Washington Mutual Preferred fka WAMPQ

[Jestiron]

Although I cannot really explain...it seems to me that holding back on valuation and smoking gun presentation (final and incriminating) is only because Susman or the UST believe that they can only get both the FDIC and JPM (and Debtors) on the same hook, by letting it sit in the fish tank until they are all yanking and fighting.

WOW! That was a mountain of blurry supposition,....

Point to me is that I think Solomon/Susman likely already have enough needed to haul in enough assets to put PQs to full and UQs solidly in the money....but by waiting they can maximize liability by allowing the JPM/FDIC relationship to fester.

jest