Mr Cooper Group Inc fka COOP

[AZCowboy]

~ Willie, I Thought About Your Question ~

"would you consider doing a WMIH for dummies - seriously"

My First Thought', ?, was, I doubt there are any "dummies" that are still here after all of this time', ... and my Second Thought', was, How would I answer you with such a complex dual tracking misrepresented process' ? ... but I'll give it a try

* In 2006, there was an innovative process began' by Washington Mutual Inc., which began issuing multi-national bonds supported by Asset Backed Securities (mostly, Residential Home Loans) on the world financial market.

* By 2008, there were only TWO Banks that were participating in this multi-national process', the Bank of America and Washington Mutual Inc.

* In 2008, Washington Mutual Inc., still from the days of old, was still a "Holding Company", while Bank of America was a "Bank Holding Company"

* Also in 2008, Washington Mutual Inc., originally being a "Holding Company" did not qualify for the Government's Tarp Program ...

* In 2006', Washington Mutual Inc., Had already issued the WMB Noteholder Program out of the UK

* Move Forward', ... In 2008, The FDIC had zero jurisdiction over any multi-national Bonds Issued, that were not US Issued (Rule 144a) ... the FDIC had no jurisdiction outside of a US Issued Bond'

* On Sept 25, 2008', The OTS/FDIC seizes Washington Mutual Inc.

* On Sept 26, 2008', WMIIC Files for Chapter 11 Protection @ 10:15pm, while WMI' Files for Chapter 11 Protection one minute later @ 10:16pm

* During the "First Day Filings", Judge Walrath allows for a "Joint Administration", ... However', ... She ALSO Stipulates that "NO FUNDS WILL BE ABLE TO BE COMINGLED BETWEEN THESE TWO CASES", ... NOT' Without her express permission', ... (She gave her permission only Once', at Plan 7's approval.)

* after Plan 6 fails twice, Rule 510 "Subordination" is forced, and WMI's Plan 7 is able to be approved and everyone is given an opportunity to "Participate" in it

* the original "the WMI Action", is allowed a venue change to D.C., and the dual tracking litigation continues', ...

* Plan 7 becomes the result of a "Settlement" and is Implemented on 03/19/2012, while "the WMI Action", continues on in D.C., which also results is a "Settlement"

* during the ongoing time lines, the FDIC readjusts itself to be able to legally consider multi-national issues, BUT is not able to intervene on a retroactive level', ... "There will be, No More WaMu's" ...

* WMI's Plan 7's Settlement' gave you the opportunity to "Participate", (a win for everyone) ... while the WMB Dual Tracking D.C. Litigation Settlement, has now released the Performing Trusts from their legal restraints while the litigation had previously continued' ... (again, a win for everyone) ...

... It Is My Opinion', that We' will soon see the now released results of the Performing Trusts, ... Both', Cash and' Continuos Cash Producing Assets'

I hope that outline' was helpful, ...

AZ