Mr Cooper Group Inc (COOP)

[lodas]

you confirmed what I said ....A-L= 16 billion dollars hole in WAMU's balance sheet held at the FDIC...they had no liquidity because the depositors drained it all out....these were the words of Califano before the judge when hearings were held to confirm the chapter 11 closing....the Receivership will only close when every last penny is drained from whatever assets the FDIC is holding...does anyone know how much money WAMU borrowed from the Fed Discount Window to make those 2 trillion dollar RMBS loans to investors that ron stated in his post?...there is no way WAMU could have made 2 trillion dollars in RMBS unless they borrowed money from the FED...they paid off Creditors claims but left the FED holding the bag for 16 billions... do you really think the Fed is going to give money back to shareholders and close the receivership with a 16 billion dollar hole left in it?...Lodas