Mr Cooper Group Inc fka COOP

[ron_66271]

JWW, The WMB Bond are Covered Bonds.

The WMB EURO Notes are over funded MBS, and are now all cash. The Notes are JPM's responsibility not WMI's and paid for themselves with their own money. Therefore don't subtract them from the WMB Balance Sheet to WMI claim against FDIC.

Nooo! JPMC got the $258.5 billion assets because they also assumed exactly the same amount ($258.5B) in liabilites.

Are you saying that all ~2200 Bank locations are worthless?

But the FDIC subtracted these $40.2B asset related equity adjustments...

The $40.2B is the WMB loan losses and is an equity adjustment for the value of "WMB and it's assets".


Thanks for the TA Charts.