Washington Mutual Preferred fka WAMPQ

[mordicai]

Office of thrift supervision will close in a year. Nothing about UST office being eliminated or closed. Under the financial reform bill, for future cases (not wmi) the fdic will have power to convert a bank holding company bankruptcy into a fdic receivership basically. Now that walrath has appointed the examiner, that order stands and can't be undone under the financial reform act for those who might still believe it can be applied to wmi. (It can't). Very pleased with today's court order. Amazing how we have so much more information and a good equity committee fighting, and yet still under $100. Well, you are not suppose to look a gift horse in the mouth, so time to buy more.