Mr Cooper Group Inc (COOP)

[xoom]

Pick, if you throw a party, and allocate 20 cups of lemonade for the kids and 80 cups for the grown ups, you need to tell the kids ‘no more lemonade’ when the 20 cups are consumed by the kids, even though the remaining 80 cups could still be distributed to the grown ups. The LT only talks about what was allocated for distributions within the BK.
And don’t forget this :
WMI/DST’s claim as a ‘secured creditor’.
WMI/DST already received/collected from the receivership as a ‘Secured Creditor’ ( as clearly stated in the WMB abandonment letter) to the tune of at least $ 271.2 Billion + whatever premium FSB fetched, as JPM bought, yes bought, 100% of the WMB FSB stock from the FDIC receivership yes ‘R’ , and not the "stated" book value of WMB FSB.
And we are not even counting the BK remote MBS assets !!!