Washington Mutual Preferred fka WAMPQ

[mordicai]

In hindsight we should have figured it was a bargaining chip for them. But how does Rozen erase that 17 billion figure from the Judge's thought process. He can't and for that reason I think it is a non-event for common and preferred holders. I believe Walrath fully understands that the nols exist because shareholders money is what management lost to generate those nols...i.e. it wasn't the hedgies who have their hand out for them under the plan.