Mr Cooper Group Inc fka COOP

[Duyrowndd]

Just identifying what I saw unusual in Paladin Charter.

Yep it was a Denke thingy!

WMI BK had assets that were remote and not included in the BK. This was in part due to the WMI INC. separation from the Banking subsidiaries that were seized. The assets could not be seized in the WMB BK from WMI, INC. Completely separate organizations

This was all about the impact of the seizure on WMI - but some assets were not comingled and held by WMI.

WMB was seized because it was "insolvent" If they waited one day it would have been solvent due to money in transit from WMI to WMB.

Instead, they seized on Thursday. How many banks get seized on Thursday???? NONE!

This caused the Holding company WMI to declare BK due to the complete loss of the asset "WMB" and associated revenue stream.

WMI is NOT WMIH. WMIH was formed in the BK for what remained non-BK Remote. At least from my interpretation.

I could be full of it as well! Just my disclaimer

GLTA

Always lurking,

DUY