Replies to post #18549 on Washington Mutual Preferred fka WAMPQ

[goforthebet]

thanks again mordicai and good luck to all of us

[jcpny777]

gm mordicai with the billions offered in yesterdays debacle do you have any idea of what each stock would be getting (if anything) if everything stood as is.

question 2 how would you feel about being on the new bod if we can get one formed. im sure plenty would be happy to vote for you
thanks for all your great posts

[Nightdaytrader]

Modicai, if we can't reach an agreed on settlement, how does WMI win? That is, if I fast forward several months down the road, and say we were in court against the FDIC/JPM, how do we argue a fradulent conveyance motion when we have somebody like Rosen/WMI representing us? It doesn't seem like he's looking out for common shareholders (I realize we aren't his #1 priority but still....)

Any thoughts on this would be appreciated.

thanks,
ND9

[tombrady12nh]

Mordicai, thannks for being honets-you are no longer in WAMUQ correct? that means you sold yesterday? Obviously, you believe the Commons have been left out at this point and without a doubt will receive nothing. I feel sorry for the folks who fell for the $8-24 Hype Crap. GLTY A free lunch does not happen in this world.

[climberprof]

Mordicai

If they offered a low ball for the settlement that would be understandable as a strategy.

However, what I do not understand is that JPM/FDIC did offer "zero". Morever, what puzzles me they get the higher share of the billion dollar tax returns of WMI!!

How could this be possible?!?!?!?

JPM paid $1.9B for WMI and now it is getting back more than that from WMIs tax returns and also FDIC is getting more $s forget about giving anything to WMI.

I just cannot understand how a lawyer could be agree to these terms after all it is said and done through Rule 2004, claims, etc.?!?!?!?

SOmebody please can explain this?

Thanks
Climber

PS:
I guess after this point the most they will do maybe give all tax returns to WMI and that is it. I do not think they will give even a penny more from their own pocket.

[Nightdaytrader]

Mordicai, I couldn't tell if WMI dropped all it's other potential future claims against JPM/FDIC... Examples would be the fradulent conveyance, the conspiracy to take WMI down, JPM releasing non-discloure information to others, etc, etc...

Could the WMI/JPM/FDIC strategy be to offer zero (yesterday in court) and then get WMI to agree to drop all the other charges/motions for giving commons $/share?

thanks,
ND9