Reporters are morons. Not all of them, but most of them. This is either an intentionally inaccurate quote, or gross negligence. They either said it like that on purpose, or they didn't know and should have.
I also hate the way people refer to WaMu and Washington Mutual like they are interchangeable. Just because a stock symbol includes the letters WAMU, doesn't make it ok in my eyes to refer to Washington Mutual as WaMu, especially considering the circumstances.
I swear there should also be an international proofreading association that has the ability to fine idiots who make a gross amount of mistakes.
I am going to sell all of my non-WM stocks first thing in the morning and go all in with the Ks. I was going to keep some money out, but am still more than strong in my position with the Ks. I don't care if these things trade at .01 and wish they would, because of the terms, because they are preferreds, and most importantly because they are backed by Washington Mutual If I had enough money to back a margin account I would and would trade WM options.
Also, anyone who thinks that this is going to be a long bankruptcy is a moron. Everybody thinks it is going to take a long time. Bottom line is that in about 2 1/2 weeks…………….
It is going to be 3 months ALREADY. They’ve been long days, but it’ll be a quick 3 months. That's what being excited does for you. It's ok to be excited. It's just unfortunate that pessimists are so quick to use the P - word whenever someone shows genuine excitement and the B - word whenever someone presents an opposing argument.
This is not your average bankruptcy case!
This is true in its fullest form.
Good observation z ! Also, thanks for all of your hard work!!
