Mr Cooper Group Inc fka COOP

[climberprof]

Jackson,

Please explain how will help CITI if they buy WMI?

Is it $4.4B that WMI might have?
Well, CITI is getting another $25B from FDIC now and guarantees on bad loans etc. so that they do not fail.

Or is it the $20B NOL that WMI might have?
Well, I do not know what is CITI's NOL but I do not think it is much less.

This is my point. Same think applies to JPM as well. If they need cash, they will get 5 times more from FDIC!

I really hope I am wrong.

Best