Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[56Chevy]

So what the DS is indicating is a minimum and a maximum recovery range. $10.86 is as good as it gets and $3.22 is as bad as it gets. ...the actual recovery will fall somewhere inbetween those two numbers...PROVIDING it's all effective by Feb. 29th, 2012.

The middle of this range is $7.04...Mr. Markets' closing price today was $2.13. Normally a spread like this would bring on a rash of buying and yet this latest plan seems to rightly or wrongly have everyone frozen as to what to do next. We're up against that wild fire of a burn rate that arguably prohibits any more rounds of negotiation. Perplexing.

This BK has been a real case study..end to end.