Replies to post #276142 on Mr Cooper Group Inc (COOP)

[Gmenfan]

Good post. I was about to submit a post about how we now have a diversionary tactic by Rosen and Co. to take the heat off of them and hopefully make it stick somewhere else.

Since attorneys always place the chess game of thinking about the opponents next few moves, I have to believe that Susman and Co. have already anticipated something like this and have formulated or are formulating their next plan of attack.

[YourPlanet]

What about the releases???

[Royal Dude]

Thanks so much Green. No matter what happens, I will be here with everyone until the end. You touched my heart with your statement and reconfirmed the reason I am here. God bless you and this Band of confirmed and possible need to be committed group of diversified Wamuers IMO

[McChief]

What you have to remember is there are many, many, many people who have no code of honor. It's all about how much they can get, how much they can get their friends and how much their friends can get them. Honesty? Integrity? Forget about it. Gim me da money!

[gophilipgo]

Large, you bring up some interesting points, but I don't think it's as simple as you're making it out to be.

First and foremost, if the hedgies are found to have engaged in insider trading, the judge would most certainly change the contract rate to the federal judgment rate. This alone would waterfall into the preferred pool.

Secondly, you are failing to note that the hedgies are not only the debtors, but they make up some of the creditor class as well. Because of that, if insider trading is found, there is absolutely no way the judge could consider the GSA "fair and reasonable". This, in addition to the fact that insider trading would have automatically indicated "bad faith negotiations".

Going after the hedge funds is a genius move by Susman. I only wish we had done so sooner.