Washington Mutual Preferred fka WAMPQ

[wall_street61]

Now that is some backwards thinking. Listen, if there isn't enough funds to reach commons, guess what, they get zilch. If the SNH's want to give a gift, that is one thing. If Mr Willingham is actively trying to fund his common interest to the detriment of preferreds, dime, etc., then that is just as an illegal activity as the SNH's have allegedly done. That would be a breach of fiduciary duty and self dealing by Mr Willingham. He could be open to liability, and damaged parties could seek equitable disallowance of his interests, have him removed from the committee, have him removed from the liquidation trust advisory board, litigation advisory, etc.

If he tries that, he's an arrogant fool.