Washington Mutual Preferred fka WAMPQ

[HROLLER]

Equitable disallowance means that the Judge has the power to squash the HF's claims. The Judge did mention that further investigation is warranted but she wants us to go through mediation (negotiate) in order to come up with an agreement. Now if we can get the HF's on our side, maybe we'll be able to change the direction a little more and get JPM or the FDIC to contribute. The bottom line is that the Debtor's shouldn't be gifting a large portion of our tax refunds to JPM and the FDIC (approx. $3 billion).

EDIT:

FJR is "Federal Judgment Rate". It's a lower rate at which the debt will be paid.