Replies to post #30360 on Washington Mutual Preferred fka WAMPQ

[joe513]

Why would the debtor even need to entertain settlement discussions? Nothing in her ruling remotely says they need to settle with equity. All they need to do is get with FDIC and JPMC and adjust the releases, change a little wording here and there and file version 7. She will quickly approve that and the liquidating trustee will start distributing assets. Done deal. Trading in all the equity classes will be a blood bath on Monday.

[dale45]

Time for a reality check....