Washington Mutual Preferred fka WAMPQ

[marayatano]

Clarification: My opinions were strictly in regards to Debtor's POR/DS. Imo, preferreds will ultinmately become the fulcrum. Debtors will need Preferreds vote at that time. They will try and "buy" our votes with sudden "discovered" assets to temp us.

Examiner's report was incomplete. Judge Walrath will be disappointed. Examiner stated, preferreds are out of the money by $500 Mil.

BTW, I am NOT a die hard "long till' the end." I am more rational. (no offense everyone). I take calculated risks.

Make this post: EC ETA competing POR end of this week or at the latest, Monday. This one will benefit preferreds (for obvious reasons), etc.

imo