Replies to post #27446 on Washington Mutual Preferred fka WAMPQ

[HROLLER]

Your statement was that "Wamu didn't have the cash to write down their loans". They did have the cash and they also had other means to help with the liquidity crisis.

[cents2ks]

I disagree, wmb was stolen to prop up and prevent a "real" run on JPMC. WMB had the money to survive that's why the feds gave it to JPMC...