Mr Cooper Group Inc (COOP)

[W3Research]

That other WMIH - WMILT Board has been rather active today and last week etc.

http://finance.yahoo.com/mb/forumview/?&v=m&bn=e4f35af6-c762-3ab2-a071-1fb6ae6c7fd5

Reply to Docket: #0169 - WMILT vs FDIC by newflowlogic •Apr 23, 2015 7:34 PM
inportlandd • 1 hour 34 minutes ago
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I always believed that they=Wmih and the LT were waiting for something and it wasn't getting financing lined up. I posted this idea on the smart board and some posters tried to act like if I had any experience with big financing deals it takes a long time--Baloney-and certainly not 3 years-I was fairly close with the building of Esmark and we had no problem getting financing from Franklin Templeton to buy mills--until--until the bottom started to fall out in the summer of '08--Franklin wanted a quick sale to get out and Esmark was sold to the Russians=Severstal...Money is readily available today--We are waiting for all important claims to be dealt with and then watch out--This also has been drawn out because all our thoughts about JPM being in big trouble IMO were very true. It's taken this long for the derivative markets to work off their imbalances relative to jpm and for real estate to stabilize and come back...I don't expect any big fireworks at the meeting--but shortly afterward I expect things to start to pop..AZ has done exceptional legal review of our BK and the issues behind the abandonment of the APR--As he does, I believe these legal maneuvers by Susman were brilliant and most board poster laymen self anointed legal experts have got it wrong...This process of recovery was planned to the extreme and is about to unfold--We may be shocked at the amounts coming forth--Ilene to Susman during a court hearing years ago--Do you think equity will ever see anything--Susman-paraphrase--There's just too much money in here--we should be OK................/////////////// Less

Reply to Docket: #0169 - WMILT vs FDIC by newflowlogic •Apr 23, 2015 7:34 PM
newflowlogic • 5 hours ago
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This filing must have a great significance in the case, may be that was the reason why it was covered by 'GAO - United States Government Accountability Office',probably getting closer the end of the tunnel IMHO.

Reply to Docket: #0169 - WMILT vs FDIC by newflowlogic •Apr 23, 2015 7:34 PM
newflowlogic • 5 hours ago
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In August 2013, WMILT, pursuant to an order by the U.S. Bankruptcy Court for the District of Delaware, filed a declaratory judgment in the U.S. District Court for the Western District of Washington against FDIC, the Board of Governors of the Federal Reserve System (Federal Reserve), and 90 former employees who were also claimants in the bankruptcy proceeding. Certain employee claimants have asserted cross-claims against FDIC and the Federal Reserve, contending that the banking agencies are without authority to assert limits on payment from troubled institutions that are contingent on termination of a person’s employment over WMILT, because WMILT is a liquidating trust. After the case was transferred to the U.S. Bankruptcy Court for the District of Delaware in July 2014 and all pending motions terminated, most of the parties stipulated to withdraw the reference to the bankruptcy court. FDIC moved to dismiss the complaint on September 5, 2014. The proposed order to withdraw the reference and the briefing on the motion to dismiss remains pending.
GAO -- Report to Congressional Committees Less