Mr Cooper Group Inc (COOP): IMO the Debtors should have fought harde...

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Re: mad4 post# 609879

Wednesday, 01/29/2020 10:21:12 AM

Wednesday, January 29, 2020 10:21:12 AM

IMO the Debtors should have fought harder to challenge the $1.9B JPM paid for WMB or went after the Capital Contributions made to WMB prior to the seizure.

They didn't, and working in league with the FDIC, JPM and AAOC they sought just enough cash to cover Creditor debts.

I just don't buy the claim that the FDIC has WMI Safe Harbor assets when they have already stated they don't.

EDIT: Has anyone ever shown by what process the FDIC could have concealed such assets for 11+ years, in addition to being able to deny their existence???

The answer is an emphatic NO!!! The reason being that there is no such mechanism that exists.

"MEGA BILLIONS CREW" non-member

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