Intuitive3,
Sorry, but I don’t comment on WMIH/COOP at all anymore.
But regarding WMI Escrow Markers:
IMO...the exact numbers are too large to ignore and to be honest irrelevant right now.
The facts I'm focusing on are:
1) since WMI abandoned the WMB stock, any and all recoveries are re-characterized as "bankruptcy remote"
2) the underwriters (Morgan Stanley, Credit Suisse, and Goldman Sachs) disallowed a $24 million Class 17 claim, and settled for a $72 million Class 19 claim (which they have to wait longer for than a payout for a Class 17 claim)
3) What did investors like Bonderman know before infusing $7.5 billion to save WMI in April 2008? What did the underwriters know? What did the SNH know?
Answer: They all knew more than we (retail) knew...and some were willing to go to jail for insider trading.
4) And now...Rosen is getting pressure to close the BK cases ASAP from some entity/entities who want their recoveries ASAP...maybe before December 31, 2018!
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