Mr Cooper Group Inc (COOP)

[tcr7309]

the fdic is not holding anything in my opinion, they might have at one time held some small potatoes of wamu assets before they sold them off to pay creditors. All this off balance sheet garbage is a myth imo.

Let me ask one question to you regarding off balance sheet. The 30 billion in the rubble jpm pr must have been off balance sheet because surely no one here posted that jpm was kicking azz on a commercial loan portfolio that they bought from wamu as part of the seizure. If those were somehow absorbed by jpm isn't it logical that everything else that belonged to the wamu holding company was absorbed by others as well, primarily jpm.

Most of the pro escrow gang I'm sure thought that 30 billion that jpm recently pr'd belonged to the wamu holding company. Funny, how those folks never talk about that asset because they know it is gone for good and shoots their billions and billions theories down the drain. all imo.