1st step. hang the lawyers

Discussion in 'Wall St. News' started by stock777, Sep 25, 2011.

  1. Any compromise that would give money to shareholders or other creditors to persuade them to drop their opposition would probably be paid out of the Piers recoveries, Starke said. The longer the case drags on, the more money Piers holders, including the four hedge funds, will lose as WaMu pays for lawyers, financial advisers and other expenses using the cash it is holding for creditors.

    The case costs about $30 million a month in expenses, according to court documents.

    let them spend the money in hell