Washington Mutual Preferred fka WAMPQ

[HROLLER]

When she made her decision, she did mention the class action suit, in which the WMBNH pointed out, that states that executives were making false and misleading statements when a statement was released showing that Wamu was well capitalized and had plenty of liquidity before the seizure. We all know Wamu was well capitalized and had plenty of liquidity. So basically she didn't want the WMBNH to get screwed because of the actions taken by the FDIC and JPM. This pressures JPM and the FDIC to make a settlement that includes all parties or else she will have a hearing if Wamu was solvent and liquid and rule. As for equity, our EC will be determining the value of the assets that were fraudulently conveyed. This will be a win, win for all parties involved.