Mr Cooper Group Inc (COOP)

[fsshon]

You can't account for something that has not happened. Read page 177 in their 10-k.. They do a good job of setting out the language. it is there, it is not in number form, but it is there.
Go look at the 10-k and then come back and talk to me about Fair Value of WMI in their Report [wmi value 52 bil then]. PSJC will get to re-valuing WMI assets, if there is not a settlement and SJ and Nol's are back [we're solvent]. WMB and WMBfsb assets are noted in JPM's report. Go read all 200 plus pages of that report then come back to and we'll talk..

Now IMO 52 Bil is the minimum the EC is looking for. Everything is negotiable, but I feel we have the "upper hand" here. JPM and FDIC had their chance in March 09. JPM has made an average of 2.4Bil X 12 = 29 Bil off WMB assets since then. They really screwed up and thought they could be protected by the FDIC and the government (saviors) but "threw the FDIC under the bus" in an August report "At no time before or on the day of seizure was WMB insolvent" UH-OH sorry FDIC we are covering our own butts.

Congress, PSI and DOJ are on the horizon. Heads have got to roll if there is evidence the actions of JPM and GS are what caused the wealth of USA to be drained by over 50% and millions of Americans to be unemployed and not-employable. DOJ has publicly said "over 5000 prosecutions" are coming soon. People are going to the the "big house" and that could include Dimon, Bair, Scharff, Main, and others involved here. I think REICH of OTS is the "smoking gun" and will turn "state's evidence."

All we have to do is theorize why their has been so many "voluntary" turn-over of Documents by parties that had not been forced or ordered by the court yet. No wrongdoing on those parties parts? or the DOJ is already handing out immunity. UST ordered EC, EC is asking for a re-evaluation and new board. WHY?

52 Bil minimum.. Or JPM could be paying a minimum of 3X damages, plus the 6.5Bil in Cap Contributions, the 6-10 Bil for Providian, the 4.4 Bil in Deposits back to WMI, the Trademark Patent infringement claims, before we even go to trial.

I feel THJMW is on our side.. Because the Law is on WMI's side. Why Chambers on Thursday and no actual ominbus? Because it is not necessary. Notice the document that came out on Friday with all the claims expunged. Once the bondholders are moved over to JPM/FDIC (Veil issue) the balance sheet of WMI will include apporx. the original 1.3 Bil in claims and the series of WAHUQ, WAMPK,and WAMKQ.. there was a post the other day that detailed the outstanding debt this company has.

JPM wants to tell their shareholders they purchased a "solvent WMI".. JPM/FDIC complete acquisiton of WAMU.. Nuf said!