Replies to post #414583 on Mr Cooper Group Inc (COOP)

[kirby96]

...and this is why I stopped checking this board years ago.

The 100 billion in deposits has nothing to do with anything related to WMIH. Nada. Zip. Zilch.

All that is happening is that JPM is going to start charging institutional depositors to hold their cash because under BASEL III, they get penalized to a certain extent and it lowers the capital ratio they report. So they figure $100B of depositors will say to heck with that and put their money somewhere else. That's it.

[Zalviny]

You are a genius. You are the smartest on the planet. Oh wow 100 bil