Replies to post #404890 on Mr Cooper Group Inc (COOP)

[David West]

Large Green,

Most bankruptcies border on lies and corruption. Nothing new there. Posters need to understand that the judge is simply a referee or guide, and has absolutely no fiduciary relationship to any party in a bankruptcy. They also do not care about lies and corruption. They concentrate only on guiding the parties to agreement.

Additionally, anyone expecting fair play in the market, or justice in a bankruptcy court, is simply naive. It is the reason that 80% of all investors in the market lose there money. I am in the 20% because I am knowledgeable on how the market works, and accept wins or losses with equal grace.

Best regards,
David West

[fsshon]

LG. THJMW does not get to pick the cases, the debtors were insolvent, the banks were not. Part of the 32 Billion in the Assets column was the stock of WMB, which Sheila cancelled and declared null and void (worth nothing). WMI was able to take a worthless tax loss on the stock and use that NOL to reap tax benefits for emerged entity. WMIH is not insolvent, but WMI was and this was

WMI filed for Bankruptcy, not WMB. WMBfsb was not insolvent, but the case was made by the FDIOC that WMB was. FDIC is the culprit here, not the presiding bankruptcy judge who had to deal with the case on her docket. The debtors never made a motion to withdraw the bankruptcy filing. They are the only ones who could legally withdraw the case from Walrath, but we all know what they really wanted to do.

It was THJMW who stopped them "dead in their tracks" and willed Equity and the Preferreds the NEWCO, along with your escrows, you love so much.

Cheers
Blue