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Replies to post #404038 on Mr Cooper Group Inc fka COOP
Rosie got out flanked and out matched and you know it.
Really? So you consider $7 billion to creditors in accordance with the GSA, with all of the releases, hundreds of millions of fees, still ongoing, getting "out flanked?" By who?
He said we weren't getting a dime but were got the reorganized company.
[color=]Frist, he did, and he said that the debtor didn't have the money. In the end, the debtor DID NOT GIVE THE REORGANIZED DEBTOR to equity. As a result of mediation, the reorganized debtor issued RUNOFF NOTES to pay the debtor (which became assets of the Liquidating Trust) equal to the amount of the Zellin valuation, sans NOLs. So Rosen, once again, and despite the heckles of the crowd, and to date, hasn't given a dollar to equity. Second, he $75M provided to the reorganized debtor DID NOT COME FROM THE DEBTOR. As a result of mediation, the settling noteholders ponied up the $75M to the reorganized debtor. The debtor, then the Liquidating Trust, was the agent to hold the money in and immediately out to WMIH. It was not an asset of the debtor's estates.[/color]
He wanted to release everyone but got outsmarted because FDIC-R is not released. We still have a claim against them.
This theory will only end when time runs out. There are no recovery claims (claims of any substance at all), merely a reference to WMI's interest in WMB's status as a creditor in the WMB abandonment. If this is outsmarted, where is the MASSIVE CLASS ACTION LAWSUIT that you and others are undertaking. I haven't seen it, but if you provide the case identification I'll try to take a look at it immediately. I don't there is one. I don't think you do either.
He got outsmarted by Nate and tried to bully the man. He failed miserably in getting at Nate.
Nate nailed the AAOC's plan to take the reorganized debtor private and dark with a controlled PIERS class option, for holders over $2,000,000 and have the $6 billion in NOLs, unrestricted by IRC 382, all to themselves. The "rights offering" in the previous Plans was inserted to appease the AAOC, and Nate nailed that. Absent the AAOC understanding of the available NOLs, Rosen, in dark hearted spite, would have liquidated WMMRC for cash and there wouldn't have been a PEEP. So, really, it wasn't Rosen's idea, it was the AAOC, but yes, Nate did nail them, and yes, they (not the debtor) did go after him.
He failed to secure the spoils for the hedge funds and almost got them disallowed.
The got paid most of the $7 billion, including interest. "Almost" doesn't count, IMO. They gave up $75 million. Creditors got $7 billion. To me, and mathematically, that doesn't look like ALMOST.
He failed to stop the examiner but the examiners report was not done properly because Jaime was not under oath and I can go on and on.
You point out how he didn't succeed in preventing the Examiner and also HOW HE LIMITED THE EXAMINER SCOPE to preclude the "oath." I could go on and on about the Examiner, I think "Rosie" handled him quite well unfortunately.
Been here pre-bk and the debtors lacked the guts and the balls to go after the FDIC and JPM.
Yep, Rosen. So how can you say he got "outflanked?"
I have no regard or respect for Rosie. He and the debtors took the path of less resistance and that's nothing to brag about.
So, in the end, you agree. I'm not bragging. It disgusts me. But to continually belittle someone who was part of the cabal that crushed the integrity of judicial, regulatory and financial system, seems incongruent. And, to RELY ON THIS SAME GUY to be carrying the water for a secret Susman tens to hundreds of billions of dollars of mediated settlement, unrecorded, also seems incongruent to events.
AI
