Replies to post #746572 on Mr Cooper Group Inc fka COOP

[sunshinevibrations]

That did it!! The mere length of that post of gibberish convinces me. Escrows are getting paid SOON!!!

[SamuraiProgrammer]

Does anyone have evidence of this? Did I miss it entirely or is it AI having a brain fart.

On June?24?2025, an involuntary Chapter?7 bankruptcy petition was filed against the WMI Liquidating Trust in the U.S. Bankruptcy Court for the District of Delaware

[SamuraiProgrammer]

This is definitely incorrect. (Not you BBANBOB, but the AI)

🏦 Capital Stack Waterfall in the WaMu Bankruptcy

When WaMu went under, the court applied the standard bankruptcy priority:

Secured creditors – Paid first from collateral.

Unsecured creditors – Senior notes, trade claims, litigation settlements.

Subordinated debt – Junior notes, trust preferred securities.

Preferred equity – WAMPQ, WAMKQ, etc.

Common equity – WAMUQ (your shares).

💡 Key point: Common equity only gets paid if all higher-priority claims are satisfied in full.
📉 What Happened to WAMUQ

You of all people should remember about the 75%/25% business...

[PickStocks]

Wrote a book...

[stoxjock]

Looks like AI is just 'Scraping' 'Tidbits' from all over the Internet and 'gorging it out (sorry for the use of this term but looks like that's what its doing) because the below Question is Word-for-Word what I posed on this Very Forum to LG:

"Are you saying WAMPQ, WAMKQ will also get COOP per the 75%/25% breakdown OR are you saying Ps, Ks will be converted to New Prererreds by converting old Ps by valuing them at $10000+ per "Old WaMu P" etc.? And at what ratio would each erstwhile WamUQ be converted to?".

So, I do not put much credence into the Generative AI stuff, as it exists today...