Mr Cooper Group Inc (COOP)

[es1]

Phin so you are saying that A&M is being paid $2m a year but they are managing $0 worth of assets?

Wouldn't that be fraud?

I would think that at some point in the future you will be proven right or wrong.
Assuming you are right when the facts come out and we are all told that you were right and A&M has been managing nothing don't you think there would be a line of lawyers filing for A&M to return their fraudulent gains as well as to file criminal fraud against the people giving them shareholders money for nothing?

I agree that there are not hundreds of billions in assets but they must have something to be paid to manage it.

So forget the billions vs 0 argument for a second and tell me what you think could possibly justify paying A&M that money.

What DO they have? They must have something right?