Mr Cooper Group Inc (COOP)

[rramirez82]

They certainly will.

Brembo and I were just reviewing the numbers. If there is $12B in debt and an additional $7.4B in preferred, then a conservative, book value settlement of $26B (which won't happen, I expect 2x book at the very minimum) would yield $6.6B to the commons - not including our current assets or the potential recovery of deposits and tax refunds under summary judgment.

There is NO way that settlement will not flow down to the commons. Moreover, after the equity committee is formed, TPG and our big institutional brothers will ensure that commons have a voice and are compensated.