Mr Cooper Group Inc (COOP)

[jerrylev]

Of course in a bankruptcy or seizure, everybody lost. But the bondholders do not have more rights than TPS, and the FDIC has retained some assets to try to pay the bondholders partially, while TPS went to WMILT which supposes to have zero left on the table.

The bondholders have zero exchange event clause prior to the seizure and the FDIC has zero obligation toward them.

Things just don't add up.