Mr Cooper Group Inc fka COOP

[Wamook]

ClimberProff,

I've been telling people this since last november. People have already made millions by understanding this simple point. Preferred shares get paid first. Common shares get paid last if and only if the preferred shares get paid in full. That's the contract.

It could take years to work through all the court cases.

Hell! We could stay on the war path for decades and force the congress to admit that what happened was pure crisis profiteering in the end. They could hit this company with a punative windfall tax and set up a government agency to help us out.

We don't have to ever say die..

But on the near horizon, those numbers don't lie. The commons are very much below water. The EC is a BIG mouth to feed that might scuttle chances for them to settle this with JPM/FDIC.

The EC was appointed by the trustee on the evidence that there might be something left for some of the equity holders. But that could mean the first in line series of preferred shares only for all we really know now.