Replies to post #118710 on Mr Cooper Group Inc (COOP)

[Dragynn]

Wrong again. The shares are currently being traded at just under 13 cents a share. Calling them worthless is a complete fabrication.

And the repetitious mantra about the creditors coming first is something everyone knows already, it doesn't make a difference, there will be PLENTY of money for everyone.

There is a reason why JPM has been hoarding cash, we saw part of that reason displayed two days ago in letters 3 feet high. And today another lawsuit against JPM filed out in CA.

And just so you know, the "bank" is owned by JP Morgan currently, so any "creditors of the bank", will need to seek their compensation from JPM. Me personally, I own shares in WMI, not the bank.

[rattlewatch]

WMI will have to prove that the value of the banks was over and above the bank debts,in order to prove there was value to it's shares,of course . However WMI isn't suing on behalf of the bondholders and WMI will not be paying them.

If successful WMI will ultimately/ inadvertently prove the bank bonds have value.The FDICs deal with JPM made the bank bonds worth zero and the non publicly traded shares of the banks,which is what WMI owned, also worth zero.

The bondholders can take the issue up with the FDIC/JPM,just as WMI currently is.

imho