Mr Cooper Group Inc (COOP)

[MightyWM]

Fish,

I dont know too much about the whole story. But here is what I read from HROLLER who fights for WAMU in JPM's board.

The following was quoted from the email sent to Board of Director of WmBfsb from Peter Frellinger.

"We propose to decapitalize WMBfsb by returning $20 billion of capital to its parent. The $20 billion will include the master note of approximately $7 billion, proceeds from $3.5 billion of Discount Notes and cash
generated through additional wholesale deposits and advances from FHLB Seattle. We propose the payment of at least $10 billion by September 30, 2008 and the remaining $10 billion through December 2009."

HROLLER's post - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43104188.

Someone else was asking if WMBfsb is a subs of WMI or WMB. Please read the "10-K For 12/31/99" in page 3 the first two paragraphs of Overview - http://www.secinfo.com/dr643.5f2.htm#87rj. It was very clear that WMBfsb is the subs of WMI.

Thanks for all your inputs in the past. GLTY