Washington Mutual Preferred fka WAMPQ

[errett]

Strike---I hope you are correct. I have doubts though based on two items currently rattling around my head.

Go4TheWildRide's post---he called and spoke with Cross who confirmed that they were looking at 10's of billions in assets--so less than 100 billion.

Susman has mentioned recently that they were looking at $20 billion---and I haven't found that info again--still looking for it----

If equity--commons and preferreds---got 20% of assets--$20 billion that would be a very good deal in my opinion---$8 for commons or about $14 billion and $7 billion for Prefs---and the EC will decide if this works not Susman nor anyone on this board----the head of the EC would have $8 billion in his pocket-----plus that would be twice the offer JPMC originally made given the outstanding share count has doubled since then------JMHO