Washington Mutual Preferred fka WAMPQ

[HROLLER]

I agree....What I think is that JPM is "giving up" the tax returns because it just looks bad that they would have received an extra $2 billion on top of what they've already made from Wamu's assets when they only paid $1.88 billion to the FDIC. Now if they assume the preferreds, including the caymens since JPM has the MBS, now they get to keep the tax returns but without the spotlight. In regards to commons.......??????