Replies to post #1922 on Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[Lawrence 147]

linda1;

So let me get this straight; you think a plan negotiated between the SNH the FDIC and JPM should be pushed through by the Debtors with immunity to the parties from prosecution should go through?
Lets see; the Fair and reasonable determination from the judge on the GSA stands but has been appealed. The case could be stopped in its tracks by filing a motion and the judge will end up looking like a fool giving this judgment to this plan. How on earth could anyone give a Fir and Reasonable to a plan negotiated by the very parties trading in its securities on Material Non Public Information?
I realize you are concerned with receiving less than the common shares but that is the chance you take when you purchase a security with a subrogation to a senior security. The one bright spot is many of the securities the H’s are subrogated to stand a better than average chance of being canceled; that would let you off the hook of paying their interest.