Mr Cooper Group Inc (COOP)

[Bluzie2]

Johnny - sorry for the misimpression. I don't advocate calling her back, or frankly, any further communication with her. Not because calling would have any effect - she would just not respond to the question. I spend a decent amount of my time dealing with regulatory agencies, and I certainly agree that it makes no sense to harass a nice person who is simply doing their job.

I'm simply speculating whether the WMB resolution will resolve all the questions around the returns to the bankruptcy estate. I don't have that answer. Some have speculated that the receivership will result in returns of a few million dollars - others billions. But the ABS assets and assets seized from entities outside of WMB (if any) should not fall within the receivership. So why would they be accounted for by it? I guess the FTC could say "oops - here are other assets we seized that we shouldn't have, and here's a public accounting of them." Having dealt with administrative agencies, I haven't seen many instances of them fessing up to that kind of thing.

I'm speculating here, but I'd suspect that IF there are significant non-WMB assets, they would get quietly turned over. Of course, publicly, any sort of "true up" required under the PAA would be publicly disclosed, of course.