Mr Cooper Group Inc (COOP)

[marayatano]

I concur 100%. To ignore the facts and brush off risk is foolish. We all stay informed because issues are brought up and discussed so we all can make better informed decisions and lessen our risk in the market.

... in the end, no matter what, the majority will keep their "rose colored" classes on...

Example: No offense to DIMEq board, but if you didn't believe that Dimeq was Class 12, no one cared for your input if you had a different view. Most ignored the risk and had eyes solely set on Class 12. When the WAMUQ board spoke about DIMEq, they said it was Class 12 also, ONLY because DIMEq effects Commons' distribution/dilution and being in Class 12 meant WAMUQ would have gotten the entire proposed 30% rather than sharing with DIMEq. Had it been a straight waterfall scenario, WAMUQ board would have welcomed DIMEq to be diluted with WAMUQ if it meant DIMEq would not put $337 million ahead of WAMUQ.

No one (or few) on the WAMUQ board wants to listen to the POSSIBILITIES or different SCENARIOS, ie 70/30 split, etc., yet, people who will be nameless, were so pro-commons "baught" prefferds.

Some only want to see what they want to see to benefit their position and make themselves feel better.


There are a few exceptions that were open minded.


imo