Mr Cooper Group Inc (COOP)

[hotmeat]

Quote.... "NONE ~ of The massive WMI Parent Corporation's cash earning assets and Investment Corp's managed illiquid assets ever disappeared"

It always struck me that when WMB began to see losses in their loan portfolio, WMI (the parent co) was ready to inject billions into the bank to stabilize it. This was evidenced by the plan WMI management submitted to the FDIC a day before the seizure which outlined a capital injection of approximately $30 billion over the course of a year or so.

What exactly was the source of these funds?... and in addition to this, creditors were paid with all cash, not liquidated assets. The answer is clear, WMI retained highly rated assets as income generating vehicles and these were administered by their sub(s) (WMIIC?).