Why hire an examiner when lawyers for WAMU have gathered all the facts in the last 18 months. Judge knows Rosen made a deal with JPM/FDIC based on these facts and she wants all these facts to be known to the EC. She also wants EC to act as an Examiner. She is basically telling EC take what ROSEN got in the past 18 months and used it to force JPM/FDIC to come to the table. Now it is EC's chance to use these facts to prove themselves that there is enough money left for shareholders.
I think that we are getting closer to reach a sellement than ever. EC has the upper hand now.
Disclaimer: I am preseizure and post seizure holding Q's and P's. I am not suggesting to sell or buy. Do your own DD.
messages.finance.yahoo.com/...p;mid=448251&tof=7&frt=2
Gruss BA