Replies to post #4 on Washington Mutual Debt

[marayatano]

Ya, with Wamu, the Toprs you refer to is WAHUQ. I think they are very likely to be paid off, but next in line is WAMPQ and WAMKQ. There is only approx. 500 Million to pay WAHUQ then WAMPQ/KQ is next in line. Better risk and return ratio on WAMPQ.

I was looking into buying debt that is in BK that is distressed since I know it will be a debt for equity swap in the end. I was looking at Trump Entertainment (?). Trump recently said he was going to buy the assets of the BK'ed company, but it does not look like the debt will have a return. Trump screwed EVERYONE. I am still keeping an eye on it though.

I have to run again. Going to lunch and have to pick my my car from repair shop. Arrh...

Thanks.