Mr Cooper Group Inc (COOP)

[tcr7309]

you are comparing apples and oranges. As part of the bid that jpm submitted the text clearly shows that a "premium" is the dollar value above zero that an acquirer of an asset is willing to give to the fdick for that asset. Do you not understand that in most instances assets that are seized by fdick or whomever and turned over to fdick have very little value and most times liabilities are greater than assets. My thought based on my understanding and reading between the lines is that in a fdick bid dock par is zero. Please don't throw another definition at me, because I know from a generalist perspective what par means. Do you not also understand that fdick had the right to accept any dollar amount that they wanted.

Wamu holding tried to sue fdick for undervaluing the banking assets that were turned over to jpm for I think 13 billion, corrections welcome. Where did that get the holding company, I think they got the 4 billion back that was easily traceable but nothing else of substance. Then por7 hit and that gave the holding company the nols.

When we, ie, escrows have no control we are sitting ducks. Do you think the only reason I post is to defend a position to posters on a message board. Not! I AM HOPING THAT SOME HOW SOME WAY A BLACK SWAN HAPPENS AND A LAWSUIT IS FILED AGAINST FDICK AND JPM WITH A SMOKING GUN THAT SHOWS THAT THERE WAS FRAUD IN THE SALE OF WAMU TO JPM. AS EVERY DAY PASSES THAT IS BECOME MORE UNLIKELY.

I know many of you that have done such good dd think right is might but in the world of bks, seizures, etc.. it's the power players that almost always win, and when you have your own representation, ie, rosen, trying to screw you, how do you have a prayer.

Since I am on a rant, I am also losing faith in wmih as an investment. They have an unbelievable opportunity with 6 billion nols and they are sitting on their hands, why? With the latest fups by kkr, I am starting to get worried the fix is in again and kkr is going to screw wmih share holders for themselves and the insiders.

all imo