Replies to post #461504 on Mr Cooper Group Inc fka COOP

[clawmann]

Mord, that is an interesting thought, but I cannot believe that - even if there is something to it (which I doubt) - anyone will ever admit to it.

As far as I know, it would be entirely beyond the FDIC's mandate to help out JPM by taking a piece out of the senior note holders' distribution and giving it to DB. If this hypothetical were even on the radar, I am certain the senior note holders would have filed objections by now. And the FDIC Board had to have a hearing where they inquired into the reasons justifying the settlement before approving.

I just don't see it.

[tanjazielman]

If I were a senior note holder I would want. a court to decide if DB gets any money earmarked for the senior note holder. Have not heard from senior note holders on this issue yet.

Doesn't surprise me. Both DB and GUC will get their claim in full.

[elephantstomp]

I can't rationalize Sn. Note holders accepting pro rata with unsecured creditors.

Someone is going to need to help me with priority, because if I were a Jr. Note holder I would expect unsecured creditors to fall below that class too.