Mr Cooper Group Inc (COOP)

[Large Green]

Rosie's filing! Working with court alone?

We all know what the court told Rosie to do. Take mediation serious; cure what fails a confirmable plan with all parties and to get an agreement that can be confirmed to the court. Just as Walrath gave the middle finger to SCOTUS, so has Rosie given the middle finger to the bankruptcy court with his and the Horsies stubborn refusal to even remotely listen to the court. Unfortunately, this court has a very bad reputation of getting items on the record so it looks good and then moves ahead doing very little and yes, I know the plans have turned down twice, barely. To file what Rosie has filed is akin to being in contempt of court and he could care less, so obviously he knows something more that anybody else.

There is no way with what Susman has shown the Global Settlement should remain intact, to the contrary many of these people should be facing serious charges outside of the Horsies. I have seen these actions several times with this court (inaction-no follow through) but this time with Rosie’s filing we will see if he really has been working directly with this Judge independently behind the scenes. I hope and pray for our system this has not been the truth but we will know much more when Walrath responds to Rosie’s filing and her response should be very tart.