Replies to post #459441 on Mr Cooper Group Inc (COOP)

[bkshadow]

tanjazielman, it can be viewed any way...

...anyone wants.

...as time moves on, the pieces of puzzle are completed, the theories and assertions of such pieces fall apart.

...it will all be over SOON, IMO.


...comments in RED.

tanjazielman Saturday, 08/20/16 10:16:01 AM
Re: bkshadow post# 459439
Post #
459441
of 459460 Go
So in your logic JPM gets nothing....I believe JPM got, per the SEC 10K, $645,000,000; IMO, not "nothing." Because there is still 13.8 billion that needs to be divided hypothetically ...hypothetically by non-parties in interest; not to the parties in interest, hundred billion dollar companies, best law firms in the world, don't believe that the FDIC-R is not reporting all of the assets of the receivership.by the FDIC before JPM sees a penny....JPM will get $645,00,000,000; escrow is the party that will not see a penny from the FDIC-R. That's what they waited 8 years for? ...the Deutsche Bank litigation took a long time to make it's way through the court; JPM was almost totally exonerated, the receivership has to deal with the claims of the TRUSTs that OWN the mortgage backed securities (99) administered by Deutsche Bank. Since that court ruling, it has moved quite rapidly for the parties.

Also, the shown situation is BEFORE WMIIC is fully eliminated upon consolidation. ...that is completely unrelated to WMILT or to the receivership of the FDIC.

Quite a bad deal for JPM to settle for 645 million while there is nothing in the pot don't ya think? ...there is $2.7B in the pot; JPM weighed the Deutsche Bank (as Trustee for the 99 trusts) likely leap frog position ahead of them on claim status priority determination.

Besides why did the members of the Steering Committee (“Steering Committee”) of the Ad Hoc Committee of Washington Mutual Bank (“WMB”) Senior Note Holders and certain holders (“Institutional Investors”) of residential mortgage-backed securities (“RMBS”) sponsored by WMB settle for 2.28 billion after four months of Mediation? Because there was nothing left in the receivership? ...actually, we don't what the WMB bondholders will get, if anything, or what Deutsche Bank will get (the most, IMO).

REALLY?? They wasted four months of mediation because there was nothing left? ...well, $2.7 billion, IMO, is quite a bit of money.

GREAT LOGIC. ...well, it's there's to make.

Guess DIMEQ was a better investment in hindsight (sarcasm)

...to the reasonably informed investor, if equity lost and your reference was converted at the settlement value, such would have owned WMIH. Such is known as a 'hedge for those that owned WMI (P's were mine)..