Mr Cooper Group Inc fka COOP

[hotmeat]

"Then, for the sake of a 'public' bankruptcy and political flogging to hide a 5th Amendment Taking of WMI consolidated to save JPM, the FDIC in 2010 renewed and made retroactive all provisions of "safe harbor and legal isolation" of mortgage assets, which stripped WMI of one of its largest assets, the $278 Billion in portfolio held loans."

When you say "stripped", does that mean it was done to present a false picture to the public or is it that JPM in actuality are now the legal and permanent owners of those assets based on the retroactive provisions??? Please clarify.