Mr Cooper Group Inc (COOP)

[ptolomeo]

There is another issue that concerns me (being talked on the Y! forums)

What if JPM settles with TPS outside of the Chapter 11 proceedings?

They would be simply assumed by JPM and everything remains the same.

Prefs (equity) being out of the money by 500 million (or 100, or whatever)

Unless we can get with a positive valuation of assets, we could be at the same position no matter what TPS does.