Replies to post #720347 on Mr Cooper Group Inc (COOP)

[ron_66271]

The Equity Community’s Council Took Control of the LT.

S&G, The Equity Community requested control of the Original Liquidation Trust created before the creation of the Plan 7 LT for Creditors.

The Equity Community was granted control of the original trust which held WMI’s claims for WMB against the FDIC.

The FDIC is representing WMI on WMB’s behalf, and S&G is representing the FDIC on WMI’s behalf.

The OTC Claimants!
The FDIC is a Plaintiff as a Receiver.

The CDS, Credit Default Swaps LIBOR insurance interest rates where manipulated by the Big Banks that wrote the contracts.

JPM, BofA will pay.



Ron

[Boris the Spider]

Susman may have been involved in others. Not sure. Bop would know. Someone should ask her that.
But he was The Wamu guy so most likely the firm is involved in this settlement for WMI and the hedgies. And us.
I was excited to see their involvement. Its a promising sign. I say this gets settled soon, but who knows?