Replies to post #395352 on Mr Cooper Group Inc (COOP)

[wamugold]

Hey Voodoo, the $4B you are talking about is it the one described on this document in section 12.1 claim#(8) ?

http://www.fdic.gov/about/freedom/Washington_Mutual_P_and_A.pdf

PS Book value very descriptive :-(

[PickStocks]

the so called 4.4 billion in deposits that was supposedly given back was used to pay creditors. That money is gone....

[Donotunderstand]

wamuvoodoo
I am long

I added at the last dip for a trade

I have a nice chunk on the table in WMIH stock

I have publicly noted I fail to see why escrow will pay out

I wait lets say 20-50K of H payments (no cash yet - just 30 letters and a 1099 for phantom income - and finally postive growth in value of claim on paper)

I have watched since the THURSDAY (having figured I had Friday AM to change my long position - money on the table)

That all said

Seriously - on what basis - please describe - do you think that the LT will find Billions???

(I am not aguing that anything has been fair - just I do not see what would be the impetus to find more money - especially as I await my first hard penny from H shares much higher on Escow ladder)

And yes I hold escrows from all the the other preferreds - so I in if you are right - but do want to keep the conversation real