Mr Cooper Group Inc (COOP)

[WithCatz]

hestheman, my opinion is that - as you recapped - that the Examiner's report would not be the end, but a beginning.

What I am attempting to infer by that, is that the Examiner would likely, to me, identify 'colorable' items -- read some comparison Examiner's reports -- both theirs and other Examiner's.

'Colorable' and 'close calls', etc are common with an Examiner's report.

{For those not familiar with the legal term 'colorable' read this - http://www.merriam-webster.com/dictionary/colorable -- definition #1}

Nothing the Examiner says is binding on anyone. It certainly gives THJMW a 'factual' basis to make her judgements on.

But even if the Examiner says, let's take this as a hypothetical, "The Tax Group of WMB remains with WMI as they still own the stock of WMB, and therefore, all refunds are 'colorable' as asset of the WMI estate"...

#1 That is not a ruling
#2 This still has to be argued, motioned, etc
#3 Doesn't prevent the Estate WMI/Rosen/Debtors from giving them away anyway to make a 'settlement'

That's what I mean by a 'beginning'...

Of course, the Examiner could prove to be the proverbial 'straw in the camels back' that tipps FDIC, JPM, etc to 'settle' -- or not.

But, one of the key things that the Examiner got was 'work product', and that is huge, to me.


...Catz