Mr Cooper Group Inc (COOP)

[hotmeat]

If we get nothing it will not be the result of assets being recently stolen, it's because there was never anything in the first place. By this I mean the Debtors weren't lying when they stated all along "nothing is left" which means WMI didn't own these assets or they were not gone after by the Debtors. IMO, it was the latter where due to so many conflicts of interest the Debtors allowed value to be lost to JPM and the FDIC in order to reach a settlement. I could be wrong but I honestly don't believe I am and won't until we finally see any credible evidence proving otherwise.


NOTE: The 75/25 issue keeps being discussed simply because one side's position is so nonsensical it's very difficult for others to accept. After all these years no one claiming Absolute Priority can explain how it can be applied when the relevant documents outlining such rights have all been rendered void and not applicable.