Mr Cooper Group Inc fka COOP

[ron_66271]

The MBS Were Insured by CDS to Cover Losses.

JPM was responsible for about 57% of the CDS that insured the securities.


The MBS were over funded by a factor of about 2X.

That is why there is no litigation regarding the Put-backs because the put-backs were already there.

As I stated according to the FDIC;
WMB securitized $2 Trillion in RMBS, of which $500 Billion was sold to F&F.”
WMB Now had $500 Billion to reinvest just from F&F.
Cash Cow!!!
Maybe that’s why WMIIC filed first?!

WMI/WMB didn’t have $2 Trillion in Bonds/Preferred offerings in the market then.
Both the WMB EURO Notes and the Series R are backed up by 2X the stated offerings value.

So very few people understand the Derivative Market Meltdown of 2008.
The CDS Derivative contract writer’s couldn’t cover.

JPM/BoA still has to cover their obligations.



Ron