Replies to post #75537 on Mr Cooper Group Inc (COOP)

[sf]

people are forgetting this. i dont feel they are in it to merge. they are in it to get their money for their banks and patent infringement done by jpm using the design patent owned by wmi. they want to clear their name because reputation is everything. it is in jpm best interest to give them an offer they cant refuse. it is in jpm best interest to merge wmi as a subsidiary holding company and payout the monies owed to them for the bank stock. wmi doesnt need jpm jpm needs them. i feel when the 4.4 bil is returned that is enough capital to come out of bk irreguardless of bank outcome. any bank could be bought and NOLs remain intact. and wm returns to its rightful place and is stiff competition for gs and jpm. because wmi will definitely be the only "good" bank and holding company with a true clear balance sheet. a force to be reckoned with. the ball is in jpm court. i feel there will be a huge bidding war for wmb because a true auction was not done and gs needs to grow. they will not just let jaime dimon walk off with the prize. i think this is going to be very eye opening experience for everyone involved. we are the prize and the competition they wanted eliminated. but i dont feel wmi will be eliminated or silenced. they will return imo. would wmi have to buy a brick and mortar bank to come out of bk with NOL's? could they in fact have a digital online bank? they have atms that are owned by them now offsite of the banks in malls and airports. why couldnt they be a holding company with an online banking system. no overhead and they could offer an unbelievable savings rate and cd rates to depositors that jpm and gs could not! something to ponder!!!

[Lawrence 147]

You guys have to realize the banks are gone. They will not unwind the deal it will break JPM and it is what is now considered systemic so that just will not happen. WMI was taken to shore up JPM plain and simple. They were the best of the worst, with the greatest possibility of saving JPM, which has happened. JPM will not loose the accounts and most likely not loose any of the assets they latched on to. Yes there are most likely others in the mix, but the FDIC could not bail out JPM from its follies and they needed to shore it up somehow, so they stole a bank, the best of the bad and gave it to JPM with a considerable amount of write-offs. If the FDIC has to pay then so be it but JPM just can not loose too much in the deal or they will be in the same place we are i.e. bankruptcy. That just will not be allowed, yes WMI has a very strong case, as there was very much criminality and incompetence going on. Think about the scrivener’s error given for not having the schedule 3.2a in the P&A agreement. Think about waving the rules. There is much to cove up and it will never see the light of day.

Look at the PPS we are still thought of as fools buying this POS bankrupt stock. If it were such a good thing every one would be buying at face value minus 10 to 25 % if nothing else just to collect on the dividends.

So where is our value? Some are turning this stock into a considerable amount of money by trading it, some are buying and holding for the big payoff. We don’t know if they will settle in the near term or if it will take years in court, but in the end JPM will have all of WMI. Right now it is just a matter of making the numbers line up to where WMI is made as whole as is possible and JPM does not loose too much or can recover quickly. JPM will have it because that is what they need to survive, but in the end WMI must be made whole.

This mess determines weather the U.S. will ever be able to borrow money from any one ever again, it will determine if investors will ever buy stocks in any company again knowing that the government can just come in and grab it.

It is true this mess started under the Bush administration but the Obama administration has done nothing to solve it. I tell you this it does not matter who started it, or who will fix it. What does matter is that it gets fixed, as expeditiously as is possible, the economy will not move with out the loss of confidence being restored. It is a funny thing about money if it is only on paper you have still lost it and can not invest it. But you can generally replace it over time, but some time confidence can never be restored.

All of this is just my opinion of course.