Washington Mutual Preferred fka WAMPQ

[kirby96]

That's my interpretation as well, and now that we've had a couple hours to digest, is probably the conclusion of all the bright people out there. So that said, why no movement in share price? I've always believed this will only move on prospects for actual recovery (and as such doesn't generally 'move on news'), but the notion of serious talks in lieu of examiner seems like a slam dunk that recovery prospects have improved dramtically.

Something doesn't seem right.