Mr Cooper Group Inc (COOP)

[lodas]

yo ron?........where is your substantiation that the WMB NOTES are backed with 26 billion dollars????....there is no record of this assertion anywhere, in any documents as posted by the FDIC, JPM, or WMI.....if you have a link to this vital piece of information please submit it to the message board for review..., otherwise it is just a personal belief and should be so stated...what is actually known is that the 16 billion dollars in depositor runs on WAMU caused it to be placed in Receivership, and the FDIC is still short about 14 billion dollars on the liability line of WAMU... also, what is known is that JPM squandered WAMU banking assets and wrote them down to Negative equity thus stiffing the WAMU Bondholders, and taking the assets of Great Western, Home Savings, Providian, HS Amandson, and some others for free...so, IYO, or with factual documents, where is the source that 26 billion dollars is backing the WAMU Notes... TIA...... Lodas