Replies to post #658425 on Mr Cooper Group Inc (COOP)

[Tdeank1]

Its official, it has been, they have said over and over, no money coming back, on or off balance sheet...you are listening to the dreams of a few message board posters and an attorney trying to make side money from her services, since she knows no money is coming back....you are choosing not to see the obvious....

[Bizreader]

I understand and agree with your sentiments.

Public outcry will ensue if this 103 yr old American institution is not soon put to rest amicably.

For those with nothing, there is nothing to lose now.

[novascotiaSTS]

There have been multiple official statements over the last few years with essentially the same message - which are being ignored, because they dont fit the preferred narrative. Just last week:

Griffin’s assertion that there are additional assets yet untapped—hundreds of billions of dollars’ worth, even—is belied by the facts of the Chapter 11 Cases, and the efforts of the Litigation Subcommittee and the Trust to litigate and collect on all available Causes of Action.

“Unfortunately, Griffin chooses to disregard the separateness of WMI and its subsidiaries and claims that certain assets of WMI’s subsidiaries, especially those of WMB which were seized by the FDIC and sold to JPMC, are assets of the Debtors and the Debtors’ chapter 11 estates. . . . Indicative of these misstatements are Griffin’s numerous references to ‘MBS’ (mortgage-backed securities) and ‘safe harbor’ assets as purportedly belonging to WMI. Worse, these misstatements have created misapprehensions that there are significant recoveries that remain available for distribution to former equity holders upon closure of these chapter 11 cases . . . . [A]ny transactions relating to ‘MBS’ were conducted by WMB and its subsidiaries, not WMI.”).

[stoxjock]

Exactly True. IF we don't see anything as a result of AG's filing, then we'll just have Speculations 'To Ruminate over for Years & Years to Come' just as we spent the past 13 years.