Washington Mutual Preferred fka WAMPQ

[steved_45]

The stock's peak market cap was $62.3BB. Plus the bank was certainly trading at a premium to book value somewhere between 30-50% (1.3 to 1.5 price/book value is conservative for that era but I can't pull up any old balance sheets on yahoo finance to give a certain ratio)

http://www.doctorhousingbubble.com/washington-mutual-failure-and-collapse-wamu-largest-savings-and-loan-failure-in-us-history-the-rise-and-fall-of-washington-mutual/

So even if the price to book value is 1, I don't see how there can be an extra 90BB from what you've estimated (not to mention the billions of losses they posted in 2008)