Washington Mutual Preferred fka WAMPQ

[mordicai]

Either (a) corruption i.e. compromised lawyers and/or directors covering their backsides by closing the matter quickly; or

(b) the Washington Mutual Bank book value was really diminished over a 4 month period by bad loans and JPM bought a pig and a poke and has shown the holding company that. or

(c) the 4 billion dollar transaction was a sham account.

I believe the first, because we had the ec lawyers saying at the motion to disband that they would not pursue things that they found not worth pursuing. Yet the lawyers for the holding company have nevertheless kept the ec out of the loop which to me smells of trying to hide something.