Washington Mutual Preferred fka WAMPQ

[mordicai]

Just speculation on my part, but I believe the current gsa is dead, that jpm and the fdic have agreed to pony up some settlement dollars to get the whole matter resolved and forestall future litigation, and that the delay is primarily due to the ropes that fdic officials have to go through to sign on the dotted line. All these firms are gigantic and have the personnel to get the documents drafted quickly. TPS is not really a problem imho because if TPS continues their lawsuit it involves assets in JPM's hands not the estates. As things now stand given Walrath's ruling against TPS, the equity committee calls the shots with respect to whatever interest TPS has in the preferred payout.