Mr Cooper Group Inc (COOP)

[Split T]

I, like many of you understand JPM made an initial payment 0f $1.888 billion dollars in the P&A of WAMU bank. but a few here have conspired to have you believe that the Balance has also been paid to WMI and their beneficial owners. That is a blatant lie!

The gate is wide open for JPM to complete the P&A in the near future after the Libor Settlement, but before the final accounting of the P&A and the close of the receivership. I'll give you the document that provides the pathway for closure as JPM is exempt and grandfathered in prior to the date the law was passed...... Now how convenient was that.?


" WAMU was taken over and gifted to JPM on 9-25-2008. JPM was given up to 6 years or up to 9-25-2014 to close the P&AA with the FDIC.

One month after the P&AA closure Deadline of 9-25-2014, the FDIC comes up with this Proposed Rule on 10-24 2014.

IMO JPM was Grandfathered in and this new proposal does not apply to them. What a Kowinky Dink!
o

Restrictions on Sale of Assets by the Federal Deposit Insurance Corporation

https://www.federalregister.gov/articles/2014/10/24/2014-25337/restrictions-on-sale-of-assets-by-the-federal-deposit-insurance-corporation

A Proposed Rule by the Federal Deposit Insurance Corporation on 10/24/2014."