Mr Cooper Group Inc fka COOP

[hotmeat]

I've been trying to unravel how JPM could ""seize"" the Assets that backed the WMB Snr/Jr Bonds and the TPS.

Was there some clause in the contracts that divorced the Assets from the Securities once bankruptcy was declared?

I apply similar logic to the Subs of WMB (WAAC, WMMSC etc) whose Assets, according to the P&AA, were not sold to JPM.