Replies to post #346171 on Mr Cooper Group Inc (COOP)

[Bizreader]

Well said and excellent discernment, imo.

[warcton]

The judge was not, "duty bound to release her opinion on the four billion when she arrived at it".
She did not hold "on to it and ask them if they wanted her to release it".

The Debtors(WMI) asked her not to rule on their(WMI) Summary Judgement motion for the $4bil because they were close to a "global" settlement. Judges generally prefer to allow amicable settlements among the parties rather than issue rulings. But, she did say that she was ready to rule and later hinted that it would be in favor of the Debtors.

"who the hell is the Judge and what is her part?"

She is here to adjudicate the bankruptcy case filed at the request of the Debtors(WMI). As I am sure you have noticed, Rosen(WMI) leads the proceedings and sets the agenda. The judge is constrained by bankruptcy law and does not really have liberty to do whatever she wants. That is the way the law is currently written. Yes, it is far from ideal.

"This Judge is worse than the Criminals as she has been aiding and abetting bankruptcy fraud"

That is a fallacious statement.

While I strongly disagree with the judge's reliance on herself basically as an uncrossable witness by entering her own opinions on behalf of the Debtors(still on appeal by EC), we can't forget that we(equity) are primarily here because of her. Back in January 2010 she said we, "have a right to a place at the table". That is currently where we still are, and now, dare I say, we are at the head of the mediation table.

"This is like the guilty criminal who asks the jury not to release their opinion for fear of what a negative opinion would do."

Can't disagree with that lol.

[955]

The Judge was duty bound to release her opinion on the four billion when she arrived at it. She held on to it and ask them if they wanted her to release it. Give me a break, who the hell is the Judge and what is her part? She knew the damage it would do to JPM so she baited them to tell her not to release it.

This is like the guilty criminal who asks the jury not to release their opinion for fear of what a negative opinion would do. This Judge is worse than the Criminals as she has been aiding and abetting bankruptcy fraud and what do you not understand about this case?

Right on again LG! Since when does a judge EVER ask a party central to a case what to do? It's becoming more clear why she appointed Lyons as mediator.................she doesn't have the guts to make a decision and wants a settlement worked out without her involvement so she doesn't have to suffer the ramifications of a judgement. She's got the spine of a jellyfish and clearly has little or no motivation to exercise justice. SHE DOESN'T BELONG BEHIND THAT BENCH!

[wamuvoodoo]

large just like her bs ,saying the snh IT on dealing with secret info had nothing to do with a unjust gsa

[es1]

LG since the 4 bil has not been ruled on yet How does that work with the mediation? If we reach a settlement what is going to happen to the 4 bill and the judgement?

If the 4 bill would go to the debtors but is locked up in the GSA if we reach any kind of settlement and then the judge rules in favor of the debtors doesnt that just screw with the settlement figures?