Mr Cooper Group Inc (COOP)

[marayatano]

Fasshon, i like you.

That said, it is called "disallowance of claims". HF's "claim" is approx. $2.5 billion. HF only really used approx. a couple hundred million to purchase that $2.5 billion claim.

The real actual loss is a couple hundred million by HF, but the value is $2.5 billion.

Let's say EC prevailed in the IT allegations and got $2.5 billion.

Now let's use your pension fund analogy:


HF used pension money to buy WMI securities. HF lost the money either by the PPS crashing or IT. The HF lost the money.

Now, if HF lost it because the PPS fell, then to bad for pension fund.

If HF lost it because of disallowance of claim, then it is up to the HF to use the pension fund money because that is what was used to purchase the WMI securities. Now that puts the HF up for liability because it was the HF's RESPONSIBILITY for their illegal act. What the HF will do is front up the money, that is why I say that a judgment is executable and HF have their own assets. The judgment is collectable in full because it was an illegal act performed by the INDIVIDUAL, i.e. HF.

You can ask anyone in the legal field if I am correct.



IMO