Mr Cooper Group Inc (COOP)

[marayatano]

Page 93: two banks both owned by WMI, but JPMC took both of them. The P&A only talked about WMB, not WMBfsb which is where all the billions in cash belonging to WMI was stashed.

Page 93:
"At the time of failure, Washington Mutual Inc. (WMI) was the bank's holding company and sole shareholder. It is publicly traded on the NYSE under the ticker WM. The holding company is regulated by the OTS as a unitary savings and loan holding company because it acquired two OTS chartered institutions, Washington Mutual Bank, FA (WMB) and Washington Mutual Bank FSB (WMBfsb), through supervisory transactions."

Only place this is mentioned.

That is because WMB owned WMB fsb.

WMI's ownership was indirect.

imo