Washington Mutual Preferred fka WAMPQ

[Chiron]

I think the deal sucks, Preferred should have gotten at least 500 mil - 1 bil in cash and 90% of the newco. I had misgivings about Willingham who only owned commons leading this charge, and I was right. I really wish Eposus Creek had stayed on the EC, I think our deal would have been A LOT better.

But, I'll hold and see what happens with the newco. Perhaps we'll be pleasantly surprised.

Mydad made a good post on Y! about the deal 'protecting' and saving face for a few firms. I think there is something to that.