Mr Cooper Group Inc (COOP)

[ron_66271]

LP, Yes it Would Be Interesting to See a Like BK.

No I can’t answer your question.

The WaMu story is very unique, FDIC seized a solvent Bank owned by WMI to rescue JPM’s Trillions in Derivative contracts covering the ABS market. WMI wasn’t “clubby enough”, but had a lot of cash on hand. ~$40 Billion at WMBfsb. JPM’s Tier 1 ratio was ~3.5, as compared to WMB of ~7.8 from JPM own 2008 10K published in 2009.

You submitted a W-9 IRS Form that gave you Escrows in the Plan 7 LT. That LT was only designed to have enough money to pay Creditors. Mission accomplished.

Retained Earnings were never a part of Plan 7 LT. That money is in Treasury Notes.

WMI Non-Debtor Subs are not at COOP.

WMI Holdings Corp is not COOP. WMI Holdings Corp was pulled away from the Registrant with the merger.
WMI Holdings Corp has our assets.

Focus on the W-9 that we signed not the Plan 7 Escrows.



Ron