Washington Mutual Preferred fka WAMPQ

[steved_45]

Look, I've been a holder since Oct 2008, but when the person that got screwed comes up with a settlement to be made whole, how often does their proposal get rejected b/c they're not asking for enough? Or in a civil suit how often does the judge just tack on a couple extra grand onto the plaintiff's damages because it would be more just?

Maybe I'm missing something but a part of me feels that the bondholders completely control this suit and we (preferreds) really don't have much of a voice. We're taught to leave the 99 sheep and go after the 1 that is lost but I don't think the 7 debtors are going to walk away from a 100% payout to save the 8th (us).

Someone please explain to me where legal precedence would say otherwise. I really want to be wrong...

Thanks,
Steve