Mr Cooper Group Inc (COOP)

[jerrylev]

JWW, I don't think we can count much on the FDIC as they just retain enough to pay the bondholders.

However, the trust was liquidating something in the last 7 years and counting money. It just cannot do nothing while charging us. How can the HF who owns the same escrow as us allowed this? At the very least, there are 100M which the court and the trust can give to us if they shut down immediately in 2012.

Anyway, the returned money is not going to be huge, perhaps a few billions, but not hundreds of billions. This is commensurate with the legal fees that were spent, i.e. spent 100M to recover let say 4B. The underwriters cannot ask to be in class 19 to get nothing. But at the same time, it only requires a few billions to escrow to pay the underwrites 72M (or 90M).