Mr Cooper Group Inc (COOP)

[tcr7309]

bear, I guess my prose was not clear. In bk law, the lawyers for the bk'd company/bod are only out for one thing, to keep the bod out of trouble/jail and to fill the deep pockets with as much money as possible. Who are the deep pockets, in wamu's case it's the creditors, primarily the bond holders, the hedge funds who bought distressed debt for pennies on the dollar and in this case jpm and fdick, yes fdick had all the power in this bk and they gave it all to jpm, why, because they are clueless bureaucrats and as long as the wamu bk did not cost the government any money that is all they cared about.

Now, how about the shareholder law firm, well, the first one did a great job in getting an equity committee formed and they knew they would be paid by the courts, that is the only reason they took the case, they knew they would get paid. Same with sussman, but a little different scenario in my opinion. I think sussman did as much as they thought they could and basically moved on. The next battle, the clawback, the lawsuits against jpm and fdick were way over their head. Not only that they would not get paid a dime to represent share holders in those endeavors. Why, the court would never approve a ton of creditors money going to a long shot law suit and by the way, logically, the judge by giving wmih to share holders in her opinion was good enough for share holders. Why, because all the judges are pre-programmed to care less about share holders because they are last in the waterfall and rarely does any money trickle to them.

There are so many things I would like to get the truth about but never will. One that I was always curious about even though it is of little relevance is who paid Kirsten Grind off to not pursue her investigation and reporting. She got a huge retainer as hush money as i understand it to write the wamu story and a cush job at the WSJ. Do you see jpm behind it, I surely do, all imo