Replies to post #21899 on Washington Mutual Preferred fka WAMPQ

[DudeBug]

FDIC was pretty adamant in their Objection filing that they would NOT sign off on a global agreement and give up their rights to criminal investigation into WMI management.


Now in the PR, they state that they have agreed to all stay or dismiss further litigation amongst all parties. Doesn't make sense what Rosen could offer to change their mind.


I'm with you that I'd have to see in writing where the FDIC has agreed to it. The FDIC lawyer called Rosen out on 5/5 about NOT being aboard then, they weren't onboard on the 13th, so I'd like to see what has transpired to get them onboard now.

Added: Just because Rosen agrees to give up litigation doesn't mean the equity holders can't pursue it just as ANICO is pursuing their case. I don't see the Cayman's or REIT's going away quietly either. They won't stop until someone pays them.

[jdstinger]

I feel that's exactly what WMI is trying to do. Take away as many share so they won't be voted out. Which means Rosen keeps his job.

Equity is the blood of any company but when something bad happens to that company, equity gets treated like the red-headed stepchild.

JD