Mr Cooper Group Inc (COOP)

[Desperado90]

Dude, this is no longer funny.

I used to laugh but am now going to take you on head on.

Preferred shares are not liabilities because they are typically in perpetuity or very long term debt.

Therefore, $4B Preferred has a typical liability of 7% = $280M which is the liability due to the preferred shares.

I can't believe am explaining this to you.

Here's how it works.

The holding company raises $4B in cash and uses its banking arm to leverage the cash conservatively 10:1. Therefore $4B in cash is equivalent to $40B of liquidity.

With $40B in liquidity @ 4-5% yearly return = $1.6-2B which covers the $280M liabilities easily.

How do you think WMI had $17B in CASH in WMFSB. Thats how you do business over time.

It's simple and the Judges need to move this forward and stop JPig/FDIC stall tactics. If they like lets send the case to criminal court and let the chips fall were they may. There's no jury out there that would look at the sales price and the $29B windfall to JPM and not find JPIG/FDIC guilty of criminal conspiracy and criminal fraudulent transfer.

GLTY.