Mr Cooper Group Inc (COOP)

[tcr7309]

green, you and az have done a fantastic job trying to put the pieces of this sad puzzle together. You make sense on many points, and are probably correct regarding some wamu holding company assets. What also makes sense is that wamu was the biggest seizure in history of banking and as such justice should happen.

Unfortunately, that's not real world. There is no way substantial assets are being negotiated behind closed doors. Just no way. Info would have leaked years ago, the bk trustee would have tried to claw back the assets. Lawsuits would have been filed, Reporters would be all over this in a heart beat if their was even 2 billion coming back to the estate.

that's the problem with bk's, the assets get sliced, diced, laundered, washed, given away for tax reasons and strategical positioned so they are hard to trace and no one does it better than jpm.

green, answer my one question that people like yourself refuse to answer: What's your take on the pr that jpm put out regarding the 30 billion of wamu assets they found in the rubble. Wouldn't you have thought those were holding company assets, they surely were not bank deposits, right.

all imo