Replies to post #335935 on Mr Cooper Group Inc (COOP)

[jhdf51]

Good point, though you stand at odds with many here but...that's what makes this such a great board.

Thanks!

JHD

[mypenneys]

So how are we going to get 24 billion back from the crooks especially is Susman takes a deal for peanuts and lets them off the hook. How can this play out in our favor I guess is what Im asking.

[Desperado90]

Large, I totally disagree with your characterization of the Judge and her actions.

First, The Debtors have to file the requisite motions and argue for her to make appropriate decisions. The Debtors have been complicit and unless she is activist judge she has no authority to file and argue our case on the estate behalf.

Second, The BK system is flawed not because the Judge made it so but that was an act of congress which setup the system with lobbyist telling them to stick loopholes in the process in the favor of creditors and sticking it to equity holders. The system is bad but that's not the fault of the Judge.

And this is for Fish and his constant berating of the present administration.

Fish, the so-called Stimulus Package gave WMI an extra tax refund of $2.6B but the debtors gave the cash refund to the adversary. That's a FACT. The same derided and *FAILED* stimulus package was the exigent reason the US Trustee created the Equity Committee because we now had more money coming to the estate. You come here telling the board that this administration is holding this BK hostage whereas the FACT is that we got COLD HARD CASH and the fools gave it away.

I don't want to get all up in your face but you need to quit with all the blaming and name calling of the administration and blame the real culprits of this debacle and that the WMI board that abdicated their responsibilities to their shareholders to an irresponsible group of professionals at Weil and A&M.

GLTY.