Replies to post #133618 on Mr Cooper Group Inc (COOP)

[diamondguru-one]

now thats funny....

"They probably have no clue about the litigation, Diamonds $12, etc etc etc." !!!!


You sold too.....lol

[wamuvoodoo]

this is what i love best about this board,everyone worries day in day out about this current stock price....ohhh it went .19 booo its back to .14,so on and so on ,we all need to relax and look at the big picture the final curtain is what we need to worry about i call it THE GRAND WAMUALE.....ALL LONG AND STRONGS RAISE THE GLASS FOR THE GRAND GUNGA DIN OF WAMU GODS

[thepennyguy]

I perosnally don't agree> I dont think P'S, K'S and H's or commons for that matter will get full value. My expecations are a global settlement that includes all classes at a fraction of face value. That's why it's a settlement! Bondholders and creditors are pushing hard at this, although the flipside is that they accumulate intrest the longer this draws out.
If a settlement is not reached before SJ, there won;t be one. Wamu team will take this all the way and expose JPM/FDIC every step of the way. 3 times damage at that point...not in a settlement deal. A settlement is just that makes everything go away quitely and satisfies all parties invloved.

I dont want responses claiming commons won't get paid unless P's get full value. The propectus claims p's will be treated as perffered equity that they are and similar treatment to K's. there is no full value guarantee as some claim. No protection.
Anyone that claims that please send me a link, I have yet to confirm that P's cannot be converted to commons other than jiberish. (yes, my claim is not based on backed information either) so as I see it, it still stands. Anything can happen. I don't put all my eggs in one basket. But thats just me.
GLTA. (ps no agenda your freaks, just the facts)

[Stockminder]

Jerle,
I agree that JPM may want to drag things out in court forever, but you have to consider what impact the discovery documents will have. IMO Discovery is what will push JPM to speed this up.

[fsshon]

I will have to disagree with many points you made..

1.

I have to say that I agree with Sculelos that the settlement for Commons will not exceed the $8 offer made in April 2008. I think JPM would rather fight it out in court for years on end then bow to the shame of having to pay what the country considers to be a dead company more than what it was offered when it was alive.

JPM and the Federal Government can not afford to have the masses find out about this scam and then connect the dots to the economic collapse for financial gain and then lastly back to 1929 when JP Morogan himself orchestarted the same thing. So in reality for JPM and their shareholders a "global settlement" will need to be initiated and executed with the EC members giving up all liability and future litigation from pre-shareholders. A share is a share and if pre-shareholders sold because of a fraudulent scheme on the part of the parties, then class action litigation will pursue requisite and justice for those particular individuals. A global settlement will include all and it is the only way JPM can assure their shareholders that this particular litigation is closed and the obligation is paid. Many are going to take losses on this crime, JPM and Fed Government will have to pay dearly to sweep it under the rug.. As the litigation and the omnibuses move forward, the info that comes out at the hearings is having a larger effect. As this proceeds, people who never should have known slowly find out. If this goes into Summer, I do not see anyway for the perputrators to avoid a cell and loss of assets. The new discovery motion is another nail in the coffin. What is found will be the bucket of nails and all Weil and Co have to do is swing the Hammer (THJMW and THJC)

2.

I also think the EC will settle for whatever 'dollar' amount they can get. These top 7 probably never thought they would get anything, if JPM offers $4 a share they are going to jump on it.

I don't think TPG (who will surely be on that committee) will be feeling the same way as you on this little issue. With the pending litigation bringing potantial for 2X or 3X damages and the possibility the FDIC could be liable for up to 13 Bil. Estimated 24 Bil in WMB and WMBfsb at seizure and the shareholders subject to criminal stock manipulations for the entire quarter, IMO .. $12 is about the minimum..TPG was guaranteed $8.71?.

3.

They probably have no clue about the litigation, Diamonds $12, etc etc etc

Believe me, if you own that much stock in this company as of Dec 23rd 2009.. You are following the litigation...

4. I as well would take $4 pps for my shares, I don't think the biggest holders feel the same way. With some of the best legal representation in the country and a mouth at the table, I am sure they will make the case for a higher number.

Good Luck To You ALL (GLTYA)

~Fish~