Replies to post #30206 on Washington Mutual Preferred fka WAMPQ

[Chiron]

What are your thoughts on the modifications and their impact on preferred shares? Or will the modifications simply be crossing 'ts' and dotting 'i's and still wiping out equity?

[Lucullus]

That doesn't sound very confident! So you think prefs will only get a small recovery and commons will get nothing?

[dmceng]

mordicai

Good stuff as usual. You appear to be portraying JMW as one benevolent to the debtor. Why would that be her position? I assume that even in the BK arena she is supposed to be fair and reasonable as to the dispostion of the estate to ALL of the settling parties. As you have stated, if she follows your direction of activity, she would be deviating from her assigned duties. Does this appear to reflect the Judge's wishes,in your opinion?

TIA

Take Care
David

[daryl1688]

"It is one thing for it to be not introduced into evidence as hearsay, but she could still give his legal conclusions some weight to sway her on certain issues. "

Completly false..........