Mr Cooper Group Inc (COOP)

[thelimeyone]

Consider this:

If you have read any of the depositions of A&M concerning their caretakership of the Co (as arranged by WMI BOD), you will see they are absolute dynamite & clearly expose AM/BOD as not acting in the interests of the Estate (in fact the complete opposite). That is a major can of worms with criminal repurcussions. SG pushed this at the confirmation hearings which should have resulted in the whole GSA/POR smoke & mirrors thing to completely unravel. Unfortunately for us we did not know that JMW was captured in part & blew it all off with the ridiculous "fair & reasonable" assesment that was entirely beyond her mandate.

What to do?, what to do?. At this point it became obvious to SG that they had to acheive getting rid of WGM/BOD & getting control another way by bypassing MJW but how to do it, as still in bankruptcy?. Fortunately for us we got Nate Thoma who provided the solution & thankful here that MJW was not completely captured(only to JPM/FDIC) & allowed that discovery to go through. That in turn got the serious attention of the HF's who although publicly put up a brave face, postulating innocence, & got downright nasty with NT the reality was quite different. It was all bluff.

All it took was one deposition for them to completely capitulate. Once they saw how up the creek they were with that first deposition they caved in completely. It was not the IT per se but the criminal liability once it goes on record under deposition. This is why we will never see it, it too was dynamite (IMO). It also shows how brazen they were by trying to bluff it out to the point of one of them putting themselves at risk of criminal prosecution.

The up shot of that is we got the HF's as allies who fell over themselves to give us what we wanted, i.e. control of the Co once we are out of bankruptcy & the goods on WGM/AM/BOD (reluctantly now not standing in our way & fully aware it is now out in the open via public leak/announcement). That first "control" leak was very deliberately planned.

The threat of criminal prosecution against WMI BOD/A&M in turn gives us the dope on the collusion of JPM with those same parties (ref: the 180 turn of WGM/BOD in 2009 giving it all away). This in turn brings JPM to the negotiating table, who in turn throw the FDIC under the bus & there you have it.
However if JPM/FDIC are stupid enough to not join in (and we will know that very shortly), as soon as we are out of bankruptcy we will proceed with litigation (hence the pre-arranged addition to the EC). Now anyone who believes that JPM/FDIC would actually go through with a trial needs to bang their heads against a wall several times to knock some sense into them. NOT going to happen. Existing & further discovery will open both to ever more serious jail time. Not to mention x3 RICO. Once in court that's it, jail guaranteed. That potato is way too hot to risk juggling around. It might get as far as SG filing the papers but there would be a rapid settlement out of court.

We have an excellent chance though that both see the writing on the wall & are in fact negotiating now. No matter we acheive our goal either way, now or shortly thereafter. What some here fail to realize is the very fact that the FDIC corruption (politically motivated) cannot ever come out in public actually ensures we get their cooperation.
In that sense we will not get justice, but be assured we will be amply compensated.

One final problem, how is all this acheivable without criminal prosecutions?. Well none of the parties want it, including EC, unless & only if they don't give us what we want. The cover story will be the old tried & true "incompetence" defence. This will work in the public domain but not the Criminal Courts, another reason why this will never go to court.


Conclusion: We are golden. Hold those shares tight for the end result.

All the above IMO only.

tlo.