Washington Mutual Preferred fka WAMPQ

[Vulcanized Crawler]

yea pq's have a 1000 face value. they went from 91 to 8 back to 59. wild ride. mm's in the pinks take advantage of the situation of no clear cut win. the ''settlement'' reported by the press is bs, there is none and i doubt there will be. what bothers me is the ec attorney isnt fully involved yet. time to get involved and start shooting. this was a way to get a delay without doing squat. the bondholders immediately said they disagreed with the proposal. wmi doesnt seem to be our friend, to say the least and ec needs to go ballistic.