Replies to post #693582 on Mr Cooper Group Inc (COOP)

[johnlconfer]

AZ remember the WM Capital Trust funded the commons and Piers. We should not expect any less than the Hs returns as well!
Semper Fi

[Nightdaytrader]

AZCowboy, maybe they used the WMIH Preferred Managing Subsidiary's cash like you have stated. However, that doesn't mean they can't use other accounts/funds to pay the preferred. I just don't believe commons will get rich and the preferred won't. I don't believe the Hedge Funds and Underwriters are that dumb and would ever allow that. They do bankruptcies for a living, and they know where the hidden jewels are.

JMHO
ND9