Mr Cooper Group Inc (COOP)

[ron_66271]

Flow, Don’t Waste Your Time on Plan 7 LT.

Retained Earnings and WMI Non-Debtor Subs have nothing to do with the Plan 7 LT, and also have nothing to do with the FDIC or JPM.

Kosturos and Smith reactivated the Subs last year, so that means both are still around running the businesses. The Subs were deactivated in Plan 6, and Plan 7 didn’t change the status. Kosturos as a successful restructuring agent can do some creative things with those Subs.

Retained Earnings are in Treasury Notes. Ten Year Notes should be maturing anytime now.

Please see the post that I responded to.


Ron