Replies to post #278425 on Mr Cooper Group Inc (COOP)

[Lawrence 147]

Desperado 90

When I saw the first line of your post I thought oh no here I go again going to get into some big political debate and most likely going to be thrown off. Well sir I tell you this that was a very good post indeed. I think you are starting to get it.
1. One if not all of the then BOD was in on this, I think that is why KK was shown the door, he just would not comply. 2. Of course we all know now JPM and the FDIC were working together to get this merger accomplished and their MO was pure and simple rape pillage and plunder. 3. They used the hedge funds and news outlets to accomplish these goals. 4. No one would need a release if their hands were clean and they could not be prosecuted. 5. Greed should be their downfall.

[fsshon]

Desp..I think you are missing the point that it was Neil Kashkari of Treasury that proposed this 5 year carryback and worked to get it implemented. He knew it would help out firms like WAMU. He also pushed for the Banks (i.e JPM) to not be allowed to get the tax refund money if they took TARP.

Now he is in a Mountain Home in the Sierra sequestered by Hank.

I agree with what you have said "The Debtors are the enemy here, but the other parties are part of the GSA and obviously support it." Adam Strochak of Weil started strong in this case, I am sure it will be proven through the discovery of the noteholders, that they are the ones who stopped the debtors from pursuing JPM/FDIC because it was more beneficial for them to get paid quicker if they exited BK before Dec 31, 2010, they would have WMMRC and the NOL's to.

I remember their attorney clearly stating "we are the architects of the Global Settlement Agreement, we designed it and implemented it."

In other words, it is now flawed and should be thrown out in it's entirety.