Mr Cooper Group Inc (COOP)

[tcr7309]

halvo, no I think susman sold out. you need to understand big law firms and how important their relationships are regarding getting big business.

Wamu Share holders are very fortunate. If not for one balzy young dude, I always forget his name, standing up in court and explaining to the judge that the hedgies were corrupt, and insiders, ie, colorable, share holders would have been completely crushed and gotten nothing.

So what susman did was get the former wamu share holders shares in a reorged wmih and 6 billion in nol's. The escrows are where you guys go over the deep end. Susman and no one else is going after 10s of billions, let alone 151 billion. Show me billable hours that susman has generated and the trustee has paid him in support of going after the big wamu holding company assets. You can't because susman is spending zero time on wamu. So who is representing you. Not susman, surely not rosen, surely not jpm, surely not the fdick. So, who is fighting for you to get what you think you deserve, No one.

Why, because the benefits to susman's lawfirm are zero, vs a future working relationship with jpm and maybe business being thrown susmans way by rosen. That is how the game is played. Believe me, susman would love to have his firm mentioned in the same breath as Weil Gotshal or kirkland Ellis, ect. they are the top of the top and susman firm is a nice little boutique with a good reputation, nothing more. But build that relationship with weil or jpm and have jpm throw a couple billion your way after all the dust settles.... Get my point, susman is done with us, ie, going after wamu holding company assets and has moved on.

I know for a fact that almost all big u.s. lawfirms have a billable working relationship with jpm and I know for a fact that unless there is a very good reason, not one top law firm wants to go against jpm to help the little guy. It's not worth it, the long term relationship with jpm is more important than assisting some former wamu dreamers and trying to make them rich.

so naive!.

all imo