Washington Mutual Preferred fka WAMPQ

[steved_45]

Part of me doesn't even want to respond to such a preposterous hypothetical but I will b/c I'm bored and in a good mood watching CNBC.

If I did know that w/100% certainty then so would everyone else, and the commons would probably be trading at 11.90 and the P's and K's would be at over their face value with the expectations of back dividends.

Just so you and everyone else know, the commons won't get $12 or $24 because federal racketeering charges will never be brought because they will never be proved; if a RICO charge was brought by some desperate attorney that's been out of work for the last year or two, the court would probably grant FRCP Rule 11 sanctions to the plaintiffs council for unfounded litigation before dismissing the case on the defendants motion for summary judgment.

WaMu screwed up. We all know it but most are in denial. I invested in WaMu not because I think they would have survived (unless they were bailed out), but because they were sold too cheap. They failed. Lets accept it and invest prudently and not post misleading messages to the detriment of hundreds of others that read these posts for investment knowledge.