Mr Cooper Group Inc fka COOP

[climberprof]

Survivor,

Do you think thre is anyway that WMI could "fake" this electronic transfer of $4B? What I mean is that they (WMI) did not have any fundings of $4B (electronically or phsically) and somehow they faked the transfer (cooked the books ??) and showed that as if there was an electronic transfer of $4B from WMI to WMB?

I am GUESSING that even if the electronic transfer (wire) of $4B was from WMI to WMB, there has to be some kind of third party approval, time stamping of this kind of wiring money.

May be somebody who knows "banking" business can answer this.

THIS IS ONLY A SPECULATION ON MY PART. Trying to figure out IFF there could be any legitimate argument of JPM's claims on $4B.

Thanks
Best
Climber

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"On the other hand, JPM also say that it was a "book's electronic transfer" instead of "real money". What is the point in this? I don't think JPM or anyone else - besides IN movies - ever moved 4B of "real money" anywhere. Everything in a bank is based on books entries as well as electronically executed. Doesn't sound to me like an argument."