Mr Cooper Group Inc (COOP)

[jerrylev]

"bankruptcy remote" simply means protection right at the time of bankruptcy, to protect an asset from creditors. After it is protected then it is returned to the Estate and then handled just like any other assets and in WAMU case, they will be liquidated and returned only to those who signed release. If a shareholder has not signed release or didn't buy enough of the old WAMU stocks then tough luck.

I think that all these theories, S4V and bankruptcy remote, are born from people who now realize that the proceed will be divided 75/25 til the end between preferred and common.

Well it is too late now to change things. The only recourse you can do is to buy a lot of WMIH shares. And it is based on COOP having a great business plan but there is nothing to do with old WAMU assets.