Mr Cooper Group Inc (COOP)

[jackfburns]

In my earlier messages, I assigned a 20% chance that Walrath would approve the POR. (While she didn't outright approve it, she said it's approveable pending modifications.) I said the only way that would happen were if she were incompetent or corrupt - I still don't know which it is (perhaps both?)

So glad to see the EC come out swinging on the issue that the debtors provided no analysis of the likelihood of success of the claims. The bid-rigging and failure to get liquidation value claims are MASSIVE. To blow those off the way she did is reprehensible, and (should be) rectified by an appellate court.

Today's hearing will be interesting.

-Jack