Replies to post #459439 on Mr Cooper Group Inc (COOP)

[tanjazielman]

So in your logic JPM gets nothing. Because there is still 13.8 billion that needs to be divided hypothetically by the FDIC before JPM sees a penny. That's what they waited 8 years for?

Also, the shown situation is BEFORE WMIIC is fully eliminated upon consolidation.


Quite a bad deal for JPM to settle for 645 million while there is nothing in the pot don't ya think?

Besides why did the members of the Steering Committee (“Steering Committee”) of the Ad Hoc Committee of Washington Mutual Bank (“WMB”) Senior Note Holders and certain holders (“Institutional Investors”) of residential mortgage-backed securities (“RMBS”) sponsored by WMB settle for 2.28 billion after four months of Mediation? Because there was nothing left in the receivership?

REALLY?? They wasted four months of mediation because there was nothing left?

GREAT LOGIC.

Guess DIMEQ was a better investment in hindsight (sarcasm).

[wildboarhog0]

Well if it was on the website ....it would not be hidden now would it?

[invest1980]

I am a little confused by this whole DB,FDIC, & JPM deal. If FDIC only has $2.7B and has $13B in claims against receivership, why would DB accept such a deal? Would they get priority claims on the $2+B (taking into account JPM cash payment)? DB is releasing deep pocketed JPM for claims against a receivership that is under water??? What am I missing....