Replies to post #21390 on Washington Mutual Preferred fka WAMPQ

[Emptyhead]

Basicly in a nut shell he believes only the lawyers will see any money.

[mordicai]

I believe in the final outcome the preferred will have the greater rate of return. For commons to see $1 someone has to pony up 1.7 billion dollars. But before that , in a liquidation scenario, billions more have to first go to the preferred. Seems to me jpm would have given up its "settlement" rights to the nol refunds to appease the fdic demands by now to push the por through. And if litigation warrants become the mechanism for a new settlement, seems to me preferred will get them, not the common.