Mr Cooper Group Inc (COOP)

[newflow]

Dimple..

There was equity of around $30 - $40 Billion at WMB level at the time of the seizure for which WMI was the equity holder.

WMB net asset valued by a professor was around $70 Billion.(probably way more).

FDIC has the fiduciary duty to maximize the asset value and distribute to the creditors of WMB and then to shareholder(s) of WMB which was WMI.

P&A should take care of that,we dont know the numbers.

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WMI assets were conveyed to JPM pursuant to GSA and 363 sale, saying that some of those assets would be taken care by P&A.

P&A continues as long as those thieves of WMI's shareholders assets are free and growing.

I sometimes wonder all these greedy sophisticated men and woman,knowing how the process of BK work,behind the doors, could you believe how much they must have made already and still waiting?.

They pulled their buddies such as GS Citi KKR..etc into this to maneuver WMIH,keep old equity below the rock bottom price of WAMUQ and continue the show.

They all live and work closely on Wallstreet and probably talk everyday on the estates money.

In P&A $1.88B paid was shown as "Initial Payment", so you can draw your own conclusion.

My first and last hope is EC and S&G.They steered the ch11 case in a different direction originally planned by WG,AM,JPM,FDIC...list goes on.

I strongly believe that Judge Walrath helped us to stay in the equation like get in there and figure out,LOL.

Litigation Subcommittee was allocated $20 mm for pursuing certain claims, EC hired somebody for that and they had the power to allow or reject or retain LTIs in the DCR.LT has no control over TAB once the CC claims are resolved.That is where we are now.

Long message, imho.