Washington Mutual Preferred fka WAMPQ

[steved_45]

A couple questions that I would appreciate it if someone or several people responded to that my buddies and I are trying to figure out:

1. Rosen works for the debtors whom just filed a motion to reject the POR? If true-shouldn't this ruin Rosen's reputation if not career?

2. The 4B in Caymans would be property of the debtors--hence the price of WaMu debt trading over par value?

3. Are the Cayman TPS's a deposit that JPM assumed that wouldn't need cash from JPM or the NOL's to be made whole? (Unlike what we're counting on as P's and K's holders)?

4. Finally, does this objection bring to light new facts--such as WaMu management's possible fraudulent conveyance of the TPS w/o investors' knowledge--that may end up expanding this case-pushing the time horizon out much longer than had been anticipated in the past? (assuming JPM is too stubborn to settle)

My intuition tells me the recent filing is potentially a game changer for all preferred asset classes but I'm not 100% sure how w/o further speculation based on unverified presumptions. Thanks for your time.