Replies to post #121724 on Mr Cooper Group Inc fka COOP

[JohnnyWinter]

There are actually references to restructuring plans in the billings I've posted, and don't worry, the lawsuits related to copyright infringements are 100% laughable.

I didn't decide they'll lose all the NOLs generated by WMB, the Federal Laws that protect subsidiaries decided that a long time ago.

As far as the plan goes, creditors will be paid in part cash (generated from refunds) and part new stock (upon issuance wamuq will be cancelled) , and the capital losses (which if carried forward don't increase the As) will be carried forward to off-set future income .

The creditors WILL WIN, and the dollar volume and prices of the bonds tell the story.

[dianebRN]

One can learn a lot from being a regular poster on JPM board. Can contribute to JPM groupthink and bash WaMu board all at once. Interesting.

[JohnnyWinter]

G Reorganization


10/12/2009 A. I. Horowitz L520 4.00 850.00 3,400.00

Review congressional statements on 1981 amendment
to G reorganization rules and
draft associated discussion in
brief.



(page 24 of this billing document filed today)





Monthly Application for Compensation for Services Rendered and Reimbursement of Expenses as Special Tax Counsel to the Debtors and Debtors in Possession for the Period from October 1, 2009 Through October 31, 2009 Filed by Miller & Chevalier Chartered. Objections due by 12/14/2009. (Irgens, Andrew) (Entered: 11/23/2009)

http://ghostofwamu.com/documents/08-12229/08-12229-1931.pdf




Guess what? Not GOOD !



Could this possibly be why the bonds have been trading so high and seeing such high DOLLAR VOLUME ???

Type G is NOT GOOD for equity holders .......... especially when most of the debt of their company is long term.