Mr Cooper Group Inc fka COOP

[boarddork]

Yes! This is Chapter 11. This means there is supposed to be sausage in the cellar. Only certain assets are needed for liabilities haircuts. Debtor only required to put out just enough (as we’ve seen) in the kitty for re-org bills and ‘lawyer chow’. KMart wasn’t a Chapter 7 liquidation either....assets were there to retrieve. As we’ve all seen. WMI is no different.

It’s been kinda funny to watch the years of teeth gnashing by those who don’t get the difference between chapter 11 and 7 liquidation.