Replies to post #694319 on Mr Cooper Group Inc (COOP)

[Nightdaytrader]

ron_66271, so then I'll ask the same question I asked AZCowboy:

If it's not 75/25 till the end, why would the Underwriters want to be in Class 19 (preferred), when according to you and AZCowboy, Class 22 (i.e., common) is really where the riches are? This is basically what Alice was fighting about and the Underwriters wanted to stay in Class 19.

The Underwriters do this for a living. You're telling me they are so dumb, they picked Class 19 over Class 22 and that was a mistake? Just hard for me to believe.

Would you please explain this and I apologize if you already did, and I just plain forgot.

thanks,
ND9