Mr Cooper Group Inc fka COOP

[ron_66271]

The FDIC Said “$298 Billion for WMB”.

Let’s Have Some Fun With Math.

To calculate past interest due on the principal.

The FDIC is required to pay interest on the claim. The claim is being paid by JPM plus with a “Willful Misconduct” multiple of two on the valuation of WMB.

R; Return.
P; Principal.
I; Interest Rate 1.95 (.0195).
T; Time, 15+ 5/12, 15.4166, start counting in 2009.

R= P+P*I*T
Factor out P ‘algebra’.
R= P*(1+I*T).

R= $298*(1+.0195*15.4166).
R= $387.58 Billion.

Now add back in valuation for WMB of $298 Billion

$685.59

To UQ holders

I don’t believe that the FDIC can except JPM shares as a method of payment because WMI doesn’t have an arbitrator at the table.
Must be cash.

We should be seeing the Retained Earnings distribution at anytime now. The end of 75/25%
I know where the $32-$8= $24 Billion went to.
The EC told us.
$20.7 Billion Dollars in Retained Earnings held in Treasury Notes.



Ron