Replies to post #660168 on Mr Cooper Group Inc (COOP)

[BigBang]

She knows the game, and the rules of the game. If the debtor is in Chapter 11, THERE IS 100% sausage hidden in subsidiaries somewhere

Thanks for the explanation, however, I have a general question. If this is so, why then, in almost all cases, are the existing shareholders extinguished in a Chapter 11. If what you are saying is true, then why aren't existing shareholders always part of the equation? Why are they typically cancelled out.

Also the statement, "Let me posit this, if the debtor is worth, say $10B, was made a long time after the filing. How would she have known this at the time of WMI's filing for bankruptcy protection?

[nosch]

i agree with you. Last week you could see that THMW is a good actress as a judge. I was also amazed that she devoted so much time to the shareholders and AG. but of course she can only judge within her area. you could see from her gestures that she was blocked and knows more than she says. All best!