Mr Cooper Group Inc (COOP)

[David West]

Lawrence 147 -

Keep your eye on the bouncing ball, better known as 'follow the money'.

If WMI did move large sums of money around before the bankruptcy, someone is likely to file the infamous 'Fraudulent Conveyance' charge against the debtors, which is generally how it is used in a BK case. It may be that it was a direct act to help defraud the WMB bondholders, which also means that WMI anticipated bankruptcy. A lot of the chatter since the hearing yesterday has referenced that this issue came up in court. This issue of 'Fraudulent Conveyance' and what the WMB bondholders are likely to do, is going to be massive unless the WMB bondholders can get there pint of blood elsewhere. The hornet's nest has been riled. Like commons, they do not care if anyone else gets paid as long as they do. May the saints (Walrath) protect us! IMO EOM