Mr Cooper Group Inc fka COOP

[climberprof]

brembo

I agree. However, at the time when TPG put $7B into WaMu, it would be strange that if they did not put any kind of guarantees/checks in case of what happens to their investments if WaMu was seized or go to BK.

I do not know "for sure" if they did this or not. After all they wanted to convert their preffereds to commons and they should know better that if the company goes to BK commons are the last one in line.

Then, one can argue that IFF TPG did not put any checks/guarantees into their $7B investment agreements with WMI, then they should be well satisfied neither of those above cases will happen at all.

Well, I wish we know the details of that agreement.

My ONLY fear on this stock is that IFF there is any kind of an agreement, signed before BK, with TPG and WMI which allows TPG to be compensated of their loss without compensating the commons. We just do not know. And I hope there is no agreemnt such that.


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