Mr Cooper Group Inc (COOP)

[mordicai]

So in other words according to your theory whenever anyone of us sells our stock without any reservation of rights or limitations such as ex dividend we sold the asset but still get future dividends and price appreciation from that asset. Your theory doesn't mesh with FASB definition of asset. When the holding company kept the equity of wmiic it retained the common stock, preferred stock if any, and retained earnings (as adjusted by A& M by the extinguishment of the parent subsidiary intercompany loan). According to por and disclosure statement the assets of wmiic were transferred to liq trust without any expressed limitation or reservation of future income streams or price appreciation in those assets. According to wmih financial statements wmiic has no assets.