Replies to post #432966 on Mr Cooper Group Inc (COOP)

[scrivenerserror]

Isn't it funny how one can misread this very clear document and rip it apart til it fits an agenda ?
Haha .

Go read section 1.183/1.184(Released ?Parties/Claims?) of the GSA and you will see it for yourself. The FDIC-R and the Receivership "ARE NOT FULLY RELEASED" in plain english. See below.......



"provided, however, that “Released Claims” does not include (1) any and all claims that the JPMC Entities, the Receivership, the FDIC Receiver and the FDIC Corporate are entitled to assert against each other or any other defenses thereto pursuant to the Purchase and Assumption Agreement, which claims and defenses shall continue to be governed by the Purchase and Assumption Agreement, (2) any and all claims held by Entities against WMB, the Receivership and the FDIC Receiver solely with respect to the Receivership, and (3) subject to the exculpation provisions set forth in the Plan, any avoidance action or claim objection regarding an Excluded Party or the WMI Entities, WMB, each of the Debtors’ estates, the Reorganized Debtors and their respective Related Persons; and, provided, further, that “Released Claims” is not intended to release, nor shall it have the effect of releasing, any party from the performance of its obligations in accordance with the Confirmation Order or the Plan."

Thanks to hotmeat

[fredmiller1999]

just a few questions....

is it legal to hid assets?

did kmart hid assets from share holders?

did kmart DURING its bankruptcy disclose assets?

after kmarts bankruptcy... did assets suddenly unicornly appear?

just a few questions that have been on my mind lately..

unicorn theories have been given this name due to magical hidden assets appearing out of no where.

i was wondering if its ever happened before... ive heard kmart had hidden assets appear out of thin air with out the judge knowing. i was wondering if such a thing is even possible.

obviously hidding assets are ridiculous.... especially billions of dollars in assets.

i realize kmart is like comparing apples oranges...

but my question still remains.... is it really possible to hid assets from the courts, public, por's or any GLOBAL settlement agreement during a bankruptcy....

OR does the courts have to disclose assets before a bankruptcy company emerges?

tia

[hotmeat]

5.1 Receiverships are managed to maximize net return and terminated in an orderly and timely manner. (managed by whom??....the FDIC-R of course)

Means & Strategies: Under the FDI Act, the FDIC in its receivership capacity manages the assets of failed IDI receiverships to preserve or enhance their value and disposes of them as quickly as possible, consistent with the objective of maximizing the net return on those assets. By quickly returning the assets of a failed institution to the private sector, the FDIC maximizes net recoveries.
In fulfilling its responsibilities to creditors of failed institutions, the FDIC, as receiver, manages and sells the receivership assets using a variety of strategies and identifies and collects monies due to the receivership. Given adequate time, the FDIC prepares in advance an information package and an asset valuation review for each failing insured depository institution to help solicit bidders and sell as many of the institution’s assets as possible at resolution or shortly thereafter. The FDIC manages the remaining assets in a cost-effective manner to preserve value until they can be marketed.The failed institution’s assets are often grouped into pools to be most appealing to acquirers and are marketed through an Internet-based platform.



External Factors: A severe economic downturn could lead to more institution failures and could affect the pace at which the FDIC markets assets and terminates receiverships. Economic and other factors, such as extended litigation delay the termination of a receivership



Comments in blue: Component 2- The receivership ie the statutory mechanism used to receive/house assets of the failed institution which is then managed by the regulatory body, the FDIC-R. Both the Receivership and the FDIC-R solely with respect to the WAMU RECEIVERSHIP specifically.....are not released!!!!!

[scrivenerserror]

This is on topic as a post can possibly be on topic ! **** ihub .

Go read section 1.183/1.184(Released ?Parties/Claims?) of the GSA and you will see it for yourself. The FDIC-R and the Receivership "ARE NOT FULLY RELEASED" in plain english. See below.......



"provided, however, that “Released Claims” does not include (1) any and all claims that the JPMC Entities, the Receivership, the FDIC Receiver and the FDIC Corporate are entitled to assert against each other or any other defenses thereto pursuant to the Purchase and Assumption Agreement, which claims and defenses shall continue to be governed by the Purchase and Assumption Agreement, (2) any and all claims held by Entities against WMB, the Receivership and the FDIC Receiver solely with respect to the Receivership, and (3) subject to the exculpation provisions set forth in the Plan, any avoidance action or claim objection regarding an Excluded Party or the WMI Entities, WMB, each of the Debtors’ estates, the Reorganized Debtors and their respective Related Persons; and, provided, further, that “Released Claims” is not intended to release, nor shall it have the effect of releasing, any party from the performance of its obligations in accordance with the Confirmation Order or the Plan."

Thanks to hotmeat

[scrivenerserror]

Isn't it funny how one can misread this very clear document and rip it apart til it "fits in" ?
Haha .

Go read section 1.183/1.184(Released ?Parties/Claims?) of the GSA and you will see it for yourself. The FDIC-R and the Receivership "ARE NOT FULLY RELEASED" in plain english. See below.......



"provided, however, that “Released Claims” does not include (1) any and all claims that the JPMC Entities, the Receivership, the FDIC Receiver and the FDIC Corporate are entitled to assert against each other or any other defenses thereto pursuant to the Purchase and Assumption Agreement, which claims and defenses shall continue to be governed by the Purchase and Assumption Agreement, (2) any and all claims held by Entities against WMB, the Receivership and the FDIC Receiver solely with respect to the Receivership, and (3) subject to the exculpation provisions set forth in the Plan, any avoidance action or claim objection regarding an Excluded Party or the WMI Entities, WMB, each of the Debtors’ estates, the Reorganized Debtors and their respective Related Persons; and, provided, further, that “Released Claims” is not intended to release, nor shall it have the effect of releasing, any party from the performance of its obligations in accordance with the Confirmation Order or the Plan."

Thanks to hotmeat

[Large Green]

Keep in mind, the proceeds from the bankruptcy that are brought in from NON WMB assts, overfunded claims, court registry accounts and the (including interest) 25 billion dollar 363/sale settlement and much more will only go the the following investor who received our BELOVED Escrow Shares by the following definition.


Piers investors NEVER received event NewCo/WMIH Shares or ESCROW SHARES for their investment
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Equity Investors received an abundance of NewCo/WMIH Shares and an abundance of Escrow Shares