Mr Cooper Group Inc (COOP)

[BBANBOB]

And watch the 14bill be paid out of libor first, THEN trickle down happens.

I and many others have said for some time THERE IS NOT WAY WE GOT SHARES if the BONDS are not gonna be paid, it just doesn't work like that.
ALL must in time be paid or they broke every rule of the game giving P K TPS Commons shares in the reorg'd with OUT the bonds having some sort of side agreement, if not it would crash the bond market breaking priority of bonds over everything else.

Libor is a HUGE SMOKE SCREEN for this to fly under the radar ........................................... Once bonds are paid imho we then are next.

For WAMU to get anywhere near 50-80 bill the fdick would have to get the full 400bill and I don't see anyway in HELL that happens no way no how. I'll suggest the entire settlement comes to about 80-150 and then we get whatever part we get of it MAYBE 25% but bit gonna see anywhere near 80 to 100 bil.
ALSO remember the CO COOP gets 2.5% of any money that comes back here.
So let's say 20 bill come back here based on the 80 bill and Wamu gets 25% then COOP gets 500,000,000 divided in a per share basis to THE COMPANY OF COOP it would get $6.94 per share back in cash..........and the balance would then go to equity yes EQUITY both prefrd and common """EQUITY""" at the 75/25% pay out matrix.

ALL imho