Mr Cooper Group Inc (COOP): Minimum payment for WMB is $300 Billion....

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Mr Cooper Group Inc (COOP)

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Re: Bizreader post# 706000

Sunday, 03/12/2023 4:05:53 PM

Sunday, March 12, 2023 4:05:53 PM

Minimum payment for WMB is $300 Billion.

That greatly covers SVB depositors.
About $200 Billion covers SVB.
Problem solved.

What if FDIC gave WMB's money back and gave WaMu, or maybe (XXXX) SVB as part of the payment?
Solves multiple problems.

Commons get a bank.

IMO, JPM has been making payments to the FDIC for years.

Ron

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