Washington Mutual Preferred fka WAMPQ

[Rumble]

J.P. Morgan officials have told other parties in the case the ban on TARP
recipients using the tax break is irrelevant, because it was WaMu that paid the
taxes on which the refund is based. J.P. Morgan has noted the refund wouldn't
go to it directly; it would sit in a receivership at the FDIC that also houses
the $1.9 billion JPM paid for WaMu's banking assets and deposits.

Which all goes to say, why is WMI giving them this money. If I read this correctly, they can't collect on it if they were to buy up the company, and therefore, the judge couldn't award it directly to them because they are in-eligible.

This will never fly!

Let's go EC, JPM has taken enough already, it's time for the stakeholders to get paid, all of them.