Mr Cooper Group Inc (COOP)

[bond-007]

I had talked to a friend that has been practicing law for over 30 years; he looked at your question and just flat told me its to complicated to give an answer off cuff lol. He agrees with me that the lawyers designed it this way...

"bond-007....this is my thinking on the subject of who owns the SH assets....when investors buy stock in a company, it is the capital which buys the assets to generate profits which, after expenses of operation, the company either invests the excess money, or declares a dividend to the shareholder...Now, having said that, how can a company buy assets, then set up another holding company to shield these assets in "safe harbor"? from bankruptcy.....that is all well and good, but whose assets are they anyway...it would be like you go in partnership with another, he takes the money, buys property, and puts it in his wife's name, and excludes you out of the assets...I don't think that is legal.....so, I believe that although, WAMU set up a holding company to shield assets from possible bankruptcy, those assets still belong to investors who bought WAMU stock... in no way can they exclude them from investors and say that the SH assets belong to Wmih, which is the successor to Wmi....I would like a corporate lawyer, if there is any on the message board to chime in...the question is.."is a holding company beholden to that which gave it assets to sequester in case of possible bankruptcy.? and, after bankruptcy proceedings are through, do these assets revert to the reorganized debtor sans the original purchaser of the assets to begin with..?? Lodas"