Mr Cooper Group Inc (COOP)

[martinib]

THEY CAN NOT CANCEL COMMONS! As far as my understanding about equity in the bankruptcy is they can't just simply wipe out common equity. And that is in the best interest of all parties involved (JPM, FDIC, WaMu) because they are all splitting tax refunds from NOLs. If they get rid off commons, it is a change in ownership and while under chapter 11 they'd have to give up all that money.