Mr Cooper Group Inc (COOP)

[JohnnyWinter]

These are the same bondholders that people keep saying don't have a right to intervene here or in the DC case, yet magically they were granted the right to intervene.


The FACT is that when more is paid for the bank(s), the bank bondholders/noteholders get paid FIRST before WMI even sees 1 penny as the shareholder of WMB.

I don't put too much weight on their presence in the bk proceedings, but there is no doubt that when THJRC in DC orders that more be paid for the banks, WMB bond/noteholders are at the front of the line.


Also, I suggest you read this post by the resident lawyer.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43553828