Replies to post #641001 on Mr Cooper Group Inc fka COOP

[BBANBOB]

THOSE WERE NOT ASSETS OWNED as they are IMHO assets that are in TRUSTS and NOBODY OWNS a trust, they may have residual participation in that trust, but they do not own it, they just benefit from it to their participation %'s and nothing more.

This is WHY WE ASKED for a few more weeks to get our tier levels up and THE FDICK and JPM knew better and jumped on WAMU and seized it before they could shore up their TIER LEVELS

[boarddork]

Chapter 11 is a get out of jail card for big business. WMI took advantage of it like thousands of others.

Shed those cement shoes, and reorganize around remaining assets. Dump retirement plans, dump enough shareholders, dump debts......

Chapter 11 only require that you claim enough assets to cancel liabilities. You don't have to reveal all the other assets you might own, as they aren't required to settle the liabilities stated.

Chapter 11 is a lather, rinse, repeat scam. I'll never be a common stockholder of most large companies ever again.