Mr Cooper Group Inc (COOP)

[Kristallweizen]

Holy BOLI smoking gun?

As of June 30, 2008, Washington Mutual held $5.165 billion (right) in bank-owned life insurance (right). During that same year, Fortune reported that Washington Mutual reportedly had 49,403 employees.

Washing Mutual thus held over $104,000 in bank-owned life insurance per employee.

http://clearman-law.com/fw/main/default.asp?DocID=1&CntID=66&ModKey=mk%24cmsc&PrintLayoutID=

JPM Federal Reserve Filings:

2007
pg 3 line 6b. Earnings on/increase in value of cash surrender value of life insurance $0
pg 18 Line 5. Life insurance assets $13,681,000,000

http://www.ffiec.gov/nicpubweb/NICDataCache/FRY9C/FRY9C_1039502_20071231.PDF

2008
pg 3 line 6b. Earnings on/increase in value of cash surrender value of life insurance $0
pg 21 Line 5. Life insurance assets $18,048,000,000

http://www.ffiec.gov/nicpubweb/NICDataCache/FRY9C/FRY9C_1039502_20081231.PDF

2009
pg 3 line 6b. Earnings on/increase in value of cash surrender value of life insurance $808,000,000
pg 25 line 5. Life insurance assets $15,821,000,000

http://www.ffiec.gov/nicpubweb/NICDataCache/FRY9C/FRY9C_1039502_20091231.PDF

2010 thru Sept 30...
pg 3 line 6b. Earnings on/increase in value of cash surrender value of life insurance $0
pg 25 line 5. Life insurance assets $16,269,000,000

http://www.ffiec.gov/nicpubweb/NICDataCache/FRY9C/FRY9C_1039502_20100930.PDF