Replies to post #477338 on Mr Cooper Group Inc (COOP)

[ReikoBlack]

What makes you think i don't understand? My point was this $4 billion didn't just go "poof", it went somewhere...it went to partially pay off the Creditors.

The Creditors were owed roughly about $7 billion.

Let me ask you a question...let's say that it was shown that the $4 billion belonged to the Holding Company (WMI), who do you think this money would have eventually gone too?

Would it have gone to...

a) the Creditors (which it did)

or

b) Equity

The 4B was not theirs to take! It belonged to the holding company. Period! Why dont you understand this?