Mr Cooper Group Inc fka COOP

[Billiam_2]

Johnny come lately, perhaps if you were here a year ago you would remember the initial BK filing by WMI listed $32BB in assets and $8BB in liabilities. That included all of the subsidaries realitive to WMI such as Providian. Weil/Quinn wisely placed them into an escrow account of disputed assets so A<L thus insuring we stay under the protection of bankruptcy court. Ultimately THJMW will sort this out and return these assets back to the parent bank holding company because it is the law. The FDIC only has jurisdiction over banks, not holding companies. Holding companies are set up to protect assets. Bondermann knew this, that is the reason he converted to commons. The FDIC screwed up big time and most liklely were in collusion with JPMC when they illegally transferred all of the assets of WMI to JPMC. Justice will prevail, it is not complicated but rather delicate as the major defendents are also kingpins of our fragile economy.