Replies to post #21178 on Washington Mutual Preferred fka WAMPQ

[etzetrade]

Excellent post.

Please correct me if I am wrong, and need your opinions.

Basically, pref. has no voting right vs common. However, in BK case, can it be different in terms of decisions of final settlement? Pref may has something to say in liquidation. But could pref. direct the avenue of settlement?