Mr Cooper Group Inc fka COOP

[distrojunky]

"if WMI provided fund and deposited them at WMBfsb?"

David, I honestly don't know. Cash seems hard to hide in this Bankruptcy world, unlike other assets. If WMI was planning to protect assets it had, WMBfsb seemed to be their treasure chest although it was a sub of WMB.

My real question has to do with the terms of the merger that took place between a JPMC sub and WMBfsb. Bopfan is adamant that the assets of the WMB subs were not included (per the P&AA) in the seizure of WMB but in the case of the sub WMBfsb, JPMC chose to implement a merger with one of the JPMC subs. So where are the assets from WMBfsb (which may or may not have included deposits from WMI)? JPMC certainly did not pay for the cash, at least not with their $1.88B initial down payment price. Per the P&AA, all of the assets of WMB subs should be returned to WMILT through the receivership.

If the P&AA does not include any of the assets of WMB subs, why does the Receivership NOT list those assets. Why would they be excluded in the P&AA and not show-up in the accounting of the Receivership? I guess I kinda understand not listing in "R" the WMI assets that were incorrectly seized but not the disclosed assets of the subs.

distro.