Replies to post #323288 on Mr Cooper Group Inc fka COOP

[Chiron]

The Hedgies did try to settle, well at least three of them. There wasn't enough they could offer though to get all parties on board. TPS wants full payment, not sure who the other preferreds were who weren't on board.

So, the speculation about them settling was right. The problem is where is the money going to come from to get everyone where they want to be if JPM and FDIC don't kick in their piece?

[ora123]

Why Settle?? Those criminals have to be jailed. They had been screwing us shareholder big time, it had been almost 3 painful years ..why we are easy on them?.

[Desperado90]

Mordicai, I believe that if the Hedgies are really serious about fixing their present predicaments, they would force the debtors to pull out of the Global Settlement Agreement tonight or tomorrow morning and file an immediate motion to vacate.

That would enable a new renegotiation of a GSA or all out litigation of all claims at a Title III court with EC having the lead role by disqualifying the debtors attorney due to conflict of interest.

There's a ton of time to remedy the situation. We are at least $370M in the money because the Judge would have to disqualify the WMB claims.

[bidingmytime]

IMO Any real settlement would have to be before or during DC actions. Getting this POR and hopefully GSA killed has always been the goal. Perhaps the "feigned" attempt at settlement with the Hedgies was part of the plan to crush them and win. If so, I bow to the genius and skill of SG. This baby is all according to plan.