Mr Cooper Group Inc (COOP)

[fsshon]

Board as you talk about JPM you are not talking about the bank Chase, you are talking about the Holding Company. THJMW said "bank collapse" not holding company collapse. She is saying Chase could suffer form the reprecussions and therefore cause a "run on the bank" that could result in the FDIC having to take regulatory action and therefore the economy will be driven off a damn cliff again.

Keep that in mind..

FDIC took WMB. left the Holding Company (WMI) intact to fight the crime. You are shareholders in WMI, which has 100% ownership of WMB.

JPM has a subsidiary bank called Chase...Judge is talking about Chase..

Papering the deal is a stock swap of mathematical equations. I would expect 4:1 being 4 WAMUQ for 1 JPM. WAMPQ can be converted to commons, WAMKQ can not it would need to be cashed out. WAHUQ could be extended into a JPM security that could be created. Bonds are simply swapped for like bonds, because most bondholders only want the back interest and will appove a changeover.. Actual Creditors with "approved" claims may take paper or actual payout.. Many just want the back interest and assumption of debt because of the tax implications. Hedge Funds would want to be interest and new paper. Especially Appaloosa because of the tax implications of the last 2 years.

That is what I mean by Paper.. Alladin

~Don~