Mr Cooper Group Inc (COOP)

[novascotiaSTS]

If 600B comes to Escrows, it would have meant that

- WaMu made 600B worth of mortgage loans to real estate buyers pre 2008, financed largely by debt (depositors’ money and other liabilities)
- Only pretended to sell these loans to investors but actually just moved them “off balance sheet” without getting a purchase price in return
- Managed to hide the subsequent 600B hole in its balance sheet from depositors, auditors, SEC etc
- Never repaid the deposits / liabilities used to finance the original loans
- Managed to hide 600B worth of assets from its own shareholders before and after bankruptcy
- Kept these assets hidden for 15 years, including billions of earning annually

Only to reveal them now and pay them out to former Escrow holders.