Replies to post #743340 on Mr Cooper Group Inc fka COOP

[PickStocks]

The issue is you do not......if there was anything coming back there is nothing blocking from its release....this includes interest......

[LuckyPanda]

My theory is this...

1) The receivership owes the bank bonds to the tune of $13B...but it doesnt have the money to pay for it.

2) It knows that there are assets (loan portfolio interests collecting for 17 years) in remote bk

3) The receivership is delaying closure with these bullshit Libor lawsuits ( that they will settle for nothing) with the aim of waiting for the release of the remote bankruptcy assets so that they can claw it back to pay off the $13B bank bonds

4) The remote bk trustee will not release the assets for that exact reason because they know the receivership is being kept open for clawback

5) So now either side is waiting to see how long the other side can delay...could be another few decades...who knows

6) We are stuck in the middle with no assurance of any time limit from either side.

[Large Green]

NDT, you have the priorities correct but you under estimate the Executives lust for power and money along with crazty egos.

The FDIC is not going to lose control of Safe Harbor assets especially when they have lost to the rules so they will use their egos, threats and intimidation to ensure the Executives do NOT distribute anything until they give the ok. This or the Executives who do will be blackballed from the industry never to get another related job period.

This is the ultimate control and believe me this is how it works or they are kicked out of theirs so called clubs.

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[johnlconfer]

Nightdaytrader the safe harbor assets are made up of MBSs. JPM, BOA, AIG, etc are still paying the CDS claims that are 17 years old. When the MBS are made whole the safe harbor assets can start to pay out. Then JPM can finish paying for the PA&A. Apparently AZ and Ron agree on this.

Semper Fi