Mr Cooper Group Inc (COOP)

[Chiron]

A MESSAGE FOR ALAN FISHMAN

(from the yahoo board)

26-Sep-08 12:16 am

Dear Allen,

I have been long with a substantial position with average price of $4.65. I watched each story unfold, and carefully digested all the information. The first significant chain of events occurred when you stepped in, Fannie/Freddie collapsed and Lehman went bankrupt. The stock went from $4.65 down to $1.50.

After reading your pre 3Q earnings report, I trusted your analysis because you emphasized the bank was well capitalized and sustain operation through 2010. You mentioned the bank was above the minimum standards for well capitalized banks. You even repeated yourself this week, with the same claims.

Mention of deposits leaving the bank were understandable, considering the unique circumstances, but nothing was mentioned about the possibility of the FDIC seizing all assets to common shareholders based on the severity of the situation. It sounds to me like you have mislead shareholders for the three weeks while you have been working and the SEC needs to analyze your PR statements a bit closer because you clearly have mislead me.

Had I been aware of the real situation and financial distress the company was in when you promised everything was fine, I would have thought twice about holding on. But I did, because the government bailout was right around the corner, and you continuously stated the banks capitalization and liquidity were healthy.

I am sure you are going to tarnish your career for this one, and will see to it that I get as many supporters as possible to help me.

Steve Germano