Replies to post #266273 on Mr Cooper Group Inc fka COOP

[juju6eight60]

what is your record on predictions?

(I know that is like picking the Final Four 4 teams.)

we have our own final four right here!!!

It was an ORDER to extend. so can they ignore an ORDER?

[Large Green]

fsshn, I have for quite some time thought the FDIC will be looking for a way out of this mess, knowing how much larger the "proverbial" hole has become. This whole idea sounded great to begin with, the Hedge Funds could steal the rest of WMI, JPM could keep the stolen goods and get rid of ALL future damaging litigation and the FDIC could walk on stealing a solvent bank to keep JPM from collapsing and future US Government embarrassment along with much more.

Now the FDIC knows the time is right to graciously move on without publicly having to pull out. I expect FDIC to put pressure on JPM and deal directly with the EC privately to come up with some kind of deal. If I am on target, that has already started and maybe will come to resolution on or before 12/29.

fsshn, I know you went on record with saying the Disclosure Statement would be approved and you made no bones about it and as a matter of fact, you were emphatic about the Judge approving it and you were ABOSULUTELY correct. I was in agreement, the D.S. would be approved but I think our reasons were different; however we were on the same page. I was not a public as you were, but I had few doubts the D.S would NOT be approved. Now here we are on the same page and I believe with the SAME reasons. Now how COOL would that be if we end up being correct?

[Civil War General]

Great fun. Nice to see your arboreal instincts are still intact. However my December Tree has branches that connect to another Tree, the January Tree and I believe they will extend the GSA as foreseen in the original GSA. This costs little to keep the "status quo" and give the Weasels another month of billings.
They are gambling men.
Judge Mary said the debtors are still on the fine line. They may wait her out and then see if they can find a reason to appeal her ruling, if she rules against them. More protracted billings equals more money for the lying Weasels. So by late January we will see which Tree the Weasels jumped to. Eventually, the seat at the table will come. Susman and His Team are holding their Aces for that day. That is why we didn't see them in Court. On that day, if they don't give us what we want, these cards will be revealed to the world. Then their bluff will be called and they will fall like the house of cards they are.
However, it could be that JPMC's Silver short crisis would make them very hungry for our large Net Operating Losses to help balance their books. If they could buy them for half price, it might save their ass. I like your idea better. We buy them in receivership. That would be Justice.

[Royal Dude]

I figure if I step out on that limb I will eventually will be right. I agree with you Don. Rosen will let it expire the 29th and not force an opinion, decision or order. He is too arrogant to admit defeat. Go Wamuers

[omwamu]

Of anyone who has been more right than wrong, I'll gladly go out on that limb of yours. The "smart" money is about to step in and make an offer. That "smart" money can be the current debtors or a new set. However, someone will step out on that limb as well.

[never-again]

Fish, you are saying that they will just let the porv6 die by not exercising the 1-31-11 extension clause to facilitate a complete redo.

In doing so, won't Brian Rodent loose the exclusivity on PORs. If so that will open lots of doors that IMO br wants to keep closed ( remain status quo)

On the other hand, If They extend and use those 30 some odd days to correct and satisfy all of the judges "where as" remarks . They could emerge with a completely acceptable plan por v6.x with Rodent still in exclusive position. I can't see any competing por containing any releases for any party not contributing to a settlement.

I must have missed the post that contains the logic flow chart of your theory .

Seems to me br would want to keep " the status quo" of him being lead council OF DIP with out having competing PORs or risking a trustee. Maybe br is hoping on a corruptable trustee.

Hope you had a great and Merry Christmas too and those pancakes were just a starting point.

[xoom]

Good post Don...

[Zilla]

My guess is extension and they'll come to a deal with someone else once again saying equity is 'out of the money.' Which will once again cut the PPS yet again. I believe this because of the volume. If you watch most manipulated stocks, they move up on volume before news. I'm not seeing that with the U's, P's and K's are slightly picking up, but probably just to knock it back down in half. :-(
DIMEQ's have been very interesting on volume with very little PPS rise. Hence where I'm guessing the 'deal' will be made next...IMO of course. In the end I think all classes will get paid, but judging from the volume we're not there yet. So I guess extension with some negative wording to knock down equity. Then see if the volume picks up in all classes, which I believe it will.
Hope I'm wrong and we get a settlement for all, but I'm thinking 2012 and beyond for that. IMO

PS I think JPM is not feeling enough 'pressure' to settle and the fDIC needs to step up and admit their mistake...AND RIGHT IT! :-D

[dmceng]

fsshon

Is the FDIC involved in the GSA and extension?

TIA

Take Care
David

[juju6eight60]

I am going to re-read THJMW order for extension.