Washington Mutual Preferred fka WAMPQ

[errett]

Let's review:
From Mordi:
11-5-10 “If the judge were to confirm the por , the equity committee is allowed to ask for a stay of that plan and to appeal to a higher court to review her decision. In some instances a post confirmation equity committee can be created. When the first examiner motion was not granted , the equity committee appealed ! “

11-08-10 “Don't underestimate the tenacity of Mr. Willingham. He worked wonders in the Mirant case. If JPM relinquish the tax refunds in the por, what have they given up to settle? What was not theirs to begin with. “

12-02-10 “The examiner report is pure hearsay. It is out for every proceeding. The parties have to bring in people and have them testify in court under oath in order to use their statements to prove their case. Excellent news. Buy Buy Buy “

12-02-10 “You are correct. She has to rule based on the record put before her by the parties, not the examiner. I believe she knows the examiner was a total waste of time and resources. She is going to rely on her own thinking in making her rulings imho and not be influenced by the examiner's whitewash. She is going to do her best to push the parties to settlement so she doesn't have to rule imho. We are near the end”