Mr Cooper Group Inc (COOP)

[marayatano]

There is NOT $20 billion to distribute. Now the gov't may think they can do that but not in the real world. the $20 B is is a deficit (accummulated losses from prior years).

If you have $1000 in your savings account and a $20 B deficit in your checking account, how much money do you have to buy xmas presents?

Answer: zero (I gave the answer because someone would surely argue $20 billion plus $1,000.

Or, $1,000 if the savings are in a different bank...avoids right of offset.

In my opinion, we will get a trust distribution of ZERO on April 16, 2012. Would you like to make a side bet on this?? Come on...I'd like to take advantage of you.....just joking on the last part.

LOL

I concur.

This (something similar) is/was actually discussed way back on the Board that I remember.

Only the veterans here may remember. I believe you were here at that time.

So to me, this is old stuff, just on a different document.

imo