Mr Cooper Group Inc (COOP)

[JohnnyWinter]

"In any event, it appears the savings bank was worth billions. So whether it was owned or not by the holding company, the holding company is still entitled to damages in the amount of the fair liquidated value of the savings bank. If owned by the seized bank, the bank bondholders get paid with remainder to the holding company. "

Thank you for saying that, and I agree 100%. Too many people fail to realize that if more is paid for the BANK, the BANK CREDITORS WILL GET PAID. I personally feel, however, that there is no way that the DC court will appraise the value of the bank at more than $15 billion, which would not benefit WMI as a shareholder of WMB.

"The argument about the savings bank not being in receivership is important, because the fdic has only statutory authority under paragraph 9.5 of the P and A over deposits sold through the receivership. 85% of the money in the summary judgment was in the name of the holding company at the savings bank...so the fdic has no power over it. Those deposits were outside the receivership. Neither does JPM."

imo, the $4 billion does nothing for the shareholders which is why I don't laugh when one can purchase shares at .121.

The NOLs and tax refunds are not a slam-dunk case for WMI, imo, and the tax-sharing agreement isn't as powerful as some people think. If the losses were generated by WMB, they will go to WMB.

"With the deposit and the tax refunds, commons are in the money !!!"

The #s don't support that statement. With the deposit and the tax refunds the preferreds could be considered in the money, but not the commons, and therefore, everything else is not gravy imo.