Replies to post #120340 on Mr Cooper Group Inc (COOP)

[dannoninvest]

whats your take on this. Jamie Dimon is the most sued banker. And it isnt because people think he is successful (media hype), it is because he is deceitful and dishonest. You will learn. everyone knows that JPM Chase was in financial trouble before the seizure of wamu. JPM received the TARP, not Wamu. Jpm wanted to be too big to fail with the theft of wamu. now the government is finally putting an end to companies that think they are too big to fail. Jpms quarterly profits for the past year, are not because JPM is ran good, it is because of Wamu.... Learn it, live it, know it. Your buddy Dimon even admitted to it.....Order up!!

[sometimes_right]

GREAT...HARD DEADLINE of March 10, 2010!!! That means most likely us Longs will see some sort of settlement with the disputed $4 billion in Deposits at some time BEFORE then (hopefully in a few days)... and subsequently MOVE FORWARD with the rest of Chapter 11 RESTRUCTURING... bored of JPMC's hapless delaying tactics.

Thanks for STRESSING this good news for EVERYONE to READ!
(I even bought more WAMUQ shares recently because of this fact!!!)

[writonwater]

If, as in your final paragraph you surmise, WAMU recovers assets in the range of 11.3 billion and is able to schedule repayment of 7.83 billion in liabilities over time, then they are a financial force to be reckoned with. In this still teetering economy, cash is king and billions of dollars of lendable cash could make for a sound new bank. Not to mention the resumption of dividend payments the very rumor of which would send all of the equity classes smartly northwards, I should think.

But if the 4 billion is recovered and the judge finds tort in the manner of the fdic's snatch of wmb, then might not the floodgates open and treble damages come into play?......Sam

[linda1]

What do you think about the investments by TPG and Institutional Investors to the tune of about 7 billion in convertible preferred shares that were converted to common shares?


If their investments are wiped out do you think that WMI will have difficulty obtaining private investments in the future?