Thanks for the reply, WG. Over the years, two things have happened - CTs are trading and all shares - preferred and common - remain in trading accounts. The so called OBS.
CTs first - they are contract bound, by law per their respective prospectuses, to be paid in full in this type of situation. And it is the full monty plus.
As far as the other issues of securities, I have no dog in that hunt. Think about this - in your trading account, are your preferreds still showing up, eh? If so, then one would surmise that Pappy will roll with an existing share base upon reemergence. Been saying that for years.
At the end of the day, WG, WAMU first, then Pappy. Remember, it's still all about politics. But all here who hold will be good - just taking too gotdamn long - lol.
In the meantime, have a few Sinatras and laugh at the Mets - where's Casey Stengel when ya need him, eh?
News 
Market Data 
Discover 
