Mr Cooper Group Inc (COOP)

[dannoninvest]

Debts are to be paid overtime. Shareholders can be paid before debts. The lawsuits wamu is in, will by far outweigh every debt owed and then some. Jpm and the FDIC will owe wamu billions over wamus debt and what it costs to pay all shareholders. WAMUs legal expenses should be considered lunch money (even though it is tens of millions of dollars). If wamu was not illegally seized, then people could say that commons might not get paid or any other class of stock for that matter. I doubt that wamu will come back as wamu again or anything else. I think they will sell off to another company, considering they were attempting to do that before. Only if JPM doesnt agree to buy Wamu for fair market plus all the other expenses JPM will incur as a result of this wrongdoing. It is possible with the figures thrown around that this could settle for about $28 billion from the figures thrown out. $13 billion against the FDIC and so forth. That is without damages, and that is just "fair market value" early estimate. Wouldnt that get the common share holder $12 plus all day long at minimum?