Washington Mutual Preferred fka WAMPQ

[dix]

There aren't enough Estate assets to give preferreds more than 0-1% (and preferreds will end up nothing), and there will never be a plan that gives them any more than that.

If TPS attorneys prevail in their assertion that the Trust Perferred Shares should have remained with WMI but were illegaly and fraudulenty transfered to JPM and are over ruled in their assertion that the Conditional Exchange did not take place then there will be approx $10-13bil in assests to be divided with creditors and preferred share holders.According to TPS the total liabilities are in the $8-9bil range.

http://www.kccllc.net/documents/0812229/0812229100707000000000001.pdf

page 20 and 21/97 items 67&68.



Ten