Mr Cooper Group Inc (COOP)

[fsshon]

I agree Catz, while other bankruptcies have involved the Debtors representing the best interests of the estate, this one has the Federal Government (i.e FDIC) trying to protect their actions and a very large powerful government bank (i.e JPM) trying to protect their actions and acquisition, so they both exerted pressure on the debtors (i.e Officers and Directors) to authorize a settlement that releases them from liability and retribution after the settlement has been implemented.

Most Debtors would never cave like these guys have, but this case invovles the Federal Government and its way of putting pressure on anyone who is working against it. The financial crisis was not handled well and the government is in CYA mode. This case is a classic example of CYA and who knows what back channels have been used to exert pressure. A&M in its capacity as a restructuring firm is not and I repeat not representing the best interests of the estates shareholders or equity interests, it is representing the best interests of the estates creditors (i.e waterfall stoppage/fulcrum to PIERS and Now WMB Senior Bonds) They should be villified as much as this board is villifying the judge. They are in charge of the estate....



~Don~