Mr Cooper Group Inc (COOP)

[scrivenerserror]

Do not forget that the hedge funds were confronted with a "colorable" insider trading threat , which means death sentence , maybe , if there really is a cap on prefs , they didn't fight because they got a deal that would make them less but still a lot of money an at the same time make the insider trading threat go away .

Also jpm was the biggest shareholder in wamu in 2008 on day of seizure and , they would be actually be on the common share side and just happily pay themselfes more when and if prefs are capped .

We will see , in either scenario there is money to be made .