Washington Mutual Preferred fka WAMPQ

[des6]

Living in the Seattle Washington area it has been amazing to see the strength of Chase's add campaign within the last two weeks. All of the sudden radio ads, billboards, and even google ads on my ihub pages popped up out of no where. All of these advertise Chase as being Washington's new bank. I cannot imagine JPM spending so much money unless they knew their deal with WAMU was no longer in question. The timing also make me think that a deal with JPM might already be done and we are waiting for them to repay TARP. Totally IMO. Anyone else in Washington notice the same thing?