Replies to post #396740 on Mr Cooper Group Inc fka COOP

[Donotunderstand]

Large

Like I have said before

I hope my thoughts - nothing for equity escrows - but maybe 4 x the current price on WMIH - proves 100% wrong on the escrows and a billion or two billion do indeed APPEAR and get paid to those of us on the bottom with common and pfd equity shares

for now the CA deal offsets the bad news on the inability to get a good current price in cash by selling the runoffs

[fsshon]

LG. If ( and that's a BIG IF) the employee claims and the unsupported/unsubstantiated claims of the "other" claimants are sucesdfully ruled from the bench "dismissed"." Then the set asides will flow down the waterfall. The fact that the only (legitimate) WMILT claim is for the D&O 500M insurance payout against the fraudster "shorting their own stock" Directors/Officers/Insiders.

Now as we roll down the list. We (equity) released "all parties" from further claims unless fraud and malfeasance was involved. The D&O is a given "paid claim."
The employee claims will most likely be settled for 10 cents on the dollar and funds that need to flow down the waterfall will flow.

Bank Bondholders received the "worthless stock" write-off. They can not get a recovery from the FDIC lawsuit settlements that are sure to come. JPM was given 30B for Bear they never paid back. They have slowly been paying it back. Jamie did not put 28B in litigation
set asides because he wanted to keep it ftom shareholders, no that's the "free money" he got from the Fed for Bear Stearns deal. WAMU was gravy. GSA released them from claims unless fraud was involved. Thhe court found "no evidence" to the contrary.

So, where is all the money going to come from to make preferred holders whole? FDIC? Expunged Employee Claims? D&O Insurance payouts?It has to come from somewhere. While not a smart business decision to short a companies stock that you are contracted to sell/raise capital for. Goldie was not culpable.