Mr Cooper Group Inc (COOP)

[ron_66271]

So Was Bonderman”s Investment in WMI

An asset, or a liability?
His and other people’s money was at risk!

If an investor invested heavy in Dotcom's that investor quickly learned that the investments were liabilities.

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ABS/MBS Securities’s Don’t sit on the banks books like a mortgage does. The ABS/MBS are insured Bonds. The insurance comes from the Derivative market.
WMB had $30 Billion in mortgages for put-backs into Trusts to cover non performing loans. The Derivative contract covered the losses

The generator of the Trusts needed to hold 15% of their offerings.

The meltdown in 2008 was JPM’s Derivative exposure as the insurance contracts writer. Bear-Sternes. Was a major holder of ABS backed by JPM Derivative contracts.
Most of these contracts are LIBOR interest rates based.
That’s why Lehman’s, F&F, and WMI are still pending resolution.


I could easily say more. Maybe later,
Ron