Mr Cooper Group Inc (COOP)

[thepennyguy]

I perosnally don't agree> I dont think P'S, K'S and H's or commons for that matter will get full value. My expecations are a global settlement that includes all classes at a fraction of face value. That's why it's a settlement! Bondholders and creditors are pushing hard at this, although the flipside is that they accumulate intrest the longer this draws out.
If a settlement is not reached before SJ, there won;t be one. Wamu team will take this all the way and expose JPM/FDIC every step of the way. 3 times damage at that point...not in a settlement deal. A settlement is just that makes everything go away quitely and satisfies all parties invloved.

I dont want responses claiming commons won't get paid unless P's get full value. The propectus claims p's will be treated as perffered equity that they are and similar treatment to K's. there is no full value guarantee as some claim. No protection.
Anyone that claims that please send me a link, I have yet to confirm that P's cannot be converted to commons other than jiberish. (yes, my claim is not based on backed information either) so as I see it, it still stands. Anything can happen. I don't put all my eggs in one basket. But thats just me.
GLTA. (ps no agenda your freaks, just the facts)