Mr Cooper Group Inc (COOP)

[tcr7309]

the person or team who wrote this post knows what they are talking about regarding how deals are structured.

One problem, there is not 36 billion coming back to the holding company. The assets that are claimed as part of the bk are abs's that were procured in the years leading up to 2009. Most of those assets are seasoned and/or have been written down or off and at most are worth 20% of originators value. Yes, that is originators and not original value.

This is a very thought provoking post and thanks for reposting. I may share this with a couple of friends at a major m&a law firm and see what they think.

I have asked them to dig around in the past about wamu holding and they can't find a thing regarding actual holding company assets other than what we know and they are connected.

I will still follow Occams razor. If wamu has 6 bil in nols and 700 mil in cash to do m&a I would wait for the right opportunity and buy a good asset when there is blood in the streets as opposed to dreaming about the fdick and jpm being good stewards of wamu holding company assets to the tune of 10s of billions and expect them to come back to wamu escrows without a fight. It never happened in the past and I can't see it now.

Be assured, I hope I'm wrong cause if the aforementioned post is right, I'm buying an island scuba diving, fishing and boating for the rest of my life. See what happens, you guys got me dreaming, smack, reality just set in, it ain't going to happen.

all imo