Washington Mutual Preferred fka WAMPQ

[clawmann]

Me. Actually, I think 90-10 would be better, but I doubt the judge will go there. I do think she is going to look long and hard at the proposed 70-13 split and will ask: "So what is the justification for the EC to make such a substantial deviation from APR? The EC represents both the commons and the preferreds, so it is not like an independent lawyer representing only the preferreds has agreed to this." This is where I think we have to rely on the lawyers for TPS to raise the issue.