Mr Cooper Group Inc (COOP)

[Bizreader]

That is a good summary but there is no WAMU entity. The stock of the WMB was "sold" to JPM! This is something no one seems to be discussing here. JPM is now the "owner" of the stock trading under the names, WAMUQ, WAMPQ, WAMKQ, I think. Again, I'm not a lawyer or banker. In the filing the plaintiff, WMI, on page 3 says the stock of WMBfsb was sold to JPM.


Is WMBfsb another business entity that can be separated from WMB? I don't know. The deposits and retail outlets were the apple of JPMs eye. The stock is more of a liability. WMI will come out of BK.

This is great time to learn how these things go.