Replies to post #717685 on Mr Cooper Group Inc (COOP)

[Bizreader]

Ok!

[sidedraft]

Does this:

Series R; +4.6X.

mean, that you believe, that Series R holders, should see $4,600 per share, for their $1,000 shares?

[Bizreader]

"Legacy WMI common equity is the FDIC claim holder because the commons owns the parent corporation." This edit makes sense to me.
Further knowing that the FDIC won't close out until distribution I then find a incentive for distribution which I felt was missing.

[LuckyPanda]

Ron, my concern is that the assets isolated and protected under remote bankruptcy may loose their shielding from FDIC-R clawback claims. Hence it cannot dostribute until FDIC R closes.

Also, FDIC may be delaying to close down the receivership with all these lawsuits for pennies because its waiting for the remote bankruptcy assets to be released so that it can file clawback claims of $13B for the WMB bonds.

[LuckyPanda]

Ron, the FDIC does not control the assets in remote bk...that's why they are 'remote'. However, I have a feeling that FDIC can sue those assets if they apppear before the receivership closes...Hence, that's why we havent seen any remote bk assets return even though it has been over a year since the bk closed.

FDIC does not "control" remote bk assets. but they can sue the assets if they emerge. They can sue for anything...no justifiable cause needed. They'll just sue to delay the asset return to us until we agree to share the assets to pay off the $13B WMB bonds. IMO