Mr Cooper Group Inc (COOP)

[marayatano]

When you are a corporation and have your asset taken away from you, you have to "Reorganize" and divert money flow.

Wamu Holding filed Ch 11 Reorganization to restructure its self with the help of the Reorganization Officer recently hired.

Ch 11 puts an automatic stay as to all creditors while Wamu Holding reorganizes itself.

Ch 7 is for liquidation. Wamu Holding is only CH 11.

Any litigation coming from anywhere as to the loan practices will be against Wamu BANK since it was the one producing the mortgages and loaning money out. Wamu Holding is only at arms length and is a "HOLDING COMPANY". Hence the various assets or entities owned by Wamu Holding.

It will be up to the Judge to decide who is liable.

In my opinion, when you buy an entity, such as Wamu BANK, that produced and loaned money on mortgages, that entity is liable to any lawsuits arising from that action. Not only is Wamu BANK liable, the buyer/purchaser of that entity also BOUGHT THE LIABILITY including any FUTURE liability arising from said action.

Note: Unedited for spelling and grammar due to laziness. The above is my opinion and should construed as such.