Replies to post #736042 on Mr Cooper Group Inc fka COOP

[Bill48]

Thanks for your reply!! I understand some of what you said! But some of what you explained is way over my pay scale ! LOL! But thank you and now I can dive into doing some research and trying to comprehend your point!👍

[Ray_137]

I don't know much about bankruptcies, but as you say preferred are supported by ABS Trusts then why they cannot pay P & K, before LIBOR is settled as LIBOR originated from another act of misuse of interst rates. LIBOR payment if any can occur later.