Mr Cooper Group Inc (COOP)

[ron_66271]

No Flow, It's Not Retained Assets.

It's Retained Earning. This is the proceeds of the 363 Sale of WMI assets.

This is a future 'dividend' payment to the Equity classes as the cases close. 75/25%, debatable?

More than $32B-ish minus $8B-ish becomes $24B-ish from the second first filing.

See PDF 20/78. read it very carefully;
http://sidedraught.com/stocks/WashingtonMutual/Equity%20Committee/POR/WaMu_Closing_Equity_Committe.pdf

BOLI-COLI $5B
Fraudulent Conveyance $6.5B ..
.. I have done the math for the 363 Sale. The $4B TPS is removed from the value of WMB because it was paid in the 363 Sale. The ~$4B of $3.9B for the 'Turn-over' of transferred cash to WMB by WMI through WMBfsb is also removed from WMB valuation.

So; WMI sued the FDIC for $307B, now remove ($4B + $3.9B) = $299B.

The ($20.7B) starts out as an obligation at closing in the FEB MOR 2012 in the first column set, then is transferred to the DCR in the middle column. This is NOT the same 'Envelope' as the LT's 'Envelope' of holdings.


I have posted and reposted this same message for years but very few light have turned on.

Too much talk, too little reading with understanding.

Yes, =>AZ is RIGHT <=