Replies to post #177887 on Mr Cooper Group Inc (COOP)

[Bizreader]

Yeah!

[stock_wizard]

wow that was a good post. awesome fish!

[Wamunut]

Incredible post fish !!! In a nutshell !

[Pawsy]

wow, that certainly threw some spark into my dim globe. Very insightful post. Thank you..

[Zilla]

I'll see you at the shareholders meeting in April with 400,000 Q's backing me up. Together we all can make a difference. :)

[alliecorp]

Wow, somebody ate his Wheaties today :)
Great stuff fsshon!! Good weekend reading for newcomers, too.

[rainbow1111]

Fsshon: Thank you so much for all you do and all the time you spend on this board. I always get a lot out of your insightful posts.

I hope to meet you in person in Seattle as well as the other great posters on this board. We'll all have to figure out a way of identifying each other.

[Roach58]

Fish, I thought I read in the court documents that the motion to intervene is an "absolute right". Perhaps that is why no one objected, as they figured it was pointless. I believe they sited case law precedent in the EC's motion to intervene. IMO

[Roach58]

In In re Marin Motor Oil, Inc., 689 F.2d 445 (3d Cir. 1982), cert. denied, 459 U.S. 1206,
451 (1983), the Court of Appeals for the Third Circuit recognized the absolute right of parties in
interest under Section 1109(b), which includes equity security holders' committees, to intervene
in an adversary proceeding. The Third Circuit Court of Appeals reaffirmed this absolute right in
Phar-Mor, Inc. v. Coopers & Lybrand, 22 F.3d 1228, 1232 (3d Cir. 1994), stating that Section
1109(b) gives "parties in interest an unqualified right to be heard."

[SlyOne]

$16.5 billion Withdrawal Math, Thanks Fish

$ 4.0 Bil FHLB
$ 3.7 Bil FDIC
+$7.7 BIl Fed class

$ 5.0 BIl Russels Investments (My recall: they moved $5-6 bilion into JPM just days prior to seizure. My belief is that JPM provided "incentives" to choose JPM over all other banks, ie Citi or WFC or Wachovia at the time. JPM:"We are likely to take them over, So, its better to move it to us" )

+$12.7 BIl "Seen W/Ds

$ 7.7 Bil/ $16.5 = 47% Feds W/Ds
$12.7 Bil/$16.5 = 77% Seen W/Ds
$ 3.8 Bil Unknown W/D.

So, the "run" on the bank was created by the Feds and JPM as smokescreen to justify the seizure. IMO: this plan took time to plan and execute. It could not have just "happened" through lack of confidence in WAMU. WAMU was attacked by FDIC and JPM.

[abiabi]

What could happen if we do not get the botes to change the BOD?

[Nibs]

no