Washington Mutual Preferred fka WAMPQ

[eighty]

Although JPM is officially out of the mediation room for now, they might be driving the mediation from the back door. Was reading this article in seeking alpha and perhaps it makes sense to feel the same..


"The very lucrative nature of this settlement leads American Banker to believe that JP Morgan may eventually chip more into the pot to pay shareholders. Banker concludes in their most recent article, “Many creditors are looking to JPMorgan Chase to drive mediation discussions, as it can't get the benefit of its deal until Washington Mutual's Chapter 11 plan is in place.”

http://seekingalpha.com/article/296155-washington-mutual-reorganization-part-2-fund-insider-trading-charges-prompt-mediation-order