Mr Cooper Group Inc (COOP)

[LuckyPanda]

JPM makes over $90B in net profit a year....and they have been doing it for over 15.5 years....That's about $1.5T (trillion, like $1500B) in profits they have collected since Wamu robbery. You guys dont think there are a few billions in interest collected for old Wamu in remote bankruptcy? I guess the question comes down to if FDIC is totally corrupt and robbed Wamu of its remote bankruptcy assets ..aka interests from a $300B+ loan portfolio at time of robbery at about $9B annual interest...ok, maybe escrow doesnt get it all but there has to be a few billion collected for escrow over the last 15.5 years...otherwise the hedgefunds would not have agreed to the settlement. I would say $30+B hidden away is not an unreasonable ask (F&R) when JPM made over $1500B over the same 15.5 years.

If you think about it...Dr. A's estimate of $87B residual value of Wamu remote bk assets is not an unreasonable estimate over a 15.5 years when JPM made about $1500B over the same period.

The $87B value is there...the question is whether FDIC illegally took remote bk assets and gifted them to JPM. JPM own filing said they didnt buy any of Wamu loan portfolio. only bought the bank...so who owns the $87B? Did the hedgefunds steal it from retail? This is unlikely as it would require too many players in the conspiracy and someone would have leaked it.

The only possibility is it was either robbed by the FDIC for JPM or old Wamu equity is entitled to it once FDIC-R closes the receivership.