Mr Cooper Group Inc (COOP)

[lodas]

WAMU Bonds will NEVER BE PAID!!!!!!.... why?...Short sellers drained 16 billion dollars from banking assets during the "bank run", and secondly, JPM failed to get fair value for what assets they received and was supposed to sell at fair prices...so, the end result is that the FDIC is holding a 14 billion dollar shortfall in the balance sheet.... equity shareholders do not MAKE LOANS IN THE BANK!!!!!.... Depositor savings and bond holders make loans!!!!!!!!!.... equity will receive nothing because the shortsellers took the money and left the loans THAT WERE OUTSTANDING BACKED BY NO ASSETS SECURING THEM...this is why the receivership will take years to close until every last penny from the 299 billion in MBS come mature, if at all... remember these are UNSECURED LOANS, packaged by institutions, and sold all over the world...Lodas