Replies to post #637176 on Mr Cooper Group Inc (COOP)

[Dmceng4]

Cassie

I think you are pretty much spot on but there are other opinions here!!!lolol
It will all come out in the wash. Perception is always 20/20. Ask the Dems!!lolololol

[hotmeat]

That's pretty much the common sense interpretation of what should happen since Commons were set to be wiped out if that 25% accomodation was not made.

If Preferred holders had been represented by it's own counsel it is highly likely that Commons would have been shut out of the Newco distribution since Preferred were left impaired.

Interesting how certain posters wish to rewrite the original "contract" agreed to in the negotiations between the HF's and the EC and revert to the governance for the original WMI share structure.

Too bad it doesn't work that way....for those promoting this idea at least. For now this is all a side issue as we are still to determine what, if anything, is left over.