Replies to post #411272 on Mr Cooper Group Inc (COOP)

[JB3136]

Az since the PA&A agreement has finally terminated when would you project anyone to start actually seeing anything returned to the estate or given to escrow holders? How long has the PA&A agreement be closed for now? 3 months?

[Large Green]

AZ, all I can say is WOW, you just SIMPLY NAILED this and when I read (below) what you just wrote, it sends quivers up and down my spine thinking how I would feel if I did NOT have a LARGE supply of now infamous and BELOVED Escrow Shares.

Wow, this EXCELLENT summation by AZ makes me LOVE my Escrow Shares MORE and MORE!

AZ, thanks again as this is one of the best responses with educated fact based statements, based on the legal and mandated processes of the FDIC, SEC and other Governments agencies.
_______________________________________________
Quote AZCowboy:

... BK, Do You Know What Else You Can't Do Anything About ? ...

From BK


Quote:
but there isn't a GD thing that I can do about it


You also can not do anything about the procedural mandate that the FDIC-R will accomplish regarding the dividend returns to the debtors estate ... or' .. to the current holders of the issued trust markers for their release provided ... now that the PA&A agreement has finally terminated ...

Nothing' there is literally nothing that you can do' at all' ... the mandated 1934 Act process will move forward as originally planned'

There is not a thing within this planet, that YOU' or anyone else could do to stop that Government Mandated Mechanism from performing its future tense obligations regarding the returns to the WMI recipients ... Nothing ...

There were lots of people that thought they could "game" the system and that they were smarter than the people that actually negotiated the mediated result ... obviously, they were not ...

Many people made very serious, once in a lifetime errors within their individual financial decisions ... This was a once time chance to hold the golden ring along with the hedge funds for those that listened to Mike W & Ed S ...

During 2008 and all of the financial mayhem that ensued ... the hedge funds saw opportunity where others saw ruin' ... Mike W also saw the possibilities of this one time event and kept equity holders involved within the process' ...

So No, many had their chance, however, became a bit to smart to receive the reward' ...

And also an additional correction ... Equity said a "comprehensive fair and reasonable recovery"

The words matter' ...

AZ

[bkshadow]

TOTALLY AGREE, AND ALWAYS WILL

You also can not do anything about the procedural mandate that the FDIC-R will accomplish regarding the dividend returns to the debtors estate ... or' .. to the current holders of the issued trust markers for their release provided ... now that the PA&A agreement has finally terminated ...

Correct, nor you or any other color. The fact is, there isn't enough money. Period. The FDIC-R is following the 'mandate, but they are not empowered to print money to satisfy the claims. That is why there is a priority to the claims. Those with the highest priority get paid first, then the next, until the money is gone. It is quite simple, structural, procedural, systemmatic and rational.

Based upon the existing facts, those FDIC-R class ABOVE EQUITY are trading at a fraction to face on Senior's and zero for Juniors. These sophisticated investors (follow the big money as the color has said), with their stable of attorneys, tax JDs, CPA's, etc. don't see it the way others are postulated. ACTIONS of these savvy hedge funds IMO weighs more heavily than theoretical WORDS of a few.

Nothing' there is literally nothing that you can do' at all' ... the mandated 1934 Act process will move forward as originally planned'

Never want to try. They are following the 'mandate, and they can't print money. The 'mandate requirement is true and legit, the priority class are there for a reason.

There is not a thing within this planet, that YOU' or anyone else could do to stop that Government Mandated Mechanism from performing its future tense obligations regarding the returns to the WMI recipients ... Nothing ...

The 'mandate is being followed and it is expected to stop over ten billion short or more. Again, where in the 'mandate does it say that the FDIC-R has to go to Congress to raise and appropriate funds for the President to sign in order to provide the FDIC-R with the funds to pay a short-fall in a receivership? It doesn't and can't.

There were lots of people that thought they could "game" the system and that they were smarter than the people that actually negotiated the mediated result ... obviously, they were not ...

They won. They've been paid over $7 BILLION (creditors) and JPM stole another $45-$60 BILLION of value. There is no secret Mediation result other than what all parties filed. To think otherwise would be to believe that participating in bankruptcy fraud in the confirmed plan is OK to cover up for the fraud committed in causing the bankruptcy. Again, no concern for right or wrong, just give me money and then it will be right. I'm not in that camp.

Many people made very serious, once in a lifetime errors within their individual financial decisions ... This was a once time chance to hold the golden ring along with the hedge funds for those that listened to Mike W & Ed S ...

Mike and Ed (and more generally, the Equity Committee) made the best deal that they could. It is what it is as they described in their court plan support documents, the WMILT and WMIH SEC filings and press releases.

JUST REMEMBER, YOU ARE VERY HAPPY WITH MIKE WILLINGHAM AND EDWARD SARGENT. THAT CANNOT CHANGE.

During 2008 and all of the financial mayhem that ensued ... the hedge funds saw opportunity where others saw ruin' ... Mike W also saw the possibilities of this one time event and kept equity holders involved within the process' ...

Yes he did. Did quite well for himself. Good for him. We agree. And you will not be able to change such as time concludes the matter.

So No, many had their chance, however, became a bit to smart to receive the reward' ...

Selling at settlement and buying in 2013 turns out to be quite a smart move. I wish I did more, earlier, but didn't see "what I needed to see" until May 2013. I don't have a crystal ball, nor any inside connections.

And also an additional correction ... Equity said a "comprehensive fair and reasonable recovery"

They disclosed the components of the settlement and that it was "fair and reasonable." If it is what it is, and there is no more (that was created in retail world and not by MIKE AND ED), remember.

The words matter' ...

Absolutely. And, in that regard, the WORDS THAT ARE NOT THERE cannot be attributed to them.

AZ

BK