Replies to post #138846 on Mr Cooper Group Inc (COOP)

[Dragynn]

You are wrong IMHO. And based on the facts of the case.

6.5 billion in cap contributions alone, that's WMI's. 5.6 billion in tax refunds, so there is 12 billion right there, add to that the 4 billion in cash that belongs to WMI, now we are at 16 billion, so JUST that, BEFORE damages, trademark infringement, RICO, breach of fiduciary duty etc., is more than double that estimate you just pulled out of gawd knows where.

If you are basing your post upon what you hear from blogger/preferred-pumpers like Kevin Snarke, boy howdy have I ever got a hot tip for you.

[Vulcanized Crawler]

ilvmny usually bad business practices....
got rewarded with tarp monies and now are making billions hand over fist. now why is it wamu was solvent, according to jamie, and the fdic seized it a few days before tarp??? and why did paulson exclude it from the no short list?

as i stated before, jp morgan, the original, would be so very proud of jamie.....assuming he doesnt go to jail.

[XOM]

EC won't approve a $7B settlement for preferreds only.
Don't forget WMI is claiming the return of a whopping $6.5B in capital contributions in their latest SOFA amendment. This and the Cayman series are yet unresolved. Rosen is very careful to expound on claims that make assets as conservative as possible, while the US Trustee (and many on this board) saw facts that caused the office to act expeditiously to represent all equity issues.

[daulton]

ILMNY,

If Walrath rules in favor of the disband of EC, then we could go down that road ... Otherwise per the definition of an EC, there would be no approval of a settlement by JMW without including all equity classes.