Mr Cooper Group Inc fka COOP

[jerrylev]

Excellent link.

But it all depends on which part of WAMU it belonged to. It doesn't matter anymore whether it is fair or unfair but we have given the farm to JPM by signing release and allowing JPM to take the entire WMB for just 1.9B.

But at the same time, I don't believe that the EC and the hedge funds including Tupper back then, would have given up WAMU for nothing if they were aware about these assets and I am sure they were. So in POR 7, all we got is that the hedge funds agreed with us to share the Estate if we signed release. At the same time that they allowed us to share with them, they devise a 75/25 split for preferred vs common so that they can take the majority of the loot if we don't read the fine print and buy the correct stock.

That put aside, we all share the same loot with the hedge funds and it is hard for me to believe that they can let go 30B in exchange for a silly release which they can easily fight at the court and we would not be able to fight back. Remember that the HF also have to sign release to JPM and the FDIC in order to receive Escrow markers, just like us.