hahahahahaa thanks for your Wishes but have to say that you just here thankfull to Willingham or else you would be standing in cold with The Lehmans Commons.It was he who convinced the Prefereds Holders of the Equity Class and he was the Only Common Holder of the Equity Group made of the Prefereds+Commons Sharesholders.So as I said early bring your Sinister wishes doesnt make them fullfill but gives the Prefereds Holders a bad feeling to have left you and other Common holders share the remnants of the WAMU. Dont you ever forget----> 75% prefereds+25% commons is the Split of the 100% of whatever it comes to the Equity Class made by the Prefereds+Commons.
The Preferred Class 19 have a Claim against the Debtor's Estate. That Claim is to be satisfied by the WMI Preferred Offering and their Supporting Trusts’.
PREFERREDS will receive more than just face plus interest from WMI Preferred Offering and their Supporting Trusts’ because that is their property. The WMI Preferred Offering and their Supporting Trusts’ was over funded by $10B - $13B than the original $4B offering. Preferred are equity, but where never converted into Commons, to become Owners of the Estate.
Do the Commons share in the Preferreds property? P's and K's are a secondary offering of WMI Preferred Funding.
JPM paid back the $4B from the "Conversion Event" in the 363 Sale.
News 
Market Data 
Discover 
