Mr Cooper Group Inc (COOP)

[lodas]

Pick....your assessment is correct, and is substantiated by the WMIH 2013 10-K, which states WMH was worth a mere 76 million dollars if sold at the time of chapter 11 exiting... they also state that about 34.1 million dollars was held in Trust by WMMRC....I have read the important documents , the POR amended 7, chapter 11 closing document, the GSA, and the FAQ commentary put out by the WMIL-T.....nowhere, in any documents does post chapter 11 payments appear... as for the 20.7 billion dollars in shareholders retained earnings, the GSA documents say WMI cancelled and extinguished all equity and preferred shares in return for 5.8 billions in NOLS, thus squashing any chance for shareholders recovery post chapter 11....as for closure of the FDIC, it is non sequitur to any payouts to equity shareholders... the FDIC is carrying a 14.6 billion dollar deficit, and any monetary recovery would go to bond Holders first...LIBOR settlements will go to fund the receivership...also, Rosen stated in court that WMI held no Safe Harbor or off balance sheet trusts, other than the WMIL-T....did he lie?... the statement was made in court in front of the judge who would have challenged him on a lie... she did not...Lodas