Replies to post #118716 on Mr Cooper Group Inc (COOP)

[Dragynn]

Which shares are those? Can you provide a ticker symbol? And since JPM has already stated that they have made several BILLION dollars in profit from the "failed" bank, I would say that it's not "worthless".

You spoke of both the bank, and WMI in your post, you stated that creditors of the bank would come first, so WMI wouldn't get paid until the creditors do, but if the entities are not the same, then how does WMI have to wait in line behind the bank?

WMI IS one of the creditors of the bank, the bank owes WMI BIG-TIME, so again, your statement implies WMI will be one of the FIRST in line to get paid. And I agree with that statement.

[Sculelos]

JohnnyWinter, as far as I am aware of the matter of the 4 Billion in deposits is unquestionably WMI's. As well as the 25 Billion in assets that are un-accounted for as well as the suit against the FDIC for WMI in damages.

All of it goes to the WMI estate to pay off, WMI creditors. The bank creditors will have to file a separate suit against JPM if they hope to receive compensation, and for the sake of the bondholders I really do hope that JPM decides to honor them and continue onward.

No matter Johny, I got my tickets and I'm not giving them up until WMI reorganizes and exit's bankruptcy.