The Floridian Boys

[joey13]

Let me start by saying the normal is that if a BK stock doesnt have any money left over after the pay secured creditors or not enough money to pay then commons get cancelled.

Second, commons are the highest risk to be cancelled but can have the biggest returns.. Preferreds get paid first.

WAMUQ is unique because they have alot of money and assets which could still not be enough, but this is more about the improper seizure of Wamu.

The suit against the FDIC and JPM is what people r banking. It you read in depth u will see that Wamu was definitely seized improperly and that there seems to be more behind it than meets the eye.

Jackson is better than me for more detail. Hope this helps