Mr Cooper Group Inc (COOP): JPM made an announcement about shedding...

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Friday, 02/27/2015 3:21:00 AM

Friday, February 27, 2015 3:21:00 AM

JPM made an announcement about shedding 100 billion before the filed there 10K filing showing 127 billion in off balance sheet collections regarding former WaMu. This was this past Wednesday afternoon they made this announcement on CNBC along with shedding hundreds of brick and mortar savings/loan building.

I find their reasoning with shedding 100 billion in cash totally laughable. I do believe this is the start of the reconciliation process since the P&AA expired in 9/2014 as they had to warn their shareowners about cash leaving their balance sheet.

Also the CNBC or other talking heads would not even discuss this HUGE number. This kind of sounds like what they did with the worldwide blackout of WaMu in print/media for the last seven years. I can think of only one logical place this will go and that is indirectly into Escrow Share Account owner's accounts. Yeah!

JPMorgan to shed $100B in deposits - CNBC.com

http://www.cnbc.com/id/102451270

JPMorgan to Close 5 Percent of Its Bank Branches - ABC ...

http://abcnews.go.com/Business/wireStory/jpmorgan-close-percent-bank-branches-29190919