Mr Cooper Group Inc (COOP)

[Large Green]

Rarefied Realm - Does Article Refer To WaMu? Read Article VERY CLOSELY

Think how large JPM is and the others in the same league and then think that JPM has only 55 of these individuals/entities which shows how very, very wealthy these people/entities are and how very large JPM is worldwide.
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Article from Bloomberg Magazine:

It’s Billionaires at the Gate as Ultra-Rich Muscle In on Private Equity

In an era of hyper-affluence, JPMorgan and Credit Suisse cater to a super-exclusive class.

By Simone Foxman and Sonali Basak
June 11, 2018, 5:00 AM EDT

https://www.bloomberg.com/news/articles/2018-06-11/it-s-billionaires-at-the-gate-as-ultra-rich-muscle-in-on-private-equity

I thought this paragraph was 'interesting':

"Still, with so much money and influence at stake, bankers are pitching hard. Goldman Sachs Group Inc. has its own list of 60, counting among its clients the Reimann family’s JAB Holding Co. and the Koch brothers’ investment firm. JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."

"JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."

NOTE: "is watching several hundred families that are poised to enter this rarefied realm."
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Now, read this statement again and let this sink in!

"JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."

Now, let me ask a question, considering so how very much wealth JPM is speaking about to be in the rarefied realm, other than the US Government, wherein the United States could so much money come from to put "several hundred FAMILIES" in the rarefied realm which OBVIOUSLY has NOT HAPPENED YET?

Now think about a 350 billion dollar seized (5AT payback) organization that was being run under the cover of "legal darkness" for almost twelve years (9/25/2008) with monies being segregated in court-approved registry accounts for almost 12 solid years without interruption AND with very little overhead AND very few employees.

We know from filings that at least three of these accounts are at Wells Fargo that may be getting very close to dispersing to those investors who signed timely (by 3/2012) releases.

There could easily be several hundred families and may be exactly what JPM is referring to BECAUSE, yes, and unfortunately, they would have the names/accounts of investors who signed timely releases.