Mr Cooper Group Inc (COOP)

[fsshon]

I was reading the P&A. I noticed something very interesting and should be discussed. In the arrangements for all the assets. It lists "book value" as price JPM should be paying for the assets. I have a feeling the FDIC is going to hold to account for that or THJMW is going to make surer it is ruled upon. She has said, she has the jurisdiction determine what is property of the estate. WMI should not have lost everything they lost. WMI had 100's of subs and the FDIC took all of it, like they unlawfully seized a "holding company" which legally they can not do. This is why I think Senator Cantwell is preparing to call for a
"full investigation" into the action the OTS/FDIC took.

I was trying to explain this scenario to my wife.

It is like this.
I own a TV Entertainment Center. I finance through a company. I forget or can not make the payments. A guy comes to house to repossess the system and instead of just taking the TV and stereo, he backs up a semi and empties my house with a huge crew of guys and empties my home. Tells me if I want my stuff back, I have to file a claim with the loan company.

I spend the next year trying to get my belongings back. I mean they took my appliances, especially my dishwasher. Now I have to fight in court to get all the belongings they illegally took through the "strong arm" tactics of the thugs who showed up.

There's a scenario for you. They should have only taken the TV stereo/set, but emptied my house and I have to ask a Judge for my stuff back.

WMI is doing just that, they are requesting THJMW determine what is theirs and how much it was worth at time of seizure. Give it back w/ interest to the estate or pay the book value as the P&A states.

~fish~