Replies to post #39020 on Washington Mutual Preferred fka WAMPQ

[clawmann]

Me. Actually, I think 90-10 would be better, but I doubt the judge will go there. I do think she is going to look long and hard at the proposed 70-13 split and will ask: "So what is the justification for the EC to make such a substantial deviation from APR? The EC represents both the commons and the preferreds, so it is not like an independent lawyer representing only the preferreds has agreed to this." This is where I think we have to rely on the lawyers for TPS to raise the issue.

[marayatano]

90/10 split (my opinion), however, we (TPS/P&K/Commons/Judge) may meet in the middle at 80/20, however, we will see how convincing TPS's objection is (assuming they are going to be objecting). I just don't see how P&K/TPS can be more prejudiced while commons got a "great deal" out of this settlement.

imo of course.

[vics picks]

I have already stated 5 to 10 % would have been OK with me, not the 30% ripoff.