Mr Cooper Group Inc (COOP)

[LuckyPanda]

General, its even better than that. Years ago when I did some research on safe harbor, I found old Wamu documents on safe harbor agreements going back to 2003 if I recall. So it was normal business all along to protect the rights to the profit margin on their loans in the holding company. In my opinion, that was the only way to raise $20B from class 17 and 19. If you recall, Wamu was already in trouble in early 2007, so why would TPS lend billions of dollar in the summer of 2007 without any kind of collateral that would be protected in safe harbor in case of bank failure.