Mr Cooper Group Inc fka COOP

[SamuraiProgrammer]

To answer your questions...

Why was commons ALLOWED TO SURVIVE?

Because the preferred classes needed commons support to survive as well. Dig back through the forums (and I mean WAYYYY back) to the time with POR6 was being forged.

There were accusations of insider trading that the judge called 'colorable'. (I take that to mean 'probably provable'.)

With the 75/25 split, everyone makes out handsomely.

Some make out more handsomely than others.

Let me turn your statement back on you.... give me 25% of your paycheck -- everyone will make out handsomely.

I am not going to get into an argument about what is fair.

I will say this... The real victims are the pre BK holders of WMI. Yes, 125 sounds good but is it really? Think about where that stock would be now if WAMU had not been ATTACKED by the East Coast Banking Cartel with the support of FDIC. Then add 12 or 13 years of dividends. Then tell me if it is fair.

It is true that I, personally, should not complain about my profits as I am a post BK purchaser. At the same time, I don't see any reason to give 75% of my commons values away WHEN THERE IS NO (AND I MEAN NO) INDICATION THAT THE POR AFFECTS BK REMOTE ASSETS.