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Author: anuvaka Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2676  
Subject: Re: WAMUQ Date: 11/6/2008 1:39 AM
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Do you still own shares? Are you going to keep them?

While what the site says bears more than a grain of truth, I really doubt WM or WAMUQ will be worth anything unless you are willing to wait about 3 years for all the lawsuits to be settled.
Since it is a penny stock now and in legal proceeding there is a huge risk involved. Common share holders are paid last, if at all. TPG has a large enough loss to eat up any remaining assets, they would get something before the bond holders.

I retained my Fannie Mae shares, but they are @ $1.05/sh. I will wait until next year to declare a tax loss, or if they become viable, keep them.

Yes, I agree something funny happened, which does not mean a shareholder will recover anything.

jC
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