Mr Cooper Group Inc fka COOP

[jerrylev]

So let say that WMILT put out a sale auction for WAMU assets and WMIH submits the highest bid and get it then they will have the asset and it is perfectly legal (although it makes no business sense for WMIH).

Now if the trust sells its assets cheap to WMIH then this is illegal.

If I am an escrow owner, I expect the trust to sell at the highest price to whoever, WMIH or JPM or BoA, K-Mart, Mc Donald's, I don't care.

If I am an escrow owner and I own XYZ escrow markers and no WMIH shares, and person B has XYZ markers snd 1M WMIH shares, I expect to receive the same amount of money as person B (for the escrow part).

If person C has no escrow marker but has 100M of WMIH shares, I expect person C to receive Zero benefit from escrow.

The court has never said that if one owns escrow markers and also a lot of WMIH shares the he/she will have more benefits from escrow.