Replies to post #220311 on Mr Cooper Group Inc (COOP)

[rramirez82]

I also agree with you. I don't think this was about a conflict of interest - the EC would have filed an open motion to argue that. I suspect whatever went on in chambers (as well as whatever was filed under seal) was enough to force negotiations on our behalf. I guess we'll see though - we do have until July 20th.

[rockie101]

Now what was it that happened to make the board think that Susman turned in a smoking gun or at least has one ?

[thelimeyone]

IMO you hit the nail on the head.

Susman has proof of assets and or evidence of outright fraudulent conveyance.

tlo.

[DudeBug]

Here's another interesting story from Thursday hearing by Juicy. From his comment you can see these lawyers were all caught off-guard by Susman's surprising and disturbing news. JMO ... but that kind of reaction doesn't match with getting the Examiner approved ... because we all felt there was a high possibility of that from Susman's (Edgard Sargent's) report on 7/6.


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During the hearing on July 8th 2010, a shareholder sitting next to me and behind the attorneys representing WMB bondholders was complaining about her hard earned money invested in WAMU being stolen by JPM. She claimed that the money was for her kids going to medical school. She said she believed in GOD and justice. The attorneys laughed and said that during several years of his practice as a bankruptcy lawyer, he has never seen the GOD in court. He suggested to her to send the kids to Wall street where the real money is. He and his buddies continued to converse with each other and seemed to be very happy.

Within few minutes, an attorney from their group came back from the chambers/hallway and said something in their (other attorneys) ears. The attorneys stopped smiling and their mouths gapped open as if they did finally see the GOD in the courtroom.

Now, if the god loving, zombie vultures invested in WAMU could instill fear of GOD in SB,JD and BR, may be they could milk or extort a reasonable settlement from JPM and FDIC.