Mr Cooper Group Inc (COOP)

[ron_66271]

The FDIC Had NO Authority to Seize WMB.

WMI is a Holding Company of Banks, not a ‘Bank holding company’. WMI/WMB only purchased FDIC insurance to protect the depositors.

WMB was a ‘National Thrift, Savings and Loan’, NOT a ‘NA’, (National Association) like JPM, BoA…
The FDIC only has control over NA Institutions. Tax Law, and one of Dr. A’s points to the Court.
That is why the FDIC/JPM lost!

More;
WMI/WMB was NOT a writer for Derivatives contracts like JPM, BoA…
The LIBOR defendants.

2008 was a total derivative market meltdown.
I have posted the numbers.

I have posted the more current derivative market numbers.
These numbers should concern everyone.


Ron