Washington Mutual Preferred fka WAMPQ

[Bizreader]

One of the key things to remember about this play in WMI is that JPM exercises lots of influence, legal or not, on this share price. Knight/ NITE, the MMs, and the tenacles or connections with owners of JPM point to manipulation. And there is complicity among other regulators due to old habits and general pecking order among business entities.

There is large institutional investment here and many signs are pointing to good things to come.

But, yeah, it's a pain to watch these prices languish here.