Replies to post #624286 on Mr Cooper Group Inc fka COOP

[ItsMyOption]

AZ, do you feel the P & K preferred will still get dividends and par value? I have over 1/2 of my investments in these so it would be nice to see some dividend payout.

I do feel the P preferred will get new Shares issued and possibly from the new parent company.

[woodstock_guy25]

AZ seems like we will be waiting a bit. I mean BK was closed in 2012 and yet here we are 8 years later... What's another 8 years HA

[Royal Dude]

"5.1 "= 10 bil


Opinion of Simpson Thacher & Bartlett LLP as to the legality of the $3,500,000,000 aggregate principal amount of Fixed-to-Floating Rate Notes due 2026, $2,750,000,000 aggregate principal amount of Fixed-to-Floating Rate Notes due 2031, $1,500,000,000 aggregate principal amount of Fixed-to-Floating Rate Notes due 2041 and $2,250,000,000 aggregate principal amount of Fixed-to-Floating Rate Notes due 2051.



23.1


Consent of Simpson Thacher & Bartlett LLP (included as part of Exhibit 5.1).

[hotmeat]

As anyone who ever read the FDIC docs would know, those were UNSECURED BONDS ie there were no supporting assets. The FDIC has no more money to pay them with other than what was paid to the Snr Bonds in the Globic Settlement.