Washington Mutual Preferred fka WAMPQ

[etzetrade]

No, she just thrive a bone to us instead. 5B NOLs is bookvalue, it is probably worth 1.1B market value. So, Preferrds are worth roughly 10-20% of FV.

Instead ruling 4B deposit favor to us, she let JPig gone. Otherwise, JPig would contribute additional 4B in exchange of release. Then, we are in FV.