Washington Mutual Preferred fka WAMPQ

[JayTheRipper]

Right now the are about to start phase 2 of wind down per billing statements. Meaning liquidating useless assets that no longer hold or will hold value. I don't see WMI coming out of bk as is. They don't have a cash cow to keep running a business. I see the only route is a buyout/settlement. There is a third party involved per the billing statement so JPM better what out or they will have a problem if wmi gets aquired.

Also the DOJ are involved and they have settled with the IRS @ 22%

It looks good ATM but anything goes

I expect July to be the month of glory but that is my speculation


Jtr

From IPhone