Mr Cooper Group Inc fka COOP

[contrarian bull]

I disagree when you say there is no reason on God's Green Earth for those assets to find their way to us escrow holders.

If you were a money manager and you suddenly found you had a few billion dollars in assets that you didn't really pay full price for, that nobody had any record of, and knew that there were a bunch of former WMI share holders who have been dreaming for a decade that a big windfall would eventually come their way - wouldn't you immediately give those billions to those hopeful investors? It's the kind thing to do.

I think any money manager would be happy to give away $Billions to a bunch of strangers rather than keep it for themselves, or rather than giving it to their own investors.

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The reason people are so confused is because they do not understand the meaning or purpose of the terms bankruptcy remote or safe harbor. They believe that such assets are outside the jurisdiction of the bankruptcy court and therefore not subject to the terms of the POR. But they had better think about that position long and hard. Because if those assets are not subject to the POR, there is no reason on God's Green Earth for those assets to find their way to escrow holders. None.