Washington Mutual Preferred fka WAMPQ

[Billiam_2]

The hard part of holding a stock like this is that the majority of us don't understand all the nuiances of bankrupcy law. Obviously the market doesn't either. We knew from the begining that there would be twists and turns. Some will say settlement immenient, others years in BK court. Both have plauseable argruments. However, you cannot escape the fact that on a cold, dark Thursday evening in September the FDIC did a despickable act by stealing WAMU and giving it to JPM for less than 1% of book value. This will not be swept away and the FDIC and JPM will have to pay dearly for their acts.
If you are patient enough to hold you will be greatly rewarded. $$$$$$$$$$$$$$$$$$$$$$!!!!!!!!!!!!!