Replies to post #345156 on Mr Cooper Group Inc (COOP)

[Large Green]

First of all this NEWCO is just B.S. There is NO REASON for a new company. Way to many people got hooked on that from Rosie. A reorganized WaMu could get revalued, exit chapter 11 and continue on with some of the reorganization being in reaging the preferred debt, cancelling some other and/or converting some debt into common. Do not listen to people who say this ABSOLUTE PRIORITY rule has to be adhered to, it does not when the principal holders agree to a plan. That is what bankrutpcy is for, the major players make a deal and that will be that whether we like it or not. Like this court ACTUALLY follows any principal, rules or other...give me a break!!!