Mr Cooper Group Inc (COOP)

[lodas]

LG... WADR......Wamu was taken into receivership, and all assets were given to JPM.....JPM did not get fair value for these assets... the FDIC says there is a hole in WAMU balance sheet between the assets taken and the liabilities....WMI stock in WAMU was cancelled, thus shareholders equity was forfeited in return for NOLS.....Now, what estate is left that belongs to old shareholders?......there is none... the old shareholders got shares in the new company, sans any nexus to the old estate values, which were none.....WMI retained assets were bargained for in the GSA with SNH so as to effect the closure of the chapter 11, whereby all classes were made whole on their claims, except class 18 being impaired.....now again, what estate are you talking about...... there is no old shareholders estate.... Lodas