The context of my response to Z was that the Preferred conversion is irrelevant to whether our escrows are paid or not, so his blathering about it is pointless. IMO KKR's conversion to commons was done to capitalize on the pps increase I expect to see in COOP's stock soon. This I believe will play out just as NSM did where there will be a sharp rise in the pps, which will eventually drop back and hold at a lower price. If however COOP merges or buys an established banking chain then all bets are off. I honestly believe the HF's are going to play COOP just as they did with NSM, slowly driving retail out until it is primarily privately owned.
Market Data 
Markets 
AI
