Mr Cooper Group Inc (COOP)

[David West]

Lawrence 147 -

I stepped out as the hearing started and am still catching up on the posts. As far as I can tell, this was the kind of hearing that we want every hearing to be. Great! I just love it when a plan comes together. Assuming that WMB bondholders are still licking their wounds and trying to find FDIC and JPM to refile their claims, and assuming Solomon was confirmed, it was a great day for commons!

Throwing out the bonds is one of the paramount reasons that WMI BOD wanted the draft POR approved ASAP and wanted the EC to be disbanded. They would have waited until the POR was approved before they pursued denying claims. The more claims that are thrown out the more value for WMI and commons.

Next - true valuation by Solomon! You may yet realize your $24; maybe more! I think it will be because the market will trade up the value of the stock based upon the true valuation of WMI, as opposed to any settlement from JPM or FDIC though. IMO EOM