Washington Mutual Preferred fka WAMPQ

[etzetrade]

Not piss off preferred holders, MW will re-issue P and K in the same terms and condition in WMI2. MW could hold dividents for maximum 20 consecutive periods. Let the market to decide its value upon the any new visitors for NOLs and dividents resumed.

Don't trust BR's word, he is the biggest liar in the world. He just want to confuse market to credit sell off preferreds, and create a better position for JPM. I still believe JPM is the best candidate for WMI2.