Mr Cooper Group Inc (COOP)

[lodas]

killinger should have taken the 8 dollars per share as that was the best offer he could get at the time...actually, had Killinger taken the money an folded WAMU into JPM, the old shareholders would have suffered no losses as the capitalization of both banks would have gone off the charts... as it was, JPM got WAMU for free by killinger not accepting the 8 dollars per share offer... Killinger was in no position to barter as he was on the ropes and the FDIC was starting to breath down his neck... if Killinger would have accepted the 8 dollars per share, you would have suffered no loss in value for your positions...as it was, WMI cancelled the preferred interest when they were converted to equity, and abandoned.... Lodas