Mr Cooper Group Inc (COOP)

[LuckyPanda]

My theory is this...

1) The receivership owes the bank bonds to the tune of $13B...but it doesnt have the money to pay for it.

2) It knows that there are assets (loan portfolio interests collecting for 17 years) in remote bk

3) The receivership is delaying closure with these bullshit Libor lawsuits ( that they will settle for nothing) with the aim of waiting for the release of the remote bankruptcy assets so that they can claw it back to pay off the $13B bank bonds

4) The remote bk trustee will not release the assets for that exact reason because they know the receivership is being kept open for clawback

5) So now either side is waiting to see how long the other side can delay...could be another few decades...who knows

6) We are stuck in the middle with no assurance of any time limit from either side.