Replies to post #563479 on Mr Cooper Group Inc fka COOP

[Large Green]

LP, one could not have signed timely releases then ignore the bankruptcy process where you received markers because of the process.

There cannot be two sets of ownership. All bankruptcy remote means is certain assets are protected from creditors BUT the bankruptcy process controls the last link in the chain-of-title to prove ownership which is evident with those investors who signed timely releases then received markers in their accounts. This was confirmed by the court on the Effective Date of 3/19/2012.

The hard and challenging parts that take specialized experienced lawyers is to get certain assets qualified as bankruptcy remote but the process is easy to understand.

If one signed releases, then one is part of the bankruptcy process and no, one cannot cherry-pick what parts of the bankruptcy process to use and ignore.

There are no special areas that certain assets reside bankruptcy remote or NOT but it is the process one needs to understand.

[jerrylev]

No LP, we released FDIC and JPM and HF and the entire wild wild world of any wrong doing in return of the remaining of WMI and WMIH with 6B NOL.

We don't release ASSETS!!!!

Whatever is left in WMI are what it is, If you ask the LT now, either there is truly nothing left or they claim ignorance of any trusts and money that sit somewhere until it goes into WMILT. In another word, the trust can only tell you what it has on hand at the moment which is less than 40M in cash after paying PIERS.

Not declaring something can mean 2 things:

1) Either I don't have it and will never have

2) I will have it but it is not in my hands yet. Just like we don't declare income from escrow to the IRS until we will be paid if at all.

FOR ONE THING, WE DON'T RELEASE ASSETS!!!!