“Heads we win, tails they lose”
— fictitious statement by Walter Ng
We, the noteholders, hold empty notes and empty votes. Those elected to serve and protect our interests served and protected their own interests as well as the interests of large, billion dollar corporations. This is the story of David vs. Goliath. Yes, we’re David.
Thanks to Equitatus for delivering the not-so-rosy news.
Thanks to the Official Creditors Committee for their dishonesty and deceit. Congratulations to the favored noteholders who cashed out. Congratulations to Wells Fargo. Congratulations to Akin Gump. Everyone who doesn’t need it gets paid. Everyone who needs it gets zippo.
Despite the fact that this is depressing news, there will be many other important battles to fight. And fight we will. Get your slingshots ready. It’s time to slay the oppressive giant.