Mr Cooper Group Inc (COOP)

[tcr7309]

bk, great post, I just can't wrap my head around those escrow holders that think that jpm and fdick are going to hand over billion in assets to escrow holders. I wish I was wrong since I hold escrows but it ain't going to happen.

No lawsuits filed on escrows behalf claiming billions in damages, no real documents stating the holding company had billions in assets that were stolen or mistakenly conveyed to others. Nada.

Do I believe the holding company had assets that were clearly theirs, YES, but whatever the value of those assets they are long gone, sliced, diced, laundered by the powers to be, most likely jpm and fdick. Fdick is who screwed escrows, they were so out of control in that time period that they could have cared less with what happened to any assets from anyone as long as they did not end up holding the bag and that is what happened. They touted over and over how not one penny of tax payer money was lost.

So for them now to say they have 10s of billions that they are going to turn over to escrows is ludicrous. I feel most sorry for the dreamers that actually thought they would see a huge escrow payout.

Early on I thought there was going to be a huge lawsuit filed on behalf of escrows with the smoking gun. I thought a law firm would have the balz to go against jpm and fdick but now it's game over. Not one law firm thought the case against jpm and fdick was worth their time and effort. Sad but so true.

My money is on wmih in a big way, and now I am a bit concerned about that as well, not because nothing has happened so far but because of the sec fine against kkr. Good news, that investment has given nice returns and if wmih retreats to 2.15 I am taking my profit and running but I still believe wmih has huge upside.

2 things need to happen and I am all in with wmih.

1. Move to a real exchange
2. M&A with a spelled out game plan, like real companies do.

I am banking on the bod and others not to sell share holders down the river but I am not a positive as I was before, unfortunately.

all imo