Mr Cooper Group Inc fka COOP

[ron_66271]

The Government Didn’t Have the Money in 2008.

To bail JPM out.

That is why JPM needed WMB/WMBfsb cash.

$188 Billion in WMB deposits.
$50 Billion in WMBfsb deposits.
$40 Billion in cash at WMBfsb.
$278 Billion in cash infusion into JPM in one day.

JPM had $900 Billion in derivatives contracts to cover.
Hence;
The Credit Crisis of 2008.
Plus, JPM paid themselves for the WMB RMBS that JPM needed to cover.
Same for Bear Stearns.

JPM looks good due to WMB assets.

JPM now/then;
$225/$26
8.65X increase.


JPM current Derivative Market Notables exposure is Trillions.

A derivative is a Naked Call option.
The writer of the contact doesn’t own the base assets.

Compound Fiat money.

Two years ago the Derivative Market was $362 Trillion in notables.
Five times the total GDP of the Whole plant!!!



Ron