Replies to post #32172 on Washington Mutual Preferred fka WAMPQ

[fixedops]

People need to look at it this way. If preferreds even get a percentage of face,(thanks to the hedge insider trading) that means A>L and equity takes over right? Then equity can properly evaluate and maximize the estate and a way better chance for waterfall to reach commons. Right now its not about how much and who get what. Its about who controls WMI.

[omwamu]

A reason why the UST appointed three new members may be because Rosen possibly made such an offer or even 80% and Willingham refused because nothing got to commons. Willingham holds only commons. I AM NOT saying this is the case just a possibility how unlikely it may be.

[MasterBlastr]

Why is EC focused on commons ? Because one of their members owns commons ? Bad reasoning.

[knick]

As the saying goes "I'll take what I get" but I'm under the assumption that if preffereds get anything that proves A>L and equity takes over. But I'm not a BK lawyer and maybe misinformed. IMHO Deptors aren't going to give anything to any equity because we don't exist. Unless..........