Replies to post #314596 on Mr Cooper Group Inc (COOP)

[freemarket]

I agree Id rather leave the kangaroo court and head for trial in the DC court and Judge Colleyer

[UncleBo]

DP, certainly patience is good, but I am in the hopes that we would not have to wait another 19 years, like in the Meritor case:

http://www.uscfc.uscourts.gov/sites/default/files/SMITH.Slattery101106.pdf

Now for a JPM stock swap 1:1 is unrealistic (IMO), if an option at all then it would be 1:10 and worse. Given the hostilities, however, unlikely.

The tax refunds and the TPS assumption come at zero cost to JPM/FDIC. This their plan for when things become really bad. Which, I think, the day is coming.

The most frustrating part to me has been the court tollerating 6 versions of a NON-STARTER, all or none plan. Art Steinberg very eloquently described this in his objection. What I would really, really like to see is confirmation hearing truned into a valuation hearing, SNs, PIERS cram down and as such Susman writing the 7th plan - we have hired the security counsel.

Uncle