Washington Mutual Preferred fka WAMPQ

[Bizreader]

That is IT in a nutshell.

Judge W has to make the next move unless there is an announcement from the principals of an imminent settlement.

I wish there was a someone at the Treasury that would take over for the good of the depositors, the stock holders and the tax payers. After all, even the banks, i.e. the smaller banks, want to know if the FDIC can legally pillage billions on a whim.