Washington Mutual Preferred fka WAMPQ

[hahawin]

Wahuq is trust preferred stock, not directly WMI's preferred stock, But trust is WMI's trust, it is created for collecting capital funds for tax benifit purpose( capital collected as debt). the article below may help you understand better about "trust preferred stock" that different than other two preferred stocks. not many peopel out there know this difference. Once they know, they will jump in this safer one, to become a creditor of WMI, not just investor.
http://en.wikipedia.org/wiki/Trust-preferred_security