Mr Cooper Group Inc (COOP)

[tcr7309]

bban, the wamu holding company said it very straight forward in their bk docs that the holding company had 8 billion in debts, 32 billion in assets with a significant amount "deposited" in the wamu bank at the time of seizure.

Very straight forward don't you think. There are no additional assets that wamu holding had or they would have listed them in their bk docs.

So, the question is how does the wamu holding company get that money back from jpm without a fight, well they don't. So why have they not sued, my guess is that wamu was in such a panic that the holding company co-mingled their books with the wamu bank books. If this is true and I think it is based on how holding company gaap works. So basically wamu holding used that money to re-capitalize the bank not thinking in any way shape or form that they could be seized.

Look at duetsche bank they sued jpm and lost. My guess is they were after that holding company asset. I would even bet if the fdick wants that money for whatever reason they will have to sue jpm. Good luck. Talk to me after the lawsuit if filed and 10-15 years down the road. The waterfall will stop above escrow almost for certain, it is the bk way.

all imo