Mr Cooper Group Inc (COOP)

[AZCowboy]

B... Interesting' ~ While I Will Agree ...

While I will agree with the statement ... "IS Eliminated upon Consolidation" ... is sometimes utilized as an accounting term' ...

One needs to move the consideration forward, ... within the "legal confines" of why that particular "accounting term" would be inserted into the filings'

Well, for starters, ... WMIIC, filed for bankruptcy along with WMI on the 26th of Sept 2008' ... Then on Oct 6th the Bankruptcys were joined ... "procedurally" ... only ...

The use of the term ... "IS Eliminated upon Consolidation" ... would have reference to the bankruptcy's accounting moving forward, ... in an effort to not need to consider the value contents within WMIIC ...

Saying, the term used is merely an accounting reference could be a consideration, however, the legal allowances of the use of the term within the bankruptcy, are much more important' ...

As I have reviewed, ... In 2008, ... Nothing was ever left to Chance' ... Nothing' ... At the onset, steps were taken to protect the future of the reorganized new company,

On Sept 26th, 2008 ... The filings state, ... WMI' Owns 100% of the Equity Interests in WMIIC'

On March 31st, 2012 ... The Trust Reports that ... "such securities (231m dollars worth) of Short Term securities were liquided and transferred to WMI' ... to fulfill the financial need of the reorganization ...

... such ... securities is a legal reference to not refer to ... ALL ...

... Steps were taken in Sept 2008, ... Steps' to protect the massive value of WMI's Loan portfolio of the future' ... Under the FDIC' s ... protection afforded by the seizure, ... No one, not even Examiner Hochberg' ... was able to consider WMI's loan file

... Merely an accounting term' ? ... Maybe' ... However in reference to WaMu' ... an accounting term utilized to protect value for the future, ... when WMIIC ... is ultimately "eliminated upon consolidation" ...

... Now, able to occur for the first time since Sept 2008' ... as WMIH Corp has completed its move to Delaware and be in a position to now be consolidated with its ... sub ... WMIIC

AZ